Is Finmax a Scam? Read This Brutally Honest Review

finmax broker

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. 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.

finmax broker

They are the best way to predict trends or trade support and resistance strategies. Use horizontal lines, vertical lines, and trend lines for analysis. In addition, the brokers offer you more than 20 different indicators for trading. Indicators are mathematic formulas for predicting the price movement in the future. Use moving average, RSI, Bollinger Bands, and more than 20 other indicators on the platform. The most traded assets like EUR/USD got the highest asset profit.

Finmax Guide – Read our In-Depth Finmax Review is not a brokerage or advisory service. We do not recommend or advise that investors buy or sell through any financial instrument like commodities, securities or stocks. Yes, Finmax offers customer support over the telephone. It majorly owes this standing to its unbelievable platform and wide selection of resources plus tools so that you may put money into capital markets. If you remain skeptical, it is possible to start a eToro demo account and assess the credibility of the platform for yourself. Finmax specifies on its official site that you are able to trade real time stocks in a demo account.

finmax broker

Finmax also features excellent trading conditions that are readily available to all and not just an elite class of institutional clients. The tight spreads and quick executions are a great advantage for all traders. The technology embraced by Finmax is of the maximum caliber, making sure that it’s fast, dependable, and effective. Finmax is a foreign exchange broker with its headquarters in Bulgaria and provides a variety of tools for trading. Since its start in 2008 they have emerged as a leading player in the industry of online trading.

Does Finmax offer Live Chat customer support?

This broker supports mobile trading, and no additional apps are needed. Traders can simply open trading platform in their internet browser. Still, an app is more convenient to use as it is usually developed with smartphones in mind and not desktop computers. Bronze account is the cheapest account that requires only $250 deposit.

  • A major source of complaints against binary option brokers stems from traders not understand the terms and conditions in withdrawing the money after receiving a bonus.
  • Finmax looks like a reliable trading platform for beginners and advanced traders.
  • With a digital Finmaxdemo account, you are able to experiment at all, to whatever length you wish.
  • It’s an easy to use browser based software used by several online trading platforms.

Otherwise known as call/put options, the call is when the price goes above and put is when the price goes below the
cost of the asset at the time of placing the trade. Please note that while you can trade at FINMAX from many countries around the globe, USA traders are not accepted at this time. 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 0395 AA Vv0103.

FINMAX Deposits & Withdrawals

The catch however is that you’ll have to forfeit the bonus amount plus any profits earned trading with the bonus. The Finmax platform is powered by the TradeSmarter software. It’s an easy to use browser based software used by several online trading platforms.

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You will not have to bear any hidden costs or be a victim to any scams. However, due to regulations Finmax cannot accept clients from Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America. If you want to further safeguard your account, you can enable Two-Step Verification also. It requires an SMS affirmation for you to get your accounts. Other deposit techniques you can embrace are Neteller, Skrill, Rapid Transfer, and iDeal. Besides online banking, wire transfer is an opportunity as well, even though it takes about 4-7 days.

Finmax Brokers License

With a deposit of $25,000, platinum account holders can benefit from several additional features offered to gold account holders
including +4% of return per each trade. This account is more suited to the more serious binary options trader that has a certain
degree of experience in trading. Educational tools including webinars, videos, daily analytics and unlimited trading signals are also
available to those who open a platinum account. The different account types available from Finmax very much depend on the level of investment you are prepared to make.

  • It is to establish a feeling of security and confidence in you until you decide to invest your own money.
  • CFD trading is available with Finmax and this is an excellent addition because it seems that the masses are demanding this type of trading.
  • It is crucial that you learn all you can about any broker until you trust them with your money.
  • It majorly owes this standing to its unbelievable platform and wide selection of resources plus tools so that you may put money into capital markets.

Traders can develop their own chartbooks (templates) and if you got some program skills it is possible to develop automatic programs. Each indicator is customizable and you can implement and download new ones. Beginners and advanced traders should feel comfortable with this trading software because it offers all the functions you need for trading. It supports over 10,000+ registered users and over 15 years of experience on its record.






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