Blitzbrokers
Finmax
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Overview
Blitzbrokers was founded in 1982 and is headquartered in Hong Kong, while Finmax was established in 2008 and is based in Bulgaria. Blitzbrokers holds licences including Securities and Futures Commission (SFC), while Finmax is regulated by Financial Services Authority (FSA) among others. Blitzbrokers serves 10,000+ clients worldwide; Finmax has 10,000+. The minimum deposit is $1 at Blitzbrokers and $0 at Finmax.
| Feature | Blitzbrokers | Finmax |
|---|---|---|
| Min. Deposit | $1 | $0 |
| Regulation | Securities and Futures Commission (SFC) | Financial Services Authority (FSA) |
| Founded | 1982 | 2008 |
| Country | Hong Kong | Bulgaria |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Blitzbrokers and Finmax, directly affecting your bottom line as a trader. Finmax has a lower barrier to entry with a minimum deposit of $0 (vs $1 at Blitzbrokers). Neither broker charges withdrawal fees. Finmax applies inactivity fees on dormant accounts; Blitzbrokers does not. The two brokers are broadly comparable on fee structure.
| Feature | Blitzbrokers | Finmax |
|---|---|---|
| Min. Deposit | $1 | $0 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | Yes |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
Blitzbrokers offers MT5, cTrader, while Finmax supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Blitzbrokers supports social and copy trading features, which Finmax does not offer. Finmax edges ahead on platform breadth and functionality in our scoring.
| Feature | Blitzbrokers | Finmax |
|---|---|---|
| MT4 | No | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | Desktop,WEB,Android | MT4,MT5 |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Blitzbrokers and Finmax compare. Blitzbrokers has a video library; Finmax does not. Blitzbrokers integrates third-party research tools (Autochartist); Finmax does not. Blitzbrokers scores higher overall in education and research.
| Feature | Blitzbrokers | 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. Blitzbrokers 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 | Blitzbrokers | 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 Blitzbrokers 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 | Blitzbrokers | Finmax |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |