FinmaxFX broker overview

Who is FinmaxFX?

FinmaxFX is a young and progressive broker that provides its clients with high-quality service and favorable conditions for trading on the Forex market and contracts for difference. The FinmaxFX brand is owned by Max Capital Ltd, which is registered in the Seychelles and is subject to the laws of this island state. To increase customer confidence, the broker enlisted the support of the trustworthy FSA regulator in the Seychelles. Since the broker's activities are aimed at traders from the European Union and post-Soviet countries, it is quite natural that it relies on the MiFID Directive and other legal acts in force in the Euro Area. The fact that the broker became one of the main initiators of the creation of the NAFD also indicates the seriousness of the broker's intentions. The company also received FinmaxFX regulation VFSC.

FinmaxFX was created by practicing traders who experienced all the difficulties of finding a high-quality and reliable broker who would be safe to entrust their own funds to. For this reason, FinmaxFX places special emphasis on the safety of client funds. When working with a broker, you can be sure of the following:

• all funds immediately after making a deposit are stored in the most reliable banks in Europe separately from the company's funds;
• all clients must pass the verification procedure, otherwise the profit withdrawal procedure will not be available for them. This is done in order to prevent access to the deposit by third parties;
• the client account is protected using three-level security, so that the password is known only to clients, which means that the broker will not be able to dispose of their funds at its discretion.
• the minimum deposit amount is 250$

How do I become a FinmaxFX client?

To get access to all the features that FinmaxFX offers, you just need to complete a short registration procedure on the broker's website, which consists of filling out a simple application form. You must provide your full name, contact phone number, and e-mail address. It is important to specify only real data that the trader can document, so that in the future there will be no problems with the withdrawal of profits. To complete registration, you need to specify the date of birth, actual and legal address, citizenship and currency in which the trader wants to open an account. It is important to make the choice of currency consciously, since it is impossible to change this parameter in the future. When the trader answers a number of additional questions, an email with a link will be sent to the specified e-mail address, clicking on which he will activate his own account.

The broker recommends verifying the account immediately after registration, which will significantly reduce the time for withdrawing profits in the future. For verification, it is enough to upload scanned copies of documents confirming the trader's identity (passport) and place of actual residence (utility bill) in the corresponding section of your personal account.

FinmaxFX trading conditions

Traders with different degrees of professionalism and with different starting capital will be able to choose interesting trading conditions from the broker. All types of accounts are subject to the following conditions:

• the account is opened in EUR, USD and RUB;
• 1 lot = 100,000;
• spreads from 3 PP;
• leverage is available from 1: 50 to 1: 300;
• new customers receive a 25% bonus on their first deposit;
• each account is assigned an account manager;
• qualified consultations are provided by the multilingual technical support service.

Beginners who have just started their acquaintance with the peculiarities of working in the Forex market can try their hand at a demo account. Trading on it is conducted on real quotes, but there is no need to risk personal money.

To get an initial experience in earning real money on the Forex market, there is no need to immediately invest huge amounts of money. after getting practical experience, you can open a Micro account on a demo account. To do this, you need to top up your account with only 250 USD. Only after you get full confidence in your own abilities, you can move to a higher level and open a Standart account, which involves depositing $2000 to the balance. Professional traders who want to experience all the benefits of exclusive service can open a Premium account. to do this, you need to have a capital of at least $25,000.

FinmaxFX trading terminal

Access to the market for all FinmaxFX clients is provided through the MetaTrader 5 trading terminal. This is the most well-known, safe, multi-functional and convenient platform today. It is available for download on the company's website. Clients have not only a desktop version, but also a mobile app for smartphones and tablets, which allows them to always be on Forex online. For those who do not want to overload their computer devices with additional software and for traders traveling around the world, a web version of the platform is available, which is downloaded directly in the browser window and allows you to trade from any computer on the planet connected to the Internet.

MT5 is a powerful platform that trades Forex currencies, stocks, stock indexes, commodities, and popular cryptocurrencies. In this terminal, Forex charts can be supplemented with useful technical and analytical tools that generally facilitate the trading process and automate it as much as possible.

Let's list the main advantages of working with MT5:

• the terminal is available for trading more than half a thousand basic assets;
• it can use both built-in tools and third-party development;
• it is possible to create automatic signals;
• the terminal is open around the clock;
• you can trade using automated programs;
• through MT5, you can directly contact the technical support service 24/7 not only in real trading, but also on demo accounts.

Training and Analytics

All registered users of the FinmaxFX website get extended access to the broker's training materials. It provides complete material, after studying which the trader can safely open trades and develop their own strategy. Clients have the following sources of knowledge at their disposal:

• full glossary with all the necessary trading terminology and definitions;
• a large video library that contains courses on trading in the currency exchange market, on the principles of market analysis, as well as special manuals on working with the trading platform;
• free webinars, during which you can learn a lot of useful information from the company's analysts and experienced investors in an interactive mode. The broker's website has a calendar of webinars, and you can sign up for any of the classes you are interested in using the Manager's account. Thanks to this innovative method of remote learning about FinmaxFX reviews on thematic forums and social networks contain a huge amount of gratitude and praise;
• electronic literature about online trading.

To facilitate market forecasting, FinmaxFX offers its clients a wide range of analytical tools:

• current economic and financial news;
• weekly technical analysis;
• market reviews;
• proven and effective strategies;
• tips from experienced participants in the trading process;
• calendar of economic events.

Deposit / withdrawal of funds

FinmaxFX clients can add funds to their accounts without any fees using a huge number of methods, including Bank cards, transfers, and electronic services such as Qiwi, Skrill, Neteller, Webmoney, etc. Bank transfers are credited to the account within three business days, while the rest of the methods are credited instantly.

You can withdraw profit from your account using the same method that you used to top it up. This procedure is only available for verified accounts. The money will be credited to the account no more than 5 days after submitting the withdrawal request to the financial service. For VIP-level clients, this time can be reduced to 2 business days.