MaxCFD is an unlicensed Crypto Currency / Forex broker that opened in 2017. The minimum deposit for a new trading account at MaxCFD is $250, and their minimum trade size is $25. Their trading platform is available only in English.
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MaxCFD uses the new version of the popular trading platform called Spot5. Traders have more than 100 underlying assets to trade, including Forex pairs, Options, Gold, Silver, Oil, Indexes, ETFs and Stocks like Tesla & Apple.
Crypto Currency pairs are available but when we checked the spread on Bitcoin, we see that it is $400 wide!
The popular feature of their trading platform is the trade idea generator, which is based on technical indicators. From the chart, a trader can scan for a signal based on RSI, Moving Average, and Bollinger Bands. Remember to select the time frame first, for a more accurate reading. A benefit of using the Spot5 trading software is that it is integrated with many signal providers, see here.
The new trend with some Forex brokers is to open up offices in the Eastern European country of Bulgaria or Latvia, that is why the brokers have accents. Most people use a broker that is regulated in Australia, Cyprus or the United Kingdom.
When researching the broker MaxCFD, we can see that they are not an FCA licensed broker.
If you are a serious Crypto or Forex investor, then you should read the reviews of the best licensed brokers.
Address: Chemmi Holdings Limited, 20-22 Wenlock Road, London, England, N1 7GU, United Kingdom
Phone Number; United Kingdom: +44 203 318 5138. Email: [email protected] | Official Website: https://MaxCFD.com/
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