Finmax

Finmax Review 2020.

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Founded in 2015, Finmax is one of the leading binary options brokers nowadays. The broker provides a user-friendly binary options trading platform with over 75 assets available for trading, including stocks, Forex currency pairs, commodities, indexes, and cryptocurrencies. It is also known as one of the three binary options brokers that offer the highest payouts on the market.

Pros

  • A wide range of assets and instruments
  • High payouts
  • A user-friendly trading platform
  • Liberal promotions and bonuses
  • A large selection of account types and payment methods

Cons

  • Offers few trading types (only High/Low and Above/below)
  • US traders are forbidden

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Finmax General Information

Finmax operates under the management of Max Capital Limited. The broker is domiciled in Bulgaria and has representative offices worldwide.

Below is general information about Finmax:

  • Operational office address: 14 Tsar Osvoboditel blvd. Sofia 1000, Bulgaria
  • Support email: support@finmaxbo.com
  • Phone:
    • +357 (22) 008-852 – Cyprus – Nicosia
    • +44 (203) 807-48-41 – United Kingdom – London
    • +1 (437) 889-32-09 – Canada – Toronto
    • +61 (282) 798 619 – Australia
    • + 43 (72) 077-82-33 – Austria

Finmax is licensed by the International Financial Market Relations Regulation Center (IFMRRC), a regulating agency specializing in the financial sector, with the registration number N8423207-1.

Finmax Review 2019.

Is Finmax Reliable?

Finmax is fully compliant with the regulations of iFMRRC. The broker provides a user-friendly and transparent trading environment with many beneficial conditions.

The broker’s website is encrypted using Advanced Encryption Standards 256 Bit – the most advanced security technology today. As a result, customers’ personal information is always kept confidential. In addition, Finmax holds its funds in segregated bank accounts, ensuring 100% security for its clients’ deposits.

In the unlikely event that the broker faces financial difficulties, each of its clients can request compensation of up to $100,000 in cash from iFMRRC.

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Finmax Trading Platform

Finmax Review 2019.

Finmax provides a professional and easy-to-use binary options trading platform, exclusively designed by Tradesmarter – the world’s current leading platform provider. The broker’s leaders are also professional traders; therefore, they understand what traders really need and always aim to optimize the trading platform to fulfill their requirements.

Finmax’s trading platform is compatible with PCs, mobile devices, and browsers. It’s designed with dark colors, enabling traders to observe asset movements without fear of eye strain. Laid on the top of the platform are tradable assets and contract expiry times, with High and Low buttons placed on the right-hand side of the screen – quite convenient for trading.

The middle of the trading platform is where you can track assets’ price movement. The broker supports Line, Area, Candlestick charts and 3 commonly used technical indicators, including Simple Moving Average, Bollinger Bands, and Moving Average Convergence Divergence (MACD). Usable time frames include 1 hour, 2 hours, and 5 hours.

The left-hand side of the trading platform is where tutorial videos are located (the play button), making it easy for new traders to get acquainted with the broker’s trading software. Finmax offers a large selection of contract expiry times (from 30 seconds to 1 year). This makes the broker suitable for all types of traders.

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Finmax Types of Assets

At Finmax, you can access over 75 financial assets and instruments in 6 categories, including:

  • Stocks: There are more than 30 stocks available for trading at Finmax
  • Indices: The broker provides traders with 14 popular indices
  • FX currency pairs: Forex traders can choose from over 25 currency pairs in major, cross, and exotic groups
  • Commodities: Finmax supports 8 commonly traded commodities, including Gold, Silver, Oil, Natural Gas, and others
  • Cryptocurrencies: There are 8+ cryptocurrencies available for trading at Finmax, including Bitcoin, Bitcoin Cash, Ethereum, Ripple, Stellar, Dash, and Cardano.

Finmax is very laborious in updating new assets. In addition, the broker always aims to diversify trading pairs (for example, besides the BTC/USD pair (Bitcoin), traders can trade other pairs like BTC/EUR or DASH/BTC).

Finmax Payouts

“Generous” is the most accurate word to describe Finmax’s offered payouts. The broker is currently one of the three highest-paying binary options brokers on the market. For stocks, the payouts normally range from 70 to 85%, while the average payouts for indexes and cryptocurrencies are 79%. The payouts on Finmax’s currency pairs vary from 65 to 90%, depending on the trading sessions. For commodities, the payouts range from 60 to 80%.

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Finmax Account Types

Finmax offers traders 5 types of real accounts. Below are the details:

Bronze account:

  • Minimum deposit: $/€250
  • Number of tradable assets: more than 75 assets
  • Your benefits:
  • Full access to all features
  • Up to 25% bonus
  • Education courses
  • Account manager
  • Economic calendar
  • Your first withdrawal is free

Silver account:

  • Minimum deposit: $/€1,000
  • Number of tradable assets: more than 75 assets
  • Your benefits:
  • Full access to all features
  • Up to 50% bonus
  • Fast withdrawals (within 48 hours)
  • Risk-free trade up to 25% of your deposit amount
  • Education courses and videos
  • Free webinars
  • 1-month access to trading signals
  • Personal account manager
  • Economic calendar
  • Your first withdrawal is free

Gold account:

  • Minimum deposit: $/€5,000
  • Number of tradable assets: more than 75 assets
  • Your benefits:
  • Full access to all features
  • Up to 75% bonus
  • Fast withdrawals (within 24 hours)
  • +2% of return per trade
  • Risk-free trade up to 50% of your deposit amount
  • Education courses and videos
  • Free webinars
  • Unlimited access to trading signals
  • Personal account manager
  • Economic calendar
  • Daily market analysis and reviews
  • One free withdrawal per month

Platinum account:

  • Minimum deposit: $/€25,000
  • Number of tradable assets: more than 75 assets
  • Your benefits:
  • Full access to all features
  • Up to 100% bonus
  • Fast withdrawals (within 24 hours)
  • +4% of return per trade
  • Risk-free trade up to 50% of your deposit amount
  • Education courses and videos
  • Free webinars
  • Unlimited access to trading signals
  • Personal account manager
  • Economic calendar
  • Daily market analysis and reviews
  • Fee-free withdrawals

VIP account:

  • Minimum deposit: $/€100,000
  • Number of tradable assets: more than 75 assets
  • Your benefits:
  • Full access to all features
  • Up to 100% bonus
  • Fast withdrawals (within 24 hours)
  • +6% of return per trade
  • Risk-free trade up to 50% of your deposit amount
  • Education courses and videos
  • All VIP webinars access
  • Unlimited access to trading signals
  • 24/7 support from a personal account manager and 2 senior analysts
  • Economic calendar
  • Daily market analysis and reviews
  • Fee-free withdrawals

Finmax Review 2019.

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Finmax Deposit and Withdrawal

As Finmax’s client, you can top up your trading account with the following 8 modern payment methods:

  • Visa/MastercardFinmax Review 2020.
  • Bank Transfer
  • Yandex
  • Webmoney
  • QIWI
  • Skrill
  • Neteller

The required minimum deposit at Finmax is $/€250, while the minimum withdrawal is only $/€25. Withdrawals are normally made within 3 days through the method you used to deposit.

Finmax does not charge any fee for deposits. The fee for withdrawals will depend on the type of account you use.

Finmax Customer Service and Help Center

Finmax’s support team is available 24/5 in 8 languages: English, Russian, Arabic, Polish, Italian, German, Spanish, and French. If you are a VIP trader, you will be supported 24/7 by a personal account manager and 2 senior analysts.

You can reach out to the broker’s specialists through Phone, Live Chat, Social Media, or Email.

Finmax Review 2019.

Help Center

Finmax provides an area called FAQ where commonly asked questions of binary options traders are listed. Here, you will likely find answers to almost all of your questions.

To access the FAQ area, click on the FAQ button at the bottom of the Finmax’s website.

Finmax Review 2019.

Conclusion

Finmax is a comprehensive and professional binary options broker. That’s the reason why it has quickly become one of the most famous brokers with a wide customer network around the world. The broker provides a user-friendly trading platform with many favorable conditions, in addition to generous payouts and bonuses. Not many brokers are willing to offer payouts of up to 90% and additional returns for traders.

The biggest disadvantage of Finmax is that it only provides two trading types (High/Low and Above/Below). However, this is no big deal as other superior conditions are enough to form a good trading environment.

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Finmax Review 2020.

 
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