FINMAX CFD Review 2021

FINMAX CFD Rated 3/5
learn more Learn more about eToro. 71% of retail investor accounts lose money when trading CFDs with this provider.
FINMAX CFD Review Screenshot

FINMAX CFD Guide - Read our In Depth FINMAX CFD Review

This FINMAX CFD review was written by industry experts with over 20 years of financial experience in Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing.

What is FINMAX CFD?

FINMAX CFD are a global online financial trading platform and multi asset broker founded in 2008

Over 13 years later FINMAX CFD has grown to offering retail investors Forex trading, CFD trading, Spread Betting trading, Social trading, and Share Dealing trading.

FINMAX CFD are a global broker. FINMAX CFD have a head office in Bulgaria.

When trading in the financial markets it can be very time consuming to find a broker that meets your needs.

We will dive deep in this FINMAX CFD review and assess how well the FINMAX CFD platform functions in its role as an international multiple financial asset trading platform for traders in 2021.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. Choosing an online broker like FINMAX CFD can be difficult. For a beginner, the first few hurdles can come in the form of what appears to be a complex mobile or online trading platform, hard to understand investment terminology and confusing fee structures. In our review of FINMAX CFD we breakdown the pros and cons. What FINMAX CFD are able to offer, what countries FINMAX CFD are available in. Who FINMAX CFD are regulated by and more.

Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.

This is why we have taken the time to review only the best brokerage firms, their practices, their fee structure and all other important aspects. We want you to evaluate and analyse and trust your hard-earned cash with only the safest and best of brokers. We hope you find this FINMAX CFD review useful.

This review of the FINMAX CFD platform is very detailed. If you are interested in trading with FINMAX CFD in any capacity please take the time to read and research the whole FINMAX CFD review.

We have tried to explain the ins and outs of financial trading through the FINMAX CFD platform as plainly as possible so that you the trader are as informed as possible before you start to use the FINMAX CFD trading tools and depositing and withdrawing funds from FINMAX CFD.

Benefits of trading with FINMAX CFD

Open FINMAX CFD's Website

Your capital is at risk

Investing online can be just as risky as any other kind of offline investment. As with any investment, it is important to know and research the company you are dealing with. When trading financial assets with FINMAX CFD like Forex trading, CFD trading, Spread Betting trading, Social trading, and Share Dealing trading. you should have confidence in FINMAX CFD and know that the management of your financial investments on the FINMAX CFD platform is in good hands.

At the bottom of this FINMAX CFD review you can also learn about some pretty good alternatives to FINMAX CFD

With this FINMAX CFD review we hope to help you see if FINMAX CFD is a good fit for you.

It is a common myth that online trading is confusing. It is only difficult for people who have not done the research. In this article, you will learn important information regarding FINMAX CFD that will help you get off to a good start in the world of online trading.

FINMAX CFD Review Table of Contents

FINMAX CFD review
FINMAX CFD is a Multi-Assets Trading Platform with over 99+ Assets

Learn more about FINMAX CFD. FINMAX CFD is a multi asset platform with 99+ tradable Assets. Assets available on FINMAX CFD include Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing.

FINMAX CFD trades in multiple financial asset types. An asset in financial investment, is any security or asset, tangible or intangible, that has a financial value attached. This means that Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing are considered financial assets.

FINMAX CFD review
Features of FINMAX CFD

FINMAX CFD review
What you should know

FINMAX CFD offer five ways to trade: Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing.

With FINMAX CFD you will need a minimum deposit of $0. You can sign up for a demo account to acquaint yourself with FINMAX CFD platform.

FINMAX CFD are able to accommodate various levels of traders whether you are experienced or a beginner.

FINMAX CFD review
Are FINMAX CFD safe?

When choosing a broker like FINMAX CFD the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.

Established in 2008, and in operation for 13 years FINMAX CFD have a head office in Bulgaria.

FINMAX CFD is regulated. This means FINMAX CFD are supervised by and is checked for conduct by the Financial Services Authority (FSA) regulatory bodies.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to FINMAX CFD, this will be honored. If FINMAX CFD violate any regulatory rules their regulated status could be stripped.

Your capital is at risk

FINMAX CFD review
Is my money safe with FINMAX CFD?

Any payments funded to FINMAX CFD accounts by traders are held in a segregated bank account.

For added security FINMAX CFD use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

What are Tier 1 banks and why should FINMAX CFD use them?

A Tier 1 bank is considered the safest and most secure regarding client capital. Tier 1 is actually a term describing the financial strength of a bank. A Tier 1 bank has strong core capital reserves and financial regulators utilize tier one banks because they are able to withstand unexpected financial losses.

What does it mean to have your funds in FINMAX CFD deposited in a Tier 1 bank?

Having any money you deposit with FINMAX CFD means that your funds are safe in a bank that has enough capital to accommodate your withdrawal wishes even if FINMAX CFD goes out of business for some reason.

Therefore, we can safely conclude that FINMAX CFD is secure and safe.

That said, please note that you can lose funds when trading in financial assets. Accounts can lose money due to either not putting enough effort into researching the markets, lack of experience or not using the tools provided by the brokerage platform.

While trading in financial investments, losing money rapidly due to trading Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing is not uncommon. Only take the risk of trading when you understand that your invested capital is at risk any time due to market volatility. FINMAX CFD also clearly state on their platform that Your capital is at risk.

Now that we have answered some important questions regrding FINMAX CFD. let us look at the FINMAX CFD features in more detail.

Try creating two accounts when you are working with FINMAX CFD. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.

Open a demo account Visit FINMAX CFD

Your capital is at risk

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

How FINMAX CFD as a Company Compare Against Other Brokers

Broker finmaxcfd eToro IC Markets XTB
Year Established 2008 2006 2007 2002
Head Office Bulgaria Cyprus, UK Australia Poland
Regulation Financial Services Authority (FSA) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG)
Used By 10,000+ FINMAX CFD users 17,000,000+ eToro users 60,000+ IC Markets users 250,000+ XTB users
Negative balance protection Yes Yes Yes
Guaranteed Stop Loss No No No
Learn More Visit FINMAX CFD Visit eToro Visit IC Markets Visit XTB
Risk Warning Your capital is at risk 71% of retail investor accounts lose money when trading CFDs with this provider. Losses can exceed deposits 82% 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.

FINMAX CFD review
FINMAX CFD Pros and Cons

What we like about FINMAX CFD

  • Used by over 10,000 FINMAX CFD users and traders
  • Established in 2008
  • Regulated by Financial Services Authority (FSA)
  • Min. deposit from $0

What we don't like about FINMAX CFD

FINMAX CFD review
FINMAX CFD Regulation and Licensing in more detail

We have checked and FINMAX CFD is regulated and supervised by reputable organisations. You are able to check every FINMAX CFD supervisory and regulatory body given below. Regulation gives you some recourse for those who have issues with FINMAX CFD. Regulatory authorities protect the traders with things like reimbursement schemes that regain the client's investment in the event the broker becomes insolvent.

The brokerage firms have to comply with a variety of rules and criteria for license approval, this is determined by the recognized international authority with the intention to provide secure trading and stay licensed. The whole notion of regulation is to protect FINMAX CFD traders and provide a safe trading environment. Financial regulation and license approval is essential.

FINMAX CFD is regulated, governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the behavior of the brokers and if things go wrong they will take necessary action. Before trading online with a broker such as FINMAX CFD you should be sure they're legitimate online agent.

FINMAX CFD review
Is FINMAX CFD Global?

Yes, FINMAX CFD is global as FINMAX CFD is available in over 194 countries.

FINMAX CFD is a global trading platform in the sense that it operates in 194 nations including nations in Europe, Asia, Oceania, and Africa. Major countries FINMAX CFD covers include the UK, Germany, Australia, South Africa, Thailand, the United States and China. FINMAX CFD has a total of more than 10,000 users.

FINMAX CFD review
FINMAX CFD Fees Explained

  • FINMAX CFD withdrawal fees varies on payment method
  • FINMAX CFD does charge a fee for inactive accounts.
  • FINMAX CFD does charge deposit fees.

Brokers offer state of the art online trading platforms, mobile trading apps, financial research tools and educational resources. For a brokerage to maintain these services and earn revenue as a company, brokers may charge clients various fees.

How FINMAX CFD Fees Compare Against Other Brokers

Broker finmaxcfd eToro IC Markets XTB
Min Deposit 0 200 200 0
Withdrawal Fees varies Yes No varies
Inactivity Fees Yes No No
Deposit Fees No Varies No
CFD Commission Fees No Yes Yes

FINMAX CFD review
FINMAX CFD Minimum Deposit

FINMAX CFD do not require a minimum desposit when opening a FINMAX CFD trading account.

Brokers that offer lower minimum deposits are generally geared towards a more mainstream audience that do not require some of the more advanced features and research tools.

Brokers that do not charge minimum deposits do so usually to attract new customers. They have to make some way, so transaction commissions and other fees may be higher with a low minimum deposit account.

Brokers that require a larger minimum deposit amount usually offer a greater range of trading features on their platforms. These brokers often have more in depth technical analysis and research tools and better risk management features.

As more and more online trading platforms have entered the market, minimum deposit requirements to open a live trading account have gone down as an increasing number of brokers compete for new clients.

Depending on the type of trading account you opt for some brokers require a minimum deposit as high as 6500 GBP/USD. Some brokers can go as high as 10,000 GBP/USD.

FINMAX CFD review
FINMAX CFD Withdrawal Fees

FINMAX CFD withdrawal fees vary depending on your selected withdrawal payment method.

Each broker has their own specific withdrawal rules on how your funds can be withdrawn from your trading accounts.

This is because each brokerage firm will have different withdrawal methods and each payment provider may have differing transfer processing fees and processing times.

FINMAX CFD for example allow you to withdraw your funds to Bank Bank Wire transfer.

FINMAX CFD review
FINMAX CFD Inactivity Fees

FINMAX CFD does charge a fee for inactive accounts.

An account inactivity fee is a fee charged to the registered brokerage client.

Brokers may have certain trading activity requirements that under the terms and conditions of the accounts, clients may have to fulfill.

If a clients trading account dues not have any buying and selling over a period of time as dictated by the broker an inactivity fee may be due.

Inactivity fees are not specific to online trading accounts. Many financial service companies may charge inactivity fees. Please check on the brokers website and make sure you are aware of and are happy with all the services and fees you may be charged.

If you are no longer using your trading account close it with the brokers customer support. And make sure you have a confirmation that any remaining fees are not due.

Depending on the type of account you have signed up for you can only be charged an inactivity fee under certain circumstances. As part of a brokers regulation they are required to clearly disclose any inactivity fees.

Some brokerage firms may charge inactivity fees as compensation for maintaining your account on their expensive trading platforms, in an attempt to claw back revenue for the lack of commission fees from your trading.

FINMAX CFD review
FINMAX CFD Desposit Fees

FINMAX CFD does charge deposit fees.

Some brokers may charge a fee when you deposit funds from your payment method to your trading account. This is because the payment method which you use to fund your account may accrue a fee. The fee may be a fixed fee when you deposit a specific fiat currency to your account. For example fees are known to be high when depositing funds from a credit card. This is if your broker accepts funding your account via a credit card.

FINMAX CFD review
FINMAX CFD Commission Fees

FINMAX CFD does charge commission on CFD instruments.

A broker may charge a commission fee as a service charge for facilitating the buying and selling of financial assets through your trading account.

A brokerage may make most of their revenue from charging registered traders a commission fee on client transactions.

Commission fees can differ depending on the trading type, financial asset type and what level of trading account you have.

Broker commissions are charged if the brokerage fulfills an order, cancels an order or modifies and order on your behalf.

If a market order is not fulfilled by your brokerage usually no commission is charged.

Be aware that if your order is modified or canceled, your brokerage may charge a commission fee.

FINMAX CFD review
What can you trade with FINMAX CFD?

Be aware that Different entities under FINMAX CFD Brand offer different trading instruments due to regulatory restrictions. Trading instruments offered may differ based on the country of residence of the Client.

You can trade a wide variety of instruments with FINMAX CFD over 99 instruments infact.

If you are looking at trading currency pairs FINMAX CFD offer over currency pairs.

Compare FINMAX CFD with eToro and IC Markets below.

Your capital is at risk

How FINMAX CFD Trading Options Compare Against Other Brokers

Broker finmaxcfd eToro IC Markets XTB
Instruments Available 99 2000 232 4000
Platforms MT4,MT5 Web Trader, Tablet & Mobile apps MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac MT4, Mirror Trader, Web Trader, Tablet & Mobile apps
FX / Currencies        
Forex pairs offered 50 65 57
Major Forex pairs Yes Yes Yes Yes
Minor Forex pairs No Yes Yes Yes
Exotic Forex pairs Yes Yes Yes Yes
Cryptocurrencies (availability subject to regulation) Yes Yes Yes Yes
Commodity CFDs        
Commodities Offered 0 31 19 21
Metals Yes Yes Yes Yes
Energies Yes Yes Yes Yes
Agricultural Yes Yes Yes Yes
Indiced & Stock CFDs        
Stocks Offered 2042 110 1696
UK Shares Yes Yes No Yes
US Shares Yes Yes Yes Yes
German Shares No Yes Yes Yes
Japanese Shares No Yes Yes Yes
Risk Warning Visit FINMAX CFD
Your capital is at risk
Visit eToro
71% of retail investor accounts lose money when trading CFDs with this provider.
Visit IC Markets
Losses can exceed deposits
Visit XTB
82% 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.

FINMAX CFD review
Trading on FINMAX CFD web platforms and other applications

FINMAX CFD is one of the few brokers that offer both of the MetaTrader platforms; MT4 and MT5. To see how the two platforms compare, you can read our comparison of MT4 vs MT5 here.

FINMAX CFD also offer mobile apps, for Android and iOS making it easier to keep an eye on and execute your trades while you’re on the move.


See FINMAX CFD's platforms

FINMAX CFD review
Is the FINMAX CFD Trading Platform Secure?

FINMAX CFD safeguards the personal information of its clients through SSL encryption in its PC and mobile platforms. FINMAX CFD also urges its clients through its web platform to always look for the SSL security sign (a lock sign) o the browser while operating FINMAX CFD.

FINMAX CFD review
FINMAX CFD Trading Platform Options

Once you have logged into your FINMAX CFD account you will see the below trading platform options available to you.

  • MetaTrader 4 (MT4)
  • MetaTrader 5 (MT5)

FINMAX CFD does not offer the cTrader trading platform. You can find a broker that supports cTrader here

Lets explore each of these trading platforms in detail and what options FINMAX CFD gives you.

FINMAX CFD review
FINMAX CFD MetaTrader 4 (MT4)

FINMAX CFD MetaTrader 4

MetaTrader 4 also known as MT4 is the number one trading platform on the planet and has been in active use on financial markets since 2005. The MetaTrader 4 software delivers a feature-rich, user-friendly interface and an extremely customisable trading environment, designed to ful fill all of your trading needs and boost your trading performance. Charting functionality and advanced order management tools make certain you could monitor your positions quickly and economically.

Understand that the MetaTrader 4 (MT4) trading platform was developed primarily to trade Forex but you can also trade other types of financial instruments through CFDs and Spread Betting. You will not be able to trade Stocks, Indices, Commodities, ETFs, Futures on any MetaTrader 4 (MT4) platform unless they are CFD contracts or Spread bets. You will not own any underlying assets with CFDs or Spread bets as you are speculating on price movements with FINMAX CFD. You can learn more about the MT4 Platform here.

You can start using the MetaTrader 4 platform with FINMAX CFD in multiple formats including through an online web platform, Through a downloadable application for Windows PC's and Apple Macintosh computers. FINMAX CFD MetaTrader 4 is compatible with the latest macOS Mojave. FINMAX CFD allows traders to trade on mobile devices through Android and IOS devices like the iPhone.

Metatrader 4 Webtrader on FINMAX CFD

MetaTrader 4 is the most popular trading platform in the world as most and more traders begin to trade online Metatrader 4 is available as a web based application available through your web browser. MetaTrader 4 web software provides the same easy to use performance as the desktop version using advanced charting, a highly customisable trading environment, easy to access online trading tools and many different indicators. You can enjoy our Raw Pricing trading environment without a Dealing Desk from anywhere in the world.

Trade FINMAX CFD MetaTrader 4 on IOS Devices

You can download the FINMAX CFD app or also trade with FINMAX CFD through the MetaTrader 4 application on the Apple app store.

Download the Metaquotes MetaTrader 4 Program for free of charge from Apple's App Store. IC Markets customers have instant access to this Financial markets, with the ability to completely manage a Portfolio on the go.

Trade FINMAX CFD MetaTrader 4 on Android Devices

Andorid mobile devices and tablets are used by millions of people globally. FINMAX CFD provides its clients access to the MetaTrader 4 platform on Android supported devices so that customers can monitor the financial marketplace and trade directly from their Android-based Smartphones and tablets. The Android FINMAX CFD MetaTrader 4 Android application enable traders to make the most of multiple advanced trading features which enables them to monitor and trade Forex quickly on the go, simply and securely.

Trade FINMAX CFD MetaTrader 4 Trading Central

Trading Centrals Alpha Generation Indicators is a Bundle of three Major indicators including:

  • Analyst Perspectives - A go-to resource for leadership and key levels.
  • Adaptive Candlesticks - Identifies chart patterns which illustrate important changes in demand and supply.
  • Adaptive Divergence Convergence (ADC) - Much like MACD however useful at shorter lengths and provides more timely signs.

FINMAX CFD MetaTrader 4 Advanced Trading Tools

The FINMAX CFD advanced trading tools for MetaTrader 4 are aimed at improving the total trading experience and providing traders with a competitive advantage. FINMAX CFD offers access to 20 exclusive tools which includes feature rich trade execution & management programs, sophisticated notification alarms, messaging facilities, innovative market data & more.

Trade FINMAX CFD MetaTrader 4 MultiTerminal

MetaTrader 4 MultiTerminal provides a intuitive easy to use dashboard where traders can administer and supervise several trading accounts. MultiTerminal will let you manage over 100 Accounts simultaneously allowing you to place market orders, pending orders, view live market prices and track all accounts and equity at real time. All Trading accounts must be in on the same MetaTrader server. MultiTerminal doesn't support Automated Trading scripts like Expert Advisors.

FINMAX CFD MetaTrader 4 & MetaTrader 5 AutoChartist

FINMAX CFD Autochartist provides the world's first Market Scanner available for MT4 & MT5 using a non-trading Expert Advisor script. Scan markets for trading opportunities while viewing all symbols and time intervals from a single graph. Gone are the days of launching a lot of graphs on which you can't remember which currency you're taking a look at. Autochartist offers a simple user interface that can be customized to suite how you like to trade.

FINMAX CFD review
FINMAX CFD MetaTrader 5 (MT5)

FINMAX CFD MetaTrader 5

MetaTrader 5 also known as MT5 is a multi asset trading platform that provides a wide range of trading features and financial research tools, MT5 also allows the use of automated trading systems (trading robots) and copy trading. New features like additional timeframes and advanced charting tools can give you a competitive advantage in the financial markets.

MetaTrader 5 was released in 2010 and is the updated version of MetaTrader 4.

MetaTrader 4 was built specifically to trade Forex and CFDs, MetaTrader 5 on the other hand facilitates trading of Forex, Futures, Stocks, Algorithmic Trading, ETFs and Indices.

IC Markets MetaTrader 5 Instruments

IC Markets MetaTrader 5 Charting

You can learn more about the MT5 Platform here. You can also learn more about the differences between MT5 and MT4 here.

Trade FINMAX CFD MetaTrader 5 WebTrader

Access your FINMAX CFD MetaTrader 5 accounts from any web browser. It features a huge range of tools like additional timeframes and the most up to date technical indicators to give you all the trading resources you need to trade on and analyse the financial markets.

FINMAX CFD review
FINMAX CFD MT5 Buying and Selling

IC Markets MetaTrader 5 Buying and Selling

FINMAX CFD MetaTrader 5 on IOS Devices

FINMAX CFD MetaTrader 5 Can Operate on the and newer IOS devices like the iPhone and iPad. MetaTrader 5 requires a mobile internet connection or a connection to Wi-Fi. It's suggested that you upgrade the IOS MetaTrader 5 app regularly. New versions provide improved functionality and increased stability. FINMAX CFD MetaTrader 5 allows traders to look at market statistics of financial instruments traded in the market execution mode.

FINMAX CFD MetaTrader 5 on Android Devices

MetaTrader 5 for Android may be used on a Android smartphone or a tablet powered by the Android 5.0 or higher operating system. Additionally, to connect to FINMAX CFD trading server. Take the time to understand all of the Android MetaTrader 5 features. With Metatrader 5 for Android you can trade a selection of financial instruments at any time, in any place.

FINMAX CFD Metatrader Mobile Application Features

MetaQuotes the developers of Metatrader have listened to the feedback of their millions of users and have built the most popular mobile trading platform in the world. MetaTrader features include :

  • Financial instrument quotes
  • View in depth price charts of financial instruments
  • Manage trades and open positions
  • View your trading history
  • View market news
  • MetaTrader internal messaging
  • View and research market statics of FINMAX CFD financial instruments
  • Position opening and closing
  • Lookup symbols in the quotes section
  • Display of deals on graphs
  • Timeframe selection for graphs and charts
  • Additional vertical scaling of graphs
  • Capability to transfer accounts to other devices using QR codes
  • Information is available only if it's supplied by FINMAX CFD
  • Access the OTP generator through FaceID or fingerprint

FINMAX CFD MetaTrader 5 Advanced Trading Tools

FINMAX CFD MetaTrader 5 has many advanced trading tools for the more advanced users. Understanding these tools can give you a competitive edge.

  • Depth of market bids and asks
  • Price Data
  • Margin Calculation, Futures, Forex
  • Advanced Techincal Analysis
  • One click trading
  • Spreads
  • Futures
  • Trading Reports

FINMAX CFD Trading benefits :

  • Low min deposit

FINMAX CFD Trading Accounts Offered :

  • Demo account
  • Standard account
  • Islamic account

Can I try FINMAX CFD before I buy?

FINMAX CFD offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

Your capital is at risk

FINMAX CFD withdrawal and funding methods.

Please note that the list of FINMAX CFD payment methods below depend on the FINMAX CFD Entity and the Clients Country of Residence.

All available FINMAX CFD payment methods available to you can be found in your FINMAX CFD members area checked on the FINMAX CFD website.

FINMAX CFD offer the below funding payment methods. learn more about FINMAX CFD

FINMAX CFD Payment Methods

  • FINMAX CFD accepts Bank Bank Wire transfer
Broker finmaxcfd eToro IC Markets XTB
Bank transfer Yes Yes Yes Yes
Credit Cards No Yes Yes Yes
Paypal No Yes Yes Yes
Skrill No Yes Yes Yes
Payoneer No Yes No Yes
Neteller No Yes Yes Yes

*please note available FINMAX CFD and other broker payment methods depend on the clients country of residence.

How can I start trading with FINMAX CFD?

When opening a trading account with FINMAX CFD, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on FINMAX CFD trading platforms here.

Your capital is at risk

Performing trades with FINMAX CFD

FINMAX CFD allow you to execute a minimum of trade of $ 1. This may vary depending on the account you open. FINMAX CFD allow you to execute a maxium trade of varies.

As a market maker, FINMAX CFD may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically have larger capital and minimum trade requirements. Market makers typically have lower minimum deposit, smaller minimum trades requirements and no commission on trades.

As with most brokers, margin requirements do vary depending on the instruments.

FINMAX CFD Leverage and FINMAX CFD CFDs Explained

let's take a look at some of the basics of using FINMAX CFD leverage.

FINMAX CFD offer CFD which are a leveraged product for this example we describe ten times leverage.

So you have a ten thousand dollar position but you only tie up a thousand dollars a tenth of the value on your account. You have a situation where a small sum of money is controlling a much bigger financial position. This is your leverage.

So what effect does leverage have on your profits and losses well put simply it magnifies them in both directions.

FINMAX CFD leverage magnifies both profits and losses when trading.

Let's say for example you buy ten thousand dollars worth of General Electric (GE) using contracts for difference ( CFDs ) using the FINMAX CFD trading platform.

let's say General Electric (GE) rises 10% because its results are positive your position which was worth ten thousand dollars is now worth $11,000.

It's grown by $1000 10% in value this represents a hundred percent increase on the funds initially committed on your leverage CFD trade.

Our initital investment of ten thousand dollars for the trade and has made a thousand dollars in profit because the price is up ten percent.

The FINMAX CFD leverage goes both ways. If General Electric (GE) Falls 10% on week results your position which was worth ten thousand dollars is now worth only nine thousand dollars. It has fallen by a thousand dollars.

FINMAX CFD CFDs are typically used for short to medium term trades. For example FINMAX CFD intraday CFD trading. Although high risk because CFD trades are separate from the financial markets, a CFD trade can be more flexible than a traditional market trade where you own the underlying asset. CFD trades give access to CFD fractional shares, CFD international markets and CFD short selling. More advanced traders can also use CFDs to hedge.

Always be aware that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Your capital is at risk

Education resources at FINMAX CFD

To trade effectively with FINMAX CFD, it's important to get a have a good understanding of the FINMAX CFD trading tools and the markets. Make sure you make full use of all education tools. This includes eduction tools with FINMAX CFD and externally.

FINMAX CFD offer a good selection of educational resources. Spend some time reading up on how the markets and trading works, making active trades, active trading times, and managing risk.

Having an analytical approach may be a good way to approach trading with FINMAX CFD.

Take time to look around the FINMAX CFD platforms and train yourself to think more systematically and logically about the markets. It's a new skill-set for many, but it is what the market requires of you.

Customer Support at FINMAX CFD

FINMAX CFD support a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian.

FINMAX CFD have a D grade support rating because because sometimes the response was slow or our query wasnt answered. FINMAX CFD less customer support features compared to other brokers like live chat, phone and email support. email support and supports a limited amount of Languages. Live chat support supports a limited amount of Languages. Phone support supports a limited amount of Languages.

Livechat Support at FINMAX CFD

We tested the FINMAX CFD live chat and it works well. We sent messages to FINMAX CFD livechat through their app and website and recieved a response within 20 minutes. Sometimes there was no response.

We tested communicating with FINMAX CFD support in multiple languages in multiple countries. FINMAX CFD where able to resolve our customer issues.

Email Support at FINMAX CFD

We sent several emails to FINMAX CFD and answer times overall were excellent. The fastest response from FINMAX CFD was 4 hours and the slowest response was 5 days. Sometimes there was no response. Support response times may vary for you with FINMAX CFD, but this was our experience sending 10 emails at varying times.

The team resolved and answered our queries. Overall average email support from FINMAX CFD.

Phone Support at FINMAX CFD

We called FINMAX CFD and the call was answered very quickly. The call was answered in less than 5-10 minutes.

The FINMAX CFD phone support team were able to successfuly answer our questions and issues over the phone. We tested the multilingual FINMAX CFD team by calling in varying languages. FINMAX CFD made an effort to make sure our queries were answered.

Overall the phone support from FINMAX CFD was okay.

See how FINMAX CFD Support Compares Against Other Brokers

Broker finmaxcfd eToro IC Markets XTB
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Languages English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian English, German, Spanish, French, Italian English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish
Learn More Visit FINMAX CFD Visit eToro Visit IC Markets Visit XTB
Risk Warning Your capital is at risk 71% of retail investor accounts lose money when trading CFDs with this provider. Losses can exceed deposits 82% 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.

What you will need to open an account with FINMAX CFD

As FINMAX CFD is regulated by Financial Services Authority (FSA), every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:

Be aware Please kindly note that the expiration date of Proof of address document for different entities under FINMAX CFD Brand may be different.

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 3 minutes or so to complete the account opening process.

While you might be able to explore FINMAX CFD's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with FINMAX CFD you can visit the FINMAX CFD trading platform here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://finmaxcfd.com on January 23, 2021.

FINMAX CFD review
Is FINMAX CFD A Good Broker?

We spent over 3 months examining FINMAX CFD in depth. Although we found some very useful aspects of the FINMAX CFD platform that would be useful to some traders. Overall our feeling is that you would be better served with an alternative FINMAX CFD broker.

  • FINMAX CFD have a good track record of offering Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing.
  • FINMAX CFD has a history of over 13 years.
  • FINMAX CFD has a reasonable sized customer support of at least 10.
  • FINMAX CFD are regulated by Financial Services Authority (FSA). This means FINMAX CFD fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
  • FINMAX CFD have regulation from a Tier 1 reputable country.
  • FINMAX CFD has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
  • FINMAX CFD have an international presence in multiple countries. This includes local FINMAX CFD seminars and training.
  • FINMAX CFD are able to hire people from various locations in the world who can better communicate in your local language.

FINMAX CFD Risk Disclaimer

Your capital is at risk

FINMAX CFD review
FINMAX CFD not quite right?

If after reading this FINMAX CFD review, FINMAX CFD does not fulfill your needs check out these FINMAX CFD Alternatives.

Click here to view the best FINMAX CFD Alternatives

We have spent years researching the best alternatives to FINMAX CFD. Click the links below to learn more.

If you feel some of the above FINMAX CFD are not quiet what you are looking for or perhaps you would just like to see some alternatives. See our highly rated list of FINMAX CFD alternatives below.

FINMAX CFD review
Related FINMAX CFD Vs Comparisons

We have covered allot in this FINMAX CFD review, If you want to see how FINMAX CFD compares side by side with other brokers check out our FINMAX CFD Vs pages.

If you would like to see how FINMAX CFD stands up against other brokers you can read some of our FINMAX CFD comparisons below. We compare side by side some of our top rated FINMAX CFD versus comparisons. Read our indepth FINMAX CFD VS pages below.

FINMAX CFD review
FINMAX CFD Frequently Asked Questions

Read our detailed FINMAX CFD FAQ Section updated for 2021.

Can I try FINMAX CFD before I buy?

FINMAX CFD offer a demo account so you can try the FINMAX CFD platform with virtual trading before you put down a payment. Virtual trading with FINMAX CFD is zero risk. Learn more here

What funding methods do FINMAX CFD accept?

Please note that the list of payment methods below depend on the FINMAX CFD Entity and the Clients Country of Residence.

FINMAX CFD offer the following funding payment methods Bank Bank Wire transfer, among other payment methods.
Learn more here

Your capital is at risk

Is FINMAX CFD safe?

FINMAX CFD are considered safe as they are regulated by and checked for conduct by the Financial Services Authority (FSA). Any payments funded to FINMAX CFD accounts by traders are held in a segregated bank account. For added security FINMAX CFD use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Your capital is at risk

Is FINMAX CFD trading good?

FINMAX CFD is considered good and reputable to trade with FINMAX CFD. FINMAX CFD is used by over 10,000 active traders and FINMAX CFD users. FINMAX CFD offers Forex trading, CFD trading, Spread Betting trading, Social trading, and Share Dealing trading. Minimum deposit with FINMAX CFD is 0.

Is FINMAX CFD trading Legit?

FINMAX CFD was founded in Bulgaria in 2008. FINMAX CFD has been facilitating trade on the financial markets for over 13 years. FINMAX CFD offers clients Forex trading, CFD trading, Spread Betting trading, Social trading, and Share Dealing trading. All funds deposited to FINMAX CFD are held in segregated tier 1 bank accounts for security. FINMAX CFD is regulated by Financial Services Authority (FSA) so can be considered legit.

Is FINMAX CFD a good broker?

FINMAX CFD is overseen by the top tier financial regulators Financial Services Authority (FSA) so can be considered a good broker. FINMAX CFD allows Forex trading, CFD trading, Spread Betting trading, Social trading, and Share Dealing trading.

Is FINMAX CFD trustworthy broker?

FINMAX CFD can be considered trustworthy. All money funded to FINMAX CFD is placed into a segregated tier 1 bank account. this means your money in not held by FINMAX CFD directly but a tier 1 bank. The broker has no direct access to your funds so cannot misappropriate your money. Also FINMAX CFD is regulated by Financial Services Authority (FSA).

What is the minimum deposit for FINMAX CFD?

The minimum deposit to trade with FINMAX CFD is 0.

How long do FINMAX CFD withdrawals take?

Withdrawing money from FINMAX CFD processing time varies but averages 2-5 days.

Is FINMAX CFD regulated?

FINMAX CFD is regulated by Financial Services Authority (FSA). Regulatory bodies conduct regular reviews and audits as part of FINMAX CFD maintaining their regulatory status. You can learn more about these reviews on the regulator websites.

Is FINMAX CFD a market maker?

FINMAX CFD is a not a market maker. A market maker speeds up trading as a market maker will purchase your stocks and commodities even is a buyer is not lined up.

How can I start trading with FINMAX CFD?

When opening a trading account with FINMAX CFD, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on FINMAX CFD trading platforms here.

Is my money safe with FINMAX CFD?

FINMAX CFD is regulated by Financial Services Authority (FSA). One of the most important criteria for traders when choosing a broker like FINMAX CFD is the regulatory body and regulatory status of the broker. Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to FINMAX CFD, this will be honored. If they violate any regulatory rules their regulated status can be stripped.

Is FINMAX CFD a con?

FINMAX CFD is regulated and well established having been in business for over 13 years. FINMAX CFD is definitely not a con.

Can you make money with FINMAX CFD?

Although traders have had great success with FINMAX CFD. Trading on the financial markets with FINMAX CFD is not a get rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading your chance of success will greatly increase. Never trade with money you cannot afford to lose. Your capital is at risk.

Does FINMAX CFD have fees?

FINMAX CFD withdrawal fees varies on payment method. FINMAX CFD does charge a fee for inactive accounts. FINMAX CFD does charge deposit fees.

When was FINMAX CFD founded?

FINMAX CFD was founded in 2008.

How many people use FINMAX CFD?

FINMAX CFD is used by over 10,000 registered FINMAX CFD users.

What is FINMAX CFD Headquarters country?

FINMAX CFD has its head quarters office in Bulgaria.

Does FINMAX CFD offer negative balance protection?

FINMAX CFD does not offer negative balance protection. With Negative balance protection means traders cannot lose more money than they have deposited.

Does FINMAX CFD offer guaranteed stop loss?

FINMAX CFD does not offer guaranteed stop loss. With guaranteed stop loss protection risk is managed. Traders are guarenteed to close your trade at your specified price. Stop Loss orders are guaranteed only during market hours and under normal trading conditions.

Does FINMAX CFD allow scalping?

FINMAX CFD does not offer scalping.

Does FINMAX CFD allow hedging?

FINMAX CFD does not offer hedging.

Does FINMAX CFD offer CFD trading?

FINMAX CFD offers CFD trading.

Does FINMAX CFD offer STP?

FINMAX CFD does not offer STP trading.

How many people use FINMAX CFD?

FINMAX CFD is used by over 10000 FINMAX CFD users and traders.

Is FINMAX CFD an ECN broker?

FINMAX CFD does not offer ECN trading.

Does FINMAX CFD offer a demo account?

FINMAX CFD offers a demo account.

Does FINMAX CFD offer an Islamic account?

FINMAX CFD offers a Islamic accounts.

What are the funding methods for FINMAX CFD?

Please note that funding methods available with FINMAX CFD can be found in the FINMAX CFD Members area and depend on the FINMAX CFD client’s country of residence. Please check your specific available payment methods on the FINMAX CFD website. FINMAX CFD accept the following funding methods : Bank Bank Wire transfer.

FINMAX CFD review written by Andrew Blumer and Mark Hansen

We hope you found our review of the FINMAX CFD brokerage firm useful.

This article was written by our financial editor Mark Hansen and Andrew Blumer.

Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years experience in financial analysis, forecasting, financial modeling idenifying new market opportunities in Stocks, CFD's, Forex and Commodities.

Andrew has a well-established career in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible.

Whether you want to trade Forex, Stocks, Commodities or Indices we will help you find the best online broker for you from 400+ brokers for clients based in the UK, Europe, Asia, South Africa and Australia.

FINMAX CFD review written by Mark Hansen of Comparebrokers.co