MaxiPlus-Some details about this broker

GENERAL INFORMATION

MaxiPlus is an offshore broker that offers trading in Forex, Stocks, Commodities, Indices and Cryptocurrencies. Maxiplus.trade says to be a large investment company providing a full range of brokerage services to clients from all over the world.

And they also say to offer seamless access to the global financial markets and multiple asset classes, including over 100 currency pairs, commodities, oil, precious metals, shares, indices and digital currencies, with exceptional trading conditions, leverage as high as 1:300, trading bonuses, a choice of five account types, and a professional web based platform.

What they do not mention however, is that the broker is not regulate, which along with the fact that they are based offshore, means that Maxiplus.trades credibility is bordering zero.

Maxiplus.trade says to be owned and operated by Seabreeze Partners Ltd., a company based offshore in the Commonwealth of Dominica. And the problem here is that they are not regulated anywhere, which basically means that if you deposit your funds with them, you will have to rely entirely on the integrity of the people who operate the website, which for obvious reasons is not an option.

On top of that unregulated, offshore brokers in general tend to be more or less anonymous – you will never get to the true owners of a broker like Maxiplus.trade, even if you decide to bring a legal action against their shell company, after you realize you have been scammed.

ACCOUNT AND LEVERAGE

They have five types of accounts ranging from a starting account with minimum deposit of $250, Classic account with minimum deposit of $2000, Business account with a minimum deposit of $60000, bold with minimum deposit of $10000 and a personal account $70,000 minimum deposit requirement. They do not offer a Demo account, which raises a red flag since almost every respectable broker offers one.

The minimum deposit requirement at Maxiplus.trade is 250 USD, but because they are obviously involved in scam, we do not recommend trading with such unregulated brokers.

Maxiplus.trade offers leverage of up to 1:300, but since they are anything but legit, and their offshore registration does not make things look any better

TRADING INSTRUMENTS

MaxiPlus is an offshore broker that offers trading in Forex, Stocks, Commodities, Indices and Cryptocurrencies.

TRADING PLATFORM

Maxiplus.trade offers a web based platform, which you may check on the screenshot below. But we are talking about a unregulated and virtually anonymous broker however, we always suggest you to go for brokers offering MetaTrader4 – the most widely used trading platform in the forex industry ever. This software is quite rudimentary in terms of design and functionalities – it is very far from professional standards and does not offer even a fragment of the features established platforms provide, not even a Demo account

DEPOSIT AND WITHDRAWAL METHOD

Maxiplus.trade accepts payments with bitcoins, as well as credit cards, but through a third party payment provider. But remember that, making payment through Bitcoin is highly dangerous, as there is no way to get your money back.

The bonuses offered also come with a catch – in order to withdraw funds from an account that has been credited with a bonus, the trader will be required to execute a minimum trading volume of 25 times the deposit + bonus amount. This is a common scam practice to lure investors and it is prohibited by major regulatory organizations.

CUSTOMER SERVICE

The brokers website has a Commonwealth of Dominica address but there is no phone number to contact them. Dominica is an offshore jurisdiction in the Carribean that does not regulate forex brokers, which makes it an attractive destination for scam operations. In the footer is mentioned a company, Seabreeze Partners Ltd. with registration number 2020 IBC 00062 and same address.