Information about MaxiTrade Company
The MaxiTrade company claims to specialize in trading cryptocurrencies, but also covers other types of assets. It is owned by the offshore company Day Dream Instruments Ltd, registered in the Marshall Islands. There is no information provided about having a license for operations. The website only displays a certificate from the Russian Center for Regulation of Relations in Financial Markets. The founding date of the company is not specified, but on various pages, it mentions experience of five and ten years.
Trading Opportunities in MaxiTrade:
- Forex
- Cryptocurrencies
- Stocks
- Indices
Two trading software options are offered:
- MT4, requiring installation;
- XCritical, allowing online work through login and password.
Types of Trading Accounts in MaxiTrade
Start: opening is possible with an investment from $250 to $3,000. Access to educational and analytical materials is provided. A 50% welcome bonus is offered.
Silver: available with a deposit from $3,000 to $10,000. The opening bonus is 100% of the deposit amount. Clients of the “Start” account also receive a personal financial analyst.
Gold: requires investments from $10,001 to $50,000. A 120% bonus is provided. Clients of this account receive a weekly individual account review from a financial analyst for half an hour, quick fund withdrawals.
Platinum: deposits from $50,001 to $100,000. The bonus is also 120%. 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: for clients willing to deposit over $100,000. A 150% welcome bonus is offered. Unlimited work with a personal financial analyst, an individual annual plan, real-time trading demonstration by professionals, and special VIP tools are provided.
MaxiTrade also offers Islamic trading accounts for clients.
During the reporting period of American companies, which affects the securities market, MaxiTrade prepares special offers.
Registration Process on MaxiTrade
The registration process is typical. The user needs to fill out a form with their name, surname, country, phone number, and email. After registration, a confirmation link will be sent to the provided email address. The user can also set a security question to be used during phone transactions.
All transactions are conducted in US dollars. The user agreement states that any incoming funds will be converted into dollars, with a conversion fee deducted from the trading account. This also applies to cryptocurrencies, which is unusual for a broker specializing in cryptocurrency trading.
Deposits and Withdrawals on MaxiTrade
The following payment methods are listed at the bottom of the main page:
- Visa
- Mastercard
- Maestro
- WebMoney
- QIWI
- Bitcoin
These are presumed to be the main methods for depositing and withdrawing funds. Details are suggested to be clarified through private communication. The minimum withdrawal amount is $50 USD. If fewer than five transactions have been made, a 5% commission is charged. All transaction costs are borne by the user.
Conclusions about MaxiTrade
The company is not regulated for its activities. The website contains many promotional materials, but many key aspects are not clear. Some conditions can be learned from the user agreement, which shows that the offered conditions are not as favorable as claimed, and the implementation of promised bonuses seems challenging. The focus on the cryptocurrency sphere contradicts the policy of converting all investments into dollars with a client-borne conversion fee at an uncertain rate. Before entrusting your funds to the company, it is better to carefully consider all aspects.