Is Maxitrade a Scam? Beware

Is Maxitrade a Scam? Beware

Maxitrade offers trading of cryptocurrencies only. Maxitrade is regulated by the FSA (St. Vincent and the Grenadines). What surprised us as we wrote this review is the fact that Maxi Trade broker uses MetaTrader4 as a trading platform.

Their online reputation attests to their legitimacy. Regulators have long adopted the rules of the game of the Forex market and they seek to stringently follow their strict position in relation to brokerage companies.

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.

Signs of a scam

Making sure that you are using the best brokers there possible is. This is the first sign that Maxitrade isn’t recommended https://maxitrade.bid to use by traders. They aren’t registered. And, because they aren’t registered, they aren’t regulated as well.

Is Maxitrade Scam Broker?

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. You can always get in touch with your manager or technical support by phone, email, Live chat or request a call-back.

Do not give up if you were scammed by Maxitrade. We will help you to get your lost amount refunded.

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. Here traders have to be very careful. 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.

Saxo Bank’s choice of trading instruments is quite large and diverse. In addition to currency pairs, traders can trade CFD-contracts, securities, commodities, futures, and ETF-funds.

• And, many people are falling for these scams.
• It offers the above account types and trading on the industry’s standard MetaTrader 4 platform with seemingly good spreads.
• Every trader is given the ability to track his or her money and is made privy to even the most minimal advantage.
• The demo account offers unrealistic spreads.
• We do not present any guarantees for the accuracy and reliability of the information.
• MaxiTrades uses the MT4 web trader.

are provided for any budget and professional level of the trader. The minimum deposit amount is 250 USD, EUR, GBP or 20 000 RUB. 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.

Treading along the lines of scam and fraudulent activities, some have claimed of losing all their money, thus claiming bankruptcy. In this case, unfair competition plays a role. However, the majority of traders who are clients of MaxiTrade speak positively of its work. The company is proud of its trading platforms SaxoTraderGO and SaxoTraderPRO.

The Best ECN/STP Broker

And, we need to make sure that we know if we can trust them or not. 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.

Every trader is given the ability to track his or her money and is made privy to even the most minimal advantage. 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.

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.

Meaning that you might think that this is the perfect broker to use, because of the results you had from the demo account. Maxitrade feedbacks Maxitrade is offering different accounts. This is great because then you can choose the account that is best for you.

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.