Finmax
fxglobe
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Overview
Finmax was founded in 2008 and is headquartered in Bulgaria, while fxglobe was established in 2012 and is based in Malta. Finmax holds licences including Financial Services Authority (FSA), while fxglobe is regulated by Financial Conduct Authority (FCA) among others. Finmax serves 10,000+ clients worldwide; fxglobe has 10,000+. The minimum deposit is $0 at Finmax and $250 at fxglobe.
| Feature | Finmax | fxglobe |
|---|---|---|
| Min. Deposit | $0 | $250 |
| Regulation | Financial Services Authority (FSA) | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F243 |
| Founded | 2008 | 2012 |
| Country | Bulgaria | Malta |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Finmax and fxglobe, directly affecting your bottom line as a trader. Finmax has a lower barrier to entry with a minimum deposit of $0 (vs $250 at fxglobe). fxglobe charges withdrawal fees while Finmax does not, giving Finmax an edge for frequent withdrawers. Both brokers charge inactivity fees on dormant accounts, worth noting if you trade infrequently. Overall, Finmax scores higher on fees in our assessment.
| Feature | Finmax | fxglobe |
|---|---|---|
| Min. Deposit | $0 | $250 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | Yes | Yes |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
Finmax offers MT4, MT5, cTrader, while fxglobe supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. The two brokers are closely matched on platform offering.
| Feature | Finmax | fxglobe |
|---|---|---|
| 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, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Finmax and fxglobe compare. fxglobe runs regular live webinars; Finmax does not. fxglobe has a video library; Finmax does not. fxglobe publishes daily market commentary; Finmax does not. fxglobe integrates third-party research tools (Trading Central); Finmax does not. fxglobe maintains an archive of past webinars for on-demand viewing. fxglobe scores higher overall in education and research.
| Feature | Finmax | fxglobe |
|---|---|---|
| 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 fxglobe supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). fxglobe uniquely supports PayPal and Skrill and Neteller among the two brokers. fxglobe scores higher on deposit and withdrawal flexibility.
| Feature | Finmax | fxglobe |
|---|---|---|
| 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 fxglobe offer live chat support. Both provide phone support. Email support is available at both brokers. Finmax supports 2 languages and fxglobe supports 8, giving fxglobe broader global reach. Both brokers are comparable on support quality.
| Feature | Finmax | fxglobe |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |