EagleFX
Finmax
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Overview
EagleFX was founded in 2019 and is headquartered in Dominica, while Finmax was established in 2008 and is based in Bulgaria. EagleFX holds licences including Unregulated, while Finmax is regulated by Financial Services Authority (FSA) among others. EagleFX serves 5,000+ clients worldwide; Finmax has 10,000+. The minimum deposit is $10 at EagleFX and $0 at Finmax.
| Feature | EagleFX | Finmax |
|---|---|---|
| Min. Deposit | $10 | $0 |
| Regulation | Unregulated | Financial Services Authority (FSA) |
| Founded | 2019 | 2008 |
| Country | Dominica | Bulgaria |
| Clients | 5,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between EagleFX and Finmax, directly affecting your bottom line as a trader. Finmax has a lower barrier to entry with a minimum deposit of $0 (vs $10 at EagleFX). EagleFX 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. The two brokers are broadly comparable on fee structure.
| Feature | EagleFX | Finmax |
|---|---|---|
| Min. Deposit | $10 | $0 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | Yes | Yes |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
EagleFX offers MT4, MT5, cTrader, a proprietary platform, while Finmax supports MT4, MT5, cTrader. EagleFX supports social and copy trading features, which Finmax does not offer. Finmax edges ahead on platform breadth and functionality in our scoring.
| Feature | EagleFX | Finmax |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | No | Yes |
| Android App | No | Yes |
| Trading Platforms | MT4, Web Trader, Tablet & Mobile apps | MT4,MT5 |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how EagleFX and Finmax compare. The two brokers are evenly matched on educational content.
| Feature | EagleFX | Finmax |
|---|---|---|
| Forex Education | No | No |
| CFD Education | No | No |
| Weekly Webinars | No | No |
| Daily Commentary | No | No |
| Trading Central | No | No |
| Autochartist | No | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. EagleFX 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 | EagleFX | 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 EagleFX 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 | EagleFX | Finmax |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |