Finmax
patersons securities limited
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Overview
Finmax was founded in 2008 and is headquartered in Bulgaria, while patersons securities limited was established in 2015 and is based in United States. Finmax holds licences including Financial Services Authority (FSA), while patersons securities limited is regulated by AFS Licence 234666 among others. Finmax serves 10,000+ clients worldwide; patersons securities limited has 10,000+. The minimum deposit is $0 at Finmax and $250 at patersons securities limited.
| Feature | Finmax | patersons securities limited |
|---|---|---|
| Min. Deposit | $0 | $250 |
| Regulation | Financial Services Authority (FSA) | AFS Licence 234666 |
| Founded | 2008 | 2015 |
| Country | Bulgaria | United States |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Finmax and patersons 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 patersons securities limited). Neither broker charges withdrawal fees. Finmax applies inactivity fees on dormant accounts; patersons securities limited does not. patersons securities limited charges deposit fees; Finmax does not. Overall, Finmax scores higher on fees in our assessment.
| Feature | Finmax | patersons securities limited |
|---|---|---|
| Min. Deposit | $0 | $250 |
| Withdrawal Fees | No | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | No |
Platforms
Finmax offers MT4, MT5, cTrader, while patersons securities limited supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. patersons securities limited supports social and copy trading features, which Finmax does not offer. The two brokers are closely matched on platform offering.
| Feature | Finmax | patersons 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 patersons securities limited compare. patersons securities limited runs regular live webinars; Finmax does not. patersons securities limited has a video library; Finmax does not. patersons securities limited publishes daily market commentary; Finmax does not. patersons securities limited integrates third-party research tools (Trading Central, Autochartist); Finmax does not. patersons securities limited maintains an archive of past webinars for on-demand viewing. patersons securities limited scores higher overall in education and research.
| Feature | Finmax | patersons securities limited |
|---|---|---|
| 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 patersons securities limited supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). patersons securities limited uniquely supports PayPal and Skrill and Neteller among the two brokers. patersons securities limited scores higher on deposit and withdrawal flexibility.
| Feature | Finmax | patersons 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 patersons securities limited offer live chat support. Both provide phone support. Email support is available at both brokers. Finmax supports 2 languages and patersons securities limited supports 8, giving patersons securities limited broader global reach. Both brokers are comparable on support quality.
| Feature | Finmax | patersons 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 |