MaxiMarkets Broker Information
- Jurisdiction: Saint Vincent and the Grenadines
- Regulators: no
- Founded: 2008
MaxiMarkets Quick reference
MaxiMarkets positions itself as a forex broker, but it also provides access to stocks, indices, agricultural commodities and energy for CFD trading. The company offers to invest in precious metals, cryptocurrencies and portfolios (individual indices).
MaxiMarkets clients enter into transactions on the XCritical or MetaTrader 5 platforms. The broker provides services with a deposit of at least $500. It promises leverage from 1:100 to 1:400, tight spreads and zero deposit/withdrawal commissions.
Date of foundation. MaxiMarkets has no clear information on when it started to provide forex services. There are two dates on the official website - 2008 and 2010. The history of brand development is not disclosed.
Regulation. According to maximarkets.org, the company operates in accordance with the Law of the Russian Federation “On the Securities Market” dated April 22, 1996 No. 39-FZ. This federal law stipulates that a professional market participant must have a license. Maxi Markets Limited Company, which owns the MaxiMarkets brand, does not show the license.
Location. Maxi Markets Limited Company is allegedly registered in Saint Vincent and the Grenadines. The coordinates are: Suite 305, Griffith Corporate Centre, Beachmont P.O.Box 1510, Kingstown, St. Vincent and the Grenadines. The offshore registry ID is 24309 IBC 2017.
MaxiMarkets does not indicate the address of its office in Russia.
Website. The broker uses at least a dozen of similar sites. These include maximarkets.to, maximarkets.org, maximarkets.info, maximarkets.limited, maximarkets.biz, maximarkets.ai, maximarkets.so, maximarkets.vip, maximarkets.vc, maximarkets.global, maximarkets.cfd, maximarkets.mobi , maximarkets.cx.
Contacts. To contact the support service, you can call +7 (499) 7543310 (Russian code) and +7 (499) 5504430 (also Russian code), write to Skype user Maximarkets, online chat on the official website maximarkets.org or on email firstname.lastname@example.org.
MaxiMarkets trading terms
MaxiMarkets does not provide its customers with training (demo) accounts. Users choose one of six real accounts: Mini, Standard, Silver, Gold, Platinum, ECN. Accounts offer different first deposit amounts and a corresponding set of benefits.
The online chat is available to all MaxiMarkets clients; signals on the platform and daily review are also sent via email to all the clients.
The Mini account requires a minimum deposit of $500. The minimum trade is 0.1 lot. The trader does not receive any benefits and uses a platform with reduced functionality.
Standard account costs $5,000. The minimum trade is 0.1 lot. The trader gets access to all the instruments of the platform and uses the signals that come to his smartphone.
The Silver account requires the first deposit in the amount of $7,500. The minimum trade is 0.5 lots. The benefits are the same as for Standard account traders.
Gold account costs $10,000. The minimum trade is 1 lot. The benefits are the same as in the Standard account.
Platinum account requires minimal deposit of $25,000. Minimal trade is 1.5 lot. The client trades all by himself/herself, uses all the features of the platform and receives real-time SMS signals.
ECN is an account that involves trading directly through a bank. MaxiMarkets will open it if a person deposits $50,000.
The minimum trade under ECN conditions is 1 lot. The trader gets the whole list of benefits: online chat, one-on-one trading, access to all platform features, signals on the platform, daily review by email, real-time SMS signals.
The broker motivates users to register on maximarkets.org with a bonus. So, the company gives a welcome bonus of 30% on the first deposit from $1,000. Bonus funds need to be worked off.
The official website of maximarkets.org has constantly updated analytics. The site also provides educational materials and online TV. There you can also find the specifications of the tools.
Personal account and terminal
Users, who register on maximarkets.org, get an account. It is conditionally divided into several zones: a cash desk for replenishing a deposit and withdrawing funds, displaying the account status, and administering personal data.
MaxiMarkets conducts client accreditation. Using the accounts, clients upload scanned copies of their passport (or identity card, driver's license, international passport) and a document that confirms the address of residence (a utility bill is suitable). If the documents pass the verification, the user will be considered accredited.
Through a personal account MaxiMarkets clients go to a browser terminal. In the program they analyze the chart using indicators, open trades and leave limit orders.
Depositing and withdrawal of funds
MaxiMarkets supports transfers from/to Visa, MasterCard, Maestro, Alfa Bank, WebMoney, Yandex.Money, Moneta.Ru, Bitcoin, Wallet One, Neteller, Skrill, CryptoWallet, CEX.IO. Bank transfer transactions are also possible.
The minimum deposit amount is $500, but the broker recommends starting with $1,000-$1,500. The term for crediting is not specified. The minimum withdrawal amount is $50. Receipt of money should be expected within 5 banking days.
There are supposedly no commissions for deposit/withdrawal.
Conclusion about MaxiMarkets
In Runet, MaxiMarkets has mostly negative feedbacks. Users from Russia, Kazakhstan, Ukraine and Belarus report that the broker is cheating using different tricks.
If you have traded with MaxiMarkets, please share your experience. Leave a review on the BrokerTribunal website.