For this reason, we advise our South African readers to only deposit with regulated and trusted brokers for added security and benefits. Assets that traders can trade on this platform are specific cryptocurrencies like Bitcoin, Bitcoin Cash, Ethereum, Zcash, DASH, IOTA, NEO etc.
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.
This type of behavior is similar to what the old binary options brokers did back in the day and is definitely something to avoid. Accounts start at $250, which is average for the industry but I consider it too high because clients should be allowed to “test the waters” with lower amounts until they get the hang of it or until they are certain they want to commit a larger amount. Of course, they offer larger accounts – Silver, Gold, Platinum and VIP, which will require deposits of $3,000, $10,000, $50,000 and $100,000 respectively. However, the perks you will get for opening large accounts (higher bonus, account manager, etc.) are not worth it in our opinion and besides, this is a new, offshore broker, with questionable regulation so we don’t recommend sending a big chunk of money.
A trader is given access to the analytics as represented by market forecasts for different time periods, a calendar of economic news, financial news, and much more. Following a saying that it is never too late to learn, MaxiTrade clients can undergo independent training after reading numerous articles. 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.
Among OANDA’s financial advantages are low spreads, individual pricing for all premium accounts, no commissions, and no minimum deposit. It presents a wide range of over 100 trading instruments including currency pairs, commodities, indices, bonds and precious metals. In its pursuit to help its user better their trading judgement OANDA conducts training for traders through regular webinars. A scam is done when a broker takes your money through unfair means and therefore there can be many more ways to scam innocent traders. Do not give up if you were scammed by Maxitrade.
Spreads are huge and commissions very high. It pays much more to trade with a broker such as IQoption, which offer all these on a regulated platform, which, however, is not MT4. The bonus is a controversial topic in online trading. 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 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.
There are many recommendations, after reading which, you will learn about the characteristic signs of scam projects, and what a real scam looks like. Not all brokers and offers are regulated in the United States of America.
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.
- OANDA also offers various trading platforms.
- This is a funny one.
- It presents a wide range of over 100 trading instruments including currency pairs, commodities, indices, bonds and precious metals.
If a brokerage company tends to raise red flags, then one should pay attention to trader experience in the international scene. There are many Forex brokers who are proven to be legitimate https://maxitrade.pro an example of these are MaxiTrade, Saxo Bank, and OANDA. are provided for any budget and professional level of the trader. The minimum deposit amount is 250 USD, EUR, GBP or 20 000 RUB.
Agreed to portfolio investment
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 maxitrade.pro financial regulator. Our review of the Forex / CFD broker Maxitrade shows, that they offer investors their very own custom trading platform.
This is great. But, there is something wrong with the demo account. The demo account offers unrealistic spreads.
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. MaxiTrade is rightfully proud of its analytical materials and its training program.
They are CFD brokers as well. They are focusing on cryptocurrency trading. They have a valid address and telephone number. Maxitrade is situated in St. Vincent and the Grenadines.
Maxitrade is a scam broker connected with other brands (Agricole Trade, Aspen Holding, Olympus Markets). 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.
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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. Maxitrade is an offshore FX and CFD broker that offers a large asset basket composed of currencies, indices, commodities, stocks, and cryptocurrencies.