Finmax
Uphold
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Overview
Finmax was founded in 2008 and is headquartered in Bulgaria, while Uphold was established in 2013 and is based in United States. Finmax holds licences including Financial Services Authority (FSA), while Uphold is regulated by FCA and FINCEN: Uphold Europe Limited among others. Finmax serves 10,000+ clients worldwide; Uphold has 4,000,000+. The minimum deposit is $0 at Finmax and $1 at Uphold.
| Feature | Finmax | Uphold |
|---|---|---|
| Min. Deposit | $0 | $1 |
| Regulation | Financial Services Authority (FSA) | FCA and FINCEN: Uphold Europe Limited, Reg No. 09281410. Uphold HQ Inc. NMLS ID No. 1269875 |
| Founded | 2008 | 2013 |
| Country | Bulgaria | United States |
| Clients | 10,000+ | 4,000,000+ |
Fees
Fees are a critical factor when choosing between Finmax and Uphold, directly affecting your bottom line as a trader. Finmax has a lower barrier to entry with a minimum deposit of $0 (vs $1 at Uphold). Neither broker charges withdrawal fees. Finmax applies inactivity fees on dormant accounts; Uphold does not. The two brokers are broadly comparable on fee structure.
| Feature | Finmax | Uphold |
|---|---|---|
| Min. Deposit | $0 | $1 |
| Withdrawal Fees | No | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
Finmax offers MT4, MT5, cTrader, while Uphold supports a proprietary platform. Both brokers provide mobile trading apps for iOS and Android. Finmax edges ahead on platform breadth and functionality in our scoring.
| Feature | Finmax | Uphold |
|---|---|---|
| MT4 | Yes | No |
| MT5 | Yes | No |
| cTrader | Yes | No |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4,MT5 | Web, Desktop & Mobile Apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Finmax and Uphold compare. Uphold runs regular live webinars; Finmax does not. Uphold has a video library; Finmax does not. Uphold maintains an archive of past webinars for on-demand viewing. Uphold scores higher overall in education and research.
| Feature | Finmax | Uphold |
|---|---|---|
| Forex Education | No | No |
| CFD Education | No | No |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | No |
| Trading Central | No | No |
| 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 Uphold supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Finmax | Uphold |
|---|---|---|
| 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 Uphold offer live chat support. Finmax offers phone support; Uphold does not. Email support is available at both brokers. Finmax supports 2 languages and Uphold supports 1, giving Finmax broader global reach. Finmax scores higher overall on customer support in our assessment.
| Feature | Finmax | Uphold |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | No |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English |