Direct FX
Finmax
BrokerDataNet earns affiliate commission from brokers listed on this site. This does not affect our ratings or editorial independence.
Overview
Direct FX was founded in 2006 and is headquartered in New Zealand, while Finmax was established in 2008 and is based in Bulgaria. Direct FX holds licences including Unregulated, while Finmax is regulated by Financial Services Authority (FSA) among others. Direct FX serves 10,000+ clients worldwide; Finmax has 10,000+. The minimum deposit is $1 at Direct FX and $0 at Finmax.
| Feature | Direct FX | Finmax |
|---|---|---|
| Min. Deposit | $1 | $0 |
| Regulation | Unregulated | Financial Services Authority (FSA) |
| Founded | 2006 | 2008 |
| Country | New Zealand | Bulgaria |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Direct FX 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 Direct FX). Neither broker charges withdrawal fees. Finmax applies inactivity fees on dormant accounts; Direct FX does not. Direct FX charges deposit fees; Finmax does not. The two brokers are broadly comparable on fee structure.
| Feature | Direct FX | Finmax |
|---|---|---|
| Min. Deposit | $1 | $0 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | Yes |
| Deposit Fees | Yes | No |
| CFD Fees | Yes | No |
Platforms
Direct FX offers MT4, MT5, cTrader, while Finmax supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Direct FX supports social and copy trading features, which Finmax does not offer. The two brokers are closely matched on platform offering.
| Feature | Direct FX | Finmax |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | Not available | MT4,MT5 |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Direct FX and Finmax compare. Direct FX runs regular live webinars; Finmax does not. Direct FX has a video library; Finmax does not. Direct FX publishes daily market commentary; Finmax does not. Direct FX integrates third-party research tools (Trading Central); Finmax does not. Direct FX maintains an archive of past webinars for on-demand viewing. Direct FX scores higher overall in education and research.
| Feature | Direct FX | 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. Direct FX 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 | Direct FX | 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 Direct FX 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 | Direct FX | Finmax |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |