Also, according to the broker, there is no extra fees or any monthly commission to trade with this broker. MaxiTrade is an unlicensed CFDs broker owned by Strategy One LTD, which is a company with 10 years of experience and has earned the trust of Association of Russian Banks. Help is available for you to recover your funds from Maxitrade.
Metatrader4 is a globally popular platform where traders can use a large number of options, different graphs, and make a progress. Minimum deposit to use MaxiTrade broker and trade on the financial market is $250. This broker claims that their goal is to become a reliable and recognizable cryptocurrency broker available to every trader at the market. Also, according to the broker, there is no extra fees or any monthly commission to trade with this broker.
On top of the XCritical platform, Maxitrade also offers Meta Trader 4 (both downloadable and web-based), which is a nice addition. 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.
We shall not be responsible for reasonable delay or failure in performance of any obligation pursuant to this Agreement caused by acts of God (or natural disasters), terrorism, strikes, embargoes, fires, war or other causes beyond our reasonable control (hereafter “Force Majeures”). Based on the work of the maxitreid.com team of authors, the presented video was presented reviewing evidence Maxitrade broker review of MaxiTrade’s forex illegal https://maxitrade.pro actions, which displays the amount of Maxi Trade Forex currency broker fraud and provides facts based on MaxiTrade reviews that are posted in a huge number of primary sources. At one time, former President Barack Obama made serious criticism of Wall Street. Financial companies, in his opinion, have forgotten that behind every dollar citizens trade with, there are families with loans, families that desire to make purchases, and so on.
The payment methods listed on the broker’s website are Bitcoin, Credit Cards, WebMoney and QIWI. Minimum withdrawal listed on the broker website is $50. Overall, we don’t see this whole setup as a friendly condition, especially for a trading beginner. For this reason, we advise our South African readers to only deposit with regulated and trusted brokers for added security and benefits. Assets that traders can trade on this platform are specific cryptocurrencies like Bitcoin, Bitcoin Cash, Ethereum, Zcash, DASH, IOTA, NEO etc.
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.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Based on the number of trading instruments, the company is not inferior to competitors and even surpasses them. You can trade currency pairs, securities, indices, commodities, precious metals.
Signs of a scam
He claims that request was denied and – like Ms Ablett – he said his account later appeared to have been blocked. All three companies have their own trading platforms. Saxo Bank introduced the SaxoTraderPRO and SaxoTraderGO platforms, OANDA maxitrade.trade has a platform of the same name, and MaxiTrade provides the opportunity to trade on the xCritical platform and the MaxiTrade trading platform. Platforms of all these companies can be used on a personal computer, tablet, and smartphone.
This type of behavior is similar to what the old binary options brokers did back in the day and is definitely something to avoid. 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. 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.
- However, the majority of traders who are clients of MaxiTrade speak positively of its work.
- One of the best features that Maxi Trade offers their investors are the free trading signals.
- Platforms of all these companies can be used on a personal computer, tablet, and smartphone.
- Its reliability and quality of work is unparalleled.
- To execute trading operations over the phone Company’s employees may provide technical assistance to Clients in the opening/closing / changing parameters of transactions (take profit, stop loss) on behalf of Clients on the phone.
- The first 2 started working back in the 90s, whereas MaxiTrade broker was created only a little more than 10 years ago.
Only then can we be sure that a particular broker is cheating. It allows you to trade forex, crypto, stocks, options and much more on its award-winning platform.
Maxitrade is a scam broker connected with other brands (Agricole Trade, Aspen Holding, Olympus Markets). We warn you against transfering any money to this broker. This is a pretty decent setup, however, the trading conditions are terrible.
What surprised us as we wrote this review is the fact that Maxi Trade broker uses MetaTrader4 as a trading platform. Likewise, there was no other version so this is probably the only way to trade with this broker.
However, it is important to find the right approach to this matter. Churning is excessive trading by a broker in a client’s account largely to generate commissions. Discover more about the practice of churning here. 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.
MaxiTrade Broker Review
Our goal is to provide complex reviews that are based on the real trading experience. Only then can we be sure that a particular broker is cheating. By entering this agreement you represent and warrant that you are a resident of a country in which the use of the Service is not prohibited. You represent and warrant that you are not located in and are not a resident or citizen of the United States of America.
FairForexBrokers.com is not licensed nor authorised to provide advice on investing and related maxitrade.com site matters. In order to withdraw money from the broker, the turnover targets need to be reached.