Of course, you’ve probably tried to ask the broker politely to simply return your money, and it obviously didn’t work. If you lost more than $3,000 to an online scam, we may be able to help you now. Forex trading carries a high level of risk and may not be suitable for all investors. Before you engage in trading foreign exchange, please make yourself acquainted with its specifics and all the risks associated with it.
Below we present the overview of the accounts. Surprisingly enough, there is quite a handful of complaints online regarding Maxitrade. And I say “surprisingly” because this broker is very new, not because they are so good that I wouldn’t expect to see any complaints. People Forex broker had difficulties withdrawing money and some have said that Maxitrade representatives traded on their behalf and then asked for more money. This type of behavior is similar to what the old binary options brokers did back in the day and is definitely something to avoid.
Always verify that the broker you choose to invest with, is licensed by your local financial regulator. With all account types Maxitrade offers welcoming trading bonuses ranging between 50% and 150%. Those bonuses, however, are linked to some rather tough minimum trade volume requirements, which if not reached, you will have trouble withdrawing your funds.
We were unable to verify that. If you have traded with Maxitrade and believe you have been scammed by them you have a chance to get your money back.
It is difficult for a novice trader to figure out where there is actual scam or fraud, why this or that company is labelled bankrupt, and how to distinguish a fraudster from a law-abiding broker. There are many recommendations, after reading which, you will learn about the characteristic signs of scam projects, and what a real scam looks like. What surprised us as we wrote this review is the fact that Maxi Trade broker uses MetaTrader4 as a trading platform.
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. MaxiTrade is rightfully proud of its analytical materials and its training program.
AeroCool Scar RGB tower case review – A curious mid-ranger
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.
Speed is considered one of the most important factors to keep customers happy on your website. A website that performance less than average might therefor be an indicator of an online scam. We have checked several other websites like Sitejabber, Resellerrating and Trustpilot for reviews of maxitrade.su but could not find any comments. This is a negative finding as any website who offers a service or product usually has several reviews at least.
- And, Maxitrade is making use of MT4.
- You can remove bonus from trading account at any time without any restrictions!
- Any action you take upon the information you find on this website is strictly at your own risk and we will not be liable for any losses and/or damages in the use of our website.
- This is the question that many traders and beginner traders are asking.
- When you see the crypto options that you can trade on this platform, it seems like a decent setup.
MaxiTrade has skype, live chat and email contacts listed. Along with this theres a phone number traders can dial to get in touch. In order to withdraw money from the broker, the turnover targets need to be reached. If the bonus accepted was up to $10,000, the turnover target (volume traded) was 10,000,000 or 1000x. This is insane,in the heyday of binary options, worst turnover minimums were around 30x.
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.
4 thoughts on “Maxitrade Review”
Directly on the trading platform, you will find an advanced trading signals alert system. Such leverage will suit most trading styles and is yet no dangerously high. As regards the cost of trading with this broker, it is extremely low – the spread on the EUR/USD is floating around 0.2 pips and no commission applies. In fact, there is no way for MaxiTrade to be profitable, if the spreads are really that low on live accounts.
Our review of the Forex / CFD broker Maxitrade shows, that they offer investors their very own custom trading platform. Additionally, traders have to option of using the classic MetaTrader4 desktop and web trading platforms. 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.
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 https://maxitrade.bid below.
However, when you are looking at the minimum deposit that you should pay for each account, you will realize something. 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 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.
If the Maxitrade has done the following, you have probably a victim of Maxitrade scam broker. At first glance, this looks like a broker with good trading conditions and some form of regulation but there are some discrepancies between the spreads listed on the website and the ones that you are getting on the trading platform itself. Also, we must note that the IFMRRC certification was just completed in January 2019 so we can assume this is a very new brokerage (they don’t specify a launch date). On top of that, let’s not forget that your money will be handled by their payment processor, which is a company from Azerbaijan.