Ascot Securities
Finmax
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Overview
Ascot Securities was founded in 1996 and is headquartered in Estonia, while Finmax was established in 2008 and is based in Bulgaria. Ascot Securities holds licences including Cyprus Securities and Exchange Commission (CySEC), while Finmax is regulated by Financial Services Authority (FSA) among others. Ascot Securities serves 10,000+ clients worldwide; Finmax has 10,000+. The minimum deposit is $25 at Ascot Securities and $0 at Finmax.
| Feature | Ascot Securities | Finmax |
|---|---|---|
| Min. Deposit | $25 | $0 |
| Regulation | Cyprus Securities and Exchange Commission (CySEC) | Financial Services Authority (FSA) |
| Founded | 1996 | 2008 |
| Country | Estonia | Bulgaria |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Ascot Securities and Finmax, directly affecting your bottom line as a trader. Finmax has a lower barrier to entry with a minimum deposit of $0 (vs $25 at Ascot Securities). Ascot Securities charges withdrawal fees while Finmax does not, a notable advantage for frequent withdrawers. Both brokers charge inactivity fees on dormant accounts, worth noting if you trade infrequently. Ascot Securities charges deposit fees; Finmax does not. Overall, Finmax scores higher on fees in our assessment.
| Feature | Ascot Securities | Finmax |
|---|---|---|
| Min. Deposit | $25 | $0 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | Yes | Yes |
| Deposit Fees | Yes | No |
| CFD Fees | Yes | No |
Platforms
Ascot Securities offers MT4, MT5, cTrader, while Finmax supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Ascot Securities supports social and copy trading features, which Finmax does not offer. The two brokers are closely matched on platform offering.
| Feature | Ascot Securities | Finmax |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | Desktop,Android,iPhone/iPad,Mac | MT4,MT5 |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Ascot Securities and Finmax compare. Ascot Securities has a video library; Finmax does not. Ascot Securities integrates third-party research tools (Autochartist); Finmax does not. Ascot Securities scores higher overall in education and research.
| Feature | Ascot Securities | Finmax |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | No | No |
| Weekly Webinars | No | No |
| Daily Commentary | No | No |
| Trading Central | No | No |
| Autochartist | Yes | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Ascot Securities accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while Finmax supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Ascot Securities | Finmax |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | No |
| Skrill | No | No |
| Neteller | No | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both Ascot Securities and Finmax offer live chat support. Both provide phone support. Email support is available at both brokers. Both brokers offer support in 2 languages. Both brokers are comparable on support quality.
| Feature | Ascot Securities | Finmax |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |