The International Financial Services Commission of Belize (IFSC) on Thursday published a warning against Maxim Capital Limited, which claims to be licensed by the Belize financial regulator.
The company, also known as Maxim Trader, offers Forex services to clients in Europe and Asia.
The IFSC notes that Maxim Capital Limited is not licensed by it or any other competent authority in Belize to engage in Trading of Foreign Exchange or any other international financial services regulated by the IFSC.
The regulator advises all persons concerned to take note and exercise extreme caution.
The warning from the regulator of Belize comes after similar warnings issued against the same broker earlier this year in other jurisdictions. For instance, the Hong Kong Securities and Futures Commission (SFC) added Maxim Capital Limited, aka Maxim Trader, to its Alert List in May 2015.
To view the official text of the IFSC warning against Maxim Capital Limited, click here.