A complete MaxiWyse Broker Review

MaxiWyse Broker review

MaxiWyse is a newly launched and emerging Forex, and CFD broker with a massive client base of over 4.5 million registered trading accounts. The MaxiWyse company is based in St. Vincent & the Grenadines and provides a proprietary trading platform for desktop and mobile devices with leverage of up to 1:400 and multiple base currencies. MaxiWyse offers a wide range of tradable instruments, including currencies, indices, stocks, metals, digital currencies, and energies. Customer support is available 24/5 in multiple languages.

MaxiWyse is yet to receive its regulatory license but is already a popular choice among traders, especially beginners. However, MaxiWyse operates with an offline license from St. Vincent & the Grenadines. The minimum deposit required at MaxiWyse to open an account is $500. With leverage of 1:400, MaxiWyse is one of the most generous brokers in terms of leverage.

The trading conditions at MaxiWyse are good, with low spreads and fast execution speeds. The proprietary trading platform is user-friendly and easy to use. There is also a good range of helpful educational resources available in the website, making it a good choice for beginners.

MaxiWyse offers multiple deposit and withdrawal methods, including credit/debit cards, bank wire transfers, and e-wallets. The minimum deposit is $500, and the minimum withdrawal is not mentioned on their website. In addition, withdrawals are processed with SSL encryption, ensuring your funds' safety and security.

MaxiWyse safety information

As mentioned earlier, MaxiWyse is a new broker, and they've yet to receive their regulatory license from reputed authorities. However, MaxiWyse has an offline license on St. Vincent & the Grenadines. Moreover, MaxiWyse has taken all the necessary steps to protect its client's funds. The client's funds are segregated from the company's operating funds and are held in tier-1 banks. When the MaxiWyse clients' funds are kept in a segregated account, these funds can never be used for any other purpose. In case of bankruptcy, the clients' funds are protected and can be returned to them.

MaxiWyse also uses the latest SSL encryption technology to protect its website and clients' personal and financial information. Moreover, MaxiWyse has implemented Anti-Money Laundering (AML) and Know Your Client (KYC) policies to prevent illegal activities. The AML compliance helps ensure that the clients' funds are not used for illicit activities. In addition, the KYC compliance at MaxiWyse ensures that only legitimate clients are allowed to open and use an account with them.

Moreover, MaxiWyse has not mentioned whether they have implemented 2FA or not. Two-factor authentication helps add an extra layer of security to your account, and we recommend you use it whenever possible. Overall, we can say that MaxiWyse is a safe broker, but they've yet to receive their regulatory license from any respected authority.

MaxiWyse fees details

MaxiWyse has mentioned that they don't charge any deposit or withdrawal fees. However, your banks can charge you for wire transfer withdrawals. The spreads offered at the MaxiWyse platform are variable which means they can change depending on the market conditions. The average spreads range is not mentioned on the MaxiWyse website, but they write they offer tighter spreads.

Moreover, MaxiWyse has not mentioned whether they charge an inactivity fee that a trade needs to pay if they are not active for a certain period. You can contact the broker's customer support to know more about it. In addition, MaxiWyse also charges a swap fee that is levied when you hold your position overnight. However, the exact swap fee details are not mentioned on their website. So, you can contact customer support to get more information on it.

MaxiWyse offers leverage of 1:400, which is higher than the average in the industry. It is both good and bad, depending on how you use it. Higher leverage can mean higher profits, but it also means higher risks. Therefore, it is essential to use leverage to understand the outcome. Compared to other brokers, the overall pricing structure at MaxiWyse is average.

Spreads fee information at MaxiWyse

In trading, spreads are something significant. The smaller the spread, the better it is for you as a trader because it increases your chances of making a profit. MaxiWyse offers some of the most competitive spreads in the industry. To know the exact spread limits of MaxiWyse, you need to contact their customer support.

When it comes to spreads types, MaxiWyse offers variable spreads, which are suitable for scalpers. It means the spreads vary depending on the current market conditions. To understand spreads better, for example, if the EUR/USD pair is trading at 1.2500 and the bid-ask spread is two pips, you can buy the currency pair at 1.2502 and sell it at 1.2500.

Swap fee details at MaxiWyse

Like any other online broker, MaxiWyse also charges a swap fee. A swap is the interest rate that a trader pays or earns for holding a position overnight. The swap fee depends on the currency pair and asset type, and the exact charges are not mentioned on their website.

If you're looking for a swap-free account, there are many Islamic account options available at MaxiWyse that don't charge the swap fees. Instead of paying or earning swaps, a commission is charged per lot in swap-free accounts. In this way, Muslim traders can trade by their religious beliefs.

Deposit and withdrawal options at MaxiWyse

MaxiWyse offers a variety of deposit and withdrawal methods to make it easy for you to fund your account and withdraw your profits. Deposit methods include credit/debit cards, bank wire transfers, and e-wallets. Withdrawal methods include credit/debit cards, bank wire transfers, and e-wallets. The minimum deposit is $500, and the minimum withdrawal is not mentioned on their website. Deposits are made instantly, and the withdrawals can take around 5-7 business days, depending on the method used.

Both deposits and withdrawals at MaxiWyse are free, but you need to check with your banks or card issuers to see if they charge any fees. Overall, the deposit and withdrawal process is easy to use. In addition, the MaxiWyse deposit and withdrawal processes are seamless and secured with SSL, so you can ensure your funds are safe. MaxiWyse offers a robust and user-friendly trading experience with a good range of tradable instruments and helpful educational resources.

As MaxiWyse has also implemented KYC, traders must submit their ID and proof of address to open an account. Once the documents are verified by the MaxiWyse, the account is activated, and you can start trading. MaxiWyse offers prior customer support if you have any queries regarding account opening or trading. Overall, the deposits and withdrawals are processed quickly and without any issues. Customer support is available 24/5 in multiple languages.

Tradable markets at MaxiWyse

MaxiWyse is a popular emerging broker offering a variety of tradable assets. Clients can trade hundreds of instruments and underlying assets. Traders have the option to trade forex, commodities, stocks, indices, and even cryptocurrency. With 1500+ tradable assets, MaxiWyse has one of the highest numbers of assets in the industry.

In forex trading with MaxiWyse, clients can trade on major, minor, and exotic currency pairs. Some popular currency pairs you can trade at MaxiWyse are EUR/USD, USD/JPY, GBP/USD, and AUD/USD. As the broker offers tighter spreads, forex traders can expect to make good profits with their trades.

MaxiWyse offers a wide range of underlying assets for those looking to trade commodities, including crude oil, natural gas, gold, and silver. In addition, metals such as palladium, platinum, and copper are also available for trading. Commodity prices are highly volatile, making them a good choice for those looking to make quick profits.

MaxiWyse also offers a good selection of stocks, including some of the most popular companies such as Apple, Amazon, Facebook, and Google. You can trade indices such as Dow Jones, S&P 500, and Nasdaq 100. The variety of tradable markets at MaxiWyse is one of the reasons for its popularity among traders. In addition, stock buying and selling can be done on Maxiwyse desktop and mobile trading platforms, which are quick to use.

Moreover, Maxiwyse offers cryptocurrency CFDs, allowing you to trade on the price movements of popular digital currencies such as Bitcoin, Ethereum, Litecoin, and Ripple. The broker does not currently offer crypto-to-fiat pairs but is expected to do so in the future. With leverage of 1:500 across multiple asset classes, Maxiwyse is one of the most generous brokers in terms of leverage. This high leverage can be risky for beginner traders and lead to higher profits.

Leverage information at MaxiWyse

In trading, leverage is a powerful concept that allows traders to make more significant gains with a smaller investment. MaxiWyse offers leverage of up to 1:400, one of the highest amounts of leverage available from a broker.

With the leverage of 1:400 at MaxiWyse, if you have $300 in your trading account, you can place a trade worth $120,000. However, it is essential to remember that even though the potential gains are much more significant with leverage, so are the potential losses. Therefore, regardless of the account type at Maxiwyse, the leverage is the same, which is 1:400.

MaxiWyse trading platforms

MaxiWyse is an emerging Forex and CFD broker with a massive client base of over 4.5 million registered trading accounts using its proprietary trading platform. MaxiWyse trading platform is a robust trading software available as a desktop application and a mobile app. The desktop platform is user-friendly and has all the features and tools you need for successful online trading. The MaxiWyse mobile app is also well designed and easy to use, with a good range of features and functionality. Let's look at all trading platforms available at MaxiWyse:

MaxiWyse proprietary web trading platform

The web trading platform is designed for beginner and experienced traders alike. The platform is user-friendly and easy to use, with a good range of features and tools. The web trading platform is available in multiple languages. With the support of advanced tools like charts and indicators, you can make informed trading decisions. With rapid order execution, you can take advantage of market movements.

MaxiWyse mobile trading

The MaxiWyse mobile trading app is available for Android and iOS devices. The app is well designed and easy to use, with a good range of features and tools. With the mobile trading app, you can stay connected to the markets and trade on the go. In addition, you get all the advanced features of the desktop platform on the mobile app, making it a good choice for online trading. Let's look at some of the advanced features of MaxiWyse mobile trading:

Wide range of indicators:

You can use a wide range of indicators for technical analysis with MaxiWyse. Popular indicators are Moving Averages, Bollinger Bands, MACD, RSI, and Stochastic.

Charts

You can use charts for technical analysis with MaxiWyse. The charts are interactive, and you can use various indicators for technical analysis. Moreover, you get advanced order types that help manage your trades. Some popular order types are Limit orders, Stop orders, and Trailing stop orders.

Multi-level SSL

MaxiWyse uses multi-level SSL encryption for the mobile trading platform. SSL ensures the safety of your personal and financial information. In addition, the advanced data security at MaxiWyse makes the overall trading experience safer and more reliable.

Available accounts on MaxiWyse

MaxiWyse offers six trading accounts that are:

Standard:

This MaxiWyse account is the most popular choice and is suitable for beginner to intermediate traders. The minimum deposit is $500, and you get a 400:1 leverage that is flexible and can be changed. You also get to trade in multiple markets with this account type and have access to strategy & indicator tools and multilingual customer support. Moreover, with this MaxiWyse trading account, you get competitive market prices to gain higher profits.

Classic

This account type on MaxiWyse is best suited for advanced traders with a starting deposit of $2500. You also enjoy the same leverage of 400:1, which is flexible, just like the Standard account. In addition, you can trade in multiple markets and have access to strategy & indicator tools with this account type. The execution order is the main difference between the Standard and Classic account types. With a Classic account, you get multiple executive orders.

Discovery

The MaxiWyse Discovery account is for professional traders requiring more than a regular account can offer. The starting deposit for this account is $10000, and you also get the same leverage of 400:1, which is flexible. You can access all markets with this account type and get multiple executive orders. You also get VIP customer support with this account type. MaxiWyse also offers an Islamic account that is swap-free and compliant with Sharia law.

Advanced

The Advanced MaxiWyse account comes with the advantage of comprehensive daily analysis along with everything that the discovery account offers. The only difference is in the minimum deposit, which is $50000 for the Advanced account. Moreover, if you want to open an Advanced account with swap-free trading, you can do it with this MaxiWyse account. Therefore, the MaxiWyse Advanced trading account is ideal for professional traders.

Professional

This MaxiWyse account type is for institutional traders and requires a minimum deposit of $250000. You also get the same leverage of 400:1 with this account type which is flexible. This MaxiWyse account gives you access to all markets, multiple execution orders, and VIP customer support. You also get a private account manager with this MaxiWyse account type. MaxiWyse also offers an Islamic account with this account that is swap-free and compliant with Sharia law.

Premium

The MaxiWyse Premium account is their highest level account and requires a minimum deposit of $1000000. You also get the leverage of 400:1 with this flexible account type. This MaxiWyse account gives you access to all markets, multiple execution orders, and VIP customer support. You also get a private account manager with this MaxiWyse account type. Moreover, you get sophisticated resources, and personalized market offers with this MaxiWyse account type.

How to open your trading account with MaxiWyse

The overall account opening process at MaxiWyse is easy. Here are the steps:

● Visit their official website and click on 'Register.'

● Fill in the online registration form with your details

● Choose your account type and leverage

● Upload your supporting documents (ID and proof of address)

● Deposit funds into your account

● Start trading with MaxiWyse!

MaxiWyse customer support details

MaxiWyse offers prior account setup assistance and live customer support 24 hours a day, five days a week, in multiple languages. In addition, they offer support via live chat, email, and phone.

● Email — info@maxiwyse.com

● Phone — +18009618537

Research tools at MaxiWyse

MaxiWyse offers a wide range of research tools to help you make informed trading decisions. These tools are easy to use and navigate, making them ideal for beginners and experienced traders. The tools available include:

Economic calendar

An economic calendar is a handy tool that keeps you up to date with all the latest economic events and releases. Moreover, it also provides you with an overview of how these events might impact the markets.

Latest Market News

The market news section provides you with the latest news and updates from around the world, covering all the major asset classes. MaxiWyse market news is accurate and frequently updated to help you stay on top of the markets.

Contract Expires

This tool allows you to view all the major upcoming contract expiries. It is helpful information for those who trade futures and options as it can help you make informed trading decisions. Moreover, contract expirations help you to understand the overall market sentiment.

Trading hours

The trading hours tool lets you know when the markets are open for trading. It is valuable information as it helps you plan your trades.

Educational content available at MaxiWyse

MaxiWyse offers a comprehensive news section that is constantly updated with the latest market news. There are also several economic calendars and market analysis tools available. Compared to other brokers, the educational content at MaxiWyse is decent and helpful.

MaxiWyse broker in a nutshell

MaxiWyse is an emerging Forex and CFD broker with a significant client base of over 4.5 million registered trading accounts. The MaxiWyse company is based in St. Vincent & the Grenadines and provides a proprietary trading platform for desktop and mobile devices with leverage of up to 1:400 and multiple base currencies. MaxiWyse offers a wide range of tradable instruments, including currencies, indices, stocks, metals, digital currencies, and energies. Customer support is available 24/5 in multiple languages.

MaxiWyse is yet to receive its regulatory license but is already a popular choice among traders, especially beginners. However, Maxiwyse operates with an offline license from St. Vincent & the Grenadines. Overall, Maxiwyse is a good choice of broker, especially for beginners, with a user-friendly platform, a good range of tradable instruments, and helpful educational resources.

FAQs:

What is the minimum deposit at MaxiWyse?

The minimum deposit at MaxiWyse is $500. Compared to other brokers, this is a relatively low minimum deposit.

What is the leverage offered by MaxiWyse?

The maximum leverage offered by MaxiWyse is 400:1. It is a very high level of leverage compared to many other brokers.

Does MaxiWyse offer a demo account?

No, MaxiWyse does not offer a demo account. However, they provide a wide range of educational resources which can be helpful for beginners.

Is MaxiWyse a regulated company?

No, MaxiWyse is not a regulated company. However, they are registered with St. Vincent & the Grenadines Financial Services Authority.

What are the deposit methods at MaxiWyse?

The deposit methods at MaxiWyse include credit/debit cards, bank wire transfers, and e-wallets.

What are the withdrawal methods at MaxiWyse?

The withdrawal methods at MaxiWyse are similar to the deposit methods, including credit/debit cards, bank wire transfers, and e-wallets.

How do I open an account with MaxiWyse?

You can open an account with MaxiWyse by visiting their website and filling out the online form.

Does MaxiWyse support MT4 & MT5?

No, MaxiWyse does not support MT4 or MT5. However, they have a proprietary trading platform available for desktop and mobile.

What are the spreads at MaxiWyse?

The spreads at MaxiWyse are variable, which means they can change depending on market conditions.

What is the minimum trade size at MaxiWyse?

The minimum trade size at MaxiWyse is 0.01 lots, and it is a relatively low minimum trade size compared to other brokers.

How to contact MaxiWyse customer support?

The customer support at MaxiWyse can be contacted via live chat, email, or telephone. The customer support team of MaxiWyse is available 24/5.

Does MaxiWyse offer educational content?

Yes, MaxiWyse offers a comprehensive news section covering a wide range of topics, including market analysis, technical analysis, and educational articles.

Can US residents open accounts at MaxiWyse?

No, US residents cannot open accounts at MaxiWyse & this is due to regulations in the US.

How can I change my password at MaxiWyse?

To change your password at MaxiWyse, you need to log in to your account and go to the "Profile" section. From this section, you can change your MaxiWyse account password.

What account types does MaxiWyse offer?

MaxiWyse offers six trading accounts — Standard, Classic, Discovery, Advanced, Professional, and Premium.