FinmaxFX Review

FinmaxFX has its headquarter in Seychelles and offices in the UK. The broker is certified by the International Financial Market Relations Regulation Center (iFMRRC) with the registration number RU 0395 AA V0131.

Finmax FX is highly professional from its construction design to financial services. The broker provides MT5 – an innovative Forex trading software compatible with computers, mobile devices, and browsers.

FinmaxFX Safety

Finmax FX is a regulated broker. This means, its operation is under the supervision of competent authorities, and all customer rights are protected by laws.

FinmaxFX’s business activities are transparent. It fully complies with iFMRRC’s regulations and is authorized to sell financial products and services to clients.

Safety of Funds

FinmaxFX keeps its funds in segregated bank accounts, ensuring maximum safety for its customers’ deposits.

In the unlikely event of bankruptcy, each client of the broker can directly request compensation of up to $100,000 from iFMRRC.

Is FinmaxFX reliable?

Finmax FX protects customers from hacker attacks using Advance Encryption Standards 256 Bit technology. Therefore, as the broker’s client, you don’t need to worry about your personal and transactional information being leaked out.

Important note: To ensure that you have visited the correct FinmaxFX website address, check to see if there’s a green padlock visible in the address bar.

Assets Covered

FinmaxFX’s financial assets are rich. At this broker, you can trade over 400 assets from various classes, including:

• Stocks:If you love stock trading, Finmax FX will be an ideal place; it offers over 250 stocks from around the world.
• Indices: Finmax provides popular indexes such as Dow, S&P 500, FTSE, DAX, etc.
• Currency pairs: At FinmaxFX, you can choose from more than 50 currency pairs in major, cross, and exotic groups.
• Metals: The broker offers Gold and Silver with many different symbols such as XAU/USD, XAU/EUR, XAU/GBP, XAG/USD, XAG/EUR, etc.
• Energy carriers: Brent Oil, Natural Gas, and Crude Oil are available for trading>
• Cryptocurrencies: Crypto trading has become a hot trend over the last five years. Understanding this, the FX broker grants access to more than 30 different cryptocurrencies, including Bitcoin, Bitcoin Cash, Ethereum, Ripple, Stellar, Dash, Cardano, and others.

Getting Started: Registration

To start trading at FinmaxFX, do the following steps:

1. Visit the homepage at https://finmaxfx.com/
2. Click the “Open An Account” button at the top right corner of the homepage

3. Fill in the required information and click the “Register” button

4. A confirmation email will be sent to the email address you provided to FinmaxFX. Open it and click on the confirmation link to confirm your email address
5. You will be redirected to the deposit page. Here, choose your expected deposit amount and payment method, then click the “Deposit” button and follow the given instructions.

User Interface

MT5 is a highly professional and easy-to-use trading platform. You can install MT5 on your computer and mobile devices or access it directly on your browser (MT5 Web).

The platform’s interface is basically similar to MetaTrader 4; however, MT5 has many significant improvements compared to its predecessor, such as:

• Supports trading stocks and futures
• Supports 20 different time frames
• Provides 6 types of pending orders
• Integrated with 38 technical indicators

Tradable assets are placed in the “Market Watch” box on the left side of the platform. Your account balance and running orders are displayed at the bottom, while commonly used tools such as chart types or time frames are shown at the top.

You can review your trading history by clicking the history button at the bottom of the platform.

Financing and Cash Withdrawal

FinmaxFX supports various modern payment methods. Below is the detailed list:

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

The broker requires a minimum deposit of $/€250 – relatively high compared to other brokers’. Deposits are often processed immediately except for Wire Transfer ones, which depend on your bank’s working time.

The minimum withdrawal at Finmax FX is $/€25. Withdrawals are often processed within 2 to 5 days via the method you used to top up.

Jurisdictions and Languages

The Forex broker currently supports 3 languages: English, Russian, and Arabic. It allows funding in USD, EUR, and RUB.

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

FinmaxFX Account Types

Real Account

At FinmaxFX, you can choose from 5 different types of real accounts.

Micro account

• Minimum deposit: $/€250
• Leverage: 1:10 – 1:200
• Spread: from 3 pips
• Withdrawal processing: up to 48 hours
• Withdrawal fee: Yes

Mini account

• Minimum deposit: $/€1,000
• Leverage: 1:10 – 1:200
• Spread: from 3 pips
• Withdrawal processing: up to 48 hours
• Withdrawal fee: Yes

Standard account

• Minimum deposit: $/€5,000
• Leverage: 1:10 – 1:200
• Spread: from 3 pips
• Withdrawal processing: up to 48 hours
• Withdrawal fee: One free withdrawal per month

Premium account

• Minimum deposit: $/€25,000
• Leverage: 1:10 – 1:200
• Spread: from 3 pips
• Withdrawal processing: up to 24 hours
• Withdrawal fee: No

VIP account

• Minimum deposit: $/€100,000
• Leverage: 1:10 – 1:200
• Spread: from 1 pip
• Withdrawal processing: up to 5 hours
• Withdrawal fee: No

Demo Account

FinmaxFX offers a demo account with no money and usage time limitation. You can use this account to test trading strategies, EAs, or to get acquainted with the MT5 trading platform.

Customer Support

FinmaxFX’s customer support team is available 24/5 for normal clients and 24/7 for VIP clients. You can contact FinmaxFX’s specialists by the following 3 ways:

• Live Chat: Directly on the broker’s official website
• Phone: +44 (208) 089-25-75
• Email: [email protected]

According to traders’ feedback, FinmaxFX’s support team is rated as enthusiastic and professional. Live chat’s average response time is within 23 seconds, while tickets are normally resolved within 24 hours.

Frequently Asked Questions

Is FinmaxFX legit?

Yes. Finmax FX is legalized by iFMRRC and has a transparent business.

What are the minimum deposit and trading amount?

The minimum deposit at FinmaxFX is $/€250. The minimum position size is 0.01 lot.

Which assets can you trade?

At FinmaxFX, there are more than 400 assets available for trading. The broker offers many asset classes, including stocks, stock indexes, currency pairs, commodities, and cryptocurrencies.

Is FinmaxFX a reliable platform for African traders?

Yes. The broker’s customer network is around the world. Its operation is transparent and compliant with iFMRRC’s regulations.

Conclusion

FinmaxFX is a professional, comprehensive, and transparent broker. It delivers core values to traders by offering great trading and customer care services. If you decide to start your trading career, this broker is the right destination.