Maxitrade Broker

Maxitrade Broker

maxitrade review

We may receive compensation from the companies we write about. Always verify that the broker you choose to invest with, is licensed by your local financial regulator. 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.

Also I have to mention that PrimeTime Finance is one of the few brokers who have Code of professional conduct and ethics in place. Broker assigns personal managers to all clients.

In order not to fall into the hands of deceivers, carefully read independent reviews of professional traders, their reviews, test reports and personal impressions! Today we will talk about Maxitrade.com (Migtrade Co.). 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. In addition to currency pairs, traders can trade CFD-contracts, securities, commodities, futures, and ETF-funds.

Top Forex Brokers

Maxitrade is an offshore FX and CFD broker that offers a large asset basket composed of currencies, indices, commodities, stocks, and cryptocurrencies. The website is owned by Market Solutions Ltd., which is a company registered at Kingstown, St. Vincent and the Grenadines. The company is registered with the International Financial Market Relations Regulation Center (IFMRRC), with Certificate 0395 AA V0128.

MaxiTrade offers its users different types of accounts that are sorted by the deposit amount and vary in settings, options, bonuses, quick withdrawals and one on one support availability. 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.

This type of behavior is similar to what the old binary options brokers did back in the day and is definitely something to avoid. 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.

There’s also an option to deposit using Bitcoin but for that, you will be redirected to a third party payment processor where you will buy Bitcoin using a credit card. I don’t understand why I would use this method considering that I can deposit directly with my card on Maxitrade’s maxitrade.com site website. 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.

The Sofia Regional Court blocked the access to 40 websites, offering forex, CFD and binary options trade form Bulgaria, without proper authorization by the local Financial Service Commission or any other official regulatory body in EU. 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). Trading is a very profitable and money sphere. That is why, in addition to trust companies, there are different scams, one-day and divorce.

MetaTrader is really a global standard for forex and CFDs traders, and even its web-platform offers excellent features for trading – from advanced charting tools to special trading settings. This was a really good choice by MaxiTrades. 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. Our review of the Forex / CFD broker Maxitrade shows, that they offer investors their very own custom trading platform. Additionally, traders have to option of using the classic MetaTrader4 desktop and web trading platforms.

  • 70% of retail investor accounts lose money when trading CFDs with this provider.
  • are provided for any budget and professional level of the trader.
  • 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.
  • MaxiTrade offers several types of accounts that offer various services depending on the size of the deposit.
  • Don’t expect to be a pro using it the first time, but it will be fairly easy to get used to.
  • That is why, in addition to trust companies, there are different scams, one-day and divorce.

MaxiTrade Contest Promotion

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.

If the potential client still does not understand the risks involved in trading in any financial instruments, he/she should not trade at all. In order to withdraw money from the broker, the turnover targets need to be reached. 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 turnover minimums were around 30x. This is a funny one.

You can always get in touch with your manager or technical support by phone, email, Live chat or request a call-back. Assets that traders can trade on this platform are specific cryptocurrencies like Bitcoin, Bitcoin Cash, Ethereum, Zcash, DASH, IOTA, NEO etc. This broker offers a binary option that is banned from Europe. Market Solutions Ltd – Suite 305 Griffith Corporate Centre P.O. Box 1510 Beachmont, Kingstown, St Vincent and the Grenadines is a financial services institution outside the European Union Area, which is subject to the supervision of the IFMRRC Certificate 0395 AA V0128. Between 65% and 89% of retail investors lose money with trading in CFDs.

Every trader is obligated to check the legal status in their respective jurisdiction on their own. Join IQ Option and become a trading master!

Agreed to portfolio investment

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. It would be more logical if the premium account holders got their plans updated more frequently to reflect changes on the market.

For this reason, we advise our South African readers to only deposit with regulated and trusted brokers for added https://maxitrade.trade security and benefits. Minimum deposit to use MaxiTrade broker and trade on the financial market is $250.

maxitrade review