MaxiMarkets

2

Rating

2.0/5

Pros

  • MT4

Cons

  • Unregulated
  • High deposit

Trading Account and Terms

Account type Minimum deposit Minimum trade size Maximum leverage Average spreads
Mini $500 0.1 lot 1:400 2.5 pips
Standard $5000 0.1 lot 1:400 2 pips
Gold $10 000 1 lot 1:400 1.7 pips
Platinum $25 000 1.5 lot 1:400 1 pips
ECN $50 000 1 lot 1:400 0.5 pips

The broker has five kinds of live trading account: Mini, Standard, Gold, Platinum Card ECN. We couldn’t locate a demo account available.

MaxiMarkets offers trading over 4-5 forex pairs and CFDs on indices stocks, energies and commodities, in addition to in stocks that are placed.

The Company. Security of Funds
Company Country Regulation
MAXI Platinum Limited Bulgaria No
MaxiMarkets is a forex broker targeting the Russian-speaking traders, but can be possessed by an organization established in Bulgaria, in accordance with its website. The organization, however, isn’t governed by Bulgaria’s Financial Supervision Commission, nor by the Bank of Russia.

On its own site the broker states it is closely watching the growing situation in Russia, however, the explicit demand of forex brokers to become regulated there’s perhaps not yet come in to effect.

In accordance with its website, the organization is an associate of their individual external dispute resolution (EDR) company Financial Commission (FinaCom) whose associates contain forex, CFD and binary options brokers.

In general, it’s riskier to take care of untrue brokers, nothing their good goals and pledges they are going to end up governed fleetingly. Since an overall principle, it’s a lot safer and better to manage precisely qualified brokers, since they conform to a large collection of requirements and rules, usually involving the subscription in customer damages schemes, keeping client capital in segregated accounts, in addition to employee proficiency and funding adequacy. The various regulators deliver different degrees and oversight and quality, together with come, such as UK’s FCA and the Australian Securities and Investment Commission (ASIC), better than many others.

Trading system

Much like the huge bulk of forex brokers, MaxiMarkets offers MetaTrader 4 because its trading platform. The broker provides all variants of this MT4 — for both desktop, web and Android along with iOS mobile apparatus.

The MT4 has become the favourite of brokers and traders alike for over ten decades now and it doesn’t seem it’s moving away any time in the future. The platform is userfriendly and supports multiple kinds of requests, hedging and third-party APIs. The MT4 additionally provides various technical and charting analysis applications, Expert Advisors (automated trading) and also a great deal of different options.

Promotions

MaxiMarkets has several varieties of promotions. Some of these would be the”refer a friend” application, deposit bonus to get new customers and also a”100% insurance” of those trades when trading news. All promotions will be subject to other terms and requirements.

Ways of payment

MaxiMarkets accepts payments with credit card and bank transfers. There’s also the option to earn a deposit through Qiwi, YandexMoney, WebMoney and the Russian immediate currency transfer platform Zolotaya Korona.

Conclusion

Russia’s forex market is so large and rewarding also it’s clear that lots of brokers need e little bit of their activity. You’ll find, nevertheless, correctly regulated forex brokers — both the international and local — that offer their services to Russian traders, therefore it really is preferable to decide on them. In fact, MaxiMarkets will not that lucrative suggestion and beneficial trading requirements to take action on yet another broker. – Its preliminary deposit is quite high and the regular spread to the most elementary kind of accounts is somewhat over the market average. There’s not any micro-accounts.