The firm’s website is quite interesting and clearly represents the professionalism of the management. The company has several assets to trade and there are several eye-catching product offering is placed on its website. It has presented several awards and certifications on the website to boost client’s confidence. Traders can also use free demo accounts to practice their strategies. In addition, they haven’t set any limit on the demo account.
There are more than 70 assets, including currency pairs, commodities, stocks and indices, to trade from FINMAX platform with a minimum deposit limit of only $5. Lower deposit limits are working for brokers to get new clients on their platform. Most of these traders turn into long-term clients if they like broker’s services. There is a lot to say about FINMAX trading platform including an instant access to financial markets, no spreads and ability to buy options ranging from 30 seconds to 6 months. Traders can also use various funding methods and they offer guaranteed withdrawal within 48 hours.
Is FINMAX a Scam?
FINMAX is not a certified broker from SEC. Nevertheless, it has obtained a certificate from the International Financial Market Relations Regulation Center (IFMRRC). Although it has a strong trading platform and has introduced the variety of new trading tools, traders are exposed to higher risks using FINMAX trading platform. Using authorized broker platform reduces risks to trader’s deposits in case of the liquidity of broker. In addition, they have no platform to complain about the broker in the case of the scam.
User Friendliness and Platform Features
The firm uses Trade Smarter trading interface for its platform. This platform allows traders to easily access the platform both from web and Android. It also utilizes an advanced Graphical User Interface, which helps in presenting trading information in an easy-to-use dashboard. The overall layout of this platform is impressive with charts, choices of assets, account history and trading parameters.
The company uses advanced charting platform with the extensive range of fundamental and technical analysis of the markets. FINMAX has set different type of accounts for different sort of investors. For instance, they suggest bronze account to beginners who have low trading volume, while they offer the platinum account to advanced traders who have higher trading volume. The customer support team is also available to traders on email and live chat. Its payout rate goes higher up to 90% and traders can trade round the clock during the business days.
New and unregulated brokers like FINMAX usually offer higher bonuses to traders in order to attract them to use their trading platform. Although traders can trade with a minimum deposit of $5, they are not eligible to get additional perks and bonuses until their account reaches $250. They offer the bonus of 25% on the deposit of $250. The bonus rate increases to 50% in the case of a deposit of higher than $1000.
They offer even higher perks to the gold account holder with a minimum deposit of $5000. FINMAX offers 75% bonus to gold account holders and 2% return on all trades. In addition, gold account holder funds will be processed within 24 hours.
Moreover, the company also offers the Platinum account to traders. Along with higher bonuses, the platinum account holder is eligible to get two senior analysts assistance at any time.
Deposits and Withdrawals
The firm accepts various methods to fund the trading account. These methods include debit cards, credit cards, Qiwi Wallet, skrill, and WebMoney. Similarly, they also have safe withdrawal methods. However, the pace of withdrawal is highly dependent on the nature of your trading account. Platinum investors can instantly withdraw their funds to their bank accounts. However, it can take up to 2 to five business days for the bronze account holder to withdraw funds.
FINMAX has strong customer services and their agents are available in Bulgaria, the U.K., Australia, Cyprus, and Canada. Trades can contact customer service support team anytime during business days.
FINMAX has several attractive tools and the firm offers the different type of account to traders considering their trading volume. They have a extremely responsive support team, and really easy to use platform, which makes them a top choice for us.