Regarding orders execution model, Maxitrade is a b-book broker (market maker). Maxitrade offers trading of cryptocurrencies only. Maxitrade is regulated by the FSA (St. Vincent and the Grenadines). Maxitrade is more than just forex brokers.
Also, we must note that the IFMRRC certification was just completed in January 2019 so we can assume this is a very new brokerage (they don’t specify a launch date). On top of that, let’s not forget that your money will be handled by their payment processor, which is a company from Azerbaijan. 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.
Is Maxitrade A Scam?
MaxiTrade has a large number of financial instruments that makes it possible to work with quotes of precious metals and oil. Here traders have to be very careful. They must understand that the broker is not a financial advisor. While they might get general help and guidance from the broker, it is highly unlikely that the broker can or should give them recommendations for trading. Binary options are prohibited in the European Economic Area.
Between 74-89 % of retail investor accounts lose money when trading CFDs. 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. Surprisingly enough, there is quite a handful of complaints online regarding Maxitrade.
Not all brokers and offers are regulated in the United States of America. We don’t recommend, facilitate or encourage trading with products that are not regulated. FairForexBrokers.com does not recommend any forex, crypto and binary brokers or exchanges to US traders besides NADEX, which is licensed by CFTC. Every trader is obligated to check the legal status in their respective jurisdiction on their own.
According FSC most websites are owned and operated by foreign companies, registered in offshore zones such as the Marsha Islands. On top of that some of the pages use details of legit businesses in an apparent attempt to defraud users that they are part of renowned financial institutions such as the Belgium KBC Group or HSBS. In the retail forex industry such scam pages are known as “clone websites”. 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. Maxitrade is an unregulated Crypto Currency broker, Maxitrade is an online Forex & Crypto Currency broker that is owned by Strategy One Ltd.
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. You can always get in touch with your manager or technical support by phone, email, Live chat or request a call-back. Maxitrade platform — the easiest way to earn money on the cryptocurrency exchange market.
Reviews about the work of various Forex brokers are diverse. Since the competition in the market is huge, many believe that they can surpass a competitor through highly-negative feedback. 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.
- The platform has already won the favour of users.
- These actions can be done with credit cards, bank transfers, web-wallets, and the like through well-known global payment systems.
- MaxiTrade offers several types of accounts that offer various services depending on the size of the deposit.
- At first glance, the comparison of the three companies may be uncalled for, given the considerable difference in industry tenure.
People start to smell the scam when they can’t withdraw funds, or suddenly their money has been be traded away. There’s many strategies the scam companies use to steal your money – but it doesn’t mean you can’t effectively fight back. Of course, you’ve probably tried to ask the broker politely to simply return your money, and it obviously didn’t work.
And, Maxitrade is making use of MT4. There is no exact explanation on the broker’s page that the minimum deposit is $250. However, while going through all the different account maxitrade.reviews 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.
When you are changing to the paid account, you will see that making money for real isn’t as easy as with the demo account. 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.
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 OANDA Company is in a slightly different situation. Like Saxo Bank, it also offers a large range of financial products. However, for an organization with solid experience, this is more of a rule of thumb in the market. https://maxitrade.reviews Worthy of note, Saxo Bank’s expert support is a round the clock operation stretching from Monday to Friday. Personal account managers, professional consultants, and analysts are always ready to assist traders.
Such confidence is based on the fact that the number of traders working with MaxiTrade continue to grow. Click ‘File a complaint’ button above to take your first step towards recovering your lost money to Maxitrade scam broker.
That is why, in addition to trust companies, there are different scams, one-day and divorce. 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.). CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider.