Finmax binary options trading platform as is review

Launched in 2015, Finmax has now become one of the world’s leading brokers, providing traders with a professional binary options trading service. The broker’s regulating organization is the Financial Market Relations Regulation Center (FMRRC).

Finmax’s office address: 14 Tsar Osvoboditel blvd. Sofia 1000, Bulgaria.

Features

www.Finmaxbo.com is the official website of this broker. Being stunningly and professionally designed, the website really makes visitors impressed at first glance. There is a sign-up button set at the right of the home page, enabling visitors to open a new account and access the trading system in less than 15 seconds.

Visitors can choose to open a demo account in order to test Finmax’s trading platform, or a real account to start trading binary options using real money. The broker doesn’t allow traders in the following countries: USA, Belgium, Benin, Canada, Israel, Uganda, and Japan.

After finishing registration, traders can immediately access the broker’s platform. Based on TradeSmarter – the most famous trading platform in the binary options industry, Finmax provides traders with a very user-friendly and innovative trading system.

There are more than 70 tradable financial instruments found at the top of the trading platform, including currency pairs, stocks, indexes, commodities, and cryptocurrencies. Payouts vary from 65% to 90%, based on the trading sessions. The broker also offers a wide range of expiry times (from 30 seconds to 1 year).

$5 is the minimum investment amount, while the maximum investment amount is up to $50,000. Finmax charges no spreads or commissions on positions.

In case traders are willing to trade on their mobile devices, they can use Finmax’s mobile trading platform which is compatible with iOS, Windows Mobile, and Android.

Notably, this broker provides traders with plenty of assistant trading tools such as educational videos, binary options strategies, webinars and weekly market analyses.

Account types

Below are four account types that traders can choose from at Finmax:

Bronze: opening a Bronze account requires an initial deposit of $250. Bronze account holders’ benefits include a 25% deposit bonus in addition to a full access to educational materials.

Silver: a minimum deposit of $1,000 is necessitated to own a Silver account. In addition to all benefits that a Bronze account owner receives, Silver account owners can get a 50% deposit bonus plus a risk-free trade of up to 25% of the deposit amount.

Gold: opening a Gold account requires a minimum deposit of $5,000. Besides all benefits that a Silver account holder can get, Gold account possessors will receive a 75% deposit bonus, a 2% return on all trades and unlimited free signals.

Platinum VIP: a Platinum account could be opened with a negotiable deposit. Platinum VIP traders are offered very beneficial promotions, including a 4% return on all trades, a 100% deposit bonus, a lifetime free withdrawal service and unlimited free signals. They can also be assisted personally by two financial experts.

Deposits & Withdrawals

Finmax charges no fees on deposits. The minimum funding amount required is $250/€250/£250. Deposits can be made through Visa and MasterCard, Wire Transfer, Webmoney, Yandex, Skrill, Qiwi, or Neteller.

The minimum withdrawal amount is $25/€25/£25. Withdrawals are processed via the initial deposit method.

Support

Finmax specialists can be contacted via email, live chat, telephone or the web contact form. The supported languages currently include English, Russian, Italian, Arabic, Portuguese, Polish, French, and Spanish.

Pros & Cons

Pros

• Regulated broker.

• Multiple choices of trading accounts.

• Plenty of tradable assets.

• High average payouts.

• Fast order execution.

• Generous promotions.

• Fast withdrawal process.

Cons

• No support for ECN Trading.

Conclusion

Having a series of outstanding advantages mentioned above, Finmax deserves to be one of the world’s leading binary options brokers. Picking Finmax, traders will have a lot of opportunities to learn and earn profits in the long-term from binary options trading.

TRY TRADING WITH FINMAX

“General Risk Warning: Binary options and cryptocurrency trading carry a high level of risk and can result in the loss of all your funds.”