⋆ Maxitrade Review ⋆ Is Maxitrade.com Legit Broker or a Scam?
St. Vincent and the Grenadines is notorious for its practically absent requirements and regulations. Due to the setup cost is low and it does not regulate forex trading. Therefore, it became an offshore zone for shady forex brokers such as GoldFxTrading, AZ Trades and more.
The money in your canceled account will not be paid to you. 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.
Reviews: Believe Them or Not
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. MaxiTrade is owned by Strategy One Ltd., which is an offshore company registered in St. Vincent and the Grenadine.
This is great. But, there is something wrong with the demo account. The demo account offers unrealistic spreads. Meaning https://maxitrade.pro that you might think that this is the perfect broker to use, because of the results you had from the demo account.
MaxiTrade, while much younger than the aforementioned companies, has already managed to establish itself. Unscrupulous competitors who write many negative reviews on the internet are usually not just happy with MaxiTrade‘s position.
It should be pointed out that a broker’s size cannot be used to determine the level of risk involved. While larger brokers grow by providing a certain standard of service, the 2008-2009 financial crisis taught us that a big or popular firm isn’t always safe. Luckily for traders, this type of situation is an outlier and not likely to occur. One must remember that trading is usually not a zero-sum game, and brokers primarily make commissions with increased trading volumes. Overall, it is in the best interest of brokers to have long-term clients who trade regularly and thus, sustain capital or make a profit.
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Churning is excessive trading by a broker in a client’s account largely to generate commissions. Discover more about the practice of churning here.
They have been written by actual or former clients of the company. Choosing a broker is not as difficult maxitrade.pro as it appears at first sight. However, it is important to find the right approach to this matter.
Maxitrade offers trading of cryptocurrencies only. Maxitrade is regulated by the FSA (St. Vincent and the Grenadines). 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. If you have traded with Maxitrade and believe you have been scammed by them you have a chance to get your money back.
- MaxiTrade is a broker, presumably Russian, that provides trading cryptocurrencies through CFDs on MT4 platform.
- 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.
- And, in this case, the reviews aren’t really positive.
- However, when you are looking at the minimum deposit that you should pay for each account, you will realize something.
- It boasts of a lot of functions and can be conveniently navigated through.
Of course, you’ve probably tried to ask the broker politely to simply return your money, and it obviously didn’t work. If you lost more than $3,000 to an online scam, we may be able to help you now. MaxiTrade is rightfully proud of its analytical materials and its training program.
And that is when you will receive a phone call as well. It will be form your “senior account manager”, who will be impressed by your trading results, but will simply explain you that if you want to make some real money, you will simply have to invest more – like 10 000 USD or so.
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OANDA enjoys a solid reputation and has been operating in the market for a good 20 years. OANDA offers various financial instruments and also has its own trading platforms. Any trader from any walk of life can always count on good customer support with the company. Its reliability and quality of work is unparalleled. 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.
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 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 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.
Between 65% and 89% of retail investors lose money with trading in CFDs. I want to praise the company.