In this Finmaxfx Review, we are going to take a look at the offer that this broker prepared for its traders. Finmaxfx operates on the financial market since 2015. When it comes to trading platforms, the broker features MetaTrader 5. The Finmaxfx minimum deposit is 250 USD.
Between 74-89% of retail investor accounts lose money when trading CFDs You should consider whether you can afford to take the high risk of losing your money
Basic information from this Finmaxfx Review
| Website address: | https://finmaxfx.com/ |
| Operated by: | Max Capital Limited |
| Licensed and authorised by regulatory bodies: | VFSC IFMRRC |
| Supported languages: | English, German, Spanish, French and Italian |
| Customer support available via: | E-mail, phone, live-chat |
| Contact details: | [email protected] +44 (208) 089-25-75 |
| Available deposit methods: | Bank transfer transfer, Credit/debit card, Skrill, Qiwi, Neteller, Yandex Money, WebMoney |
| Available withdrawal methods: | Most likely the same as the deposit methods |
| Minimum deposit: | 250 USD |
| Min. trade in lots: | 0.01 |
| Spreads: | Typical spread on the currency pair EUR/USD - 3 pips * on standard account type |
| Tradable assets: Might be a CFD. | Forex (45), stocks (250), commodities, indices, cryptocurrencies (30) |
| Demo: |  |
| Mobile app: | |
| MetaTrader 4: |  |
| Other trading platforms: | MetaTrader 5 |
| Social trading: | |
Finmaxfx Fees (typical spreads)
We have scanned fees (typical spreads) that Finmaxfx charges when trading popular currency pairs, here is their breakdown in pips.
| EUR/GBP | EUR/USD | USD/CHF | EUR/JPY | GBP/USD | USD/JPY |
|---|---|---|---|---|---|
| * | 3* | * | * | * | * |
*Typical spreads were recorded on 22.07.2020 at 11:29 for the standard account. Finmaxfx spreads in the table above serve as illustrative examples only as they for instance, may change according to the market conditions.
Random reviews of competing FX & CFD brokers: CVCMarkets, UpForex, MarwadiOnline and iDealing
Frequently Asked Questions
🧐 Is Finmaxfx a Scam?
In accordance with our research, Finmaxfx is a broker licensed and regulated by the VFSC and IFMRRC. While it is a good thing that the broker is regulated, the VFSC and IFMRRC regulatory agency is in comparison to 1st tier regulatory bodies like the CySEC one of the weaker regulatory authorities when it comes to investor protection. In order to be sure that Finmaxfx is not a scam, read our trader reviews and check other popular trading related websites and forums.
🆓 What is the Finmaxfx minimum deposit?
In order to start trading with Finmaxfx, you have to deposit at least 250 USD (Trading accounts can also be held in USD).
📵 What deposit and withdrawal methods Finmaxfx supports?
⚖️ Would you recommend me choosing Finmaxfx?
We don’t have our own personal experience with Finmaxfx. However, the broker is regulated by the VFSC and IFMRRC which does not provide as strong protection to traders as 1st tier regulatory bodies (Like the British Financial Conduct Authority). Considering that there are hundreds of brokers with stronger regulation and quite highly possibly with better trading conditions too, it makes little to no sense to trade with Finmaxfx.
Should you be looking for a highly reliable broker featuring forex trading and CFDs, you can get your hands on our marketing broker Etoro – (77% of of retail investor accounts lose money when trading CFDs with this provider), which is a CySEC regulated company that allows trading from as little as $50 and charges highly competitive fees on all assets.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Between 74-89% of retail investor accounts lose money when trading CFDs
You should consider whether you can afford to take the high risk of losing your money ¹ Variable spreads, spreads recorded for the EUR/USD on 11.01.2024 at 11:42 GMT.
