General Information
Maxitrade Is A Poland-based Forex Broker Whose Operations Are Not Subject To The Necessary Regulatory Oversight Provided By Reputable Bodies Such As The CFTC Or FCA, Raising Serious Concerns About Its Legality And Investor Protection. With A Relatively High Minimum Deposit Requirement Of $500 For Entry Accounts And A Maximum Leverage Of Up To 1:200, The Broker Targets Potential Profits, But Its Point Spread Starts At 3.8 Pips For Mini Accounts And May Not Be As Competitive As Other Brokers In The Market. In Addition, Maxitrade's Limited Educational Resources Cannot Support Traders In Improving Their Skills And Knowledge. While It Offers A Range Of Tradable Assets And Account Types, Including Islamic Account Options, Its Lack Of Regulatory Certification And Lack Of Comprehensive Educational Materials Make It Ideal For Traders Seeking A Safe And Transparent Trading Experience.
Pros And Cons
Maxitrade Offers Multiple Trading Tools And A Tiered Account System, But A Lack Of Regulation, Allegations Of Unethical Conduct, Aggressive Marketing Strategies, And Limited Educational Resources May Prevent Some Traders From Considering It As A Preferred Broker. Traders Are Encouraged To Exercise Caution And Explore Regulated And Reputable Alternatives For A Safer And More Transparent Trading Experience.
Market Tools
This Broker Offers A Wide Range Of Trading Tools To Meet The Different Needs Of Investors And Traders. These Tools Cover A Wide Range Of Asset Classes, Providing Opportunities For Different Trading Strategies And Risk Profiles.
Share: Maxitrade Allows Traders To Buy And Sell Shares In A Wide Range Of Listed Companies. Shares Represent Ownership Of A Company And Are A Common Choice For Investors Looking To Benefit From Dividend Income And Potential Capital Appreciation. The Product Enables Traders To Participate In The Stock Market And Potentially Profit From The Performance Of Individual Companies.
Cryptocurrencies: Brokers Also Offer Access To The Cryptocurrency Market, Where Traders Can Trade Digital Currencies Such As Bitcoin (BTC), Ethereum (ETH). Cryptocurrencies Are Popular As Speculative Assets And Stores Of Digital Value. They Offer Traders The Opportunity To Profit From Price Fluctuations In This Volatile Market.
Indicators: Maxitrade Provides Access To Various Stock Market Indices, Enabling Traders To Speculate On The Overall Performance Of A Particular Market Or Sector. Popular Indices Include The Standard & Poor 500, Nasdaq, And FTSE 100. Trading Index Instruments Can Be An Effective Way To Diversify Your Portfolio And Hedge Against Market Volatility.
Forex: Brokers Offer Forex Trading That Involves Buying And Selling Currency Pairs On The Forex Market. Traders Can Trade Major, Minor And Exotic Currency Pairs, Making It One Of The Largest And Most Liquid Financial Marekts In The World. Forex Trading Is Known For Its High Liquidity And Profit Potential In Both Rising And Falling Markets.
Commodities: Maxitrade Allows Traders Access To Commodity Markets Where They Can Trade A Wide Range Of Commodities Such As Oil, Gold, Silver And Agricultural Commodities. Commodities Can Be Used As A Hedge Against Inflation And Geopolitical Uncertainty, Making Them Attractive Assets For Diversification.
Account Types
Maxitrade Offers A Layered Trading Account System Designed To Meet The Different Needs And Preferences Of Traders, From Beginners To Seasoned Professionals. These Account Types Are Designed To Provide A Variety Of Features And Services That Cater To Different Trading Levels, Allowing Traders To Choose An Account Type That Matches Their Abilities And Goals.
Starter Account: This Starter Account Is Ideal For Newcomers To The Trading And Investing World. It Requires A Minimum Initial Deposit Of $500 And Is Suitable For People With Limited Capital. Despite The Lower Deposit Requirements, The Starter Account Provides The Necessary Services To Help Traders Immerse Themselves In The Market And Potentially Increase Their Investments.
Bronze Account: The Bronze Account Is Designed For The More Experienced Trader With A Minimum Initial Deposit Of $4,001. This Account Type Provides Additional Tools To Improve Profitability, Including Access To High-quality Trading Signals Provided By Professional Analysts. It Caters To Individuals Who Are Looking To Take Their Trading To The Next Level.
Silver And Gold Account: The Silver And Gold Account Is Suitable For Traders Who Are Ready To Make Larger Amounts Of Investments, Starting At $15,001 For Silver And $60,001 For Gold. These Accounts Offer Greater Profit Potential And Have Advantages Such As Priority Processing And 24/7 Trading Signals From Professional Analysts. They Are Ideal For Traders Looking To Maximize Their Trading Power And Benefits.
Platinum And VIP Accounts: These Accounts Are Designed For Wealthy And Experienced Traders Seeking Super Profitable Trading Opportunities. With A Minimum Initial Deposit Of $100,001 For Platinum Accounts And $500,000 For VIP Accounts, These Accounts Offer A Full Range Of Analyst Services And Access To Private Webinars From Market Experts. They Offer Unique Advantages To High Net Worth Individuals Seeking A Premium Trading Experience.
Traders Also Have The Option To Convert Any Account Type To An Islamic Account, Ensuring Adherence To Islamic Finance Principles.
Maxitrade's Tiered Account System Ensures That Traders Can Choose The Account That Best Suits Their Financial Capabilities And Trading Objectives, Creating A Personalized Trading Experience.
Leverage
Maxitrade Offers Clients Maximum Trading Leverage Of Up To 1:200. This Leverage Ratio Means That For Every Unit Of Capital Invested, A Trader Has The Potential To Control 200 Times The Market Position. In Other Words, If A Trader Owns $1, They Can Trade With An Addressable Market Risk Equivalent To $200.
The Main Purpose Of Leverage In Trading Is To Amplify Potential Gains And Potential Losses. While It Can Enhance Profit Potential When The Market Moves In A Favorable Direction, It Can Also Increase The Risk Of Significant Losses If The Market Moves Against A Trader's Position. Traders Should Therefore Exercise Caution And Use Leverage Wisely, Taking Into Account Their Own Risk Tolerance, Trading Strategy And Market Conditions.
The Relatively High Leverage Ratio Of 1:200 Allows Traders To Trade Larger Positions With Relatively Little Capital. It Is Commonly Used In A Variety Of Financial Marekts, Including Forex And Some Commodity And Index Trading. However, Traders Should Always Be Mindful Of The Risks Associated With High Leverage And Use Risk Management Tools (e.g. Stop Loss Orders) To Help Protect Their Trading Capital.
Spreads And Commissions
Maxitrade Offers A Variety Of Spreads And Commissions, Depending On The Type Of Trading Account Selected. These Spreads Are Expressed In Pips And Represent The Difference Between The Buy (sell) And Sell (buy) Prices Of A Particular Currency Pair Or Asset. In Addition, Brokers Also Charge Rolling Commissions On Unpositioned Squaring Positions And Extend Them To The Next Trading Day. Here Is A Breakdown Of The Spreads And Commissions:
Pip Spread:
Mini Account: Spreads For This Account Type Typically Start At 3.8 Pips For Currency Pairs Such As AUD/CAD And Vary By Asset.
Standard Account: Standard Accounts Offer Competitive Spreads, Which Are Typically 3.3 Pips For The Same Currency Pair And Vary By Asset.
Silver Accounts: For Silver Account Holders, Spreads Start At Around 3 Pips, Providing Traders With Smaller Spreads Compared To Mini And Standard Accounts.
Gold Accounts: Gold Account Holders Enjoy Narrower Spreads, Usually Starting At 3 Pips, Providing More Cost-effective Trading Conditions.
Platinum Accounts: Platinum Account Holders Benefit From The Lowest Spreads, Usually Just 2.3 Pips, Making It The Most Advantageous Option For Traders Seeking Highly Competitive Spreads.
Rolling Commissions:
Maxitrade Implements Rolling Commissions On Unpositioned Squaring Positions And Extends Them To The Next Trading Day. Commission Rates Typically Range From 0.005% To 0.015% Of The Size Of The Trade, Depending On The Specific Asset Being Traded. For Cryptocurrency Trading, Commissions Are Fixed At 0.5%. These Commissions Are Charged At 00:00 GMT And Relate To The Use Of Leverage When Holding Positions Overnight.
It Is Important For Traders To Carefully Consider The Spread And Commission Structure Associated With The Type Of Trading Account They Choose And The Assets They Intend To Trade. These Factors Can Significantly Affect The Overall Cost Of Trading And Should Be Factored Into A Trader's Strategy And Risk Management Plan. In Addition, Traders Should Refer To The Broker's Official Documents Or Contact Customer Support For Up-to-date, Accurate Information On Spreads And Commissions.
Deposit And Withdrawal
Maxitrade Ensures That The Deposit And Withdrawal Process For Its Clients Is Both Convenient And Efficient. The Broker Offers A Variety Of Financing Options To Meet The Different Needs And Preferences Of Traders. These Options Include:
Bank Telegraphic Transfer: Traders Can Initiate Deposits And Withdrawals Through Bank Telegraphic Transfer, Which Is Known For The Reliability And Security Of Its Fund Transfers.
Visa And Mastercard Payment Cards: Maxitrade Accepts Payments Using Visa And Mastercard Payment Cards, Making It Convenient For Traders To Transact Using A Credit Or Debit Card.
E-Wallets: Brokers Offer E-wallet Solutions, Including Skrill And Neteller, Providing Clients With A Fast, Digital Way To Fund And Withdraw Profits From Their Trading Accounts.
Trading Platform
Maxitrade Offers The Xritic Online Platform, The Highest Rated Trading Tool For European Traders. It Provides Access To Over 180 Assets, Supports Custom Portfolio Creation, And Provides Precise Risk Management Through Limit Orders. Traders Can Analyze Detailed Trading Histories And Gain Market Insights Using Autochartist. The Platform Also Supports Trade Blocking And Replication.
For Mobile Trading, Maxitrade Presents The Xritic Trading App That Mirrors The Full Capabilities Of The Desktop. It Offers Real-time Quotes, Visual Chart Analysis, One-click Trading, Limit Order Management And Account Control. It Is Available On Android And IOS, Ensuring Traders Stay Connected And Manage Trades Anytime, Anywhere. Maxitrade Offers A Diverse Trading Experience Through These Platforms.
Customer Support
Customer Support Is Located At Maxitrade And Can Be Easily Accessed Through Various Channels, Ensuring That Customers Can Ask For Help When They Need It. Traders Can Contact The Support Team Using The Following Contact Details:
Phone: Customers Can Contact Maxitrade's Customer Support By Calling + 48 221 530 624.
Skype: For Enquiries And Assistance, Traders Can Contact The Broker Via Skype Using The Following Address Maxitrade.com@outlook.com.
Email: General Enquiries And Support Requests Can Be Sent To Support.pl@Maxitrade.
Maxitrade Values Prompt, Efficient Customer Support Designed To Effectively Assist Traders With Their Queries, Concerns Or Problems. Whether It's Technical Assistance, Account-related Questions, Or Any Other Transaction-related Matter, The Support Team Can Provide Assistance In A Professional And Neutral Manner Through These Contact Channels.
