Max Forex Trade initially claims that its entity, Max-Forex Trade Limited, is regulated by the Seychelles Financial Services Authority (FSA) under license number SD001. However, our search of the Seychelles FSA’s official register did not reveal any entity by that name under the specified license. Additionally, the platform states that Max-Forex Trade is a trade name of Sublime Innovations Ltd, which is supposedly licensed by the Cyprus Securities and Exchange Commission (CySEC). Yet, our verification within CySEC’s regulatory database also failed to confirm that Sublime Innovations Ltd is an authorized or regulated entity. Given that both of Max Forex Trade’s regulatory claims are false and entirely unverifiable, Max Forex Trade appears to be a fraudulent operation.