Forex broker | |
---|---|
Official website | |
Social network | |
Date of foundation | 1970 |
Head Office | Griffith Corporate Center, Beechmont, Kingstown, St. Vincent and the Grenadines, Office. 305 |
Company owner | Market Solutions Ltd. |
Types of support | |
Languages | English, Spanish, German, Polish |
Terminals | MetaTrader 4, WebTerminal MT4, XCritical |
Min. first deposit | From 250 USD |
Brokerage commission | Yes |
Leverage | Until 1:200For cryptocurrency pairs and CFD shares - 1:50 |
Spreads | From 0.06 points |
Free demo account | |
Adjustable | Yes |
Regulators | CRRFCertificate RU 0395 AA V0128 |
Types of accounts | Demo, Start, Silver, Gold, Platinum, VIP |
Margin call / Stop out | 100%/80% |
Order execution | Market Execution (at market price) |
Methods of replenishment | Bitcoin, Moneta.ru, Neteller, Webmoney, Wire transfer, Yandex.Money, Bank card (Visa/MC) |
Withdrawal methods | Bitcoin, Neteller, Qiwi, Webmoney, Wire transfer, Yandex.Money, Bank card (Visa/MC) |
Types of assets | CFD Indexes Currency pairs Cryptocurrency Metals Products |
Account Currencies | EUR, USD |
Mobile apps | |
Weekend trading | Yes |
Tournaments/competitions | No |
Trader training | Trading school, webinars, etc. |
Contract Difference Commission | Yes |
Swaps | No |
PAMM trading | Multilevel investment program |
Analytics | News, market reviews, economic calendar |
Margin trading | Yes |
Affiliate Program | RegistrationSeveral types of affiliate program |
Advantages | Advantageous working conditions Ready-made asset portfolios for trading VIP investment account Convenient platform Functional terminals Bonus Program |
Disadvantages | Numerous negative reviews on the Internet Uninformative site There is no detailed information about accounts, liquidity providers, etc. |
Company requisites | Legal name: Market Solutions Ltd. Legal address: Griffith Corporate Center, Beechmont, Kingstown, St. Vincent and the Grenadines, Office. 305 |
Date of update | December 2, 2024 |
Overall assessment | 0/10 |
Is Maxitrade a Scam? Complete Review and Real Customer Feedback
Maxitrade was created by an international financial holding company Strategy One Ltd in2008. For more than ten years, this Forex broker has been providing its services in the global financial markets. In addition, the company monitors trends in trading. For example, the growing popularity of the cryptocurrency, due to frequent changes in the exchange rate, has turned this market into a highly profitable trading asset. Anyone can register on the company’s website and join digital money trading.
Maxitrade trading conditions
In addition to cryptographic assets, Maxitrade provides the opportunity to trade on Forex, invest in currency pairs, shares of various companies, work with goods and indices. The broker provides clients with simplified conditions for depositing and withdrawing money, zeroing monthly fees and commissions for operations. The company has a team of professionals who provide round-the-clock support to their users. Resource servers also operate around the clock with the maximum degree of data protection.
The design of the website maxitrade.com is not as pompous as that of other brokers, but it is quite informative, simple and ergonomic. To find the information interesting for the user, will not make much work. Maxitrade has created the «Trading Academy» for beginners and those who want to increase their trading skills in the financial markets. With the help of a special training system the clients can plunge into all aspects of the trader’s science and, afterwards, get their first profit when applied (Forex trading training). Besides each new lesson is a new section on learning and acquiring skills of trading strategies and trading tactics, features of trading tools.
The company practices regular online webinars, where experienced speculators share their skills with everyone. By becoming the participants of the discussions, you can get answers to questions concerning the nuances of trading. New analytical reviews from professional experts regularly appear on the broker’s website. As for trading, the minimum deposit amount is $250. There are no restrictions on deposit replenishment. MaxiTrade has provided various types of accounts for any budget and level of professionalism of the speculator.
Such accounts are available for clients’ each of their own: Start, Silver, Gold, Platinum and VIP. They differ in the size of the initial deposit, welcome bonus. Starting from account Silver each client is advised by a personal financial analyst. Gold account holders and above have the opportunity to receive weekly individual reviews and analysis of the client’s account in order to minimize possible losses in trading. Starting from account Platinum, a personal consultant will help the client to develop a personal trading strategy. Leverage provided by MaxiTrade for cryptocurrencies is 1:50, for other currencies – 1:200. The company believes that such sizes are optimal for assets, because too much leverage in trading increases the possible losses.
In addition to the above mentioned ways of making profit, the broker offers its clients to make money without efforts with portfolio investment. For beginners or those who prefer passive trading, the specialists have already collected portfolios of assets with different risk levels. The trader only has to choose his own variant and watch how his profit grows. The way of earning is to form an investment strategy for trading. Users can choose between several variants of portfolios with different assets. The chosen variant is used in trading on different timeframes. And the types of deals are also different. It gives the chance to diversify risks and to protect oneself from unjustified losses. Experienced speculators create, thus, good conditions for passive investment. The level of profitability depends on the type of portfolio:
- Newcomer – the monthly profit is up to 5%.
- Advanced – up to 7%.
- Experienced – up to 10%.
- Professional – up to 18%.
- Master ++ – the monthly profit is up to 36%.
Maxitrade platform
The site provided by Maxitrade meets the quality criteria. The broker allows you to trade on two platforms:
- MetaTrader 4 (МТ4) for computer and smartphone.
- Xcritical trading terminal.
Both platforms are multifunctional and intuitive for an experienced trader and a novice speculator. MT4 can be easily downloaded and installed on a computer or smartphone. If desired, a novice speculator can try his hand at trading with virtual funds on a demo account without registering. After that, having passed the registration and verification process, you can put real money on deposit and, having chosen the asset, start trading.
MetaTrader 4 perfectly reflects the process of asset price dynamics on the trading terminal screen. The platform can visually present several charts on the screen simultaneously. It is used for making deals with several assets simultaneously. MT4 is perfectly equipped for technical analysis. This is facilitated by a wide range of various graphical tools. With the help of the built-in online platform Xcritical, margin trading operations with all cryptocurrency pairs, where the digital currency is paired with the dollar, are carried out without problems. In addition, as a trading tool you can choose currency pairs, indices, commodities, stocks. The Xcritical platform, as well as MT4, is designed for technical analysis. Having chosen the size of the lot and the asset to be traded, a trader can open an order to buy or sell. The minimum transaction volume is 0.01 lots.
If necessary, the trader will always contact the manager via online chat or by phone, stating his problems with trading or asking him questions. Those who wish to use the service «Synchronous trading», providing copying of trades of experienced traders. For this purpose it is necessary to have an open active account with a replenished deposit. By connecting to 3D-trading and setting up the synchronous trading process accordingly, you can get the maximum profit. It will be quite useful to use the services of an account manager.
Maxitrade demo account
The company provides this service to its clients free of charge. This is a big plus for beginners and speculators with experience, because, using the services of a demo account, in practice, you can see how to change the quotes. Beginners, trading with virtual funds, select an acceptable for their trading asset (taking into account its volatility) and develop a possible trading strategy. It is convenient to master the basics of technical and fundamental analysis on demo. All trading operations can be performed without fear of losing real money. Many beginners are interested in a new asset – cryptocurrencies. It is on a demo account that it is quite realistic to test any of the strategies and find answers to your questions. Virtual trading does not require registration. This is another plus of MaxiTrade.
Maxitrade mobile application
You can find it on the company website maxitrade.com. The application is a complete replacement of trading terminals for your computer. There are two options to choose from: for Android and iOS. Users can trade from anywhere in the world with the condition of Internet connection. The mobile application allows:
- Observe changes in quotations and analyze the market situation.
- Enter the market for buying or selling.
- Set stop-loss and take-profit safety orders.
- Track the size of the deposit and promptly replenish it.
The abundance of trading tools does not affect the simplicity and ergonomics of the application:
- The laconic design promotes the operation convenience.
- Optimal differentiation of functions makes the work process faster.
- All operations are performed without problems.
Maxitrade bonuses
Maxitrade offers bonuses to both new clients and regular clients. The incentive system allows you to increase your deposit by several times. When you open a trading account, the broker gives you welcome bonuses. Their size depends on the account type:
- Start – bonus 50%.
- Silver – bonus 100%.
- Gold и Platinum – bonus 120%.
- VIP – bonus 150%.
VIP-clients additionally receive exclusive bonuses. The amount of rewards and terms of their receipt are calculated individually. Each program for awarding prizes is regulated by separate conditions. Various contests for clients are held regularly. If the client has two or more accounts, bonuses are credited for each of them.
Deposit and withdrawal
The withdrawal issue is always actual for any trader. With Maxitrade, this procedure is not burdensome for clients. Account replenishment is done in different ways – money transfers, bank plastic cards, via electronic payment systems Moneta.Ru, Bitcoin, EcorePay, QIWI, Yandex.Money, WebMoney. The funds are credited to the account almost instantly, but the maximum delay of 48 hours is allowed.
Withdrawal of money is done in the same way. As a rule, funds are withdrawn in the same way as they were transferred to the trader’s account. The minimal withdrawal amount is 50$. The term of withdrawal of funds – up to 7 banking days. Before the withdrawal the verification process is obligatory.
Complaints against Maxitrade
Reviews in a network about the broker differ. Many positive comments from grateful traders. They actively recommend cooperation with Maxitrade, pointing to its advantages. But there is also a frank negative. Dissatisfied clients point to some cases of delay in withdrawing funds, «draining» the deposit. However, there is no real evidence and provided documents confirming the broker’s fraud.
Many novice speculators, not wanting to learn to trade and understand the nuances of trading on the financial market, lose their money. They mistakenly perceive serious Forex trading as a casino game. As a rule, the result is deplorable – zeroing the deposit. They consider the broker guilty of this, but in no case themselves.
Broker’s regulator
Maxitrade Company is positioned as the leading broker in the CIS. The regulator is an independent organization CRFM (№RU 0395 AA V0128). In addition, Maxitrade is controlled by CySEC – Cyprus Securities and Exchange Commission. The broker is a member of the CySEC Compensation Fund.
Maxitrade User agreement
Starting with Maxitrade, any investor should know not only the broker’s guarantees, but also their rights and obligations. Understanding this will enable the trader to make more confident deals and make the right decisions in force majeure circumstances.
On the website maxitrade.com there is a «User Agreement» in the «About us» section. It is this document that defines the actions of the broker. The services provided by the organization are specified in detail here. The following points concerning work with the company are listed:
- Legitimacy of use.
- Provision of services.
- Termination of use of the service.
- Accounts. Service. Transactions.
- Restrictions on the use of services.
- Service materials.
- Deposit and withdrawal of funds.
- Offers and bonuses.
- Personal data protection policy.
- Risk warning.
- Limitation of liability and disclaimer of warranties.
- Dispute resolution.
- Force majeure circumstances.
These data can be found in more detail on the website maxitrade.com. In some points, the aspects complicating the cooperation with the broker are indicated. For example, in the section «Legitimacy of use» it is stated that the service can be used only by persons who have reached the age of 18 years. Restrictions on service provision apply to residents or U.S. citizens:
In the section «Limitation of liability and disclaimer of warranties» the broker emphasizes that he is not liable for direct, indirect, unintentional, unpredictable, legal, punitive damages resulting from any aspect of the client’s use of the service and materials of the company:
Is Maxitrade a scam?
For the entire period of its activity in the financial markets the company has gained popularity due to its positive reputation. The advantages of Maxitrade in its innovations are cryptocurrency trading, quality of service, informative resource, etc. Online webinars, which take place on a regular basis, allow beginners to get a lot of new information and to understand their mistakes «by the bones». The main advantages of the broker:
- Favorable working conditions.
- Ready-made asset portfolios for trading.
- Investment VIP-account.
- User-friendly platform.
- Functional terminals.
- Trading week on the main events of the month, etc.
Any speculator will be able to earn several times more if he takes the chance and joins the broker on the day of the OPEC meeting, when oil prices are announced, and on the day of NFP data release. It is on this news that the value of the dollar depends. The broker really gives you a golden opportunity to make a profit.
Negative reviews appearing in the network may come from the grief-traders who mistakenly believe that money is easily earned in the financial market. Negative also comes from competitors. For a fee, they get negative feedback from copywriters and publish them online. Therefore, we can safely say that MaxiTrade is not a swindle. Only a reputable company can exist on the market for more than 10 years, providing its clients with high quality brokerage services.
Summary
For more than 10 years the Forex broker Maxitrade has been rightfully enjoying the authority and respect in the trading community. The variety of tools, services and innovative perspectives are not left without attention of both experienced speculators and newcomers to trading, the number of which is only growing in the company.
The level of trust in Maxitrade is also increasing thanks to the data presented on its website maxitrade.com, the variety of bonuses and wide opportunities for earning. Thanks to the analysis of users’ feedback, the company’s employees eliminate the problems that arise (and there is no such thing without them) and make the work of their clients comfortable and profitable.
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