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MaxiPlus foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://maxiplus.trade/sign-up, about the company's legal and temporary regulatory information, the company's address .

MaxiPlus Forex Broker

Basic Information

Registered Region

Dominica

Operating Period

Company Name

Seabreeze Partners Limited

Abbreviation

MaxiPlus

Company employee

Customer Service Email Address

complaince@maxiplus.com

Contact Number

+34932207163

Company Website

https://maxiplus.trade

Keywords

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

Company profile

GENERAL INFORMATION MaxiPlus is an offshore broker that offers trading in Forex, Stocks, Commodities, Indices and Cryptocurrencies. Maxiplus.trade says to be a large investment company providing a full range of brokerage services to clients from all over the world. And they also say to offer seamless access to the global financial markets and multiple asset classes, including over 100 currency pairs, commodities, oil, precious metals, shares, indices and digital currencies, with exceptional trading conditions, leverage as high as 1:300, trading bonuses, a choice of five account types, and a professional web based platform. What they do not mention however, is that the broker is not regulate, which along with the fact that they are based offshore, means that Maxiplus.trades credibility is bordering zero. Maxiplus.trade says to be owned and operated by Seabreeze Partners Ltd., a company based offshore in the Commonwealth of Dominica. And the problem here is that they are not regulated anywhere, which basically means that if you deposit your funds with them, you will have to rely entirely on the integrity of the people who operate the website, which for obvious reasons is not an option. On top of that unregulated, offshore brokers in general tend to be more or less anonymous – you will never get to the true owners of a broker like Maxiplus.trade, even if you decide to bring a legal action against their shell company, after you realize you have been scammed. ACCOUNT AND LEVERAGE They have five types of accounts ranging from a starting account with minimum deposit of $250, Classic account with minimum deposit of $2000, Business account with a minimum deposit of $60000, bold with minimum deposit of $10000 and a personal account $70,000 minimum deposit requirement. They do not offer a Demo account, which raises a red flag since almost every respectable broker offers one. The minimum deposit requirement at Maxiplus.trade is 250 USD, but because they are obviously involved in scam, we do not recommend trading with such unregulated brokers. Maxiplus.trade offers leverage of up to 1:300, but since they are anything but legit, and their offshore registration does not make things look any better TRADING INSTRUMENTS MaxiPlus is an offshore broker that offers trading in Forex, Stocks, Commodities, Indices and Cryptocurrencies. TRADING PLATFORM Maxiplus.trade offers a web based platform, which you may check on the screenshot below. But we are talking about a unregulated and virtually anonymous broker however, we always suggest you to go for brokers offering MetaTrader4 – the most widely used trading platform in the forex industry ever. This software is quite rudimentary in terms of design and functionalities – it is very far from professional standards and does not offer even a fragment of the features established platforms provide, not even a Demo account DEPOSIT AND WITHDRAWAL METHOD Maxiplus.trade accepts payments with bitcoins, as well as credit cards, but through a third party payment provider. But remember that, making payment through Bitcoin is highly dangerous, as there is no way to get your money back. The bonuses offered also come with a catch – in order to withdraw funds from an account that has been credited with a bonus, the trader will be required to execute a minimum trading volume of 25 times the deposit + bonus amount. This is a common scam practice to lure investors and it is prohibited by major regulatory organizations. CUSTOMER SERVICE The brokers website has a Commonwealth of Dominica address but there is no phone number to contact them. Dominica is an offshore jurisdiction in the Carribean that does not regulate forex brokers, which makes it an attractive destination for scam operations. In the footer is mentioned a company, Seabreeze Partners Ltd. with registration number 2020 IBC 00062 and same address.

MaxiPlus broker review

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How to login to MaxiPlus?

Maxiplus Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a Maxiplus Account Creating a Maxiplus account is the first step to accessing their services, whether for trading or managing your finances. Heres a detailed gui

Maxiplus Forex Broker - Complete Information Guide

1. Broker Overview

　　Maxiplus, officially known as Maxiplus Trade, is an offshore forex broker that has been operational for approximately 2 to 5 years. The company is registered in the Commonwealth of Dominica and is owned by Sea Breeze Partners Ltd.. This broker primarily caters to individual retail clients, offering a range of trading services that include forex, commodities, stocks, indices, and cryptocurrencies.

　　Maxiplus positions itself as a significant player in the investment sector, claiming to provide a comprehensive suite of brokerage services to clients worldwide. The company asserts that it offers seamless access to global financial markets and various asset classes, including over 100 currency pairs, commodities, oil, precious metals, shares, indices, and digital currencies. However, the lack of regulatory oversight raises significant concerns regarding its credibility and operational integrity.

　　Since its inception, the company has aimed to attract a diverse clientele by promoting exceptional trading conditions, high leverage of up to 1:300, trading bonuses, and various account types. However, the absence of a demo account and the unregulated status of the broker are notable red flags for potential investors.

2. Regulatory and Compliance Information

　　Maxiplus operates without any regulatory oversight, which is a critical factor to consider when examining its legitimacy. The following points summarize its regulatory status:

Regulatory Authorities: Maxiplus does not fall under the jurisdiction of any recognized financial regulatory body.
Licensing Information: There are no valid regulatory licenses associated with Maxiplus, indicating a complete lack of oversight.
Client Fund Protection: The broker does not have a client funds segregation policy, which typically protects investors' funds in the event of broker insolvency.
Compensation Schemes: Maxiplus is not a participant in any investor compensation fund, leaving clients with no recourse for recovering lost funds.
KYC and AML Compliance: There is no publicly available information regarding the brokers adherence to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations.

　　The absence of regulation and compliance measures significantly heightens the risk associated with trading through Maxiplus, as investors have no protection or recourse in case of disputes or fraud.

3. Trading Products and Services

　　Maxiplus offers a wide array of trading products, which include:

Forex Trading: The broker claims to provide access to over 100 currency pairs, including major, minor, and exotic pairs.
CFD Products: Maxiplus offers contracts for difference (CFDs) on various asset classes, including:
Indices: Major global stock indices.
Commodities: Precious metals, oil, and agricultural products.
Stocks: Shares from various global companies.
Cryptocurrencies: A selection of popular digital currencies.

　　Maxiplus frequently updates its product offerings, but specific details regarding the frequency of these updates or the introduction of new products are not disclosed. The broker primarily focuses on retail trading services, catering to individual investors rather than institutional clients, and does not appear to offer white-label solutions or asset management services.

4. Trading Platform and Technology

　　Maxiplus provides a web-based trading platform that is described as rudimentary and lacking in advanced features. Key aspects of the trading platform include:

MetaTrader Support: Maxiplus does not support the widely recognized MetaTrader 4 or MetaTrader 5 platforms, which are preferred by many traders for their extensive functionalities.
Web-Based Platform: The proprietary platform offered by Maxiplus is basic and does not provide the depth of features typically found in established trading platforms.
Mobile Applications: There is no mention of dedicated mobile applications for trading on iOS or Android devices.
Execution Model: The specifics of the execution model (e.g., ECN, STP, Market Making) are not clearly defined, which raises concerns about transparency.
Technical Infrastructure: Details regarding server locations and the underlying technology infrastructure are not publicly available, which is a common practice among unregulated brokers.
API and Automation Support: There is no information available on whether Maxiplus provides API access for automated trading.

　　The lack of a robust trading platform and the absence of industry-standard tools significantly limits the trading experience for clients.

5. Account Types and Trading Conditions

　　Maxiplus offers several account types, each with its own set of trading conditions:

Starter Account:
Minimum Deposit: $250
Spread: Typically around 3 pips
Leverage: Up to 1:300
Classic Account:
Minimum Deposit: $2,000
Spread: 1.3 pips
Leverage: Up to 1:200

　　The broker does not provide information about advanced account types, such as VIP or professional accounts, nor does it offer Islamic or corporate accounts. Additionally, there is no option for a demo account, which is a standard offering among reputable brokers.

　　The trading conditions, including leverage ratios and minimum trade sizes, are not clearly defined across different products, which can lead to confusion for traders. Furthermore, the broker's overnight fees and other costs associated with trading are not explicitly stated, raising concerns about hidden charges.

6. Fund Management

　　Maxiplus supports various deposit and withdrawal methods, although details are limited:

Deposit Methods: The broker accepts deposits via credit/debit cards and cryptocurrencies, particularly Bitcoin.
Minimum Deposit Requirement: The minimum deposit varies by account type, starting at $250.
Deposit Processing Time: Specific processing times for deposits are not disclosed.
Deposit Fees: Maxiplus claims to charge no fees for deposits, but there is a clause indicating that fees may be introduced at any time.
Withdrawal Methods and Limits: Information regarding withdrawal methods is scarce, and clients may face difficulties when attempting to withdraw funds.
Withdrawal Processing Time: There is no commitment to a processing timeframe for withdrawals, which can lead to significant delays.
Withdrawal Fees Structure: The fee structure for withdrawals is not clearly outlined.

　　The lack of transparency regarding fund management practices is concerning, especially given the broker's unregulated status.

7. Customer Support and Educational Resources

　　Maxiplus provides limited customer support options:

Support Channels: Clients can reach out via email, phone, and online chat, although the availability of these channels may vary.
Service Hours: Specific service hours and time zone coverage are not clearly stated.
Multilingual Support: There is no information available regarding the languages supported by customer service representatives.
Educational Resources: The broker offers minimal educational resources, such as basic tutorials and market analysis, but lacks comprehensive training materials.
Market Analysis Services: Daily market analysis, news updates, and research reports are not prominently featured.
Trading Tools: Basic trading tools, such as calculators and signal services, may be available, but details are not provided.

　　The limited scope of customer support and educational resources is a significant drawback for traders seeking comprehensive guidance and assistance.

8. Regional Coverage and Restrictions

　　Maxiplus primarily serves clients in the Commonwealth of Dominica and potentially other regions, although specific market coverage is not detailed. The broker operates without regional offices, relying on its online presence to attract clients.

Service Markets: Maxiplus targets a global audience, but the specifics of its primary service markets are not disclosed.
Regional Office Distribution: There are no regional offices mentioned, indicating a centralized operation.
Countries Not Accepted: Specific countries or regions where clients are not accepted are not explicitly stated.
Special Restrictions: The broker is noted for its unregulated status, which may lead to restrictions based on local laws in various jurisdictions.

　　In conclusion, the Maxiplus broker presents a range of trading services and products but operates without regulatory oversight, raising significant concerns about its legitimacy and the safety of client funds. Potential investors should exercise extreme caution and consider seeking alternatives with established regulatory frameworks.

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