FinmaxFX broker review 2025 ++ Scam or not? Real test
As a result, the people behind Finmax can run away with your money without any prior notice. You should be extremely cautious when dealing with an unregulated service provider. For those planning to open a ZuluTrade account, the platform provides Profit Sharing suitable for beginners and Classic for experienced speculators. Traders might choose from assorted trading currencies and be entitled to augment their trading power up to 1000 times.
Finmax has been identified as a risky opportunity by Intelligence Commissioner users. This broker has also been regulated by FMRRC (Russia) TSRF RU 0395 AA V0150 and VFSC 41072. Customer support is maintained in the U.K., Bulgaria, Cyprus, Australia and Canada. Traders can contact a Finmax representative by telephone or skype during working hours and can use email anytime of the day. Deposit bonuses are also granted, again in proportion to the amount deposited, according to the rules outlined in the “Accounts” section previously.
Finmax Review
They https://traderoom.info/finmax-overview/ state it is meant not only for making profits, but also for getting aesthetic pleasure. Going through all the functions and features that are there makes the platforms feel somewhat intuitive. You can also view TradingView charts with some of the most popular technical indicators on them.
Pro’s & Con’s Of Trading With Finmax
Additionally, swaps and rollover fees are present, the only exception being Islamic accounts which are absent these fees. 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. To prevent clients from debt, FinmaxFX applies the Negative Balance Protection policy in case customers encounter consecutive losing trades. Therefore, all policies (e.g. privacy or complaints handling) and fees are online published on the website. What is more, the broker keeps the client’s funds segregated from its bank account, which ensures the safety of the customer’s reserves.
- All the ten mentioned brokers support deposits and withdrawals via major crypto wallets, usually only in USD.
- If you are still skeptical, it is possible to start a eToro demo account and assess the credibility of the platform on your own.
- Take note that FINMAX only offers customer support from 8 in the morning to 8 in the evening (GMT +3).
- A fairly wide range of up to date market analysis is also offered.
- This deposit is compulsory if you want to start trading using Finmax.
FINMAX (Closed) Review
The educational department at Finmax is very insightful for new traders since it permits them to get a closer look in the financial markets. Finmax caters to all sorts of traders and are a must-have broker for any well-diversified method of online trading. In this fast-paced world of stock markets and trading, you will need advice to make correct decisions. A professional, direct investment online trading platform could assist you in minimising any potential losses and maximising any profits. It’s important to understand about any broker before you trust them with your money. Compared to other financial securities, the regulatory landscape for binary options remains vague and decentralized.
Trading Binary Options on Exchange vs. Over-the-Counter (OTC)
Finmax is regulated by Financial Services Authority (FSA). These figures have rules that ensure that trading platforms have ploicies in place to keep investor’s resources procured. This means that Finmax users don’t need to be worried about their money since it’s segregated and safely kept in established banks. SSL encryption secures every user’s personal information also. Together with everything, Finmax has multiple benefits to new and verteran traders and should be investigated. There is no minimum time over which a trade must be kept available.
Finmax is a online trading broker with its head office in Bulgaria and provides a variety of tools for online trading. Since its inception in 2008 they have emerged as a top player in the field of online trading. Finmax has an extremely aggressive and full-featured trading website that’s focused on forex, indices, metals, sharesand commodities. Finmax is a trading partner that has forged its way successfully to the brokerage world. Within this review, we’ve attempted to collate a number of the vital facets of Finmax. This guide can help you to understand whether Finmax is a great fit for your investments or not.
FinmaxFX review and test – Is it a scam or not?
Thankfully, the resources on the site were comprehensive enough to answer most of my questions. Along with the resources which I have already discussed, FINMAX provides an economic calendar, market reviews, fundamental and technical analysis, and social trading. Video content in the educational center looked pretty basic, though I did find some detailed strategy articles. 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. FINMAX is noteworthy for not just offering currencies, commodities, stocks, and indices to trade, but cryptocurrencies as well.
If the price increases, you will earn $9 (i.e., $10 investment × 90% payout rate). However, if the price drops, you will lose the entire investment of $10. However, you can purchase a few options with maximum amounts if you want to invest more than $5000 on a specific trade. Additionally, your account currency may be in US Dollar, Euro, Russian Ruble, or Multibot Tokens (MBT). These offers are quite generous, and the raffles are certainly unique.