Established in the Marshall Islands by Day Dreams Investment Limited, MaxiTrade is an innovative cryptocurrency broker that provides traders with functional and user-friendly trading platforms for trading futures on currencies and commodities, as well as multiple cryptocurrencies, such as Bitcoin, Ethereum, Monero, Ripple, and more. They offer multiple trading account options with a required minimum deposit of $250.
MaxiTrade Review, Pros & Cons
- Multiple trading platforms
- Educational resources
- Useful trading tools
- No USA clients
- Limited trading instruments compared to some other brokers
- Not the lowest spreads
- No FIX API for DMA
In this detailed MaxiTrade review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
For more than a decade, MaxiTrade has been in operation in the Marshall Islands, providing traders with modern trading platforms that meet various criteria for traders and investors looking to conduct forex and cryptocurrency trading. They also provide traders with a range of useful trading tools and educational resources.
The company is registered with the International Financial Market Relations Regulation Center (IFMRRC), with Certificate 0395 AA V0128.
The broker does not offer their services to residents of countries or jurisdictions where the use of such services would be contrary to local laws or regulations. Hence, they do not accept clients from the United States of America.
Some MaxiTrade features and products mentioned within this MaxiTrade review may not be available to traders from certain countries because of legal restrictions.
MaxiTrade provides traders with a variety of sophisticated trading platforms, including the XCritical and MetaTrader 4 trading platforms. The XCritical is an advanced trading platform with maximum functionality. It is developed for all levels of traders, and it comes with a user-friendly interface. It is an online platform that runs directly on modern web browsers. There is also the XCritical mobile app for Android and iOS devices.
The MT4 trading platform is one of the leading trading platforms in the world. It is packed with a range of useful features, including support for automated trading via expert advisors. The platform is available as desktop, web, and mobile versions.
MaxiTrade Trading Tools
Clients also benefit from a range of useful trading tools, such as Economic Calendar, Trading Signals, Market Reviews, and more.
MaxiTrade provides traders with a selection of educational materials that help to improve their trading knowledge and skills. The materials include Market News, Webinars, Individual Training Programs, and more.
MaxiTrade offers online trading of many cryptocurrencies, such as Bitcoin, Ethereum, Monero, Ripple, and others, as well as futures trading in currencies and commodities.
MaxiTrade Accounts & Fees
The following account types are available to MaxiTrade clients: Start, Silver, Gold, Platinum, and VIP Accounts. They have minimum deposit requirements starting from $250.
As broker fees can vary and change, there may be additional fees that are not listed in this MaxiTrade review. It is imperative to ensure that you check and understand all of the latest information before you open a MaxiTrade broker account for online trading.
The broker offers a professional-client support team that can be reached via telephone, email, Live Chat, and social media.
MaxiTrade Deposit & Withdrawal
Traders can deposit and withdraw funds to and from their trading accounts using any of the following payment methods: Credit/Debit Cards, E-Wallets (WebMoney, QIWI), Bitcoin, and more.
MaxiTrade Account Opening
If you want to open an account with MaxiTrade, go to the homepage of their website and fill the ‘Sign Up’ form displayed. The details required include your first name and surname, mobile phone number, email, and a password. Additionally, you should confirm that you are 18 or more years old. After filling the form, click on the blue ‘Sign Up’ button to submit them.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree to them.
Overall, MaxiTrade is an innovative cryptocurrency broker that is based in the Marshall Islands. They provide traders with multiple trading platforms for online trading of forex and a wide variety of cryptocurrencies. There are multiple account options to suit all levels of traders.
Trading of cryptocurrencies and leveraged products can involve a high level of risk to your capital. Forex and CFDs, which are traded on margin, can both bring you benefits and losses. You should not risk more than you can afford to lose. Before you start trading you should ensure that you understand the level of risks involved. Seek independent advice if necessary.