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MaxiTrade.com
Delving into the world of forex trading, we today spotlight MaxiTrade.com, a forex broker that has carved out a niche for itself in the vast and volatile world of currency trading. Offering its services on the renowned MT4 and XCritical trading platforms, MaxiTrade.com provides a plethora of options for personal investment and trading, including over 75 forex currency pairs, stocks, index, CFDs, and a range of commodities like gold, silver, and oil. In addition, it has embraced the digital age by offering bitcoin and other cryptocurrencies as part of its trading portfolio. With a minimum opening balance of $250, MaxiTrade.com offers a maximum leverage of 200:1, making it a viable option for both new and seasoned traders. The company, whose establishment date remains undisclosed, operates from Ajetake Road, Ajetake Island, Majuro, in the Marshall Islands. In addition to web trading, it also provides mobile trading for the on-the-go trader. MaxiTrade.com supports a variety of deposit and withdrawal methods, including Bank Wire, VISA, MasterCard, Bitcoin, and several online payment systems, ensuring flexibility and convenience for its users. While its minimum trade size and list of prohibited countries remain unknown, MaxiTrade.com does allow for EAs/Robots and offers a range of trading instruments. This review aims to provide an unbiased look at the services offered by MaxiTrade.com, an intriguing player in the forex trading arena.
MaxiTrade is a forex broker that has gained a reputation in the world of online trading. This review aims to provide an unbiased assessment of the services offered by this forex company, focusing on its trading platforms, trading conditions, and other key aspects.
Trading Platforms: MT4 and XCritical
MaxiTrade offers two top-notch trading platforms: the MT4 and XCritical. Both are renowned for their user-friendly interfaces, advanced charting tools, and a wide range of trading instruments. With these platforms, traders can engage in forex trading, CFDs, and even cryptocurrency trading.
Trading Instruments
MaxiTrade.com provides a variety of trading options. Traders can choose from over 75 forex currency pairs, stocks, indices, and commodities such as gold, silver, and oil. Additionally, MaxiTrade also offers trading options for Bitcoin and other cryptocurrencies, providing a broad spectrum of investment opportunities.
Trading Conditions
MaxiTrade offers a maximum leverage of 200:1, which can be quite beneficial for traders looking to maximize their profits. However, it's important to note that high leverage also comes with increased risk. The minimum amount to open a live account is $250, which is fairly standard in the industry.
Deposit and Withdrawal Methods
MaxiTrade offers a range of deposit and withdrawal methods, including Bank Wire, VISA, MasterCard, Bitcoin, Moneta.ru, PayBoutique, Qiwi, Tokenexus, WebMoney, and Yandex Money. This variety in payment options allows traders from different parts of the world to conveniently fund their accounts and withdraw their earnings.
Pros and Cons
Like any other forex broker, MaxiTrade has its strengths and weaknesses. One of its major advantages is the wide range of trading instruments it offers. However, the lack of information about the minimum trade size could be a potential drawback for some traders.
Scammer or Not?
While there are mixed reviews about MaxiTrade, it's crucial for potential traders to conduct their own research and due diligence. The company's transparency could be improved, particularly regarding its regulatory status and trading conditions.
Safety Check
MaxiTrade is based in the Marshall Islands, and it's unclear whether it's regulated by any reputable financial authority. Therefore, potential traders should tread cautiously and ensure they understand the risks involved in trading with non-regulated brokers.
FAQ
What trading platforms does MaxiTrade offer?
MaxiTrade offers the MT4 and XCritical trading platforms.
What is the minimum deposit to open a live account with MaxiTrade?
The minimum deposit to open a live account is $250.
What trading instruments are available on MaxiTrade?
MaxiTrade offers over 75 forex currency pairs, stocks, indices, commodities, and cryptocurrencies.
Is MaxiTrade a regulated broker?
It's unclear whether MaxiTrade is regulated by any reputable financial authority.
Traders are encouraged to share their experience of working with MaxiTrade on the forexroboteasy.com website. This review is an independent assessment of the company and does not make any recommendations or conclusions about the use of this broker.
forexroboteasy.com
1 review
In the wilderness of online finance, it's paramount to be cautious of your trading endeavours. Through my recent encounter with a platform called MaxiTrade, an alarming tale of entangled finances and misplaced trust emerged. Infused with colorful characters and a system boasting absurd terms, this platform has ensnared $50,000 of my funds and appears intent on keeping them trapped. Signing up with MaxiTrade, I was convinced that I held control over my assets. Astray, opposite took place – imagine converting the steering wheel of your vehicle only to realize it's been disconnected. The control was handed to them, forcefully, as they insisted on exclusive trading for 6 months before considering any withdrawal requests. An agreement, fortified by written documents and partnered by recorded conversations, stood against this. However, ironically, it was met with a wall of disregard. Adding to the perplexities, their registration surfaced from St Vincent, sheltered under a company called Jupiter Ventures SRL. Nestled in Bucharest, this company seemingly played the puppeteer with my account whilst being shielded by St Vincent's laws. Maxitrade, a resident of an internet where legitimacy reigns supreme, somehow managed to build up an affiliation with a non-existent entity named as FMRCC. The illusion extended further as they claimed their departure from something referred to as the Financial Commission - an entity still shrouded in the mists of uncertainty. Adding to the melee of deceptions, they broadcast themselves as legally licensed members of Labuan FSA, a sham claim swiftly dismantled under scrutiny. Personifying the MaxiTrade performance were individuals, Fabian Farbas, Will Johnson, and Sam Matthews (real name Azhar) led by a figure named Lawrence Morgan (371 25 602 605). In the light of this frustrating saga, one needs to remain vigilant. Investigate the credibility of platforms and balance attraction for profit with the potential risks. Ensure secured and fair terms and conditions before investing significant proceeds. Online trading can often be a Wild West, where every user must proceed with caution and foresight.
1 review
In the world of online trading, trust is king. Sadly, my recent experience with MaxiTrade.com has left me severely skeptical of their operations. It seems they currently hold $50,000 of my funds and have made withdrawal a difficult puzzle to solve, insisting I sign over my account's operational rights exclusively to them for six months. This contradictory stance is made more disheartening by the fact that they'rehell-bent on ignoring my objections, despite a formal agreement and recorded phone conversations that indicate a contrary agreement. MaxiTrade is registered under the less-stringent regulations of St. Vincent, an attribute that steps away from the trust they claim to establish. Their terms and conditions distastefully tie users to being governed by St. Vincent law, a move that further compounds suspicions. Moreover, they run operations through a company named Jupiter Ventures SRL, based in the Romanian city of Bucharest. This association draws another veil over their workings, adding to the list of concerns. In terms of accreditations, MaxiTrade boasts of a homemade affiliation with the elusive FMRCC; an organization, as far as my research tells me, doesn’t exist in the form they suggest. Their previous affiliation with the Financial Commission was seemingly short-sighted as they have since withdrawn from it, and their claim of being a licensed member of the Labuan FSA appears to lack factual integrity. I interacted with individuals named Fabian Farbas, Will Johnson, Sam Matthews (who is really an Azhar), and their manager, Lawrence Morgan (contactable at 371 25 602 605). Throughout my interaction, their narratives seemed incoherent, further adding to my uncertainties. Overall, the alarm bells ring clear and loud with MaxiTrade. As a trusted source of trading reviews, my apex advice is to thread carefully and do intensive due diligence should you consider MaxiTrade. In my book, they've fallen alarmingly short of the trustworthiness we expect from such institutions.
1 review
Investing with MaxiTrade is a decision I wouldn't advise anyone to make lightly, based on my bitter experience of trying to retrieve the 50,000USD under their custody. The unyielding hurdles they impose on withdrawals are both cunning and underhanded, in my perspective. Not letting me withdraw without a written agreement promising exclusive trading rights for half a year is most certainly an unexpected trap. They have locked my funds behind the veil of taped calls and signed agreements. Though I have concrete evidence contradicting their claim, their response has been one of blatant disregard. They have chosen to remain ignorant, brushing aside my protests without any reciprocal action. MaxiTrade operates under the banner of a company located in St. Vincent, which by default subjects all your dealings to the laws of the island nation. Further, their Terms and Conditions deceptively tie you to the same law, providing them an almost fortified defensive position. Their sub-company, Jupiter Ventures SRL, runs the show from Bucharest. The subtleness with which they maneuver their operations raises doubts and suspicions. One cannot help but question the legitimacy and credibility of a company that operates remotely without direct supervision or control. MaxiTrade also boasts a rather questionable affiliation with a body named FMRCC - that, according to my exhaustive research, doesn't even exist officially. This adds another layer of uncertainty. They have similarly retracted from something dubbed the Financial Commission, and have falsified claims about possessing a license from the reputed Labuan FSA. Such manipulative tactics only underline their lack of transparency and honesty. Moreover, they have a team comprising individuals such as Fabian Farbas, Will Johnson, and Sam Matthews (actual identity Azhar). Led by a man named Lawrence Morgan with the contact number 371 25 602 605, there appears to be a suspicious guise about these so-called professionals. In conclusion, while this review might seem like a tale of disappointment and mistrust, it's intended to serve as a warning. Be very aware of where you are investing—MaxiTrade, in my experience, has proven to be anything but reliable, throwing up red flags and flashing warning signs. Be smarter, be safer, and remember- every investment company should have their client's best interest at heart.
1 review
Consider this a red flag alert to anyone considering engaging with MaxiTrade, a trading entity that has elusively held $50,000 of my funds captive. This trading firm, built on dubious terms and shady agreements, outright refuses a withdrawal request until I wholly succumb to their demands - a six-month exclusive trading commitment on my account. This brazen disregard for my rights as a client, despite having documented agreements, and recorded conversations to the contrary, creates a level of mistrust that further undermines the credibility of the said company. My protests have fallen on deaf ears as these practices continue unaddressed and unresolved. MaxiTrade is not exempt or accountable due to their obscure registration in St Vincent. They leverage this arrangement to trap their clients within the complex web of St Vincent laws, further diminishing clients' ability to voice complaints or take appropriate action. Furthermore, they have outsourced the operational aspects of my account to a firm named Jupiter Ventures SRL, located in the heart of Bucharest. A worrying note is their illusionary affiliation with the unrecognized entity called FMRCC. Even more disconcerting, they have opted out from the Financial Commission, an institution designed to protect and aid consumers in financial transactions. MaxiTrade's credibility takes another hit. They falsely claimed to be a licensed member of the Labuan FSA, further exacerbating the existing trust issues. Individuals involved in my dealings with MaxiTrade included Fabian Farbas, Will Johnson, and Sam Matthews, the latter revealing his real name to be Azhar. Notably, their manager, known as Lawrence Morgan, played a significant part in my affairs, further reinforcing the negative experience. In conclusion, my relationship with MaxiTrade has been nothing short of a harrowing experience, marked by a blatant disregard for commitments and the withholding of my funds. I advise anyone considering a partnership with this trading entity to tread with caution. Contact: Lawrence Morgan 371 25 602 605.