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Main rules of the FinMax platform and its benefits
Regulated by
IFMRRC
IFMRRC
High yields of up to 90%
Min investment of 5$
$1,000 demo account
10 min read
Content on this page is intended for information and educational purposes only and should not be considered investment advice or investment recommendation.
Binary options are a way for everyone to get excellent profit in just 1 minute. You don't have to be a professional economist or an analyst to do it. This financial instrument is extremely simple, and thanks to this fact it gained huge popularity. Binary trading does not force you to buy or sell trading assets. All you need to do is to specify how the price of the asset will change over the specified time period. And if your forecast is correct, the profit is yours. There are many brokers allowing individual investors to trade binary options and contracts for difference. This review will tell you more about the FinMax broker and its trading platform.
About FinMax
About FinMax
Brokerage company FinMax was registered in Bulgaria in 2015 and today provides online trading services in both the Forex and binary options market. This intermediary managed to make a colossal leap forward in its development only in a few years and gain the trust of millions of traders around the world.
The broker has 75+ binary options variants and 1000 CFD. Options expiration time is from 30 seconds to 6 months. You can trade stocks, commodities, indices, and currency pairs. Recently, the broker added a new trading instrument — binary options on digital coins.
High liquidity, a large selection of financial assets and modern technologies integrated into the platform are main reasons why traders choose this particular company for cooperation and trading on Forex.
The broker has 75+ binary options variants and 1000 CFD. Options expiration time is from 30 seconds to 6 months. You can trade stocks, commodities, indices, and currency pairs. Recently, the broker added a new trading instrument — binary options on digital coins.
High liquidity, a large selection of financial assets and modern technologies integrated into the platform are main reasons why traders choose this particular company for cooperation and trading on Forex.
FinMax has only one certificate issued by the International Financial Markets Regulation Center (IFMRRC). This regulator monitors the activities of brokers and dealing centers.
Trading conditions
Trading conditions
The company currently provides access to 75 assets, including currency pairs, commodities, major stocks and indices. The number of assets is constantly increasing.
Currently, you can work with two types of options:
- Classic High/Low optionsClassic High/Low options - these options are based on the forecast of a price rise or fall by the time of expiration. The duration of the contract can be 30 seconds, a minute, 5 minutes, and even several months.
- Above BelowThe Above Below options imply work with a specific price chart. The trader's task is to determine the price level (higher or lower) against the indicators set by the broker.
Other FinMax trading nuances to note:
- A modern platform with a convenient and simple interface;
- The minimum initial deposit is $ 250 and the minimum investment amount is 5 USD;
- A unique and effective training system based on webinars;
- Demo account for free testing of your own knowledge and developed trading strategies;
- Accurate signals from the company on the platform and in the mobile application;
- Fast and guaranteed withdrawal of profits;
- Personal manager and analyst;
- Daily market reviews, fundamental and technical analysis instruments, economic calendar and other useful analytical tools;
- FinMax bonus system and affiliate programs that provide additional passive income.
- High profitability level – for some assets, the profit can reach up to 90%.
Registration
Registration
To become a client of the platform, you need to register on the official site. To do this, you need to fill out a special form on the site, consisting of the following fields:
After that, you need to go reconfirm your email by following the link from the letter sent to your mailbox.
- Name and last name;
- Phone and e-mail;
- Password;
- The choice of account currency — can be opened in US dollars, rubles, euros, as well as in bitcoins. Note that you will not be able to change type of currency in the future.
- Account type — it is recommended to start with a demo account.
After that, you need to go reconfirm your email by following the link from the letter sent to your mailbox.
FinMax verifies its clients already at the registration stage, and not when a trader sends the first withdrawal request, as many companies practice.
Account types
The broker offers 5 differentiated trading accounts. If you are a beginner, start with a minimum investment and get the opportunity to use the below-listed conditions to develop and gain experience. Professional traders are offered privileges in return for bigger top-ups of their account.
FinMax demo account
FinMax demo account
A training account is a perfect chance to structure theoretical knowledge in your head and test your skills. All quotes on a demo account match the real ones, but there is no need to replenish the account with real money. All financial transactions on a demo account are settled with virtual currency. With the help of a training account, you can practice your trading skills and check the effectiveness of the developed strategy.
FinMax demo account terminal has the same features as the platform for traders working with real deposits. It means that when switching from a demo account to a real one, a person will already know all the basics.
FinMax demo account terminal has the same features as the platform for traders working with real deposits. It means that when switching from a demo account to a real one, a person will already know all the basics.
Trading platform
Trading platform
Effective trading is possible only on a modern trading platform. The broker provides its clients with the best technological solutions, one of which is FinMax MetaTrader 5.
This platform is known for its efficiency and a great set of features — transactions are carried out quickly, money is withdrawn without problems. At the same time, even a beginner will quickly learn how to customize the platform.
The MT5 terminal is offered in several versions: for stationary and mobile devices and for working in web mode, which does not require downloading and installing software. It is enough to create a personal account and start trading.
This platform is known for its efficiency and a great set of features — transactions are carried out quickly, money is withdrawn without problems. At the same time, even a beginner will quickly learn how to customize the platform.
The MT5 terminal is offered in several versions: for stationary and mobile devices and for working in web mode, which does not require downloading and installing software. It is enough to create a personal account and start trading.
The algorithm of trading is very simple:
- It is compatible with any operating systems, both on a computer and on a smartphone or tablet;
- It has a good selection of tools for analyzing the market situation;
- Access to a large number of assets is opened for work;
- Work in the terminal can be automated through the use of advisors and robots;
- Signals can be generated automatically at the site.
Social Radar from FinMax
Social trading is cooperation between traders and investors, allowing its participants to use each other's knowledge and skills. FinMax online broker offers Social Radar - a unique service for monitoring the work of the most successful traders and copying their transactions to a personal trading account. You can activate it directly from the trading platform.
This FinMax app is available to every client of the company. To do this, you just need to enter the application and select up to four traders to track. The site offers you a list of the most successful traders for the last 30 days.
This FinMax app is available to every client of the company. To do this, you just need to enter the application and select up to four traders to track. The site offers you a list of the most successful traders for the last 30 days.
The Social Radar application window displays the progress of the top players in descending order by average daily profitability. When you click the list position, you will get information with the name of the trader, the average amount of profit per day and the percentage of profitable trades.
You should remember that Social Radar is a free service that does not guarantee any result. It means that you will not be able to bring the managing trader to any responsibility.
You should remember that Social Radar is a free service that does not guarantee any result. It means that you will not be able to bring the managing trader to any responsibility.
Training with FinMax
Novice traders spend a lot of time looking for useful training resources on the Internet. FinMax offers a lot of educational materials on its website.
Every registered client gets access to:
Every registered client gets access to:
- Glossary of trading terms;
- Video courses with lessons devoted to basics of trading on the foreign exchange market, market analysis methods, psychological aspects of trading, etc .;
- Webinars devoted to the most relevant topics for traders. These online seminars are held by leading analysts and skilled market participants who are willing to share their knowledge. During the webinar, you can not only hear and see information, but also ask questions. The choice of online classes is available on the broker's website in the "Calendar of webinars" section, and registration is carried out through the account manager.
Deposits and withdrawals
Replenishment of the trading account and withdrawal of earned funds is carried out as follows:
To make a deposit, a trader needs to choose a suitable deposit method. There are several ways to do it:
- Bank cards (only cards of Visa and MasterCard payment systems are accepted for payment);
- Bank transfers (from the current account);
- Using electronic wallets Webmoney, Perfect Money, Neteller, Skrill and more.
The commission is not charged when replenishing the account, and the trader receives bonuses depending on the amount of the deposit.
Withdrawal of funds is carried out by prior request. The user does not need to undergo additional verification, since it is done at the registration stage.
When choosing a method of replenishment, the user should take into account that the withdrawal of money will be carried out to the same account or wallet from which the funds were received. FinMax has a fee for money withdrawals and its amount of which depends on the chosen payment system.
Withdrawal of funds is carried out by prior request. The user does not need to undergo additional verification, since it is done at the registration stage.
When choosing a method of replenishment, the user should take into account that the withdrawal of money will be carried out to the same account or wallet from which the funds were received. FinMax has a fee for money withdrawals and its amount of which depends on the chosen payment system.
Сustomer support
There are several channels for getting touch with the broker technical team:
- a feedback form on the company's website;
- an email - support@finmaxbo.com;
- telephone line.
There are several representative offices you can reach by phone:- Russia +7 (499) 7030348
- Bulgaria +359 429 197 14
- Austria + 43 (720) 145 742
- The United Kingdom +44 (204) 577 05 30
The support service works every day, without weekends and holidays. Working hours are from 8 am to 8 pm (GMT+3). At the same time, holders of a VIP account can address all queries to a personal manager around the clock, any day of the week. Most issues are resolved within the same day, in rare cases, you need to wait 1-2 days for a response.
Bonuses and promotions
The broker offers a bonus for any deposit – from 25% to 100% depending on the amount you invest. A bonus is provided for every deposit and be used for trading. Withdrawal conditions depend on your turnover.
The first trade is No risk. You will get the ability to return from 25% to 50% of your deposit, when making the first unprofitable transaction.
The first trade is No risk. You will get the ability to return from 25% to 50% of your deposit, when making the first unprofitable transaction.
FinMax affiliate program
FinMax forex broker invites owners of Internet resources that are dedicated to binary options or trading on financial markets to join its affiliate program. Active traders can also take part in the program if they bring their friends to the company. Traders will receive bonuses for attracting new clients.
The reward is given when a new user goes to the FinMax website, registers and deposits money into the account.
Calculations are carried out according to the two plans:
The reward is given when a new user goes to the FinMax website, registers and deposits money into the account.
Calculations are carried out according to the two plans:
CPA or cost per actionMoney is paid for registration, making a deposit, placing lots. Maximum premium is $10,000 for a new client.
RevShareThe partner receives up to 50% of the broker's profit generated from the activity of the invited trader. Traffic and the amount of your earnings can be controlled through your personal account on the FinMax website.
Wrapping up
- High protection of traders - company managers do not have access to client accounts
- Account verification at the registration stage when replenishing the balance
- Built-in analytics and trading signals
- Professional training system for traders
- Transparency of transaction expiration
- Insufficient regulation
- A demo account is available for 7 days only
- Additional fee for inactive accounts
- High protection of traders - company managers do not have access to client accounts
- Account verification at the registration stage when replenishing the balance
- Built-in analytics and trading signals
- Professional training system for traders
- Transparency of transaction expiration
- Insufficient regulation
- A demo account is available for 7 days only
- Additional fee for inactive accounts
The aim of this FinMax review was to acquaint you with the main benefits and rules of the broker. Very few brokers could achieve the popularity that FinMax managed to gain only during several years. Traders choose this company for a user-friendly platform that is compatible with all devices and very favorable trading conditions. This broker is suitable for traders of various skill levels. There are a lot of positive reviews about the broker on trading forums and reviews. Besides, the company received many awards from independent agencies. It all proves that FinMax is not only approved by traders but also by market experts.
GENERAL RISK WARNING:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
87% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
87% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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