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. No, it is not safe to trade with MaxiTrade.
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. Now, I almost lose my money, only $2,000 US DOllar left on my account. 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. they didn’t teach me how to trade.
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. The payment methods listed on the broker’s website are Bitcoin, Credit Cards, WebMoney and QIWI.
Maxitrade is more than just forex brokers. They are CFD brokers as well. They are focusing on cryptocurrency trading.
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. 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 LTD Credit Report
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. Maxitrade is a forex broker that many people have used before. But, according to the statistics more than half of the people using Maxitrade have a complaint about them. This is because of the fact that they aren’t registered and aren’t regulated.
Vinod Menon: Hi Royal, Which is the best forex broker to work with ..
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.
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.
- Forex trading carries a high level of risk and may not be suitable for all investors.
- It is important to distinguish the fraudster from the law-abiding organization.
- If the potential client still does not understand the risks involved in trading in any financial instruments, he/she should not trade at all.
- This is great.
One of the main characteristics of this broker is its availability for both beginners and experienced traders. I would also like to note that Crypto broker Maksytrade is regulated by Cyprus Securities and Exchange Commission (CySEC) and participates in Investor compensation fund, which stands for its reliability. All clients of PrimeTime Finance enjoy the highest level of support.
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.
One can read a number of allegations against MaxiTrade. Treading along the lines of scam and fraudulent activities, some have claimed of losing all their money, thus claiming bankruptcy. In this case, unfair competition plays a role.
With all account types Maxitrade offers welcoming trading bonuses ranging between 50% and 150%. Those bonuses, however, are linked to some rather tough minimum trade volume requirements, which if not reached, you will have trouble withdrawing your funds. In December the FCA published a consultation paper on the risks associated with binary options trading and, under a piece of financial regulation due to be introduced in January, regulated financial betting platforms will come under the FCA’s remit, but the watchdog says that its hands are tied when it comes to any unregulated operations. He said fraud perpetrated by certain binary options trading platforms was “possibly the biggest financial scam in the world”.
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. In December, he said he filed a request with the platform to withdraw his money, the majority of which had stemmed from his pension fund. He claims that request was denied and – like Ms Ablett – he said his account later appeared Maxitrade scam to have been blocked. Some binary options trading platforms are regulated by the UK’s Gambling Commission, but only if the firm has gambling equipment located in the country. Ms Ablett said that she initially invested £200 with the company, but that individuals who described themselves to her as “brokers” convinced her to up her stakes, telling her she was trading on the performance of gold and stocks.
Critical and experienced traders have long understood that one should not pay attention to various accusations such as a fraud or scam. When a company takes serious steps to build itself up, it will always prevail from bankruptcy. Such confidence is based on the fact that the number of traders working with MaxiTrade continue to grow.
Forex Reviews and Ratings
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.