Finmax Review and First impressions
Finmax is one of the leading binary options brokers in the European region and worldwide. The broker has managed to get a good position particularly due to its intuitive platform and the way it treats the clients – when you feel the personal approach coming from the broker’s team, you really enjoy this experience.
Finmax is licensed by the FMRRC, which is the abbreviation for the Russian Financial Relations Regulation Center – a Russian agency that is quite severe, which is good news for traders.
One of the specific things that traders like refers to the bonuses. Finmax has more promotions and binary options bonus packages, the latter differing based on the account type you choose. For example, if you fund your account with $250 (Bronze), you can a bonus get up to 25% of your deposit, and if you fund your account with $5000 (Gold), your bonus can reach 75%. The 100% bonus is also available, but only for those who open the Platinum VIP account type.
The bonuses can be used for trading and cannot be withdrawn right away. You should better read the conditions on their official site – we can say they’re not such different when compared to other reputable brokers.
The risk free trade is also a great bonus-like option available for new clients.
Finmax can boast with a high quality trading platform that works without errors and is quite functional. The system is a little sophisticated, with additional features that are not present on other platforms – technical analysis indicators, more chart types to choose from, different visualization modes, etc. We would say this is a big step forward for the broker.
Of course the mobile version could not be missed – you can get it on your iOS, Android or Windows Mobile device. It does a great job the same as the PC version.
Among the greatest features the broker has to offer, Finmax trading signals should be mentioned first – these can truly support your trading decisions by offering accurate hints related to the entry points and price directions. The signals are available starting with the Silver account.
Social Radar is another unique feature that is particularly aimed at beginners – they can monitor professional traders directly on the website and copy their trades and strategies. This concept is known as social trading.
Our final verdict for Finmax is quite generous – we were truly impressed by its capabilities. With a wide list of assets (clients can choose from around 90 assets to trade – Forex pairs, stocks, indices, commodities and other trading tools), free demo account, safe and multiple payment methods, education materials, great customer service, segregated accounts safety feature, and more such great stuff, we think this may be a good suit for both beginners and experience binary traders.
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What makes Finmax a great platform to do your trading is the various trading instruments they have to ensure success for their traders. One example is the social radar where you can follow the platform’s most successful traders and learn from them. I also appreciate the trading signals they provide which help you make informed decisions which pairs to invest in.
Finmax is generous with the education they provide their traders. They have a free regular webinar conducted by seasoned traders who give a lot of insights and helpful tips to make your trading successful. The tools and support are also priceless – I was never wrong to choose Finmax.
Finmax not only provides trading signals but also strategies to ensure success of their traders in every way.
I made a lot of comparisons and research before choosing Finmax. I’m glad I chose the platform. They are very transparent in dealing with their traders and gives a lot of support.