Reviews and review of the MaxiMarkets trading platform

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Choosing an online trading platform: MaxiMarkets

вњ… This Trading Platform is available in Ukraine

The modern world financial market is hard to imagine without one of its most interesting segments – online trading. Even the fact that there are a lot of swindlers among the real participants of the “retail” trades, who only call themselves brokers, and in fact are engaged in deceiving gullible traders, does not stop those who want to make money using the Internet.

The field of activity presented is associated with a high risk of losing your savings, but the statement that online trading is a 100% scam is not true. Many traders earn decent amounts by working in this direction. What determines the success of such projects? First of all, from the broker you have chosen to gain access to the financial markets. In order not to become a victim of scammers, it is necessary, before opening a trading account on the platform that interests you, carefully examine a potential partner. Consider how this is done on the example of the famous company MaxiMarkets.

Characteristics of the main indicators of the brokerage firm MaxiMarkets

This online platform has been a regular participant in the global financial market for about 10 years (in 2009, the creators of the resource provided their customers with the opportunity to quickly register an account and start implementing promising projects by buying / selling financial assets). The predecessor of the company in question is the famous European broker – Maxi Forex. This service is registered on the islands of Saint Vincent and the Grenadines, and its head office is located in London.

The list of positive indicators of broker activity includes:

• The resource administration guarantees its customers complete anonymity and an individual approach to each trader.

• There are no hidden fees, incomprehensible debiting of funds from trading accounts and the need to pay for services that you did not order.

• Partner programs MaxiMarkets allow you to earn good money, even if you do not have the necessary experience and knowledge.

• Traders have the ability to open / close trades over the telephone.

• Using MaxiMarkets application, broker clients can make financial transactions using modern mobile devices.

• The only fee that is charged to resource users is the fee for the transfer of leverage the next day, and the main source of profit for the broker is the spread.

The above factors are of interest to traders who are looking for trading platforms with the best conditions for cooperation, but this is not enough to make a final decision whether to register a login with MaxiMarkets or it makes sense to continue the search. To answer this question, we will continue to study the presented broker company.

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Security at MaxiMarkets

To begin with, the company’s head office in London and its representative offices in different countries of the world can be considered proof of the decency and reliability of MaxiMarkets. The connoisseurs who specialize in fraudulent schemes in this field do not like to show their “face”.

The use of the latest equipment and software, as well as a team of highly qualified specialists, reliably protect deposits and personal information of traders from detractors. In addition, the company’s employees must call back their customers, both during the registration of the profile and to obtain confirmation of the trader’s desire to withdraw money from his trading account. The most cautious users can insure their deposit (compensation for losses up to 100% of the insured amount).

MaxiMarkets Regulator

The biggest drawback of the broker is the lack of a license (permission) from well-known regulators in this field of activity. Unfortunately, the fact that the presented company cooperates with organizations such as The Financial Commission does not compensate for the lack of a regulator endowed with relevant powers (dispute resolution, legal support for traders, control over the fulfillment of obligations, etc.).

Training at MaxiMarkets

The creators of the resource paid a lot of attention to educating their potential customers. Almost everyone can get all the necessary information so that without preliminary preparation (without having the slightest idea about Forex and online trading) to engage in buying / selling financial assets and earn good money from it.

For training beginners apply:

    • Dictionaries of terms.

    • Educational articles about Forex and currency transactions.

    • Answers to questions on this topic.

    • Webinars.

    • Examples of various strategies with error analysis.

Beginners are given the opportunity to copy trades of professional traders and get training, using the support of a personal manager.

Experienced traders can significantly increase their income by correctly using the analytical information provided in the appropriate section of the web resource. This financial calendar, and reporting of large companies, as well as the latest economic news, charts and quotes.

After studying the theory, experienced traders recommend opening a demo account at MaxiMarkets to complete the practical part of the training program (this will allow you to save your personal savings and see how financial transactions are carried out in real time).

Rules of trading at MaxiMarkets

The creators of the company offer their customers to use the worldwide trading platform MetaTrader 4, an online platform or their own development, to work on the site. In addition to the training account, the following accounts are provided on the official web resource of the broker:

    • Golden.

    • Platinum.

    • Silver.

    • Standard.

    • Mini.

Additionally, traders can use a special ECN account, which allows users to work in areas where a conflict of interest between a broker and his clients is excluded. Some reviews prepared about MaxiMarkets contain recommendations to use this system, which, according to the authors, increases your chances of winning.

What opportunities does a trader get by choosing one of the above accounts?

The conclusion is quite predictable, the more you deposit money into your account, the more opportunities you get on the broker’s website.

General trading conditions at MaxiMarkets

Based on the reviews prepared on MaxiMarkets, it can be concluded that most traders consider the resource in question to be qualitative, in almost all key characteristics.

    • The first minimum deposit is $ 500.

    • Spreads – from 1.4.

    • The minimum transaction is 0.1.

    • Account currencies – dollars and euros.

    • Contests and bonuses – there is.

    • Affiliate program – provided.

    • Leverage – 1: 400.

MaxiMarkets Deposit and withdrawal

    • Yandex money.

    • QIWI.

    • Moneybookers.

    • WebMoney.

    • Western Union.

    • Popular cryptocurrencies.

    • Transfers of financial institutions.

    • Plastic cards.

MaxiMarkets Trading Instruments

In addition to currency transactions (both with fiat money and crypto coins), resource users can make transactions with precious metals and CFD contracts (indices, stocks, raw materials and other goods).

MaxiMarkets Review – is www.maximarkets.ru scam or safe forex broker?

Trading accounts and conditions

Account type Minimum deposit Minimum trade size Maximum leverage Average spreads
Mini $500 0.1 lot 1:400 2.5 pips
Standard $5000 0.1 lot 1:400 2 pips
Gold $10 000 1 lot 1:400 1.7 pips
Platinum $25 000 1.5 lot 1:400 1 pips
ECN $50 000 1 lot 1:400 0.5 pips

The broker has five types of live trading accounts: Mini, Standard, Gold, Platinum and ECN. We could not find a demo account readily available.

MaxiMarkets offers trading in over 45 forex pairs and CFDs on indices, stocks, commodities and energies, as well as in spot metals.

The Company. Security of Funds

Company Country Regulation
MAXI Platinum Limited Bulgaria No

MaxiMarkets is obviously a forex broker targeting the Russian-speaking traders, but is owned by a company based in Bulgaria, according to its site. The company, however, is not regulated neither by Bulgaria’s Financial Supervision Commission, nor by the Bank of Russia.

On its site the broker says that it is closely watching the developing situation in Russia, but the explicit requirement for forex brokers to be regulated there has not yet come into effect.

According to its site, the company is a member of the independent external dispute resolution (EDR) organization Financial Commission (FinaCom) whose members include forex, CFD and binary options brokers.

Overall, it is riskier to deal with unregulated brokers, no matter their good intentions and pledges that they will become regulated shortly. As a general ruler, it is much better and safer to deal with properly supervised brokers, as they comply with a wide set of rules and requirements, usually including the membership in client compensation schemes, keeping client funds in segregated accounts, as well as employee competence and capital adequacy. The different regulators provide different level and quality and oversight, with come, like UK’s FCA and the Australian Securities and Investment Commission (ASIC), being better than others.

Trading platform

Like the vast majority of forex brokers, MaxiMarkets offers MetaTrader 4 as its trading platform. The broker provides all versions of the MT4 – for desktop, web and Android and iOS mobile devices.

The MT4 has been the favorite of brokers and traders alike for over 10 years now and it does not seem it is going away anytime soon. The platform is user friendly, supports multiple types of orders, hedging and third-party APIs. The MT4 also provides various charting and technical analysis tools, Expert Advisors (automated trading) and a lot of other options.

Promotions

MaxiMarkets has several types of promotions. Among them are the “refer a friend” program, deposit bonus for new clients and a “100% insurance” of the trades when trading on news. All promotions are subject to additional terms and conditions.

Methods of payment

MaxiMarkets accepts payments with credit card and bank transfers. There is also the option to make a deposit through Qiwi, YandexMoney, WebMoney and the Russian instant money transfer system Zolotaya Korona.

Conclusion

Russia’s forex market is big and lucrative and it is understandable that many brokers want e piece of the action. There are, however, properly regulated forex brokers – both local and international – who offer their services to Russian traders, so it is better to choose one of them. In reality, MaxiMarkets does not that lucrative proposal and favorable trading conditions to choose it over another broker. – Its initial deposit is rather high and the average spread for the most basic type of account is a bit over the industry average. There is no micro account, either.

Pros Cons
MT4 Unregulated
High deposit
Broker Advantages

FXTM a regulated forex broker (regulated by CySEC, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.

Trading212 is a European broker with an excellent proprietary trading platform, which is now available as an iPhone app as well (we tried it out and we loved it). Trading 212’s customers enjoy fast execution a vast selection of trading instruments.

XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.

FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.

FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.

FBS is a broker with cool marketing and promotions. It runs an loyalty program, offers a $100 no-deposit bonus for all new clients outside EU willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.

FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.

HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum intial deposit for a Micro account is only $50 and is combined with 1000:1 leverage – one of the highest in the industry.

MaxiMarkets Review

Overview

MaxiMarkets – is the high-profile international company, successfully providing up-to-date services for its customers.

Details

Broker MaxiMarkets
Website URL maximarkets.org
Founded 2008
Headquarters Tower 42, 25 Old Broad St., London, UK
Support Types Chat, phone, skype, email
Minimum 1st Deposit $500
Minimum Trade Amount 1$
Bonus Bonus up to 30%
Payout Up to 30% 80%
Leverage 1:400
Spread from 2 points
Free Demo Account Open Demo
Regulated
Regulation IFSC, FinCom
Account Types Demo, Micro, Mini, Standard, Gold, Platinum
Deposit Methods Bank transfer, Visa, Mastercard, Maestro, Internet banking, MoneyGram, Webmoney, QIWI, Yandex Money, RBC Money, Moneta.Ru, etc.
Withdrawal Methods Bank transfer, Visa, Mastercard, Maestro, Internet banking, MoneyGram, Webmoney, QIWI, Yandex Money, RBC Money, Moneta.Ru, etc.
Number of Assets 100+
Types of Assets Forex, stocks, indices, futures, metals, raw materials, CFD-contracts
Account Currency USD
US Traders Allowed
Overall Score 3/10

Full Review

However, is MaxiMarkets a scam or a respectable company, which you can trust? We answer this question in the detailed overview of the broker.

MaxiMarkets – one of the most informatively active companies. The broker houses within Russian Bankers’ Association and Association of Regional Banks of Russia, analysts of the companies attend the Supervisory Council SRO RCFT. MaxiMarkets partners are the powerful financial structures («IAFT», «123Service» holding croup, «AKBR»). Analytical materials of the broker are used by financial market leaders (Bankir.ru, VestiFinance, Investing.com, InvestForum, TatCenter and other). With the team of the brand there are leading financial analysts and experts of economical sciences, this allowed getting the keen perception of financial markets and sterling serviceс.

MaxiMarkets – is a contemporary Forex broker, which mission is to provide the quality services for online trading. The broker offers safe terminal for trading MetaTrader, most popular by traders, there is also its own robust platform, which let you work quickly with the wide range of tools, execute transactions involving monetary resources, get latest information.

Over 100 financial tools are waiting for the company customers (currency pairs, precious metals, energy, indexes, basic stores etc.). For smooth 24 hours trading you may use free sms-signals, daily analytics, video-forecasts, training toolkits, video lessons (including the unique training program “One on one” with custom-tailored approach), account manager support and many others). It is safe to say that broker set itself up for determined effort suggesting maximum solutions for those Forex traders who came to make good money. Not merely professionals feel comfortable working with it but also binary novices, getting here the invaluable trading experience, taking advantage of tutorials and free books.

Deposit and withdrawal

MaxiMarkets offers advanced capabilities for deposit and withdrawal. To deposit on your account you need to sign up by the broker, add funds, choose the convenient transaction way (minimum deposit is 500$). For withdrawal the trader may use also the current payment systems — from usual plastic cards to electronic wallets:

  • Yandex Money,
  • WebMoney,
  • RBK Money,
  • QIWI,
  • Moneybookers,
  • Zolotaya korona,
  • Blitz,
  • Western Union,
  • Bank transfers, as well as plastic cards MasterCard and VISA etc.

The funds are available for trading right after the payment. The withdrawal is possible for authorized traders only, taking usually from some hours to three days. There are no withdrawal commissions, neither the transfer restrictions.

Complaint against MaxiMarkets

Despite of MaxiMarkets impressiveness, its transparent policy, proving its image and success there is absolutely different feedback in Internet, both positive and negative. Some traders point among advantages the good training base which is ideal for novices, professional analytics, detailed sms-signals, professional service, quick payouts, convenient personal account and terminal.

However there are the issues, too, which are enough in Internet today: the high market entry threshold to real trading (500$), the website is user unfriendly, withdrawal issues, touting unfavorable bonuses by managers, unprofitable trading signals, support service issues (does not work, does not react on requests). Besides MaxiMarkets does not follow the feedback in Internet, traders point this, too.
To avoid negative dealing with the broker, verify the account fully, study the bonus provision conditions carefully as well as withdrawal procedure.

Generally, despite of the sheer number of different feedback, MaxiMarkets operates in the financial service market effectively enough, to be sure, it has absolutely serious intentions. It is to be hoped that the company plans its service enhancement and following feedback from traders.

If we find complaints about MaxiMarkets, we will post it on social media. Follow us to be well informed:

MaxiMarkets is it a scam?

MaxiMarkets is quite ambitiously represented in the financial market and reveals advanced trading capacities. The broker houses within the mighty financial structures (Russian Bankers’ Association, Association of regional banks of Russia etc.), among its partners there are powerful financial structures, its analytical materials are being used by financial market leaders (Bankir.ru, VestiFinance and others). Everything points to the fact that we face not a smalltimer but a complicated structure performing a certain mission.

The company operates successfully around the globe, offers the quality service and innovative trading capabilities, getting various feedback. One of the positive factors is providing safe products for trading: popular Метатрейдер platform (4 and 5), as well as its own robust terminal. The development of its own platform is its significant advantage proving that the company is ready to invest a lot into the quality and advanced trading capabilities, unlike scam artist websites This fact establishes trust.

Informative official website of the broker (including its Russian version), bonuses, availability of a cheer number of analytical information materials, accounting system, free demo account, support, professional trainings — ll this proves the considered customer care policy, which is also impossible for scammers. MaxiMarkets is a certified broker officially recognized in several countries, which effects positively the user attitude.

Shall we consider MaxiMarkets scam lottery? We suppose, not. It is proved by almost 10 years of effective cooperation with traders, along with the well established policy with serious entities, partnership with financial market leaders. To avoid issues with the broker, deal with your account manager right, ask him about bonus usage pattern, withdrawal procedure etc.

Broker’s regulator

MaxiMarkets belongs to the international financial holding group MaxiServices Ltd, registered in Great Britain, it performs its activity under English regulations.
The broker houses within IAFT, Association of regional banks of Russia ASROS, Russian Bankers’ Association (ARB, No. 1800, ARBR No. 581), is a member of Financial Commission (FinCom), cooperates with mighty financial structures and media outlets of Russia. All this speaks for the transparency of its activity and secures the trading safety and credibility.

MaxiMarkets bonuses

Each company trader may get 2 types of bonuses:

1) «Bonus 30%» to the first deposit amount. To get the bonus you need to add funds on your real account (at least for 1 000$), send the supporting documents to the broker. After that the bonus is available for trading. Ask your account manager about the offer conditions.
2) Hedging. The broker is ready for 100% reimbursement of the total loss. This is a sterling opportunity to get funds to your account in case of bad buys. Ask your account manager about the offer conditions.

Conclusion

MaxiMarkets brokers operates quite successfully in the financial service market for almost 10 years already. The company pays great attention to the traders training, innovations and service quality, what is pointed in its positive feedback. The broker established effective partnership with the mighty financial institutions, holds licenses, cooperates with the powerful media outlets providing analytics. However there is the negative feedback from traders in Internet, which the company is supposed to follow changing the situation for better and keeping its service enhancement.

We point also that the broker has a solid image, proves the professionalism and reliability, so today we will not consider MaxiMarkets a scam artist. But the feedback from traders we expect for this review may not merely effect the broker rating and status, but warn the market players from potential problems.

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