After presenting a general setting in which to look at forcing axioms, we give a hierarchy of generalized bounded forcing axioms that correspond level by level, in consistency strength, with the members of a natural hierarchy of large cardinals below a Mahlo. We give a general construction of models of generalized bounded forcing axioms. Then we consider the bounded forcing axiom for a class of partially ordered sets Γ 1 such that, letting Γ 0 be the class of all stationary-set-preserving (...) partially ordered sets, one can prove the following: (a) $\Gamma_0 \subseteq \Gamma_1$ , (b) Γ 0 = Γ 1 if and only if NS ω 1 is ℵ 1 -dense. (c) If P $\notin \Gamma_1$ , then BFA({P}) fails. We call the bounded forcing axiom for Γ 1 Maximal Bounded Forcing Axiom (MBFA). Finally we prove MBFA consistent relative to the consistency of an inaccessible Σ 2 -correct cardinal which is a limit of strongly compact cardinals. (shrink)