We are publishing a Maxwell Solutions Holding Pte Ltd review — a warning to traders about the emergence of yet another Forex/CFD scam broker. Once again, we see scammers modestly calling themselves “one of the leaders in the online investment market” and promising highly profitable trading conditions, a cutting-edge trading terminal, and maximum security for operations and funds on accounts. They boast about industry awards they haven’t won and hide behind the name of a legitimate company that has nothing to do with them. If you need more details, you’ll find them below.
Key Features
- Company Name: Maxwell Solutions Holding Pte Ltd
- Website: https://maxwellsolutionsholding.com/
- Available Contacts: [email protected], [email protected]; Phone +6531590732
- Foundation: 2024
- Services: Forex/CFD trading
- License: No
- Initial Deposit: €100
From Sign-Up to Payout
The official website of Maxwell Solutions Holding Pte Ltd looks quite attractive. The developers managed to choose the right color scheme for the template and complement the text with appropriate illustrations. Moreover, the pages load extremely quickly.
However, if you look at the content of the pages, it turns out that the first good impression was deceptive. What else can be said when:
- The Market Rates table does not automatically update. This means that the broker’s specialists lacked the skills not only to display their own quote stream in it but even to use free widgets from numerous market information providers.
- The Trading Academy page contains no materials at all, despite the company’s promise to use its many years of experience to help anyone in need of education.
- You cannot register independently. As is typical with many scammers, the registration form requires entering a Registration Code. Of course, the company doesn’t explain where to get it, so the user has to contact customer support.
- The materials published on the site’s pages have almost no informational value. There is no clear description of the available markets, contract specifications, financial statements, payment details, etc.
In short, the scammers have failed again. They missed the opportunity to engage visitors to their website. However, it seems they weren’t aiming to attract clients that way.
Our Trading Experience With Maxwell Solutions Holding Pte Ltd
One thing the broker excels at is boasting about its trading platform. Maxwell Solutions Holding Pte Ltd describes it as next-generation technology software that can compete with any popular terminal. In reality, these claims are, to put it mildly, exaggerated. The offered platform by Easy Technologies has numerous flaws that even a trader with minimal experience will easily notice.
For example, these include:
- The implementation of market overview (the list of financial instruments) is poorly thought out. Users see all available assets and cannot adjust the list to leave only the tickers they need. Quick search and adding to Favorites only partially solve this problem.
- The set of graphic analysis tools is frankly lacking. Traders accustomed to using advanced tools like the regression channel or Andrew’s pitchfork will either have to abandon their trading system or lose accuracy by replacing these tools with the terminal’s available options.
- It is impossible to add third-party indicators or trading robots. There are no software tools to create them (even in the desktop version of the program).
- The platform settings, market overview, and charts do not save. When the page is refreshed, the entire platform configuration process has to be repeated from scratch.
As a result, the “technological” terminal of Maxwell Solutions Holding Pte Ltd helps traders not to earn, but to lose money. Most likely, this is exactly what the developers intended.
But even this might not be the most important issue. Experienced traders know that this software seems designed for scammers: the administrator has unlimited access to the quote stream and can adjust it at their discretion. Naturally, all adjustments are made against the traders. As a result, a trader’s chances of making a profit turn into a mere illusion. Isn’t this exactly the kind of “fair and transparent” commitment you expect from a broker?
The Reality Check
In practice, many potential clients of the broker, after talking to the company’s representatives over the phone, are not inclined to consider all of the above objectively. However, for such users, we have more compelling arguments proving that this project was created by scammers.
Let’s start with the company’s registration. Although the broker does not mention its location or date, we know exactly which business registry to check for information.
Yes, a company named Maxwell Solutions Holding Pte Ltd was registered in Singapore in 2018. The scammers could have succeeded, but a few details got in their way:
- The company’s authorized capital and total assets amount to 10,000 SGD (about 7,630 USD). We believe this is insufficient for a broker acting as the sole counterparty to clients’ trades.
- As of 2023, the company’s status is “Struck Off” (removed and no longer operating).
- According to the local financial regulator MAS (Monetary Authority of Singapore), the firm has not received any licenses to provide brokerage/dealer services in financial markets or to operate as an investment advisor.
Thus, we are dealing with a fake broker, which has no official registration and instead uses the name of an existing Singapore-based firm to deceive potential clients. The broker/dealer license is absent not just in Singapore but in any jurisdiction. Still feeling like trading with a non-existent company that operates illegally?
How Long Has Maxwell Solutions Holding Pte Ltd Been in the Game?
We already mentioned that the broker does not disclose its registration date. However, some clues about its timeline were revealed, perhaps unintentionally. In the list of allegedly received industry awards, one is dated 2017. Here, the scammers outsmarted themselves: according to their story, the Singapore firm was registered only in October 2018. Therefore, the company could not have received an award while it didn’t yet exist.
This is more than enough to consider the information published on maxwellsolutionsholding.com to be fake. We have additional proof of this.
According to Whois, the domain was registered only in May 2024. Thus, the broker has only been active since the domain maxwellsolutionsholding.com was created, which at the time of this review is just 4.5 months. Clearly, there could have been no awards or recognition in 2017-2020. However, there is enough information to understand how honest the company is with its potential and current clients.
Extra Fraud Indicators
Maxwell Solutions Holding Pte Ltd didn’t stop at faking its registration, licenses, and length of existence. It provided us with a few more strong indicators of its scam nature:
- Account holders of the four higher-tier account types are guaranteed an ROI of 9% to 18%. Who guarantees these payouts? Where does the company get the income for them if it doesn’t have access to clients’ deposited funds? Unsurprisingly, the company’s representatives do not answer these questions.
- These same clients are promised bonuses ranging from 50% to 100%. The broker doesn’t seem concerned that regulators prohibit such methods of enticing and attracting clients. This is exactly how a “licensed” company should behave, right?
A particular highlight on the site is the document titled Terms & Conditions. We’re not even talking about how it is one of the shortest we’ve seen or how it’s difficult to take this meaningless “piece” seriously as a user agreement. In the very first line of this “document,” it states that the agreement is between the client (individual or company) and Global Prime Treasury PTE LTD.
We know very well that the mentioned company is a fake broker that has already defrauded dozens of clients. Apparently, Maxwell Solutions Holding Pte Ltd’s staff forgot to change the company name in the Terms & Conditions, unintentionally revealing the continuity between scam projects.
Is Maxwell Solutions Holding Pte Ltd the Right Fit?
We hope that traders take the arguments in our Maxwell Solutions Holding Pte Ltd review seriously. We have demonstrated that this project is run by the creators of already known scam brokers. Their methods remain unchanged — using the name of an existing firm to mask the activities of a virtual company, providing illegal services without a license, and posting false information on the site. Many beginner traders have already fallen victim to the scam, and today they are being lured into a new trap. To safeguard your funds, do not deposit any money into accounts on this platform and, better yet, forget it altogether.
The terminal at Maxwell Solutions Holding Pte Ltd is simply amazing! Trades go into profit only after you send extra funds, and when you don’t listen to the expert’s advice and decide that $2,000 in the account is enough, there’s no profit at all. This cycle is endless, and the only solution is to exit. When I tried to withdraw the remainder, I was told that I first had to make various payments: for insurance, fees, etc. There are no guarantees that I’ll get my money back afterward, so I decided to stop funding these scammers!
You cannot withdraw any money, they bring excuses. And then they stop calling and disappear but in their fake page still your account exist. Fake page fake account.
Do not use this firm. You will lose money. They are corrupt to the core. The only thing they are brilliant at is scamming people.