I am open to share my experience and to also enlighten everyone on how i was able to recover my money from a scam broker . I can’t believe how terrible people have become in the world, how can a broker call me up and make me believe that I was investing into something genuine, in a couple of months I had been fleeced out of my life savings, till this day havent even been able to get fully back on my feet. Having taken my time to do some research would like to speak with other people who have been through similar experience, together without a doubt I am sure with likeminded minds we can all get our money back. This company denied me of my investment,I invested $62,251 after few weeks I tried to withdraw my money but they deny me of withdrawing,I called and mailed their account manager but all to no avail. After loosing more money to fake recovery services and law enforcements I was finally able to recover all my funds with the help of an expert I found on the deep web.
MaxiTrade is an unlicensed CFDs broker owned by Strategy One LTD, which is a company with 10 years of experience and has earned the trust of Association of Russian Banks. In choosing the right one, they can consider how some of them behave in the market and what services they offer. Our choice fell on experienced brokers, Saxo Bank, OANDA, and MaxiTrade. Forex traders always face a difficult choice. Some of them simply don’t comply with our criteria of what makes a good forex or binary broker that we would recommend but that doesn’t mean they are a scam broker.
This is always the case when you trade forex with your online brokers. The rollover happens because when you are betting on the direction of a currency pair, you do not want to actually convert money into the other currency, you just want to bet on the price movement. The rollover ensures that the conversion will not happen.
It would be more logical if the premium account holders got their plans updated more frequently to reflect changes on the market. In our opinion, pretty useless hook. And, Maxitrade is making use of MT4.
You acknowledge and confirm that the third party or payment service provider is acting on your instruction to transfer the funds on your behalf to the Company with no liabilities, obligations or warranties. You agree and confirm that you have no right to claim any transferred funds from the third party or payment service provider in any ways, or under any title or under any circumstances. If at any time you make a Deposit by any other method (including e-wallets, money transfer services and internet payment vendors), the Company assumes the right to implement any rules, provisions and regulations we deem necessary with regards to such Deposits. By using our services you agree to be bound fully by all our terms and conditions the Company may amend or revise this Agreement at any time by posting the amended terms on the Site and, by continuing to trade through the platform, you affirm that you agree to be bound by future revisions.
Basically, some brokers use leverage and traders’ lack of knowledge to manipulate their liquidity. They out-rightly told me there is nothing they could do to my account if I don’t pay more money. Finally, a regulated CFD broker will provide clear guidance on any applicable trading fees – this isn’t always the case when working with an unregulated cryptocurrency exchange or broker.
The company may charge you for providing a trading platform and managing your trading account. Our team of experienced binary options traders has worked professionally for over 5 years in the financial markets. We know how to spot the scammers. The term “scam” covers a wide range of behaviour, from providing misleading information to lure you in, through to vanishing account balances – and even dishonest trading advice.
Help is available for you to recover your funds from Maxitrade. However, if you subscribe to the opinions of experts and examine reviews on the internet, you will find out that there are a lot of entities in the industry that only aim to scheme and put one over unsuspecting traders. There are numerous cases when the operations of a promising company suddenly takes an unfortunate turn and files for bankruptcy.
- For example, the listed exchange rate for a pair of currencies on the Service may lag behind the actual “real-world” exchange rate for that pair of currencies.
- Traders in Europe can apply for Professional status.
- Sometimes scam brokers add unauthorized bonuses that are disabling withdrawal as certain (usually extremely high), turnover must be reached before withdrawing.
- The Service carries out your Transactions on an execution-only basis.
- The logic is that the customers who deposit higher amounts to trade with the broker also get preferential treatment.
- At Admiral Markets, for instance, we have some customer support representatives with over 16 years of trading experience who know the trading platform, and the markets, inside out.
The company also tries to persuade users to deposit money and doesn’t respond to communications. If that doesn’t maxitrade.trade stop you from trading with them, know that Forex Peace Army has also confirmed it as a scam broker.
Adding bonuses without prior approval is illegal, and traders should contact legal services immediately. Time to call out the big guns. The great thing about expanding binary options regulation is that there is an alternative for many traders who think they’ve been scammed, you can contact the regulator.
These brokers make available to you the false variation of the trading market. Admiral Markets also offers extensive educational resources, such as free webinars where you can learn to trade from the experts, successful professional traders discussing market movements and the fundamentals of trading. As well as an extensive library of educational articles for you to learn every detail, strategy, and fact about the industry and market. Admiral Markets offers over 8,000 unique instruments to trade, with industry-leading offers in spreads, low commission, as well as negative balance protection in order to give clients the best possible experience and chances for success. Over 100,000 traders have chosen Admiral markets as their broker, and it’s thanks to their continued faith in the product and offering that Admiral Markets has been given numerous awards.
How thousands of Britons are at risk from ‘world’s biggest online scam’
The website is owned by Market Solutions Ltd., which is a company registered at Kingstown, St. Vincent https://maxitrade.trade and the Grenadines. They are offering different types of accounts, and a demo account as well.
Blacklisted forex and binary brokers often use various tactics in order to prevent their traders from withdrawing the money and leaving. One of the most popular scams is ignoring the withdrawal requests.
The funds in your account may change as a result of the Transactions you execute. You must use the funds in your account to execute Transactions.
Our aim is to expose scam schemes and provide traders with reliable information on which they can based safe trading decisions. Please check our completed reviews to know if a broker works according to terms imposed by regulatory institutes. The withdrawal of the bonus and the income from trading activities is not allowed until the volume of trade is reached.