MaxiWyse is a trading platform established in 2022 and registered in Saint Vincent and the Grenadines, operating without official regulation. The platform allows traders to engage with over 1,500 instruments across various markets. However, as of now, it has no regulations and many traders have no access to trade with it.
Pros and Cons
Is MaxiWyse Legit?
As of now, MaxiWyse operates its business without regulation. Furthermore, maxiwyse.com was registered on March 7, 2022. Its current status is ok, indicating that the domain is active and functioning properly. The domain is set to expire on March 7, 2025, and it was last updated on February 6, 2024.
What Can I Trade on MaxiWyse?
MaxiWyse offers 1500+ instruments, including Stocks, Currencies, Commodities, Indices, Metals, Digital Currencies, Cryptos and Energies.
Account Type
MaxiWyse offers six kinds of live accounts: Rookie, Basic, Premier, Elite, Elite Plus and VIP accounts. They offers different minimum deposit requirements, tools, and so on. The minimum deposit amount is $5,000, higher than regulated brokers. Besides, they support Islamic accounts.
Leverage
MaxiWyse offers leverage of up to 1:400 for its trading accounts, which allows clients to control a significantly larger position than the amount of capital they initially deposit. While it enables traders to potentially achieve higher returns with a smaller initial investment, it also increases the risk of substantial losses in volatile market conditions.
Trading Platform
MaxiWyse offers a trading platform equipped with an extensive array of tools and solutions. The platform charges zero commissions, and offers rapid order execution, and over 1,500 instruments available, all secured by multi-level SSL encryption for data protection. MaxiWyse's cross-market capabilities, coupled with downloadable versions for Windows, Mac, and Linux. It is also downloaded via ios and Android.
Research
MaxiWyse provides services and resources to support traders, including Contract Expiries, an Economic Calendar, Trading Hours, and access to the Latest News. Additionally, the platform includes a FAQ section to address common inquiries.
The Economic Calendar is a valuable tool that outlines upcoming economic events. Trading Hours indicate the specific times during which trading is available on the platform. The Latest News section provides traders with timely and relevant information regarding market developments, economic updates, and other factors.
Deposit and Withdrawal
MaxiWyse offers many deposit options for its clients, including payments made via major credit or debit cards such as Visa and MasterCard, traditional bank transfers, and depositing with cryptocurrencies. Notably, there are zero fees associated with making deposits.
Customer Service
In MaxiWyse, you can contact them via phone, email, and live chat, and through social media including Facebook, Instagram, and YouTube.
The Bottom Line
MaxiWyse offer many tradable products with no deposit fees and a trading platform compatible with multiple devices. The platform also offers research tools and customer support through various channels. However, there are regional restrictions and the inherent risks associated with high minimum deposit.
FAQs
Is MaxiWyse safe?
No. It has no regulation and it is based on Saint Vincent and the Grenadines.
What security measures does MaxiWyse have in place to protect my funds and personal information?
It provides multi-level SSL encryption.
At MaxiWyse, are there any regional restrictions for traders?
Yes. They do not accept clients from the United States, North Korea and Iraq.
2023-02-23 09:22
