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.
There’s many strategies the scam companies use to steal your money – but it doesn’t mean you can’t effectively fight back. Of course, you’ve probably tried to ask the broker politely to simply return your money, and it obviously didn’t work. If you lost more than $3,000 to an online scam, we may be able to help you now.
What was your experience trading with Maxitrade? Please write your review in the comment section below. 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.
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. cryptocurrency broker 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.
This is why people are asking if Maxitrade is reliable and trustworthy. When we are looking at the information and the research that we have done, this is what we have found out about Maxitrade. Info that might let you think twice about using them for trading forex.
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. The company is registered with the International Financial Market Relations Regulation Center (IFMRRC), with Certificate 0395 AA V0128. With all account types Maxitrade offers welcoming trading bonuses ranging between 50% and 150%.
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. Immediately withdraw your funds if you are currently trading with them.
Nothing on this website should be considered a recommendation or endorsement. The information on this website is not directed at residents of any country, where such distribution is against local laws or regulation. We are not responsible for any losses you may incur, by investing with a company mentioned on this website. We may receive compensation from the companies we write about. Always verify that the broker you choose to invest with, is licensed by your local financial regulator.
Not all brokers and offers are regulated in the United States of America. We don’t recommend, facilitate or encourage trading with products that are not regulated. FairForexBrokers.com does not recommend any https://maxitrade.plus forex, crypto and binary brokers or exchanges to US traders besides NADEX, which is licensed by CFTC. Every trader is obligated to check the legal status in their respective jurisdiction on their own.
- It is important to only use brokers that are regulated.
- So when choosing a broker, you need to consider all the possible scenarios.
- Also, according to the broker, there is no extra fees or any monthly commission to trade with this broker.
- I strongly recommend do not trade.
- Meaning that you will never know for sure if you are doing everything according to their rules and regulations.
By filling the form you have taken the first step to recover your money. Reviews about the work of various Forex brokers are diverse.
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.
There are many Forex brokers who are proven to be legitimate an example of these are MaxiTrade, Saxo Bank, and OANDA. Assets that traders can trade on this platform are specific cryptocurrencies like Bitcoin, Bitcoin Cash, Ethereum, Zcash, DASH, IOTA, NEO etc. When you see the crypto options that you can trade on this platform, it seems like a decent setup.
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. Such leverage will suit most trading styles and is yet no dangerously high.
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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.
Technically, MaxiTrade does not lose to the “veterans” of the market. In many ways it is ahead of them, as it has its own platform that is compatible with any software. It has an excellent design and interface; it has the ability to instantly execute orders and allows for a full report for each transaction to appear online.