Maxitrade is a forex broker that many people have used before. But, according to the statistics more than half of the people using Maxitrade have a complaint about them.
However, the perks you will get for opening large accounts (higher bonus, account manager, etc.) are not worth it in our opinion and besides, this is a new, offshore broker, with questionable regulation so we don’t recommend sending a big chunk of money. Every trader is given the ability to track his or her money and is made privy to even the most minimal advantage. MaxiTrade wins the competition as it permits customers to work without paying commissions.
Brokers that are under strict rules and regulations themselves. The best way to trade is to make use of trustworthy brokers. And, Maxitrade isn’t one of the most trustworthy brokers out there. Not all brokers and offers are regulated in the United States of America.
You can start trading with a minimum deposit of ONLY $10! Read our IQ Option review. When the Scam Broker Investigator reviews a Forex broker to see if they are a scam or legitimate, we look for a valid brokers license. The main reason investors always use a licensed and regulated broker is to be sure that your funds are safe and kept in segregated accounts. Our review of the Forex / CFD broker Maxitrade shows, that they offer investors their very own custom trading platform.
Don’t expect to be a pro using it the first time, but it will be fairly easy to get used to. At the time of writing, they had about 268 signals available right on the platform and I am sure this will appeal to many people. On top of the XCritical platform, Maxitrade also offers Meta Trader 4 (both downloadable and web-based), which is a nice addition. Maxitrade is an offshore FX and CFD broker that offers a large asset basket composed of currencies, indices, commodities, stocks, and cryptocurrencies.
In different countries, regulators have their own approach to the Forex market, so it is not always fully https://maxitrade.trade regulated everywhere. Unfortunately, unscrupulous market participants are taking advantage of this.
MaxiTrade offers several types of accounts that offer various services depending on the size of the deposit. The logic is that the customers who deposit higher amounts to trade with the broker maxitrade.trade also get preferential treatment. Perks range from bonuses, faster withdrawals and analyst support. Below we present the overview of the accounts. ScamBroker.com is a Broker Reviews Website.
Regulators have long adopted the rules of the game of the Forex market and they seek to stringently follow their strict position in relation to brokerage companies. The desire is fair, since scam projects and fraud are widespread in the industry. However, licensed international Forex brokers who already have a reputation may be disadvantaged.
- It would be more logical if the premium account holders got their plans updated more frequently to reflect changes on the market.
- Lack of information is a big red flag since you don’t know who will be dealing with YOUR MONEY. This is the reason why MaxiTrade is a dangerous broker to deal with.
- You will even have two customer support emails that you can use.
- Brokers that are under strict rules and regulations themselves.
- are provided for any budget and professional level of the trader.
Forex, CFDs and Binary Options carry a high level of risk. Leave your email address to receive notifications about new reviews and posts concerning Maxitrade. Help is available for you to recover your funds from Maxitrade. The only thing that you need to know is where you can get that help.
MetaTrader is really a global standard for forex and CFDs traders, and even its web-platform offers excellent features for trading – from advanced charting tools to special trading settings. This was a really good choice by MaxiTrades. It seems that there is only web trader version available, meaning that there is no client app to download, at least not one we could find.
I want to draw your attention to the fact that Maxitrade broker offers unique bonus conditions . Turnover requirement is 5 times of the bonus amount only! You can remove bonus from trading account at any time without any restrictions! All generated profit will remain on your balance and can be withdrawn at your request. Trading is a very profitable and money sphere.
In addition, it is possible to open and close transactions by phone. Considering the financial advantages, we want to note that MaxiTrade offers the most favorable trading conditions in comparison to the other two companies. The minimum deposit amount is $500.00 and using leverage, this amount may be increased several times. The trader is allowed very low spreads, starting from two pips, allowing them to maneuver without much loss. MaxiTrade has a large number of financial instruments that makes it possible to work with quotes of precious metals and oil.
I liked this broker from the first day…
No, it is not safe to trade with MaxiTrade. MaxiTrade is owned by Strategy One Ltd., which is an offshore company registered in St. Vincent and the Grenadine. Any opinions, news, research, predictions, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. FX Trading Revolution will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
This is a pretty decent setup, however, the trading conditions are terrible. Spreads are huge and commissions very high. It pays much more to trade with a broker such as IQoption, which offer all these on a regulated platform, which, however, is not MT4. The bonus is a controversial topic in online trading. It was so badly abused in recent years that 2 years ago CySEC acted on it and ordered all Cyprus regulated brokers to stop offering them.
Minimum deposit to use MaxiTrade broker and trade on the financial market is $250. This broker claims that their goal is to become a reliable and recognizable cryptocurrency broker available to every trader at the market.