BitMaxTrade Review

BitMaxTrade Details

BitMaxTrade is an online trading broker owned by Algobit Ltd. The company is located at 309&310 Office, Albert Street Victoria, Mahe, Seychelles.

To contact BitMaxTrade, their support team can be reached via phone at +16317433278 +74997033774 or by email at support@bitmaxtrade.com.

Their website can be found at : bitmaxtrade.com

It is essential to exercise caution and conduct deep research before engaging with any online trading platform, including BitMaxTrade.

To help you make an educated decision, consider checking out our in-depth reviews of two other companies we have recently examined: IDBTrades and MaxOptions.

Is BitMaxTrade Legit or a Scam?

When researching an online broker, the first and most important step should always be to find out if they have a regulatory license from a financial institution. This will tell you whether they are regulated by a central authority or if you are dealing with an offshore and/or unregulated investment company.

Unfortunately, BitMaxTrade is not regulated or authorized to operate by any major regulatory authority, which means it will be a difficult process to withdraw from this company if they decide to ignore your request or suspend your account for trivial reasons.

If a broker is not licensed by the regulatory authority in your jurisdiction, that likely means they are unregulated and should be avoided. Even if the brokerage is regulated, it is best to avoid it if the regulator happens to be outside your jurisdiction.

Read more about this topic in our dedicated article: Financial Regulation Authorities.