Finmax
VPE Bank
BrokerDataNet earns affiliate commission from brokers listed on this site. This does not affect our ratings or editorial independence.
Overview
Finmax was founded in 2008 and is headquartered in Bulgaria, while VPE Bank was established in 2008 and is based in Germany. Finmax holds licences including Financial Services Authority (FSA), while VPE Bank is regulated by The Federal Financial Supervisory Authority Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) among others. Finmax serves 10,000+ clients worldwide; VPE Bank has 10,000+. The minimum deposit is $0 at Finmax and $5000 at VPE Bank.
| Feature | Finmax | VPE Bank |
|---|---|---|
| Min. Deposit | $0 | $5000 |
| Regulation | Financial Services Authority (FSA) | The Federal Financial Supervisory Authority Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin), Financial Industry Regulatory Authority (FINRA) |
| Founded | 2008 | 2008 |
| Country | Bulgaria | Germany |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Finmax and VPE Bank, directly affecting your bottom line as a trader. Finmax has a lower barrier to entry with a minimum deposit of $0 (vs $5000 at VPE Bank). VPE Bank 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. VPE Bank charges deposit fees; Finmax does not. Overall, Finmax scores higher on fees in our assessment.
| Feature | Finmax | VPE Bank |
|---|---|---|
| Min. Deposit | $0 | $5000 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | Yes | Yes |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
Finmax offers MT4, MT5, cTrader, while VPE Bank supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. VPE Bank supports social and copy trading features, which Finmax does not offer. The two brokers are closely matched on platform offering.
| Feature | Finmax | VPE Bank |
|---|---|---|
| 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 |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Finmax and VPE Bank compare. VPE Bank runs regular live webinars; Finmax does not. VPE Bank has a video library; Finmax does not. VPE Bank publishes daily market commentary; Finmax does not. VPE Bank integrates third-party research tools (Trading Central); Finmax does not. VPE Bank maintains an archive of past webinars for on-demand viewing. VPE Bank scores higher overall in education and research.
| Feature | Finmax | VPE Bank |
|---|---|---|
| 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 VPE Bank supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Finmax | VPE Bank |
|---|---|---|
| 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 VPE Bank offer live chat support. Both provide phone support. Email support is available at both brokers. Both brokers offer support in 2 languages. Both brokers are comparable on support quality.
| Feature | Finmax | VPE Bank |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |