Finmax
Interactive Brokers
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Overview
Finmax was founded in 2008 and is headquartered in Bulgaria, while Interactive Brokers was established in 1977 and is based in United States. Finmax holds licences including Financial Services Authority (FSA), while Interactive Brokers is regulated by the US Securities and Exchange Commission and the Commodity Futures Trading Commission. Australian Securities and Investments Commission (AFSL: 453554) and is a participant of ASX among others. Finmax serves 10,000+ clients worldwide; Interactive Brokers has 1,000,000+. The minimum deposit is $0 at Finmax and $1 at Interactive Brokers.
| Feature | Finmax | Interactive Brokers |
|---|---|---|
| Min. Deposit | $0 | $1 |
| Regulation | Financial Services Authority (FSA) | the US Securities and Exchange Commission and the Commodity Futures Trading Commission. Australian Securities and Investments Commission (AFSL: 453554) and is a participant of ASX, ASX 24 and Chi-X Australia. Is a member of the Investment Industry Regulatory Organization of Canada (IIROC) and Member - Canadian Investor Protection Fund. Is authorised and regulated by the Financial Conduct Authority. FCA register entry number 208159. Is regulated by the Commission de Surveillance du Secteur Financier (CSSF). Is regulated by the Central Bank of Ireland (CBI, reference number C423427). Is licensed and regulated by the Central Bank of Hungary (Magyar Nemzeti Bank) under no. H-EN-III-623/2020. Is regulated by the Hong Kong Securities and Futures Commission. Is a member of NSE, BSE, SEBI. Regn. No. SEBI Registration No. INZ000217730; NSDL: IN-DP-NSDL-301-2008. CIN-U67120MH2007FTC170004. Is regulated by Kanto Local Finance Bureau (Registration No.187). Is licensed and regulated by the Monetary Authority of Singapore (Licence No. CMS100917). |
| Founded | 2008 | 1977 |
| Country | Bulgaria | United States |
| Clients | 10,000+ | 1,000,000+ |
Fees
Fees are a critical factor when choosing between Finmax and Interactive Brokers, directly affecting your bottom line as a trader. Finmax has a lower barrier to entry with a minimum deposit of $0 (vs $1 at Interactive Brokers). Interactive Brokers charges withdrawal fees while Finmax does not, giving Finmax an edge for frequent withdrawers. Finmax applies inactivity fees on dormant accounts; Interactive Brokers does not. The two brokers are broadly comparable on fee structure.
| Feature | Finmax | Interactive Brokers |
|---|---|---|
| Min. Deposit | $0 | $1 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | No |
| CFD Fees | No | Yes |
Platforms
Finmax offers MT4, MT5, cTrader, while Interactive Brokers supports MT4, MT5, cTrader, a proprietary platform. Both brokers provide mobile trading apps for iOS and Android. Interactive Brokers supports social and copy trading features, which Finmax does not offer. Interactive Brokers edges ahead on platform breadth and functionality in our scoring.
| Feature | Finmax | Interactive Brokers |
|---|---|---|
| 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 | Web Trader, NinjaTrader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Finmax and Interactive Brokers compare. Interactive Brokers runs regular live webinars; Finmax does not. Interactive Brokers has a video library; Finmax does not. Interactive Brokers publishes daily market commentary; Finmax does not. Interactive Brokers integrates third-party research tools (Trading Central, Autochartist); Finmax does not. Interactive Brokers maintains an archive of past webinars for on-demand viewing. Interactive Brokers scores higher overall in education and research.
| Feature | Finmax | Interactive Brokers |
|---|---|---|
| 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 Interactive Brokers supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Finmax | Interactive Brokers |
|---|---|---|
| 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 Interactive Brokers 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 | Interactive Brokers |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |