MaxVol Review – Warning! Stay Away From This Broker

When you think of Germany you think first about strict rules. At first glance, everything looks good, starting with the website and platform itself. When you take a better look, you can find a lot of irregularities.

Since the company doesn’t provide clients with any information about ownership or licenses, we can assume there is something shady. And our MaxVol review will show it.

What is more, we strongly advise you not to invest in MainTrade, SpotInvest and BitTrust fraudulent brokers.

MaxVol Unlicensed And Scam Brokerage?

In Germany, we have very strict and one of the best regulators in the world – BaFin. MaxVol broker doesn’t provide any regulation security for its clients.

Trading with MaxVol can be only risky. They provide things such as bonuses and leverage up to 1:500. Licensed companies are not allowed for it. Trading conditions and platforms could be easily manipulated. Withdrawals could be a nightmare.

That’s exactly why you should always look up Tier 1 regulations like FCA, BaFin or ASIC.

These institutions are providing you with security in the financial market even in worst-case scenarios.

MaxVol presents themselves as from Germany, but there is no location or office information available. Financial regulators are issuing warnings about them and honest advice would be to stay away.

Warning From Financial Regulators

Doing our MaxVol review we found a warning from BaFin about this trading scam. Be extremely careful, because they are scamming traders from Germany, Austria, Italy and Finland.

What Platforms Does MaxVol Offer? – Available Trade Software

MaxVo offers a surprisingly very user-friendly and tools-backed-up platform. It offers clients a variety of options in terms of analysis. Hedging and placing orders are as well available.

Still compared to the other licensed trading platforms, they can’t offer as much as MT4 or MT5 could. These web-based trading platforms are always speculative since they could be manipulated. Unfortunately for clients, only a web-based platform is available.

MaxVol Range Investment Opportunities – Trading Instruments

A trading room was available for insight and we found different trading classes available:

• Forex – AUD/JPY, CAD/ CHF, AUD/CAD
• Commodities – Brent Oil, Cotton, Gold
• Indices – FTSE100 , Dubai, DAX30
• Stocks – Lufthansa, Adidas, Allianz
• Cryptocurrencies – ADA, BNB, BTC

Where Does MaxVol Engage In Fraud? – Countries Of Service

Many MaxVol reviews are showing that they operate mostly in the following countries:

• Germany
• Austria
• Italy
• Finland

Other countries like Switzerland, Belgium and the Netherlands could be as well targeted because of German speakers.

Also, we recommend you not to invest in the fraudulent brokers Vestapros, FewaTrade and VirtusCapital.

What Are The Different MaxVol Account Types?

MaxVol offers 4 different account types

• Entry – 10.000 $ minimum
• Standard – 25.000 $ minimum
• Premium – 50.000 $ minimum
• VIP – 100.000 $ minimum

This is a pretty high standard for the minimum requirement. Most legitimate and licensed companies are looking for a lot smaller initial investment. Even those smaller investments are enough for you to see if you like them.  

Offer Demo Account?

Yes. MaxVol trading offers this feature. On the other hand, it can be dangerous, especially with these web-based platforms. You could fall for tricks that you made some money and that you can do it, but as soon as you start with real money – dreams are gone.

How Much Is Leverage, Spreads and Fees

Entry and Standard levels are bringing you 1.5 pips spread. As you go higher with accounts those pips could be smaller. But don’t be caught in mind games. It goes “from” 0.0 pips. Often that means that spreads are a lot higher than that.

Leverage is insane, starting from 1:200 up to 1:500. With any regulated company you could get a maximum of 1:30.

Whatever possible fees they put in conditions of trading, you wouldn’t care if you throw away 10.000 $. So be careful handing your money over to scammers like MaxVol.

Minimum Deposit and How Do I Withdraw?

The minimum requirement for MaxVol is higher than in most trading companies. It starts at 10.000 USD, but the benefits you get there are nothing exclusive.

Withdrawing is simple according to MaxVol. It could be done through debit/credit card, wire transfer or crypto transfer. Of course, for any of the ways you need to request a withdrawal and wait for confirmation from the company.  

Scammed by MaxVol Broker? – Allow Us to Hear Your Story.

We are sure that you are not the only one caught by these scammers. Feel free to share your story with us.

If you were scammed for more than 5.000$ there could be a solution to get your money back! To get more information on where to start, contact us today to start your chargeback process.

What Is the Chargeback Procedure?

Chargeback is a very simple procedure of money transfer reversal. It could be done when you are using a Credit/Debit card.

On the other hand, if you were doing a wire transfer, it gives you different options. Only cryptocurrency transfers are a bit harder to trace, but not for people who know what they are doing.

Get in touch today!