Finmax
huobi
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Overview
Finmax was founded in 2008 and is headquartered in Bulgaria, while huobi was established in 2013 and is based in China. Finmax holds licences including Financial Services Authority (FSA), while huobi is regulated by Financial Conduct Authority (FCA) among others. Finmax serves 10,000+ clients worldwide; huobi has 10,000+. The minimum deposit is $0 at Finmax and $250 at huobi.
| Feature | Finmax | huobi |
|---|---|---|
| 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-F257 |
| Founded | 2008 | 2013 |
| Country | Bulgaria | China |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Finmax and huobi, directly affecting your bottom line as a trader. Finmax has a lower barrier to entry with a minimum deposit of $0 (vs $250 at huobi). Neither broker charges withdrawal fees. Finmax applies inactivity fees on dormant accounts; huobi does not. Overall, Finmax scores higher on fees in our assessment.
| Feature | Finmax | huobi |
|---|---|---|
| Min. Deposit | $0 | $250 |
| Withdrawal Fees | No | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
Finmax offers MT4, MT5, cTrader, while huobi supports MT4, MT5, cTrader, a proprietary platform. Both brokers provide mobile trading apps for iOS and Android. huobi supports social and copy trading features, which Finmax does not offer. huobi edges ahead on platform breadth and functionality in our scoring.
| Feature | Finmax | huobi |
|---|---|---|
| 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 huobi compare. huobi runs regular live webinars; Finmax does not. huobi has a video library; Finmax does not. huobi publishes daily market commentary; Finmax does not. huobi integrates third-party research tools (Trading Central, Autochartist); Finmax does not. huobi maintains an archive of past webinars for on-demand viewing. huobi scores higher overall in education and research.
| Feature | Finmax | huobi |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | No | Yes |
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 huobi supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). huobi uniquely supports PayPal and Skrill and Neteller among the two brokers. huobi scores higher on deposit and withdrawal flexibility.
| Feature | Finmax | huobi |
|---|---|---|
| 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 huobi offer live chat support. Both provide phone support. Email support is available at both brokers. Finmax supports 2 languages and huobi supports 8, giving huobi broader global reach. Both brokers are comparable on support quality.
| Feature | Finmax | huobi |
|---|---|---|
| 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 |