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TradeMax Broker Review
The TradeMAX broker considers itself as a leading company in the forex and CFD markets, offering traders safe, transparent and comprehensive trading conditions.
Trading Tools and Platforms TradeMAX
Traders are offered 2 trading platforms to make money on the financial market: TradeMax and MetaTrader 4. The broker provides its clients with access to numerous trading instruments, including:
- world currencies;
- stocks;
- indices;
- cryptocurrencies;
- raw materials and others.
Trade MAX Accounts
There are 4 trading accounts for traders to choose from:
- Edge;
- Classic;
It is noteworthy that the Trading section, where the trading accounts are listed, does not specify a minimum deposit amount. The answer to this question can be found in the FAQ section. It says that the minimum deposit to start trading is $100/euro/pound sterling.
Deposits and withdrawals
In order to make a deposit, the user must register and verify their account by providing proof of identity. To make a deposit, go to “My Account”, click on “Deposit” and choose the best way to make the deposit.
To withdraw funds, the trader needs to go to the “Withdrawal of funds” section, enter the required details and send a request. This is all the information the broker provides regarding the withdrawal of funds. What is the minimum withdrawal amount, how often transactions can be made and on what conditions – remains secret.
Security and Regulation
Despite the huge amount of information about regulation on the TradeMax website, they do not possess any license or regulation. Although the TradeMax scam says it does, and even provides a link to the regulator’s website. However, a search for TradeMax on the website of the regulator indicated by them did not yield any results, as you can see below.
Conclusion on TradeMAX
In the process of analyzing the company’s website, many dubious points were revealed: the absence of legal evidence of the broker’s existence (date of foundation, registration address) and other provisions that confirm the company’s legal activities (licenses, certificates, etc.). The managers and employees of Trade Max are not advertised and many conditions of cooperation are unknown.
Before making a decision to cooperate with the broker, it is better to read reviews of TradeMAX from real clients of the company.
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