General Information & Regulation
Maxtra Rich Forex is allegedly a forex broker registered in Thailand that claims to provide its clients with flexible leverage capped at 1:3000 on the state-of-the-art MetaTrader4 trading platform, as well as a choice of three different live account types and 24/7 customer support service. Here is the home page of this brokers official site:
As for regulation, it has been verified that Maxtra Rich Forex does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.24/10. Please be aware of the risk.
Market Instruments
Maxtra Rich Forex advertises that it is a forex broker that mainly offers forex trading. However, more specific information about tradable assets cannot be found on the Internet.
Account Types
Maxtra Rich Forex claims to offer three types of real trading accounts - Standard, Free Swap and VIP, with minimum initial deposit requirements of $5, $100 and $5,000.
Leverage
The specified leverage for different account types at Maxtra Rich Forex varies between 1:100 and 1:3000. For instance, clients on the Standard account can enjoy the maximum leverage of 1:3000, while the Free Swap and VIP accounts can experience leverage of 1:100. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Commissions
Maxtra Rich Forex claims that the commission differs on different account types. Specifically, there is no commission charged on the Standard and Free Swap accounts, while the VIP account members will have to pay a commission of $5-8.
Trading Platform Available
The platform available for trading at Maxtra Rich Forex is the industry-standard MetaTrader4. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.
Deposit & Withdrawal
Maxtra Rich Forex appears to accept deposits via credit cards. The minimum initial deposit requirement is said to be only $5, and the maximum withdrawal amount is $300.
Bonuses
Maxtra Rich Forex claims to offer a $100 credit open account bonus. In any case, you should be very cautious if you receive a bonus. Bonuses aren't client funds, they're company funds, and fulfilling the heavy requirements that are usually attached to them can prove a very daunting and difficult task. Note that brokers are prohibited from using bonuses and promotions by all leading regulators.
Customer Support
Maxtra Rich Forex‘s customer support can be reached by email: support@maxtrarich.com or send messages online to get in touch. You can also follow this broker on social networks such as Facebook and Line. Company address: Part2 Glass Coating&Car Detailing, 46 Chan Rd, Thung Maha Mek, Sathon, Bangkok 10120, Thailand. However, this broker doesn’t disclose other more direct contact information like telephone numbers that most brokers offer.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
