MaxiTrade: Getting to Know a Successful Brokerage Company
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.
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.
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. If you lost more than $3,000 to an online scam, we may be able to help you now. 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.
In the retail forex industry such scam pages are known as “clone websites”. Maxitrade is an unregulated Crypto Currency broker, Maxitrade is an online Forex & Crypto Currency broker that is owned by Strategy One Ltd. Forex / CFD / Binary options – training, rating of brokers, online signals, strategies and robots. Maxitrade platform — the easiest way to earn money on the cryptocurrency exchange market. them immediately and try to get your fund out.
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. The bonus is a controversial topic in online trading. It was so badly abused in recent years that Trading on Forex 2 years ago CySEC acted on it and ordered all Cyprus regulated brokers to stop offering them. Since most brokers in EU have CySEC license it meant that the bonuses were practically outlawed and remained a feature offered mostly by unregulated brands, one of which is MaxiTrade.
Technically its regulated by Labuan IBFC, which is the first time we hear about this jurisdiction. 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. Perks range from bonuses, faster withdrawals and analyst support.
The speed of the website may differ across time. It may be a temporarily problem. It may however also mean that the owner of the website has not invested in a good performing website. Speed is considered one of the most important factors to keep customers happy on your website. A website that performance less than average might therefor be an indicator of an online scam.
How do I get this money back if I have made a few deposits to Maxi trade account under Maxitrade scam such false intentions. 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. On top of that in their Client Agreement Maxitrade says they are reserving the right to “institute limits on the amount of funds you may withdraw in any given period of time” and “in our sole discretion, refuse to process a Withdrawal request or place a payment hold on any part or all of your funds in your Account for any reason”. For example, if you are trading with a FCA broker and the broker happens to be insolvent, you will receive as a compensation up to 50 000 GBP of your trading capital.
- This is insane,in the heyday of binary options, worst turnover minimums were around 30x.
- They aren’t registered.
- Therefore, it became an offshore zone for shady forex brokers such as GoldFxTrading, AZ Trades and more.
- The last thing that you want is to make use of brokers that have complaints against them.
What was your experience trading with Maxitrade? Please write your review in the comment section below.
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. 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.
Maxitrade Regulatory Oversight
When a broker isn’t registered and regulated, it means that they can set up their own rules and regulations. It doesn’t need to be the regular rules and regulations that a broker needs to have.
It allows you to trade forex, crypto, stocks, options and much more on its award-winning platform. The best part? You can start trading with a minimum deposit of ONLY $10! Read our IQ Option review.
This is why people are asking if Maxitrade is reliable and trustworthy. When we are looking at the information and the research that we have done, this is https://maxitrade.trade what we have found out about Maxitrade. Info that might let you think twice about using them for trading forex. Could you use Maxitrade without any risks?
Got scammed by this broker, What to do ?
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.