You also get a notification when your orders get fulfilled. This is a push notification, available on both web and mobile platforms. If you are not familiar with basic order types, read this overview. You can upload a national ID card, passport or driver’s license to verify your identity. Utility bills and bank statements are accepted as proof of residency. Answer a couple of questions relating to your financial knowledge and trading history.
On the downside, the desktop trading platform is less user-friendly and the design feels outdated. It was hard to navigate the platform and it felt too crammed with functions. You can search by typing the name of the product you’re looking for or browsing a categorized product list. It is extremely customizable.You can easily add, remove, or change the size and position of tabs to create your own unique trading platform.
Potential clients without sufficient knowledge should seek individual advice from an authorized source. CFDs and cryptocurrency trading entails significant risks and there is a chance that potential clients lose all of their invested money. First time traders get a welcome bonus of up to 120% and a much faster withdrawal time.
MXM’s unique design allows it to replace hashing power with the holding of MXM tokens to gain mining rewards. This is an ideal solution as it makes cryptocurrency mining more accessible to the common investor looking to enter the mining industry. With lower barriers to entry, lower risks, lower electricity fares and higher profitability, it is to no wonder why MXM has forex analytics been gaining rapid traction among the masses. Come the end of the crypto winter, the entire cryptocurrency market will become much clearer and more rational and valuable. It will foresee the birth of many specializations within the blockchain industry, of which includes the growing presence of MaxiMine that has come to dominate the space of cryptocurrency mining.
The broker has a knowledgeable client support team that can be contacted via telephone, email, Live Chat, and social media. Maxitrade has fallen prey to dishonest competitors and clients more than once. Please note that Forex is unpredictable and extremely volatile. No one is able to predict the dynamics of price volatility with absolute accuracy. This is one of the main reasons why investors can lose capital and why bad opinions about Maxitrade appear on the Internet. Maxitrade Forex Broker, which among other things specializes in cryptic trading, provides access to the global Forex market and the largest cryptic exchanges. Since Maxitrade broker is registered in the Grenadines and Saint Vincent, the activity of a Forex broker is regulated by the FCA.
It is developed for all levels of traders, and it comes with a user-friendly interface. It is an online platform that runs directly on modern web browsers. There is also the XCritical mobile app for Android and iOS devices.
- The trading account is available for traders with an average balance of 150,000 USD.
- When trading in the forex market, you’re buying or selling the currency of a particular country, relative to another currency.
- Broker Maxitrade is an idea of a large financial company Day Dream Investments Ltd.
- These Coupon Codes are also called coupon code, promotional code, discount code, promo code or voucher.
- One cannot really predict that far in the future to have a bulletproof trading plan.
- The “Silver” account, which is one level higher, offers better benefits.
For example, in the case of forex and stock index trading the most important fees are spreads, commissions and financing rates. This analysis, while able to tackle different categories cannot be considered exhaustive. It can be complete only after opening accounts on all three brokerage companies and working with them for a long time. However, it is noteworthy that indirect signs can show a lot.
There is also the XCritical mobile app for Android and iOS devices, which traders can download on their smartphones for easy access to the markets on the go. A coupon code from Maxitrade is a alphanumeric code that you use to get the discount on your order.
OANDA on the other hand pays more attention to this area of work. Its website contains all relevant forecasts, financial news, and video materials. We will not conduct a detailed analysis of the websites of all three companies, but we will note the main items. Without paying attention to the design, the most informative Foreign exchange market official webpage belongs to MaxiTrade. It has a great structure and visitors can easily find information they might be looking for. Saxo Bank and OANDA are not up to par with MaxiTrade with this respect. Afterwards you can already talk about your track record or the work duration of the broker on the Forex market.
Got Scammed By Maxitrade?
The first way is by simply clicking on “SHOW CODE”, copy the code and paste it into the shopping cart of the webshop. The other way is by clicking on ‘VIEW OFFER’, you will then be redirected directly to the webshop and the discount will be applied automatically. Great, just click on the “copy” button, go to your favorite online shop and redeem the code at the shopping cart. Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts.
Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as AvaTrade and Plus500. There is one more company behind the brand’s name, Spritecoms Ltd., incorporated in Dublin, Republic of Ireland. However, there is no connection between the mentioned Currencies forex companies and also neither of them is regulated in Ireland or any other country. Whether you’re new or a seasoned trader, you’ll find the right platform to meet your unique trading needs. If you would like to know more details about the account types offered, we do recommend visiting their website.
Author Of This Review
When we tested withdrawal, it took several weeks because we had a problem with credit card withdrawal. The reason for the problem was that Forex.com can’t send money to some MasterCard and Visa credit cards. Instead of credit Forex Maxitrade overview cards, we had to withdraw via bank transfer, but before doing so, customer service had to add and approve our bank account. It would be great to know in advance which cards are accepted for withdrawal and which are not.
Reviews about the work of Forex brokers may not necessarily be the best source for evaluation. Due to the high competition, sometimes even unfair, you can read companies that are easily labelled as fraudsters. However, the label “bankrupt” is not thrown around regularly as it would already be an obvious lie.
A bank transfer can take several business days, while payment with a credit/debit card is instant. You can only deposit money from accounts that are in your name. Opening an account only takes a few minutes on your phone. 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. As a result, ordinary investors no longer trust the financial markets. To become a successful trader, you need not only to master the skills of fundamental and technical analysis but also to use a reliable broker to trade in the financial markets.
Is Maxitrade A Scam Or Legit Broker?
This means that you can buy or sell currencies at virtually any hour. Having a parent company listed on a stock exchange, providing financial statements and being regulated by top-tier authorities are all great markers of Forex.com’s safety.