maxitrade bank of lithuania warning
You can always get in touch with your manager or technical support by phone, email, Live chat or request a call-back. Maxitrade.com is a reliable, regulated broker in Europe. Confirming information can be found on the broker’s website in the “About the Company” section. They are offering a demo account.
At first glance, this looks like a broker with good trading conditions and some form of regulation but there are some discrepancies between the spreads listed on the website and the ones that you are getting on the trading platform itself. 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. Forex trading carries a high level of risk and may not be suitable for all investors.
If the Maxitrade has done the following, you have probably a victim of Maxitrade scam broker. Trading FX or CFDs on leverage is high risk and your losses could exceed deposits.
Through these helps, the trader will never feel alone. Finding a good brokerage company has always been a challenge for novice traders. There are many of them out there. ForTrade happens to be a reputable Forex broker in England, that is licensed and regulated by FCA.
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. We were unable to verify that. Our review of the Forex / CFD broker Maxitrade shows, that they offer investors their very own custom trading platform. Most brokers are unregulated or regulated by an offshore regulation authority which doesn’t mean much because there wont be anyone making sure that they aren’t doing any illegal things.
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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. Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client.
Between 65% and 89% of retail investors lose money with trading in CFDs. Any use of our computer systems not explicitly authorized by this Agreement is a violation of this Agreement and certain domestic, foreign and international laws. When you see the crypto options that you can trade on this platform, it seems like a decent setup. However, we need to tell that the trading conditions are not that great for South African traders.
While they might get general help and guidance from the broker, it is highly unlikely that the broker can or should give them recommendations for trading. This is a funny one.
The company provides customers with fundamental and technical analysis and has several trading platforms. Among OANDA’s financial advantages are low spreads, individual pricing for all premium accounts, no commissions, and no minimum deposit. If a brokerage company tends to raise red flags, then one should pay attention to trader experience in the international scene.
- 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.
- You don’t wants to land in another scam besides the forex trading scam as well.
- MT4 is a reliable trading software that offers numerous features and options, with great charting and useful analysis tools.
- Many unregulated brokers have been found to scam traders.
- On top of that, let’s not forget that your money will be handled by their payment processor, which is a company from Azerbaijan.
- It offers the above account types and trading on the industry’s standard MetaTrader 4 platform with seemingly good spreads.
One would expect that the annual plan is the basic one, since in a way offers least value. 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.
There are many Forex brokers who are proven to be legitimate an example of these are MaxiTrade, Saxo Bank, and OANDA. There you will be promised fast and easy money with a minimum investment – and all you have to do is leave your e-mail and phone. 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.
they didn’t teach me how to trade. Here traders have to be very careful. maxitrade customer reviews They must understand that the broker is not a financial advisor.
MaxiTrade scam – I cannot withdraw!
Reviews about the work of various Forex brokers are diverse. Since the competition in the market is huge, many believe that they can surpass a competitor through highly-negative feedback. It is difficult for a novice trader to figure out where there is actual scam or fraud, why this or that company is labelled bankrupt, and how to distinguish a fraudster from a law-abiding broker. Like the vast majority of forex brokers, MaxiTrade offers MetaTrader 4 (MT4) as its trading platform.
Maxi trade is a Cryptocurrency Broker offering Trading services via Web trading platform. Regarding orders execution model, Maxitrade is a b-book broker (market maker). Maxitrade https://maxitrade.bid offers trading of cryptocurrencies only. Maxitrade is regulated by the FSA (St. Vincent and the Grenadines). We may receive compensation from the companies we write about.
There is no exact explanation on the broker’s page that the minimum deposit is $250. Additionally, traders have to option of using the classic MetaTrader4 desktop and web trading platforms. It must be said that foreign exchange markets are regulated strictly. If the potential client still does not understand the risks involved in trading in any financial instruments, he/she should not trade at all. The website does not provide investment services or personal recommendations to clients to trade any financial instrument.