By Alexis R. Milan
The International Financial Services Commission of Belize (IFSC), last week, published a warning against Maxim Capital Limited, a suspicious company which claims to be licensed by the Belize financial regulator.
The company, also known as Maxim Trader, offers foreign exchange (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 service regulated by the IFSC.
The regulator has advised the international financial community to take note and exercise extreme caution when dealing with the company.
The warning from the IFSC comes after similar warnings were issued against the same broker earlier this year in other jurisdictions. The Hong Kong Securities and Futures Commission (SFC) added Maxim Capital Limited, also known as Maxim Trader, to its Alert List in May 2015.