FINMAX CFD Review 2020

FINMAX CFD Rated 3/5
learn more Learn more about eToro. 75% of retail investor accounts lose money when trading CFDs with this provider.
FINMAX CFD Screenshot

FINMAX CFD Guide

FINMAX CFD are an online broker founded in 2008 offering Forex trading trading, CFD trading trading, Spread Betting trading, Social trading trading, and Share Dealing trading.

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

FINMAX CFD have a listed stock symbol. This means that FINMAX CFD have publically listed and you can officially buy shares in FINMAX CFD on one of the worlds global market exchanges.

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

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. In our review of FINMAX CFD we break down 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.

Benefits of trading with FINMAX CFD

Open FINMAX CFD's Website

Your capital is at risk

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

With this 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 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.


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 12 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.

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.

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.

Broker finmaxcfd eToro IC Markets Trading212
Year Established 2008 2006 2007 2006
Head Office Bulgaria Cyprus, UK Australia UK
Regulation Financial Services Authority (FSA) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), Financial Supervision Commission (FSC)
Used By 10,000+ 12,000,000+ 60,000+ 14,000,000+
Negative balance protection No Yes Yes
Guaranteed Stop Loss No No Yes
Learn More Visit FINMAX CFD Visit eToro Visit IC Markets Visit Trading 212
Risk Warning Your capital is at risk 75% of retail investor accounts lose money when trading CFDs with this provider. Losses can exceed deposits CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% 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 Pros and Cons

What we like about FINMAX CFD

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

What we don't like about FINMAX CFD

FINMAX CFD Financial Regulation and Supervision 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 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.

FINMAX CFD is 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 General Fees

  • FINMAX CFD withdrawal fees varies on payment method
  • FINMAX CFD does charge inactivity fees
  • FINMAX CFD does charge deposit fees
Broker finmaxcfd eToro IC Markets Trading212
Min Deposit 0 200 200 1
Withdrawal Fees varies Yes No No
Inactivity Fees Yes No No
Deposit Fees No Varies No
CFD Commission Fees No Yes No

FINMAX CFD Commissions

  • FINMAX CFD does charge commission on CFD instruments.

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

Broker finmaxcfd eToro IC Markets Trading212
Instruments Available 99 100 232 3000
Platforms MT4,MT5 Web Trader, Tablet & Mobile apps MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac Web Trader, Tablet & Mobile apps
FX / Currencies Visit FINMAX CFD Visit eToro Visit IC Markets Visit Trading 212
Forex pairs offered 50 65 177
Major forex pairs Yes Yes Yes Yes
Minor forex pairs No Yes Yes Yes
Exotic forex pairs Yes Yes Yes Yes
Cryptocurrencies Yes Yes Yes Yes
Commodity CFDs Visit FINMAX CFD Visit eToro Visit IC Markets Visit Trading 212
Commodities Offered 0 0 19 14
Metals Yes Yes Yes Yes
Energies Yes Yes Yes Yes
Agricultural Yes Yes Yes Yes
Indiced & Stock CFDs Visit FINMAX CFD Visit eToro Visit IC Markets Visit Trading 212
Stocks Offered 957 100 1731
UK Shares Yes Yes No Yes
US Shares Yes Yes Yes Yes
German Shares No Yes Yes Yes
Japanese Shares No Yes Yes Yes

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 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

FINMAX CFD withdrawal and funding methods.

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 below funding payment methods. learn more about FINMAX CFD

  • Credit cards
Broker finmaxcfd eToro IC Markets Trading212
Bank transfer No Yes Yes Yes
Credit Cards Yes Yes Yes Yes
Paypal No Yes Yes Yes
Skrill No Yes Yes Yes
Payoneer No Yes No
Neteller No Yes Yes No

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.

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 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 trading.

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.

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 Trading212
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, and Italian English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more English, Deutsch, Nederlands, Espanol, Francais, Italiano, Polski, Srpski, Norsk, Svenska, Cesky, РУССКИЙ, Romana, Turkce, العربية, 中文
Learn More Visit FINMAX CFD Visit eToro Visit IC Markets Visit Trading 212
Risk Warning Your capital is at risk 75% of retail investor accounts lose money when trading CFDs with this provider. Losses can exceed deposits CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% 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 their website 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 12th August 2018.

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 12 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 not quite right?

Check out these 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.

Related FINMAX CFD Comparisons

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 some indepth FINMAX CFD VS pages below.

FINMAX CFD Frequently Asked Questions

Can I try FINMAX CFD before I buy?

FINMAX CFD offer a demo account so you can try before you put down and payment. 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 accept Credit cards, 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.

Is FINMAX CFD trading good?

FINMAX CFD is considered good and reputable to trade with. FINMAX CFDFINMAX CFD is used by over FINMAX CFD active traders. FINMAX CFD offers Forex trading trading, CFD trading trading, Spread Betting trading, Social trading 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 12 years. FINMAX CFD offers clients Forex trading trading, CFD trading trading, Spread Betting trading, Social trading 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 trading, CFD trading trading, Spread Betting trading, Social trading 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).

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 12 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 inactivity fees. 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 10000 registered traders.

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 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?

FINMAX CFD accept the following funding methods : Credit cards,

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