ProMax (promaxtrading.com) puts “FCA Regulated” and “CySEC License” badges on its homepage, next to “TRUSTED BY 500,000+ TRADERS” and “Best Broker ’26”. Scroll to the legal line and the company behind it is Promax Trading Limited, registration 2024-00683, in Saint Lucia.
ProMax badges against the legal line
| Homepage badge | Legal footer |
|---|---|
| “FCA Regulated” | No FCA reference number |
| “CySEC License” | No CySEC licence number |
| “Multi-body Regulated” | Saint Lucia company 2024-00683 |
| “500,000+ traders” | Company registered in 2024 |
A firm regulated by the FCA must show its firm reference number, and a CySEC firm must show its licence number. ProMax shows neither. Its registered address, the Sotheby Building in Rodney Bay, is the same one used by Ester Holdings and No Limit Markets.
Had profits deducted by ProMax?
Send us your account number and the deduction notice.
The complaint: profits removed for “hedging”
A trader with MT5 account 897749 filed a formal complaint in August 2026. He deposited $500 on 27 July 2026, built profits, and then saw them deducted on an allegation of “internal hedging”, which he says was false. He added that the company presented itself to him as FinCEN/MSB registered, a US money-services listing that does not authorise anyone to offer trading.
“Hedging” and “abuse” clauses let a broker cancel profits after the fact. They are legitimate only when a regulator can review how they were applied. With no regulator behind ProMax, the client has nobody to appeal to.
| Domain first registered | 26 December 2019 |
|---|---|
| Company registered | 2024 (Saint Lucia) |
| Complaint date | August 2026 |
⚠ ProMax red flags
- FCA and CySEC badges with no numbers.
- Saint Lucia company behind the brand.
- Profits deducted for alleged hedging.
- Shared address with other flagged brokers.
Ask ProMax for the specific trades it treats as internal hedging, with ticket numbers and times, and for the clause that allows profits to be deducted. Keep your MT5 statement exactly as it stood before the deduction. A US money-services registration, which the trader says ProMax mentioned, covers money transmission; it is not a licence to run a forex brokerage.
Sources: trader complaints published on an independent forex review forum (August 2026); promaxtrading.com (checked 27 October 2026); RDAP registration record. General information only.
