MaxiTrade is a Trusted Forex Broker in the Financial Market
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.
And, because they aren’t registered, they aren’t regulated as well. This is why people are asking if Maxitrade is reliable and trustworthy.
Most brokers are unregulated or regulated by an offshore regulation authority which doesn’t mean much because there wont be anyone making sure that they aren’t doing any illegal things. Keep in mind that if a broker steal your money, you won’t be able to fight back unless they are regulated by a serious regulatory agency such as the CySEC (Cyprus Securities and Exchange Commission), FCA (Financial Conduct Authority). It is also entirely possible that new forex traders fail to trade with a tested strategy or trading plan. Instead, they make trades based on psychology (e.g., if a trader feels the market has to move in one direction or the other) and there is essentially a 50% chance they will be correct. If you do an internet search on forex broker scams, the number of results is staggering.
Maxitrade Overall Ratings
Frequent in-and-out purchases and sales of securities that don’t appear necessary to fulfill the customer’s investment goals may be evidence of churning. Churning is illegal and unethical.
The minimum deposit amount is 250 USD, EUR, GBP or 20 000 RUB. For experienced traders, the broker offers Premium and VIP accounts, with a good set of additional services, such as professional trading strategies, market analytics, insured rates, round-the-clock support and much more.
First, for the quality of service in passive earnings. I not only earned good money, but also repulsed the invested funds. Portfolio investment service is ideal for those who do not have time to trade, or who do not know how, but have the capital to do so. All this time that I invest in the company, several managers communicate with me, we have already become so friendly that we switched to “you” and plan to meet and relax together this year.
MaxiTrade Special Features
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. 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 maxitrade.online 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 as long as they pay a fee and fulfill a few other requirements. We introduce original reviews and comments on Maxi Forex. They have been written by actual or former clients of the company.
Technically its regulated by Labuan IBFC, which is the first time we hear about this jurisdiction. Binary options are prohibited in the European Economic Area. Between 74-89 % of retail investor accounts lose money when trading CFDs. One of the best features that Maxi Trade offers their investors are the free trading signals.
- Issues of this nature should be resolved and explained to the trader, and the broker should also be helpful and display good customer relations.
- 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.
- 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.
- Regarding orders execution model, Maxitrade is a b-book broker (market maker).
Perks range from bonuses, faster withdrawals and analyst support. Below we present the overview of the accounts. Binary options are prohibited in the European Economic Area.
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.
Acting just to take deposits from people and collect them money in sophisticated Forex-Like style! Attracting people to take “Bonus” and than emptying them accounts by multiply trades with spread and similar crime techniques. Saxo Bank has been operating for a good 25 years. It had willingly submitted itself to stringent legal requirements in more than 10 jurisdictions. Saxo Bank’s choice of trading instruments is quite large and diverse.
If everything has gone well, it should be relatively safe to deposit more funds. If you have problems, attempt to discuss them with the broker. If that fails, move on and post a detailed account of your experience online so others can learn from your experience.
Good trading conditions
Being tenured in the industry may be seen as an advantage, but it does not necessarily warrant immediate trust from potential clients. https://maxitrade.online In order to gain that trust, it is necessary to surpass your competitors through financial, technical, and informational factors.
On occasion, losses are the broker’s fault. This can occur when a broker attempts to rack up trading commissions at the client’s expense.
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).