Maxitrade Scam broker
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This is great because then you can choose the account that is best for you. However, when you are looking at the minimum deposit that you should pay for each account, you will realize something.
They have a valid address and telephone number. Maxitrade is situated in St. Vincent and the Grenadines. You will even have two customer support emails that you can use. They are offering different types of accounts, and a demo account as well.
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 Maxitrade review 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. 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.
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.
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.
MaxiTrade is a broker, presumably Russian, that offers trading cryptocurrencies via CFDs on MT4 platform. The company behind the broker is Strategy One Ltd, or so the website claims. The website also claims the company has been around 10 years and “has earned trust” of Association of Russian Banks and the Association of Regional Banks of Russia. We were unable to verify that. Our review of the Forex / CFD broker Maxitrade shows, that they offer investors their very own custom trading platform.
MaxiTrade is a forex broker. Maxi Trade offers the MT4, Web and Mobile forex trading top platform.
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 https://maxitrade.space turnover minimums were around 30x. This is a funny one. One would expect that the annual plan is the basic one, since in a way offers least value.
- Before you engage in trading foreign exchange, please make yourself acquainted with its specifics and all the risks associated with it.
- For VIPs, the initial deposit starts from $1,000,000.00.
- Maxitrade is situated in St. Vincent and the Grenadines.
- 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.
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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. Making sure that you are using the best brokers there possible is.
Minimum withdrawal listed on the broker website is $50. 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.
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. For example, if you are trading with a FCA broker and the broker happens to be insolvent, you will receive as a compensation up to 50 000 GBP of your trading capital. Similarly with CySEC brokers the compensation can reach 20 000 EUR. 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. Don’t put all your eggs in one basket.
Maxitrade Overall Ratings
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. The Forex market has been popular with traders for decades.
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?
You can start trading with a minimum deposit of ONLY $10! Read our IQ Option review. Maxi trade is a Cryptocurrency Broker offering Trading services via Web trading platform. Regarding orders execution model, Maxitrade is a b-book broker (market maker). Maxitrade offers trading of cryptocurrencies only.
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.