MaxCFD Review – Deposit, Withdrawals, Scam or legit?
Are you interested in investing your money in stocks or commodities? Or perhaps you’re excited about getting involved in Forex? Regardless of how you wish to invest your money, you’ll first need to find a suitable broker. There are many excellent options out there, but many people have begun utilizing Max CFD. This broker offers a wealth of options for traders. It gives them the ability to trade stocks, commodities and currencies. It also accommodates long and short-term trading. Is this the right broker for you? You’ll find out below.
Max CFD Location
When attempting to determine whether or not a broker is legitimate and safe, it is often a good idea to check out their physical location. If the company is located in the Middle East or Asia, you should probably be worried. With MaxCFD, this is not a problem. The company is actually owned and operated by Chemmi Holdings Limited, which is based out of the United Kingdom.
This should provide the trader with a little added peace of mind.
Over the past few years, more and more consumers have decided to get involved in Bitcoin and other crypto currencies. Unfortunately, trading in these currencies can be difficult at times. The good news is that Max CFD actually allows users to trade in various crypto currencies, including LiteCoin, Etherum and even Bitcoin. If your sole intention is to try to make money with crypto currencies, you’ll find that MaxCFD will be able to meet your needs in this precise category.
Opening An Account
Some Forex brokers make it incredibly difficult to get an account up and running. This is definitely one of the perks of using MaxCFD. The broker has completely simplified the signup process. In fact, you do not need to make any deposit whatsoever to create an account. On top of that, there is no registration fee. Just remember that you will eventually need to make a deposit to begin trading your money with this broker.
Also, be very careful when signing up. You’ll need to choose between USD and EUR. Your currency of choice cannot be changed after your registration has been completed. Other than that, the signup process couldn’t be easier. Take note that you will need to make a minimum deposit of one hundred bucks!
Plenty Of Payment Methods
While you’re at it, you should familiarize yourself with MaxCFD’s payment options. They’re plentiful. In fact, you should have little to no trouble signing up with MaxCFD and funding your account. With this broker, you’ll be able to choose from a wide variety of payment methods, including major credit cards, debit cards, and even digital payments options. This broker accepts China Union Pay, Neteller, and Skrill.
In order for your deposit to be successful, you’ll need to take steps to identify yourself. For instance, you’ll need a picture ID, documentation showing your current address, and possibly your social security number. After your identity has been confirmed, you’ll be able to make deposits and withdrawals as you see fit.
Plenty Of Assets
Some of the Forex brokers are a little limited in terms of stocks and commodities that are available to traders. MaxCFD doesn’t offer a lot of stocks, but their stocks are actually pretty good. The company allows traders to invest in some of the most popular stocks from around the world. This includes Coca Cola, 3M, Bank of America, Disney, Exxon Mobil, and more. In terms of commodities, you’ll be able to choose between three, gold, silver and oil. There are also three indices that traders can choose from.
MaxCFD isn’t the most versatile trading platform in the world, but it does offer a pretty good amount of options to choose from.
Proceed With Caution
When it comes down to it, there is nothing that suggests MaxCFD might be a scam of any kind. Nevertheless, it should be known that an initial investigation of MaxCFD concluded that it was not licensed or regulated by FCA, FSB or ASIC. Still, the broker has received several negative reviews from previous users. By all accounts, it seems to be a legitimate broker, but users should be very cautious when they sign up for any unknown entity. Since this broker is fairly new, it is best to stay on the side of caution. What do you think? Have you made money with Max CFD? Let me know below in the comments.