coinmaxtrader claims to be a trustworthy firm while presenting no details about its regulations. Lacking regulatory information may be a distinct characteristic of unlicensed brokers, as legit brokers always present their certificates and licenses in a prominent position. It is a red flag here.

Besides, coinmaxtrader shows its company address is in the United States. As per United States law, US residents and citizens are only permitted to operate with NFA-regulated forex brokers. Firms and individuals, who need to possess the relevant regulation issued by the National Futures Association (NFA), will be allowed to solicit or approach US citizens. However, we did not find any match results to coinmaxtrader in NFA. That means coinmaxtrader is not under valid regulation to do forex by any regulators. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.

BrokersView found the domain "https://www.coinmaxtrader.com/" is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.