WebFINMAX Review The popularity of the Binary Options broker has continued to grow fast and wide. This growth comes with the mushrooming of both legit and fraudulent brokers. Web29/09/ · In Finmax there is not written in terms and conditions, that you can not use the sell out button, when you make an investment in binary options. After I have lost my WebSummary: Very trusted broker User Rating: (3 votes) Intro Finmax is a forward thinking, modern binary options broker which offers a lot of benefits to clients. With WebBinary broker blacklist; Strategies. The best strategy. EUR/USD strategy; Fibonacci Retracement strategy; Breakout strategy; Hedging strategy; Support and resistance. ... read more
To test it out, I tried it a lot. I also researched all over the web for positive and negative reviews. In this review, I include some complaints examples from these that I found more on forums and other pages.
Founded in , Finmax is a binary options broker fairly popular in binary options circles. Finmax financial operations are operated by IK Partners Limited, which is a financial company headquartered in Kingstown, St. Vincent and Grenadines. It is under registration number CTD Even though Finmax has offices in the United Kingdom, I was surprised to find out that the broker is not subject to regulatory oversight by Financial Conduct Authority FCA.
However, they are subject to regulatory oversight by the FMRRC. It is the same regulator that Expertoption has see here in my Expertoption review. The trading platform is intuitive and very easy to use. Finmax offers an innovative proprietary trading platform that is completely available online. You only need an Internet connection and a compatible browser. In terms of trade execution, the platform executes trading positions fairly fast—taking only a few seconds.
Finmax probably offers the deepest catalog of trading assets. At Finmax, traders can choose underlying financial instruments from a wide choice of assets derived from multiple global exchanges, popular stock indices, tens of currency pairs, and several commodities.
They also offer commodity pairs and cryptocurrency trading. Cryptocurrencies available for trade include Ripple, Bitcoin, Litecoin, and Ethereum. The cryptos can either be traded as standalone assets or as pairs, with other cryptos or major currencies. To add to their impressive assets index, they offer a wide array of expiries. I was able to place trades as short as 60 seconds. However, they also offer medium- and long-term trading, where expiries can be from a few hours to a couple of months.
Assets available can also be traded with several options types. In all my reviews, I always reiterate that how seamlessly I make a deposit and a withdrawal plays an integral role in determining the overall rating of a broker.
At Finmax, I was able to easily make a deposit. Although I used my credit card to fund my account, I was offered a pool of payment methods to choose from. They include epayments, bank transfers, Yandex Money, QIWI Wallet, NETELLER, Skrill, WebMoney, and Bitcoin. From what I gathered from talking to customer representatives, withdrawals are only processed to a previously used payment method.
However, for a successful withdrawal, you have to have fully verified your account and payment method. On their website, they expressly state that withdrawals take about 5 days, but in some instances, it can take over a week.
To sum it up, my withdrawal took about 2 weeks. But in their defense, I had to re-verify my payment method for the withdrawal to be processed. One major downside of using Finmax binary trading is that they charge a wide array of fees. Firstly, for any withdrawal, they charge a fixed withdrawal fee. That fee depends on the payment method. Credit card, QIWI, Yandex Money, NETELLER, and OkPay withdrawals are subject to a 3.
The broker also has a monthly fee for inactive accounts. Finmax offers a demo account that facilitates fast-paced demo trading. To get the demo account, you only have to submit initial registration details. However, there is a catch: the demo account comes with an expiry date. New traders can only use the demo account for 1 week. After that, if you fail to make a deposit, the account expires. However, if you make a deposit, you get unfettered access.
However, upon depletion, you can always ask for a top-up. Also, their demo accounts do not support CFD trading. You can take a look at my guide of the best binary options brokers with demo accounts. Finmax offers different account types to its traders—each account type with its own range of privileges and deposit requirements. Other account types available include Gold, Platinum, and VIP.
Generally, the amount you deposit will dictate your account type. The higher the deposit, the more prestigious the account type. Mobile trading at Finmax is not as top-notch as it should be. However, their website has a very responsive layout and traders can trade seamlessly via mobile browsers. As mentioned earlier, Finmax not only accepts deposits from online cryptocurrency wallets, but they also offer cryptocurrency trading.
They offer cryptocurrency trading in the form of options and CFDs. This means that traders can leverage on volatility of cryptos when they opt to trade CFDs. Alternatively, you can trade cryptos as pairs. Currently, they offer Ripple, Bitcoin, Litecoin, and Ethereum. They want to avoid being indicted in the U. for illegally offering options to U.
Also, when making a deposit, traders get redirected to another secure interface. This further improves their safety score.
Finmax trading seems to have borrowed a leaf from a section of brokers. In my case, I always detest the aggressiveness with the marketers, since it shows how desperate the broker is. Moving on, Finmax trading offers unparalleled customer support to their clients. Customer support can occur via live chat, over the phone, or via email. However, it is worth noting that live chat support is the most efficient. However, unlike other reputable brokers who offer live chat support for 24 hours, Finmax only offers live chat support within Bulgarian daytime hours.
The website comes in several languages. These include English, Polish, Russian, Spanish, French, German, Italian, and Arabic. com does not currently offer a no-deposit bonus. However, new traders can opt-in to the welcome bonus. As usual, I went out of my way and read through several complaints about Finmax. In the spirit of objectivity, I have compiled them in an easy-to-read manner. Make your decision at the end. At Forexpeacearmy, I stumbled across one complaint, complete with evidence of how a trader got swindled by the broker.
The complainant even has video evidence! I decided to test the broker Finmax. After opening two trades, the account has been frozen for the status.
They requested to send documents for verification. I sent them and everything was alright. Then I waited, and kept doing my negotiations. Support no longer answered me, so I contacted facebook, and they blocked me too. Giving confirmation of being a SCAM company. Have traded successfully at Finmax in 7 months and made withdrawals. Suddenly account with USD profit has been frosen. I have not received the precise explanation why already 6 months. My phone number has been blocked, because I have been calling many times and asking the explanation.
Because I have not done anything wrong: have not traded on 2 accounts, documents was veryfied, have not used any robots. They just secretfully was answering, that can not say, what was the problem and later just blocked my phone number and facebook account. My account manager, whom, I thought, I had a very good communication with, suddenly blocked my Skype account. so I can not reach him anymore.
the very same thing happened to me. As of the time of this writing, here is what is being offered:. If you want to trade on FINMAX, your first step is to make a deposit. Depending on how much you deposit, you will be placed into one of the following account tiers:.
Given that most of these account tiers require higher minimum deposits, I would say that this broker is aiming its services at traders with moderate to large bankrolls. Each tier adds progressively more advantages.
At the VIP level, you get the highest tier of benefits. At this tier, there are no withdrawal fees. Additionally, your account currency may be in US Dollar, Euro, Russian Ruble, or Multibot Tokens MBT. Cryptocurrencies have become very popular, so it is awesome that FINMAX is so crypto-friendly. Not every binary options broker can claim this. What about withdrawals? You can use all the same methods listed above. Fees vary depending on the option you choose:.
Withdrawals process in just hours. This makes it fast and easy to transfer your money. FINMAX offers a proprietary trading platform, and makes trading available on desktop, laptop, and mobile iOS, Android or Windows devices. The platform is pretty close to others you may have used in the past. Across the top, you will see the assets you can trade.
Below that, you can pick your expiry time. That is where you can input your stakes as well. There is a wide range of expiry times to choose from. You can enter into anything from a 30 or 60 second trade to a long-term investment in an asset of your choice.
Something else exciting is that along with stocks, indices, currencies and commodities, you can trade cryptocurrencies. There are assets in all, so the selection is pretty extensive. Along with the resources which I have already discussed, FINMAX provides an economic calendar, market reviews, fundamental and technical analysis, and social trading.
FinMax Binary Options Broker — Regulated Trading Platform! Free Demo Account and Low Minimum Deposit! FinMax has released its binary options and CFDs trading platforms in Its main statement… more. Its main statement is related to high profitability, good customer support service, and the user-friendly interface of the trading platform.
They are regulated by CROFR and IFMRRC! There are many e-books, videos, and webinars. They give you all the needed information for a successful trading process to be commenced. In addition to this training, there are also different news, analytic tools, economic calendar, and market reviews. You can easily reach customer service via a variety of means, including the Finmax Contact Us online form, email, phone, or online chat.
Finmax offers local numbers in England, Australia, Canada, Bulgaria, Italy, and Cyprus. If it was a scam, we would have at least heard of cases where clients were either treated poorly or stolen from. The user interface is well polished and neat. Useful buttons are strategically positioned for the convenience of their traders.
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Web29/09/ · In Finmax there is not written in terms and conditions, that you can not use the sell out button, when you make an investment in binary options. After I have lost my WebBinary broker blacklist; Strategies. The best strategy. EUR/USD strategy; Fibonacci Retracement strategy; Breakout strategy; Hedging strategy; Support and resistance. WebFINMAX Review The popularity of the Binary Options broker has continued to grow fast and wide. This growth comes with the mushrooming of both legit and fraudulent brokers. WebSummary: Very trusted broker User Rating: (3 votes) Intro Finmax is a forward thinking, modern binary options broker which offers a lot of benefits to clients. With ... read more
They give you all the needed information for a successful trading process to be commenced. The FinMax broker is owned and operated by a British company named Morris Processing Ltd. No matter how much the market moves, the price only has to be higher or lower than your entry point. Professional traders use technical analysis for profitable trading Binary Options. Summary : Very trusted broker.In addition to the Finmax trading platform, you can use advanced charts. This material is not intended for viewers from EEA countries European Union. Below that, you can pick your expiry time. Another important point for traders is charting and functions. My test with real money showed that it is an unreliable company for finmax binary options review and successful traders.