MaxiTrade Broker Test
In case the potential client does not understand the risks involved, he/she should seek advice or consultation from an independent advisor. If the potential client still does not understand the risks involved in trading in any financial instruments, he/she should not trade at all.
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.
Through these helps, the trader will never feel alone. Finding a good brokerage company has always been a challenge for novice traders. There are many of them out there. However, if you subscribe to the opinions of experts and examine reviews on the internet, you will find out that there are a lot of entities in the industry that only aim to scheme and put one over unsuspecting traders.
The trading platform is offered by XCritical (Quant ROI Ltd) and it’s a nice mix between user friendliness and functionality, with enough features to keep more advanced traders satisfied. Don’t expect to be a pro using it the first time, but it will be fairly easy to get used to. At the time of writing, they had about 268 signals available right on the platform and I am sure this will appeal to many people. On top of the XCritical platform, Maxitrade also offers Meta Trader 4 (both downloadable and web-based), which is a nice addition. 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.
Maxitrade Regulatory Oversight
They are focusing on cryptocurrency trading. They have a valid address and telephone number. Maxitrade is situated Maxitrade review in St. Vincent and the Grenadines. You will even have two customer support emails that you can use.
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. 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.
A trader can choose currencies, stocks, stock indices, commodities, precious metals, etc. https://maxitrade.space Unfair or uncivilised competition exists wherever there is a chance of earning money.
- 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.
- If you have traded with Maxitrade and believe you have been scammed by them you have a chance to get your money back.
- The minimum deposit amount is $500.00 and using leverage, this amount may be increased several times.
- Maxi Trade offers the MT4, Web and Mobile forex trading top platform.
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. Regulators have long adopted the rules of the game of the Maxitrade feedbacks 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. However, licensed international Forex brokers who already have a reputation may be disadvantaged.
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. them immediately and try to get your fund out. If the Maxitrade has done the following, you have probably a victim of Maxitrade scam broker.
Take the time to choose and never trust before doing research. Trading has always been a world with scammers and it will continue to be so unfortunately.
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.
Forex Reviews and Ratings
Most people get scammed after watching a video ad on one of the so called robo scam websites like Crypto Revolt and Bitcoin Evolution. There you will be promised fast and easy money with a minimum investment – and all you have to do is leave your e-mail and phone.
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. Besides, the platform is very popular for its auto trading bots, called Expert Advisors. Despite the efforts of the software developer MetaQuotes to push forward the MetaTrader 5, the MT4 is still the favorite platform of most traders.
Technically, MaxiTrade does not lose to the “veterans” of the market. In many ways it is ahead of them, as it has its own platform that is compatible with any software.
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. Here traders have to be very careful.