Buzz
Finmax operates under the regulation of FMRRC - a regulatory authority in Russia, and is one of the most promising binary options brands in the industry. Despite being established only in 2015, many financial experts predict significant future growth.
Advantages and disadvantages of Finmax
- Fast trading platform: Developed by experienced investors and IT experts, Finmax offers a swift trading experience.
- Social trading: Finmax provides social trading options, encouraging users to learn from seasoned investors' strategies.
- Low minimum deposit: The minimum deposit and investment per trade are kept low, welcoming new investors to the trading market.
- Trading education: Finmax not only offers a trading platform but also educates investors, providing learning materials, strategies, and useful news through a dedicated educational section.
- Demo account: Users can utilize a demo account for training purposes.
- No Windows Phone support: Finmax's mobile platform does not support Windows devices as of now.
Finmax Trading Conditions
Speaking of trading conditions, it can be said that Finmax offers a wide range of options. The system and customer support are multilingual, allowing you to set one of the following languages: English, Russian, German, Spanish, French, Italian, and Arabic. The user-friendly platform has basic technical indicators. Different account types come with various fundings. Large asset indices include currency pairs in forex trading, stocks, commodities, and indices. Trading signals, news, analysis, and advanced charts are available. Popular and easily accessible payment methods. The potential profit is 90% per trade with a $5USD investment per trade. We believe Finmax customers receive valuable support with all the mentioned benefits.
Finmax Asset Diversity
Finmax offers asset indices similar to those of a forex brokerage with a comprehensive range of tools: stocks from 30 companies including Sony, Renault, Facebook, BMW... 14 indices including CAC 40, NASDAQ, S&P 500, DAX 30, Nikkei 225... 25 currency pairs including EUR/USD, GBP/USD, USD/JPY... 8 commodity assets based on 5 commodities - gold, silver, oil, gasoline, copper, gold/silver, gold/EUR, and gold/GBP.
Finmax Trading Platform
Finmax utilizes a website developed by themselves. As far as we know, most binary options brokers, especially at the outset, typically use ready-made websites developed by third parties.
Finmax makes trading conditions easier, not only convenient but also quite advanced with various technical indicators such as MA, BB, RSI, and MACD; 3 types of charts including line charts, bar charts, candlestick charts; different timeframes and other useful tools.
Mobile Trading
Finmax offers a mobile version, supporting you to trade your favorite assets right on your Android, iOS devices. The mobile platform resembles the main platform for PC.
Demo Account
Finmax doesn't overlook inexperienced traders. That's why Finmax provides a demo account for training purposes. You won't make real profits as the demo account uses virtual money. However, the features and tools are the same.
Account Types
Finmax offers multiple account types, catering to all market participants based on budget and trading expertise. Here are 4 types of accounts:
- Bronze Account - with a minimum deposit of 250USD, you qualify for a 25% profit share.
- Silver Account - minimum deposit of 1,000USD and 50% profit share.
- Gold Account - invest 5,000USD and potentially achieve a 75% profit share.
Platinum VIP - this account type is for experts. We do not recommend non-professional investors to use this type. You should contact the Finmax team to discuss the deposit amount and potential profits, which could reach up to 100%.
Account Opening
Registering with Finmax is quite straightforward. Customers need to fill in information on the registration page, including full name, email, phone, address, and set a password - done! Don't forget to click on the type of account you want to use - demo account or real account. After agreeing to the terms and conditions, you will become a member of Finmax.
Withdrawal
Finmax offers various withdrawal methods. Here are the methods you can deposit or withdraw funds: Bank Wire transfer, credit/debit cards like Maestro and MasterCard, online payment systems such as Skrill, Qiwi, Neteller, Yandex Money, or WebMoney. The minimum deposit is $100, and note that you cannot withdraw funds without undergoing ID verification.
Trader Training
As mentioned earlier, Finmax focuses on training and supporting customers with little trading experience. In addition to the mentioned demo account, there is also a section that includes various educational pages, such as terminology, strategies, webinars, instructional videos, trading signals... If you have any questions or want to learn more, visit the FAQ page.
Trading through Finmax, Worth it?
Finmax impresses with its simple, advanced trading platform and diverse educational materials. However, this does not mean that experts cannot use Finmax - VIP accounts come with many rich features. Additionally, Finmax operates under FMRRC regulations, has segregated accounts, and provides all solutions to ensure the safety of your funds.
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