MaxifyFX Review: 81% Five-Star Reviews and a Rating Trustpilot Took Away

MaxifyFX publishes FSCA licence 54512, which is an FSP number. Under South African law an FSP licence does not permit a firm to issue or write CFDs as principal; that requires a separate OTC Derivative Provider authorisation, which MaxifyFX does not quote. Trustpilot has removed its rating for a guidelines breach and deleted fake reviews from a profile that is 81% five-star. We score it 2.4 out of 10.

Quick facts

Why we rated it Scam

1. The licence number does not authorise what the firm does

MaxifyFX publishes FSCA licence 54512 against Maxify Group (PTY) Ltd. The FSCA is South Africa’s Financial Sector Conduct Authority, a real regulator, and 54512 is an FSP number issued under the Financial Advisory and Intermediary Services Act.

Here is the part that matters, and it is not a technicality. Under South African law, an FSP licence permits a firm to give advice and provide intermediary services relating to derivatives. It does not permit a firm to issue, sell or make a market in CFDs as principal. That activity requires a separate authorisation under the Financial Markets Act, as an OTC Derivative Provider. South African compliance guidance states the position plainly: a FAIS licence does not mean an FSP may issue or write CFDs as principal.

MaxifyFX is a CFD broker. It quotes an FSP number and no ODP authorisation anywhere we could find. If it holds one, publishing it would settle the question in a sentence. Until then, the credential on display does not cover the business being conducted, and a prospective client reading “FSCA License 54512” has no way of knowing that.

Source: maxifyfx.com corporate disclosure, checked 2 September 2026. South African licensing position per FSCA guidance on FAIS and Financial Markets Act requirements for OTC derivative providers.

2. Trustpilot removed a rating that was 81% five-star

This is the finding that moves the score, and it runs the opposite way to most of the brokers on this site.

MaxifyFX’s Trustpilot profile carries 337 reviews. 81% of them are five star and 13% are one star. Trustpilot has made the rating unavailable due to a breach of its guidelines and states it has removed a number of fake reviews for the company.

Read that carefully. When a broker with a one-star profile loses its rating, the manipulation was an attempt to bury complaints. When a broker with an 81% five-star profile loses its rating, the reviews that were removed were the positive ones. The score was not taken away because customers were angry. It was taken away because the praise was not real.

The remaining negative reviews describe accounts archived without warning, profits withheld from closed trades, allegations of price manipulation, and withdrawal complications. Only 11 reviews have arrived in the last twelve months, so the profile is largely historic.

Source: Trustpilot profile for maxifyfx.com, checked 2 September 2026.

3. Three jurisdictions and two company numbers for one brand

MaxifyFX publishes a South African entity, Maxify Group (PTY) Ltd, with company registration 2024/240737/07 alongside FSCA 54512. It also publishes a Saint Lucia registration, 2023-00670, at The Sotheby Building, Rodney Bay, Gros-Islet. And it publishes an operational address in Alexandria, Egypt.

None of those is improper on its own. Together they leave a basic question unanswered: which entity actually receives a client deposit and holds the money. That is the single most important fact in any broker relationship, because it determines who you have a claim against and which courts hear it. A client should not have to guess.

Note also that the Saint Lucia address is the same building, and the same floor, as the registered address of Versus Trade, another broker we have reviewed. We record that as an observation and assert no connection: The Sotheby Building in Rodney Bay is a known registered-agent address hosting many international business companies, so a shared address there is far weaker evidence than it would be elsewhere.

4. Who it will accept

MaxifyFX states it does not serve the United States, Myanmar, North Korea or Iran. The European Union and the United Kingdom are not on that list. A firm whose only quoted credential is a South African FSP number, which does not authorise issuing CFDs even in South Africa, is willing to onboard EU and UK residents who have no local regulator with jurisdiction over it.

Costs, and the part MaxifyFX does well

We should be fair about this. MaxifyFX publishes more about its commercial terms than most brokers on this list: minimum deposits of $15 Standard, $500 EA and $4,500 Zero; spreads from 0.1 pips on the Zero account up to 0.6 and 2 points elsewhere; maximum leverage 1:300; and MetaTrader 5 and cTrader as platforms. Those are real, checkable figures and the cost and platform pillars reflect them honestly.

Published pricing tells you what trading costs. It tells you nothing about whether a withdrawal completes, and the review record is where that question is answered.

If you already have money with MaxifyFX

We are not a recovery service and we take no fee from anyone who is.

• Put the withdrawal request in writing through the platform and keep a timestamped copy.
• Do not deposit more to release it.
• Check the payment descriptor on your bank statement and record which entity it names, because three are in play.
• If you funded by card, ask your bank about a chargeback now.
• Complain to the FSCA in South Africa, quoting FSP 54512, and to your own national regulator.
• Treat any inbound offer to recover your money for an upfront fee as a second fraud.

Questions traders ask

Sources

• maxifyfx.com corporate disclosure and account pages: Maxify Group (PTY) Ltd, FSCA 54512, South African registration 2024/240737/07, Saint Lucia registration 2023-00670, Alexandria address, deposits, spreads, 1:300 leverage, platforms and excluded jurisdictions. Checked 2 September 2026.
• Trustpilot profile for maxifyfx.com: 337 reviews, 81% five star, 13% one star, rating unavailable due to a guidelines breach, fake reviews removed. Checked 2 September 2026.
• South African licensing framework: FAIS Act FSP licences versus Financial Markets Act OTC Derivative Provider authorisation for firms issuing CFDs as principal.

Answered in detail

Safer alternatives

Rated Trusted or Neutral against the same six pillars. These link to our own reviews, not to the brokers, and no broker can pay to appear here.

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