Maxitrade Quick reference
The company reports on its focus on cryptocurrency trading, but is trying to work like a universal broker. Owned by Day Dream Instruments Ltd, registered at offshore Marshall Islands. It is owned by Day Dream Instruments Ltd, registered at offshore Marshall Islands. It does not provide data on licensing activities.
Only the certificate of the Russian Financial Market Relations Regulation Center is published on the site. The founding date is also not indicated, but five and ten years of experience are mentioned on different pages of the site.
Two types of software are offered:
- MT4, that needs installation;
- XCritical, that allows to work online with login and password.
Maxitrade Trading Accounts
During the formation of the accounts, the company went the traditional way: the higher the deposit, the more opportunities a trader will get.
Start: this account is available with investments from $ 250 to $ 3,000. They promise access to educational and analytical materials. Welcome Bonus is 50%.
Silver: this account can be opened with a deposit from 3 thousand to 10 thousand USD. You get bonuses 100% of investments when opening the account. A personal financial analyst is added to the capabilities of the Start account.
Gold: this account requires an investment of $ 10,001-50,000. Bonus is 120%. For such clients once a week analyst will do an individual review of the trading account within half an hour. They promise an accelerated withdrawal of funds.
Platinum: this account can be opened with deposits ranging in size from 50 001 to 100 000 dollars. The bonus is similar to the previous one. They promise a two-hour weekly session with a financial analyst, withdrawing money at the highest priority, developing a personal strategy and drawing up a quarterly trading plan.
VIP: this account is designed for customers capable of depositing more than 100 thousand dollars. Welcome Bonus is 150%. It is stated that working with a personal financial analyst is possible without any restrictions - as much as the trader wishes. The broker makes up not only a quarterly, but also an annual plan for the client. A real-time trade demonstration of professionals and some VIP tools are offered, the details of which are supposed to be specified individually.
The user agreement stipulates the opportunity of opening an Islamic account.
There is a special offer for the period of the reporting season in the United States, when all large companies and corporations publish financial results. These data have a significant impact on the securities market.
Registration in Maxitrade
The procedure is typical. First you need to fill in a form with the name, surname, country, phone and email. A confirmation link will be sent to your email. You can provide for a security question - it is used when making transactions by phone.
All calculations are carried out in dollars. The user agreement states that the company will transfer any income in USD, and the conversion fee will be deducted from the trading account. There is no exception for cryptocurrencies, which is very strange for a broker who declares his focus on cryptocurrency trading.
Replenishment and withdrawal in Maxitrade
The following logos are located at the bottom of the home page:
This is probably the way to deposit and withdraw money. And all other details are offered to be found out in private communication.
You can read in the user agreement that the minimum withdrawal amount is 50 USD. If less than five transactions are completed before withdrawal, then a commission of 5% will be charged. All transaction costs are at the user's expense.
Conclusion about Maxitrade
The company activities are not regulated. The site is full of advertising, but many important aspects are not stipulated. Partially, they can be learnt from the user agreement - it turns out that the conditions are far from being so favorable, and the declared generous bonuses are very difficult to implement.
The focus on the cryptocurrency sphere coexists with the statement on the transfer of all investments in dollars with a commission at the expense of the client and at what rate is not entirely clear.
We advise you to think carefully: is such company worth trusting?