Learn all pros and cons of trading with the FinMax broker

Binary options and CFDs are one of the easiest derivatives to understand. These instruments depend on the correct prediction of price movement. If the price forecast is accurate, a trader received a payout. If the prediction is wrong, a trader loses all the money spent on buying the option. On the one hand, the popularity of binary options and CFDs is constantly growing in different parts of the world as they allow getting profit in a relatively short period of time. On the other hand, successful trading largely depends on the correctly chosen intermediary. This FinMax review is aimed at acquainting you with the main benefits the trading platform offers to private investors.

This binary options broker FinMax appeared only a few years ago - in 2015. The company is a subsidiary of Morris Processing Limited. The FinMax broker is registered in the UK and is headquartered in London. It also has an operational office located in Sofia, Bulgaria.

A distinctive feature of the broker is a wide range of settings for binary options trading. So, FinMax is one of the few brokers that offers options with expiration from 30 seconds to up to 6 months. More than 75 types of binary options and 1000 CFDs are available for trading -stocks, commodities, indices, and currency pairs. For those who want to make a profit in digital currencies, the broker offers the opportunity to trade binary options on digital coins. You will not need to buy and sell cryptocurrency. The profit or loss on each option will be a fixed amount.

The advantage of the company is the availability of a modern trading platform, which helps not only to quickly place bids, but also to effectively analyze the market.

FinMax has only a certificate from the International Financial Markets Regulation Center (IFMRRC). It is an independent authority whose main task is to monitor and supervise the activities of brokers and dealing centers.

A well-thought-out registration form also allows you to verify your identity. You need to be verified for smooth money withdrawals.

The broker offers an innovative platform that provides access to FinMax MetaTrader 5. The company's specialists took an active part in its development, taking into account the latest trends. As a result, you can enjoy a multi-functional trading terminal with a completely transparent system for opening and closing deals and the expiration of transactions.

The web version of the FinMax trading platform works in all browsers. The online terminal window displays:

Trading with FinMax is facilitated by the availability of trading signals. Based on this information, you can determine the best moment for entering a position in a certain direction.

A special feature of this platform is Social radar. It is a unique opportunity to make money for those who cannot yet afford large investments and are forced to work with a minimum deposit. Social radar is an indicator that reflects the percentage of other traders who have made a particular trade. That is why such trading is called social trading. For example, in the near future there will be an increase in the dollar exchange rate. Accordingly, most traders will begin to enter into contracts and buy binary options that reflect the growth of this currency. Therefore, a novice trader who uses social radar, in most cases, will make a profit by concluding a deal according to the principle of social trading. In simple words, he will simply copy the contract of more experienced colleagues. Social radar is a very useful feature for novice users. It allows you to make a profit almost from the first day of trading.

The broker also supports mobile trading. FinMax app is supported by all major mobile operating systems. In terms of functionality, the mobile terminal does not differ from the stationary one, therefore, to participate in the auction, you only need a stable Internet connection.

Finmax accepts several payment methods:

Depending on the method you choose, it will take from a few minutes to one-two days to deposit funds into your account. You need to top up your account with $ 250 to get started. Withdrawal requests are processed within a period of 24 hours to 5 days. You can deposit funds without a commission, but for withdrawals, a commission in the amount of 0.9%--3.5% will be deducted from you. It should be borne in mind that the minimum withdrawal amount to a bank account is $250 or an equivalent amount in another currency. Moreover, FinMax has an inactivity fee. So, for example, if you do not make any transactions for more than two months, the broker will charge you a service fee of $25 per month. Also, if you have less than $5 on your trading account, and no transactions have been made within 1 month, then the entire balance will be nullified.

The FinMax bonus offer depends on the type of your trading account.

It can reach from 25% (for bronze accounts) and to 100% of your deposit amount (VIP accounts). But you will need to achieve a certain amount of turnover in order to withdraw funds from your account. In the case of FinMax, the turnover must be 40 times the bonus amount.

Unlike most online brokers, FinMax does not block your funds in exchange for using bonuses. This means that you will be able to get your profits even if you have not reached the necessary turnover so far. However, there are several nuances - in this case, you will lose all your bonuses and all the profits made with the bonus funds.

A lot of brokers have a separate section devoted to training. It allows novice traders to learn more about binary options trading. Training in this area is extremely important as various strategies can make your activities more fruitful. FinMax online platform has a lot of educational materials:

The broker is ready to answer all questions traders may have while working with the platform. You can also send your recommendations and suggestions using the following communication channels:

The broker practices a personalized approach to everyone who joins the site – right after the registration, you will be provided with a personal manager. You can contact this specialist to clear out all the questions concerning platform performance, deposits and withdrawals of funds and much more. Unfortunately, the broker is not present in social networks at the moment.

The broker offers a profitable affiliate program - WOW Partners. Partners are offered several models of cooperation to choose from - a CPA model or profit sharing using the RevShare system. WOW Partners guarantees a completely transparent remuneration scheme.

To get started with affiliate programs, you do not necessarily need to start your own website. Most programs for generating good income without a website advise promoting the offer through social networks, groups, direct mailings.

FinMax Forex broker has been operating for 6 years on the market, and during this time, it has received enough recommendations from honest traders as an affordable and profitable platform. The broker has done a good job creating several types of accounts, each targeting specific traders. The platform is easy to use and available on both computers and mobile devices. However, the broker still needs some improvements, for example, an increase in the number of available trading instruments. So, if you are planning to open a trading account, a FinMax broker is worth giving a try.