MaiCoin MAX Review 2024
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1
- TradingView
- Variety of cryptocurrencies and coins, and only Taiwan dollar as among fiats. MAX's own token gives advantages in trading, mutually beneficial referral programs, and investment programs without deposit freezing, but with a small profit. The exchange guarantees a high level of protection of user data and funds.
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1
- TradingView
- Variety of cryptocurrencies and coins, and only Taiwan dollar as among fiats. MAX's own token gives advantages in trading, mutually beneficial referral programs, and investment programs without deposit freezing, but with a small profit. The exchange guarantees a high level of protection of user data and funds.
Our Evaluation of MaiCoin MAX
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
MaiCoin MAX is a high-risk cryptocurrency exchange with the TU Overall Score of 2.95 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by MaiCoin MAX clients on our website, Traders Union expert Anton Kharitonov does not recommend working with this broker, as, according to reviews, most clients are not satisfied with the broker. MaiCoin MAX ranks 137 among 173 companies featured in the TU Rating, which is based on the evaluation of 100+ criteria.
MaiCoin MAX is in many ways a standard cryptocurrency and token trading platform. Its difference from most competitors is low trading commissions and additional opportunities, represented by a profitable referral program and several investment offers. The website's own token significantly expands its infrastructure and provides users with various financial bonuses. The peculiarity of the affiliate program is its mutuality, and bonuses are received by both the referrer and the one who was invited to the platform. The exchange works steadily, and it has never been hacked.
Brief Look at MaiCoin MAX
MaiCoin MAX exchange provides access to trading with cryptocurrency pairs Bitcoin, Litecoin, Ethereum, Tether, LINK, DOGE, and dozens of other cryptocurrencies and tokens. Only the Taiwan dollar represents fiats. The exchange uses the TradingView browser trading terminal and offers a mobile application. Trading commissions are lower than the average on the market and can be reduced by increasing the trading volume. In addition to cryptocurrency trading, a referral program with mutual payments is available. The website also offers investment deposits at 1% per annum, without freezing the deposit. The cryptocurrency exchange has its own MAX token; trading the token and holding it in the account gives additional financial bonuses, including a higher percentage in the referral program. The platform is characterized by a high level of security of user funds and data.
- Many cryptocurrencies and coins are available for trading;
- The trading terminal is easy to understand, and convenient;
- a mobile trading application for iOS and Android;
- a high level of stability and security;
- referral program with beneficial bonuses;
- investment programs without a deposit freeze;
- new coins are constantly being brought to the exchange;
- the exchange has a call center.
- demo accounts are not available;
- training programs aren’t available.
TU Expert Advice
Financial expert and analyst at Traders Union
The MaiCoin cryptocurrency exchange has been operating since 2018. It is part of the MaiCoin Group trading platform, which is based in Taiwan. Although only the Taiwanese dollar is the only fiat available on the exchange, it was initially positioned as an active participant in the global market. In particular, that's why the technical support operates in English in addition to Taiwanese.
The trading terminal and mobile application of the platform have no special features, they are standard, like most competitors, without authorial modifications and advanced functionality. The pool of cryptocurrencies and tokens is significant, and it is constantly supplemented, but there is no open listing. All of the most popular assets are represented.
The platform is characterized as convenient and stable. Another plus is the high trading speed. All the main deposit and withdrawal channels are available, and there are no deposit fees. One of the key advantages of the platform is its low trading fees, even at the initial level, they are lower than the average for the segment.
Only the referral program and investment program are available from passive earnings. The investment functionality is as simple as possible, and the exchange client can at any time reserve a part of the funds for it and make a profit as a result without freezing the deposit. Referral program differs from counterparts in other platforms, as it provides benefits, also for the invited user. And the referral bonus can be increased by holding a MAX token.
In general, the site has no significant flaws although some users note the lack of other fiat currencies, in addition to TWD. The lack of specialized solutions for novice traders, demo accounts, and tutorial guides, is sometimes positioned as a disadvantage.
MaiCoin MAX Summary
| 💻 Trading platform: | TradingView in browser |
|---|---|
| 📊 Accounts: | Standard |
| 💰 Account currency: | Cryptocurrencies, TWD |
| 💵 Replenishment / Withdrawal: | Bank accounts, electronic and cryptocurrency wallets |
| 🚀 Minimum deposit: | 1$ |
| ⚖️ Leverage: | 1:1 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | |
| 💱 Commission: | Market |
| 🔧 Instruments: | Cryptocurrencies, TWD |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Available |
| ➕ Affiliate program: | No |
| 📋 Orders execution: | No |
| ⭐ Trading features: | Variety of cryptocurrencies and coins, and only Taiwan dollar as among fiats. MAX's own token gives advantages in trading, mutually beneficial referral programs, and investment programs without deposit freezing, but with a small profit. The exchange guarantees a high level of protection of user data and funds. |
| 🎁 Contests and bonuses: | n/a |
Go through a simple registration procedure to start trading on the exchange. Verification is not obligatory for trading, but without it, you will face significant limits, and you will not have access to many functions, for example, the referral program. Verification (confirmation of personal details) removes all restrictions, after which the client can trade freely and use the full functionality of the site. It is not necessary to make a certain deposit to start trading, you control your financial policy. Leverage is not provided, so the trader can only rely on his own budget when trading. Technical support works without breaks. The exception is the call center, it is available only during certain hours, the specialists' working hours are listed in the footer of the website next to the contact information.
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Commissions & Fees
At the zero level for the newly registered user, the commission of the maker is equal to 0.05%, and the commission of the taker is 0.15%. As the trading volume increases, the amount of fees decreases. For example, at the highest level with a trading volume of 2,000,000 Taiwan dollars (or the equivalent in any other asset) the commission of the maker is zero, and for the taker it’s 0.045%.
The trading level is determined daily by the volume of trades over the last 30 days. You can get an additional benefit when holding a MAX token, keeping 500 MAX or more in your account allows you to get an additional reduction in commission. With more than 10,000 MAX, the maker's commission becomes 0.008%, i.e., the exchange pays extra to the trader.
| Account type | Commission (minimum value) | Withdrawal commission |
|---|---|---|
| Standard | Up to 0.15% per application | Yes |
The Exchange doesn’t charge a commission for depositing funds regardless of the asset and deposit channel, but it does charge a withdrawal fee. It doesn’t depend on the value of the withdrawal and the channel used, it is fixed and determined only by the asset. For example, the withdrawal fee for Taiwan dollars is 15 TWD for an individual account and 100 TWD for a corporate account. Bitcoin commission is fixed at 0.0005 BTC.
| Broker | Average commission | Level |
|---|---|---|
|
$0.15 | |
|
$6 | |
|
$20 |
Investment Options
Clients of the MaiCoin MAX exchange can participate in its two investment programs that differ only in assets. The interest rate is 1% per annum. The minimum and maximum deposits are not defined, and the programs are termless.
To participate in the program, the user may go to the “Yield” section. The user can deposit in the selected asset without freezing, i.e. this amount will not be blocked on the account, the funds can still be used in trading. Interest is paid daily, but if the deposit amount changes before the daily payout, all or part of the daily income may be expired.
The only restriction on participation in the investment program is that zero-level users cannot participate. This is the level at which the account owner has not been verified (i.e., has not confirmed personal information). For more information on investing on the site, see the "Yield" section mentioned above.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
MaiCoin’s affiliate programs
Affiliate (referral) programs are available for the clients, there are no restrictions on participation in it, except for the need to verify personal data. After that, the exchange client can visit his user account and find a personal referral link. Its placement is possible on any third-party resources.
Each user who follows your link and registers on the cryptocurrency exchange will become your referral. The referral receives a one-time bonus in the amount of a 20% discount on trading commissions. The discount is valid for six months from the moment of registration. The referral brings the user who invited him 20% of the commissions for all of his trades.
Income from a referral can be increased by keeping over 5,000 MAX on the account. In this case, payments increase from 20% to 40% of the invited user's commission on trading operations. The referral status is unlimited. The user will provide you with income for as long as he trades on the site. The number of referrals is unlimited.
User Satisfaction