Blue Trading Reviews
Traders can always pay close attention to the international Forex market where more than a dozen worthy and recognized companies operate. In choosing the right one, they can consider how some of them behave in the market and what services they offer. Our choice fell on experienced brokers, Saxo Bank, OANDA, and MaxiTrade. Forex traders always face a difficult choice. It is challenging to determine a brokerage company that meets all modern requirements with an impeccable reputation, years of experience, not a scam or a fraud.
Unfortunately, the members have no recourse as their terms state that the company is perfectly in it’s entitlement to close accounts as it seems fit. The company conducts illegitimate activities like trading Forex over weekends. You will also not be able to withdraw your funds even after meeting all requirements.
This Website may contain information in particular regarding financial services and products that could be regarded b a E.U. supervisory authority as an offer of financial services targeted in Europe. ESMA intervention measures do not apply to customers of Market solutions Ltd and it is your responsibility to choose a company which is most suitable for your trading needs. The website does not provide investment services or personal recommendations to clients to trade any financial instrument.
None are bankrupt either. When any new financial instrument or form of trading first emerges, a whole range of businesses tend to get involved. It’s a fact of life that some of those product providers are going to be more trustworthy than others. This is certainly true of binary options.
The trader is allowed very low spreads, starting from two pips, allowing them to maneuver without much loss. MaxiTrade has a large number of financial instruments that makes it possible to work with quotes of precious metals and oil. Here traders have to be very careful.
The logic is that the customers who deposit higher amounts to trade with the broker also get maxitrade review preferential treatment. Perks range from bonuses, faster withdrawals and analyst support.
This broker offers a binary option that is banned from Europe. It would be more logical if the premium account holders https://maxitrade.pro got their plans updated more frequently to reflect changes on the market. In our opinion, pretty useless hook.
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He said fraud committed by particular binary choices trading platforms was”maybe the biggest financial scam in the world”. Assets that traders can trade on this platform are specific cryptocurrencies like Bitcoin, Bitcoin Cash, Ethereum, Zcash, DASH, IOTA, NEO etc. When you see the crypto options that you can trade on this platform, it seems like a decent setup. It will be form your “senior account manager”, who will be impressed by your trading results, but will simply explain you that if you want to make some real money, you will simply have to invest more – like 10 000 USD or so. MaxiTrade offers several types of accounts that offer various services depending on the size of the deposit.
- However, the perks you will get for opening large accounts (higher bonus, account manager, etc.) are not worth it in our opinion and besides, this is a new, offshore broker, with questionable regulation so we don’t recommend sending a big chunk of money.
- MaxiTrade has a large number of financial instruments that makes it possible to work with quotes of precious metals and oil.
- ESMA intervention measures do not apply to customers of Market solutions Ltd and it is your responsibility to choose a company which is most suitable for your trading needs.
OANDA also offers various trading platforms. Unfortunately, the company’s website doesn’t have any account options, (e.g. what amount should be deposited in order to be able to open and close transactions). Do note that these small flaws are unlikely to adversely affect the choice of traders.
In addition to currency pairs, traders can trade CFD-contracts, securities, commodities, futures, and ETF-funds. Additionally, traders have to option of using the classic MetaTrader4 desktop and web trading platforms. The trading platform is offered by XCritical (Quant ROI Ltd) and it’s a nice mix between user friendliness and functionality, with enough features to keep more advanced traders satisfied. Don’t expect to be a pro using it the first time, but it will be fairly easy to get used to.
If that doesn’t stop you from trading with them, know that Forex Peace Army has also confirmed it as a scam broker. There are 3 Traders Court Guilty Verdicts on FPA and you are suggested to withdraw any funds from the platform. The broker is known to freeze accounts and block users from withdrawing their funds. MaxiTrade.com provides over 75 forex currency pairs, stocks, index, cfds, bitcoin along with other cryptocurrencies to your private investment and trading choices.
The trading platform is offered by XCritical (Quant ROI Ltd) and it’s a nice mix between user friendliness and functionality, with enough features to keep more advanced traders satisfied. Don’t expect to be a pro using it the first time, but it will be fairly easy to get used to. At the time of writing, they had about 268 signals available right on the platform and I am sure this will appeal to many people. On top of the XCritical platform, Maxitrade also offers Meta Trader 4 (both downloadable and web-based), which is a nice addition. The brokerage company, MaxiTrade has less experience in comparison to Saxo Bank and OANDA, as it was only established in 2008.
This type of behavior is similar to what the old binary options brokers did back in the day and is definitely something to avoid. Accounts start at $250, which is average for the industry but I consider it too high because clients should be allowed to “test the waters” with lower amounts until they get the hang of it or until they are certain they want to commit a larger amount.
Are you a trader?
No, you need to stand tall and look out for yourself. Trading is good, it is rewarding and can lead to a life in which you don’t have to go to a job and punch a clock. You can’t let the actions of one broker, signal service, robot or guru dissuade you from that path. This article is a look at what you can do if you think you’ve been scammed. A bankrupt company may appear, but the currency market cannot be presented in a negative light due to this.
I’ve gone with EFRI. None of the scammers who are on this site can get your money back. You will just lose more. We don’t recommend, facilitate or encourage trading with products that are not regulated.