MSMAX Journal (Broker out of business)
Journal status: closed MSMAX out of business |
MSMAX Profile
Website
www.msmax.com
Year
2021
Country
SVG
Branches
1
Regulation
not regulated
Registration
FSA SVG
Investor protection
Fund protection
no
Publicly traded
no
Restricted in
Not serving
...
Broker type
STP, ECN marketing
Dealing book
A-book
Tier
3
Execution speed
300 ms
LPs total
...
LPs quality
...
LPs names
...
MSMAX Accounts
STP
ECN
Minimum Deposit
1000 $
10000 $
Leverage
100 : 1
100 : 1
Minimum Lot
0.01 lots
0.01 lots
EURUSD spread
0.5 pips
0.5 pips
Commission
0 $/lotRT
20 $/lotRT
Volume
50 lots
50 lots
Margin Call
30 %
30 %
Stop Out
10 %
10 %
Execution
Market
Market
Spread
floating
floating
Scalping
yes
yes
Deposit & Fees
Deposit methods
Paytrust, Perfect Money, Tether
Base currency
USD
Segregated accounts
...
Interest on margin
no
Inactivity fee
after ... months
Update broker |
Is MSMAX safe?
- Investor protection: no
- Regulation: not regulated
- Registration: FSA SVG
- Publicly traded: no
- Segregated account: ...
- Guaranteed Stop Loss: no
- Negative Balance Protection: ...
Is MSMAX trusted?
- Information transparency: limited
★★ - Customer service: virtually non-existent
★ - MSMAX website: semi-detailed, updated
★★★ - MSMAX popularity (by visitor count): low visits
★★
How MSMAX works
Our offer Straight-through-processing (STP) which automatically sends orders directly from the trader to the liquidity provider without passing orders through a dealing desk. It ensures that orders are processed instantly, devoid of delays and requotes. It also eliminates the conflict of interests between the broker and the client.
https://www.msmax.com/Index/Company/About_us
No requotes
All MSMAX accounts use Market Execution of orders. Orders are executed at factual market prices, requotes are impossible.
Orders are executed within the NDD (Non-Dealing Desk) and STP (Straight Through Processing) technologies – so they are offset directly into the systems of the liquidity providers.
All MSMAX accounts use Market Execution of orders. Orders are executed at factual market prices, requotes are impossible.
Orders are executed within the NDD (Non-Dealing Desk) and STP (Straight Through Processing) technologies – so they are offset directly into the systems of the liquidity providers.
https://www.msmax.com/Index/Condition/Execution_Policy
ECN account
ECN (Electronic communication Network) account is a choice of professional traders who want the best possible trading conditions. The ECN account allows buyers and sellers to trade directly without any middlemen. To open the ECN account, you need to make an initial deposit of $10,000...The main benefits of the ECN account are the fastest market execution, low spreads (from 0 pip), best quotes with no delay, and a large number of liquidity providers. Say ‘good bye’ to all the trading limits and have an endless number of open positions and pending orders. The spread on the ECN account is ultra-competitive, hence MSMAX requires a commission of $20.
ECN (Electronic communication Network) account is a choice of professional traders who want the best possible trading conditions. The ECN account allows buyers and sellers to trade directly without any middlemen. To open the ECN account, you need to make an initial deposit of $10,000...The main benefits of the ECN account are the fastest market execution, low spreads (from 0 pip), best quotes with no delay, and a large number of liquidity providers. Say ‘good bye’ to all the trading limits and have an endless number of open positions and pending orders. The spread on the ECN account is ultra-competitive, hence MSMAX requires a commission of $20.
https://www.msmax.com/Index/Type/ECN
1. Processing Customer orders.
1. For conducting trades the Instant Execution quoting mechanism is used.
The maximum number of deals opened simultaneously is not limited. Yet, the Company reserves the right to impose obligatory restrictions upon the number of orders opened.
1. For conducting trades the Instant Execution quoting mechanism is used.
The maximum number of deals opened simultaneously is not limited. Yet, the Company reserves the right to impose obligatory restrictions upon the number of orders opened.
https://www.msmax.com/Index/Company/Terms
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