In 1975 her family moved to Ústí nad Labem, where she finished her basic school focussed on sport and athletics in 1985.
After passing her entrance exams she started her studies at the Gymnasium Grammar School Budějovická in Prague. After her school leaving exam in 1989 she was enrolled by the Faculty of Law of Charles University. After two years, shortly after the Velvet Revolution, she left for Paris.
During her career, she worked with photographers including Patrick Demarchelier, Mario Testino and Peter Lindberg.
She has appeared on the front of magazines including British Vogue, Elle, Marie Claire and Cosmopolitan. She also modelled for Dior, Chanel, Prada, Gucci, Yves Saint Laurent and Ralph Lauren.
She appeared in advertising campaigns for brands including Marks & Spencer, the Czechoslovakian football team, Škoda, Karl Lagerfeld, Donna Karan, Hermes, Louisiana Perla, Vichy, Oriflame and L"Oréal. In February 2009, she appeared on the British television show Piers Morgan on.., in the programme on Monaco.
In 1997, Maxová established the Tereza Maxová Foundation in aid of underprivileged children in the Czechoslovakian Republic.
On 18 March 2000, Maxová married Danish tennis player Frederik Fetterlein. In September 2000, Maxová gave birth to a son named Tobias Joshua Fetterlein. Maxová gave birth to a daughter Mína Öymen Maxová in May 2009 in Prague.