Don’t expect to be a pro using it the first time, but it will be fairly easy to get used to. 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. On top of the XCritical platform, Maxitrade also offers Meta Trader 4 (both downloadable and web-based), which is a nice addition. OANDA also offers various trading platforms.
And, Maxitrade is making use of MT4. There is no exact explanation on the broker’s page that the minimum deposit is $250. However, while going through all the different account types we noticed that the minimum deposit for the start account is $250. The payment methods listed on the broker’s website are Bitcoin, Credit Cards, WebMoney and QIWI.
In its pursuit to help its user better their trading judgement OANDA conducts training for traders through regular webinars. A scam is done when a broker takes your money through unfair means and therefore there can be many more ways to scam innocent traders. Do not give up if you were scammed by Maxitrade. We will help you to get your lost amount refunded. We do not recommend to trade with Maxitrade since this broker has been suspected as a scam broker.
Gain the Trust of Traders
Regulators are there to ensure that you aren’t taken for a ride and that you won’t lose any money unnecessarily. You are basically using Maxitrade at your own risk. Maxitrade is making use of the MT4 platform. And, most traders will know that the platform that you are going to use is important. MT4 is one of the most reliable platforms for trading forex.
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 all our South African readers can find more details in our MaxiTrade review below.
Our choice fell on experienced brokers, Saxo Bank, OANDA, and MaxiTrade. Forex traders always face a difficult choice. It is challenging to determine a brokerage company that meets all modern requirements with an impeccable reputation, years of experience, not a scam or a fraud. However, there are many ways to distinguish a fraudulent company from a reputable broker and they should be discussed separately.
A trader is given access to the analytics as represented by market forecasts for different time periods, a calendar of economic news, financial news, and much more. Following a saying that maxitrade.plus it is never too late to learn, MaxiTrade clients can undergo independent training after reading numerous articles. Technically, MaxiTrade does not lose to the “veterans” of the market.
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. Of course, they offer larger accounts – Silver, Gold, Platinum and VIP, which will require deposits of $3,000, $10,000, $50,000 and $100,000 respectively. However, the perks you will get for opening large accounts (higher bonus, account manager, etc.) are not worth it in our opinion and besides, this is a new, offshore broker, with questionable regulation so we don’t recommend sending a big chunk of money. Usually, regulated brokers are not scams but there’s a grey area in this case because on one hand Maxitrade is registered with a financial watchdog but on the other hand, said the regulator is not known as feared supervision authority. In fact, this is a non-governmental organization and basically, anyone can get a certificate from them as long as they pay a fee and fulfill a few other requirements.
- MT4 is one of the most reliable platforms for trading forex.
- Maxitrade is situated in St. Vincent and the Grenadines.
- I strongly recommend do not trade.
- 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.
- FairForexBrokers.com is not licensed nor authorised to provide advice on investing and related matters.
- Moreover, MaxiTrade is not limited to this and provides users with the opportunity to undergo training.
MaxiTrade is a forex broker. Maxi Trade offers the MT4, Web and Mobile forex trading top platform. MaxiTrade.com offers over 75 https://maxitrade.plus forex currency pairs, stocks, index, cfds, bitcoin and other cryptocurrencies for your personal investment and trading options.
To guide traders through challenging instances, MaxiTrade’s personal advisers are available round the clock. 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. You can trade currency pairs, securities, indices, commodities, precious metals.
This is great because then you can choose the account that is best for you. However, when you are looking at the minimum deposit that you should pay for each account, you will realize something.
FairForexBrokers.com is not licensed nor authorised to provide advice on investing and related matters. MaxiTrades uses the MT4 web trader. MetaTrader is really a global standard for forex and CFDs traders, and even its web-platform offers excellent features for trading – from advanced charting tools to special trading settings.
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.
Become an IQ Option trader today
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. Broker Dispute helps victims of scam brokers to fight back and get their lost money back from scam brokers.
And, Maxitrade isn’t one of the most trustworthy brokers out there. If you have traded with Maxitrade and believe you have been scammed by them you have a chance to get your money back. Many unregulated brokers have been found to scam traders. At Broker complaint registry it’s our job to make sure you can fight back and get your money refunded.