Finmax
fxglory
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Overview
Finmax was founded in 2008 and is headquartered in Bulgaria, while fxglory was established in 2013 and is based in Cyprus. Finmax holds licences including Financial Services Authority (FSA), while fxglory is regulated by Financial Conduct Authority (FCA) among others. Finmax serves 10,000+ clients worldwide; fxglory has 1,000,000+. The minimum deposit is $0 at Finmax and $250 at fxglory.
| Feature | Finmax | fxglory |
|---|---|---|
| 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-F244 |
| Founded | 2008 | 2013 |
| Country | Bulgaria | Cyprus |
| Clients | 10,000+ | 1,000,000+ |
Fees
Fees are a critical factor when choosing between Finmax and fxglory, directly affecting your bottom line as a trader. Finmax has a lower barrier to entry with a minimum deposit of $0 (vs $250 at fxglory). fxglory 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. fxglory charges deposit fees; Finmax does not. Overall, Finmax scores higher on fees in our assessment.
| Feature | Finmax | fxglory |
|---|---|---|
| Min. Deposit | $0 | $250 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | Yes | Yes |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
Finmax offers MT4, MT5, cTrader, while fxglory supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. fxglory supports social and copy trading features, which Finmax does not offer. The two brokers are closely matched on platform offering.
| Feature | Finmax | fxglory |
|---|---|---|
| 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 fxglory compare. fxglory runs regular live webinars; Finmax does not. fxglory has a video library; Finmax does not. fxglory publishes daily market commentary; Finmax does not. fxglory integrates third-party research tools (Trading Central); Finmax does not. fxglory maintains an archive of past webinars for on-demand viewing. fxglory scores higher overall in education and research.
| Feature | Finmax | fxglory |
|---|---|---|
| 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 fxglory supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). fxglory uniquely supports PayPal and Skrill and Neteller among the two brokers. fxglory scores higher on deposit and withdrawal flexibility.
| Feature | Finmax | fxglory |
|---|---|---|
| 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 fxglory offer live chat support. Both provide phone support. Email support is available at both brokers. Finmax supports 2 languages and fxglory supports 8, giving fxglory broader global reach. Both brokers are comparable on support quality.
| Feature | Finmax | fxglory |
|---|---|---|
| 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 |