Fidelity
Finmax
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Overview
Fidelity was founded in 2008 and is headquartered in USA, while Finmax was established in 2008 and is based in Bulgaria. Fidelity holds licences including Financial Conduct Authority (FCA), while Finmax is regulated by Financial Services Authority (FSA) among others. Fidelity serves 10,000+ clients worldwide; Finmax has 10,000+. The minimum deposit is $100 at Fidelity and $0 at Finmax.
| Feature | Fidelity | Finmax |
|---|---|---|
| Min. Deposit | $100 | $0 |
| Regulation | Financial Conduct Authority (FCA), Financial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC) | Financial Services Authority (FSA) |
| Founded | 2008 | 2008 |
| Country | USA | Bulgaria |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Fidelity 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 Fidelity). Neither broker charges withdrawal fees. Both brokers charge inactivity fees on dormant accounts, worth noting if you trade infrequently. Overall, Finmax scores higher on fees in our assessment.
| Feature | Fidelity | Finmax |
|---|---|---|
| Min. Deposit | $100 | $0 |
| Withdrawal Fees | No | No |
| Inactivity Fees | Yes | Yes |
| Deposit Fees | No | No |
| CFD Fees | Yes | No |
Platforms
Fidelity offers MT5, cTrader, while Finmax supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Fidelity supports social and copy trading features, which Finmax does not offer. Finmax edges ahead on platform breadth and functionality in our scoring.
| Feature | Fidelity | Finmax |
|---|---|---|
| MT4 | No | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | iPad, iPhone, Android, Windows Phone 8 device, Website, Trader Pro | MT4,MT5 |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Fidelity and Finmax compare. Fidelity runs regular live webinars; Finmax does not. Fidelity has a video library; Finmax does not. Fidelity publishes daily market commentary; Finmax does not. Fidelity integrates third-party research tools (Trading Central); Finmax does not. Fidelity maintains an archive of past webinars for on-demand viewing. Fidelity scores higher overall in education and research.
| Feature | Fidelity | 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. Fidelity 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 | Fidelity | 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 Fidelity 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 | Fidelity | Finmax |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |