They are popular, because they offer more than 70 assets while minimizing risk and maximizing on profits. Innovative and up to date the TradeSmarter trading platform that the company offers is excellent. They state it is meant not only for making profits, but also for getting aesthetic pleasure. Going through all the functions and features that are there makes the platforms feel somewhat intuitive. You can also view TradingView charts with some of the most popular technical indicators on them. The financial news feed is also there, so you can always stay on top of all the market updates.
Underlying assets
Our proprietary rating algorithm takes all of the datapoints to generate the rating. This keeps things fair and removes human bias to ensure that our users can compare brokers easily and find the best ones for their needs. It has over 10,000+ registered users and over 16 years of experience on its own record. They are one of the world’s top trading platforms and also a prominent figure in the Fintech revolution.
What is the minimum deposit required to open an account with FinmaxFX?
You cannot make any real profits there as it uses virtual money. Withdrawals are processed within 24 hours and you can trade risk free with up to 50% of your deposited amount. The Finmax website offers a wide choice of educational material.
Company Information
Depending on your account type, you will be charged a withdrawal fee or not. Another drawback we found with the platform is their limited selection of tradable instruments. 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. You can reach customer service on FINMAX by filling out a web form, sending an email, contacting live chat, calling one of the phone numbers provided, or by sending old-fashioned snail mail. The platform is pretty close to others you may have used in the past.
How to open your real account
The platform is also compatible with mobile devices operating iOS, Windows Mobile, and Android. Honestly im very surprised to see reviews below…I ve been trading https://traderoom.info/ on Finmax’ platform since 2017. And in my opinion it is fertile place to earn some money if you got bravery and some brain.Broker is definitely not a scum.
Unfortunately, you can only trade classical High/Low and Above/Below (another version of High/Low) on the platform. A few more possibilities should be offered at some time later. That is way more than you can expect with any other broker. On the whole, trading features of the platform are excellent. If you like getting bonuses on your investment, Finmax offers you up to 100% bonus on deposits.
This is in the form of e-books, video lessons, webinars, and a forex glossary and can be found under the Education link. It also provides an economic calendar that is professional and easy to use, as well as calculators and a currency converter. Before deciding to join a broker and start trading, a potential trader needs to establish whether a broker like FinmaxFX is safe to trade with. One of the surest benchmarks to measure the safety of a brokerage is to establish which regulating authorities are watchdogs over its actions. Forex trading, or currency or FX trading, involves the currency exchange market where individuals, companies, and financial institutions exchange currencies for one another at floating rates.
The catch however is that you’ll have to forfeit the bonus amount plus any profits earned trading with the bonus. Opening a bronze account will require a minimum deposit of $250. This account gives you access to over 75 different asset types, an account manager and a free first withdrawal.
- The broker scores 1 out of 5 possible stars in our review.
- Besides the discussed demo account, there is also a whole section full of education pages, such as glossary, strategies, webinars, instructional video clips, trading signals, and more.
- It is a frequent misconception that all brokers are exactly the same, but that is not correct.
- The broker goes to great lengths to comprehend what traders need.
If you make mistake of sending withdrawal to another account, you might not be able to withdraw. The gold account is equally good and can serve as profitable account. The minimum deposit is $5000 with full access to all features. https://traderoom.info/finmax-overview/ It have more than 75% assets, +2% of return per each trade and up to 75% bonus. Finmaxbo is a binary option broker that was founded in 2016. It’s a group of professional investors who have experience in CFDs and binary trading.
If you would like to make profits, you must trade with a broker service that aligns with your investment objectives. It’s essential to be prudent and methodical in your Finmax broker selection to protect your hard-earned money. Performing your due diligence and researching the credibility of Finmax, its track record, and reputation is vital. Moreover, ensure the Finmax broker’s offerings, trading tools, fees, and regulation align with your preferences.
They charge prices of varying rates for various services to earn money. Finmax is regulated by Financial Services Authority (FSA). These figures have rules that make sure that trading platforms have steps in place to keep investor’s resources procured. This usually means that Finmax users do not need to be worried about their money since it is segregated and safely stored in banks that are established. SSL encryption simplifies each user’s private information as well. Finmax has over 99 trading tools to support all types of traders.
With Finmax you can bet on rising and falling markets at the same time. The broker offers you the financial products Binary Options and Forex/CFD as mentioned before. Binary Options are easy to understand and much more popular. That is why I focus on this financial product in this section. Is Finmax a scam or a reliable broker for Binary Options and Forex/CFD? – Sometimes it is hard to find a good broker because the best selection of brokers is quite large.
For starters, you have to select the right online trading platform who will consistently be transparent with you. You should look out for 5-star reviews that are posted by temporary accounts (profiles which only posted 1 or 2 reviews on the platform). Also, you should see if the positive reviews share any detailed information about their experience with the firm or not.