In the retail forex industry such scam pages are known as “clone websites”. The Sofia Regional Court blocked the access to 40 websites, offering forex, CFD and binary options trade form Bulgaria, without proper authorization by the local Financial Service Commission or any other official regulatory body in EU. Maxitrade is an unregulated Crypto Currency broker, Maxitrade is an online Forex & Crypto Currency broker that is owned by Strategy One Ltd. Between 65% and 89% of retail investors lose money with trading in CFDs. Forex, CFDs and Binary Options carry a high level of risk.
Personal account managers, professional consultants, and analysts are always ready to assist traders. They carry a vast experience and can tell you how to distinguish a fraudster and a scam from a law-abiding organisation. Saxo Bank has been operating for a good 25 years.
They must understand that the broker is not a financial advisor. 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.
Forex Education – Basics:
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.
This is because of the fact that they aren’t registered and aren’t regulated. There are other, much better brokers out there that you can use. Brokers that are under strict rules and regulations themselves.
Maxitrade is offering different accounts. 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. When a broker isn’t registered and regulated, it means that they can set up their own rules and regulations.
One of the biggest advantages that MaxiTrade takes pride in is the availability of a large number of analytical materials. On the company’s website, you can find Forex forecasts for various time periods. Critical and experienced traders have long understood that one should not pay attention to various accusations such as a fraud or scam. When a company takes serious steps to build itself up, it will always prevail from bankruptcy. Such confidence is based on the fact that the number of traders working with MaxiTrade continue to grow.
This type of behavior is similar to what the old binary options brokers did back in the day and is definitely something to avoid. 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.
- ScamRecovery.net offers no financial services or advice.
- There is no exact explanation on the broker’s page that the minimum deposit is $250.
- MaxiTrade.com offers over 75 forex currency pairs, stocks, index, cfds, bitcoin and other cryptocurrencies for your personal investment and trading options.
- Maxitrade is a forex broker that many people have used before.
MaxiTrade wins the competition as it permits customers to work without paying commissions. The system of account replenishment and profit withdrawal is highly convenient and is made clear to any trader. These actions can be done with credit cards, bank transfers, web-wallets, and maxitrade.zone the like through well-known global payment systems. 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.
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.
No, it is not safe to trade with MaxiTrade. MaxiTrade is owned by Strategy One Ltd., which is an offshore company registered in St. Vincent and the Grenadine. Trading FX or CFDs on leverage is high risk and your losses could exceed deposits. 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.
supervisory authority as an offer of financial services targeted in Europe. ESMA intervention measures do not apply to customers https://maxitrade.zone of Market solutions Ltd and it is your responsibility to choose a company which is most suitable for your trading needs.
MaxiTrade possesses all these qualities and more competitive qualities. As this is the case, we need to get acquainted with ratings compiled by various websites and analysts. Forex brokers, Saxo Bank, OANDA, and MaxiTrade can be cited as successful examples of operations in the financial market.
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. 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.
MaxiTrade Payment Methods
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. And, Maxitrade is making use of MT4.