Finmax offers good bonuses to all clients. They have welcome bonuses on registering for every account type and VIP clients can benefit from impressive perks. This broker also has an innovative and advanced trading platform together with plenty of contact options for their customer support centre, with Live Chat and Skype available. Unfortunately, this broker seems to lack choice when it comes to assets as there are only about 70 on offer.
Finmax is a forward thinking, modern binary options broker which offers a lot of benefits to clients. With speedy withdrawals, low minimal deposits as well as an excellent choice of deposit methods, Finmax offers clients high payouts of up to 90%. This modern broker also has plenty of educational resources together with some excellent additional features resulting in this being an option well worth considering.
Finmax was founded as an online binary options broker as recently as 2015. It is owned and operated by Morris Processing Ltd which operates from headquarters in Bulgaria/ This broker does not accept any traders based in the United States and they are not licensed or regulated brokers.
Finmax only offers around 70 assets for trading which is quite limited when compared to many rival brokers on the market.
Their list of assets includes:
Bonuses & VIP programs
Finmax does offer its clients bonuses at all levels of experience when they register for a live trading account. Bronze account holders receive a 25% welcome bonus, Silver account holders get a 50% bonus, Gold account holders are eligible for a 75% bonus and Platinum VIP members benefit from a 100% welcome bonus. Additionally, Platinum account holders benefit from several other impressive advantages such as receiving the services of two senior analysts, a 24/7 account manager, access to VIP webinars and an additional 4% return on each trade.
Finmax have trading software which is 100% web based and therefore there is no need to download or install memory intensive programmes to a PC. Their trading interface can be accessed at any time from all internet enabled devices with ease. To make trading on the go even more simple, Finmax have developed a free of charge mobile app that can be downloaded from their own website for or from the Google Play Store for Android devices or from the Apple Store for iOS devices. This advanced app allows access to the whole range of tradable assets from the palm of your hand as well as giving access to the entire range of features such as built in chart indicators and signal services.
Deposits and Withdrawals
Finmax offer a wide variety of deposit and withdrawal methods that suit the needs and preferences of all clients. Their available options include:
- Credit and debit cards including Visa, MasterCard, Visa Electron and Maestro. Deposits are received instantly with this method
- Bank wire transfer – deposits take up to 3 days to be processed
- Skrill – this method offers instant deposit
- Yandex Money – this method offers instant deposit
- Qiwi Wallet – this method offers instant deposit
- Webmoney – this method offers instant deposit
- Neteller – this method offers instant deposit
Withdrawals are able to be requested quickly and simply through the client’s online account portal, but processing may take as long as 5 days and funds can take as long as 14 days before being received into the client’s account. A fee will also be charged on most fund withdrawals with only one free withdrawal being offered to low account level holders. VIP account holders are able to benefit from unlimited free withdrawals.
Finmax has an excellent customer support department available from 8 am until 8 pm (GMT +3). They can address all customer queries and any issues quickly. They also offer an excellent range of contact options including instant Skype and Live Chat methods so urgent questions can be immediately addressed. The available contact methods include:
- Online web form
- Live Chat
- Telephone – there are 5 telephone lines based in the UK, Cyprus, Australia, Canada and Bulgaria.
High level account holders are also able to benefit from 24/7 access to their own dedicated account manager. The website can be viewed in numerous languages in order to assist clients from around the globe. These include:
- German Italian
Extra Features and Resources
There are many additional features and resources offered by this broker to its clients to offer extra value. They have some excellent educational resources which are available free to all account holders at every level. There are training videos, glossaries and some trading strategy courses. High level clients also benefit from access to VIP webinars which expand their knowledge base. Finmax also offers clients access to up to date economic calendars as well as cutting edge trading news and trading signals, advanced charts, analytics, market analysis and access to social trading forums.
Finmax has plenty to offer its potential clients, with many features and benefits that are sure to appeal to novice and experienced investors alike. There are, however, some negative points to bear in mind when considering this broker.
- Cutting edge trading software that is suitable for use by both experienced and novice traders
- 100% online trading interface requiring no installations or downloads
- Instant customer support via the live chat facility and Skype
- Choice of customer service contact methods including email and several multilingual telephone helplines
- 24/7 access to a dedicated account manager for VIP clients
- Choice of convenient deposit methods including popular e-Wallets
- Easy to request deposits
- Mobile app for Android and iOS devices allowing trading on the move
- Multilingual website
- Choice of four different account types
- VIP account for high volume traders with excellent benefits
- Payouts of up to 90%
- Free educational resources including videos and webinars
- Free access to trading signals and analytical tools for higher level clients
- Access to social trading
- Account manager for all clients
- Welcome bonus for all clients
- Rapid processing of withdrawals for Gold and Platinum clients
- Does not appear to be a licensed or regulated broker
- Customer support is not available 24/7
- Limited range of available assets
- Does not accept USA clients
Is there a choice of account types with Finmax?
Whether you are brand new to binary options trading or whether you are a professional with many years of experience in the investment markets, you are sure to find an account type to suit your needs with Finmax. There are 4 different account types available to choose from:
Bronze – the Bronze account requires a minimum deposit of $250 and offers a welcome bonus of 25%. Account holders are able to access educational courses and receive their own personal account manager. They also benefit from one free funds withdrawal.
Silver – the Silver account requires a minimum deposit of $1000 and comes with a welcome bonus of 50%. Account holders have all the benefits of the Bronze account as well as 48 hour withdrawals processing, one risk free trade worth up to 25% of the deposit amount, access to free webinars and one month of free access to trading signals services.
Gold – the Gold account requires a minimum deposit of $5000 and comes with a welcome bonus of 75%. Account holders are given all of the benefits of Silver account holders together with 24 hour withdrawals processing , 2% extra return on each trade, one free monthly withdrawal as well as unlimited access to trading signal service, market analytics and market reviews.
Platinum VIP – this account is offered to high level traders and comes complete with additional perks like an extra 4% return on each trade, a 100% sign up bonus, services of two senior analysts as well as a 24/7 account manager and also fee free withdrawals.
How do I register with Finmax?
Registering with Finmax is quick and easy, taking less than 15 seconds. Just select the best account type for you on the website, enter your personal details and finally deposit funds into your account in order to start trading straight away.
Can I contact Finmax immediately if I have a problem?
If you have any issue or problem you are able to contact the Finmax customer service team at any time during their opening hours which are from 8 am until 8pm GMT +3. There are also 2 instant contact options which clients can select from – Skype and Live Chat.