Maxitrade Scam broker
It is important to distinguish the fraudster from the law-abiding organization. The Forex market has been popular with traders for decades. Many of them, being professionals, managed to achieve serious profits from currency trading and other financial instruments. In different countries, regulators have their own approach to the Forex market, so it is not always fully regulated everywhere. Unfortunately, unscrupulous market participants are taking advantage of this.
Have you been scammed by Maxitrade scam broker and lost your money to them? Do you know you have a good chance to get your lost funds back? A number of unregulated brokers like Maxitrade have been reported to scam people.
Compare Maxitrade Brokers
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. We were unable to confirm this claim, but we are pretty sure that https://maxitrade.vip all our South African readers can find more details in our MaxiTrade review below. Considering the financial advantages, we want to note that MaxiTrade offers the most favorable trading conditions in comparison to the other two companies. The minimum deposit amount is $500.00 and using leverage, this amount may be increased several times.
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. And, they can change their rules and regulations as they please. Meaning that you will never know for sure if you are doing everything according to their rules and regulations. It is important to only use brokers that are regulated.
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. 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.
I would also like to note that Crypto broker Maksytrade is regulated by Cyprus Securities and Exchange Commission (CySEC) and participates in Investor compensation fund, which stands for its reliability. All clients of PrimeTime Finance enjoy the highest level of support. 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.
On top of these, the company’s financial advisers are always ready to answer any inquiries from their users. MaxiTrade offers a wide set of financial instruments for trading, which are up to par with that of Saxo Bank and OANDA’s. The same can be said about the choice of trading platforms.
Saxo Bank and OANDA are far ahead of MaxiTrade. The first 2 started working back in the 90s, whereas MaxiTrade broker was created only a little more than 10 years ago. However, do not make hasty conclusions. Tenure is important, but the tools and services that a company offers to different countries hold greater importance.
- At first glance, the comparison of the three companies may be uncalled for, given the considerable difference in industry tenure.
- 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.
- However, do not make hasty conclusions.
The website also claims the company has been around 10 years and “has earned trust” of Association of Russian Banks and the Association of Regional Banks of Russia. We were unable to verify that.
Likewise, there was no other version so this is probably the only way to trade with this broker. Metatrader4 is a globally popular platform where traders can use a large number of options, different graphs, and make a progress. Choosing an international Forex broker, traders should pay attention to the reliability of the company, its convenience for users, the presence of useful tools, a clean legal reputation. MaxiTrade possesses all these qualities and more competitive qualities.
Our choice fell on experienced brokers, Saxo Bank, OANDA, and MaxiTrade. Forex traders always face a difficult choice. It is challenging to https://maxitrade.vip determine a brokerage company that meets all modern requirements with an impeccable reputation, years of experience, not a scam or a fraud.
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.
One would expect that the annual plan is the basic one, since in a way offers least value. One cannot really predict that far in the future to have a bulletproof trading plan. It would be more logical if the premium account holders got their plans updated more frequently to reflect changes on the market. In our opinion, pretty useless hook. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
MaxiTrade is a Forex Brokerage Company Respected by Traders
Reliable trading authorities or organisations are also subjected to scrutiny; they are accused of scam or other untoward trading activity. However, given their reputation, they are not likely to fall to bankruptcy.
CFDs and cryptocurrency trading entails significant risks and there is a chance that potential clients lose all of their invested money. In case the potential client does not understand the risks involved, he/she should seek advice or consultation from an independent advisor. If the potential client still does not understand the risks involved in trading in any financial instruments, he/she should not trade at all. This is a funny one.