The company services both the Bulgarian and foreign markets and uses one of the best software platforms in the industry. Moreover, Finmax FX’s trading platforms are user-friendly and feature advanced tools, such as charting and technical indicators, and mobile apps for trading on the go. The broker’s customer support team is available 24/5 to assist clients with any inquiries or issues they may have.
Finmax Customer Service: Do They Handle Complaints Well?
Trading can be done 24/5 on the Web or via mobile devices. Silver account holders and up receive dedicated account managers. Gold and Platinum account holders receive unlimited free signals, while Platinum account holders also get a free withdrawal service. Please note that while you can trade at FINMAX from many countries around the globe, USA traders are not accepted at this time. The possibility exists that you could sustain a loss of some or all of your initial trading capital and therefore you should not deposit money that you cannot afford to lose. It also provides an economic calendar that is professional and easy to use, as well as calculators and a currency converter.
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They also appreciate a bevy of more creative perks including the broker’s own FinInvest portfolios, which represent a smart basket of stocks, commodities and other assets. Ultimately, FinmaxFX is a suitable place for both beginners and advanced traders who want a reliable set of tools and perks, backed up by knowledgeable and accessible service. Regardless of whether you are a novice or an experienced trader, Finmax FX offers the necessary resources and tools to help you succeed in the markets.
Test of the support and service for traders
Video content in the educational center looked pretty basic, though I did find some detailed strategy articles. FinmaxFX is an FX and CFD broker that is registered and regulated by the reputable iFMRRC and VFSC. Although a fairly new broker it has positive personal reviews and offers a fair deal that will suit the needs of most traders. Execution-only brokers, which do not involve in personal https://traderoom.info/finmax-overview/ investment advice and give traders complete control over how they trade the markets, usually charge lower commissions. It usually takes up to 48 hours for withdrawals to be processed for all accounts with the exception of VIP members where the processing time is only 5 hours. FinmaxFX strives to make sure that every client is able to fully realize his potential as an investor.
Advanced accounts (Gold and Platinum) give you better features and certain privileges which in our opinion are worth the extra amount you’re required to deposit. At the time of writing, there aren’t any IFMRRC warnings regarding this broker or their parent company. After scouring through different binary options trading forums, social media groups and websites, we didn’t come across any trader complaints. Opening a bronze account will require a minimum deposit of $250.
- Most traders live in these five tabs, as they offer access to the range of indicators and charting tools that are the foundation of many trading strategies.
- For advanced traders, there’s a host of useful features that include daily news updates and weekly webinars among others.
- The FinMax trading platform also comes with built-in functionality for “social trading” called “social radar” on the platform.
- Customer support is maintained in the U.K., Bulgaria, Cyprus, Australia and Canada.
- FinmaxFX offers various research tools in its Analytics center.
Social Trading
However, it is fully adapted to mobile devices which allows you to trade with comfort from any location, wherever you are if your device is connected to the Internet. For a better overview about this broker, we’ve rated different features individually. Currently, Finmax is regulated by the International Financial Market Relations Regulation Center (IFMRRC). This is an independent non-governmental organization whose purpose is to monitor and regulate brokers and dealing centres. Morris Processing Ltd holds the IFMRRC Certificate of Compliance Number TSRF RU 0395 AA Vv0103. Finmax is an international broker for Binary Options, Forex, and CFD since 2015.
My test with real money showed that it is an unreliable company for beginners and successful traders. They got a huge range of account managers and support employees. Each trader gets his own personal binary account manager. You can ask them for a 1 v 1 coaching or trading tutorials. In addition, there are webinars and daily analyses for each customer.
Just change with one click on the platform your account between demo and real. As you see in the upper picture the market only can go in 2 different ways and there is only the possibility to make a loss or a win. Sometimes the profit depends on the asset and the expiry time of the trade.
Their educational materials are designed to cater to both beginners and experienced traders. Finmax FX currently has a 2-star rating on Trustpilot based on 31 customer reviews. Unfortunately, many negative reviews cite poor customer service as a major issue, with customers expressing frustration at the lack of responsiveness and assistance provided by the company.
As mentioned before Finmax offers different account types for traders. There are more than 6 different accounts for Binary Options. It is a good way to improve your profit in trading or get a free and higher bonus for your https://traderoom.info/ account. All in all, I like the account types system because it is unique and better than most other brokers. At Finmax FX broker, traders can trade various financial instruments denominated in different currencies.
This online options broker offers binary options, CFDs and FX. There are over 75 different financial instruments that include stocks, commodities, indices and currency pairs. Other than the features found on the silver account, gold account holders get unlimited access to trading signals, daily analytics, fundamental and technical analysis plus one free withdrawal per month. Withdrawals are processed within 24 hours and you can trade risk free with up to 50% of your deposited amount. Like most other brokers, Finmax offers a deposit bonus to each client. That means if you make a loss, you get it paid back by the broker.
FINMAX allows Indian traders to open accounts and trade. However, FINMAX has no mention of complying with any Indian regulators on its website. Here you can find the Best Forex Trading Platform in India for you. The broker is not regulated by any regulatory body in India, that’s why money safety may be the issue here.
Finmax offers you 24/5 support and service via phone, email, and chat. They speak more than 8 languages and the broker accepts international traders. If you got questions the FAQ (frequently asked questions) or the live chat is the fastest to answer your question.
On the left-hand side you’ll see the list of assets available depending on the class selected and clicking on any makes its chart visible in the main window. After choosing your order type and position details, leverage, and getting the spread, your order appears in the window below. Finmax made a positive impression on us, especially due to their advanced and simple trading platform and the education materials.