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Finmax Guide – Read our In-Depth Finmax Review

This Finmax review has been updated for 2021 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.

Please note that due to regulations, the content in this Finmax review does not apply to US users.

This Finmax review contains the latest information about Finmax.

If you're a new entrant in the world of trading and broker, so many details will be confusing for you. Getting into the area of trading demands expert assessing skills and thorough knowledge. You will acquire proficient at all of the concepts of brokerage since you continue trading. For starters, you need to select the right agent who'll be transparent with you always.

In this fast-paced universe of stock markets and trading, you will need guidance to make proper decisions. A professionally direct investment program will create hefty returns. Finmax is one such stage which will take you and your investment to great heights. It's crucial that you know about Finmax before you trust them with your cash.

Finmax review

Our entire Finmax Review covers all you will need to learn about trading with Finmax. A good agent can multiply your first investments and provide you favorable profits. If you would like to make profits, you should trade with a brokerage service that contrasts with your investing goals.

There's absolutely no sure-fire way to guarantee profits; therefore, you must carefully assess your agent before you choose them. It's a frequent misconception that all agents are the same, but that's not correct. Wrong judgment, in the beginning, can put your investments in danger.

Finmax is a broker which has forged its way successfully into the brokerage world. Within this review, we have attempted to collate some of the important facets of Finmax. This review will help you to understand whether Finmax is a good match for your investments or not. We have attempted to breakdown all the features and charges for your advantage.

Finmax Review, Table Of Contents

Who are Finmax?

Finmax is a forex broker headquartered in Bulgaria and provides a range of tools for trading. Since its start in 2008, Finmax has emerged as a top player in the field of online brokerage. Finmax includes an extremely aggressive and full-featured trading site that is focused on currency, indices, metals, sharesand commodities.

Over the past 13 years, Finmax has grown into one of the leading online brokers.

After launching in 2008, their customer base has become as big as 10,000+ clients.

Finmax is a favorite of many traders.. Our Finmax review found that they're an excellent alternative for automated trading options. It is most appropriate for investors who are looking for an assortment of assets. Social and automated trading options are the heart at Finmax.

Technology plays a significant role at Finmax. Finmax features trading on MT4,MT5. Finmax is honest, transparent, and a well-regulated agent by the Financial Services Authority (FSA). Their outstanding array of resources will be beneficial for the majority of traders. Third-party partnerships also provide in-house analysis.

The educational section at Finmax is quite enlightening for new dealers 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 trading.

Benefits of doing online trading with Finmax?

Trading with Finmax includes many benefits. These benefits are what sets Finmax ahead of all other online agents. You should check all the benefits listed so that you have a better understanding of Finmax.

The agent goes to great lengths to comprehend what traders want. Consequently, the service price is low, quick, and convenient. The agent also provides a number of platforms for all types of traders. Finmax ensures that the individual needs of all traders are completely met.

Finmax also features excellent trading conditions that are readily available to just an elite class of institutional customers. The tight spreads and quick executions are a fantastic benefit for those traders. The technology adopted by Finmax is among the highest caliber, making sure that it's fast, dependable, and efficient.

Finmax acknowledges the importance of having a fast order execution. A quick implementation enables users to exchange without worrying about slippage safely. It is going to also help the dealers to catch the maximum profitable opportunities.

Automated trading is another important aspect of Finmax. A new trader can learn from business experts utilizing the automatic trading alternative. The tight spread starts from as low as 0.0 pips, even though they are offered for only razor accounts.

Finmax has over 99 trading instruments to support all kinds of traders. These tools are dynamic and suitable for both the new and seasoned traders. The dealers can put aside all their worries when trading using Finmax.

Finmax overview

Year Founded: 2008

Regulated By: Financial Services Authority (FSA)

Hedquarters: Bulgaria

Minimum Deposit: $0

Number Of Clients: 10,000+

Your capital is at risk

If you feel that Finmax is not right for you then at the bottom of this Finmax review you wil find a lot of alternatives to Finmax.

What you should know about trading with Finmax

Finmax is a lively platform that offers various techniques of trading online. These tools cover the monetary markets considerably. The Majority of the brokerage platforms offer less approaches than Finmax

If you would like to trade with Finmax, you will need a minimum deposit of $0. This deposit is required if you would like to begin trading with Finmax. This 2021 Finmax review will direct you safely about trading with them.

Finmax is as versatile as another brokerage platform. Finmax is ideal for traders that want a manageable range of cheap services. The platforms provided by Finmax are third party, white-label offerings. All traders may choose from MT4,MT5.

Along with everything, Finmax has multiple benefits to new and verteran traders and should be investigated. There's no minimum time on which a trade has to be kept open. The brokers offer premium client service that rewards customers with advantages.

Many unethical brokers attempt to pressurise users into bigger funding for premium services. Finmax, on the other hand, is more focused on trading volume. Traders can expect trading conditions to be fair, honest and transparent. The more lots traded by the consumer, the further benefits will come along.

Finmax accounts are available around the world and provides excellent service everywhere they have clients. There are only a select few countries where Finmax accounts are not available. Traders in the following countries cannot open or use a Finmax account:

Is Finmax Safe To Trade With?

Established in 2006, Finmax has been open for 13 years, they have a head office in Bulgaria.

Finmax is regulated by Financial Services Authority (FSA). These bodies have rules that make sure that trading platforms have measures in place to maintain investor's resources procured. This means that Finmax users don't need to worry about their money as it's segregated and safely kept in banks that are established. SSL encryption simplifies each user's private information as well.

You can make use of an option for Two Factor Authentications (2FA) with Finmax for increased safety. An SMS for the verification code will be sent to a phone. You will be required to input this code to log into your accounts.

Another concern with financial brokers is in regards to safety might be manipulation of trading. This is highly disadvantageous to consumers on these platforms. Nonetheless, this is much more widespread in the example of Market Maker brokers who compete with users on the platform.

Pro's & Con's Of Trading With Finmax

Every online trading platform will have some ups and downs, and no Finmax review would be complete without having a balanced approach. This Finmax review covers both the pros and cons you need to know before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.

Finmax Pro's

  • Finmax is trusted by 10,000+ clients
  • Finmax doesn't charge inactivity fees
  • Finmax doesn't charge deposit fees
  • Finmax doesn't charge CFD fees
  • Finmax offer trading on MT4,MT5
  • Finmax offer 99 trading instruments
  • Finmax trades major forex pairs
  • Finmax trades exotic forex pairs
  • Finmax offers trading on cryptocurrencies
  • Finmax can communicate in

Finmax Con's

  • Finmax does not offer Negative Balance Protection
  • Finmax does not offer Guaranteed Stop Loss
  • Finmax charge withdrawal fees
  • Finmax doesn't trade minor forex pairs

Finmax Review - Compare Brokers Similar To Finmax

Finmax CIM Banque Hirose Financial Blackwell Global
Rating 4/5 4/5 4/5 4/5
Minimum Deposit $0 $100 $1 $500
Year Founded 2008 1995 2004 2010
Headquarters Bulgaria Geneva UK Cyprus
Regulated By Financial Services Authority (FSA) Financial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC), Securities Investor Protection Corporation (SIPC) Financial Conduct Authority (FCA) Financial Conduct Authority (FCA)
Clients 10,000+ 10,000+ 10,000+ 10,000+
Find Out More
Risk Warning Your capital is at risk Your capital is at risk Losses can exceed deposits Losses can exceed deposits

Finmax Review - Regulation And Licencing In More Detail

Finmax is regulated by Financial Services Authority (FSA).

Finmax, as a company, has a strong set of rules for ensuring honest trading on its own platform. For data encryption functions, it provides an industry-standard secure socket layer (SSL).

In accordance with the company's privacy regulations, client data is never to be shared with some other institutions or individuals. Including credit history and other financial information.

Finmax Review - Awards

    At the time of writing this Finmax review, they had not received any awards.

Finmax Review - Minimum Deposit Required

The minimum deposit that you must deposit to get started on Finmax is $0. This is an adequate amount for people just beginning. You can make more advanced residue as you cooperate. But, make certain that you understand how to make the most of your cash before investing larger sums.

Finmax Review - Commission And Fees Explained

Finmax is an online brokerage platform, and most online brokerages charge lower fees than traditional brokerages tend to charge. The cause of this is that the companies of online brokerages are scaled better. In other words, an online broker isn't necessarily influenced by the number of clients they have.

However, this does not mean that online brokers don't charge any fees. They charge prices of varying rates for a variety of services to earn money. There are mainly three different types of penalties for this objective.

The first kind of charges to keep an eye out for are trading charges. Whenever you make an actual trade, like purchasing a stock or an ETF, you are billed trading fees. In these cases, you're spending a spread, financing speed, or even a commission. The sorts of trading charges and the prices differ from broker to broker.

Commissions can be fixed or dependent on the traded volume. On the flip side, a spread refers to the gap between the buying and selling price. Financing or overnight rates are those that are charged when you hold a leveraged position for more than daily.

Aside from trading fees, online agents also charge non-trading fees. These are dependent on the activities you undertake on your accounts. They're billed for operations like depositing money, not trading for lengthy periods, or withdrawals.

Generally, Finmax does not charge high fees compared to other online brokers. For operations other agents charge for, they do not charge a brokerage fee, or they charge a smaller sum. This is beneficial for people who often exchange, such as daily or weekly trading.

However, non-trading fees charged by Finmax are relatively competitive. Consequently, you are charged more for non-trading actions on your trading account, like deposits and withdrawal. These are not about the purchase and sale of resources.

This Finmax review breaks down each of the applicable non-trading charges for you in detail.

Compare broker fees against Finmax

Finmax CIM Banque Hirose Financial Blackwell Global
Minimum Deposit $0 $100 $1 $500
Withdrawal Fees variable variable Yes Yes
Inactivity Fees Yes No
Deposit Fees No No
CFD Fees No No

Finmax Review - Withdrawal Fees Explained

Finmax charges a withdrawal fee when you create a bank transfer. Every time you move money back into your bank accounts, these withdrawal fees become applicable.

Withdrawal of money is possible at any time from the Finmax account. You can withdraw sums up to the sum of your account balance, keeping aside the margin used. One thing to remember is that you don't necessarily have to have any cash on your accounts.

In addition, the withdrawn money will be moved directly to the account you use to create deposits. Therefore, if you used a credit card for deposits, the withdrawn money will be sent to the card. Finmax will ask you to provide other withdrawal methods if your details have changed since your deposit.

There is a minimum withdrawal amount. In case you are withdrawing cash in different currencies from USD, a conversion fee is also applicable. The conversion fee will depend on the money you're choosing to draw in.

Finmax Review - Inactivity Fees Explained

Understanding whether you will be charged inactivity fees is one of those buzzing questions which run through your mind when open an account with Finmax. An inactivity fee is an amount charged to registered dealers that haven't engaged in purchasing or selling for a while. The period regarded as inactive is decided by the broker.

The inactivity fee differs from 1 broker to another and isn't generalized. If a traders account doesn't have a purchasing or selling transaction, it's claimed by the broker as an inactivity fee. The traders need to pay this commission under terms and conditions that they had agreed while enrolling.

Finmax doesn't charge inactivity fees so you are free to pop in and out of your account as needed

Even if no charges have been implied by Finmax, it is best for you to close the account if you're inactive. Inactivity fees aren't just charged by broker companies but also many financial services.

For other trading platforms, the inactivity fee is contingent upon the type of account you have chosen. The inactivity fee is exposed to many circumstances and should be revealed clearly by the agent beforehand.

Finmax Review - Deposit Fees Explained

When you move money in your trading account from the bank account, a deposit fee can be billed by the broker. Most brokers don't charge too much money for this particular operation.

Finmax doesn't charge deposit fees so you are free to transfer smaller amounts of money in more regularly if needed

Depositing money on the Finmax trading platform is simple. You simply have to finish a single-user profile questionnaire to start depositing money into your trading account. You'll need to provide an identity evidence and evidence of residency to deposit substantial sums.

Finmax Review - Compare Broker Deposit Methods

Finmax CIM Banque Hirose Financial Blackwell Global
Minimum Deposit $0 $100 $1 $500
Credit Card

What Can You trade With Finmax?

Note: Finmax provides many different trading instruments due to regulatory restrictions in a few countries. Trading instruments offered may differ based on the country of residence of the client.

Finmax has a wide variety of over 99 instruments available for you to trade with.

If trading forex pairs is of interest to you then Finmax offer over forex pairs.

Compare Finmax, CIM Banque, Hirose Financial & Blackwell Global below.

Finmax CIM Banque Hirose Financial Blackwell Global
Platforms MT4, MT5 Android , iPhone, Mac, iPade MT4, Mirror Trader, Web Trader, Binary, Tablet & Mobile apps MT4, Mac, Tablet & Mobile apps
Instruments Available 99 74 100 100
Forex & Crypto
Forex Pairs Available 15 50
Offers Major Forex Pairs? Yes No Yes Yes
Offers Minor Forex Pairs? No No Yes
Offers Exotic Forex Pairs? Yes No Yes
Offers Cryptocurrencies? Yes No No No
Commodity CFD's
Commodities Offered 0 0 0 0
Trade Metals? Yes No No Yes
Trade Energies? Yes No No Yes
Trade Agricultural? Yes No No No
Indiced & Stock CFDs
Stocks Offered 0 0 0
Trade UK Shares? Yes No No No
Trade US Shares? Yes No No No
Trade German Shares? No No No Yes
Trade Japanese Shares? No No No Yes

Your capital is at risk

Your capital is at risk

Losses can exceed deposits

Losses can exceed deposits

Alternatives To Finmax

If, after reading this Finmax review, Finmax doesn't quite meet your needs check out these Finmax alternatives.

We've scoured the web to find the best alternatives to Finmax. Click the links below to find out more.

Frequently Asked Questions about Finmax

Can I try Finmax before I buy?

Yes, you can most certainly try Finmax before you buy. Finmax provides demo accounts for the ease of beginner traders. You may use this feature to build your faith in the system as well as yourself and your trading strategies.

If you sign up for a demonstration account on Finmax, you may set out using a decent amount of virtual currency. It's to establish a feeling of security and confidence in you until you choose to spend your own money.

With this digital Finmaxdemo account, you are able to experiment in any way, to whatever length you wish. You might even start positions, examine different trading approaches, and more.

Finmax specifies on its official website that you are able to trade real time stocks with your demo account.

Is Finmax safe?

You can drop all your worries since we believe that Finmax is totally safe to use. It's in compliance with the principles of Financial Services Authority (FSA).

Nevertheless, Finmax does not provide assured stop-loss protection.

Why does Finmax ask for my passport?

The reason that Finmax asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies. Because there is a lot of money moving around the world, Finmax has to be careful that they don't breach any money laundering laws and part of that is know as KYC (Know your customer). 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.

How can I start trading with Finmax?

The process to start trading withFinmax is perhaps simple enough to be a cakewalk. You need to begin by signing up on the Finmax website. It will require you to fill in details pertaining to the credibility and security of your account.

Once you are done setting up your profile, you must deposit a minimum amount to get started. The minimum deposit for a live acocunt with Finmax is $0. You should have a good hold over the nuances of online trading before you set out and trade with real money.

If you are confident of your knowledge and understanding, you can open an account with Finmax.

The best way to kickstart your trading career with Finmax is to open a demo account facility before risking any real money

What funding methods do Finmax accept?

There are a number of ways to finance your account with Finmax. The process is effortless and quick, with various payment methods at your fingertips.

You can use credit or debit cards Which range from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal is also at your disposal for depositing funds. You have to keep in mind that PayPal isn't available in every country. The currencies Finmax

Is my money safe with Finmax?

Yes, your money is safe and protected with Finmax. As you already know, Finmax operates with good conformation to. It has established plenty of measures to guard all its own investors.

Finmax safeguards its clients' personal and sensitive information under SSL encryption. Your capital will be retained highly secure in top-tier banks.

If you wish to further protect your accounts, you can enable Two-Step Verification also. It requires an SMS affirmation that you get your account.

Is Finmax trading good?

Yes, trading through Finmax is a pleasant and good experience indeed. It is a great and intuitive platform with useful features for your ease. In addition, you could even obtain access to a huge collection of educational tools and assistive material to kickstart your trading expertise.

If you are still skeptical, you can start a eToro demo account and evaluate the credibility of the platform for yourself.

Which Countries does Finmax support?

Finmax operates across the globe. However, due to regulations there are some countries that Finmax does not accept clients from

Is Finmax legit?

Finmax is a legit company headquarted in Bulgaria since 2008. They are regulated by Financial Services Authority (FSA). Finmax is an acclaimed fintech company, which operates with transparency. You will not have to bear any hidden costs or be a victim to any scams.

Is Finmax a good broker?

Finmax is an excellent broker, and its users may vouch for this. The highlight of this platform is its quick order execution on trades.

You will discover the clean layout of the platform and the commendable features that a pleasure to work with.

Is Finmax a trustworthy broker?

Yes, Finmax is a trustworthy broker. Top-tier financial authorities regulate all operations. Over 10,000+ users registered with them can reaffirm their trustable nature.

What is the minimum deposit for Finmax?

The minimum deposit to open a live account with Finmax is $0

How long do Finmax withdrawals take?

Normally, withdrawal of money from Finmax is actioned within a couple of working days but depending on the withdrawal method chosen, it could take up to 7 working days for the withdrawal from Finmax to show in your bank account.

Are Finmax regulated?

Finmax are regulated by Financial Services Authority (FSA)

Is Finmax a market leading broker?

Finmax is indisputably among the industry leaders. It has over 10,000+ registered customers and over 13 years of experience on its own record. They're one of the world's top trading platforms and a prominent figure in the Fintech revolution.

It simplifies this status to its incredible platform and wide selection of tools plus resources so that you may invest in capital markets.

Is Finmax a con?

No, Finmax is not a con. They are regulated by Financial Services Authority (FSA) and must adhere to their rules. Thus, it is safe to say that Finmax is not a scam.

Can you make money with Finmax?

Using Finmax, several traders make a lot of cash. But typically, through continual trading, you also can make between 2% - 10% profit a month.

This can look to be a little number, but within the entire year, this adds to a substantial amount of gains. Even though Finmax supply you all of the tools to make money, they cannot guarantee that you will gain.

Does Finmax have fees?

Yes. To begin trading with Finmax, you have to deposit $0. Certain commissions while trading additionally apply. Any processing fees from your bank will need to be incurred by you.

When was Finmax founded?

Finmax was founded in 2008 in Bulgaria. Finmax is regulated by Financial Services Authority (FSA).

How many people use Finmax?

Finmax is a worldwide recognised broker with 10,000+ clients.

Where is the Finmax head office?

Finmax has its head office in Bulgaria

Does Finmax offer negative balance protection?

No. Finmax does not provide negative balance protection. If your balance is negative, Finmax indicates you contact client services. With this, you are able to correct any imbalances within your own account.

Does Finmax offer guaranteed stop loss?

Finmax unfortunately, doesn't provide guaranteed stop loss. Finmax provides a chance for its dealers to close their trades at their given price. Apart from that, Finmax does not offer guaranteed stop loss.

Does Finmax allow scalping?

Yes, Finmax do allow scalping. Many traders throughout the world select Finmax for their services that are trading. They offer trading on MT4,MT5 which allow this.

Does Finmax allow hedging?

Yes, Finmax does allow hedging.

Can you trade energies with Finmax?

Yes, you can trade energy stocks with Finmax

Can you trade agricultural shares with Finmax?

Yes, you can trade agricultural stocks with Finmax

Can you trade cryptocurrency with Finmax?

Yes, you can trade cryptocurrency with Finmax

Can you trade metals with Finmax?

Yes, you can trade metals with Finmax

Can you trade UK Shares with Finmax?

Yes, you can trade UK shares with Finmax

Can you trade US Shares with Finmax?

Yes, you can trade US shares with Finmax

Can you trade Japanese Shares with Finmax?

No, unfortunately you cannot trade Japanese shares with Finmax

Can you trade German Shares with Finmax?

Yes, you can trade German shares with Finmax

Does Finmax accept bank transfers?

No, Finmax does not accept bank transfers.

Does Finmax accept credit cards?

No, Finmax does not accept credit cards.

Does Finmax accept PayPal?

No, Finmax does not accept PayPal.

Does Finmax accept Skrill?

No, Finmax does not accept Skrill.

Does Finmax accept Payoneer?

No, Finmax does not accept Payoneer.

Does Finmax accept Neteller?

No, Finmax does not accept Neteller.

Does Finmax offer Live Chat customer support?

No, Finmax does not offer customer support through live chat.

Does Finmax offer phone customer support?

No, Finmax does not offer customer support over the telephone.

Does Finmax offer email customer support?

No, Finmax does not offer customer support through email.

What languages can Finmax communicate in?

Finmax has the ability to communicate and support customers who speak:

Does Finmax have a wikipedia page?

No, Finmax does not have an official wikipedia page.

Does Finmax offer demo accounts?

Yes, Finmax offers demo accounts so you can learn their systems before risking any real money.