Maxtra Rich foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://dash.maxtrarich.com/register, about the company's legal and temporary regulatory information, the company's address No. 46, Chan Road, Thungmahamek, Sathorn, Bangkok 10120.
Maxtra Rich Forex LLC, established in 2021, is a forex brokerage firm that claims to provide a variety of trading services to clients worldwide. The company is headquartered in Bangkok, Thailand, specifically at 46 Chan Road, Thung Maha Mek, Sathon District. As a privately held entity, Maxtra Rich aims to cater primarily to retail forex traders, offering a range of account types and trading conditions designed to attract both novice and experienced investors.
The firm has been operational for approximately 2 to 5 years, during which it has sought to establish itself within the competitive forex market. Despite its relatively short history, Maxtra Rich has made claims of offering flexible leverage options, ranging up to 1:3000, and providing access to the widely recognized MetaTrader 4 trading platform.
While the company promotes its services as being cutting-edge, it is important to note that there is limited information available regarding its development milestones or any significant partnerships. The business model primarily focuses on retail forex trading, with a promise of 24/7 customer support, which is crucial for traders in different time zones.
Maxtra Rich is not regulated by any recognized financial authority, which raises significant concerns regarding its legitimacy. According to sources, the broker operates under a “no license” status, receiving a low score of 1.24/10 on platforms like WikiFX. This lack of regulation means that there are no legal protections for clients in terms of fund security or dispute resolution.
The absence of valid regulatory information leads to questions about the broker's operational integrity. The company claims to follow KYC (Know Your Customer) and AML (Anti-Money Laundering) procedures, but without oversight from an established regulatory body, the effectiveness of these measures is uncertain.
Furthermore, there is no information available regarding customer fund segregation policies or participation in investor compensation schemes, which are vital for ensuring the safety of client assets. Investors should be cautious and fully aware of the risks associated with trading through an unregulated broker like Maxtra Rich.
Maxtra Rich primarily focuses on forex trading, offering a limited selection of currency pairs. While specific details on the number of available forex pairs are not provided, the broker claims to provide access to major and minor currency pairs.
In addition to forex, Maxtra Rich advertises that it offers CFDs (Contracts for Difference) across various asset classes, including indices, commodities, and possibly cryptocurrencies. However, there is no concrete information available regarding the exact range of these products or how frequently new instruments are added to their offerings.
The broker promotes three types of live trading accounts: Standard, Free Swap, and VIP, each catering to different trading needs and capital levels. The Standard account requires a minimum deposit of $5, while the Free Swap account requires $100, and the VIP account demands a $5,000 minimum deposit. This tiered structure aims to attract a diverse clientele, from beginner traders to more seasoned investors.
Maxtra Rich provides its clients with access to the industry-standard MetaTrader 4 trading platform, which is widely recognized for its robustness and user-friendly interface. The broker does not appear to offer support for MetaTrader 5, which is the next generation of the platform.
The trading experience is enhanced through mobile applications available for both iOS and Android, allowing traders to engage in trading activities on the go. The execution model employed by Maxtra Rich is not explicitly stated, but the presence of MetaTrader 4 suggests a potential for both ECN (Electronic Communication Network) and STP (Straight Through Processing) trading capabilities.
Regarding technological infrastructure, specific information about server locations and technical specifications is not disclosed. However, the broker does offer API access, which is essential for automated trading strategies, allowing traders to implement algorithmic trading solutions effectively.
Maxtra Rich offers three distinct account types tailored to different trading preferences and capital requirements:
Standard Account: Requires a minimum deposit of $5. This account type typically features no commission and offers high leverage of up to 1:3000.
Free Swap Account: This account requires a minimum deposit of $100 and provides a lower leverage option of 1:100. It is designed for traders who prefer not to incur swap fees.
VIP Account: Targeted at professional traders, this account demands a minimum deposit of $5,000 and offers a commission structure that varies between $5 - $8 per trade, along with a leverage of 1:100.
The minimum trade size is not specified, but traders should be aware of the overnight fees associated with holding positions beyond the trading day.
Maxtra Rich supports various deposit methods, including bank transfers and credit/debit cards. The minimum deposit requirement is notably low, starting at $5 for the Standard account. However, specific details regarding deposit processing times and fees are not provided, which may pose challenges for potential clients.
Withdrawal options are also limited, with a maximum withdrawal amount reportedly capped at $300. The processing times for withdrawals are not explicitly stated, which could lead to delays. Furthermore, there is no clear information on the fee structure for withdrawals, making it essential for clients to inquire directly with the broker.
Maxtra Rich offers customer support through various channels, including email and online messaging. The primary email for support is support@maxtrarich.com, and the broker also maintains a presence on social media platforms like Facebook and Line. However, the lack of a dedicated phone support line may limit direct communication options for clients.
The support services are available 24/7, catering to a global audience. However, there is no indication of multilingual support, which could be a barrier for non-English speaking clients.
In terms of educational resources, Maxtra Rich claims to provide market analysis and trading tutorials, although specific details regarding the types and formats of these resources are not disclosed. Traders may find value in educational offerings such as webinars and eBooks, but the extent of these resources remains unclear.
Maxtra Rich primarily serves clients in Thailand and potentially other regions, although specific details on its market reach are limited. The broker's website is available in English and Thai, indicating a focus on these markets.
However, there is no comprehensive list of countries from which clients are not accepted, which is crucial information for potential traders. Additionally, any special restrictions regarding trading activities or account openings in specific regions are not clearly outlined, leaving potential clients to seek clarification directly from the broker.
In summary, while Maxtra Rich presents itself as a forex broker offering a variety of services, the lack of regulation and transparency raises significant concerns. Prospective clients should exercise caution and conduct thorough research before engaging with this broker.
林駿縢
Hong Kong
Maxtra Rich Forex is the easiest platform that I have ever used, both for beginners and advanced traders! I started using it a few months ago and love it!
Positive
2022-12-16
FX1350233030
New Zealand
I wish I had found Maxtra Rich much earlier! fast execution speed, low spread. Sometimes, they can make a joke too which makes me feel like talking to my friends. When it comes to disadvantage, I guess the only problem would be that they should provide more trading instruments, such as shares & stocks, as well as oil, which I would like to trade with them most often. By the way, online support chat should be also provided to improve communication efficiency.
37130
2023-03-23