13/01/ · The answer to the question “Is Finmax a scam?” is a resounding no. They are regulated, have an advanced platform, handle your money professionally and will be there for 09/01/ · Rating: 1/5. FiNMAX Details. FiNMAX is an online trading broker owned by Max Capital Limitedand located at F20, 1st Floor, Eden Plaza, Eden Island, Seychelles. They can Regulation and Security FinMax is a brand owned by Max Capital Ltd, a company registered in Lithuania. The headquarters of FinMax is in Bulgaria. The company claims on its website that 14/07/ · Finmax operates under max capital limited company which is regulated by IFMRRC. The broker offer 24/7 customers support and payout up to 90%. Ever since we opened 01/06/ · In addition, FinmaxFX manages the customer’s fund with European banks and regulated payment methods. Finance dealer license In conclusion, the broker is fully regulated ... read more
The functions are the same as in the web-based version. Directly get access to a wide range of assets and financial products. Also, support is available in the app. Use the app to control your portfolio from any place in the world.
Finmax looks like a reliable trading platform for beginners and advanced traders. The range of offers is large and compared to other brokers one of the best. With Finmax you can bet on rising and falling markets at the same time. Binary Options are easy to understand and much more popular.
That is why I focus on this financial product in this section. How does Finmax work? You have to make the right forecast for an asset to get a payout on a certain time horizon. Binary Options are like betting on an underlying asset. This financial product shows you the possibility to make a high profit by imagining the right direction of the markets. No matter how much the market moves, the price only has to be higher or lower than your entry point.
After a certain expiry time, the trade is closed automatically. You can choose between long and short expiry times.
As you see in the upper picture the market only can go in 2 different ways and there is only the possibility to make a loss or a win. Sometimes the profit depends on the asset and the expiry time of the trade. The broker offers you to practice this financial product in the demo account or give you a risk-free trade. As mentioned before Finmax offers different account types for traders. There are more than 6 different accounts for Binary Options.
The status of the account depends on the deposit. It is a good way to improve your profit in trading or get a free and higher bonus for your account. All in all, I like the account types system because it is unique and better than most other brokers. The biggest advantages are the higher return of profit in the gold, platinum, or VIP account. Especially for new traders and beginners, a demo account is important.
Finmax offers you an unlimited and free demo account. Beginners can learn more about financial products with virtual money. It is trading without risk. Advanced traders can improve their strategies or develop a new one. The demo account should be available with every broker. Finmax shows you that service.
From my experience, there are no differences between the real and demo accounts. Just change with one click on the platform your account between demo and real. To open a real account is very easy with Finmax. Just sign in with your personal data and you will get access to the trading platform. It is possible to deposit and trade without verification. I personally recommend doing the verification first.
Upload a picture of your passport and utility bill to get full access to the trading platform. Withdrawals without verification are not allowed. Deposit in few steps with different payment methods. Sometimes it depends on your country. Directly you can choose a bonus for your first deposit. The withdrawal of your profit is very easy too. Use the same payment method as your deposit for the withdrawal. In my test, the withdrawal takes only 48 hours to process. With a higher account type, it is possible to get faster withdrawals 24 hours.
In conclusion, the withdrawals with Finmax are very easy to do and with a Bronze account, you do not pay any fees at your first withdrawal. Like most other brokers, Finmax offers a deposit bonus to each client. Another special of the broker is the risk-free trades.
That means if you make a loss, you get it paid back by the broker. The money is credited as a bonus. Bonuses are always linked to a condition. You have to do a certain turnover trading volume after the activation of a bonus!
The turnover of the Finmax bonus is x You can only withdraw your money after the achievement of the Another important point of this test is to check customer support and service. They speak more than 8 languages and the broker accepts international traders. If you got questions the FAQ frequently asked questions or the live chat is the fastest to answer your question. From my experience, the customer support of Finmax is one of the best. They answer fast and competently. Also, the service for customers is at a high level.
They got a huge range of account managers and support employees. Each trader gets his own personal account manager. You can ask them for a 1 v 1 coaching or trading tutorials. In addition, there are webinars and daily analyses for each customer. Improve your own strategies or search for trading ideas from Finmax. In conclusion, it is reliable support and service.
Being located in Bulgaria, the FINMAX does not hold any financial license to offer its service across major markets. Apart from the legitimate status, the unauthorized nature of trading inflicts the highest risk to lose funds due to the fact that none of the authorities check on the implemented safety measures and protective tools. FINMAX claims to be regulated by the FMRRC.
Although FMRRC is an independent self-regulatory agency which was created to provide a level of regulation for derivative dealers and brokers. It has no connection with the Central Bank of Russia , the official regulatory body in Russia, and has very few legal powers with regards to regulating FMRRC regulated brokers.
FINMAX allows Indian traders to open accounts and trade. However, FINMAX has no mention of complying with any Indian regulators on its website. Here you can find the Best Forex Trading Platform in India for you. It is also worth mentioning that Forex trading is actually prohibited in India. The United States is one of the countries that is not accepted by FINMAX. As per the U. S law, brokers regulated by CFTC are the only brokers allowed for the USA traders.
So, except for FINMAX, you are only permitted to trade with the U. S regulated platforms. FINMAX offers a modern trading platform for your mobile device, we support the following — iOS, Windows Mobile and Android. However, it is fully adapted to mobile devices which allows you to trade with comfort from any location, where-ever you are, if your device is connected to the Internet.
Read about FBS Broker which offers a Demo account. Even though the trading offering might seem attractive, there are many questions in regards to the trust of the FINMAX company services and the manner they do operate the online trading itself.
Of course, an offshore status of the company does not guarantee the provision of services at the necessary level of client and funds protection.
The reputable firms that hold FCA, FINMA or other licenses are established in accordance with the international standards, protecting clients at every step and even compensating the trader in case the things go wrong with the company.
So of course, we always advise only regulated firms to trade with, as the market trading business with its decentralized nature, unfortunately, attracts many scammers, and the trader should carefully check where to invest money and trade. Yet, it is always great to hear your personal opinion about FINMAX. It is a new company which will expand the offers for traders. FinmaxFX is a reliable broker that offers more than assets to choose from. Users are never let down as there are many webinars and coaching sessions.
There is also a bonus program. Overall, definitely recommendable. Last Updated on June 1, by Arkady Müller. Risk Warning: Your capital can be endangered. Trading Forex, CFD, Binary Options, and other financial instruments carries a high risk of loss and is not suitable for all investors.
The information and videos are not an investment recommendation and serve to clarify the market mechanisms. The texts on this page are not an investment recommendation. Trading Futures and Options on Futures involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources.
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Changes will take effect once you reload the page. FinmaxFX review and test — Is it a scam or not? Table of contents:. What is FinmaxFX?
Test of the FinmaxFX trading platform Professional charting and analysis How to trade with FinmaxFX? Open your a free trading account Free and unlimited demo account Get a better account type for your deposit Review of the FinmaxFX deposit and withdrawal methods FinmaxFx support and service for traders Conclusion of the review: Is FinmaxFx legit?
FinmaxFX Review Trusted Broker Reviews. Spreads from 0. Vantage Markets. Finance dealer license. com — Open your free account. Sample assets of FinmaxFX.
Trading software Metatrader. Metatrader order mask. Account types. FinmaxFx deposit methods. FinmaxFX Review Overview and test of FinmaxFX Trusted Broker Reviews. Summary FinmaxFX is a reliable broker that offers more than assets to choose from. Binomo India.
Read More. Your capital can be endangered. OK Learn more.
Finmax is a relatively new online binary options broker. The holding company is registered in the UK with their headquarters located in London. Finmax also has an operational office located in Sofia, Bulgaria.
General Risk Warning! your capital may be at risk Currently, Finmax is regulated by the International Financial Market Relations Regulation Center IFMRRC. This is an independent non-governmental organization whose purpose is to monitor and regulate brokers and dealing centres.
Morris Processing Ltd holds the IFMRRC Certificate of Compliance Number TSRF RU AA Vv The Finmax platform is well designed and easy to navigate. Opening a new account takes a few minutes. You can choose among 4 different account types depending on how much you wish to invest.
The account types will be discussed further in this review. Withdrawals are also processed within 48 hours and depending on your account type, you can enjoy free withdrawals. Traders will benefit from the weekly trading webinars published on the platform. In addition, you will gain access to free financial market news published on the platform.
Another feature that makes Finmax stand out is the up to 3 risk-free trades they offer to new traders. Although we agree that the demo account is one of the main benefits of the Finmax platform, we did find it a bit limiting. You cannot trade CFDs and FX on the demo account. However, Finmax reports that traders will be able to trade these instruments on the demo account sometime soon.
Another drawback we found with the platform is their limited selection of tradable instruments. Currently, they offer over 70 assets. This could probably be due to the fact that Finmax is a relatively new player in the market and we can expect them to add new assets as time goes by.
The Finmax platform is powered by the TradeSmarter software. Despite being browser based, the TradeSmarter software also allows you to trade using a mobile device. Every trading account interface gives you access to a variety of technical analysis charts which allow you to keep track of specific asset movements. We liked the fact that charts actually fill the entire screen. Finmax also provides advanced charts from TradeView which cater for more advanced traders. The Finmax online broker platform was designed with both amateur and advanced traders in mind.
Amateur traders are provided with a rich library of tutorials to get them started fast. Social trading is fast becoming popular among traders. This feature allows you to keep track of top traders performance. This way, you can learn from them and increase your chances of trading profitably. If you choose to open a Finmax account you will need to choose among 4 different account types.
This account gives you access to over 75 different asset types, an account manager and a free first withdrawal. This account type gives you access to a personal account manager and 1 month access to trading signals. Withdrawals on this account type are processed within 48 hours. Other than the features found on the silver account, gold account holders get unlimited access to trading signals, daily analytics, fundamental and technical analysis plus one free withdrawal per month.
This is an invitation only type of account. Among the features available to platinum VIP account holders include:.
your capital may be at risk About the Finmax bonus The bonus amount you can receive largely depends on the account type you open. This online options broker offers binary options, CFDs and FX.
There are over 75 different financial instruments that include stocks, commodities, indices and currency pairs. For traders wishing to profit from the ultra volatile cryptocurrency market, Finmax offers Bitcoin binary options. Rather than buy or sell the cryptocurrency, the binary options allow you to speculate on its price movements and earn a fixed return.
Besides Bitcoin, Finmax also offers Litecoin, Etherum and Ripple. With regard to expiry, you can enter and exit a trade in as little as 30 seconds or as long as 6 months.
This range of expiries caters for both day traders who want to make profits within a short amount of time as well as traders who wish to hold position longer. Finmax accepts several recognized payment methods. These include bank transfer, credit card, Neteller, Webmoney, Skrill and ePayments.
The amount you deposit will depend on your chosen account type. Deposits can take a few hours to several days to reflect on your trader account. You can withdraw funds to any of the accepted payment methods. Withdrawals can take up to 5 days to reflect on your account. However, for silver, gold and platinum accounts, withdrawals can be processed in as little as 48 hours.
Beyond providing a decent options trading platform, Finmax has gone the extra mile to provide unique features all targeted towards helping traders earn more. They include trading news, advanced charts, social trading and analytics. These are available to all account types.
Each feature is rated against a total score of The Finmax website is well designed with an intuitive navigation. Traders will find it easy signing up for a demo or real account.
At the top of the site are different tabs that will redirect you to different features offered on the platform. Trader friendliness is also seen in the different features such as charts and daily finance news which make it easier to make informed trades. Depending on your account type, you can also benefit from risk free trades.
Withdrawals are fairly straightforward and you can have your withdrawal processed within 24 hours. The site is also easily accessible. It offers support for 8 different international languages. The only major shortcoming we found with the site regards regulation.
Finmax offers over 75 different asset types. Compared to more established brokers, this is quite limited.
This broker offers expiries of between 30 seconds and 6 months. With regard to fees, the platform will deduct a withdrawal fee for Bronze, Silver and Gold accounts. However, in order to be able to withdraw the bonus amount plus profits earned, you must achieve a turnover of 40 times the bonus amount. This makes it easier to manage your account balance by investing small amounts at a time. True to their commitment towards their clients, Finmax has done a good job with regard to customer support.
Their platform supports several languages. In addition, their customer support team is reachable via email or live chat. Finmax accepts several payment methods. Depending on the method you choose, your deposited amount should take anything between a few minutes to several days to reflect on your trader account.
Withdrawals are processed within 24 hours to 5 days. Depending on your account type, you will be charged a withdrawal fee or not. Besides the free demo account, you are allowed to choose among 2 additional accounts. The type of account chosen gives you access to different features. Since it was established in , Finmax has slowly grown into a reputable online binary options broker.
The platform is well designed and easily accessible via both desktop and mobile devices. So far, there are no complaints about the broker which is a good thing. However, they could use some improvements, especially regarding their limited assets offering. Overall, if you were considering opening an account with Finmax, they are worth trying out.
After three days on a row asking for an explanation still nobody has responded. Is this how Finmax treat their succesful traders. This is a bad trading experience. I got scammed by a bogus broker a couple of months ago, it was hard to get a withdrawal after several attempts.
I had to hire a recovery solution firm to get my money back. Glad this is finally over for me. Although I have been working with this company relatively recently, I really enjoyed the results. The profit is not bad, and everything is fine with the conclusion. com are more than able to get your funds back without any traces best of luck people. Помощь в выводе слитых средств.
Юристы, опыт работы вывода депозита от нечестного брокера. заявки оставляйте в скайпе igorigumnov Contents Is Finmax a legit online broker or is it a scam?
09/01/ · Rating: 1/5. FiNMAX Details. FiNMAX is an online trading broker owned by Max Capital Limitedand located at F20, 1st Floor, Eden Plaza, Eden Island, Seychelles. They can 14/07/ · Finmax operates under max capital limited company which is regulated by IFMRRC. The broker offer 24/7 customers support and payout up to 90%. Ever since we opened 13/01/ · The answer to the question “Is Finmax a scam?” is a resounding no. They are regulated, have an advanced platform, handle your money professionally and will be there for 01/06/ · In addition, FinmaxFX manages the customer’s fund with European banks and regulated payment methods. Finance dealer license In conclusion, the broker is fully regulated Regulation and Security FinMax is a brand owned by Max Capital Ltd, a company registered in Lithuania. The headquarters of FinMax is in Bulgaria. The company claims on its website that ... read more