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Maxitrade scam

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. 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.

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them immediately and try to get your fund out. If the Maxitrade has done the following, you have probably a victim of Maxitrade scam broker.

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. Could you use Maxitrade without any risks? 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.

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.

MaxiTrade is owned by Strategy One Ltd., which is an offshore company registered in St. Vincent and the Grenadine. ScamBroker.com is a Broker Reviews Website. The website does not offer investment advice.

Technically its regulated by Labuan IBFC, which is the first time we hear about this jurisdiction. ForTrade happens to be a reputable Forex broker in England, that is licensed and regulated by FCA. Investors like their unique trading software, see here. One of the best features that Maxi Trade offers their investors are the free trading signals. Directly on the trading platform, you will find an advanced trading signals alert system.

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And if you get hooked and register, you will be instantly transferred to the web site of a unregulated, offshore broker, where you will be asked to deposit about 250 USD. For example, if you are trading with a FCA broker and the broker happens to be insolvent, you will receive as a compensation up to 50 000 GBP of your trading capital. Similarly with CySEC brokers the compensation can reach 20 000 EUR. The selection of forex pairs is not bad, we counted some 68 pairs on their trading platform, with a variety of exotic currencies like Philippine Peso, Norwegian Krone, Danish Krone, Swedish Krona, Czech Krona, Hungarian Forint, Polish Zloty, Hong Kong Dollar, Singapore Dollar, Mexican Peso, Russian Ruble, Turkish Lira and South African Rand. Don’t put all your eggs in one basket.

Maxitrade scam

MaxiTrade.com offers over 75 forex currency pairs, stocks, index, cfds, bitcoin and other cryptocurrencies for your personal investment and trading options. Like the vast majority of forex brokers, MaxiTrade offers MetaTrader 4 (MT4) as its trading platform. MT4 is a reliable trading software that offers numerous features and options, with great charting and useful analysis tools. Besides, the platform is very popular for its auto trading bots, called Expert Advisors. Despite the efforts of the software developer MetaQuotes to push forward the MetaTrader 5, the MT4 is still the favorite platform of most traders.

  • The logic is that the customers who deposit higher amounts to trade with the broker also get preferential treatment.
  • You can trade currency pairs, securities, indices, commodities, precious metals.
  • Broker assigns personal managers to all clients.
  • Nothing on this website should be considered a recommendation or endorsement.

Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as AvaTrade Maxitrade feedbacks and Plus500. St. Vincent and the Grenadines is notorious for its practically absent requirements and regulations.

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.

Every trader is obligated to check the legal status in their respective jurisdiction on their own. MaxiTrades uses the MT4 web trader.

Forex Investing:

This is the first sign that Maxitrade isn’t recommended to use by traders. They aren’t registered. And, because they aren’t registered, they aren’t regulated as well. This is why people are asking if Maxitrade is reliable and trustworthy.

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They have a valid address and telephone number. Maxitrade is situated in St. Vincent and the Grenadines. You will even have https://maxitrade.space two customer support emails that you can use. They are offering different types of accounts, and a demo account as well.

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. Of course, you’ve probably tried to ask the broker politely to simply return your money, and it obviously didn’t work.

Maxitrade scam

Maxitrade scam

Oi!! Gostou?! Não gostou?! Conte pra gente!! ;-)