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MaxiTrade

About MaxiTrade Company

MaxiTrade is a company specializing in trading various assets, including cryptocurrencies. It is owned by the offshore entity Day Dream Instruments Ltd, registered in the Marshall Islands. While there is no information regarding a license for operations, the site does display a certificate from the Russian Center for Regulation of Relations in Financial Markets. The company does not specify its founding date, but mentions varying experience durations of five to ten years on different pages.

Trading Opportunities at MaxiTrade:

  • Forex
  • Cryptocurrencies
  • Stocks
  • Indices

MaxiTrade offers two trading software options:

  1. MT4, which requires installation;
  2. XCritical, allowing online access through login credentials.

Types of Trading Accounts at MaxiTrade

Start Account: Open with an investment between $250 and $3,000. Gain access to educational resources and a 50% welcome bonus.

Silver Account: Requires a deposit of $3,000 to $10,000. Receive a 100% bonus on the deposited amount. Clients of the “Start” account also get a personal financial analyst.

Gold Account: For investments ranging from $10,001 to $50,000. Enjoy a 120% bonus, a weekly individual account review with a financial analyst, and quick fund withdrawals.

Platinum Account: Deposits from $50,001 to $100,000. Also featuring a 120% bonus, users of this account receive a two-hour weekly consultation with a financial analyst, instant fund withdrawals, a personal strategy, and a quarterly trading plan.

VIP Account: Geared towards clients depositing over $100,000. Offers a 150% welcome bonus, unlimited support from a personal financial analyst, an individual annual plan, real-time trading demonstrations by professionals, and exclusive VIP tools.

Islamic trading accounts are also available at MaxiTrade.

MaxiTrade provides special offers during American companies’ reporting periods, impacting the securities market.

Registration Process at MaxiTrade

The registration process is standard. Users need to complete a form with personal details like name, surname, country, phone number, and email. After registration, a confirmation link is sent to the provided email address. Users can also set a security question for phone transactions.

All transactions at MaxiTrade are in US dollars. The user agreement states that incoming funds will be converted to dollars, with a conversion fee deducted from the trading account, including for cryptocurrency transactions, which is unconventional for a crypto-focused broker.

Deposits and Withdrawals at MaxiTrade

Accepted payment methods listed on the main page include:

  • Visa
  • Mastercard
  • Maestro
  • WebMoney
  • QIWI
  • Bitcoin

These are believed to be the primary deposit and withdrawal options, with details recommended to be clarified through private communication. The minimum withdrawal amount is $50 USD. A 5% commission is charged if there have been fewer than five transactions. All transaction costs are the responsibility of the user.

Final Thoughts on MaxiTrade

MaxiTrade operates without regulatory oversight. While the website boasts numerous promotional materials, key aspects remain unclear. Terms and conditions are discernible from the user agreement, revealing less advantageous conditions than advertised and challenging bonus implementations. The emphasis on cryptocurrency trading contradicts the policy of converting all investments to dollars with conversion fees borne by clients at an unspecified rate. Prior to entrusting funds to MaxiTrade, thorough consideration of all aspects is advisable.

This review has been prepared by the specialists at ExpertsReview.

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