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No valid regulatory information, please be aware of the risk!
Note: For some unknown reason, we cannot open Maxima Trades official site (https://maximatrade.net/) while writing this introduction, therefore, we could only gather relevant information from the Internet to present a rough picture of this broker. Traders should be careful about this issue.
General Information & Regulation
Maxima Trade, a trading name of VIRETTA SPÓŁKA Z OGRANICZONĄ ODPOWIEDZIALNOŚCIĄ, is allegedly a forex broker registered in Poland that claims to provide its clients with various tradable financial instruments with leverage up to 1:100 and spreads from 0.0 pips on the Webtrader, as well as a choice of three different live account types. Here is the home page of this brokers official site:
As for regulation, it has been verified that Maxima Trade does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and it receives a relatively low score of 1.34/10. Please be aware of the risk.
Maxima Trade advertises that it offers access to a wide range of trading instruments in financial markets, including precious metals, forex, commodities, etc.
Maxima Trade claims to offer three types of trading accounts, namely Micro, Standard and VIP. The minimum initial deposit amount is extremely high-$1,000 for the Micro account, while the other two account types have much higher minimum initial capital requirements of $5,000 and $20,000 respectively. In comparison, licensed brokers allow setting up a starter account with a minimum deposit of $100 or even less.
The leverage offered by Maxima Trade is capped at 1:100. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Maxima Trade claims that the spread starts from 0.0 pips.
Trading Platform Available
The platform available for trading at Maxima Trade is Webtrader. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.
Deposit & Withdrawal
The minimum initial deposit requirement at Maxima Trade is said to be as high as $1,000. However, the broker says nothing about the acceptable deposit and withdrawal methods. As the document states, the client has the right to replenish the account in any way convenient for him, but big problems may arise regarding the withdrawal of funds - no one will return the money.
Maxima Trades customer support can be reached by telephone: +442037698676, email: email@example.com. Company address: Octavia House, Flat 97 213 Townmead Road, London, England, SW6 2FJ.
Online trading involves a significant level of risk and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
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