On-line since: About the company:
MaxiMarkets is an international brokerage company established in 2014.
7/10
(votes 3158)
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I am very frustrated trading with MaxiMarkets broker. Too much requote and slow execution on their platform. It's very hard to make a deposit, and also hard to make withdrawals. My last withdrawal was processed 25 days later. Their customer services are very rude and unprofessional.
I consider that it was not a mistake, their performance of trading is good, no glitches in the terminal. I deduce profit regularly through various payment systems. Also I started with a no deposit bonus. I went from demo account to live account two month ago. I started with $1250, using my own customize Expert Advisor, making one average 6-10 trades per day and my account is up some 80% just in four months. Their customer service is very useful, always fast and courteous. I keep trading with this broker.
I can't deal with MaxiMarket's Platform. As their MT4 platform didn't execute my deal instantly, it could be hung for ten minutes, so I got a huge slippage. It is so awful to trade and disappointing for making a profit. Also, I can't withdrawal $120 through bank transfers, which proceed within two weeks. So I say MaxiMarket are an unprofessional broker in the market.
I bumped into one of the advertisements of MaxiMarkets and I visited their website. Their offers were promising so I opened an account eventually. With my moths of trading experience with them, I can say that I do not regret opening an account with them.
I may say that Maximarket is responsible for their mistakes, and has never caused me any losses. I respect this broker. Another plus is that so far, I have always benefited from my trading for 7 consecutive months. I'm in my eighth month with this broker. Every time I get a profit, the next day I req WD, and I only wait a few hours, they have processed it and it's in my account. The longest is 2 days. But that is very rare.
The real account prices are manipulated. The price quotes do not seem to match the market. Many times they will be off as many as 2-3 pips. Not recommended broker. I should get a bonus but until now I have not received a bonus. the withdrawal process is also very difficult.
For one, MaxiMarkets doesn't have a regulating authority monitoring them thus it is a little doubtful if they could really be trusted. I opted not to open an account with them because we'll never know. Although I believe that there are some unregulated brokers that are decent, I still wanted to be sure. Also, I tried their demo account and their platform did not work very well.
Most of my trades were open for several minutes to several hours, I was unable to close all my open trades until I lost $655. During this they tried over and over again to spike my spreads sometimes up to 25 pips on the majors, which I said nothing about it. But now, I won't allow my $1540 to go just like that.
Support is very weak and not helpful.
First of all, MaxiMarkets is not regulated. A tip from someone who have been a victim of fraudulence before, it is better to stay away from brokers that are not regulated no matter how popular they may seem. Regulation assures that clients' funds are secured hence when there is no regulation, there is higher risk. Also, when I inquired to this broker, they were not very responsive and their answers don't usually give clarification to my question.
I finally closed my account with Maxi Market Broker after waiting 3 weeks for my request to withdraw all my funds. I traded with them 5 months, the first 2 months there was nothing wrong. I trade major pairs such as EUR/USD,USD/JPY. After I withdraw my first profit of $2500 the 3rd month, the platform MT4 started to crash, to had crazy spreads and the broker manipulates the prices. I had negative slippage almost every week for 10-15pips. I tried to call support they put me on hold for several days, when there is finally an answer they can't help. Well I requested to withdraw my funds and searched for other broker.
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