MaxiMarkets scam review – can the reviews be trusted?
MaxiMarkets is an international brokerage company founded in 2008 and registered in London. For more than 10 years of work in the financial services market, the company has managed to develop high-quality service and win the loyalty of many speculators.
The company is a member of various influential financial structures such as the Association of Russian Banks, the Association of Regional Banks of Russia, etc. The broker provides an extensive selection of trading terminals and instruments, as well as more than 45 currency pairs for convenient and high-quality trading.
Terms of cooperation with a broker
Before proceeding with the conclusion of agreements with MaxiMarkets, you should familiarize yourself with all the opportunities provided and the terms of their use:
- To start trading, the company offers 6 types of accounts with different conditions. Trading with a Mini account can be started with a minimum investment of $ 500. The Standart account invites customers to start with a deposit of 5000 US dollars. An ECN account becomes available with a deposit of $ 50,000 or more.
- The minimum trade size depends on the account chosen by the trader. It ranges from 0.1 to 1.5 lots. Leverage, again, depends on the choice of trading instruments and is in the following options: 1: 100, 200, 400.
- Do not rush to trade on real accounts, as the broker provides an opportunity to try all the advantages of the program on a demo account. The demo account is free and opens all the terminal options so that the trader can familiarize himself and try the tools provided by MaxiMarkets, conduct market analysis and test his trading potential using virtual money.
- The broker gives the speculator the opportunity to choose the trading terminal that is most convenient for him. There are several of them on the company’s website: MT4, the xCritical online platform and a new, proprietary broker’s terminal – MaxiMarkets. Also, for the convenience of customers, a mobile version of the official website and an application running on iOS and Android platforms are available.
If a trader has found suitable conditions for himself, he can register on the site, which does not take much time.
Advantages of MaxiMarkets
The main advantage of the company is its strong educational base. The broker takes care of newcomers to the market, giving them the opportunity not only to try their hand at using a demo account, but also to learn how to trade in real time. Articles, webinars, books and dictionaries, one-on-one training and much more can be found freely available on the brokerage company’s website.
Client reviews about MaxiMarkets broker
The broker has been on the market for a relatively long time. During this time, he not only managed to develop and improve his capabilities, but also received a lot of client feedback. The opinions are rather contradictory: both positive and negative comments live on the network.
Traders consider the main disadvantage of the company to be too high a starting threshold to start real trading </ a > – $ 500. Also, the broker receives most of the negative opinion for the excessive imposition of bonuses by managers, and, at the same time, the lack of response from technical support to requests, which casts doubt on the quality of customer service. Do not forget to mention the “oversaturation” of the site, which makes it inconvenient, about the presence of problems with the withdrawal of funds and the absence of a regulator license.
Positive points are also noted by users. Among them, there is a good educational base, designed to help beginners understand the intricacies of the work of foreign exchange markets and operations on them, professional analytics, detailed SMS signals, a convenient personal account and variation when choosing a terminal.
Given the versatile nature of the reviews, a market speculator should familiarize himself with all accompanying documents before starting to trade using the intermediary services of the company.
