Finmax
lite forex investments
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Overview
Finmax was founded in 2008 and is headquartered in Bulgaria, while lite forex investments was established in 2015 and is based in Netherlands. Finmax holds licences including Financial Services Authority (FSA), while lite forex investments is regulated by Financial Conduct Authority (FCA) among others. Finmax serves 10,000+ clients worldwide; lite forex investments has 10,000+. The minimum deposit is $0 at Finmax and $250 at lite forex investments.
| Feature | Finmax | lite forex investments |
|---|---|---|
| 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-F270 |
| Founded | 2008 | 2015 |
| Country | Bulgaria | Netherlands |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Finmax and lite forex investments, directly affecting your bottom line as a trader. Finmax has a lower barrier to entry with a minimum deposit of $0 (vs $250 at lite forex investments). lite forex investments 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. lite forex investments charges deposit fees; Finmax does not. Overall, Finmax scores higher on fees in our assessment.
| Feature | Finmax | lite forex investments |
|---|---|---|
| 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 lite forex investments supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. lite forex investments supports social and copy trading features, which Finmax does not offer. The two brokers are closely matched on platform offering.
| Feature | Finmax | lite forex investments |
|---|---|---|
| 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 lite forex investments compare. lite forex investments runs regular live webinars; Finmax does not. lite forex investments has a video library; Finmax does not. lite forex investments publishes daily market commentary; Finmax does not. lite forex investments integrates third-party research tools (Trading Central); Finmax does not. lite forex investments maintains an archive of past webinars for on-demand viewing. lite forex investments scores higher overall in education and research.
| Feature | Finmax | lite forex investments |
|---|---|---|
| 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 lite forex investments supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). lite forex investments uniquely supports PayPal and Skrill and Neteller among the two brokers. lite forex investments scores higher on deposit and withdrawal flexibility.
| Feature | Finmax | lite forex investments |
|---|---|---|
| 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 lite forex investments offer live chat support. Both provide phone support. Email support is available at both brokers. Finmax supports 2 languages and lite forex investments supports 8, giving lite forex investments broader global reach. Both brokers are comparable on support quality.
| Feature | Finmax | lite forex investments |
|---|---|---|
| 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 |