GreyMax Capital Review
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Review
Fast Facts
Contact Info and Support
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About GreyMax Capital
GreyMax Capital operates via the website greymax.net and offers three types of trading accounts—Beginner, Amateur, and Professional—with minimum deposits of $250, $1 000, and $25 000 respectively, and corresponding maximum leverage of 1:20, 1:50, and 1:100. It claims to offer instant execution, trading in cryptocurrencies and metals, and features like deposit insurance, protection of deposits, and 24-hour personal support. The platform also states that it provides “transparent regulation” and lists more than 200 trading instruments.
The Cyprus Securities and Exchange Commission (CySEC) added GreyMax Capital (greymax.net) to its warning list for unauthorized operation, noting that the site does not belong to any CySEC‑licensed entity. The Financial Conduct Authority (FCA, UK) has issued a warning that greymax.net is a clone firm impersonating a genuine authorised firm. The genuine firm is Greymax Capital LTD, FCA Firm Reference Number 940887, located at The Sorting Office, 2a St Georges Road, London, NW11 0LR, United Kingdom. The clone firm uses the address 10 Queen Street Place, London, EC4R 1AG, telephone numbers +44 7451 262269, +44 7441 474720, +44 7441 475527, and email in the domain greymaxltd.email. There is no connection between the clone and the genuine authorised firm. Dealing with the clone means no access to the Financial Ombudsman Service or protection under the Financial Services Compensation Scheme.
The claims of “transparent regulation” by GreyMax Capital are demonstrably false and in direct conflict with regulatory findings, which must take precedence. There is no evidence of regulation by CySEC, Belize FSC, or Mauritius FSC despite website assertions.
Pros and cons
Pros
- Offers tiered account types with clear minimum deposits and leverage levels as stated on its site.
- Covers trading in cryptocurrencies and metals, with claims of instant execution and deposit insurance.
Cons
- Not regulated by any reputable authority; listed as unauthorized by CySEC and identified as a clone firm by the FCA, impersonating an FCA-authorised entity with FRN 940887.
- No legal protection—clients would lack recourse through ombudsman or compensation schemes.
- Website’s claims of regulation are false and contradict official regulator findings.
