Finmax Review 2021: Is Finmax Legit Or Unregulated Platform? FIND OU

This particular broker offers returns of 70-80%, which are realistic, but there are higher payouts available for platinum or VIP account holders. When choosing a broker, be careful not to be drawn into those that are offering more than 90%. Similar to the high/low option, the above/below trade type is predicting whether the asset will finish more upper or lower than Forex brokers the price, only it is the specific price set by the broker. Again, there are many names for these types of options, so it is essential to understand exactly what you are trading on. Another name you may see in addition to above/below or high/low is over/under. Honestly im very surprised to see reviews below…I ve been trading on Finmax’ platform since 2017.

Finmax review

Minimum Finmax deposit is set to 250 USD, so we can say that this requirement is fairly average when compared to other binary options brokers. However, the minimum trade is only 5$, which means you have more than enough to trade even with the most basic initial investment. All deposits will be visible immediately in your account, with the only exception to that being once again wire transfers which can take up to three working days to appear. But with a deposit here, you will also get something extra as a token of appreciation. Find out what we mean in the next part of Finmax review. Trading with the broker is good as it offers low minimum deposit and zero commission. Finmax operates under max capital limited company which is regulated by IFMRRC.

The platform performed admirably with fast executions and the latest data, and Finmax support was always quick and efficient when we needed clarification. Furthermore, our money was always treated well, so there were no withdrawal problems of any kind.

FinmaxFX Fees

You will see the open, close, high, and low of the market in a certain time period. The asset profit is between 70 – 90%.That depends on the asset which you like to trade. The most traded assets like EUR/USD got finmax forex the highest asset profit.Binary Optionsare very flexible on the Finmax platform. You can use short-term trading starting with 30-second trades and long-term trading with a time horizon of more than 2 weeks.

This website is not intended for use in any jurisdiction where the trading or investments described are prohibited and should only be used by persons and in a manner permitted by law. Your investment may not be eligible for investor protection in your country or state of residence. This website is available to you free of charge, however, we may receive commissions from the companies we offer on this website. The Finmax regulation by the Vanuatu Financial Services Commission and by the International Financial Market Relations Regulation Center is questionable. This is the reason why many traders claim that the regulation is fake. We generally recommend not to use the broker and choose a safer alternative. Finmax provides you the service to trade more than 70 different assets.There are Forex, Commodities, Stocks, and Cryptocurrencies to trade.

“Best platform.”

The support is working 24/5 per week in different languages. The main customer base is coming from Europe, Russia, and Asia. To my research, the broker wants to expand their offers to attract more clients.

  • Demo accounts are free and available for all registered clients, advanced charts are provided by TradingView and the platform is more visually appealing than many others.
  • This regulator imposes strict policies to guarantee the transparency of companies operating in this field, besides, VFSC also follows the international regulations of anti-money laundering.
  • Companies can ask for reviews via automatic invitations.
  • By submitting your review you agree to the terms & conditions.
  • We recommend avoiding Binary Options and offshore brokers though.

Due to my research and contact with the broker, there will be another regulation in the United Kingdom in the future. In addition, FinmaxFX manages the customer’s fund with European banks and regulated payment methods.

On top of that, they say wire transfer takes 30 days to process. Beware of all get rich quick offers rendered by Finmax. If you’ve ever fallen victim, you should seek help and report them to asset recovery companies like ewealthrefundsorg, they are one of the best chances of getting your money back. In addition, finmaxfx com Finmax offers video tutorials and webinars for using technical analytics correctly. Often the daily market update shows you different analyses with drawing tools. They are the best way to predict trends or trade support and resistance strategies. Use horizontal lines, vertical lines, and trend lines for analysis.

Conclusion on the Finmax review

Based on our own experiences and on the opinions of many clients who have been scammed by Finmax, we must clearly state that Finmax is not legitimate. Many traders complain about the lack of regulation and about huge losses. The broker scores 1 out of 5 possible stars in our review. With Finmax you can bet on rising and falling markets at the same time. The broker offers you the financial products Binary Options and Forex/CFD as mentioned before. Binary Options are easy to understand and much more popular. That is why I focus on this financial product in this section.

FiNMAX Review

These training materials equip traders with the basic knowledge of financial markets, trading plan, risk management and basic analysis. No matter the resource type is, traders always have a progress bar to track their learning. FinmaxFX is a broker offering CFD trading – a leveraged investment with nearly 400 underlying assets from different financial markets.

No Copy Trading

In conclusion, Metatrader is one of the best platforms worldwide for forex and CFD trading. Not without reason, this software is offered by many companies. You get a full portfolio of tools and you can customize the chart as you want. They are currently offering traders a few special promotions. Either you can get a signup bonus, which is 25% – 100% of your initial deposit, or you can get a risk free trade. Take note that FINMAX only offers customer support from 8 in the morning to 8 in the evening (GMT +3). This is not as great as 24/7 customer service, but at least the website is clear about the matter.

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