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Finmax – Broker Review and Trader Feedback

Regulated by FMRRC
(license 0395AAV0089)
Accepts traders from
United Kingdom
/ 5
Rating: 3
Reviews: 52
Bonus on first
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Broker Finmax is by far one of the most promising in the binary options industry. Despite the fact that the company was founded in 2015, many financial experts are predicting a bright future.

Full review
Trading conditions
Tradable assets:
Option profitability:
Minimum deposit:
Minimum trade amount:
up to 90%
Demo account:
Online registration:
Call support:
Chat with support:
Tradable assets:
Option profitability:
up to 90%
Minimum deposit:
Minimum trade amount:
Demo account:
Online registration:
Call support:
Chat with support:
Deposits and Withdrawals
Review of Finmax
Broker rating: 4.2 / 5

1. General information

Finmax is a binary options brand operated by Morris processing Ltd 2, which is the parent company headquartered in Sofia, Bulgaria. Even if the service started its activity in 2016, it could already attract traders’ attention by providing a good platform to trade on, helpful tools and a decent asset index. The broker is regulated by FMRRC – the Russian regulatory body.

2. Advantages and disadvantages

Fast trading platform: The broker has its own platform that was developed by a team made of experienced traders and IT experts.

Social trading: There is a kind of social trading option, suggesting that you can copy strategies of experienced traders.

Low minimum deposit: The minimum deposit and minimum investment per trade encourage amateurs to start their trading career.

Trader training: The broker doesn’t just offer a trading platform – it also teaches its clients by providing helpful education materials, strategies, and news. There is a whole section dedicated for education.

Demo account: You can use the demo account for training purposes.

No Windows phone support: The mobile platform is not available for Windows devices at the moment.

3. Trading conditions

When we speak about trading conditions, we may say that Finmax has the full options. The system and customer support is multilingual. You can set the following languages: English, Russian, German, Spanish, French, Italian and Arab. User-friendly platform with basic technical indicators. More types of accounts for different budgets. A large asset index that comprise Forex pairs, shares, commodities and indices. Trading signals, news, analytics and advanced charts. Bonus programs. The most popular and accessible payment methods. 90% per trade potential profit and $5 minimum investment per trade. We think that Finmax clients have a great support considering all these benefits.

4. Underlying assets

Finmax has an asset index that looks similar to a Forex broker’s list of assets. It has the full range of instruments: 30 company shares: Sony, Renault, Facebook, BMW, and more. 14 indices, like CAC 40, NASDAQ, S&P 500, DAX 30, Nikkei 225, etc. 25 currency pairs, including EUR/USD, GBP/USD, USD/JPY, and more. 8 commodity instruments based on 5 commodities – gold, silver, oil, gas, copper, gold/silver, gold/EUR, and gold/GBP.

5. Trading platform

We were surprised to discover that Finmax has its own platform. From our experience, most binary brokers, especially those who make their first steps, use a ready-made platform developed by a third party.
The Finmax platform makes trading look easy. Despite its convenience, the system is quite advanced – there are technical indicators like MA, BB, RSI, and MACD, 3 chart types like line chart, bar chart and candlestick chart, a wide range of time-frames, and more helpful tools. There is nothing complicated and bothering in it.

6. Mobile Trading

Finmax platform has the mobile trading version as well. You can trade your preferred assets from your Android, iOS and Windows devices. The mobile platforms resemble the primary one created for the PC.

7. Demo account

The broker does not ignore traders with little experience. This is why it offers a demo account, which is made only for training needs. You cannot make any real profits there as it uses virtual money. However, the features and instruments are the same.

8. Account types

Finmax has more account types so that all the traders could enjoy the financial markets based on their budget and trading knowledge. Here are the four account types:

Bronze Account – you should fund at least $250 and you become eligible for a bonus of 25%.

Silver Account – minimum deposit with this account is $1000 and the bonus – 50%.

Gold Account – you should invest $5000 or more and the bonus can reach 75%.

Platinum VIP – this account type is made for professionals. We don’t encourage amateur traders to try this one. You should call the Finmax team to discuss the deposit amount and the bonus, which can get up to 100%.

9. Opening an account

Registering with Finmax is quite easy. The client has to complete the registration page with his name and surname, email, phone, address and put a password – and that’s it! Just don’t forget to click the account type you want to use – demo or real. By agreeing with the terms and conditions of the broker, you become a member.

10. Funds withdrawal

Finmax offers the full range of payment methods. Here is how you can deposit or withdraw the funds: Bank Wire transfer, Credit/debit card, such as VISA, Maestro, and MasterCard, Online payment system, such as Skrill, Qiwi, Neteller, Yandex Money, or WebMoney. The minimum deposit is $100 and it is worth mentioning that you cannot withdraw any funds without passing through an ID verification procedure.

11. Trader training

As mentioned above, Finmax is putting a great effort to educate and support its clients with less trading experience. Besides the discussed demo account, there is also a whole section full of education pages, such as glossary, strategies, webinars, instructional video clips, trading signals, and more. If you have any questions, you may look for them in the FAQ page. We really appreciate when the brokers come with a decent range of education materials.

12. Should I trade with Finmax?

Finmax made a positive impression on us, especially due to their advanced and simple trading platform and the education materials. However, it doesn’t mean that professionals won’t find their place with Finmax – there is the VIP account, which has a lot of exclusive features. And by the way, the broker is regulated, has segregated accounts, and offers all the measures meant to keep your money safe.

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Reviews on Finmax

Comments about Finmax
( 52 )
User rating: 4.1 / 5

Comments: 52

  1. avatar

    Finmax is my top choice since it has high payout percentage and is totally spread-free. Moreover, welcome promotions here are pretty generous.

    • avatar

      And the main reason for me why im workin only here, is safety of my data.
      Security is on the highest level, only me has the access to my account and to my cash.

      • avatar

        True. First class security protocols.
        And attention – verificate your account just after the registration. That allow you to avoid delays with future cashouts and problems with your confidentiality.

  2. avatar

    A perfect broker. Quite sure that Finmax’s trading environment stays at the top of the binary options industry.

  3. avatar

    How absolutely steady trading system. Order execution here works so well even in a highly volatile environment. Recommended!

    • avatar
      Павел Владиславович

      On CFD platform trading is normal, the list of trading instruments is very wide, the risks are acceptable. The money is withdrawn without problems.

      • avatar

        Pretty eye-catching and easy-to-use platform. Like it from the first look.

  4. avatar

    Have you guys tested this broker’s new CFD platform? If did, please share your experience.

    • avatar
      Alcino Andaloro

      Couldn’t be better. This is the most easy-to-use and speedy among ones I have traded with.

    • avatar

      Having used but still feel a little confused with this new type of investment. Finmax should provide more courses about CFD trading in their advanced educational center.

    • avatar

      Good platform. But do you guys know how to trade this most effectively?

      • avatar

        CFD is a little bit difficult for me. In binary options you have simple rules, i feel comfortable when i trade on them.
        Maybe in future ill try forex and CFD but not in nearest. So far im completely satisfied by my incomes on BO only.

  5. avatar
    Павел Владиславович

    Everything is fine here, there is a regulator, and in general I can not yet say anything negative about this broker-everything works fine, no complaints. The money is paid. This week brought 1500 dollars on the VISA card within 2 days listed.

    • avatar

      By the way, the regulator is not bad, constantly monitors and regulated companies in order to prevent fraud. So in this plan everything is transparent, you can not worry about their investment.

  6. avatar

    Here recently got to grips pretty quickly with the options and chose the optimal time of expiration. Work was quite comfortable, with the monetary operations. I think the broker is quite a good option of earnings.

  7. avatar

    Professional! Support team is very fervid. Payment is pompt. Very pleased with Finmax service.

  8. avatar

    Superior! Have tried all Finmax platforms – FX, CFD, options and none of them make me down.

  9. avatar
    Maydul Nouri

    Across-the-board. This company provides almost complete types of trading investments including forex, options, CFD, futures … Great place for any financial traders.

  10. avatar

    Generally good. The advanced chart should be modifiable as some indicators’ parameters can be changed discretionarily.

  11. avatar

    Very reliable broker. Highly recommended if you are looking for a long-term business.

  12. avatar

    How much i could earn on this platform per month if my depo will be near 3000$?
    Im able to trade 2 or 3 hours every day.
    I know that some people managed to buy good vehicles and houses on money which they made on BO

    • avatar

      Mainly depends on your trading skills. Supposed you risk $60 per trade (2%) and win about $120-150 a day.
      There are people get rich from trading BO, but if only they have good trading skills.

    • avatar

      My regular earning from Binary Options is about $1,000 a month with my initial fund ~$10,000, means 10% a month. This investment channel is really better than traditional types, but as normal, you must treat it as an investment: Risk management must always be put on top.

    • avatar

      It’s not that easy. Market is a hard battle, and it requires lots of effort and experience. With $3,000, I would expect to make around $300 a month if I were you.

  13. avatar

    Vote this broker 5/5. I have traded at Finmax for about two years, and never had any drawbacks cashing out my profits here. The most important aspect of a BO broker is the reliability as your profits cannot be changed into real cash if you are unable to withdraw…

  14. avatar

    Tested and confirm Finmax is a reliable broker. I successfully made my first withdrawal yesterday. Very prompt and without hard requirements.

  15. avatar

    Deeply impressed with Finmax from the first glimpse. More interested when using its trading platforms. Can’t find anywhere else such a good broker.

  16. avatar

    Yes, good one, i aggree. Never meet any obstacles during 6 months with cashouts and cashins.
    But there is a couple another good reliable brokers, to be honest. Dont say that Finmax is the only place you can trade

    • avatar

      There are a load of brokers in this industry, but only a few are good. Finmax, Highlow and IQoption are the best, I think.

  17. avatar

    After making three month structural profit Finmax froze my account this week. After three days on a row asking for an explanation still nobody has responded. Is this how Finmax treat their succesful traders

    • avatar

      Really? Did you try calling them? I withdraw regularly from this broker and face no drawback at all.

    • avatar

      It’s so weird. Been here since 2016, made lots of profits but never faced such a problem like yours.

  18. avatar

    I tend to open an account here but nore sure which type of account I should start with. Can you guys advice me please? I can invest upto $10,000.

    • avatar

      a Gold account is the best choice for you

      • avatar

        Thanks. What benefits will I get if I open a Gold account here please?

  19. avatar

    Best place to invest for both beginner and experienced traders. Comprehensive.

    • avatar

      Im novice.
      My very first deal on Finmax gave me 150$. But honestly speaking that was pure luck). Randomly chose CALL position on oil and succeded).
      From today i started to learn some basic stratigies.

  20. avatar

    So, i must say that i got some success in copyng of deals of experievced traders using social radar.
    More than 15000$ in June – thats my result. Hope to surpass this number in nearest month.

    • avatar
      Jackie Nielsen

      I am using social radar here too. Great function. Just follow experts and make money.

    • avatar

      WHAT IS SOCIAL Radar ??

  21. avatar

    Just made the third withdrawal from this broker and got money after 24 hours. Prompt and reliable.

  22. avatar

    One of the most superior platforms in the binary options world. Definitely 5 stars for it.

  23. avatar

    Is it possible to make good money from 200$?
    Heard a lot of good things about this broker. Need some money as quick as possible so decided to try binary options here…

  24. avatar

    Alex, yes, for sure.
    I managed to earn 1600 dollars from less than a hundred.
    I put 250 bukses, but quickly reduced to 98. I was unexperienced completely that time. Then i started to learn some strategy, and this allowed me to reach good result.
    Best of luck to you

  25. avatar

    So what about additional bonus in august?
    Is this only for newcomers or for all depositors?
    i ve been trading since march here. Good broker, no doubts.

  26. avatar

    Mas o menos – as espanoles say) I leave near Barcelona. Finmax is my broker too. I like my results but lost a little in august(.
    But a realize that was completely my fault, this broker never steel money from traders.

  27. avatar

    I prefer to trade by turbo options. i know what im doing – mu results say about that.
    Broker s really good, the biggest incomes i receive exactly here.
    But Finmax is not the only one honest broker.

  28. avatar

    Gold account got plenty of royalties and other great offers.
    I have managed to make 12000 from 5000 by decade. And my friend made 15000.
    We both used turbo option strategy and signals from Telegramm.

  29. avatar

    At the end of spring i decided to put some money on finmax (500$). My personaltrading system gives me about 1000$ per month, Not a huge number but this is a question of stability.
    No obstacles with cashouts.
    Good broker

  30. avatar

    I have read some comments across the internet about finmax being a scam. Many people talk about how finmax froze their account taking all their money, and never receive their profits without actual reason. What is your opinion about that? Does anyone have experience withdrawing large amounts of money (1000$ and above)?

  31. avatar

    Best week! 4000 – pure income.
    Finally managed to learn Bollinger indicators. Technical analysis is truly my field.
    Gold and oil – that’s my main activities. And bitcoin of course

  32. avatar

    Can anyone advice me about this am much interested in investing on finmax

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