MAXITRADE LTD. Free customer feedback, reviews and supplier feedback from Company Check. Registered as 05108152

MAXITRADE LTD. Free customer feedback, reviews and supplier feedback from Company Check. Registered as 05108152

Maxitrade scam

You can start trading with a minimum deposit of ONLY $10! Read our IQ Option review. 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 also get preferential treatment.

MaxiTrade has its own trading platform that is compatible with any computer. Its user-friendly interface allows you to work without any difficulties. The reviews speak of its speedy operation, the instant execution of orders, and the provision of reports on online transactions.

Forex brokers, Saxo Bank, OANDA, and MaxiTrade can be cited as successful examples of operations in the financial market. Their online reputation attests to their legitimacy. 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.

Maxitrade scam

You can trade currency pairs, securities, indices, commodities, precious metals. To open an account, the client must have $500.

Reviews: Believe Them or Not

Could you use Maxitrade without any risks? This is the question that many traders and beginner traders are asking. 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.

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. Here traders have to be very careful. They must understand that the broker is not a financial advisor.

And, that there are investigations by regulators about them. If any regulator is issuing a warning against a broker, then you should rather use another, more trustworthy regulator. Regulators are https://maxitrade.pro there to ensure that you aren’t taken for a ride and that you won’t lose any money unnecessarily. You are basically using Maxitrade at your own risk. Maxitrade is making use of the MT4 platform.

This type of behavior is similar to what the old binary options brokers did back in the day and is definitely something to avoid. Accounts start at $250, which is average for the industry but I consider it too high because clients should be allowed to “test the waters” with lower amounts until they get the hang of it or until they are certain they want to commit a larger amount. Of course, they offer larger accounts – Silver, Gold, Platinum and VIP, which will require deposits of $3,000, $10,000, $50,000 and $100,000 respectively. 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.

  • 70% of retail investor accounts lose money when trading CFDs with this provider.
  • St. Vincent and the Grenadines is notorious for its practically absent requirements and regulations.
  • Always verify that the broker you choose to invest with, is licensed by your local financial regulator.
  • Regarding orders execution model, Maxitrade is a b-book broker (market maker).
  • Don’t expect to be a pro using it the first time, but it will be fairly easy to get used to.
  • The trader is allowed very low spreads, starting from two pips, allowing them to maneuver without much loss.

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.

Join IQ Option and become a trading master! IQ Option is a world-famous regulated broker that takes your trading to the next level. It allows you to trade forex, crypto, stocks, options and much more on its award-winning platform. The best part?

Today we will talk about Maxitrade.com (Migtrade Co.). CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

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. 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.

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. We advise all investors and traders to avoid MaxiTrade and other brokers from St. Vincent and the Grenadines. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as AvaTrade and Plus500. St. Vincent and the Grenadines is notorious for its practically absent requirements and regulations.

MaxiTrade Customer Support

For this reason, we advise our South African readers to only deposit with regulated and trusted brokers for added security and benefits. Assets maxitrade.pro that traders can trade on this platform are specific cryptocurrencies like Bitcoin, Bitcoin Cash, Ethereum, Zcash, DASH, IOTA, NEO etc.

This is a funny one. One would expect that the annual plan is the basic one, since in a way offers least value. One cannot really predict that far in the future to have a bulletproof trading plan. 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.

Maxitrade scam