Maxain-Some Important Points about the Broker

Maxain Information

Maxain is aregulated brokerage entity with the parent company in Hong Kong and 3 subsidiaries in Malaysia and St. Vincent & the Grenadines. The company offers trading services in Forex, Indices, Metals, Energy and Stock CFDs to global clients.

A demo account is available for practicing and 3 tiered live accounts suit clients with varying experience levels. Minimum deposit is favourable at $0.01, with tight spread from 0 pips. Investors can execute trades via the advanced MT4 platform. Economic calendar allows traders to catch the latest market news for analysis and copy trading helps newcomers to imitate strategies from successful traders to gain profits quickly.

Except for that, the broker also offers abudant educational resources such as morning analysis and daily commentary for traders to seize market opportunities via in-depth articles.

Moreover, an assuring news is that the broker holds an LFSA license and is regulated by this authority, to some extent gurantees industry standard compliance and customer protection.

Pros and Cons

Is Maxain Legit?

Maxain is officially regulated by Labuan Financial Services Authority (LFSA ) in Malaysia, with a Straight Through Processing (STP) license numbering at MB/23/2017.

Regulated Country	Regulator	Regulatory Status	Regulated Entity	License Type	License Number
	LFSA	Regulated	Maxain LimitedTrading212 UK Limited	Straight Through Processing (STP)	MB/23/2017

What Can I Trade on Maxain?

With Maxain, you can trade 100+ popular market instruments, mainly in four asset classes: forex, commodities (metals, energy), indices and stock CFDs.

Forex: Forex, or foreign exchange, is the global marketplace for trading national currencies against one another, facilitating international trade and investment.

Commodities: Commodities are basic goods used in commerce that are interchangeable with other goods of the same type. With Maxain, you can trade both metals and energies.

Indices: Indices are statistical measures that represent the performance of a specific group of assets, such as stocks or bonds, helping investors gauge market trends and economic health.

Stocks: Stocks represent ownership of certain big companies like Apple, Amazon, Tesla, etc. enabling traders to participate in their growth and profits.

When dealing with investment, putting eggs in different baskets to scatter risks is a primary principle you should comply.

Account Type/Spread & Commission

Maxain not only offers demo accounts for strategy testing and practicing, but also 3 tiered live accounts for various client groups.

The CENT account and the PRO account are beginner-friendly with minimum deposits from $0.01 and $1 respectively. Spread is the same from 1.3 pips and both accounts are commission-free. But you can only trade around 40 instruments at CENT account while the number is 100 for PRO account.

After obtaining enough experience and capital, you can go further and open an ECN account which has tighter spread from 0 pips and charges a commission of $7 per lot traded. However, you need to deposit at least $1000 to enjoy the benefits.

EA and scalping are available across all account types.

Leverage

Leverage, a trading tool that enables you to control larger positions with smaller capital, should always be used cautiously, with risk management indispensable for every investors.

With Maxain, leverage level is up to 1:400 in CENT account, 1:1000 in PRO account and 1:100 in ECN account.

Trading Platform

Maxain provides the world-acclaimed Metatrader 4 platform, popular for its advanced charting tools, user-friendly interface and built-in market analysis.

The app version of the platform can be downloaded from Windows desktop, Android and iOS devices, allowing you to trade on the go and never miss any trade changes.

Deposit and Withdrawal

Maxain accepts account funding via UnionPay, Wechat pay, Alipay, Visa and USDT, and the broker does not charge any handling fees for deposits and withdrawals.

Withdrawals are usually processed within 2-3 working days, and the time will be extended if the application is large.