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Finmax Review Forex Brokers Reviews & Ratings

The Finmax online broker platform was designed with both amateur and advanced traders in mind. Amateur traders are provided with a rich library of tutorials to get them started fast. For advanced traders, there’s a host of useful features that include daily news updates and weekly webinars among others.

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A comprehensive range of free market analysis is also given, as well as an up-to-date economic calendar. Finmax offers trading using only its own proprietary trading platform. The platform is also compatible with mobile devices operating iOS, Windows Mobile, and Android.

Is Finmax a good broker?

Some clients have also reported good experiences with their account managers who provide helpful advice. For traders seeking a destination that caters to more niche needs in terms of leverage and tradeable assets, FinmaxFX delivers. Inactivity fees are a monthly occurrence and depend on how long the account has been inactive. From two to three months the fee is $80 per month, then $120 and $200 for three to six- and six-months’ inactivity, respectively. There are also withdrawal fees applied depending on the payment method, though these are reduced as one’s balance and account type climb upwards.

Contacts of FinmaxFX

The Live Chat feature is useful, with representatives that are fast enough to answer and polite. The required turnover before the bonus and profits can be withdrawn is fair and in line with the industry standards but the exact volume changes according to the type of account you have. Please contact a representative before accepting a Bonus and make sure you read their Bonus Policy. If you are not interested in CFDs and all you are looking for is binary trading, then this will have no effect on you whatsoever. Silver account holders and up receive dedicated account managers. Gold and Platinum account holders receive unlimited free signals, while Platinum account holders also get a free withdrawal service.

Educational Resources and Trading Tools on FINMAX

Technical support is competent in all matters of its subject and answers quickly enough. The MACD and RSI indicators are very helpful in technical analysis. I figured out how to read the indicators correctly, thanks to one of the webinars. As a result, the percentage of positive deals increased significantly.Another finmax review convenient moment is that the timeframes can be changed on the platform. As a generous offer to new clients, FinMax will add a bonus of up to 100% of an initial deposit into a trading account that has been set up with them. Forex broker offers the following underlying assets for Binary Options trading.

  1. I was finally able to recover my funds with the help of a pro I found on the darknet.
  2. Traders can contact a Finmax representative by telephone or skype during working hours and can use email anytime of the day.
  3. The tight spreads and fast executions are a great benefit for all traders.
  4. The broker also provides its employees with opportunities for career growth and development.
  5. The broker operates intending to create innovative trading products and tools that help traders optimize their trading results.

This means that at all times, Finmax must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law. When you move money in your trading account from the bank account, a deposit fee can be charged by the broker. Most agents don’t charge an excessive amount of money for this operation. The minimum deposit you need to get started on Finmax is $0. However, ensure that you understand how to make the most of your money before investing in larger sums. You can start using the MetaTrader 4 platform with Finmax in multiple formats including through an online web platform, or through a downloadable application for Windows PC’s and Mac’s.

Sofia 1000, Bulgaria and they also have an office in London. Unfortunately, they do not have a license with any official European financial regulator. However, they do have a license with an independent financial authority in the Russian – Financial Market Relations Regulation Center. The broker is trying to expand their base and open more offices in Europe and across the World. The company bases their trading platform on  theTradeSmarter software. Finmax is regulated by the Vanuatu Financial Services Commission (VFSC) and by the International Financial Market Relations Regulation Center (IFMRRC).

This platform is identical to the terminals that are available for desktop PCs and laptops. However, it is fully adapted to mobile devices which allows you to trade with comfort from any location, wherever you are if your device is connected to the Internet. In terms of mobile trading, Finmax is not lagging behind from the leaders in the field as you can trade binaries on your desktop and web browser and on iOS, Windows Mobile and Android devices. Their mobile platform is identical to desktop one and you should not have any problems switching from trading on your pc to trading anywhere in the World on your mobile device. You can download app for iOS from Apple App store and for Android devices from Google Play.

Criticizing the timeliness or the accuracy of FinmaxFX’s daily resources is hard, because they arrive like clockwork. Finally, it’s worth mentioning security standards and technology if reliability is being examined. A Platinum VIP account may be opened with a negotiable, larger minimum deposit.

Finmax offers more than 25 currency pairs, 43 stocks, 14 indices, 8 commodities, and 11 cryptocurrencies (including Bitcoin, Ethereum, and Ripple). This is quite a varied asset basket, which ensures that the majority of clients will be satisfied. The expiries range from 30 seconds (also 60 seconds, 2 minutes, 5 minutes) to 6 months, with many increments to choose in between, so it’s a very solid offering. The website is translated into 9 languages, Demo accounts and mobile platforms are available, but U.S. traders are not accepted.

You should know that this trade is only valid for your first trade if it ends out of the money. In that case, your lost money is returned back to your account. The broker also offers a deposit bonus system that is based on the type of your account. Russian owned and operated, this broker is regulated by two agencies, the IFMRRC and VFSC. These are the Financial Market Regulation Center and the Vanuatu Financial Services Commission, respectively. As such, FinmaxFX takes care to deploy technologies to protect clients’ funds and information, and over 20,000 active accounts can attest to their broker’s role as a secure custodian.

Based on our findings and research Finmax website is unavailable to reach, so probably Broker no longer operates. Besides, we recommend avoiding Binary Options and offshore brokers. FINMAX is not a secure Forex broker since it does not hold a license from any worldwide serious Forex authority. However, you can purchase a few options with maximum amounts if you want to invest more than $5000 on a specific trade.

You can also view TradingView charts with some of the most popular technical indicators on them. The financial news feed is also there, so you can always stay on top of all the market updates. Unfortunately, you can only trade classical High/Low and Above/Below (another version of High/Low) on the platform. A few more possibilities should be offered at some time later. That is way more than you can expect with any other broker. On the whole, trading features of the platform are excellent.

Though average users won’t encounter many unanticipated problems due to the known sturdiness of MT5, it’s always nice to know that there’s a team waiting in the wings to help traders bypass difficulties. Aside from trading fees, online brokers also charge non-trading fees. These are determined by the actions you undertake in your accounts. They’re charged for services like depositing cash, not trading for lengthy periods, or withdrawals. We were happy to discover that Finmax has quite a good bonus system. Every depositing trader is entitled to a risk free trade, which can get as high as $1000.

The team ensures the broker’s clients access high-quality services and support. The broker also provides its employees with opportunities for career growth and development. This FinmaxFX review will closely reveal the broker and its unique features. With a focus on innovation, Finmax FX has introduced the concept of ‘Finmax smart capital,’ which enables traders to access a diversified portfolio of trading assets and earn profits with minimal risk. With a comprehensive range of trading instruments, including forex, stocks, commodities, and cryptocurrencies, Finmax FX caters to the needs of traders of all levels of experience.

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