Finmax
tastyworks
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Overview
Finmax was founded in 2008 and is headquartered in Bulgaria, while tastyworks was established in 2014 and is based in Belize. Finmax holds licences including Financial Services Authority (FSA), while tastyworks is regulated by Financial Conduct Authority (FCA) among others. Finmax serves 10,000+ clients worldwide; tastyworks has 150,000+. The minimum deposit is $0 at Finmax and $250 at tastyworks.
| Feature | Finmax | tastyworks |
|---|---|---|
| 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-F317 |
| Founded | 2008 | 2014 |
| Country | Bulgaria | Belize |
| Clients | 10,000+ | 150,000+ |
Fees
Fees are a critical factor when choosing between Finmax and tastyworks, directly affecting your bottom line as a trader. Finmax has a lower barrier to entry with a minimum deposit of $0 (vs $250 at tastyworks). tastyworks charges withdrawal fees while Finmax does not, giving Finmax an edge for frequent withdrawers. Finmax applies inactivity fees on dormant accounts; tastyworks does not. Overall, Finmax scores higher on fees in our assessment.
| Feature | Finmax | tastyworks |
|---|---|---|
| Min. Deposit | $0 | $250 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
Finmax offers MT4, MT5, cTrader, while tastyworks supports MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Finmax edges ahead on platform breadth and functionality in our scoring.
| Feature | Finmax | tastyworks |
|---|---|---|
| MT4 | Yes | No |
| 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 tastyworks compare. tastyworks runs regular live webinars; Finmax does not. tastyworks has a video library; Finmax does not. tastyworks publishes daily market commentary; Finmax does not. tastyworks integrates third-party research tools (Trading Central); Finmax does not. tastyworks maintains an archive of past webinars for on-demand viewing. tastyworks scores higher overall in education and research.
| Feature | Finmax | tastyworks |
|---|---|---|
| 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 tastyworks supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). tastyworks uniquely supports PayPal and Skrill and Neteller among the two brokers. tastyworks scores higher on deposit and withdrawal flexibility.
| Feature | Finmax | tastyworks |
|---|---|---|
| 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 tastyworks offer live chat support. Both provide phone support. Email support is available at both brokers. Finmax supports 2 languages and tastyworks supports 8, giving tastyworks broader global reach. Both brokers are comparable on support quality.
| Feature | Finmax | tastyworks |
|---|---|---|
| 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 |