It must be said that foreign exchange markets are regulated strictly. If a brokerage company tends to raise red flags, then one should pay attention to trader experience in the international scene. There are many Forex brokers who are proven to be legitimate an example of these https://maxitrade.vip are MaxiTrade, Saxo Bank, and OANDA. Assets that traders can trade on this platform are specific cryptocurrencies like Bitcoin, Bitcoin Cash, Ethereum, Zcash, DASH, IOTA, NEO etc. When you see the crypto options that you can trade on this platform, it seems like a decent setup.
Do not give up if you were scammed by Maxitrade. We will help you to get your lost amount refunded. We do not recommend to trade with Maxitrade since this broker has Maxitrade scam been suspected as a scam broker. Immediately withdraw your funds if you are currently trading with them. Check the following listed activities of a scam broker.
Investors like their unique trading software, see here. One of the best features that Maxi Trade offers their investors are the free trading signals. Directly on the trading platform, you will find an advanced trading signals alert system. 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.
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. It is important to only use brokers that are regulated.
Before you engage in trading foreign exchange, please make yourself acquainted with its specifics and all the risks associated with it. All information on 55brokers.com is only published for general information purposes. We do not present any guarantees for the accuracy and reliability of the information. 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.
Making sure that you are using the best brokers there possible is. This is the first sign that Maxitrade isn’t recommended to use by traders. They aren’t registered. And, because they aren’t registered, they aren’t regulated as well. This is why people are asking if Maxitrade is reliable and trustworthy.
This isn’t legal to make sure that the demo account is offering higher profit than the real, paid accounts. And, many people are falling for these scams. They are offering a demo account. This is great. But, there is something wrong with the demo account.
she told me that a manager will speak with me which obviously the manager will only ask me to trade again, how can you invest more or trust a company if you can’t withdraw money, once you know that you can withdraw, of course, you can invest again. they didn’t teach me how to trade.
Bottom line is that that you will be dealing with 2 companies, one from St Vincent and the Grenadines and another from Azerbaijan, without high-profile regulation, so I think that’s not the best case scenario but so far there haven’t been any clear signs of a scam. 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. I thought that MaxiTrade will return the money already, but then Natali Heazer told me that I need to speak with the manager again which means that they are going to convince me again to trade and just lose the money. 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.
- This is a pretty decent setup, however, the trading conditions are terrible.
- Minimum deposit to use MaxiTrade broker and trade on the financial market is $250.
- MT4 is one of the most reliable platforms for trading forex.
- There are many recommendations, after reading which, you will learn about the characteristic signs of scam projects, and what a real scam looks like.
- The selection of forex pairs is not bad, we counted some 68 pairs on their trading platform, with a variety of exotic currencies like Philippine Peso, Norwegian Krone, Danish Krone, Swedish Krona, Czech Krona, Hungarian Forint, Polish Zloty, Hong Kong Dollar, Singapore Dollar, Mexican Peso, Russian Ruble, Turkish Lira and South African Rand.
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.
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Maxitrade is regulated by the FSA (St. Vincent and the Grenadines). What surprised us as we wrote this review is the fact that Maxi Trade broker uses MetaTrader4 as a trading platform. 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.
You can read our detailed article about the risk of trading with brokers from St. Vincent and the Grenadines. 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 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.
MaxiTrade is a forex broker. Maxi Trade offers the MT4, Web and Mobile forex trading top platform. MaxiTrade.com offers over 75 forex currency pairs, stocks, index, cfds, bitcoin and other cryptocurrencies for your personal investment and trading options. Like the vast majority of forex brokers, MaxiTrade offers MetaTrader 4 (MT4) as its trading platform. MT4 is a reliable trading software that offers numerous features and options, with great charting and useful analysis tools.
International Forex brokers MaxiTrade, Saxo Bank, and OANDA are examples of brokerage companies who are not only able to follow the rules implemented by regulators, but are also able to establish successful working relations with traders around the globe. The website which provides exhaustive information draws attention to itself. Based on the number of trading instruments, the company is not inferior to competitors and even surpasses them.
It offers the above account types and trading on the industry’s standard MetaTrader 4 platform with seemingly good spreads. In spite of this, we cannot recommend this broker, because it is not regulated.