Finmax

According to the facts and figures on the FinmaxFX’s official site, there are more than 500 assets and instruments available for trading, including 250+ stocks from around the world, 16 indices, 50+ FX currency pairs, 8 commodities, and 30+ cryptocurrencies. The broker offers the MetaTrader 5 trading platform and six types of accounts (including a demo account).

Pros:

• Trader protection
• Up to 100% deposit bonus
• A wide range of tradable assets and instruments
• 24/7 customer support
• Rich education center

Cons:

• Only MetaTrader 5 available
• Low leverage supported

FinmaxFX’s customer support team is available 24/5 for normal clients and 24/7 for VIP clients. There are three ways to reach out to the company’s specialists, including Phone, Live Chat, and Email. Below are the details:

• Phone: +44 (208) 089-25-75 – London
• Live chat (on the FinmaxFX’s officil site)
• Email: [email protected]

Is FinmaxFX Safe and Reliable?

Yes. FinmaxFX is a trusted broker for two major reasons:

• iFMRRC and VFSC Regulations: FinmaxFX is fully licensed by the International Financial Market Relations Regulation Center (iFMRRC) and the Vanuatu Financial Services Commission (VFSC) – two of the most reputable regulators in the word. Besides, the broker is also one of NAFD (National Association of Forex Dealers) initiators.
• Insurance Coverage: Under the iFMRRC’s and VFSC’s regulations, clients are protected by up to 50,000 USD in the event FinmaxFX faces financial difficulties.

Finmax FX provides a safe trading environment, with its clients’ data fully encrypted using the Advanced Encryption Standards (AES). The broker also offers fund segregation and Negative Balance Protection.

FinmaxFX Facts and Figures 2023

Instruments	400+ Crypto, Indices, Forex, Commodities, Stock CFDs, ETF CFDs.
Licenses and Regulation	CROFR, VFSC.
Demo Account	Yes
Islamic Accounts	Yes
Trading Platforms	MetaTrader 5, Google Play App and iPhone App.
Minimum Deposit	$250
Accounts	Over 20,000 active users.
Customer Support	Phone, Email, Live Chat, Facebook, FAQ.
Funding & Withdrawal	Bank Transfer, Visa, MasterCard, Mestro, Skrill, ePayments, Jeton, Qiwi, Neteller, Bitcoin, WebMoney.

How to Register and Start Trading at FinmaxFX?

Below are the steps to open a trading account at FinmaxFX:

1. Enter the FinmaxFX’s official site
2. Click the “OPEN AN ACCOUNT” button at the top or in the middle of the homepage

3. Fill in the required information and click “REGISTER”

4. FinmaxFX will send you a verification email – find it in your inbox and click on the attached link to verify your email address
5. Choose a payment method and make a deposit

6. Start trading

If you are unwilling to trade with real money right away, you can start with a demo account. This is a free account with $1,000 virtual money, allowing you to practice trading without risks.

Account Types

FinmaxFX offers 5 types of real accounts to suit multiple levels of traders:

Micro account

• Initial deposit of $/€250
• Leverage of 1:200
• Fixed spreads starting from 3 pips
• No commission

Mini account

• Initial deposit of $/€1,000
• Leverage of 1:200
• Fixed spreads starting from 3 pips
• No commission

Standard account

• Initial deposit of $/€5,000
• Leverage of 1:200
• Fixed spreads starting from 3 pips
• No commission

Premium account

• Initial deposit of $/€25,000
• Leverage of 1:200
• Fixed spreads starting from 3 pips
• No commission

VIP account

• Initial deposit of $/€100,000
• Leverage of 1:200
• Fixed spreads starting from 1 pip
• No commission

Finmax Bonus Offers and Promotions

One of the attractive points of FinmaxFX is that it offers a generous welcome bonus and plenty of promotions. The higher-level your account is, the bigger the bonus and promotions are.

Starting as a Micro trader, you will receive a welcome bonus of up to 30% of your initial deposit amount. Besides, FinmaxFX offers you one ticket to participate in the webinar with their senior market analysts.

Becoming a Mini trader, you will still receive a welcome bonus of up to 30% of your initial deposit amount; additionally, you can access the company’s webinars 2 times per week.

If you choose to open a Standard account, the welcome bonus will increase to 50%. Moreover, you can have access to FinmaxFX’s trading signals.

Becoming a Premium trader, you will receive a welcome bonus of up to 80% of your initial deposit amount. Besides, you can freely access FinmaxFX’s trading signals and daily market reviews, and can participate in the company’s webinars 3 times per week.

And …

Being a VIP trader, you will have all the privileges above plus a 100% welcome bonus, unlimited access to the company’s webinars, and 24/7 support from a personal account manager and two senior analysts.

Tradable Assets and Instruments

At FinmaxFX, you can choose from more than 500 assets and instruments in various classes. Below is a list of just some of the markets available at this company:

Classes	Example instruments
Forex currency pairs	EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CHF…
Shares	BANK OF AMERICA, APPLE Inc., CISCO SYSTEMS, eBay Inc., IBM…
Commodity futures	Corn, Wheat, Coffee C, Rice, Cocoa…
Indices	S&P 500, NASDAQ 100, CAC 40…
Cryptocurrencies	Bitcoin, Ethereum, Ripple, Stellar, EOS, Cardano…
Metals	Gold, Silver, Copper, Palladium…
Energy carriers	Crude Oil, Natural Gas, and Brent Oil
Bonds	TBOND-30Y, TNOTE-10Y, 10Y EU, GILT-LONG UK…

For more details on FinmaxFX’s offered assets and instruments, please click here.

Trading Platforms

One of the Finmax’s drawbacks is that it doesn’t offer MetaTrader 4 (MT4) – the legendary platform in the online trading world. However, that is no big deal since the company provides MetaTrader 5 (MT5), which is basically the same as MT4 but better.

Some of the MT5’s features include:

• Real volume data
• Hedging allowed
• 21 time frames
• 38 technical indicators integrated
• 6 types of pending orders
• Built-in economic calendar

FinmaxFX’s MetaTrader 5 is available for Windows, iPhone, iPad, Android, and macOS. The company also offers MT5 WEB which is accessible on browsers (no download required).

Research and Education

Finmax FX has a rich education center where traders can learn to trade from basic to advanced. Besides, the company also offers an “Analytics” center with financial news, market insights, and new investment strategies updated minute by minute.

Of course, an economic calendar is indispensable. FinmaxFX’s one is highly professional and easy-to-use, which can help you track the changes of specific financial indicators for years.

Deposits and Withdrawals

Funding your FinmaxFX trading account can be done instantly through various modern payment methods, such as Visa/Mastercard, Wire Transfer, Webmoney, Yandex, QIWI, Skrill, and Neteller.

The minimum deposit at FinmaxFX is $/€250 (Micro account). The company claims not to charge any fees on clients’ deposits.

Withdrawals at FinmaxFX start from $/€10 and are processed through the method you used to top up your trading account. Cashing-out time and fees will depend on the type of account you use. Below are the details:

Account types	Fee	Withdrawal time
Micro Mini Standard Premium VIP	Yes Yes One free withdrawal per month No No	Up to 48 hours Up to 48 hours Up to 48 hours Up to 24 hours Up to 5 hours

FAQ

Which trading platforms are supported by FinmaxFX?

MetaTrader 5, Google Play App and iPhone App.

What is the minimum deposit required to open an account with FinmaxFX?

250 USD.

Final Thoughts 

FinmaxFX has just been on the market since 2015; however, thoroughly researching this company, we found that its services and reputation are not inferior to long-standing brokerage firms.

Given having to describe FinmaxFX in one word, we will choose the word “comprehensiveness.” With an advanced trading platform plus a large selection of financial products, types of accounts and payment methods, this company is actually an ideal place for all levels of traders.

FinmaxFX Alternatives

	Minimum Deposit	Deposit Bonus	No Deposit Bonus	Islamic Accounts
Binary.com	$10	20-100%	$20	Yes
Olymp Trade	$10	50-100%	No	Yes