FinmaxFX is an online financial services provider that has been operating in Vanuatu since 2015. They offer over 400 financial instruments across different asset classes, including indices, currencies, forex, commodities, and stocks, through the MetaTrader 5 (MT5) trading platform. Traders benefit from a range of favorable trading conditions, such as competitive spreads, leverage of up to 1:200, and access to some helpful trading tools, educational resources, and a customer support team.
FinmaxFX Review Introduction
In this FinmaxFX review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support, and broker regulation.
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FinmaxFX Platforms & Tools
FinmaxFX traders are provided with the MetaTrader 5 trading platform for trading the various available trading instruments. MT5 was developed in 2010 to succeed the MT4. It is widely used by traders around the world for its intuitive and user-friendly interface. The platform offers advanced financial trading functions, with superior tools for technical and fundamental analysis. It supports automated trading using trading robots and copying trading signals. The broker offers different versions of the MT5 platform, including the desktop application for Windows and Mac computers; a WebTrader that runs directly on most modern web browsers without needing installation, and a mobile app for Android and iOS devices. The mobile trading app can be freely downloaded from the respective app stores and are useful for those who need to access their trading account on the go.
Analytical tools, such as Financial News, Technical Analysis, Market Reviews, Trading Signals, and the Economic Calendar, are provided by the broker to enhance clients’ trading experience.
FinmaxFX Research & Education
The ‘Education’ section of the broker’s website contains a good selection of educational materials that can enhance traders’ financial knowledge. They include webinars, glossary, video lessons, and E-books.
FinmaxFX Trading Accounts
The following account types are available to FinmaxFX clients: Micro, Mini, Standard, Premium, and VIP Accounts. The required minimum deposits range from $250 on the Micro to $100,000 on the VIP Accounts. The accounts are designed to suit each trader’s needs and capital.
FinmaxFX Account Funding
The broker allows traders to deposit and withdraw funds to and from their trading accounts using any of the following payment methods:
- Bank transfer
- Credit/Debit Cards (Visa, MasterCard, Maestro)
- E- Payment Processors — such as Neteller, Skrill, QIWI, YandexMoney, Webmoney, and more.
FinmaxFX Customer Service
The broker’s customer support is available during working hours (08:00 to 2:00 — GMT +3) via telephone and email.
FinmaxFX is the trading name of Max Capital Limited, which is authorized and regulated by the Vanuatu Securities and Exchange Commission (VSEC) with license number, 41072. They are also authorized by the Vanuatu Financial Services Commission (VFSC). The broker also has the official regulation of the International Financial Market Relations Regulations Center (IFMRRC).
FinmaxFX Review Summary
FinmaxFX is an online trading broker that was launched in 2018 in Vanuatu. The broker gives traders access to trade multiple financial instruments via the MetaTrader 5 trading platform. Traders also benefit from some useful trading tools, educational resources, and a customer support team. There are multiple account options with a minimum required deposit of $250 and leverage of up to 1:200.
It is worth mentioning that some of the trading products and services in this FinmaxFX review may differ or not be available to traders in some countries due to regulations. As brokers’ terms can change over time, please verify all information is up to date directly from the FinmaxFX broker website which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.