CFI Markets
Finmax
BrokerDataNet earns affiliate commission from brokers listed on this site. This does not affect our ratings or editorial independence.
Overview
CFI Markets was founded in 2012 and is headquartered in Cyprus, while Finmax was established in 2008 and is based in Bulgaria. CFI Markets holds licences including Financial Conduct Authority (FCA), while Finmax is regulated by Financial Services Authority (FSA) among others. CFI Markets serves 10,000+ clients worldwide; Finmax has 10,000+. The minimum deposit is $100 at CFI Markets and $0 at Finmax.
| Feature | CFI Markets | Finmax |
|---|---|---|
| Min. Deposit | $100 | $0 |
| Regulation | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), The Federal Financial Supervisory Authority Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) | Financial Services Authority (FSA) |
| Founded | 2012 | 2008 |
| Country | Cyprus | Bulgaria |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between CFI Markets and Finmax, directly affecting your bottom line as a trader. Finmax has a lower barrier to entry with a minimum deposit of $0 (vs $100 at CFI Markets). CFI Markets 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. CFI Markets charges deposit fees; Finmax does not. Overall, Finmax scores higher on fees in our assessment.
| Feature | CFI Markets | Finmax |
|---|---|---|
| Min. Deposit | $100 | $0 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | Yes | Yes |
| Deposit Fees | Yes | No |
| CFD Fees | Yes | No |
Platforms
CFI Markets offers MT4, MT5, cTrader, while Finmax supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. CFI Markets supports social and copy trading features, which Finmax does not offer. The two brokers are closely matched on platform offering.
| Feature | CFI Markets | Finmax |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, Mac, Tablet & Mobile apps | MT4,MT5 |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how CFI Markets and Finmax compare. CFI Markets runs regular live webinars; Finmax does not. CFI Markets has a video library; Finmax does not. CFI Markets publishes daily market commentary; Finmax does not. CFI Markets integrates third-party research tools (Trading Central); Finmax does not. CFI Markets maintains an archive of past webinars for on-demand viewing. CFI Markets scores higher overall in education and research.
| Feature | CFI Markets | Finmax |
|---|---|---|
| Forex Education | No | No |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| Autochartist | No | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. CFI Markets 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 | CFI Markets | 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 CFI Markets 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 | CFI Markets | Finmax |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |