MaxiTrade Review: Is MaxiTrade a Scam or Legit Broker
You can read our detailed article about the risk of trading with brokers from St. Vincent and the Grenadines. This is a pretty decent setup, however, the trading conditions are terrible.
This broker claims that their goal is to become a reliable and recognizable cryptocurrency broker available to every trader at the market. Also, according to the broker, there is no extra fees or any monthly commission to trade with this broker.
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MaxiTrade is a broker, presumably Russian, that offers trading cryptocurrencies via CFDs on maxitrade cheat MT4 platform. The company behind the broker is Strategy One Ltd, or so the website claims.
In spite of this, we cannot recommend this broker, because it is not regulated. Functional and user-friendly trading platform, which has already become a real helper for both novices and seasoned traders.
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. One of the most common questions newbies in the market ask is how not to run into a scammer and choose a reliable brokerage company. Treading along the lines of scam and fraudulent activities, some have claimed of losing all their money, thus claiming bankruptcy.
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Now, I almost lose my money, only $2,000 US DOllar left on my account. How do I get this money back if I have made a few deposits to Maxi trade account under such false intentions. And that is when you will receive a phone call as well.
Looking at MaxiTrade website, it shows that they are owned by Strategy One Ltd. Strategy One Ltd Ltd is located in Saint Vincent and the Grenadines, a well-known offshore zone and a preferred location for shady brokerage.
MaxiTrade offers its users different types of accounts that are sorted by the deposit amount and vary in settings, options, bonuses, quick withdrawals and one on one support availability. 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.
- MaxiTrade is a broker, presumably Russian, that offers trading cryptocurrencies via CFDs on MT4 platform.
- Perks range from bonuses, faster withdrawals and analyst support.
- CFDs and cryptocurrency trading entails significant risks and there is a chance that potential clients lose all of their invested money.
- MaxiTrade offers its users different types of accounts that are sorted by the deposit amount and vary in settings, options, bonuses, quick withdrawals and one on one support availability.
- MaxiTrade offers several types of accounts that offer various services depending on the size of the deposit.
Our review of the Forex / CFD broker Maxitrade shows, that they offer investors their very own custom trading platform. Minimum deposit to use MaxiTrade broker and trade on the financial market is $250.
One can read a number of allegations against MaxiTrade. Treading along the lines of scam and fraudulent activities, some have claimed of losing all their money, thus claiming bankruptcy. Very friendly staff, guys responsive and competent in any matter related to the market and the company. International brokerage companies such as Saxo Bank, OANDA, and MaxiTrade, (considered to be companies of repute) have been successfully working with traders over the years. Saxo Bank and OANDA have been in the Forex market since the 90s.
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. Since most brokers in EU https://maxitrade.reviews have CySEC license it meant that the bonuses were practically outlawed and remained a feature offered mostly by unregulated brands, one of which is MaxiTrade.
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. In our opinion, pretty useless hook.
I thought that MaxiTrade will return the money already, but then Natali Heazer told me that I need to speak with the manager again which means that they are going to convince me again to trade and just lose the money. but this company just show that even with the small money left on my account ($2,000) they won’t give it back to you. she told me that a manager will speak with me which obviously the manager will only ask me to trade again, how can you invest more or trust a company if you can’t withdraw money, once you know that you can withdraw, of course, you can invest again.
The desire is fair, since scam projects and fraud are widespread in the industry. 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. We were unable to verify that.
Assets that traders can trade on this platform are specific cryptocurrencies like Bitcoin, Bitcoin Cash, Ethereum, Zcash, DASH, IOTA, NEO etc. 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 the like through well-known global payment systems.