Finmax
FP Markets
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Overview
Finmax was founded in 2008 and is headquartered in Bulgaria, while FP Markets was established in 2005 and is based in Australia. Finmax holds licences including Financial Services Authority (FSA), while FP Markets is regulated by Australian Securities and Investment Commission (ASIC) among others. Finmax serves 10,000+ clients worldwide; FP Markets has 10,000+. The minimum deposit is $0 at Finmax and $100 at FP Markets.
| Feature | Finmax | FP Markets |
|---|---|---|
| Min. Deposit | $0 | $100 |
| Regulation | Financial Services Authority (FSA) | Australian Securities and Investment Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 2008 | 2005 |
| Country | Bulgaria | Australia |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Finmax and FP Markets, directly affecting your bottom line as a trader. Finmax has a lower barrier to entry with a minimum deposit of $0 (vs $100 at FP Markets). Neither broker charges withdrawal fees. Finmax applies inactivity fees on dormant accounts; FP Markets does not. FP Markets charges deposit fees; Finmax does not. Overall, Finmax scores higher on fees in our assessment.
| Feature | Finmax | FP Markets |
|---|---|---|
| Min. Deposit | $0 | $100 |
| Withdrawal Fees | No | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
Finmax offers MT4, MT5, cTrader, while FP Markets supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. FP Markets supports social and copy trading features, which Finmax does not offer. The two brokers are closely matched on platform offering.
| Feature | Finmax | FP Markets |
|---|---|---|
| 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, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Finmax and FP Markets compare. FP Markets runs regular live webinars; Finmax does not. FP Markets has a video library; Finmax does not. FP Markets publishes daily market commentary; Finmax does not. FP Markets integrates third-party research tools (Trading Central); Finmax does not. FP Markets maintains an archive of past webinars for on-demand viewing. FP Markets scores higher overall in education and research.
| Feature | Finmax | FP Markets |
|---|---|---|
| Forex Education | No | No |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| 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 FP Markets supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). FP Markets uniquely supports PayPal and Skrill and Neteller among the two brokers. FP Markets scores higher on deposit and withdrawal flexibility.
| Feature | Finmax | FP Markets |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | Yes |
| Skrill | No | Yes |
| Neteller | No | Yes |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both Finmax and FP Markets offer live chat support. Both provide phone support. Email support is available at both brokers. Finmax offers multilingual support. Both brokers are comparable on support quality.
| Feature | Finmax | FP Markets |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | Not available |