TradeMax Review is Trademax.co Scam or Should I Invest

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8Max Review – 5 things you should know about 8maxtrading.com

Beware! 8Max is an offshore broker! Your investment may be at risk.

Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.

8Max is a unregulated, offshore broker which offers two standard accounts and a managed account with a leverage of up to 1000:1 and the MetaTrader4 platform.

Here we should note that the practice of offering managed accounts is highly controversial – 8Max as most other brokers is a market maker, and as a market maker the broker trades against you. In other words when 8Max makes money, you lose and vise versa. That is why if 8Max manages your account, they will be in a conflict of interest, because it will simply be in their interest to lose your money to themselves.

Otherwise the broker offers 48 currency pairs, some of which exotic or minor like USDZAR, USDTRY, USDSGD, USDSEK, USDPLN, USDNOK, USDHKD and USDCNH, but the benchmark EURUSD spread as tested with a demo account was as high as 2,4 pips, which is about a pip higher than the levels trades would usually consider attractive with a standard account.

8Max Trade regulation & safety of funds

8Max is owned and operated by Red Blue Systems Ltd. – a Vanuatu based company, which does not have a license to offer financial services to traders and investors on regulated markets like the EU, the USA, Australia, Canada or Japan.

Bear in mind that trading with unregulated brokers is extremely risky, because too often they are simply involved in scam.

Trading with brokers, holding legit licenses by well respected institutions like the Cyprus Securities and Exchange Commission (CySEC) , the Australian Securities and Investments Commission (ASIC), or the Financial Conduct Authority (FCA) in the UK on the other hand can give you a peace of mind about the safety of your funds, because regulated brokers are subject to a rigorous oversight. Besides, among other benefits, with a FCA broker for example your funds will be insured for up to 50 000 GBP.

8Max Trade deposit/withdrawal methods and fees

The minimum deposit requirement with 8Max is just 5 USD and that is fine. And they accept payments with major credit cards like VISA and MasterCArd, bank wire, bitcoins and some e-wallets like i-Account, WebMoney and UnionPay.

The broker, however, does not accept payments with Skrill and that is worth noting because of the new anti-scam policy adopted by the money transfer company – Skrill requires all brokers, using its services to show a legit license. As we noted, 8Max is note regulated.

Also, be aware of any trading bonuses that 8Max might offer you, because bonuses always come with additional withdraw conditions, which too often prove to be quite challenging.

And besides, 8Max does not offer a negative balance protection, so you can end up owing them more money than you have deposited.

How does the scam work?

Too often nowadays scam scenarios start on the social networks. You will just follow a link with some irresistible offer for fast and easy returns. Probably you will open one of the so called robo scam websites like Crypto Revolt and Bitcoin Evolution where in the beginning all you will be asked for will be your e-mail and phone.

And if you fill the simple registration form immediately you will be transferred to the web page of a unregulated, offshore broker and will be presented with a trading account in exchange of an initial deposit of about 250 USD.

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Bear in mind that trading with a scam broker at first might seem like a lot of fun. For example, your trades will be amazingly successful, but that will happen simply because your trading account will be manipulated. The idea here is that you get more susceptible to the suggestion to investing a large sum.

And surely you will be getting phone calls as well. It will be your “senior account manager” with trading signals and advises, but basically he or she will try to explain that if you want to make some real cash, you will definitely have to invest more – like at least 10 000 USD.

And at that point most people do invest that kind of money, without realizing they have been scammed until the very moment they decide to withdraw some of their funds. Then it suddenly turns out they are not allowed to withdraw because of some minimum trade volume requirement that comes with their trading bonus. The excuse, of course, might be different but the result will always be the same – scammers will not give your money back.

What to do if scammed?

The best chance you have to get your deposit back is by filling for a charge back with your credit card company. Luckily both VISA and MasterCard recently extended the maximum period in which you will be allowed to do that to 540 days.

If by any means scammers have succeeded to get to your banking details like credit card numbers or your online banking password, immediately change the password and block your credit card.

Finally, do not take the offers of the so called recovery agencies. Those people will not recover you a single penny but will simply charge you some fees in advance and basically will leave you even deeper in to the red.

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SCAM btc24trade.com Reviews: SCAM or LEGIT?

    Thread starter kona1 Start date Jul 11, 2020

kona1

Emerald Member

AFTER 1 DAY 500% MIN-MAX 30$-300$ REF. COMMISSION 3%
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AFTER 5 DAYS 10000% MIN-MAX 3000$-50000$ REF. COMMISSION 10%
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Bitcoin, Dash, ETH, LTC, Payeer, and Perfect Money

“Don’t invest what you can’t afford to lose”
P.S. I am not an admin or owner.

alnazef

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snow999

Newbie Member

carlitoxcar

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SajeebC87

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Need proof of payment.

Because its very greedy invest and risky

pachitomagic

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Bitmak.trade Review : Scam Website

Risk Warning

This Project Is 100% Sure Scam . Do Not Invest Money On Below Project . Our Team Verified That Below Project Is Scam . If You Invest Money After This Warning Only You Are Responsible For Any Kind Of Loss . Stay Away From This Project .

About Bitmak.trade

If you wanted to make money by investing online, you need to read our Bitmak.trade Review first! This new HYIP site is going viral and we believe it is one of the nastiest scams so far this year. Mark our words, in 10-30 Days, this site will disappear from the internet, taking your money with it!

Bitcoin investment market is very new and going through its nascent stage. Many people are working online or created website to take the advantage of this new investment market. Since many people will not know about the new market, their ignorance becomes the advantage for unscrupulous people. Now some question might come into your mind like, is Bitmak.trade Scam? Or is Legit? Or is Bitmak.trade Fake? Or is Bitmak.trade Real? Coming of such kind of question in your mind means that you are very wise person and take your investment serious. In this Bitmak.trade review we are going to provide all the answers. If you want to lower your burden and need our assistance immediately without reasons then ‘we do Not Recommend this website’. This website is working on the ponzi scheme patter. In ponzi scheme the company pay to its register member from the money deposited by the new members.

This sort of wild success is what defenders of the project point to, when they make their legitimacy-case. It needs to be made clear though that this success alone says nothing about whether or not Bitmak.trade is indeed a Ponzi, as many allege. It only says that if it is indeed a pyramid scheme, it is quite possibly the biggest and most successful one of the cryptocurrency age. The reason why we are seriously examining the Ponzi-possibility is that there are indeed scores of red flags pointing in this direction, many of them so fundamental and obvious that they simply cannot be ignored.

So what exactly is it that Bitmak.trade does, and how do the above described three structural elements come together, when it comes to creating the investment ecosystem Bitmak.trade creators seem so proud of?

Bitmak.trade Review

Bitmak.trade offers a HUGE return on your investment. So how are they doing it? This company is one of the shadiest institutions we’ve ever seen. They give a very brief explanation of their work, which leaves more questions than answers.

Whatever scam artists wrote their description calls their site a “team of highly skilled investors, lawyers, managers, and professionals…”. He then goes on to assert that this team is managing investments and trading cryptocurrencies for a high profit.

Great! Let’s see the proof of all that… still waiting…

If you thought these fraudsters would show you proof, guess again. They have NOTHING to show for themselves. They are NOT investment managers. They are NOT lawyers, and they are NOT trading professionals.

The reality is that “they” are most likely one or two professional SCAMMERS. This is not their first HYIP scam, they have most likely created several in the past using the same details. If you take a quick look through our scam section you will see hundreds of HYIP scams that sound almost identical to this one.

The Facts

– Who owns Bitmak.trade scam?

The registration for the website does not list a name, so your guess is as good as ours. Nobody really knows who is behind this scam. This is frustrating because when you go to retrieve your money, you will have an uphill battle without the real identity of the owner.

Tip: Never trust a HYIP site that keeps the names of the admin a secret. Only people with something to hide will conceal their real names.

– Is Bitmak.trade making money by trading and investing?

No! There is NO proof to back up this claim either. A real investing or trading site will have loads of proof, showing reports of gains and losses, and verifiable data of their successes over the past quarter. Bitmak.trade has not given any proof to show that they make profits at all.

– Is Bitmak.trade HYIP regulated and/or insured?

Another big NO! They are not regulated nor insured. This means that they do not conform to any rules. Any financial site that operates outside of the realm of rules and regulations is not one you want to invest with. They can close their website anytime they wish, steal your money anytime they wish, and basically, do whatever they want.

Is Bitmak.trade Paying?

As we said above, the site has been in operation for about 1 Days Now. We have heard from several users who described the all too common scam experience with us.

This is how the scam works. When you first invest, you can choose to wait until your investment ends or take a small daily withdrawal. For example, let’s say you invest $10. You might get a couple of dollars every few days. When you request the first withdrawal of $5, Bitmak.trade will honor that withdrawal and pay you.

This makes you feel instantly excited because you will believe that Bitmak.trade is honest and real. So you immediately invest $100-$500 and sit back and wait for your next withdrawal. Each day you see your account balance going high and higher.

You request your next withdrawal and wait for your money, but it never comes. The status of your withdrawal goes into “pending” mode. At this point, you are typically contacted by a customer support person or you email and ask for help. You are informed that you need to “deposit more funds” in order to activate the withdrawal process.

Can you see where this is going? The smart one simply walks away and learn from their mistake. The naive one’s deposit more money. Consider all of this money gone in the wind. You will never see it again. You have been scammed.

So the answer to the question above is, yes.Bitmak.trade is paying for the first one or two withdrawals, after which they will never pay you again and steal all your money. If you complain or harass them, they will close your account and block your IP access.

What Exactly Is A Hyip?

HYIPs are one of the most common scams on the internet today, though they became a source of income for scammers well before the digital age.

There are a huge number of people looking to make extra money, for many reasons, including becoming debt free or in the hopes of giving up their day job.

A large proportion of those people have internet access and will come across some of the thousands of HYIPs that are circulating the net at any time.

The allure of HYIPs is the promise of large returns on small investments, the type of investment a lot of potential internet investors may believe they can afford.

With some HYIPs offering returns from 10% to even 50% per day on an investment of as little as $10, it is easy to see why some people get suckered into them, especially when it is known that some people do make the quoted returns.

The downside of HYIPs, however, is that a larger number of people lose all their money.

In order for the HYIP to pay out to some investors, they use the money invested by the newer members.

In other words, a high yield investment program is nothing more than a Ponzi scheme.

Whilst anyone getting in early could make a profit, the truth is that the only people consistently making money from HYIPs are those that start them.

As no-one really knows how much money is circulating at any time it is impossible to predict when the HYIP will crash, as it surely will.

Chase You Invest Trade Review

Chase You Invest Trade provides current Chase Bank customers a convenient way to invest in the stock market. While Chase doesn’t provide all the bells and whistles like some of its non-bank competitors, our testing found the site to be easy to use and reliable overall.

Top Takeaways for 2020

After spending five months testing 15 of the best online brokers for our 10th Annual Review, here are our top findings on Chase You Invest Trade:

  • JP Morgan Chase, the bank behemoth with over $2.6 trillion in assets, now offers self-directed investing services, which includes buying and selling stocks, ETFs, options, mutual funds, and bonds.
  • Chase You Invest Trade is great for current Chase Bank customers seeking a simple way to buy and sell stocks. The multi-account benefits are widespread, including instant transfers, universal login, and discounted trades.
  • While You Invest Trade is reliable and easy to use, it is also very basic. When compared against standalone full-service brokerages such as TD Ameritrade and Charles Schwab, Chase trails across the board, from trading tools to research to total tradeable assets.

Overall Summary

Feature Chase You Invest Trade
Overall 3.5 Stars
Commissions & Fees 4 Stars
Offering of Investments 3.5 Stars
Platforms & Tools 1.5 Stars
Research 3.5 Stars
Education 2.5 Stars
Mobile Trading 3.5 Stars
Customer Service 4 Stars
Ease of Use 4 Stars

Commissions & Fees

You Invest Trade has no minimum deposit to open an account, and, as part of its launch, all new customers receive 100 free trades for the first year, regardless of account balance or banking status. This is the offer I took advantage of for my testing. Beyond this, commissions are just $2.95 per trade.

There are two ways to receive free stock and ETF trades each year:

  • Chase Premier Plus Checking customers ($15,000 min avg account balance) – First 100 trades free each year.
  • Chase Private Client customers ($250,000 min avg account balance) – Unlimited free trades each year. Also applies to Chase Sapphire Banking, J.P. Morgan Private Bank, and J.P. Morgan Securities clients

Chase vs Bank of America: Without question, Chase You Invest Trade’s approach to free trading is modeled after Bank of America Merrill Edge and the Preferred Rewards program. However, with Preferred Rewards, all customers receive unlimited free trades each month, regardless of their account balance. Preferred Rewards also comes with a variety of additional benefits, including money market savings boosts, credit card cash back bonuses, and more. Compare Chase You Invest vs Merrill Edge.

You Invest Trade pricing summary:

Feature Chase You Invest Trade
Minimum Deposit $0.00
Stock Trade Fee (per trade) $2.95
ETF Trade Fee $2.95
Options Base Fee $2.95
Options Per Contract Fee $0.75
Mutual Fund Trade Fee $0.00
Broker Assisted Trades Fee $25.00
Commission-Free ETFs 0

Offering of Investments

Chase You Invest provides everything an investor would require to invest in the stock market. All investment vehicles are offered, from stocks, ETFs, mutual funds, and bonds. With Chase You Invest Portfolios, Chase customers can also have their money invested for them for an annual advisory fee of 0.35% per year ($500 minimum).

Offering Limitations: You Invest Trade does not offer the ability to trade during pre- and post-hours, nor can customers trade penny stocks. Also, only basic (single leg) options trades are offered. Additionally, order types are limited (order types such as trailing stop orders and conditional orders are not available), and the primary focus is on the US markets.

You Invest investment options:

Feature Chase You Invest Trade
Stock Trading Yes
OTCBB / Pink Sheets Yes
Options Trading Yes
Complex Options Max Legs 1
Bonds (US Treasury) Yes
Futures Trading No
Forex Trading No
Mutual Funds (Total) 3500
Advisor Services Yes

Banking

From basic checking and savings accounts to home mortgages and credit cards, Chase Bank is a household name brand in the United States. JP Morgan Chase holds assets of well over $2 trillion and operates in more than 100 countries, according to Wikipedia.

Compared to Bank of America Merrill Edge, Chase goes toe to toe. Both banks offer FDIC-insured banking through 5,000+ branch offices across the United States. That said, Bank of America offers more rewards for loyal customers who hold multiple accounts with higher account balances.

Platforms & Tools

Chase offers no downloadable trading platform, and only one trading tool, Portfolio Builder, is available through the website. Overall, beyond managing a basic portfolio, maintaining a simple watch list, and placing trades, You Invest doesn’t come close to competing with the best online brokers.

Stock charts: For the average investor, everything required to conduct basic chart analysis is present, including customizations of time frame, bar type, event markers (e.g., earnings or dividends), and a respectable 20 optional indicators (think simple moving averages, volume, and Bollinger bands). Stock and index comparisons can also be conducted. However, compared to industry leaders such as TD Ameritrade and TradeStation, Chase You Invest leaves much to be desired.

Watch lists: Watch lists are very basic, showing only the price, daily change, and a mini chart of intraday performance. Yes, there are real-time quotes, but they are not streaming, which is the same throughout the entire You Invest Trade site. Lastly, instead of a streamlined table view, watch lists are organized into lists that require scrolling, making them cumbersome for more extensive symbol lists.

Portfolio Builder: Taking a closer look at Portfolio Builder, it is accessible only to accounts with at least $5,000 available to invest. While traditional robo advisors simply funnel you into one of several predefined portfolios, Portfolio Builder does the same but requires you to choose the exact holdings, then allows you to modify the weightings for each holding. Overall, for the average investor, having significant input as to what goes into the portfolio and how each holding is weighted is not ideal. I would recommend using Portfolio Builder solely for educational purposes.

Research

Researching the markets trails industry leaders Fidelity and Charles Schwab but is sufficient for novice investors. Just be aware of the constant site timeouts (see below).

Stock research: Less a downloadable research report for certain stocks from JP Morgan, stock quotes are on the whole, nothing unique, and include no data that cannot otherwise be found at Yahoo Finance. As a comparison, Fidelity offers 12 third-party reports with free ($0) trading for all customers, regardless of the account balance. Quotes aside, You Invest Trade does provide an easy to use stock screener tool.

Fund research: Fortunately, quotes for ETFs and mutual funds fare much better thanks to the inclusion of basic Morningstar data. Screening also includes Morningstar data, which is a nice plus. Like stocks, casual investors will be satisfied; however, research trails industry leaders by a measurable amount. For example, Schwab includes the full Morningstar PDF report alongside far more visual elements to help break down essential takeaways.

Market commentary: Also from J. P. Morgan’s research team, is the weekly market analysis articles. Considering that J.P. Morgan Asset Management manages over $1.7 trillion, I was not surprised to see their research present in You Invest Trade. On the whole, while the readability of Schwab’s Insights articles and Fidelity’s Viewpoints market commentary is much more fleshed out, I found the market analysis articles from J.P. Morgan to be informative and insightful.

Constant site timeouts: One final note here on research: while a lack of streaming real-time quotes throughout You Invest Trade was disappointing, I was more annoyed by the constant account time outs whenever I went to check my email or work on this review draft. For investors who prefer to remain logged into their accounts and check back throughout the day for quotes and research, You Invest Trade is not accommodating.

Customer Service

To score Customer Service, StockBrokers.com partners with customer experience research group Confero to conduct phone tests from locations throughout the United States. For our 2020 Broker Review, 280 customer service tests were conducted over ten weeks.

Results

  • Average Connection Time: th (14 brokers)

Mobile Trading

Chase makes it easy to manage your You Invest Trade account via the regular Chase mobile app available through both Apple iOS and Android. Once logged in, you can view and manage all your Chase accounts, both banking and brokerage. While the app lacks features active traders would demand like advanced charting, streaming watch lists, and alerts, it provides a bug free, clean experience for everyday investors.

Watch lists: For whatever reason, Chase made watch lists nearly impossible to find. From your dashboard, scroll down to the Indices overview, then tap “View U.S. Overview”. Next, from the top dropdown menu, tap and select “Watchlists”.

Education

Chase provides a positive educational experience for the topics of general investing and retirement. Navigation isn’t perfect, but a foundation for growth is in place.

Educational videos: In the Learning & Insights section of the site, market reports are accompanied by educational articles and videos, which I found to be well put together. In particular, I really enjoyed the videos, which reminded of the animated educational videos found at TD Ameritrade. I counted only seven videos in total, but given the strong emphasis on quality, I’d be surprised if more aren’t added in the future.

ETFs, mutual funds, and options education: If there is a drawback to the learning experience at Chase You Invest Trade, it is the lack of topic focused content. For example, while there are several articles on ETFs and Mutual Funds, it isn’t enough to pass our test of offering at least ten pieces of content to earn credit in our scoring.

Final Thoughts

Chase You Invest Trade is targeting current Chase Bank customers seeking an easy, convenient way to invest in the stock market.

If are already a Chase customer and all you require are the basics to buy some shares of your favorite stock, ETF, or mutual fund, then take advantage of Chase’s free trades. If you don’t meet the minimum for free trades, or you desire a complete brokerage experience, there are better online brokers to choose from.

About Chase

The roots of Chase stem back to 1955. In 2000, Chase Manhattan Bank merged with J.P. Morgan, forming JPMorgan Chase Bank. Headquartered in Manhattan, New York City, Chase is ranked by S&P Global as the largest bank in the United States, operating more than 5,000 branches and 16,000 ATMs nationwide. JPMorgan Chase is publicly traded on the NYSE, ticker “JPM”.

2020 Review Methodology

For the StockBrokers.com tenth annual best online brokers review published in January 2020, a total of 3,540 data points were collected over six months and used to score brokers. This makes StockBrokers.com home to the largest independent database on the web covering the online broker industry.

Participation is required to be included. Each broker completed an in-depth data profile and provided executive time (live in person or over the web) for an annual update meeting. Our rigorous data validation process yields an error rate of less than .001% each year, providing site visitors quality data they can trust. Learn more about how we test.

Best Binary Options Brokers 2020:
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    Binarium

    The Best Binary Options Broker 2020!
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    Free Demo Account!
    Free Trading Education!
    Get Your Sign-Up Bonus Now!

  • Binomo
    Binomo

    Good Broker For Experienced Traders!

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