FinmaxFX Review 2019 – Facts And Details

FinmaxFX Review

FinmaxFX Review

FinmaxFX is one of the preferred Forex brokers today. Despite its young age, the broker is greatly appreciated by traders for providing superior trading conditions.

This article will provide you with the facts and details about FinmaxFX.

FinmaxFX General Information

Founded in 2015 with the headquarter located in Seychelles, FinmaxFX operates under the management of Gatelinas, UAB. This broker is certified by the International Financial Market Relations Regulation Center (IFMRRC) – a non-commercial regulating organization excelling in the Forex sector.

Below is FinmaxFX’s general information:

  • Address: Suite 3, Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles
  • Phone: +44 (208) 089-25-75 – London
  • Email: support@finmaxfx.com

The broker does not support customers from Japan, Canada, and the US.

FinmaxFX

FinmaxFX

FinmaxFX Features

FinmaxFX offers MetaTrader 5 (MT5) – one of the most advanced trading platforms today. This platform can be used on computers, browsers, and mobile devices.

At FinmaxFX, traders can choose from over 400 assets in various classes, including equities, currency pairs, cryptocurrencies, indexes, metals, and energy carriers. There are more than 250 company shares from around the world available for trading.

The broker provides traders with many different types of accounts with lots of attractive promotions. Each account type is suitable with a different level of trader.

FinmaxFX Trading Platform

MT5 is the successor of the legendary trading platform MT4. What makes MT5 more advanced is that it supports futures and stocks. In addition, with this platform, traders can trade on 20 different time frames, including 11 types of minute charts, 7 types of hourly charts, and 3 types of long-term charts (Daily, Weekly, Monthly).

MT5 supports 6 pending order types, including:

  • Buy stop
  • Buy limit
  • Buy stop-limit (2-order-in-one)
  • Sell stop
  • Sell limit
  • Sell stop-limit

There are 38 popular technical analysis tools integrated with the MT5 trading platform. This number in MT4 is only 30.

FinmaxFX Trading Platform

FinmaxFX Trading Platform

FinmaxFX Account Types

At FinmaxFX, there are 5 types of real accounts for traders to choose from:

Micro account

  • Minimum deposit: $/€250
  • Leverage: 1:10 – 1:200
  • Spread: from 3 pips

Mini account

  • Minimum deposit: $/€1,000
  • Leverage: 1:10 – 1:200
  • Spread: from 3 pips

Standard account

  • Minimum deposit: $/€5,000
  • Leverage: 1:10 – 1:200
  • Spread: from 3 pips

Premium account

  • Minimum deposit: $/€25,000
  • Leverage: 1:10 – 1:200
  • Spread: from 3 pips

VIP account

  • Minimum deposit: $/€100,000
  • Leverage: 1:10 – 1:200
  • Spread: from 1 pip

Apart from these, FinmaxFX provides traders with a demo account, which can be used to test trading strategies and Expert Advisors (EAs), or to simply get familiar with the broker’s trading platform.

FinmaxFX Account Types

FinmaxFX Account Types

FinmaxFX Deposit And Withdrawal

To top up your FinmaxFX trading account, you can choose from the following 8 payment methods:

  • Visa/Mastercard
  • Bank Transfer
  • Yandex
  • Webmoney
  • QIWI
  • Skrill
  • Neteller

The minimum deposit amount required by FinmaxFX is $/€250, while the minimum withdrawal amount is only $/€25. Withdrawals are normally processed within 2 to 5 days, depending on the payment method you used to deposit.

FinmaxFX Deposit and Withdrawal

FinmaxFX Deposit and Withdrawal

FinmaxFX Customer Support

You can reach out of FinmaxFX’s customer support team 24 hours on 5 business days. Given using a VIP trading account, you can be supported 24/7.

The broker’s support team is available in 3 languages, including English, Russian, and Arabic.

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FinmaxFX Promotions

As a new FinmaxFX client, you are promoted with a welcome bonus from 30% to 100% of your deposit amount. The bonus percentage depends on your trading account type.

  • Micro and Mini accounts: 30%
  • Standard account: 50%
  • Premium account: 80%
  • VIP account: 100%

FinmaxFX also provides traders with a comprehensive education center and many other promotions. Micro traders are offered one time accessing webinar with a personal analyst. Meanwhile, Mini traders can access webinar 2 times per week.

Standard account holders, besides enjoying Mini traders’ offers, can also use trading signals and daily market reviews of the broker. Premium traders’ offers are the same as those of Standard traders, except the fact they can access webinar 3 times per week.

VIP traders can access webinars, trading signals, as well as daily market reviews any time they want. Besides, these traders are supported 24/7 by FinmaxFX’s senior analysts.

Conclusion

FinmaxFX is a comprehensive Forex broker with many advantages. Despite its young age, the broker’s trading service is not inferior to long-time Forex brokers’.

FinmaxFX offers a wide range of assets, including more than 250 stocks from around the world. This makes it an ideal place for equity traders.

Only supporting MT5 can be considered a drawback of FinmaxFX since many traders are still favoring MT4. However, this is no big deal as these two platforms are basically the same. In general, FinmaxFX is a good choice if you want to start your Forex trading career.

FinmaxFx.com

Author's overall rating:
Author: Ben Prescott
Updated:

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