Binary options are prohibited in the European Economic Area. 83% of retail investor accounts lose money when trading CFDs.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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MaxCFD Broker Review

  1. MacCFD is a broker that offers trading contracts for difference – popular CFDs. It was founded in 2017. While it may seem like an late entrant to the online trading arena, in reality, this broker can offer a lot to people who want to avoid all the complicated side tasks often related to CFDs trading and only want to focus on trading itself. So the basic premise of MaxCFD is simplicity. Creating an account is fast and the trading platform is web based which means – no downloads or installations. Drawbacks are for advanced customers the lack of expert tools.

  2. At this point MaxCFD is offering several ways to trade CFDs through their platform. The broker has heavily invested into education opportunities, which become accessible upon creating an account and contacting the account manager.

    MaxCFD also offers signals, which are sorted in a list on their website. We noticed they were a bit outdated and based on just a few assets. The expiry time was mostly one month. The signals were framed in Put/Call fashion, taking us to the conclusion they were meant for options trading.

    Like many other brokers, MacCFD also offers economic calendar, but as with other offering, specialized trading websites tend to offer better solutions.

    MaxCFD is not regulated at the moment and they offer bonuses. We recommend customers to always ask about terms and conditions before accepting a bonus.

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    Between 74-89 % of retail investor accounts lose money when trading CFDs
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  5. The trading platform seems to be SpotOption web based software. This means it is run from the browser without the need to download a software package as it is customary with MetaTrader users.

    The platform of Max CFD lets users immediately select the leverage before placing the trade, which is opposed to most other platforms where leverage is set as default in the beginning, when one signs up for an account. It is also easy to use stop loss function that is in the header and can be immediately defined. This way CFD investment is protected and the downside is defined by the user.

    Coming from binary options background, SpotOption included a few other nice tricks, like the return percentage for trader to get a sense of how much the potential payout is. This lets her manage risk in relation to the reward easier than with some other places where one needs to do a pip value calculation.

    As with any web based platform, the charting options are limited, but will be enough for beginners utilizing basic strategies.

    The broker claims 150 assets that can be used as basis for their CFD trading, however, the market realities will determine the amount since not every asset has the same trading period, nor are all markets open at every moment. In this respect, forex CFDs are most accessible, but this is not related to MaxCFD infrastructure, but it is related to the overall market which binds other brokerages, too.

    The spread offered on EUR/USD when we tried MaxCFD was 4 pips which is a bit high in our opinion.

    MaxCFD also offers a mobile trading application, available through AppStore and Google Play store, depending on which kind of smartphone operating system you use.

  6. If you want to trade with an award-winning licensed broker, we recommended using IQ Option

    Between 74-89 % of retail investor accounts lose money when trading CFDs

  7. At this point, MaxCFD offers email support via the form or the direct email contact. Two phone numbers in London are also included. We hope soon they will include a live chat support, this would really help their business and customers.

    Website supported language is only English now.

  8. Try trading with an award-winning broker like IQ Option

    Between 74-89 % of retail investor accounts lose money when trading CFDs

  9. The company behind MaxCFD is Chemmi Holdings Ltd, registered in the UK. We were unable to check if it’s a shell company with real operations being somewhere else, as has been the case with many companies in binary options before.

    Payment options include standard options like

    • Credit cards (MasterCard, Visa, Diners)
    • Debit cards (Delta, Maestro, Maestro/Switch, Solo)
    • Bank wire
    • More than 20 net wallets (Skrill, Neteller…)

    There have been reports of withdrawal problems with customers, we haven’t experienced these ourselves while tesing MaxCFDs

  10. Conclusion:

    We make it our mission to not recommend anything but the best – which, according to industry experts, is IQ Option, the top regulated broker for your country with a minimum deposit of ONLY $10!

    • FREE $10,000 demo account
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    • Licensed and regulated broker

    Trade with an
    award-winning broker
    like IQ Option

     

     

    Between 74-89 % of retail investor accounts lose money when trading CFDs
    11. Your capital is at risk

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