MaxiMarkets – Forex Broker Reviews and Feedback

 

It is an international brokerage company that provides traders with a set of services for marginal online trading in the Forex market, as well as services for institutional clients on behalf of a separate structure of MaxiMarkets Pro.

The international holding Maxi Services LTD, which owns this brand, was registered in 2008 in the Marshall Islands, while the activities of the company are controlled only by The Financial Commision. The organization is part of the Association of Russian Banks and the Association of Regional Banks of Russia.

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Maximumkets: platform and services

Customers are offered the following set of services

  • Forex trading, CFD.
  • Training Forex trading.
  • Access to technical analysis on Autochartist.
  • Analytical support.

Register and select an account

For registration in the company there is a classical questionnaire and 5 types of trading account: Mini, Standard, Gold, Platinum and ECN. At the same time, the MaxiMarkets.ru broker does not provide a detailed description of each account on its website, which makes it difficult for traders to choose the appropriate option. Also, the operator does not indicate the technology of order execution, so the only account where you can hope for Market Execution, that is, the withdrawal of transactions to the interbank, is an ECN account with a promising name.

For trading, the broker offers the classic MetaTrader4 terminal, as well as its own web-terminal. Leverage in the company ranges from 1:20 to 1:400, and the average spread is 2 points. The company’s trading instruments include 76 currency pairs, metals, and CFDs on shares, commodities, and indices.

We will consider each type of account:

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Mini account is designed for beginners who will be able to make an initial deposit of $500 or more, which is not the most affordable amount on the Forex market. MaxiMarkets broker also offers extended floating spreads of 2.5 points and a minimum bet of 0.1 lots. Note that for Mini account the deposit recommended by the dealer is 1000 USD, because with a smaller amount of money it is possible to close orders on Stop-Loss at the lowest exchange rate fluctuations.

The next trading level is the Standard account. Here, the minimum deposit bar is $5,000, and the trading rate starts at $50. On a standard account, the broker provides a maximum leverage of 1:400 and the entire trading arsenal.

For Gold account holders from 10 000 USD the company reduces spreads to 1.7 pips, and for Platinum account holders from 25 000 USD floating spreads start from 1.5 pips. Also for these accounts there is a possibility of direct telephone dealing, and the minimum bet starts with 1-1,5 lots.

EcN account is designed for professional traders, who should be attracted by the ECN order execution format. Spreads start at 0.5 pips, minimum bets at 1 lot and there is a full range of assets and CFDs for trading. The only problem is the minimum deposit of $50,000, which seems like a fantastic amount against the background of most other brokerage companies’ ECN accounts, which provide more advantageous spreads and enhanced trading opportunities.

If you are looking for a platform with a deposit of less than 10 American dollars, consider options such as Alfa Forex, Forex Club, Alpari. This is not the whole list, the other brokers you will find in our rating.

Supplementary services

Autochartist program

As an auxiliary service, MaxiMarkets offers a program and platform for technical analysis Autochartist, which allows automatic technical analysis using the Fibonacci grid, graphic shapes and key levels. However, in this plan, the broker introduced its own restrictions, allowing to receive trading signals for only 5 currency pairs. The operator also allows you to use the additional POWERSTATS function, with which you can better assess the volatility and risks of the instruments selected for trading. You can use Autochartist as an addition to the Meta Trader4 terminal.

Training: webinars, streamers and free e-books

Even traders with zero knowledge can start trading on the Forex market – to get the necessary knowledge, a good selection of training materials and several educational approaches are offered, including webinars, video tutorials, various articles, a glossary of terminology and a huge database of answers to frequently asked questions about all that concerns Forex. A negative point in the broker’s training program is the lack of a demo account.

Services of the company are unambiguously designed for large traders, who can afford at the initial stage of trading deposit of 500 USD, and for professionals who are willing to take risks and entrust a virtually unregulated dealer with offshore registration from $ 50 000. However, with such high starting capital investment levels, the operator’s trading conditions cannot be called favorable not only for professional trading, but even for the beginning of trading on Forex. The only advantage of this broker is the absence of commissions and a good training program for beginners.