Finmax (Finmax) is a binary options broker. Review, reviews, login to the official Finmaxbo website

FinMax is a binary options broker created by professional traders. It is this main feature of Finmax that distinguishes it from other companies. The team of traders created the trading platform primarily for themselves, trying to eliminate all the shortcomings of competitors and add new features for maximum convenience. The result is a convenient trading platform with a large selection of trading assets. Reviews about FinMax spread across the Internet at warp speed, and the company attracted a record number of professional traders in its first months of operation.

Detailed information Finmax

Support

The main task of its employee is to help the client solve a problem or answer a question that arose while working with the platform. The coherence and efficiency of consultants are considered an advantage of the company, working for its image, because a client whose problems are left unattended is unlikely to want to continue cooperation.

Contacts for technical support

On the FinMax website, technical support is available from 08:00 to 20:00 every day, and you can contact it by phone, email, or by leaving a request in the “LiveChat” form. Contacting the service is free and you don’t even need to register on the site to ask a question.

Review of Finmax personal account

After registering on the Finmax website, the trader is taken to the balance replenishment page. Initially, you can work on a demo account, so there is no need to immediately deposit funds. To call up the main menu of your personal account, click on the user name in the upper right corner.

Let's look at the options of your Finmax personal account in more detail. As you can see in the figure, the main menu has 2 tabs: “Options” and “CFD”. Switching between these tabs allows you to switch from an options trading platform to CFD trading. To enter the trading environment, just click the “Trade” button or click on the green “Start Trading Now” button. In the “Account Settings” section you can perform the following actions:

• Edit profile;
• upload identification documents, place of residence and payment details - passport, international passport, driver's license, official ID, credit card, utility receipt, deposit application, etc. The file size should not exceed 8 MB;
• change password;
• send a request to delete an account;
• read and accept the terms of the privacy policy, and also indicate with which third-party organizations the client can exchange data.

In the “Notification Settings” section, you can enable or disable receiving newsletters, information about promotions, webinars and strategies at any time. If you encounter problems with mailing, you can always contact customer service.

In the Finmax broker’s personal account menu, you can switch to trading through a demo account; to do this, just click on the orange “Switch to demo account” button. The sections “Top up your account” and “Make a withdrawal” will be written in detail in the next block, while we describe the remaining functions of the client account:

• Wallet – information is provided about the current balance, as well as finances invested in option trading;
• Transfer of funds – the function of transferring funds from one wallet to another;

  

• Transactions – this section presents the history of transactions for replenishing a deposit and withdrawing profits from the Finmax broker account;
• My trades – the history of all options trading operations that the trader has ever concluded is presented;
• Execution prices - this section shows the cost of any financial instrument, at any time of the day for the last two years. This information is needed in case of disputes between the broker and the client;
• List of assets - here is a complete list of assets available for trading and the time at which they can be traded on the website of the binary options broker Finmax.

In general, learning the functions of your personal account can take no more than 5 minutes, since it is easy to navigate and does not have oversaturated functionality.

Education

Traders with any level of training, including beginners, can start trading with the FinMax broker. It is for the latter that the company offers an advanced and thoughtful training system that includes all the main aspects.

The entire training course with the FinMax broker is structured in such a way as to give the trader as much useful information as possible and help him start making money on binary options. During the preparation process, the company's clients learn what binary contracts are, how to trade them and receive basic theoretical skills.

Subsequently, you can move on to studying technical analysis, which is the basis of the fundamentals of binary trading. More experienced traders are offered video materials that will help them better manage risks and capital, as well as make trading more systematic.

All clients of the company can receive an e-book, which also covers all the main aspects of trading from “A” to “Z”. And for those who want to better understand the proposed material, a special glossary of financial terms that are used in trading has been created.

An interesting feature of the FinMax broker training system is the presence of a special scale that demonstrates progress in training. Thus, the company’s clients can monitor what stage of training they are at.

How to deposit and withdraw money from Finmax

To top up your Finmax account , just click the red “Top up account” button in the client account in the menu.

In a new window, you need to select a platform, decide on the replenishment method, depending on the chosen method, specify the details (bank name, e-wallet number, account currency) and enter the required replenishment amount. The system automatically determines the number of possible bonuses that the broker can award along with the replenishment amount. If a trader does not want additional bonuses to be awarded to him, then he should check the box next to the phrase “Cancel bonus”. When the details are entered, you can click the “Transfer” button. A bank transfer arrives in the account within 3 business days, through the Coinpayments system funds are credited within an hour, and in other cases it happens instantly.

To withdraw profits from your Finmax account , you must undergo account verification. To do this, in the appropriate section of the personal account, identification documents, confirmation of the actual place of residence, which can be a receipt for utilities, as well as a scanned copy of both sides of the bank card are uploaded, in the event that the client will use this payment service.

After sending an application for withdrawal of profits to the financial service, the period for its consideration does not exceed 5 working days. For VIP clients this time can be reduced to a day.

Verification

Confirmation of the identity of an individual when active in financial markets is a mandatory requirement of international law. In accordance with the internal regulations of the FinMax company, access to the trading terminal will be provided to the user after confirming contact details and completing registration. The broker reserves the right to request confirmation of the client's identity. To do this you will need to provide:

1. Scan of the passport spread and registration page.
2. An extract from a bank account or a photo of a receipt for payment of utility bills. This is necessary to confirm the client’s actual residential address. As an alternative, a lease agreement may be provided indicating your full name and address.

Typically, the need for identity verification arises as a result of successful trading over several months.

Finmax trading platform review

The Finmax trading platform does not require installation of additional software on the user’s personal computer; it is launched directly through any browser immediately after registration on the site.

It is made in gray and black tones, which allows you not to strain your eyesight even during long auctions. On the Finmax platform you can trade two types of options:

• Up/Down – a classic type, when trading which you need to predict in which direction the price chart will go at the time of expiration in relation to its current state;
• Above/Below is a subtype of classic contracts, when trading you need to tell whether the price chart will go above or below the value specified by the trader.

Switching between option types is done in just a few clicks.

At the top of the price chart there is a panel for selecting a financial instrument. You can use a horizontal list or use a search by category: currencies, securities, raw materials, indices, cryptocurrency.

Directly below this panel there is a field similar in appearance with setting the contract expiration time. It can be selected from 30 seconds. up to six months.

Depending on the expiration period, the Finmax broker also sets the profitability of the option; its maximum value can reach up to 90%.

At the bottom there is a working field of the chart, which displays quotes and information regarding trades of an official nature: contract expiration date, underlying asset, choice of traders, etc.

This chart does not expand to full screen, but it is possible to increase the visible area with the history of price movements. The price chart can be displayed in the form of curves, areas or Japanese candlesticks, it is possible to select time frames and apply technical analysis tools. Transactions in progress with detailed reporting for each of them are displayed below the price chart. You can quickly move from open to closed positions. On the left side there are tabs with educational videos from the options broker Finmax, social trading and signals, and the right side is exclusively related to making transactions.

VIP trader status with broker Finmax

A VIP account on this platform offers the user more earning opportunities and the most comfortable working conditions, from an expanded list of assets to accelerated withdrawal of funds from the deposit. To obtain status, you need to fund your account with at least $100,000, which is a fairly large amount even for experienced and successful traders. But even if you have the required amount, you need to carefully plan expenses and draw up a detailed financial plan for a long period. This is the only way to avoid losing your deposit on unsuccessful transactions, gradually increasing it through thoughtful steps.

You can also do this by taking advantage of the Finmax welcome bonus, which reaches 100%. But in this case it will have to be worked out 35 times. Receiving a bonus increases the amount of working capital and opens up additional opportunities for making more transactions. That is, a trader can increase his income several times and create a “safety cushion” in case of a major loss.

In addition to the 100% bonus, the VIP user gets full access to the functionality of the system, which he can use to trade options or CFD contracts on any assets. He will have access to webinars by the company’s best specialists, an information base on fundamental and technical market analysis, educational video courses, as well as individual daily market analytics.

Using the entire available list of assets, a trader can form profitable investment portfolios, receiving income with minimal risks and increasing the turnover of equity capital. For VIP users, the company guarantees a 6% return on the deposit from each transaction, as well as the opportunity to take advantage of a risk-free transaction - up to 50% of the account amount. Each VIP client is assigned a personal analyst, ready to give advice on the market situation or specific assets 24 hours a day, 7 days a week. Thanks to this service, the trader receives unlimited opportunities for trading binary options and CFD contracts on the platform.

Advantages of CFD contacts and features of their use

How to trade on the Finmax options platform?

The principle of concluding a transaction on the Finmax platform is quite simple.

Immediately after registering on the official Finmax website, a trader needs to follow the standard steps in order to purchase a contract:

• select the type of contract;
• select the underlying asset;
• indicate the expiration date of the option;
• select the invested amount and enter it in the appropriate window;
• Next, the trader determines where the price will go at the time of expiration of the contract: if he thinks that it is up, then he presses the big green “Up” button (buying a Call option); if the trader expects the value of the asset to decrease, he presses the red “Down” button (purchase Put -option);
• Next, the amount that the trader is willing to invest in purchasing the option is set; you can also use the hot buttons (+5, +10, +50, +100) and immediately set the appropriate investment amount;
• To complete the purchase, you need to additionally click on the “Buy” button; this is done in order to protect the trader from accidentally pressing the “Up” or “Down” buttons.

Trading experience on Finmax

The easiest way to understand the principle of concluding transactions on Finmax is with a clear example. First, go to the trading platform and select the “Up/Down” option type. From the list of available assets, select GBP/JPY.

Broker Finmax allows you to trade short-term contracts with an expiration date of less than a minute, which means that you can get a good income in just a few seconds. We select the expiration date of the option at 60 seconds. When the value of the selected asset has reached a strong resistance level in a downward trend, we invest $40. and we assume that it will continue to go down.

After 60 sec. Pay attention to the movement of the price chart, it really went down.

When investing 40 USD and the yield on the purchased option was 65%, the profit on a successful transaction amounted to 26 USD. Final balance – 66 USD in just 1 minute.

Trading conditions of binary broker Finmax

Clients of the binary options broker Finmax have the opportunity to open any of 5 trading accounts, each of them differs in the size of the starting deposit and a set of additional privileges. We list the general conditions for all types of accounts on Finmax:

• The account currency can be American dollar, euro, Russian ruble and milbitcoin;
• the minimum initial deposit is $100;
• minimum transaction size – $5;
• maximum contract value – $5000;
• option execution period is from 30 seconds. up to 6 months;
• a demo account with 1000 virtual units on its balance; they can be used to test your knowledge or to check the effectiveness of the developed tactics;
• All clients are provided with a high-quality training system, including not only video courses and electronic literature, but also webinars conducted by the company’s leading specialists;
• there are many methods for withdrawing profits;
• There are useful analytical tools that can help you make quality forecasts.

Optimal deposit and money management of a trading account

The optimal trading account size for Masterforex-V depends on the trading lot. If you want to open a trading deposit in the amount

• up to $300 - this is only a cent account for 0.001 lots;
• from $1000 – trade 0.01 lot (all Forex brokers have this option);
• from $10,000 – trade 0.1 lot (the same with all Forex brokers).

More details:

• Win-win accounts of Masterforex-V traders and their strategies.
• Leverage: Internet misconceptions and Masterforex-V assessments.
• Money management MasterForex-V: how to get maximum profit on Forex with minimal risk

Cryptocurrency trading

Finmax keeps up with the times and offers its clients the newest and most popular methods of investing their own funds. It is quite natural that with the advent of digital currencies, this financial instrument immediately became available to clients of the Finmax broker. Firstly, it has become possible to purchase options on such underlying assets as Bitcoin, Litecoin, Millibitcoin, Ethereum and their derivatives with the euro. Secondly, it became possible to open accounts in milbitcoins, top up the balance and withdraw profits in digital currency.

Conclusion and review of Finmax

To make a final conclusion about whether you should trust the Finmax broker, you must definitely study reviews about it from existing clients. As a detailed analysis of comments about the company on trading forums showed, clients like the quality of the trading platform and the guaranteed withdrawal of profits.

Screenshots of Finmax reviews:

Traders are attracted to the broker by many additional services: signals, social trading or risk-free transactions. A detailed analysis of Finmax’s activities showed that the company does not plan to stop developing and is focused on long-term relationships with each client.

Start trading options on Finmax

Bonuses

There are two types of bonuses at Finmax:

1. Accrual to the account up to 150% - such a bonus requires working out. The platform has a “bonus completion” indicator, which displays how much time the client has left to work before it expires. You can also check the working conditions with your analyst.
2. Risk-free transaction - suitable for beginners. Simply put, the company gives one chance to make a mistake, and in case of loss of funds, the client will receive them back to his account.