Maxco Review 2025: Institutional Audit & Risk Assessment

Executive Summary

Maxco (PT Maxco Futures) currently holds a WikiFX Score of 7.06, indicating a robust safety rating within its operational jurisdiction. The entity is Regulated, operating under the strict oversight of Indonesian financial authorities. Based on the available data, Maxco presents as a secure entity for traders specifically targeting the Indonesian market or those comfortable with its specific regulatory framework. The broker combines high-leverage offerings with a “Main Label” trading infrastructure, suggesting a focus on operational stability, though its services are heavily localized to the Southeast Asian region.

Quick Take: Pros and Cons

The following checklist synthesizes the broker's operational strengths and weaknesses based on regulatory filings and technical specifications:

• ✅ High Regulatory TRUST: Valid licenses from BAPPEBTI and JFX (Jakarta Futures Exchange).
• ✅ Main Label License: Operates its own MT4/MT5 server infrastructure rather than a generic white-label solution.
• ✅ Competitive Leverage: Offers high leverage ratios up to 1:500 for capital efficiency.
• ✅ EA Compatibility: Fully supports Expert Advisors (Automated Trading) and Scalping.
• ❌ Geographic Limitation: Influence is concentrated almost exclusively in Indonesia (Rank C).
• ❌ Account Limitations: Only one account type (“Real”) is disclosed, limiting customization for different trader tiers.
• ❌ Security Gaps: Trading software lacks modern biometric authentication (FaceID/Fingerprint).

Regulatory Compliance & Safety Profile

A fundamental component of this audit is the verification of the broker's legal standing. Maxco operates under a “Dual-Agency” oversight model specific to the Indonesian financial system.

License Verification

The entity PT Maxco Futures is fully authorized by the primary regulatory bodies in Indonesia:

1. BAPPEBTI (Badan Pengawas Perdagangan Berjangka Komoditi):

• License Type: Futures Trading Regulatory Agency.
• License No: 353/BAPPEBTI/SI/IV/2004.
• Status: Regulated.

1. JFX (Jakarta Futures Exchange):

• License Type: Spot and Futures Exchange Membership.
• License No: SPAB - 057/BBJ/12/03.
• Status: Regulated.

Trading Infrastructure & Costs

Our audit of the trading environment reveals a structure designed for experienced retail traders rather than passive investors.

Leverage Policy

Maxco offers a maximum leverage of 1:500.

In the context of global regulation, this is considered a high-leverage offering. While advantageous for traders utilizing small initial capital to control large positions, it introduces significant risk. Unlike the FCA (UK) or ASIC (Australia) which cap retail leverage at 1:30, the BAPPEBTI framework allows for this flexibility. Traders must exercise strict risk management, as 1:500 leverage can deplete account equity rapidly during volatile market swings.

Software Architecture

The broker utilizes the MetaTrader 4 (MT4) platform. Crucially, the audit data indicates Maxco holds a “Main Label” license (Qualifying State 11).

• Main Label vs. White Label: A Main Label license confirms that Maxco owns and administers its own server infrastructure directly from MetaQuotes. This is superior to a “White Label,” where a broker rents a partition of another broker's server. Main Label status generally implies higher liquidity depth, faster execution speeds, and greater control over technical stability.
• Security Note: While the platform infrastructure is robust, the audit notes a technical deficiency: the software currently lacks biometric identification (fingerprint/face recognition) for mobile logins, which falls behind modern cybersecurity standards.

Account & Cost Structure

The account offering is streamlined to a single “Real” account.

• Spread Type: Variable. This indicates spreads fluctuate with market liquidity, often tightening during liquid sessions (London/NY overlap) and widening during news events.
• Strategy Permissibility: The broker explicitly allows Scalping and EA (Expert Advisor) transactions. This openness to high-frequency and automated strategies confirms that the broker likely utilizes an STP (Straight Through Processing) or ECN execution model, as dealing desk brokers typically restrict scalping to prevent toxicity.

Influence & Market Position

Maxco holds an Influence Rank of C, with its market presence overwhelmingly concentrated in Indonesia.

• Search Analytics: Over 96% of search traffic originates from Google, indicating organic interest.
• Implication: For international traders, this regional focus suggests that support hours, banking rails, and legal protections are optimized for Indonesian residents. International clients may face friction regarding cross-border fund transfers or time-zone aligned support.

Final Verdict

Maxco (PT Maxco Futures) passes the institutional audit as a legitimate, regulated entity within the Southeast Asian jurisdiction. With a WikiFX Score of 7.06, it distinguishes itself from high-risk offshore entities through valid BAPPEBTI and JFX licensing. Cultivating a “Main Label” MT4 environment demonstrates a commitment to technical stability and financial solvency.

However, the broker is best suited for traders who require high leverage (1:500) and are comfortable with a regionally focused regulatory framework. The lack of account diversity and biometric security features remains an area for improvement.

Recommendation: Secure for verifying Indonesian residents; International traders should verify if their local jurisdiction permits onboarding.