MaxiWyse is a multi-asset platform introduced in 2022 that offers trading and investing in currencies, indices, stocks, metals, digital currencies, and energies. Considering that it’s a new broker, there is room to further expand its available range of markets. The platform is also designed to provide services to new and experienced traders, offering seven different accounts with different features and minimum funding requirements.
The starter Standard account can be opened for a minimum deposit of $500, while the VIP account is available for traders and investors that maintain about $10,000,000 in their accounts. MaxiWyse uses a standard SSL encryption when it comes to the protection and security of clients’ funds and private information. Furthermore, traders’ money is segregated from the platform, keeping them and the clients safe from any detrimental losses.
MaxiWyse also offers adequate research and analysis tools, providing a standard economic calendar, an earnings reports schedule, and daily market news and analysis. While the content sources can vary in quality, they are created in-house, making them of better quality.
Here’s an overview of the features and trading conditions offered by MaxiWyse, as stated on its website:
- High leverage
- Economic calendar
- Instant execution of orders
- Client-focused support
- Secure trading environment
- Islamic accounts
- Competitive pricing conditions
- Zero deposit fees, fast withdrawals
Trading Products
MaxiWyse supports trading across various popular asset classes, including currencies, indices, stocks, metals, digital currencies, and energies. With over 1,500 securities available, MaxiWyse offers enough selection to let its clients trade and invest globally.
As mentioned above, digital currencies or cryptocurrencies are available at MaxiWyse through trading the underlying assets and contracts for differences (CFDs). However, crypto trading on the platform is not available to residents of the US, Iraq, and North Korea.
Account Types
MaxiWyse offers seven account types with varying features and minimum deposits.
Standard, Classic, Discovery
The first three account types cater to beginner traders. However, with the Discovery account, traders should make sure that they are financially capable of meeting the minimum deposit, as there is leverage involved, and they have a need for opening an Islamic account.
Standard
Minimum deposit: $500
Features
- High Leverage
- Multiple markets access
- Strategy & Indicator tools
- Multi-language support
- Competitive market prices
Classic
Minimum deposit: $2,500
Features
- High leverage
- Multiple markets access
- Strategy & Indicator tools
- Multi-language support
- Competitive market prices
- Multiple execution orders
Discovery
Minimum deposit: $10,000
Features
- High leverage
- Multiple markets access
- Strategy & Indicator tools
- Multi-language support
- Competitive market prices
- Multiple execution orders
- Islamic Accounts
Advanced, Professional, Premium
The second set of accounts is more focused on meeting the needs of experienced traders. All three accounts allow Islamic trading, although there are still some limits to the features that traders can access with the Advanced and Professional accounts. On the other hand, the Premium account provides complete access to all the benefits, provided that traders can fund their accounts with $1,000,000 or more.
Advanced
Minimum deposit: $50,000
Features
- High leverage
- Multiple markets access
- Strategy & Indicator tools
- Multi-language support
- Competitive market prices
- Multiple execution orders
- Islamic Accounts
- Daily comprehensive analysis
Professional
Minimum deposit: $250,000
Features
- High leverage
- Multiple markets access
- Strategy & Indicator tools
- Multi-language support
- Competitive market prices
- Multiple execution orders
- Islamic Accounts
- Daily comprehensive analysis
- Private Account Manager
Premium
Minimum deposit: $1,000,000
Features
- High leverage
- Multiple markets access
- Strategy & Indicator tools
- Multi-language support
- Competitive market prices
- Multiple execution orders
- Islamic Accounts
- Daily comprehensive analysis
- Private Account Manager
- Personalized market offers
- Sophisticated resources
VIP
Lastly, Maxiwyse’s VIP account offers traders the opportunity to be part of a network where they could receive excellent prices, priority support, bonuses, and exclusive event invitations.
VIP
Minimum deposit: $10,000,000
Features
- High leverage
- Multiple markets access
- Strategy & Indicator tools
- Multi-language support
- Competitive market prices
- Multiple execution orders
- Islamic Accounts
- Daily comprehensive analysis
- Private Account Manager
- Personalized market offers
- Sophisticated investment resources
- Cumulative deposit bonus
- Discount on market spreads
- Invitations to market events
Trading Platforms
MaxiWyse’s trading app delivers all the same features across its desktop, web, and mobile platform, providing multi-device traders the convenience they need.
Features
- An array of trading tools & solutions
- Wide selection of indicators
- Zero commissions
- Rapid order execution
- 1500+ instruments available
- Multi-level SSL encryption
- Cross-market platform
MaxiWyse’s web platform offers ease of use and a straightforward process for executing basic operations. With the web trader, clients gain access to features like making watchlists and adding tradeable instruments. Finally, the mobile app is available on Google Play for users of Android devices and the Apple App Store for users of iOS devices. The mobile app also keeps the design of the web platform, including features such as watchlists and responsive charts.
Deposits and Withdrawals
MaxiWyse uses standard deposit methods, including credit card or debit card (Visa and MasterCard), bank transfer, and cryptocurrencies. As regards cashing out, withdrawal requests at MaxiWyse are processed within one to five business days, depending on the withdrawal option used.
MaxiWyse Summary: Is it worth it?
So far, MaxiWyse has done decent work at balancing helpful tools and functions in its web platform and mobile app that is pretty easy to use. Its range of accounts may provide new and experienced traders some added benefit, while the available markets still have some potential to expand.
Cameron Fairweather 29 Mar 2023 Reply