MaxFX shutting down, but… | What's the status of this company?
Once again, we have news about a broker scheduled to cease all its operations soon. However, the situation concerning MaxFX is a bit different than with most other companies that go under in this industry. For starters, we got the warning from them in advance, which can tell you immediately that this is a planned move. This, in turn, means that the reason for this is not the fact that the company is not doing well. So, what could be the cause for MaxFX shutting down? Well, that's what we're here to show you. Stick around and keep reading because this is actually a very interesting story and the things are not that bad as you might think. Let's go!
What is this all about? Well, we have received information about MaxFX shutting down on June 29, 2018. Therefore, you have about a month to sort everything out if you have an account with this company. Close the trades you have open and send in your withdrawal requests. If you don't do the latter, the broker will refund you via your original payment methods. Therefore, unlike other failing brokers, this one WILL reimburse you and make sure everything is in order prior to them ceasing all operations. In other words, these people are still pretty much in control of everything that's going on. But why would they close their website then? We'll explain that in the next part of this text. The reason is actually a pretty good one.
The reason for MaxFX shutting down is the fact that they are essentially rebranding. After June 29, they will be known exclusively as Fondex and will operate under TopFX Ltd. So, in a way, the company actually remains the same, only with a different name and website. What is especially impressive about Fondex is that they have already secured a CySEC license and offer no less than 1000 different instruments. If this has intrigued you and you don't want to stop trading with these guys just because they're moving, you can simply request that your funds be transferred to a brand new Fondex account. Simply contact MaxFX support before they close down for good and arrange everything with them. Nice and simple, these people have thought of everything.
Starting with June 29, MaxFX will be closed. You will not be able to conduct any more trades on their website, and all funds will be returned to traders. However, this is not due to this brokerage having to deal with financial difficulties, but because they are simply moving all their business to another website and will operate under new name (Fondex) from that day on. A great thing about how all of this is being handled is that you can easily transfer your funds to the new broker's website, so this whole situation needn't bother you a bit. But if you want more options on the market, simply browse our website a bit and you'll find the perfect trading partner in no time at all.