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FINMAX Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-12-27 13:45

Abstract：Founded in 2015, FINMAX is allegedly a Bulgaria-based binary options broker that provides its clients with a web-based trading platform, various tradable assets, as well as a choice of five different account types.

FINMAX Review Summary
Founded	2015
Registered Country/Region	Vilnius
Regulation	Unregulated
Market Instruments	CryptoForex currency pairsStocksIndicesCommodities
Demo Account	/
Leverage	/
Spread	/
Trading Platform	Trading View
Min Deposit	/
Customer Support	Phone：+44 (208) 068-53-32
	24/7 service
	Physical Address: 14 Tsar Osvoboditel blvd. Sofia 1000, Bulgaria。
	Email:support@finmaxtradeoption.com

FINMAX Information

　　FINMAX was officially established in 2015 and registered in Vilnius. Currently, FINMAX lacks valid regulations. FINMAX offers five asset classes, including forex currency pairs, stocks, indices, commodities and crypto. It also supports the self-developed trading platform.

Pros and Cons

Pros	Cons
Customer support via email	MT4 and MT5 are not supported
	Lacks valid regulation
	Less information on the main website
	Demo accounts are not available

Is FINMAX Legit?

　　FINMAX is an unregulated brokerage.

What Can I Trade on FINMAX ?

　　FINMAX offers five asset classes, including forex currency pairs, stocks, indices, commodities and crypto.

　　Finmax offers to trade with crypto assets (BTC, LTC, ETH, Ripple) but only CFD's.

Tradable Instruments	Supported
Crypto	✔
Indices	✔
Forex currency pairs	✔
Stocks	✔
Commodities	✔
ETF	❌

Account Types

　　Information about account types is not disclosed on the official website.

　　To open an account, users will need to fill out personal information on this page, including name, password, email, referral Id (optional) and phone number.

　　then press the ‘SIGN UP’ button to complete the account creation process.

FINMAX Fees

　　Accounts that have not traded for a certain period of time will be considered inactive by the company. These dormant accounts will be charged a maintenance fee.

　　If the balance is zero, no fees will be charged.

Trading Platform

　　FINMAX offers traders trading view platform.

Trading Platform	Supported	Available Devices
Trading View	✔	Web,mobile
MT5	❌	/
MT4	❌	/

Deposit & Withdrawal

　　Trading СFD may generate profit, which requires Finmax clients to deposit money on their online accounts. Profits can be withdrawn from the online account.

　　Deposit Policy

　　Deposits will be made via bank transfer, PayPal, Western Union.

　　The Company shall credit the relevant amount to the Customer's account within one business day of the bank account being cleared for the relevant amount.

　　Withdrawal Policy

　　Withdrawal requests can only be made through the personal account on the website and must be confirmed by the Client's nominated manager either verbally or in writing (in case of problems with the service provider).

　　After the confirmation, the withdrawal will be completed within 7-10 business days.