MaxiTrade Review: Is MaxiTrade a Scam or Legit Broker
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. MaxiTrades uses the MT4 web trader. 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.
When a broker isn’t registered and regulated, it means that they can set up their own rules and regulations. It doesn’t need to be the regular rules and regulations that a broker needs to have. And, they can change Maxitrade cheating their rules and regulations as they please. Meaning that you will never know for sure if you are doing everything according to their rules and regulations. It is important to only use brokers that are regulated.
It would be more logical if the premium account holders got their plans updated more frequently to reflect changes on the market. In our opinion, pretty useless hook. them immediately and try to get your fund out. If the Maxitrade has done the following, you have probably a victim of Maxitrade scam broker.
We all know the danger in using brokers that are unreliable and untrustworthy. And, we need to make sure that we know if we can trust them or not. People start to smell the scam when they can’t withdraw funds, or suddenly their money has been be traded away. There’s many strategies the scam companies use to steal your money – but it doesn’t mean you can’t effectively fight back. Of course, you’ve probably tried to ask the broker politely to simply return your money, and it obviously didn’t work.
Regarding orders execution model, Maxitrade is a b-book broker (market maker). Maxitrade offers trading of cryptocurrencies only. Maxitrade is regulated by the FSA (St. Vincent and the Grenadines). 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.
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Usually, regulated brokers are not scams but there’s a grey area in this case because on one hand Maxitrade is registered with a financial watchdog but on the other hand, said the regulator is not known as feared supervision authority. In fact, this is a non-governmental organization and basically, anyone can get a certificate from them https://maxitrade.space as long as they pay a fee and fulfill a few other requirements. Maxitrade is an offshore FX and CFD broker that offers a large asset basket composed of currencies, indices, commodities, stocks, and cryptocurrencies. The website is owned by Market Solutions Ltd., which is a company registered at Kingstown, St. Vincent and the Grenadines.
However, we need to tell that the trading conditions are not that great for South African traders. Spreads with this broker are really high and commissions are huge. 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!
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they didn’t teach me how to trade. Now, I almost lose my money, only $2,000 US DOllar left on my account. but this company just show that even with the small money left on my account ($2,000) they won’t give it back to you.
- The best way to trade is to make use of trustworthy brokers.
- You can remove bonus from trading account at any time without any restrictions!
- Always verify that the broker you choose to invest with, is licensed by your local financial regulator.
- And, many people are falling for these scams.
- On the other hand brokers, regulated by respectable financial institutions, such as the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC) or the Cyprus Securities and Exchange Commission (CySEC), do guarantee the security of your investment, as among others, they are required to allow external audits, to file regular reports, to provide a negative balance protection to their customers, to keep their money in a segregated, protected form creditors account, to maintain some minimum operational capital and in some cases even to insure traders money.
A trader can choose currencies, stocks, stock indices, commodities, precious metals, etc. Unfair or uncivilised competition exists wherever there is a chance of earning money.
Leave your email address to receive notifications about new reviews and posts concerning Maxitrade. MaxiTrade is rightfully proud of its analytical materials and its training program. A trader is given access to the analytics as represented by market forecasts for different time periods, a calendar of economic news, financial news, and much more. Following a saying that it is never too late to learn, MaxiTrade clients can undergo independent training after reading numerous articles.
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. Also, according to the broker, there is no extra fees or any monthly commission to trade with this broker. MaxiTrade offers Maxitrade review its users different types of accounts that are sorted by the deposit amount and vary in settings, options, bonuses, quick withdrawals and one on one support availability. MaxiTrade is an unlicensed CFDs broker owned by Strategy One LTD, which is a company with 10 years of experience and has earned the trust of Association of Russian Banks.
We were unable to confirm this claim, but we are pretty sure that all our South African readers can find more details in our MaxiTrade review below. Maxitrade.com occupies high positions in the leading ratings of brokers. One of the main characteristics of this broker is its availability for both beginners and experienced traders. I would also like to note that Crypto broker Maksytrade is regulated by Cyprus Securities and Exchange Commission (CySEC) and participates in Investor compensation fund, which stands for its reliability.
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The payment methods listed on the broker’s website are Bitcoin, Credit Cards, WebMoney and QIWI. Minimum withdrawal listed on the broker website is $50.
And, most traders will know that the platform that you are going to use is important. MT4 is one of the most reliable platforms for trading forex. And, Maxitrade is making use of MT4. We advise all investors and traders to avoid MaxiTrade and other brokers from St. Vincent and the Grenadines.
When we are looking at the information and the research that we have done, this is what we have found out about Maxitrade. Info that might let you think twice about using them for trading forex. Could you use Maxitrade without any risks? This is the question that many traders and beginner traders are asking.
