MaxiTrade is a Forex Brokerage Company Respected by Traders – Marketme
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. One of the biggest advantages that MaxiTrade takes pride in is the availability of a large number of analytical materials.
MaxiTrade is a Forex Brokerage Company Respected by Traders
However, given their reputation, they are not likely to fall to bankruptcy. I would also like to note that Crypto broker Maksytrade is regulated by Cyprus Securities and Exchange Commission (CySEC) and participates in Investor compensation fund, which stands for its reliability. All clients of PrimeTime Finance enjoy the highest level of support. 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.
When you see the crypto options that you can trade on this platform, it seems like a decent setup. However, we need to tell that the trading conditions are not that great for South African traders. Spreads with this broker are really high and commissions are huge. What surprised us as we wrote this review is the fact that Maxi Trade broker uses MetaTrader4 as a trading platform. Likewise, there was no other version so this is probably the only way to trade with this broker.
You can start trading with a minimum deposit of ONLY $10! Read our IQ Option review. MaxiTrade offers several types of accounts that offer various services depending on the size of the deposit. The logic is that the customers who deposit higher amounts to trade with the broker also get preferential treatment.
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. Binary options are prohibited in the European Economic Area. Between 74-89 % of retail investor accounts lose money when trading CFDs. One of the best features that Maxi Trade offers their investors are the free trading signals.
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.
You will even have two customer support emails that you can use. They maxitrade.pro are offering different types of accounts, and a demo account as well.
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. It had willingly submitted itself to stringent legal requirements in more than 10 jurisdictions. 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.
- MaxiTrade offers extensive training opportunities for traders as well.
- Based on the number of trading instruments, the company is not inferior to competitors and even surpasses them.
- And, Maxitrade isn’t one of the most trustworthy brokers out there.
- Maxitrade is situated in St. Vincent and the Grenadines.
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MaxiTrades uses the MT4 web trader. MetaTrader is really a global standard for forex and CFDs traders, and even its web-platform offers excellent features for trading – from advanced charting tools to special https://maxitrade.pro trading settings. This was a really good choice by MaxiTrades. It seems that there is only web trader version available, meaning that there is no client app to download, at least not one we could find.
I want to praise the company
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. FairForexBrokers.com is not licensed nor authorised to provide advice on investing and related matters.
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Maxitrade offers trading of cryptocurrencies only. Maxitrade is regulated by the FSA (St. Vincent and the Grenadines). Maxitrade is more than just forex brokers.
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. It is important to only use brokers that are regulated.
Since the competition in the market is huge, many believe that they can surpass a competitor through highly-negative feedback. It is difficult for a novice trader to figure out where there is actual scam or fraud, why this or that company is labelled bankrupt, and how to distinguish a fraudster from a law-abiding broker.
Maxitrade.com is a reliable, regulated broker in Europe. Confirming information can be found on the broker’s website in the «About the Company» section. This Website may contain information in particular regarding financial services and products that could be regarded b a E.U. supervisory authority as an offer of financial services targeted in Europe. ESMA intervention measures do not apply to customers of Market solutions Ltd and it is your responsibility to choose a company which is most suitable for your trading needs.