Finmax
Forex Financial Services
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Overview
Finmax was founded in 2008 and is headquartered in Bulgaria, while Forex Financial Services was established in 2008 and is based in Australia. Finmax holds licences including Financial Services Authority (FSA), while Forex Financial Services is regulated by Australian Securities and investment Commission (ASIC) among others. Finmax serves 10,000+ clients worldwide; Forex Financial Services has 10,000+. The minimum deposit is $0 at Finmax and $2500 at Forex Financial Services.
| Feature | Finmax | Forex Financial Services |
|---|---|---|
| Min. Deposit | $0 | $2500 |
| Regulation | Financial Services Authority (FSA) | Australian Securities and investment Commission (ASIC) |
| Founded | 2008 | 2008 |
| Country | Bulgaria | Australia |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Finmax and Forex Financial Services, directly affecting your bottom line as a trader. Finmax has a lower barrier to entry with a minimum deposit of $0 (vs $2500 at Forex Financial Services). Neither broker charges withdrawal fees. Finmax applies inactivity fees on dormant accounts; Forex Financial Services does not. Forex Financial Services charges deposit fees; Finmax does not. Overall, Finmax scores higher on fees in our assessment.
| Feature | Finmax | Forex Financial Services |
|---|---|---|
| Min. Deposit | $0 | $2500 |
| Withdrawal Fees | No | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | No |
Platforms
Finmax offers MT4, MT5, cTrader, while Forex Financial Services supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Forex Financial Services supports social and copy trading features, which Finmax does not offer. The two brokers are closely matched on platform offering.
| Feature | Finmax | Forex Financial Services |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4,MT5 | MT4 |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Finmax and Forex Financial Services compare. The two brokers are evenly matched on educational content.
| Feature | Finmax | Forex Financial Services |
|---|---|---|
| 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. Finmax accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while Forex Financial Services supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Finmax | Forex Financial Services |
|---|---|---|
| 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 Finmax and Forex Financial Services 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 | Finmax | Forex Financial Services |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |