MaxiTrade Broker Test

MaxiTrade Broker Test

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MaxiTrade Broker Test


Today we will talk about (Migtrade Co.). We advise all investors and traders to avoid MaxiTrade and other brokers from St. Vincent and the Grenadines. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as AvaTrade and Plus500.

Broker Types

You can read our detailed article about the risk of trading with brokers from St. Vincent and the Grenadines. This is a pretty decent setup, however, the trading conditions are terrible.

It will be form your “senior account manager”, who will be impressed by your trading results, but will simply explain you that if you want to make some real money, you will simply have to invest more – like 10 000 USD or so. 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. Similarly with CySEC brokers the compensation can reach 20 000 EUR.

Students can watch online lessons as many times as they want. The recordings are always available at any time. After passing a lesson, it is offered to complete a test to Maxitrade check the student’s knowledge. Access is granted after consulting with the personal analyst that is given by the broker. Profitable trading requires a lot of attention.

Choosing an international Forex broker, traders should pay attention to the reliability of the company, its convenience for users, the presence of useful tools, a clean legal reputation. MaxiTrade possesses all these qualities and more competitive qualities. 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.

It offers the above account types and trading on the industry’s standard MetaTrader 4 platform with seemingly good spreads. In spite of this, we cannot recommend this broker, because it is not regulated. Make sure you read this review prior to investing with MaxiTrade.

MaxiTrade wins the competition as it permits customers to work without paying commissions. The system of account replenishment and profit withdrawal is highly convenient and is made clear to any trader. These actions can be done with credit cards, bank transfers, web-wallets, and the like through well-known global payment systems. Saxo Bank and OANDA have a longer market experience, both of which were founded in the 90s.

Every trader is obligated to check the legal status in their respective jurisdiction on their own. On the other hand brokers, regulated by respectable financial institutions, such as the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC) or the Cyprus Securities and Exchange Commission (CySEC), do guarantee the security of your investment, as among others, they are required to allow external audits, to file regular reports, to provide a negative balance protection to their customers, to keep their money in a segregated, protected form creditors account, to maintain some minimum operational capital and in some cases even to insure traders money. Reviews about the work of various Forex brokers are diverse.

This type of trading can be a good choice for newcomers, as the future course can be partly predicted by reading news. Depending on different situations in the country and world, the price for a certain currency can change. It is highly influenced by the economic market. The pros of this type of trading are an unlimited supply, high leverage rates, high liquidity and a possibility to easily make a trading plan based on future events. There are a lot of techniques for specific analysis that allow to predict the economic changes ahead.

  • Don’t expect to be a pro using it the first time, but it will be fairly easy to get used to.
  • The company is registered with the International Financial Market Relations Regulation Center (IFMRRC), with Certificate 0395 AA V0128.
  • I want to draw your attention to the fact that Maxitrade broker offers unique bonus conditions .
  • Trading FX or CFDs on leverage is high risk and your losses could exceed deposits.

Forex brokers, Saxo Bank, OANDA, and MaxiTrade can be cited as successful examples of operations in the financial market. Their online reputation attests to their legitimacy. The Forex market has been popular with traders for decades.

Minimum deposit is $250 and can be made via credit cards, wire transfers (you will have to contact a representative if you want to wire them money) and a few online payment solutions such as Qiwi and WebMoney. There’s also an option to deposit using Bitcoin but for that, you will be redirected to a third party payment processor where you will buy Bitcoin using a credit card. I don’t understand why I would use this method considering that I can deposit directly with my card on Maxitrade’s website.

Grahamalpha review – 5 things you should know about offers over 75 forex currency pairs, stocks, index, cfds, bitcoin and other cryptocurrencies for your personal investment and trading options. There is no exact explanation on the broker’s page that the minimum deposit is $250.

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. Such leverage will suit most trading styles and is yet no dangerously high.

Nimble Markets Review – 5 things you should know

Registration takes less than a minute. MaxiTrade’s cryptocurrency trading apps are being developed for Android and iOS. Users can download the app from Play Market or App Store. It is possible to register a new or authorize with an existing account.

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. The trading platform is offered by XCritical (Quant ROI Ltd) and it’s a nice mix between user friendliness and functionality, with enough features to keep more advanced traders satisfied. Don’t expect to be a pro using it the first time, but it will be fairly easy to get used to.


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