Finmax Reviews Read Customer Service Reviews of finmax com
Depending on your account type, you can also benefit from risk free trades. Withdrawals are fairly straightforward and you can have your withdrawal processed within 24 hours. Opening a silver account requires a minimum deposit of $1000. You can get up to 50% of your deposit as a bonus as well as a risk free trade of up to 25% of your deposited amount. This account type gives you access to a personal account manager and 1 month access to trading signals.
Clients of FinmaxFX can earn a 50% bonus with a maximum bonus amount of $ 500 or the equivalent thereof on initial deposits. The balance of the account must remain at least at $ 100 and the client can also use the deposit after trading with the initial deposit. The bonus usually compensates traders for choosing a certain broker, since once the account is active, the trader will have the same expenses as any other. The bonus usually only starts giving some expenses back to the trader once the person has proved himself as an active trader.
Benefits of online trading with Finmax in 2025
- Finmax Bonus rules are listed in terms and conditions, but according to them, there is also a special Bonus Policy available.
- When you transfer money into your trading account by your bank account, a deposit fee can be billed by the broker.
- You can use debit or credit cards Which range from Visa, Diners, and Maestro to MasterCard and Visa Electron.
- The company services both the Bulgarian and foreign markets and uses one of the best software platforms in the industry.
- This 2025 Finmax review will guide you safely about trading with them.
- In addition, unlike other brokers, FINMAX does not charge a commission for using CFD Trading tools.
It’s way better than the “old” binary platforms that can fit on the screen of a smartphone – Finmax’s platform fills the whole screen, and overall provides a better than average experience. TradingView delivers their Advanced Charts, thus a multitude of technical indicators is available. Finmax is also organizing trading webinars on a weekly basis, and fresh market news is available on their platform. Given that most of these account tiers require higher minimum deposits, I would say that this broker is aiming its services at traders with moderate to large bankrolls. Established in 2016, FINMAX is a binary options broker which is based in Bulgaria and which is owned by a company called Morris Processing Ltd.
Educational videos, free webinars, unlimited access to daily signals and other benefits. The broker has its own trading platform for binary options trading which offers trading in both binary options and CFDs on the many underlying assets the broker offers. Regular charts and order placement work in a straightforward way on the platform, and it has a very simple and intuitive user interface. The platform also comes with integrated “advanced charts” provided by charting platform TradingView, which in our view is a big plus for the platform.
- FinmaxFX offers trading in forex, stocks, cryptocurrencies, energy carriers, Spot metals, share indexes, commodity futures, and bonds.
- Much of the information can be found by scrolling down on the landing page and there are few tabs to click.
- It is intended for educational purposes only and should never be considered financial advice.
- Many unethical brokers attempt to pressurise users into bigger financing for superior services.
- They are billed for things like depositing cash, not trading for long periods, or withdrawals.
- It’s way better than the “old” binary platforms that can fit on the screen of a smartphone – Finmax’s platform fills the whole screen, and overall provides a better than average experience.
- Generally, Finmax does not charge high fees compared to other online brokers.
Depending on your account type, you will be charged a withdrawal fee or not. Since Finmax isn’t regulated by authorities such as CySEC and ASIC, they’re not prohibited from awarding bonuses to new account holders. However, in order to be able to withdraw the bonus amount plus profits earned, you must achieve a turnover of 40 times the bonus amount. If however you want to withdraw your funds before achieving the turnover, you’ll need to forfeit the bonus plus profits earned. Compared to more established brokers, this is quite limited. However, we like the fact that they’re offering several cryptocurrencies which are in demand by most traders.
Currently, Finmax is regulated by the International Financial Market Relations Regulation Center (IFMRRC). This is an independent non-governmental organization whose purpose is to monitor and regulate brokers and dealing centres. Morris Processing Ltd holds the IFMRRC Certificate of Compliance Number TSRF RU 0395 AA Vv0103. However, you can purchase a few options with maximum amounts if you want to invest more than $5000 on a specific trade. Silver account is yours after you deposit $1000 or more (up to $4999).
And in my opinion it is fertile place to earn some money if you got bravery and some brain.Broker is definitely not a scum. My conclusions are not baseless ’cause I regularly withdraw money from my account. The website does not provide investment services or personal recommendations to clients to trade any financial instrument. Information on FairForexBrokers.com should not be seen as a recommendation to trade CFDs or cryptocurrencies or to be considered as investment advice. FairForexBrokers.com is not licensed nor authorised to provide advice on investing and related matters. There are also pricey fees charged for an inactive account.
Reviews1.8
With a sizable proportion of their merchants supposedly being from Russia, they provide their website in both English and Russian. However, the authenticity and usefulness of this platform, which is specifically designed for “Finmax,” are still being scrutinized. Finmax offers Bitcoin trading and they have it on a standard binary option. This means you can trade short-term high/low and above/below binary options with limited risk and pre-set payouts.
Trading Conditions
It will require you to fill in details pertaining to the credibility and security of your account. You will probably also have top go through the standard KYC (Know Your Customer) checks but Finmax are normally pretty quick with this. Finmax has a wide variety of over 99 instruments available for you to trade with.
One interesting thing about the learning resources is that there’s also a collection of tens trading strategies tutorials. The broker has proven that they really care about their customers. They provide live support 24/7 and the best way to contact them is on live chat, that can be found on their website. The support team responds quickly and deals with your issues efficiently.
Finmax Live Chat Support
Still, they might remain accessible to convince you to invest further. Also, they might begin by making a few excuses regarding your payment. If you want to get your money back from a scammer, you’d need to file a chargeback. That’s https://traderoom.info/finmax-overview/ why it’s vital for you to always check a company’s regulation status as well as its license information. The presence of a license allows consumers to reach out to an authority if something goes wrong. Finmax has been identified as a risky opportunity by Intelligence Commissioner users.
This ranges between 25% for Bronze Accounts to 100% for Platinum VIP accounts. Like with most brokers offering bonuses, you’re required to achieve a specific turnover amount before you’re allowed to withdraw profits. Although we agree that the demo account is one of the main benefits of the Finmax platform, we did find it a bit limiting. However, Finmax reports that traders will be able to trade these instruments on the demo account sometime soon.
CFD trades on other markets have no commission but do wrap a spread around the market price of a certain instrument. Commissions are the charges imposed by an investment broker on a trader for making trades on the trader’s behalf. The level of commissions depends on the asset being traded and the type of service offered by the broker. The commission is charged when making withdrawals using the Micro and Mini accounts. On the Standard account, traders are allowed one commission-free withdrawal per month.