Statistics of FiNMax votes

FiNMax reviews

FiNMax_logo FiNMax 5/10 (votes 2372)

On-line since: 2017
Country of origin: Russia
Regulation: VFSC and IFMRRC
Payment options: wire transfer, Visa, Yandex.Money, Qiwi Wallet, WebMoney, Skrill, and Neteller
Minimum account size: $250
Minimum lot size: 0.01 lot
Leverage: 1:10–1:200
Spreads: from 3 pips, 1–2 pips for VIP

FiNMaxFX broker is registered and regulated by the Vanuatu Financial Services Commission (VFSC) and the International Financial Market Relations Regulation Center (IFMRRC). Besides, the broker is also one of the National Association of Forex Dealers (NAFD) initiators and has been granted several awards.

Trading conditions

Types of trading accounts

  • Micro (with minimum deposit of $250)
  • Mini ($1,000)
  • Standard ($5,000)
  • Premium ($25,000)
  • VIP ($100,000)

The Micro account will be suitable for beginners and those who are not ready to take any risks yet. The amount of minimum deposit is quite affordable and enables traders to get access to all the necessary trading tools. The Standard account type requires a larger initial deposit but provides traders with access to a wider range of trading instruments. This type of account will be a good choice for confident users. You can find more details on trading conditions on the company’s official website. Professional investors can take advantage of the VIP account that offers additional functions and requires a deposit of$100,000. This type of account allows traders to generate considerable profits.

Deposit and withdrawal of funds

With FiNMaxFX, clients can choose the following payment methods: Visa, Yandex.Money, wire transfer, Qiwi Wallet, WebMoney, Skrill, and Neteller. To withdraw funds, clients will need to pass verification by providing a copy of their identity document and a document proving their actual residential address. To deposit funds through a bank card, clients are required to send the company a photocopy of both sides of the card. It might take up to 5 business days to process a withdrawal, while for the VIP account holders the procedure will take 48 hours.

It is worth mentioning that the broker charges inactivity fees in the case when the trading platform is not used. So, if there are no transactions on the trading account for two months or more, the broker will charge an inactivity fee from the account holder. By opening a trading account with the company, clients agree that they will pay an applicable fee from time to time. The commission will depend on the inactivity period. For example, if there has been no trading activity on the account for 2 to 3 months, the fee will be $25 and $50 if the account is inactive for 3 to 5 months. If the account has been inactive for several months and its balance drops below $5, the account turns zero. In this case, no deposit fee is charged.

FiNMaxFX offers its clients various bonus programs. For instance, new customers will get an FTD bonus of 50% on full registration with a maximum bonus amount of EUR/USD 500. There is also a 10% bonus on the second deposit granted by the manager and a 15% bonus given on the basis of the decision of the head manager.

On the broker’s website, traders will find such useful tools as forex calculator, economic calendar, currency converter, precious metals quotes, pivot point calculator, cryptocurrency quotes, stock quotes, margin calculator, live currency quotes, and investment portfolio.

FiNMaxFX allows new traders to gain practical skills with no risk of losing funds. On a demo account, traders can develop and improve their trading strategies using virtual funds.

Trading platforms

  • MT5 Desktop
  • MT5 Web
  • MT5 Mobile

The broker offers investment opportunities in currency pairs, stocks, cryptocurrencies, energy, precious metals, indices, commodities futures, and bonds.

The company`s website features the Analytics section where traders will find fresh financial news, market reviews, forex trading strategies, technical analysis, traders’ advice, and forex market forecasts.

Education

The company offers its clients a number of educational resources which include webinars,video lessons, e-books, and a forex glossary.

Customer support

Clients can reach the customer support team via phone, email, and a callback form.

Traders’ reviews

On the net, you will find both negative and positive reviews. Traders mainly complain about the fraudulent actions of the company.

Pros and cons

Pros:

  • training materials
  • regulated broker
  • bonus programs
  • convenient trading platforms
  • demo account
  • negative balance protection
  • narrow spreads

Cons:

  • МТ4 not available
  • withdrawal commission applies to Micro and Mini accounts

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