FINMAX Review (Platform Analysis)

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FINMAX Review (Platform Analysis)

FINMAX is a binary options broker that boasts of simplifying the process of trading and making profits to provide a successful trading experience. The broker promises 100% transparency in their transactions, where each trader is in full control of their account. They are popular, because they offer more than 70 assets while minimizing risk and maximizing on profits.

The company is located at 14 Tsar Osrobaditel blvd. Sofia 1000, Bulgana. For inquiries, you can reach them on email address [email protected]

FINMAX Review

The popularity of the Binary Options broker has continued to grow fast and wide. This growth comes with the mushrooming of both legit and fraudulent brokers. As such, before investing in a given broker, you need to verify that it is reliable and it best suits your needs. On that account this article will review FINMAX binary option, to highlight its features and why it has proven to be a legit broker.

Education

To start, the broker is well known for its adequate educational materials on matters concerning binary trading. The company offers e-books, articles, analytical notes, videos and Webinars of high quality that educate you on trading strategies among other issues. As such, if you are a beginner in trading, you can easily learn the does and don’ts of the industry and start your trading career.

Instruments

To be a successful trader, you have to be informed about the state of economies of different nations as well as other trading news. FINMAX has made your work easier by providing, real-time trading news, daily analytics and even advanced trading charts. Therefore, even the gurus remain informed of when to make a trading move according to the economic news. With this feature, the broker has proved to be rooted to give the best trading experience for its client’s rather than just making profits.

Competing Brokers

Here are some of the competing binary options brokers:

Social Trading

FINMAX offers a new option known as social radar. With social radar, you can choose a professional trader and follow their trading strategies through their website. The company guarantees you a customized interaction between you and your professional trader of choice. In addition, you have full control of your investments and you can set the limits. The broker is designed for both the gurus and the beginners. With the social trading feature, you can easily learn how to trade.

CFD Trading

The company prides itself with their CFD trading feature. This feature allows you to trade without having physical assets and by only predicting the fluctuating value of assets. The broker allows trade in currency pairs, shares, indices and commodities. With this tool, you have the rare opportunity of joining the financial market without having real capital and increased leverage for profits. In addition, unlike other brokers, FINMAX does not charge a commission for using CFD Trading tools. Therefore, this proves that the broker is not only interested in having your money but also in making sure you benefit from trading.

Account types

The broker offers different types of account which have different features customized for your needs. The accounts include bronze, silver, Gold, Platinum and VIP. The company has highlighted the different features of the accounts on their website. As such clients are well informed of the different accounts and the best to invest in.

Regulation and Safety

To get a reliable broker, it is very important to check on its regulations and safety features. FINMAX is regulated by Binary option and forex by IFMRRC. This proves that the broker is not fraudulent.

Moreover, the company claims to invest in the latest security feature for computer storage, paper files and other records. As such, any information used to join the broker remains safe from unauthorized users and loss as long as you are their customer. The website is secured by SSL, Comodo Secure and VeriSign Trusted.

Mobile Trading

FINMAX has a mobile app for trading which is supported on Android, Windows Mobile and iOS. Therefore trading is brought closer to your home and you can trade easily wherever you are.

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Payments

First and foremost, transactions are made through either bank accounts, electronic payment or credit cards. The maximum amount allowed for deposits is $5000 and the minimum is $5. You, therefore do need a lot of money to start trading.

Other than that, all trading transactions are executed within the least time possible and withdrawals are processed within 48hours.

Support

FINMAX has built a good reputation in providing Personal Managers as part of their support team. Similarly, they claim to have a support team that works 24/7 to ensure all your inquiries and needs are attended to fast and efficiently.

Conclusion

First, note that this review is based on our personal extensive research as well as the testimonials of the other users. Based on the above highlighted features as well as their different awards won, FINMAX has proved to be a reliable binary trading option for both beginners and gurus.

As I conclude, note that trading in binary options is always a risk. Therefore, be sure to trade only what you can afford to lose. All the best in your trading experience

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FiNMAX Review

Overview

The FiNMAX binary options broker is a team of finance world professionals, created specially to provide the best conditions for their clients.

Details

Broker FiNMAX
Website URL www.finmax.com
Founded 2020
Headquarters 4 Tsar Osvoboditel blvd. Sofia 1000, Bulgaria
Support Number +44 (203) 868-57-58 (United Kingdom – London), +1 (437) 889-32-09 (Canada – Toronto), +61 (285) 994-406 (Australia – Sydney)
Support Types Phone, Skype, Live Chat, Email, Feedback Form
Languages Russian, English, German, Italian, Polish, French, Spanish, Arabic
Trading Platform TradeSmarter
Minimum 1st Deposit $100
Minimum Trade Amount $5
Maximum Trade Amount $5 000
Bonus 2 types of bonuses
Payout Up to 90%
Free Demo Account Open Demo
Regulated
Regulation FMRRC (No. FRS RU 0395 AA V0126)
Account Types Demo, Bronze, Silver, Gold, Platinum VIP
Deposit Methods Visa/Mastercard, bank transfer, Qiwi, Yandex.Money, Webmoney, Postepay, Skrill, Neteller, Webmoney, etc.
Withdrawal Methods Visa/Mastercard, bank transfer, Qiwi, Skrill, Neteller, Webmoney, Epayments, etc.
Number of Assets 80+
Expiry Times 30sec, 60sec, 2minutes, 5minutes up to six months!
Types of Assets Indices, Currencies, Commodities, Stocks, Cryptocurrency (Bitcoin, Ethereum, Litecoin, Ripple)
Option Types High/Low, Above/Below, Short Term, Long term
Trading Currency USD, EUR, RUB
US Traders Allowed
Mobile Trading
Tablet Trading
Overall Score 9.5/10

Additional Information

  • 4 indicators are implemented to the platform

Full Review

The company staff is a team of professional traders and trade analysts, which studied binary trading market aspects pretty well and implemented their entire experience into their own platform. FiNMAX offers an unique trading platform, giving all trades the main chance. It perfectly works in Internet browsers, making trading on any devices as comfortable as possible, no matter is it a tablet or a PC. The platform is vey adjustable, with interactive interface, the trade process is convenient and simple, which is crucial for users.

Terms of trade with FiNMAX

As an efficient, advanced and vibrant broker company FiNMAX offers to its customers favorable terms, many assets (among which is cryptocurrency trading). Today’s trading capacities are available for market novices, too, which certainly can’t go wrong with it: the company has the proper regulation, offers free training trade, trade signals, risk free transactions, «social trading». For novices in binaries the free quality FiNMAX webinars prove useful, the binaries trading will become a real treat as they were worked out by professional market players. Worth taking part are free contests-tournaments on demo-accounts – they let you win fair amount of money, which are available for withdrawal.

Professional market players choose FiNMAX for trading. The official website of the company is one of the reasons, why there is a great number of positive comments about the company. The binaries with FiNMAX – it’s modern, vibrant, sophisticated and needless to say gainful. The company terminal is widely regarded to be the one of the most convenient and robust trading tools in the market. A lot of useful material, gainful bonuses available on the website finmax.com will make your trading much more efficient. If the safe cryptocurrency trading is possible? Yes, – with FiNMAX! The feedback from real traders make it clear that the company is one of the best binary brokers in the market, after all. Trade digital coins with the strong company (on the website finmax.com the major cryptocurrencies are available: Bitcoin, Ethereum, Litecoin and Ripple), get high income on their exchange fluctuations (how to make quite a profit from cryptocurrency? learn here).

One of the essential functions of FiNMAX trading platform is the social trading option displaying the transactions of other traders online. It lets you trade binaries replicating transactions of the more experienced users. Another option, «Wallet», lets you both check your trading account and refill it. FiNMAX offers a wide range of assets for even more profitable trading. To see the most promising tools through the prism of payouts and volatility, go to the «Top Picks» tab (the best choice). In the tab «Assets manager» all assets available on the platform are listed. You can choose different goods, currencies, indices, shares or pairs. Apart from this in the search box you can find any asset you need.

FiNMAX platform

FiNMAX is widely regarded as one of the most technological market brokers, it takes special care of the service provided for its customer. One of the benchmarks of its trading platform is the robust terminal with a great number of options making trading more effective. Tradesmaster terminal is one of the most advanced market solutions making the trade comfortable. Traders point its stylish design in dark shades, system ease.

Here everything is available, what a trader may need: options for training trade, expanded market analysis and strategy tests (widgets, indicators, assets range, expiration types and so on), trade history studies. Here the broker signals, option «Social radar». Please note that there are just 4 indicators available, which may be added to the chart, but according to the declarations of developers the progress is being made and other oscillators are to be added very soon.

FiNMAX terminal advantages:

  • Safety, stability, security,
  • Vailability of training account,
  • Comfortable design, motivating for effective trading,
  • Convenient chart, its design and scale changeability, possibility to insert indicators etc. for the market analysis,
  • Impressive range of various assets (currency pairs, indices, shares, cryptocurrency (Bitcoin), quick search option for assets),
  • Expiration choice (from 30 sec to half a year),
  • Availability of training and analytical materials.

Tradesmaster is one of the ground-braking developments of trading platforms in the market considering the wishes of traders concerning the comfortable and safe trading process. It operates steadily, is a true quality seal, convenient both for market novices and professional investors.

You can trade over 75 assets with FiNMAX, such as stocks, currency pairs, commodities and indexes. The platform of this broker is intuitive and convenient. The great thing about it is that you may set basic technical indicators, such as Moving Average or RSI.

Registration and account types:

Registering with FiNMAX is not difficult. You just have to fill in the form once you click on the signup window. During the process, you can choose the currency and the account type – demo or live. FiNMAX requires an ID verification procedure, which is typical for any broker. As for the account types, they are meant to fit any budget. There are 4 account types to choose from:

  • Bronze account – with a deposit requirement of at least $250 and a potential bonus of 25% of the first deposit. The account includes access to all of the platform’s features, an economic calendar, free first-time withdrawal and an account manager.
  • Silver account – minimum deposit of $1000 and up to 50% bonus. The Silver account comes with additional features like video lessons, live webinars, trading signals for one month, and more.
  • Gold account – the minimum deposit is $5000 and the bonus can reach 75%. With the Gold account, you may additionally enjoy unlimited trading signals, personal account manager, daily analytics, technical and fundamental analysis of the assets, and market reviews.
  • Platinum VIP account – you should better contact the FiNMAX team if you want to open the VIP account. The bonus with it can reach 100%. Obviously, this account type has the full palette of benefits – besides the previously mentioned features, VIP clients will get +4% return per each trade and two senior analysts.

FiNMAX broker quotations

FiNMAX has proven safe and reliable platform, ranking among the TOP-5 ratings of binaries brokers. However, there are a lot of references of traders in the Internet, about the company to «tamper» with the terminal data, cheat its customers and take their profit. Due to this some company users call FiNMAX a lottery scam and a scam artist. And yet, who delivers quotations for the platform and to what extend such negative is feasible towards the broker? Let’s find out in this part of the review.

There is indicated on the official website of the broker that the assets prices supplier is the world known company Leverate. It has a great number of prestigious awards and collaborates with reliable broker companies only, providing them with assets quotations on the regular basis. These data are characterized by accuracy, the best price indices for various tools (currency pairs, cryptocurrencies etc.), supporting the maximal profit from trading.

On the activity of the international brand Leverate a regulator keeps the eye (license CySEC №160/11), along with brokers focused on collaboration with reliable brands, only. FiNMAX platform is well known for the absence of price leaps, requotings, for the precise and rapid order processing due to quick connection to the company servers.

FiNMAX demo account

There is also the free demo account available on the platform of one of the major market brokers. This training account is offered for any user, who decided to study the capacities of FiNMAX terminal. Due to virtual trading you can easily test the operation of the broker platform: check the quality of the terminal and materials provided, availability of useful options, technical support team reaction. Another advantage of such solution is no need to risk your own money as there are virtual coins offered for transactions (1000 USD). Terminal has no differences with the real account, but the amount of assets available for trading is limited.

The specific character of FiNMAX training account is its limited availability period – 7 days. But it may be prolonged by leaving a request for the technical support. The broker demo account registration happens very quick and easy. After you can study the platform services, analytics, training videos, use «Social radar» and so on. Needless to say you can trade, too, using the virtual capital for transactions. And though you won’t earn the real money here, yet can get the valuable information: what is the principle of platform operation, if it’s difficult to trade here, how effective is your strategy etc. All this will become a great springboard for traders planning to become professionals with solid income from binaries investments.

FiNMAX mobile application

Following the current market trends the broker offered before to a trader a convenient mobile application for Android. But now it is not available for users. The company develops a new mobile service for trading in CFD market rapidly gaining traction among investors today. The innovative solution will be available soon for downloading and trading, with that it’s not yet clear, which operating systems of smartphones will be supported here.

There are many advantages in mobile applications and the number one is the possibility to make it convenient and smooth. Now you don’t need to keep sitting before the computer, it suffice to download the program to your dear smartphone, quick and easy, sign in here – and voila, you will always be «in touch» with the market, being able to trade, manage the deposit, test strategies on demo account, withdraw money etc. As for using the FiNMAX new mobile application options, we recommend you to keep the eye on the information updates in this review.

FiNMAX bonuses

Any trader of the company may get 2 types of bonuses:

1) Account charge. The size of this bonus may reach 100%. This is money available on the account for trading. This bonus shall be worked off further. The conditions of working off shall be specified by account managers.

2) Risk free transaction. You can effect one (the first) transaction with no risk to lose your money. The amount of such transaction shall not exceed 1000 USD. The point is, if your first binary option closed in the red, you will simply get your money reimbursed. So you can enter your first transaction with the full deposit (up to 1000 USD) and no risk.

Deposit and withdrawal

The trading account recharge function on FinMax.com service is fully automated and happens instantly. The total transfer time depends on a payment system chosen. The minimal deposit is 100 USD. The available payments systems are:

  • Visa, MasterCard;
  • Bank transfers;
  • QIWI;
  • Yandex Money;
  • Webmoney.

The withdrawal from trading account is possible only after the verification is done. No time, neither the sum of withdrawal are limited. Crucially, funds can be withdrawn only to that same payment which were chosen for deposit. However traders often point in their feedback that the broker process transaction orders slowly and doesn’t let the money to be withdrawn that FiNMAX played fast and loose with them and took their funds. So users often conclude that FiNMAX is a confidence game and a scam. But more often such comments arise because the platform promises the withdrawal within 48 hours. Please keep in mind that these withdrawal terms are offered for VIP-customers, the rest trading participants can get the money within days.

You should be careful studying negative references about FiNMAX: all too often they are the comments paid by competitors, as when the author is asked to prove he is a real customer of the platform, he disappears at once. There is the positive feedback from traders about the platform, too, which are much more by the way: that it lets withdrawing capital timely and with no problems, and the technical support reacts on customers’ messages quickly. All this proves that the broker does care of providing the quality service to its customers. In order to make sure that the intentions of the broker are fair, take a note of the duration of your first withdrawal, especially if the sum will be rather big – all the bucket shops usually poke sticks into spokes for users at once in such cases.

Complaints against FiNMAX

The references of FiNMAX we found, may be called somewhat controversial, but certainly not negative. On the one hand, traders mention this broker honoring all his commitments and keeping its quality of service on quite a high level. However the other feedback about FiNMAX, left at the same time, points the age of the platform, which is way too tender, to say something certain about it.

If we find complaints about FiNMAX, we will post it on social media. Follow us to be well informed:

FiNMAX broker regulator

The activity of the company is totally clear, being regulated by FMRRC (No. FRS RU 0395 AA V0126) – certificate is issued by Financial Market Relations Regulation Center. Please note that such a document by no means all of the brokers have. The regulator which issued the license, controls among others the performance of a special fund intended for the loss compensation for the users of the broker with its license. So FMRRC certificate minimizes the risks for those engaged in trading.

FiNMAX user agreement

«User agreement» is a document, which helps you to find out how the platform operates, how the parties interact there, what are the broker duties, what are the duties of a trader working with it. You shall study this document before you start your collaboration with the platform. Please also keep in mind that if you didn’t read it, it doesn’t mean you don’t agree with its provisions. On the contrary, starting your work with the broker you automatically agree with its clauses. The broker often provides in the «User agreement» the information, which may generate a lot of questions by users, complicating the collaboration with it. Such clauses are supposed to be known, so in case of some miscommunications be aware of the broker reaction on the issue.

For instance, in the paragraph «No warranties» of FiNMAX «User agreement» the broker disclaims all warranties of the service provided to a trader to be full. Generally all the risks related to the platform use fall on the user, which means the system stable operation may be brought into question. Besides, the company doesn’t guarantee that all platform «errors» will be fixed, and that the materials on the website and in the terminal are accurate and true. Needless to say, the broker is working on its service, and yet these paragraphs mean that trading here you are left to face your problems alone.

Apart from this, if a user is suspected of the fraud and illegal activity etc., then his account may be blocked and all money he deposited or traded will be disposed by the company, since the broker shall not pay it back to the owner.

Is FiNMAX a scam?

In fact, FiNMAX broker operates in binaries market since the end of the year 2020, meaning to say, not that long ago. But it’s all relative in our life. Speak by references of other traders on various websites, this broker wins confidence. The binaries became much more available and gainful with FiNMAX.

The factor, crucial enough by picking this broker, is its advanced trading platform with further capabilities for functional and comfortable trading. It says about the commitment of the company, which takes it crucial, to offer for its user proven solutions, only.

The fact that the broker offers to its customer various bonuses, is not only the great virtue of the company, but its bulge, too. In this view we also can say the FiNMAX wins confidence. Indeed, a bonus is a chance for many traders to expand the trading capacities significantly. Will the broker meaning to deceive its customers, give them the chance to gain? Rather.

Summary

FiNMAX trading binaries broker is a atypical example to follow for sound jealousy of any start ups. The broker not merely managed to win traders’ confidence (the feedback about FiNMAX speak for it), but also within a short space of time designed a trading point, which is operating really smoothly. With such rate of growth it confidently aspires to top positions, keeping the chosen approach.

Binaries trading with FiNMAX is not just a trade. It’s a choice of those aiming to rise to eminence in trading. Free, but quality webinars of the company will let you check out the market laws and its performance rules in comfortable, friendly atmosphere. Training materials here are being prepared by FiNMAX professional players and analysts. The withdrawal (pretty much instant), free demo trading, replication service for transactions of effective traders, free trading signals, risk-free transactions, option of individual strategy choice in view of your trading preferences and the time presence for the involvement in the market – all this attracts users to the platform. How to achieve the maximum in trading? Choosing a right platform to deal with, that’s right. FiNMAX (see the feedback from the true traders below) is a major platform in the services market, which will certainly make you happy with trading, which is advanced and comfortable at the same time.

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