MaxVol Review – Avoid Falling As The Next Victim

MaxVol broker is one without a real identity. Up until now, it’s not revealed who is the official owner of this broker. With such a business structure traders are wondering how they still exist. But these brokers often have very calculated strategies for reaching their goals.

To avoid becoming a victim of this or any similar company, read this MaxVol review carefully. Your fund’s safety is the priority here.

What is more, we strongly advise you not to invest in MFTTrade and Bitchain fraudulent brokers.

MaxVol Funds Security and Regulation

Even at first glance, you can find many irregularities. The broker claims to have your security in the first place, always. However, confirmation of that you can only find in the license. Therefore, we are checking the most reliable Tier 1 regulators. Since the website is in German, we are starting with BaFin.

Indeed, we could find traces of MaxVol broker. Thus, not in a positive manner. BaFin has issued a public warning against this broker for providing unauthorized services. 

What a twist. Just for additional confirmation we have checked some other Tier 1 regulators from Europe. For instance, CNMV, FCA and CONSOB. As expected, none of them ever had connections with MaxVol scam broker.

This should be enough for you to rethink their offer and choose another broker.

The Trading Platform Used on Their Website

Another warning sign about this scam broker is their trading software. MaxVol scam broker didn’t even put an effort to provide a trusted one. Like cTrader or Meta Trader. On the contrary, they provide their traders with quite a poor web-based platform. One looking for social or copy trading can forget about it here.

Additionally, the software is only accessible via browser. This leaves room for slower execution time, but also manipulation of the market data. Which is usually the case with scam brokers. Even though they provide all 5 major instrument classes that’s not enough for legitimacy.

On the positive side, you can check the platform from their website. You will quickly realize that it’s not worth the trouble. Moreover, they don’t provide any demo account where you can test trading conditions.

Deposit and Withdrawal at MaxVol

From funding methods, you can only see 4 logos available. But if that’s really what this broker offers remains a mystery. Primarily because you must register with them. If we will trust those logos, your options are:

• Visa/Master card
• Wire transfer
• Bitcoin

In general, what worries the most is the lack of a withdrawal policy. Especially knowing that this broker offers bonuses. Important to notice is that EU regulators have strictly banned bonuses. Mainly because of malicious clauses that scam brokers hide in their T&Cs. As we can see from MaxVol reviews, the situation is the same here.

For every dollar of bonus trader must reach a certain trading volume. Mostly insanely high and practically unreachable. But before that, you can’t get any money out. You would be able if you meet the conditions.

Account Types Available

MaxVol scam broker account types have only one goal. To get more money from its traders. The minimum deposit requirement is $250. However, if you want to get any better conditions you must invest $10.000. Here are the choices:

• Entry account $10.000
• Standard       $25.000
• Premium       $50.000
• VIP               $100.000

Besides insanely high leverage and bonus, they don’t offer anything realistic. Except maybe for spreads, but most likely that’s also a marketing trick.  They advertise spreads from 0 pips, but with a manipulative platform that’s irrelevant.

Instead, you can check some of the brokers in the list. Besides lower minimum deposit they also have additional benefits. From swap-free accounts to micro and demo accounts.

How Did This Broker Carry Out The Scam?

All investment scams have similar principles. They must attract traders somehow to leave personal details. For instance, phone number or e-mail. Once you are on their list you can expect numerous calls. Because that’s the only way they can put pressure on you.

They will use different tactics there. From bonuses, big expected turnovers and fairytales. Don’t fall for it because the broker doesn’t have any credibility. But even more importantly, regulations. This leads to the conclusion that everything they say is intending to extort more money from you.

But when it comes to withdrawals, you can’t hear from them. In the end, many traders end up with frozen accounts and no money in their pockets. If something like this is your story with MaxVol, don’t worry. There is a solution. Whether you were making a card or crypto purchase, you can trace your money. Our expert fund recovery team is there to guide you step-by-step. Get your first free consultation today!

MaxVol Summary

• MaxVol broker is unauthorized for trading services.
• BaFin has issued a warning against the company.
• Untrusted trading software.
• The broker offers bonuses with malicious clauses.
• Non-transparent withdrawal policy.
• Suspicious funding methods.
• Lack of advanced trading features.
• No fund protection measures are available.

FAQs About MaxVol Broker