Top Options
78%/ 100
Payout: 95%
Min Deposit: $250
Min Trade Amount: $5
US Clients:
Max Trade Amount: $1000
Number of Assets: 100+
Free Demo Account:
Trading Platform: web, mobile
Types of assets: Currencies, Stocks, Indices, Commodities
Payment METHOD NAME Charge Time

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Full Review

Finmax offers binary options on a wide range of products. The website is owned and operated by Morris Processing Ltd in London with an operational office in Sofia, Bulgaria. All transactions between you and the company take place in Cyprus where the company’s principal servers are located. Fimax uses the platform Trade Smarter and the quotes provider is Leverate.

Why Choose Binary Options?

Finmax offer binary options on a wide range of asset groups, from Forex currency pairs, stocks, indices and commodities.

The main draw of binary options is the fixed risk; you cannot lose more than you have invested. If you invest $5 in an asset, the maximum lose you will have with a wrong forecast will be $5. These are truly unique conditions. In Forex, with a wrong forecast and without proper fund management, a trader can lose all his investment.

Additionally, binary options offer the user the potential for very quick profits. A trade’s expiry time ranges from 30 seconds (short time trade) to one year (long time trade). This means that you can make up to 90% from your original investment in just a few seconds.

Another reason why binary options are popular is for their simplicity. Binary options only have a few parameters to choose from; choice of direction, underlying asset, expiration time and investment amount. After you choose those the only thing you have to do is wait for the trades expiry time.

Finmax Overview

Finmax provides a unique trading platform developed by leading traders.There are desktop and mobile platforms available. The mobile platform is identical to the terminals that are available for desktop PC’s and laptops. However, it is fully adapted to mobile devices, which allows you to trade with comfort from any location, where-ever you are, if your device is connected to the Internet.

The main advantage of Finmax is the trader’s educational system. This gives you access to e-books, videos, webinars and all the information needed for successful trading. In addition to training, Finmax provide analytical tools, market reviews, economic calendar and news.

Finmax pride themselves on complete transparency of all transactions. Each trader is in control of his or her trading account. All transactions on the website are completely transparent.

They also provide professional customer support 24/7.  Contact phone numbers are provided for offices in Sofia, London, Cyprus, Australia and Toronto.

Bonuses

Finmax offers several bonuses for new and existing customers.

Firstly, they provide all new customers the possibility of making the first trade without any risk. The amount of the trade can be up to $1000. This means users get a complete refund on their first investment in case it expires out of money. When the trade expires out-of-money, the investment amount is automatically added back to the trader’s balance without the necessity of contacting the customer support team.

The second bonus is applied to new and existing customer’s deposits as follows:

Deposits from $250 to $999 receive up to 25% bonus.

Deposits from $1000 to $5000 receive up to 50% bonus.

Deposits from $5000 to $25,000 receive up to 75% bonus.

Deposits of more than $25,000 receive up to 100% bonus.

The bonus program is a system which helps encourage both new and existing customers of the company. It is transparent and you will be able to see the volume of trades that must be performed to achieve the required targets in accordance with the program of granting real time bonuses. You will also be able to see what happens if you are trying to withdraw your funds without meeting the required bonus program’s target for the amount of trades.

Types of Account

Finmax make it very easy to open an account.  The minimum deposit is $5 and you can deposit and start trading within a few minutes. Withdrawals take more verification, but I will cover that later.

There are four types of account, with ‘Bronze’ being the most basic. A Bronze account lets you trade more than 75 assets, gives you up to 25% bonus on deposits and access to education courses. You will also have an account manager and the first withdrawal is free.

Silver, gold and platinum accounts have added features and are accessed with larger deposits. The full platinum account gives you access to two senior analysts with a manager available 24/7. You will also get up to 100% bonus on your deposit and withdrawals are free and processed within 24 hours.  Additional perks come from access to VIP webinars, daily analytics, fundamental and technical analysis and unlimited access to trading signals.

Deposits and Withdrawals

To fund your FinMax broker account you can use credit card, bank transfer, or a variety of e-payment methods. Money in your account is secured by multiple firewalls and it is kept separate from the funds of the company.

To make a withdrawal you must verify your account with a valid identification. Withdrawal takes up to five working days if your account is verified. For VIP accounts withdrawal takes up to 48 hours.

Assets Available to Trade

Binary options can be taken on a variety of asset classes at different times of the day. Stocks include US favourites such as Apple, Amazon, Google and European stocks such as Barclays, BMW and VW.

Indices include the Hang Seng and the Dubai Index, as well as the usual US and European favourites.

All the main Forex pairs can be traded as well as commodities such as oil, gold and copper.

Social Trading

Finmax offers a new option called “Social radar”. This unique app is available to all clients using the trading platform. It allows you to spot the performance of the leading traders and to set certain limits for a trade.

With the help of this system your chances of success can increase significantly. It can be especially useful for beginners, who have little to no experience using the platform and market analysis.

Additional Information

More information can be found at finmaxbo.com or by emailing Finmax at [email protected]. The main office can be contacted on +359 (2) 491-36-24.