Review and feedback about the scam broker Maxitrade
Maxitrade: Review and Analysis
Upon first encountering the Maxitrade platform, a positive impression is formed. Several types of accounts, suitable for different capital levels, are available here. It is important to note the presence of educational materials and useful tools, which enhance the user-friendliness of the site. The broker also offers a choice of promotional offers and a trading platform.
After conducting a detailed analysis of the company, we want to share our findings with you.
Features of the Maxitrade Company
Information about the broker on their website is minimal, which raises questions. Although the project seems extensive and active, there may be hidden aspects within.
Upon visiting the page specified on the resource, we encountered numerous suspicious and malicious websites. Particularly notable was Brokerregulator, long-known scammers posing as a broker oversight body and offering fake certificates.
Link to the page: https://brokerregulator.com/contact/
Interestingly, the addresses match exactly, down to the room number in one of the business centers in Kingstown. Apparently, it is the same group of scammers who have simply launched a new project.
Currently, they are using a different dubious regulator created to appear as a Russian government website to deceive users. CPOFR is a non-commercial structure created by the scammers themselves.
The company managing the payments is located in Baku, which raises doubts. Such a remote location could be an attempt to confuse clients for potential shifting of responsibilities between parties.
Privacy Policy and Other Aspects
The official website contains a wealth of information about the company’s various policies (privacy, refund, anti-money laundering).
Terms of Use
If necessary, the company reserves the right to terminate the service without prior notice, block an account, or otherwise discontinue the use of the service.
- delete or deactivate an account,
- block an email and/or IP address,
- take other actions to prevent service usage.
It is important to understand that your funds may be blocked without explanation, they may be stolen, and you may be left without the ability to recover them.
Privacy Policy
The company may provide customers’ personal data to third parties within the agreement terms. Third parties are obligated to maintain customer data confidentiality.
For fund withdrawals, the company requires more information than just a card or account number, increasing the risk of data exposure to scammers.
Refund Policy
The company reserves the right to block access to the profile, halt trading activities, or cancel refund requests in case of policy violations.
Your funds may be blocked if your income source or activities violate money laundering or terrorism financing regulations.
Anti-Money Laundering Policy
To prevent money laundering, the company requires relevant documents for identity verification and fund sources before initiating trading. If verification is refused, your funds may be seized.
Maxitrade resorts to data manipulation to attract clients. The history of the maxitrade.com domain shows that the brokerage company appeared relatively recently, which contradicts their claims.
Client Reviews and Recommendations
On the Maxitrade website, you can find reviews reflecting the company’s operations from a neutral perspective.
Link to reviews: https://infoscam.ru/maxitrade/
One client delicately shared their experience, noting a lack of understanding and issues when interacting with company representatives.
Conclusion: Is It Worth Trading with Maxitrade
After comparing the pros and cons of working with Maxitrade, we conclude: it is not recommended to trade with this broker. The company’s associations with scammers and history of fund blockages speak for themselves.
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