Score
Indonesia
|
2-5 years
| https://www.maxco.co.id/
Website
Rating Index
MT4/5
Full License
Maxco-Real
Influence
C
Influence index NO.1
Indonesia 3.14
MT4/5 Identification
Full License
IndonesiaInfluence
C
Influence index NO.1
Indonesia 3.14
Licenses
Single Core
1G
40G
1M*ADSL
Indonesia
Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong
maxco.co.id Indonesia
VIP is not activated.
| Maxco Review Summary | |
| Founded | 2-5 years |
| Registered Country/Region | Indonesia |
| Regulation | Regulated |
| Market Instruments (70+) | Forex/Metals/Futures/CFD-Stock |
| Demo Account | ✅ |
| Leverage | Up to 1:500 |
| Spread | Variable |
| Trading Platform | MT4, WebTrader and Mobile App |
| Min Deposit | $100 |
| Customer Support | Email: cs@maxco.co.id |
| Phone: +62 21 720-5868 | |
Maxco is a broker registered in Indonesia. The tradable instruments with a maximum leverage of 1:500 include forex, metals, futures, and CFD-stock. The broker also provides demo and real accounts. This brokerage provides various spreads, which can be tight, and the minimum deposit is $100. Although MaxCo is regulated by the JFX, risks cannot be avoided completely.
| Pros | Cons |
| Regulated | No 24/7 customer support |
| Leverage up to 1:500 | No copy trading information |
| MT4 available | |
| Demo account available | |
| Various tradable instruments |
Maxco is regulated by JFX under the Retail Forex License and license number SPAB-057/BBJ/12/03. However, it also claims to be regulated by BAPPEBTI under license number 353/BAPPEBTI/SI/V/2004, which should be verified.
Maxco offers over 70 trading instruments, including forex, metals, futures, and CFD-stock.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Metals | ✔ |
| CFD-Stocks | ✔ |
| Futures | ✔ |
| Cryptocurrencies | ❌ |
| Precious Metals | ❌ |
| Commodities | ❌ |
| Shares | ❌ |
| ETFs | ❌ |
| Bonds | ❌ |
| Mutual Funds | ❌ |
Maxco provides a real and a demo account. The real account supports trading in US dollars and Indonesian rupiah. Novices can use the demo account, which provides up to $10,000 in virtual funds and is valid for one month, and applies to all trading platforms.
| Account Type | Real | Demo |
| Commission | $1 per lot | - |
| Leverage | 1:500 | - |
| Currency | USD, IDR | - |
Maxco provides variable spreads. The commission is $1 per lot. The lower the spread, the faster the liquidity.
The maximum leverage is 1:500,meaning that profits and losses are magnified 500 times.
Maxco has various trading platforms, including WebTrader, which doesn't require the installation of additional software, Trade On Mobile, and MetaTrader 4, which is suitable for use on mobile phones and tablets.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Web(Windows)/Mobile(iOS/Android) | Beginners |
| WebTrader | ✔ | Web | All |
| Maxco Apps/Desktop | ✔ | Mobile/Desktop | All |
The minimum deposit is $100. Maxco accepts both Indonesian Rupiah and US Dollar currency types for deposit and withdrawal. The time taken for a deposit to be updated in a trading account depends on the deposit method used and the Account Settings. Funds can be deposited on working days. The withdrawal processing times are carried out on business days only, and traders can make multiple withdrawals before 6:00 PM on working days. Besides, traders can make deposits and withdrawals on the same day, and associated fees are not charged.
Maxco provides customers with a variety of promotional activities and rewards. For example, in the trading festival activities, customers can collect tickets by trading on the platform and have the opportunity to win prizes, exclusive electronic products, and shopping vouchers. All new customers can receive a welcome bonus worth 300,000 Indonesian rupiah, which helps new customers reduce costs in the initial stage of trading.
Yes, Maxco is regulated by the Jakarta Futures Exchange (JFX) under the Retail Forex License with license number SPAB-057/BBJ/12/03. Additionally, it claims to be regulated by BAPPEBTI under license number 353/BAPPEBTI/SI/V/2004. However, it is important to verify this as no independent confirmation of BAPPEBTI's regulation is available online.
Maxco processes withdrawals during business days. Withdrawals are typically completed within one business day, and traders can make multiple withdrawals on the same day before 6:00 PM. There are no associated withdrawal fees. However, it's important to note that the withdrawal time can vary depending on the method used.
Maxco is a legitimate broker that operates under the regulation of JFX and claims to be regulated by BAPPEBTI. This ensures that it adheres to certain financial and operational standards. However, trading inherently carries risks, and users should be aware that the level of investor protection may vary.
Maxco offers a maximum leverage of 1:500, allowing traders to control a larger position than their deposit. This high leverage can increase potential profits, but it also amplifies the risks of significant losses, so it should be used cautiously.
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santos4154
Indonesia
Low slippage and fast withdrawal
Positive
doudu
Colombia
Entered the trading sphere all the way from Indonesia under the firm regulation of JFX. Navigated through variable spreads, keeping things interesting. Loved the Desktop Trading Platform and the classic MetaTrader 4. Dived into trading stocks - a modern gold rush. Their demo account, filled with virtual funds, was a safe playground to test the waters. And a shout-out to their efficient payment methods - Bank transfers were a breeze! As a cherry on top, they have dynamite educational tools like videos and news articles - perfect for those looking to up their trading game!
Positive
FX1489185494
Indonesia
Jumped into the vibrant trading scene of Indonesia, with the JFX as the watchguard. Pedal to the metal with a 500:1 leverage - a thrill-seeker's dream! Traded using their WebTrader and Mobile App - the convenience of trading on the go! Wrapped my head around Forex, metal, and futures - quite a cocktail of trading options. Their real account is quite the real deal, and their customer support is just a phone call away! And can I just add, the educational tools are pretty neat - great for staying updated with trade lingo and news.
Positive
FX1473030999
Australia
Maxco is a comprehensive forex trader offering a wide range of products, including forex, metals, futures and stocks. The trader's trading platform is stable and supports MetaTrader4 trading on different devices. The dealer is regulated by JFX, which guarantees the safety of its trades and funds. Trading fees are relatively reasonable, and trading leverage is high. At the same time, the dealer also provides clients with a variety of channels for cash in and out. But language support is limited,
Positive
FX1473030999
Australia
But language support is limited, only in English and Indonesian. In general, Maxco is a trusted forex dealer and one that forex practitioners should consider and experiment with.
Positive
Akang
Indonesia
legally regulated Indonesian brokers, fast Deposit and Withdrawal processes, using local bank methods. The advantage is that there is an option to open an account for foreign nationals. There are 2 fix rate options, $1 (Rp. 10,000), 1$ (Rp. 12,000)
Positive