FinmaxFX is a brokerage company that has been providing brokerage services in the foreign exchange market since 2017. The platform is aimed at meeting the demand of both the professional player, providing a wide range of trading tools, and the beginner – guaranteeing support on the way to master the peculiarities of the markets, through extensive training material and analytical data.
Terms of cooperation with FinmaxFX
When choosing a company that can satisfy all the needs for high-quality trading, a trader should familiarize himself with the terms of the services provided. Each company has its own trading conditions. A detailed description can be found in the public domain on the official website of the brokerage company.
- To start trading, the broker provides several types of real accounts. The minimum threshold for entering a Micro account will be $ 250. When choosing a Mini account, the starting capital must be at least 1000 dollars. Having chosen the Standard account, the trader will need to make a deposit in the amount of $ 5,000. Premium and VIP accounts become available with top-ups of 25 thousand and 100 thousand, respectively.
- Regardless of the chosen account type, the minimum trade volume is 0.01 lot, and the leverage varies from 1:10 to 1: 200.
- Commission for withdrawing funds depends on the type of account chosen by the trader. So, the commission for the withdrawal of funds is withdrawn to the Micro and Mini accounts on an ongoing basis. On the Standard account – once a month you can withdraw money without commissions. Premium and VIP accounts allow you to withdraw funds without commissions.
- On the first deposit, the company offers its customers a welcome bonus in the amount of 30 to 100 percent, depending on the type of account chosen.
- FinmaxFX takes care of newcomers in the field of trading. And so that they have the opportunity to familiarize themselves with all the functionality of the broker and test their theoretical knowledge in practice, the company provides the opportunity to use a demo account. It will help inexperienced speculators gain vital trading experience without risking losing real money.
- As trading platform , the broker offers MetaTrader 5. The program is available for both desktop and mobile devices based on Windows, Mac OS, iOS and Android.
If the conditions suit the trader, and he is ready to start trading, it is enough to register on the official website of the company. The broker also recommends to immediately go through the identity verification procedure in order to exclude third parties from accessing the user account.
Client reviews about a brokerage company
During its operation, the broker has received a lot of user reviews. In general, there is a rather mixed opinion about the broker among network users. There are those who will have enough of the company for convenient functionality, a large selection of trading instruments, bonuses, regulation and a modern platform. However, there are also negative comments that indicate problems with the withdrawal of funds, a large threshold for entering the market and the inability to trade using the MetaTrader 4 terminal.
Given the variety of reviews about the company, you should carefully read all the accompanying documents and capabilities of the broker before making a final decision.
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