FinmaxFX Review

Overview

FinmaxFX provides to its clients the possibility for trading on Forex market and CFDs.

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Details

Broker FinmaxFX
Website URL www.finmaxfx.com
Founded 2017
Headquarters Suite 3, Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles
Support Number +44 (203) 868-29-13
Support Types Chat, phone (including call-back), email support@finmaxfx.com
Minimum 1st Deposit $100
Leverage 1:50-1:300
Spread from 3 points
Free Demo Account No
Regulation FSA, license number SD007
Account Types Demo, Micro, Standart, Premium
Deposit Methods Bank transfer, credit and debit cards, Skrill, Neteller, Webmoney,
Withdrawal Methods Bank transfer, credit and debit cards, Skrill, Neteller, Webmoney,
Number of Assets 180+
Types of Assets Forex, shares, commodity futures, stock index, metals, energy sources, CFD
Account Currency USD, EUR
US Traders Allowed No
Overall Score 9.8/10

Full Review

FinmaxFX provides to its clients the possibility for trading on Forex market and CFDs. Herewith, the Broker’s range includes not only major currency pairs, but also exotics, more than 180 types of securities, metals, energy sources and stock index.

FinmaxFX describe itself as a client-oriented company; the security of traders’ money comes first. For this reason, the deposits of Broker’s clients are located in European banks with the highest level of reliability. Also, each client has the right to access to the Compensation Fund of the company, if the measures contrary to client’s interests were applied to his account. The Broker’s activity is regulated by FCA, an authoritative European organization.

 

New Client Registration

To start cooperation with the Broker, just go through a simple registration procedure and open a personal account; in order to do that click “Open account” on the main page of the official website in the upper right corner. In the form for quick registration, enter the name, contact details, security question and answer, as well as coming up with a password, which together with e-mail will be used to enter the workspace.

In order to avoid further problems with the quick cash-out of money from the account, it is advisable to go through the verification procedure and give documentary evidence of the provided data. Such actions will additionally protect your account from access by third parties.

 

FinmaxFX: Types of Trading Accounts

FinmaxFX Broker has developed comfortable conditions of cooperation for Traders of different levels of training:

  • for beginners and Traders who want to get acquainted with the platform or test the strategy, a demo account is offered without cash-in. You can try your hand at trading without investment with a leverage of 1:25;
  • for the first experience of real trading at Forex market, as well as for clients with a small start-up capital, a Micro account is offered, where the initial Deposit is only $100, and you can use a leverage of 1:50;
  • for confident Traders Broker provides a Standart account with a starting Deposit of $2,000 and a leverage of 1:100;
  • for professional traders and VIP clients, a Premium account is available with a starting deposit of $25,000, with a leverage of 1:300 and a number of other exclusive services.

The base currency for each account can be US dollar, Euro or Russian ruble. The standard contract size is 1 lot=100,000, and the spread is from 3 points.

The Broker offers 2 types of order execution: instant execution at the time of opening the order and upon the occurrence of certain conditions specified by the Trader. At the same time, the Broker always aims at execution of orders at prices that practically do not differ from the declared ones. The Trader can easily manage orders, changing their parameters even during the work.

 

FinmaxFX: Trading Terminal

All traders know that the effectiveness of trading largely depends on the quality and speed of the trading platform. FinmaxFX Broker offers a really unique and convenient terminal – MetaTrader 4, characterized by high functionality and security. This platform has a number of advantages:

  • trading is possible both on PCs and mobile devices;
  • complete range of working assets;
  • no prohibition on automated trading through robots and expert advisors;
  • set of indicators that integrate seamlessly to help Trader in trading are developed for the platform;
  • the client can create signals by means of the platform functionality;
  • there is a direct connection with the round-the-clock support service from the platform.

Broker’s website provides download of terminal versions for desktop and for mobile devices usage. For those who are not tied to a specific workplace, a web version of the terminal that does not require PC installation is available.

 

Deposit and withdrawals

You can deposit your account instantly with the help of Visa/MasterCard Bank payment and credit cards; you can also do this through the system of electronic payments WebMoney, Qiwi, ePayments, Yandex.Money, Skrill, Neteller. If you want to deposit account by Bank transfer, which is considered to be the safest, please note that this payment will take up to 3 banking days.

Cash-out of money from the account is impossible without going through the verification procedure, which is to provide the Broker with the following documents:

  • copy of identification document;
  • copy of document that would confirm the place of residence of the client, for example, utility bill;
  • if the client plans to use a credit card for depositing and cash-out of money, scan copy of both sides of the card is necessary. CCV-code can be hidden optional.

The entire list of documents required to confirm the identity of the client can be obtained from the support service of FinmaxFX Broker.

Payout period from FinmaxFX account makes in average 5 business days, but for VIP-clients this procedure is only for two days.

 

Complaints against FinmaxFX

If there are complaints about FinmaxFX, we will publish the information on social networks. Subscribe keep abreast of the news.

 

FinmaxFX: Advantages

In addition to a large range of trading tools and a convenient platform, Finmax FX Broker has a number of additional advantages:

  • demo account without cash-in and risks;
  • tight spreads from 3 points;
  • leverage to1:300;
  • negative balance protection;
  • daily online webinars, movie tutorial, e-books;
  • up to 100% bonus to the start deposit;
  • economic calendar, daily market reviews, technical analysis and financial news;
  • qualified support staff, available 24/7 and can be contacted by phone or email;
  • activity of the company is regulated by the authoritative organization;
  • clients’ funds are kept in the accounts of leading European banks.
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