MaximusFX Trading Signals - TU Expert review
Trading signals are one of the best trading options for beginners and for earning passive income. Novice traders can use such signals and earn a profit, while still learning. Brokers can offer various ways of receiving signals. Traders Union analysts have prepared a detailed analysis of MaximusFX trading signals. You will learn what kinds of trading signals MaximusFX offers and what the conditions for using them are.
Short introduction of MaximusFX
MaximusFX has been providing its services in financial markets since 2013. This company offers trading currency pairs, and CFDs on metals, indices, stocks, cryptocurrencies, and oil. Its offices are open in the Russian Federation, Nigeria, Ukraine, Cyprus, South Asia, and the Middle East. This broker is registered in Saint Vincent and the Grenadines under the number 21567 and conducts verification in accordance with the requirements of the Financial Services Authority St. Vincent and the Grenadines (SVGFSA).
| 💰 Account currency: | USD |
| 🚀 Minimum deposit: | $200 |
| ⚖️ Leverage: | Up to 1:1000 |
| 💱 Spread: | From 1.7 pips for Mini, from 1.2 pips for Standard, and from 0 pips for VIP |
| 🔧 Instruments: | Currency pairs, CFDs on stocks, indices, metals, oil, and cryptocurrencies |
| 💹 Margin Call / Stop Out: | 100%/60% for Mini, 80%/40% for Standard, 60%/40% for VIP, and 80%/50% for Islamic |
MaximusFX Pros and Cons
👍 Advantages of trading with MaximusFX:
•230+ trading instruments;
•Three account types and an Islamic account for Muslim traders;
•Negative balance protection;
•MetaTrader 4 (MT4) and MultiTerminal are available;
•PAMM accounts for passive investment.
👎 Disadvantages of MaximusFX:
•This broker charges withdrawal fees;
•High spreads for Mini and Standard accounts;
•Technical support is not available via live chat.
What are trading signals?
Trading signals are signals to enter a trade, which the broker provides to traders. They can be based both on fundamental and technical analysis.
A broker can provide signals in several ways:
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Copy trading.
-
Email alerts.
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Signals through a blog on the website.
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Recommendations of a personal manager, etc.
When choosing signals, it is important to take into consideration their profitability, the list of trading instruments, the conditions of their provision – fees, markup, etc.
MaximusFX Trading Signals
TU’s experts analyzed this broker’s trading and non-trading fees. There are no fees on Mini and Standard accounts, but spreads are charged. The VIP account has minimum spreads with a $8 fee, and Islamic accounts have floating spreads with a zero fee. Withdrawals to bank cards, through WebMoney, and Perfect Money cost 2% of the amount, while bank transfers and crypto wallets cost 5%. No fees are charged for depositing funds.
| Account type | Spread (minimum value) | Withdrawal commission |
| Mini | $17 | Yes |
| Standard | $12 | Yes |
| VIP | $0 | Yes |
Conclusion
Based on the results of the analysis, Traders Union analysts have concluded that MaximusFX does not have the best conditions for trading signals. The broker offers a limited choice of instruments, for which signals are provided, high fees and there are questions about signal profitability. Therefore, if you are planning to trade signals, it would be a good idea to consider another option.
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FAQs
How do I test the signals if I can’t do it on a demo account?
In this case, it is best to test them using the minimum deposit. You will need to check the minimum deposit level of the broker.
Can I lose money by trading signals?
Keep in mind that there are no ideal trading signals and trading signals may lead to a loss of funds. There are always risks.
How do I choose a signal provider?
Consider the profitability, the list of instruments the signals are provided for and the risk level of the strategy.
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.