Is MaxiTradeBoost a legit options trading service?
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. 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.
No, it is not safe to trade with MaxiTrade. MaxiTrade is owned by Strategy One Ltd., which is an offshore company registered in St. Vincent and the Grenadine. Trading FX or CFDs on leverage is high risk and your losses could exceed deposits. CFDs and cryptocurrency trading entails significant risks and there is a chance that potential clients lose all of their invested money. In case the potential client does not understand the risks involved, he/she should seek advice or consultation from an independent advisor.
This isn’t legal to make sure that the demo account is offering higher profit than the real, paid accounts. And, many people are falling for these scams.
Not all brokers and offers are regulated in the United States of America. We don’t recommend, facilitate or encourage trading with products that are not regulated. FairForexBrokers.com does not recommend any forex, crypto and binary brokers or exchanges to US traders besides NADEX, which is licensed by CFTC. Every trader is obligated to check the legal status in their respective jurisdiction on their own. MaxiTrade is a broker, presumably Russian, that offers trading cryptocurrencies via CFDs on MT4 platform.
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It is important to distinguish the fraudster from the law-abiding organization. The Forex market has been popular with traders for decades.
Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as AvaTrade and Plus500. St. Vincent and the Grenadines is notorious for its practically absent requirements and regulations. Due to the setup cost is low and it does not regulate forex trading. Therefore, it became an offshore zone for shady forex brokers such as GoldFxTrading, AZ Trades and more.
supervisory authority as an offer of financial services targeted in Europe. ESMA intervention measures do not apply to customers https://maxitrade.zone of Market solutions Ltd and it is your responsibility to choose a company which is most suitable for your trading needs.
MT4 platform issues
- It is spoken of as one of the fastest working platforms with orders being executed at lightning speed; customers immediately receive a report on each transaction in real time.
- Very friendly staff, guys responsive and competent in any matter related to the market and the company.
- Likewise, there was no other version so this is probably the only way to trade with this broker.
- I want to draw your attention to the fact that Maxitrade broker offers unique bonus conditions .
Maxitrade is offering different accounts. This is great because then you can choose the account that is best for you. However, when you are looking at the minimum deposit that you should pay for each account, you will realize something. 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.
Immediately withdraw your funds if you are currently trading with them. Check the following listed activities of a scam broker. If you have witnessed any of the following then you probably have been victimized by a scam broker.
Click ‘File a complaint’ button above to take your first step towards recovering your lost money to maxitrade.zone broker. Maxitrade.com occupies high positions in the leading ratings of brokers. One of the main characteristics of this broker is its availability for both beginners and experienced traders. Maxitrade.com is a reliable, regulated broker in Europe.
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 OANDA Company is in a slightly different situation. Like Saxo Bank, it also offers a large range of financial products. However, for an organization with solid experience, this is more of a rule of thumb in the market. Worthy of note, Saxo Bank’s expert support is a round the clock operation stretching from Monday to Friday.
This is a pretty decent setup, however, the trading conditions are terrible. Spreads are huge and commissions very high.
I want to praise the company
In the retail forex industry such scam pages are known as “clone websites”. The Sofia Regional Court blocked the access to 40 websites, offering forex, CFD and binary options trade form Bulgaria, without proper authorization by the local Financial Service Commission or any other official regulatory body in EU. Maxitrade is an unregulated Crypto Currency broker, Maxitrade is an online Forex & Crypto Currency broker that is owned by Strategy One Ltd. Between 65% and 89% of retail investors lose money with trading in CFDs. Forex, CFDs and Binary Options carry a high level of risk.
