Finmax
macquarie securities limited
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Overview
Finmax was founded in 2008 and is headquartered in Bulgaria, while macquarie securities limited was established in 2019 and is based in United States. Finmax holds licences including Financial Services Authority (FSA), while macquarie securities limited is regulated by Financial Conduct Authority (FCA) among others. Finmax serves 10,000+ clients worldwide; macquarie securities limited has 10,000+. The minimum deposit is $0 at Finmax and $250 at macquarie securities limited.
| Feature | Finmax | macquarie securities limited |
|---|---|---|
| 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-F274 |
| Founded | 2008 | 2019 |
| Country | Bulgaria | United States |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Finmax and macquarie securities limited, directly affecting your bottom line as a trader. Finmax has a lower barrier to entry with a minimum deposit of $0 (vs $250 at macquarie securities limited). macquarie securities limited charges withdrawal fees while Finmax does not, giving Finmax an edge for frequent withdrawers. Finmax applies inactivity fees on dormant accounts; macquarie securities limited does not. macquarie securities limited charges deposit fees; Finmax does not. Overall, Finmax scores higher on fees in our assessment.
| Feature | Finmax | macquarie securities limited |
|---|---|---|
| Min. Deposit | $0 | $250 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
Finmax offers MT4, MT5, cTrader, while macquarie securities limited supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. macquarie securities limited supports social and copy trading features, which Finmax does not offer. The two brokers are closely matched on platform offering.
| Feature | Finmax | macquarie securities limited |
|---|---|---|
| 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 macquarie securities limited compare. macquarie securities limited runs regular live webinars; Finmax does not. macquarie securities limited has a video library; Finmax does not. macquarie securities limited publishes daily market commentary; Finmax does not. macquarie securities limited integrates third-party research tools (Trading Central); Finmax does not. macquarie securities limited maintains an archive of past webinars for on-demand viewing. macquarie securities limited scores higher overall in education and research.
| Feature | Finmax | macquarie securities limited |
|---|---|---|
| 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 macquarie securities limited supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). macquarie securities limited uniquely supports PayPal and Skrill and Neteller among the two brokers. macquarie securities limited scores higher on deposit and withdrawal flexibility.
| Feature | Finmax | macquarie securities limited |
|---|---|---|
| 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 macquarie securities limited offer live chat support. Both provide phone support. Email support is available at both brokers. Finmax supports 2 languages and macquarie securities limited supports 8, giving macquarie securities limited broader global reach. Both brokers are comparable on support quality.
| Feature | Finmax | macquarie securities limited |
|---|---|---|
| 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 |