Maxitrade Scam broker

Maxitrade Scam broker

maxitrade scam

You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. Savers are investing their money in fraudulent online trading sites offering the promise of potentially huge payouts with little risk attached. Thousands of pensioners are at risk of losing their life savings in a rapidly growing financial scam that British authorities are powerless to clamp down on, The Independent can reveal.

⋆ Maxitrade Review ⋆ Is Maxitrade.com Legit Broker or a Scam?

MaxiTrade offers its users different types of accounts that are sorted by the deposit amount and vary in settings, options, bonuses, quick withdrawals and one on one support availability. Regulators have long adopted the rules of the game of the Forex market and they seek to stringently follow their strict position in relation to brokerage companies. The desire is fair, since scam projects and fraud are widespread in the industry.

Tenure is important, but the tools and services that a company offers to different countries hold greater importance. I would also like to note that Crypto broker Maksytrade is regulated by Cyprus Securities and Exchange Commission (CySEC) and participates in Investor compensation fund, which stands for its reliability. All clients of PrimeTime Finance enjoy the highest level of support.

Also available through the site are up-to-date financial news and quarterly reporting dates for the world’s leading companies. The economic news calendar describes the events why forex is a scam of world markets, shows their influence on the Forex market. Worthy of note, Saxo Bank’s expert support is a round the clock operation stretching from Monday to Friday.

We do not recommend to trade with Maxitrade since this broker has been suspected as a scam broker. The company boasts of easily accessible training materials and its technical equipment are intuitive. Many traders want Forex to have the same treatment as the stock and commodity markets. Of course, scam and fraud are frequent phenomena. A bankrupt company may appear, but the currency market cannot be presented in a negative light due to this.

If the bonus accepted was up to $10,000, the turnover target (volume traded) was 10,000,000 or 1000x. This is insane,in the heyday of binary options, worst turnover minimums were around 30x.

Between 65% and 89% of retail investors lose money with trading in CFDs. Forex trading carries a high level of risk and may not be suitable for all investors.

Welcome to Maxitrade — a safe and secure trading platform. Discover the endless possibilities of trading cryptocurrencies.

Do you know you have a good chance to get your lost funds back? A number of unregulated brokers like Maxitrade have been reported to scam people.

  • There is also distrust towards broker companies that can artificially inflate market volatility and, as a result, distort market pricing.
  • Surprisingly enough, there is quite a handful of complaints online regarding Maxitrade.
  • CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
  • Any trader from any walk of life can always count on good customer support with the company.

It seems that there is only web trader version available, meaning that there is no client app to download, at least not one we could find. Here traders have to be very careful. They must understand that the broker is not a financial advisor. 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. The bonus is a controversial topic in online trading.

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. At the time of writing, they had about 268 signals available right on the platform and I am sure this will appeal to many people.

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. You acknowledge and agree that in the event that any Transaction is completed at prices that do not reflect actual market prices due to any reason, including an undetected programming error or glitch or any other reason which results in a mispricing, we reserve the right to cancel or roll-back such Transactions. To execute trading operations over the phone Company’s employees may provide technical assistance to Clients in the opening/closing / changing parameters of transactions (take profit, stop loss) on behalf of Clients on the phone. If customers do not agree with the use of the Service of the Company, they may notify the Company or not to use this Service. The Service carries out your Transactions on an execution-only basis.

KNF (Poland): Warning against Maxitrade

Saxo Bank introduced the SaxoTraderPRO and SaxoTraderGO platforms, OANDA has a platform of the same name, and MaxiTrade provides the opportunity to trade on the xCritical platform and the MaxiTrade trading platform. Platforms of all these companies can be used on a personal computer, tablet, and smartphone. There is also distrust towards broker companies that can artificially inflate market volatility and, as a result, distort market pricing. Regulators also mention the unstable operation of trading platforms.

At first glance, the comparison of the three companies may be uncalled for, given the considerable difference in industry tenure. Have you been scammed by https://maxitrade.blog broker and lost your money to them?

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. Technically its regulated by Labuan IBFC, which is the first time we hear about this jurisdiction. Binary options are prohibited in the European Economic Area.

The website which provides exhaustive information draws attention to itself. Based on the number of trading instruments, the company is not inferior to competitors and even surpasses them.

maxitrade scam

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