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Maxitrade scam

The company offers 3 types of accounts – “Classic”, “Platinum”, and VIP. For the Classic account, you are required of an initial deposit of $10,000.00. With Platinum, you should be able to produce at least $200,000.00. For VIPs, the initial deposit starts from $1,000,000.00. The company provides customers with fundamental and technical analysis and has several trading platforms.

We warn you against transfering any money to this broker. The last thing that you want is to make use of brokers that have complaints against them. And, that there are investigations by regulators about them. If any regulator https://maxitrade.bid is issuing a warning against a broker, then you should rather use another, more trustworthy regulator. Regulators are there to ensure that you aren’t taken for a ride and that you won’t lose any money unnecessarily.

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. According FSC most websites are owned and operated by foreign companies, registered in offshore zones such as the Marsha Islands.

Maxitrade Extras

Maxitrade is a forex broker that many people have used before. But, according to the statistics more than half of the people using Maxitrade have a complaint about them. This is because of the fact that they aren’t registered and aren’t regulated. There are other, much better brokers out there that you can use. Brokers that are under strict rules and regulations themselves.

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.

Content of FX Trading Revolution

If the Maxitrade has done the following, you have probably a victim of Maxitrade scam broker. 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. 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. All information on 55brokers.com is only published for general information purposes.

About MaxiTrade.com

Usually, regulated brokers are not scams but there’s a grey area in this case 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.

  • The logic is that the customers who deposit higher amounts to trade with the broker also get preferential treatment.
  • Like Saxo Bank, it also offers a large range of financial products.
  • In light of this, MaxiTrade looks a bit preferable in this category.
  • We do not recommend to trade with Maxitrade since this broker has been suspected as a scam broker.
  • We were unable to verify that.

Surprisingly enough, there is quite a handful of complaints online regarding Maxitrade. And I say “surprisingly” because this broker is very new, not because they are so good that I wouldn’t expect to see any complaints. People had difficulties withdrawing money and some have said that Maxitrade representatives traded on their behalf and then asked for more money. This type of behavior is similar to what the old binary options brokers did back in the day and is definitely something to avoid.

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.

That is why, in addition to trust companies, there are different scams, one-day and divorce. In order not to fall into the hands of deceivers, carefully read independent reviews of professional traders, their reviews, test reports and personal impressions! Today we will talk about Maxitrade.com (Migtrade Co.). CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider.

You will even have two customer support emails that you can use. They are offering different types of accounts, and a demo account as well. When the Scam Broker Investigator reviews a Forex broker to see if they are a scam or legitimate, we look for a valid brokers license. 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.

It is compatible with any computer, has a user-friendly interface, and has a good design. The platform has already won the favour of users. It is spoken of as maxitrade.bid one of the fastest working platforms with orders being executed at lightning speed; customers immediately receive a report on each transaction in real time.

They are offering a demo account. This is great.

This is the question that many traders and beginner traders are asking. We all know the danger in using brokers that are unreliable and untrustworthy. 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.

The company is proud of its trading platforms SaxoTraderGO and SaxoTraderPRO. Also, Saxo Bank has a high threshold of entry.

Maxitrade scam