Bell Potter Securities
Finmax
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Overview
Bell Potter Securities was founded in 2015 and is headquartered in Austrailia, while Finmax was established in 2008 and is based in Bulgaria. Bell Potter Securities holds licences including Australian Securities and Investment Commission (ASIC), while Finmax is regulated by Financial Services Authority (FSA) among others. Bell Potter Securities serves 10,000+ clients worldwide; Finmax has 10,000+. The minimum deposit is $5 at Bell Potter Securities and $0 at Finmax.
| Feature | Bell Potter Securities | Finmax |
|---|---|---|
| Min. Deposit | $5 | $0 |
| Regulation | Australian Securities and Investment Commission (ASIC) | Financial Services Authority (FSA) |
| Founded | 2015 | 2008 |
| Country | Austrailia | Bulgaria |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Bell Potter 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 $5 at Bell Potter Securities). Neither broker charges withdrawal fees. Both brokers charge inactivity fees on dormant accounts, worth noting if you trade infrequently. The two brokers are broadly comparable on fee structure.
| Feature | Bell Potter Securities | Finmax |
|---|---|---|
| Min. Deposit | $5 | $0 |
| Withdrawal Fees | No | No |
| Inactivity Fees | Yes | Yes |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
Bell Potter Securities offers MT4, MT5, cTrader, while Finmax supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. The two brokers are closely matched on platform offering.
| Feature | Bell Potter 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 | MetaTrader 4 | MT4,MT5 |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Bell Potter Securities and Finmax compare. Bell Potter Securities runs regular live webinars; Finmax does not. Bell Potter Securities has a video library; Finmax does not. Bell Potter Securities publishes daily market commentary; Finmax does not. Bell Potter Securities integrates third-party research tools (Trading Central, Autochartist); Finmax does not. Bell Potter Securities maintains an archive of past webinars for on-demand viewing. Bell Potter Securities scores higher overall in education and research.
| Feature | Bell Potter Securities | Finmax |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| Autochartist | Yes | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Bell Potter 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 | Bell Potter 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 Bell Potter 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 | Bell Potter Securities | Finmax |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |