Is Maxitrade a scam or legit broker?
Check the following listed activities of a scam broker. If you have witnessed any of the following then you probably have been victimized by a scam broker. Have you been scammed by Maxitrade scam broker and lost your money to them?
are provided for any budget and professional level of the trader. The minimum deposit amount is 250 USD, EUR, GBP or 20 000 RUB.
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. Such leverage will suit most trading styles and is yet no dangerously high. As regards the cost of trading with this broker, it is extremely low – the spread on the EUR/USD is floating around 0.2 pips and no commission applies.
No, it is not safe to trade with MaxiTrade. MaxiTrade is owned by Strategy One Ltd., which is an offshore Maxitrade broker review company registered in St. Vincent and the Grenadine. ScamBroker.com is a Broker Reviews Website.
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. The main reason investors always use a licensed and regulated broker is to be sure that your funds are safe and kept in segregated accounts. 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.
Scammed by Maxitrade Broker?
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 Maxitrade scummers 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. CFDs and cryptocurrency trading entails significant risks and there is a chance that potential clients lose all of their invested money.
Now, I almost lose my money, only $2,000 US DOllar left on my account. How do I get this money back if I have made a few deposits to Maxi trade account under 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.
- MT4 is a reliable trading software that offers numerous features and options, with great charting and useful analysis tools.
- The website does not offer investment advice.
- Many unregulated brokers have been found to scam traders.
- The minimum deposit amount is $500.00 and using leverage, this amount may be increased several times.
To open an account, the client must have $500. The company offers low spreads, which allow working almost without loss, a very convenient system of account replenishment and withdrawal of funds, and no commissions. The brokerage company, MaxiTrade has less experience in comparison to Saxo Bank and OANDA, as it was only established in 2008.
For experienced traders, the broker offers Premium and VIP accounts, with a good set of additional services, such as professional trading strategies, market analytics, insured rates, round-the-clock support and much more. I want to draw your attention to the fact that Maxitrade broker offers unique bonus conditions .
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. The bonus is a controversial topic in online trading. It was so badly abused in recent years that 2 years ago CySEC acted on it and ordered all Cyprus regulated brokers to stop offering them.
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. We were unable to confirm this claim, but we are pretty sure that all our South African readers can find more details in our MaxiTrade review below.
Therefore, it became an offshore zone for shady forex brokers such as GoldFxTrading, AZ Trades and more. You can read our detailed article about the risk of trading with brokers from St. Vincent and the Grenadines. Surprisingly enough, there is quite a handful of complaints online regarding Maxitrade. And I say “surprisingly” because this broker is very new, not because they are so good that I wouldn’t expect to see any complaints. People had difficulties withdrawing money and some have said that Maxitrade representatives traded on their behalf and then asked for more money.
Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as AvaTrade and Plus500. 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.
And, Maxitrade isn’t one of the most trustworthy brokers out there. Not all brokers and offers are regulated in the https://maxitrade.blog United States of America. We don’t recommend, facilitate or encourage trading with products that are not regulated.
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. One would expect that the annual plan is the basic one, since in a way offers least value.