Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
MaxiTrade Pros & Cons
- Traders can choose one of six accounts according to their trading preferences;
- The trading platform offered by the broker is assessed by experts as simple, reliable, and functional;
- A large pool of assets from different groups is available and traders work without any trading restrictions;
- Significant leverage increases profit potential while spreads are average or below average;
- The broker offers a welcome bonus as well as a joint funding program;
- There is no trading fee, but there is a competitive withdrawal fee, and the broker’s activity is 100% transparent;
- Client support is represented by a call center, email, live chat, and tickets. It is available 24/7.
- Spreads differ subject to the account type. On Starter accounts this indicator is quite high;
- The extended choice of instruments, including stocks and indices, is not available for all accounts;
- The broker does not offer passive income options, thus there is no copy trading or direct investment.
The MaxiTrade broker works with tier-1 liquidity providers such as HSBC, the largest bank in the European Union, which is one of the broker’s partners. The company offers a modern trading platform called XCritical, available both in a browser and as an app. There are six account types with different conditions. The minimum deposit is $500. Spread depends on the account and its average is 1.6 pips. There is no trading fee. The maximum leverage is 1:200. Assets available for trading include currency pairs, cryptocurrencies, stocks, indices, and commodities. Overall, there are 180 assets. MaxiTrade offers a 30% welcome bonus and joint funding of up to 150%. The broker provides expert analytics, educational materials, and such instruments for technical analysis as an economic calendar, table of reporting seasons, market signals, etc. The website also regularly hosts webinars for novice traders and professionals. Users’ funds are insured. There is a referral program, but no investment options.
TU Expert Verdict
MaxiTrade carries a higher degree of risk. My review and user feedback point to noticeable performance issues and limitations. It may be appropriate only for experienced traders who fully understand the risks and are prepared for potential instability.
Top-5 Brokers Traders Prefer
MaxiTrade User Reviews
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5-star
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4-star
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3-star
25%
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1-star
75%
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Commissions and Fees
Score:We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria3 /10The trading and non-trading commissions of MaxiTrade have been analyzed and rated as having High fees, with a fees score of 3/10. Additionally, these commissions were compared with those of the top two competitors, OANDA and IG Markets, to provide the most comprehensive information.
- No inactivity fee
- No deposit fee
- Above-average Forex trading fees
- No ECN/Raw Spread account
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of MaxiTrade with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, MaxiTrade’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
MaxiTrade Standard spreads MaxiTrade OANDA IG Markets EUR/USD min, pips 1.5 0.1 0.6 EUR/USD max, pips 2 0.5 1.2 GPB/USD min, pips 1.5 0.1 0.6 GPB/USD max, pips 2.2 0.5 1.5 Does MaxiTrade support RAW/ECN accounts?
As we discovered, MaxiTrade does not offer RAW/ECN accounts, which might be a drawback for transparency and liquidity. However, this doesn't make the broker uncompetitive. Consider factors like spread levels, execution speed, regulation, support quality, and trading tools when choosing a reliable broker.
Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with MaxiTrade. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
MaxiTrade Non-Trading Fees MaxiTrade OANDA IG Markets Deposit fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks. 0.5-1 0 0 Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks. 0 0-15 0 Inactivity fee ($, per month) 0 0 0 -
Is MaxiTrade Safe?
Score:We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria2.5 /10MaxiTrade has a safety score of 2.5/10, which corresponds to a Low security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Track record over 17 years
- Not tier-1 regulated
MaxiTrade Security Factors Foundation date 2009 Negative balance protection NoVerification (KYC) NoMaxiTrade is Not a Regulated Broker
Attention! It's your choice to work with regulated or unregulated brokers, but please consider the risks carefully. Unregulated brokers might offer lower fees and flexible trading options, but they lack investor protection, have a higher fraud risk, and no guarantee of withdrawals. Thoroughly research before deciding.
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Account Types
Score:We evaluate a broker’s account offering by analyzing the range and suitability of available account types and how effectively they cater to different trader profiles and strategies. Our assessment covers the diversity of account options — including Standard, ECN/Raw, Cent, Swap-Free (Islamic), and VIP accounts — as well as the flexibility of trading conditions provided. Learn the assessment criteria.4.3 /10MaxiTrade offers the following account options: Standard, VIP.
MaxiTrade covers the core account types, making it convenient for traders with different preferences and strategies.
- Exclusive VIP account with enhanced trading conditions
- Low minimum deposit
- Standard account with balanced trading conditions
- No Demo account
- Micro lots are not available
MaxiTrade account types vs top competitors MaxiTrade Plus500 OANDA Standard YesYesYesECN/Raw spread NoNoYesDemo NoYesYesCent NoNoNoMicro NoNoYesSwap Free NoNoYesVIP YesNoNoManaged NoNoNoMaxiTrade accounts trading conditions
If a broker offers several account types, the correct choice by a trader and how he uses it determines how the platform will develop in the future. This is because spreads, available financial instruments, and the priority of technical support depend on the account selected. MaxiTrade’s accounts also affect the extension of the trade duration, saving the user account program, and the ability to trade on the U.S. quarterly reports.
Accounts also differ in the availability of webinars, trading focus groups, and SMS notifications. Finally, the work of the analytical service and the availability of financial services are also determined by each account. For example, technical support on Starter accounts only helps on how to start trading, while on Gold accounts, experts select investment portfolios for you; and on VIP accounts, free monitoring of trading accounts is available.
Read the conditions carefully before making your choice. It is not necessary to aim for Gold or more expensive accounts if you do not know how to properly use the opportunities they offer.
Account types:
Account Type Description Starter The minimum deposit is $500 and the spread is about 2.5 pips. Currencies, cryptocurrencies, and commodities are available. Basic education is provided; Bronze The minimum deposit is $4,001 and the spread is about 1.9 pips. Currencies, cryptocurrencies, and commodities are available. Advanced education and signals (without SMS notification) are provided; Silver The minimum deposit is $15,001 and the spread is about 1.7 pips. Currencies, cryptocurrencies, and commodities are available. Stocks and indices can be traded upon request. Education by leading analysts is provided. Notifications can be additionally activated; Gold The minimum deposit is $60,001, the spread is about 1 pips, and all assets are available. Ready-made investment portfolios and signals with SMS notifications are provided; Platinum The minimum deposit is $100,001, the spread is about 0.4 pips, and all assets and high priority support are available. Moreover, education and trading advice are personalized; VIP The minimum deposit is $500,000, the spread is about 0.15 pips, and all financial instruments are available. The investment plan is compiled individually, the platform experts monitor accounts, and access to advanced webinars and VIP assets is provided. Note that in addition to live accounts, the broker also offers a demo account. It does not require a deposit. Trading is carried out with real quotes, but with virtual funds. A demo account is required to get acquainted with the platform and work out strategies.
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Deposit and Withdrawal
Score:This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology4.5 /10MaxiTrade received a Low score for the efficiency and convenience of its deposit and withdrawal processes.
MaxiTrade offers limited payment options and accessibility, which may impact its competitiveness.
- Bank card deposits and withdrawals
- No deposit fee
- Low minimum withdrawal requirement
- Minimum deposit below industry average
- BTC payments not accepted
- Wise not supported
- Withdrawal fee applies
What are MaxiTrade deposit and withdrawal options?
MaxiTrade offers a limited selection of deposit and withdrawal methods, including Bank Card, Skrill, Neteller. This limitation may restrict flexibility for users, making MaxiTrade less competitive for those seeking diverse payment options.
MaxiTrade Deposit and Withdrawal Methods vs Competitors MaxiTrade Plus500 OANDA Bank Wire NoYesYesBank card YesYesYesPayPal NoYesYesWise NoNoNoBTC NoNoYesWhat are MaxiTrade base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs. MaxiTrade supports the following base account currencies: USD.
What are MaxiTrade's minimum deposit and withdrawal amounts?
The minimum deposit on MaxiTrade is $500, while the minimum withdrawal amount is $1. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact MaxiTrade’s support team.
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Markets and Tradable Assets
Score:The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change. Learn the assessment criteria6.3 /10MaxiTrade offers a limited selection of trading assets compared to the market average. The platform supports 180 assets in total, including 67 Forex pairs.
- Indices trading
- Copy trading platform
- Crypto trading
- Bonds not available
- Futures not available
Supported markets vs top competitors
We have compared the range of assets and markets supported by MaxiTrade with its competitors, making it easier for you to find the perfect fit.
MaxiTrade Plus500 OANDA Currency pairs 67 60 68 Total tradable assets The total tradable assets listed include all available instruments, including CFDs. Due to regional restrictions, certain CFDs may not be offered in some countries. For example, cryptocurrency CFDs are banned in the UK, and the U.S. has restrictions on CFDs. 180 2800 129 Stocks YesYesYesCommodity futures YesYesYesCrypto Cryptocurrency CFDs are restricted or prohibited in certain regions due to regulatory limitations. These include the United Kingdom, China, Egypt, the United States and Canada. YesYesYesStock indices YesYesYesOptions NoYesNoInvestment options
We also explored the trading assets and products MaxiTrade offers for beginner traders and investors who prefer not to engage in active trading.
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Trading Account Opening
Score:We evaluated Trading Account Opening at MaxiTrade by testing the registration process under real conditions, including opening an account and funding it with the minimum required deposit (but no less than $100). Our assessment considered whether onboarding was fully online, the average registration time, the speed of KYC verification, and how quickly traders could activate their accounts. Learn the assessment criteria.8 /10We successfully registered an account with MaxiTrade in 8 minutes. The KYC verification was completed within 1 business day. The minimum deposit amount at MaxiTrade is $500. This is one of the most accessible and hassle-free onboarding procedures on the market.
- Quick KYC verification (1 business day or less)
- Fast registration time (up to 15 minutes)
- Fully online account opening process
- Account setup process may feel less convenient for beginners
MaxiTrade account opening MaxiTrade Plus500 OANDA Online Registration YesYesYesMinimum deposit $500 $100 $0 Mandatory KYC NoYesYesRegistration time (min) 8 10 KYC time (days) 1 3 3 Is MaxiTrade available in my country?
If you are a citizen of United States, the broker accepts clients from your country.
Please note that availability may vary due to regulatory requirements, so we recommend confirming directly with the broker for the most accurate and up-to-date information.
Account opening details
To start trading with this broker, create a user account. Then open a trading account and make a deposit. Below TU provides a step-by-step guide on registration.
Go to your device's digital store, then to Google Play for Android or App Store for iOS. Enter "XCritical" in the search box and click the "Search" button. Open the application page and click the "Install" button. The application will automatically download and install on your smartphone.
After installing the application, launch it directly from the store or from a desktop shortcut. On the main screen, click the "Register" button (blue link at the bottom).
Enter your first and last names, email, and mobile phone number. Agree to the conditions of the broker by ticking the box and click the "Register" button. Log in and your new password will be sent to the specified email, which you can use to enter your user account through the application or on the broker's website.
In your user account, click the "Deposit" button or go to the "Account" tab and enter your payment details to deposit funds. Verification is not required. You can select the account type in the "Account" tab.
Services of MaxiTrade’s user account:
- My trades. It displays open and closed trades, as well as limit orders with status details;
- Account. In this tab, traders indicate their deposit and withdrawal details;
- Instruments. This tab is a dashboard with information on assets available for trading;
- Signals. The current signals are listed here, there is also a sub-tab with notifications;
- More. This section contains account settings and additional instruments, technical support is also available here.
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Customer Support
Score:We evaluated Customer Support at MaxiTrade by opening a real account funded with the minimum required deposit (no less than $100) and contacting support to measure response time under real conditions. Our assessment considered contact channels, response speed, multilingual support, and availability hours. Learn the assessment criteria2.2 /10MaxiTrade demonstrates a low level of customer support reliability. Contacting support can be difficult, and responses may be significantly delayed or incomplete.
During testing, managers were slow to respond or failed to provide sufficient assistance. Such a support level may create risks for traders who require timely issue resolution.
InformationTechnical (client) support is an important part of the activity of any organization. Brokers may offer the best FAQs and the simplest website interface, but traders will still have questions that they cannot answer on their own. Therefore, it is necessary that the company's clients receive competent assistance at any time. Thus, MaxiTrade offers 24/7 technical support, which is represented by many communication channels, such as a call center, email, live chat, Skype, and tickets on the website.
- Non-registered users can contact technical support
- Managers are available for communication 24/7
- All communication channels respond quickly
- There are accounts with priority support
It is difficult to single out the disadvantages of MaxiTrade’s client support team. However, there is one moment, that the priority level of your application depends on the account type. On Starter accounts you will be served in order of receipt, while on Gold accounts you will be one of the first to receive an answer.
Below is the list of communication channels relevant for all account types:
- call center;
- email;
- email for claims;
- Skype;
- live chat on the broker's website and in the user account;
- tickets.
Keep in mind that responses by phone and live chat are always faster than by email. If you create a ticket on the website, the answer will come to your email.
Contacts Foundation date 2009 Registration address Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands Official site https://maxitrade.com/ Contacts support.pl@maxitrade.com
dispute@maxitrade.com +48 221 530 624
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FAQs
Is MaxiTrade a regulated forex broker and how safe is it considered?
MaxiTrade is an unregulated forex broker with a safety score of 2.5/10, which corresponds to a low security level in the Traders Union assessment methodology (https://tradersunion.com/methodology-for-evaluation-of-brokers/). The broker was founded in 2009, does not provide negative balance protection, and does not require KYC verification, so traders need to carefully consider the associated risks.
What types of trading accounts are available with MaxiTrade and what are their main features?
MaxiTrade offers several live account types, including Starter, Bronze, Silver, Gold, Platinum, and VIP, with minimum deposits ranging from $500 to $500,000 and spreads from about 2.5 pips down to 0.15 pips. Account features vary by level and can include access to different asset classes, educational resources, trading signals, investment portfolios, priority support, and VIP webinars, and there is also a demo account with virtual funds for practicing on real quotes.
What do MaxiTrade user reviews and feedback indicate about client satisfaction?
MaxiTrade has a user satisfaction score of 3/10 based on 4 reviews. According to user reviews, 75% of ratings are 1-star and 25% are 3-star, indicating that overall user sentiment is mostly negative.
How do deposits and withdrawals work at MaxiTrade?
MaxiTrade supports deposits and withdrawals via Bank Card, Skrill, and Neteller, with a minimum deposit of $500 and a minimum withdrawal of $1. The broker charges no deposit fee but does apply a withdrawal fee, and accounts can be denominated in USD only.
How reliable is MaxiTrade’s customer support and what contact methods are available?
MaxiTrade has a customer support score of 2.2/10, with reports that contacting managers can be difficult and responses may be delayed or incomplete, although support is described as available 24/7. Clients and non-registered users can reach support through multiple channels, including a call center, email (including a separate email for claims), Skype, live chat on the website and in the user account, and a ticket system, with response priority depending on the account type.
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