MaxizOptions – Are They Safe?

Website URL: https://maxizoptions.com

Founded: 2019

Regulations: Not Regulated

Languages: English, All Google Translate Languages

Deposit Methods: Visa, Diners, MasterCard, Maestro, Visa Electron, Delta, CashU, PerfectMoney, Western Union, MoneyGram, Bitcoin, Ethereum, Litecoin

Minimum Deposit: $500

Free Demo Account: Yes

Number of Assets: N/A

Types of Assets: Binary Options Trading in Forex and Cryptos

Trading Accounts and Conditions

Here is the list of trading accounts offered by MaxizOptions:

• Starter Plan: The minimum deposit for this account type is $500.
• Basic Plan: You need to make a first deposit of at least $2,000 to use this account.
• Pro Plan: Your first deposit needs to be at least $5,000 if you wish to trade on this account.
• Premium Plan: You need to make an initial deposit of at least $10,000 if you wish to open this type of an account.
• Executive Plan: For this type of account, the minimum deposit requirement is $25,000.

Since MaxizOptions is a binary options broker, no leverage is offered. In binary options trading, a trader bets of the price movement of an asset within a certain period of time, and that time usually ranges from 30 seconds to 5 minutes.

MaxizOptions – Advantages

We could not find anything positive about trading with MaxizOptions, so we have kept this part of our review blank.

MaxizOptions – Disadvantages

Here is the long list of negatives we found about MaxizOptions:

• Anonymous Website

This broker is almost completely anonymous. There is no company name provided, and the address provided is a P.O. Box address. When we checked that address, we found out that it was fake. The only way to contact them is via email.

Therefore, if you deal with MaxizOptions, you will not know whom you’re dealing with or even where they are located. Furthermore, if you face any issues at all, there is will be no way (except email) by which you can contact them. This is itself clearly points to the fact that it is not safe to trade with this broker.

Plus500

$100

Minimum Deposit

Start Trading

Read Review

82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money

Plus500 is a FTSE 250 listed brokerage providing online trading services in CFDs, across 2,000+ securities and multiple asset classes.

 

AvaTrade

$100

Minimum Deposit

Start Trading

Read Review

The company was created as a combined effort of financial professionals and experts in web-commerce with the goal of perfecting the online experience for retail traders.

• Scam Broker

We do not even need to wait to check this broker’s regulatory status to know that they are serial scammers. This broker’s website and another broker – Amex Financials – share the same pictures of the so-called CEO and founder and consultant. Amex Financials is a known scammer, so this can only mean that the same people are behind MaxizOptions too.

• Unregulated Broker

The address provided by this broker is New Brunswick, New Jersey, USA. To be able to operate out of the US, a broker needs to be a member of the NFA (National Futures Association), have a license from the CFTC (Commodity Futures Trading Commission) as a RFED (Retail Foreign Exchange Dealer) and as an FCM (Futures Commission Merchant).

MaxizOptions has none of these licenses. Therefore, this broker is basically operating illegally.

• Unrealistic Profits Promised

MaxizOptions also promises their clients huge profits. According to their website, this broker promises that you can make a profit of as much as 96% in just 30 seconds.

This is just not possible since the forex market is risky, and options markets even more so. In fact, many authorities have banned options trading because of the extreme risk involved.

Furthermore, regulated brokers have to publish the percentage of their clients who have lost money trading on their platforms; this number usually ranges from 75% to 85%. Therefore, a promise such as the one made by MaxizOptions is just not realistic. It is just another gimmick to attract customers and scam them of their money.

• Trading Bonuses Offered

Another red flag about this broker is that they offer trading bonuses. These controversial promotions have been more or less banned in most markets, since they come with very unfair withdrawal conditions.

MaxizOptions, like other scam brokers, demands that you meet a certain trading turnover target before they will allow you to withdraw your money. And that target is so ridiculously high that no trader can actually meet it. So, this is just another tactic used by this and other brokers to divest unwary traders of their funds.

• High Minimum Deposit Requirement

MaxizOptions requires you to make a minimum deposit of $500 to begin trading on their account, which is more than 2 times higher than the market average. Most legitimate brokers require you to make a deposit of around $100 to $250. And there are many very reputed brokers who require you to make even smaller deposits.

• Simplistic Trading Platform

Another mark against this broker is its trading platform. While most brokers offer their clients the best platform for trading, the MetaTrader 4, MaxizOptions offers their clients a very basic, web-based platform with third-party charts.

Compared to the MT4 platform, which offers charting tools and technical indicators for market analytics as well as trading bots for automatic trading, this platform is really poorly constructed.

And while this broker does offer a demo account, it doesn’t seem to reflect the real platform, since the trading conditions seem very vague.

Conclusion

MaxizOptions is an anonymous and unregulated broker and we have proof that they are scammers. The corporate information about the so-called CEO and founder and a consultant’s pictures are identical to another scam broker’s website. And this broker promises ridiculous profits, profits that are unattainable. Plus, they trap customers with seemingly attractive trading bonuses. Even their platform is shabbily constructed.

This is not a broker that you should ever do business with, or you will lose all your funds. We would recommend that if you really are interested in trading, then you should look for a broker that is regulated by a reputed financial authority, and is completely transparent about its corporate information as well as its operations. This way you know your funds will be safe.

MaxizOptions

2.7

User Experience

3.5/10

Payment Options

2.3/10

Security

2.5/10

Support

2.4/10

Reputation

2.6/10

Pros

• None

Cons

• Anonymous Website
• Scam Broker
• Unregulated Broker
• Unrealistic Profits Promised
• Trading Bonuses Offered