Forex Maverick is a new trading software for Forex CFD trading which was developed by a guy named Frederik King. The software was first released on February 9th 2017.
As you continue reading this review, we will expose the many problems using a product like Forex Maverick.
Before you fall victim of a rogue Forex broker, read more about Forex Investing Scams.
Forex Maverick Review
We found one major problem with the Forex Maverick Software, and that is that there is nothing there. The video showed Fredrick and another lady using the software, but we didn’t get that. After you sign up on the Forex Maverick website, you are sent to an unlicensed forex broker that is based somewhere in Eastern Europe.
The first time we tried using the software, they gave us an account at CMB (CapMB), and the second time we were assigned to the broker StoxMarket. Both of these brokers are not licensed or regulated. See real brokers here.
Forex Maverick Scam
There are a few things that make us believe that the Forex Maverick Software may be a just another scam to get you to use a bad forex broker.
You probably saw the screenshot below when you first signed up to Forex Maverick. We want to know who is guaranteeing us $5,000 in profits?
If you are new to trading forex and CFD’s then you need to know there is no such thing as making $5,000 in one day from a $250 deposit. It just doesn’t happen in the real world. Maybe if you had $100,000 in your trading account, and you use leverage of 1:400 then you can place a good trade and make that. But for most people that is not the reality.
There are literally hundreds of Expert Advisors, also know as EA’s for trading forex, and the majority of them are not very good.
Did you try to login into http://ForexMaverick.com. We tried, and it told us to sign up again.
Scam CFD Trading Brokers
When the Swiss Franc had an extreme volatility, and moved 15% in one day in 2015, many Forex brokers went out of business. There were two types of brokers; the ones that were licensed and regulated by FCA, ASIC, CySEC etc., and the unlicensed brokers.
Traders who were using a licensed and regulated broker did not have any problem withdrawing there money, because their trading account with insured by the government.
If you are a fool, and decide to trade with an unlicensed broker who promised you monthly returns, you will never see your money again!
Be smart and use one of the popular brokers listed here.