Finmax offers excellent bonuses to all of its clients, with welcome bonuses offered for opening all account types. There are also some excellent perks offered to VIP clients. This broker uses advanced and innovative trading platform software as well as an impressive range of customer support contact options including instant methods like Skype and Live Chat. The only area in which this broker seems to fall somewhat short is the lack of variety of assets, with only around 70 available.
Finmax is a modern and forward thinking binary options broker that offers plenty of benefits to its clients. Boasting fast withdrawals, very low minimum deposits and an impressive array of deposit methods, Finmax also offers high payouts of up to 90%. This contemporary broker also offers educational resources as well as some excellent special features which makes this an option that is definitely worth considering.
Finmax was established as an online binary options broker in 2015 and is owned and operated by Morris Processing Ltd. Operating from their headquarters in Bulgaria, this broker does not accept traders who are based in the United States and there is no evidence on their website that they are licensed or regulated brokers.
Finmax only offers around 70 assets which is quite limited when compared to many rival brokers on the market.
Their list of assets includes:
Bonuses & VIP programs
Finmax offers bonuses to clients at all levels of experience upon registering for a live trading account. Bronze account holders benefit from a 25% welcome bonus, Silver account holders receive a 50% bonus, Gold account holders receive a 75% bonus and Platinum VIP members can take advantage of a 100% welcome bonus. As an additional perk, Platinum account holders can benefit from a host of other impressive advantages including the services of 2 senior analysts, a 24/7 manager, access to all VIP webinars and an extra 4% return on every trade.
Finmax have ensured that their online trading software is 100% web based and therefore it is not necessary to download or install any memory intensive programmes to your PC. Their interface can instead be accessed at any time from any internet enabled device with ease. However, to make trading on the move more simple, Finmax have also developed a free mobile app which can be downloaded for Android devices from the Google Play Store or from the Apple Store for iOS devices. This cutting edge app allows access to all tradable assets from the palm of your hand and access to a range of excellent features like inbuilt chart indicators and signal services.
Deposits and Withdrawals
Finmax have taken care to offer a wide variety of deposit and withdrawal methods to suit the needs and preferences of all their clients. To this end, the 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 can be requested quickly and easily via the client’s online account portal, however processing can take up to 5 days and funds may take up to 14 days to be received into the client’s bank account. A fee is also charged on most withdrawals with only 1 free withdrawal being given to lower account level holders. VIP members can benefit from unlimited free withdrawals.
Finmax boast an excellent customer service department which is available between 8 am and 8 pm (GMT +3) to address customer queries and issues in a timely manner. There is also an excellent range of contact methods available including instant options like Skype and Live Chat so that urgent questions can be addressed immediately. 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.
Higher level account holders can also benefit from 24/7 access to a dedicated account manager. The website is also available to view in numerous languages to suit the needs of clients from around the world. These include:
- German Italian
Extra Features and Resources
There are many additional resources and features offered by Finmax to its clients to give them extra value. There are some excellent educational resources available free of charge to all account holders at any level with training videos, a glossary and trading strategy courses. Higher level clients can also benefit from VIP webinars to expand their knowledge base. As well as offering these educational resources, Finmax also offers it clients access to an up to date economic calendar and trading news as well as trading signals, advanced charts, analytics, market analysis and access to social trading.
Finmax has a lot to offer potential clients, with many excellent features and benefits that will appeal to both 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 new to binary options trading or whether you are a seasoned professional with years of investment experience in the markets, you will find an account type to suit you with Finmax. There are four 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 can access the educational courses and will receive their own account manager. They also benefit from 1 free withdrawal.
Silver – the Silver account requires a minimum deposit of $1000 and offers a welcome bonus of 50%. Account holders enjoy all of the benefits of the Bronze account plus 48 hour processing of withdrawals, a risk free trade up to 25% of the deposit amount, free webinars and a month of free access to trading signals.
Gold – the Gold account requires a minimum deposit of $5000 and offers a welcome bonus of 75%. Account holders enjoy all of the benefits of the Silver account plus 24 hour processing of withdrawals, 2% extra return per trade, 1 free monthly withdrawal, and unlimited access to trading signals, market analytics and reviews.
Platinum VIP – this account is for the highest level traders and comes with extra perks such as an extra 4% return per trade, a 100% welcome bonus, the services of 2 senior analysts as well as a 24/7 account manager and fee free withdrawals.
How do I register with Finmax?
Registering with Finmax is quick and easy, taking under 15 seconds. Simply select the most appropriate account type on the website, complete your personal details and then deposit funds in order to begin trading straight away.
Can I contact Finmax immediately if I have a problem?
If you are experiencing an issue you can contact the Finmax customer support team at any time during their opening hours which are 8 am until 8pm GMT +3. There are two instant contact options to choose from – Skype and Live Chat.