This is a negative finding as any website who offers a service or product usually has several reviews at least. As a result we lowered our trust score. The review of maxitrade.su is positive. The positive trust score is based on an automated analysis of 40 different data sources we checked online such as the technology used, the location of the company, other websites found on the same web server, etcetera. Forex, CFDs and Binary Options carry a high level of risk.
All generated profit will remain on your balance and can be withdrawn at your request. Trading is a very profitable and money sphere. That is why, in addition to trust companies, there are different scams, one-day and divorce. Maxitrade scummers In order not to fall into the hands of deceivers, carefully read independent reviews of professional traders, their reviews, test reports and personal impressions! Today we will talk about Maxitrade.com (Migtrade Co.).
Overall, we don’t see this whole setup as a friendly condition, especially for a trading beginner. For this reason, we advise our South African readers to only deposit with regulated and trusted brokers for added security and benefits.
MaxiTrade Review – is it scam or safe?
It has an excellent design and interface; it has the ability to instantly execute orders and allows for a full report for each transaction to appear online. For the convenience of its users, the company provides an opportunity to directly communicate with consultants and a Personal Manager in the English language. In addition, it is possible to open and close transactions by phone. Every trader is given the ability to track his or her money and is made privy to even the most minimal advantage.
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.
Open trading accounts with at least two brokers.
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.
In different countries, regulators have their own approach to the Forex market, so it is not always fully regulated everywhere. Unfortunately, unscrupulous market participants are taking advantage of this. There is no exact explanation on the broker’s page that the minimum deposit is $250. However, while going through all the different account types we noticed that the minimum deposit for the start account is $250.
- IQ Option is a world-famous regulated broker that takes your trading to the next level.
- 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.
- Maxitrade is more than just forex brokers.
- 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.
Technically, MaxiTrade does not lose to the “veterans” of the market. In many ways it is ahead of them, as it has its own platform that is compatible with any software.
And if you get hooked and register, you will be instantly transferred to the web site of a unregulated, offshore broker, where you will be asked to deposit about 250 USD. Maxitrade is owned and operated by Strategy One Ltd, which is based on Saint Vincent and the Grenadines and says to be regulated by Labuan Financial Service Authority (FSA) – a regulator supposedly based in Malaysia, we have never heard of before. Actually, our research shows that FSA is not a legit financial authority and respectively Maxitrade is just another unregulated, offshore broker with rather limited credibility. Beware! Maxitrade is an offshore broker!
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. 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.
Likewise, there was no other version so this is probably the only way to trade with this broker. Metatrader4 is a globally popular platform where traders can use a large number of options, different graphs, and make a progress. Maxitrade is more than just forex brokers. They are CFD brokers as well.
This is a funny one. One would expect that the annual plan is the basic one, since in a way offers Maxitrade cheating least value. One cannot really predict that far in the future to have a bulletproof trading plan.
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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 https://maxitrade.space 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.
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 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.