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Coupon Codes
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FinmaxFX logo

FinmaxFX Deposit Bonus ➜ Is FinmaxFX SCAM or a reliable Broker for Binary Options, Forex and CFD? ✓ Review and conditions October 2020 Canada

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FinmaxFX is an international offshore Forex Broker for trading currencies, commodities, and stocks. The brand is well known because there is another broker whose name is Finmax and is only for Binary Options trading. Both brands belong to one company. FinmaxFX was founded in 2019 and is a relatively new broker.

The Forex Broker is based in address Port Vila, Vanuatu, PO box 1276 and belongs to the company Max Capital Limited with registration number 41072. In addition, the company got different offices around the world and especially for Europe. As real Forex Broker FinmaxFX is one of the National Association of Forex Dealer's initiators. In conclusion, FinmaxFX is a very new broker who tries to convince his clients with good offers and conditions. New tools and options to trade are added to the companies portfolio continuously.

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Visitors who bought FinmaxFX Buy also here:
    • Everything you want to know about FinmaxFX
      Know everything about Coupon Codes, offers and discounts atFinmaxFX

    According to the facts and figures on the FinmaxFX's official site, there are more than 500 assets and instruments available for trading, including 250+ stocks from around the world, 16 indices, 50+ FX currency pairs, 8 commodities, and 30+ cryptocurrencies. The broker offers the MetaTrader 5 trading platform and six types of accounts (including a demo account).

    Pros:

    • Trader protection
    • Up to 100% deposit bonus
    • A wide range of tradable assets and instruments
    • 24/7 customer support
    • Rich education center

    Cons:

    • Only MetaTrader 5 available
    • Low leverage supported

    FinmaxFX's customer support team is available 24/5 for normal clients and 24/7 for VIP clients. There are three ways to reach out to the company's specialists, including Phone, Live Chat, and Email. Below are the details:

    • Phone: +44 (208) 089-25-75 - London
    • Live chat (on the FinmaxFX's officil site)
    • Email: [email protected]

    Is FinmaxFX Safe and Reliable?

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    Yes. FinmaxFX is a trusted broker for two major reasons:

    • iFMRRC and VFSC Regulations: FinmaxFX is fully licensed by the International Financial Market Relations Regulation Center (iFMRRC) and the Vanuatu Financial Services Commission (VFSC) - two of the most reputable regulators in the word. Besides, the broker is also one of NAFD (National Association of Forex Dealers) initiators.
    • Insurance Coverage: Under the iFMRRC's and VFSC's regulations, clients are protected by up to 50,000 USD in the event FinmaxFX faces financial difficulties.

    Finmax FX provides a safe trading environment, with its clients' data fully encrypted using the Advanced Encryption Standards (AES). The broker also offers fund segregation and Negative Balance Protection.

    How to Register and Start Trading at FinmaxFX?

    Below are the steps to open a trading account at FinmaxFX:

    1. Enter the FinmaxFX's official site
    2. Click the 'OPEN AN ACCOUNT' button at the top or in the middle of the homepage

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    1. Fill in the required information and click 'REGISTER'

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    1. FinmaxFX will send you a verification email - find it in your inbox and click on the attached link to verify your email address
    2. Choose a payment method and make a deposit

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    1. Start trading

    If you are unwilling to trade with real money right away, you can start with a demo account. This is a free account with $1,000 virtual money, allowing you to practice trading without risks.

    Account Types

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    FinmaxFX offers 5 types of real accounts to suit multiple levels of traders:

    Micro account

    • Initial deposit of $/€250
    • Leverage of 1:200
    • Fixed spreads starting from 3 pips
    • No commission

    Mini account

    • Initial deposit of $/€1,000
    • Leverage of 1:200
    • Fixed spreads starting from 3 pips
    • No commission

    Standard account

    • Initial deposit of $/€5,000
    • Leverage of 1:200
    • Fixed spreads starting from 3 pips
    • No commission

    Premium account

    • Initial deposit of $/€25,000
    • Leverage of 1:200
    • Fixed spreads starting from 3 pips
    • No commission

    VIP account

    • Initial deposit of $/€100,000
    • Leverage of 1:200
    • Fixed spreads starting from 1 pip
    • No commission

    Finmax Bonus Offers and Promotions

    One of the attractive points of FinmaxFX is that it offers a generous welcome bonus and plenty of promotions. The higher-level your account is, the bigger the bonus and promotions are.

    Starting as a Micro trader, you will receive a welcome bonus of up to 30% of your initial deposit amount. Besides, FinmaxFX offers you one ticket to participate in the webinar with their senior market analysts.

    Becoming a Mini trader, you will still receive a welcome bonus of up to 30% of your initial deposit amount; additionally, you can access the company's webinars 2 times per week.

    If you choose to open a Standard account, the welcome bonus will increase to 50%. Moreover, you can have access to FinmaxFX's trading signals.

    Becoming a Premium trader, you will receive a welcome bonus of up to 80% of your initial deposit amount. Besides, you can freely access FinmaxFX's trading signals and daily market reviews, and can participate in the company's webinars 3 times per week.

    And …

    Being a VIP trader, you will have all the privileges above plus a 100% welcome bonus, unlimited access to the company's webinars, and 24/7 support from a personal account manager and two senior analysts.

    Tradable Assets and Instruments

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    At FinmaxFX, you can choose from more than 500 assets and instruments in various classes. Below is a list of just some of the markets available at this company:

    Classes Example instruments
    Forex currency pairs EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CHF…
    Shares BANK OF AMERICA, APPLE Inc., CISCO SYSTEMS, eBay Inc., IBM…
    Commodity futures Corn, Wheat, Coffee C, Rice, Cocoa…
    Indices S&P 500, NASDAQ 100, CAC 40…
    Cryptocurrencies Bitcoin, Ethereum, Ripple, Stellar, EOS, Cardano…
    Metals Gold, Silver, Copper, Palladium…
    Energy carriers Crude Oil, Natural Gas, and Brent Oil
    Bonds TBOND-30Y, TNOTE-10Y, 10Y EU, GILT-LONG UK…


    Trading Platforms

    One of the Finmax's drawbacks is that it doesn't offer MetaTrader 4 (MT4) - the legendary platform in the online trading world. However, that is no big deal since the company provides MetaTrader 5 (MT5), which is basically the same as MT4 but better.

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    Some of the MT5's features include:

    • Real volume data
    • Hedging allowed
    • 21 time frames
    • 38 technical indicators integrated
    • 6 types of pending orders
    • Built-in economic calendar

    FinmaxFX's MetaTrader 5 is available for Windows, iPhone, iPad, Android, and macOS. The company also offers MT5 WEB which is accessible on browsers (no download required).

    Research and Education

    Finmax FX has a rich education center where traders can learn to trade from basic to advanced. Besides, the company also offers an 'Analytics' center with financial news, market insights, and new investment strategies updated minute by minute.

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    Of course, an economic calendar is indispensable. FinmaxFX's one is highly professional and easy-to-use, which can help you track the changes of specific financial indicators for years.

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    Deposits and Withdrawals

    Funding your FinmaxFX trading account can be done instantly through various modern payment methods, such as Visa/Mastercard, Wire Transfer, Webmoney, Yandex, QIWI, Skrill, and Neteller.

    The minimum deposit at FinmaxFX is $/€250 (Micro account). The company claims not to charge any fees on clients' deposits.

    Withdrawals at FinmaxFX start from $/€10 and are processed through the method you used to top up your trading account. Cashing-out time and fees will depend on the type of account you use. Below are the details:

    Account types Fee Withdrawal time
    Micro

    Mini

    Standard

    Premium

    VIP

    Yes

    Yes

    One free withdrawal per month

    No

    No

    Up to 48 hours

    Up to 48 hours

    Up to 48 hours

    Up to 24 hours

    Up to 5 hours

    Final Thoughts

    FinmaxFX has just been on the market since 2015; however, thoroughly researching this company, we found that its services and reputation are not inferior to long-standing brokerage firms.

    Given having to describe FinmaxFX in one word, we will choose the word 'comprehensiveness.' With an advanced trading platform plus a large selection of financial products, types of accounts and payment methods, this company is actually an ideal place for all levels of traders.


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