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.
Long time ago I began to cooperate with…
However, licensed international Forex brokers who already have a reputation may be disadvantaged. 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.
The economic news calendar describes the events of world markets, shows their influence on the Forex market. Here, you can see the graphs and forecasts online. Account holders get access to a unique Autochartist tool that provides signals on five currency pairs using graphical models, Fibonacci models, and key levels. MaxiTrade offers extensive training opportunities for traders as well. The MaxiTrade trading terminal deserves a separate discussion.
Is Maxitrade.com a fair Cryptocurrency Broker?
They are focusing on cryptocurrency trading. They have a valid address and telephone number. Maxitrade is situated https://maxitrade.online in St. Vincent and the Grenadines. You will even have two customer support emails that you can use.
Following a saying that 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.
At first glance, this looks like a broker with good trading conditions and some form of regulation but there are some discrepancies between the spreads listed on the website and the ones that you are getting on the trading platform itself. Also, we must note that the IFMRRC certification was just completed in January 2019 so we can assume this is a very new brokerage (they don’t specify a launch date). On top of that, let’s not forget that your money will be handled by their payment processor, which is a company from Azerbaijan. 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.
This is a funny one. 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.
- 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.
- Before you engage in trading foreign exchange, please make yourself acquainted with its specifics and all the risks associated with it.
- The platform has already won the favour of users.
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. By filling the form you have taken the first step to recover your money. The website does not provide investment services or personal recommendations to clients to trade any financial instrument. Information on FairForexBrokers.com should not be seen as a recommendation to trade CFDs or cryptocurrencies or to be considered as investment advice.
One of the best features that Maxi Trade offers their investors are the free trading signals. Directly on the trading platform, you will find an advanced trading signals alert system. Surprisingly enough, there is quite a handful of complaints online regarding Maxitrade.
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.
Regarding orders execution model, Maxitrade is a b-book broker (market maker). Maxitrade offers trading of cryptocurrencies only. Maxitrade is regulated by the FSA (St. Vincent and the Grenadines). Maxitrade is more than just forex brokers. They are CFD brokers as well.
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. I want to praise the company. And indeed there is for that. First, for the quality of service in passive earnings.
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.
However, there are many ways to distinguish a fraudulent company from a reputable broker and they should be discussed separately. MaxiTrade has its own trading platform that is compatible with any computer. Its user-friendly interface allows you to work without any difficulties. The reviews speak of its speedy operation, the instant execution of orders, and the provision of reports on online transactions. To guide traders through challenging instances, MaxiTrade’s personal advisers are available round the clock.
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 maxitrade.online 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.