7 Reasons Why FinmaxFX is Preferred.

7 Reasons Why FinmaxFX is Preferred.

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Founded in 2016, FinmaxFX is a Forex broker domiciled in Seychelles. It provides an advanced trading platform with a large selection of assets and instruments, including currency pairs, stocks, indexes, digital currencies, metals and energy carriers.

Despite its young age, FinmaxFX is highly appreciated by traders thanks to its superior trading conditions. According to the latest report, this broker has more than 450,000 customers worldwide with over 2,000 new registrations every day.

FinmaxFX

In this article, we will discover the reasons why FinmaxFX is preferred.

1. Maximum Safety

No matter how good a Forex broker is, it can’t attract traders given not providing a safe trading environment. FinmaxFX has proven itself to be a safe and ideal place for all types of traders.

FinmaxFX is regulated by the International Financial Market Relations Regulation Center (IFMRRC). This means that all customer rights are guaranteed by international laws. In the unlikely event that the broker faces financial difficulties, clients can be compensated up to $100,000 in cash.

The FinmaxFX pays great attention to preserving clients’ deposits and personal information. The broker keeps its funds in segregated bank accounts and uses the state-of-the-art encryption technology to protect traders from hackers. It also pledges not to share its clients’ personal information with third parties.

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2. A Wide Range of Assets and Instruments

Another reason why FinmaxFX is preferred is that the broker offers a wide range of tradable assets. At FinmaxFX, traders can access 421 assets and instruments in various classes, including:

  • Forex currency pairs: There are more than 50 currency pairs in major, minor, and exotic groups available for trading here.
  • Stocks: FinmaxFX provides traders with over 250 stocks from around the world.
  • Indices: Traders can choose from more than 14 popular indices such as Dow, S&P500, FTSE, DAX, etc.
  • Metals: Tradable metals at FinmaxFX include Gold and Silver.
  • Energy carriers: The broker offers Brent Oil, Natural Gas, and Crude Oil.
  • Cryptocurrencies: There are more than 30 digital currencies that can be traded at FinmaxFX, including the famous names such as Bitcoin, Bitcoin Cash, Ethereum, Ripple, Stellar, Dash, Cardano, and many more.

7 Reasons Why FinmaxFX is Preferred.

In addition to offering a large selection of tradable assets, FinmaxFX diligently updates new ones and diversifies trading instruments. For example, besides XAU/USD, traders can trade Gold on other instruments such as XAU/EUR or XAU/GBP. This makes the broker an ideal place for those who want to diversify their portfolios.

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3. Advanced Trading Platform

FinmaxFX offers MetaTrader 5 (MT5) – one of the most advanced platforms today. It is an upgraded version of the legendary platform MetaTrader 4, with many new functions and market analysis tools added.

The features of MetaTrader 5 include:

  • User-friendly
  • Stocks and futures available for trading
  • More than 18 different time frames
  • 6 types of pending orders
  • 35+ technical indicators

FinmaxFX’s MT5 trading platform can be used on computers, mobile devices or directly on browsers (no download required). All functions and tools are fully integrated on all versions.

7 Reasons Why FinmaxFX is Preferred.

4. A Large Selection of Account Types

Providing multiple trading account types is also one of the features of FinmaxFX. It allows the broker to reach all customer groups, from retail traders to financial institutions.

Below is the detailed information about the types of accounts FinmaxFX provides:

Micro account

  • Minimum deposit: $/€250
  • Leverage: 1:10 – 1:200
  • Spread: from 3 pips
  • Withdrawal time: up to 48 hours
  • Withdrawal fee: Yes

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Mini account

  • Minimum deposit: $/€1,000
  • Leverage: 1:10 – 1:200
  • Spread: from 3 pips
  • Withdrawal time: up to 48 hours
  • Withdrawal fee: Yes

Standard account

  • Minimum deposit: $/€5,000
  • Leverage: 1:10 – 1:200
  • Spread: from 3 pips
  • Withdrawal time: up to 48 hours
  • Withdrawal fee: One free withdrawal per month

Premium account

  • Minimum deposit: $/€25,000
  • Leverage: 1:10 – 1:200
  • Spread: from 3 pips
  • Withdrawal time: up to 24 hours
  • Withdrawal fee: No

VIP account

  • Minimum deposit: $/€100,000
  • Leverage: 1:10 – 1:200
  • Spread: from 1 pip
  • Withdrawal time: up to 5 hours
  • Withdrawal fee: No

7 Reasons Why FinmaxFX is Preferred.

Apart from these, FinmaxFX also provides a demo account with unlimited money and usage time. This account is very useful in testing trading systems, Expert Advisors (EAs) as well as MT5 platform’s functions.

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5. Generous and Useful Promotions

As a client of FinmaxFX, not only can you access a professional trading platform, but you also can enjoy generous bonuses and supports for better trading.

FinmaxFX’s deposit bonuses range from 30% to 100%, depending on the type of account that you use. With a Standard account or above, you are able to access daily trading signals and market analysis of FinmaxFX experts. VIP traders can directly be supported by professional account managers and senior analysts.

Besides offering trading services, FinmaxFX also focuses on developing knowledge for traders. It provides a comprehensive education center where clients can learn about trading from A to Z through 4 ways: webinar, video, article, and e-book.

6. Various Modern Payment Methods

FinmaxFX provides a variety of payment methods, enabling traders from all over the world to access this broker’s trading services.

To fund your FinmaxFX trading account, you can choose from the following 7 payment methods:

  • Visa/Mastercard
  • Bank Transfer
  • Yandex
  • Webmoney
  • QIWI
  • Skrill
  • Neteller

The broker requires a relatively low minimum withdrawal – only $/€25. Withdrawals are often made in less than 48 hours through the method you used to deposit.

Important note: To be able to cash out, you have to complete FinmaxFX’s verification procedures by uploading copy images of your identity documents.

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7. Professional and Responsive Customer Support

FinmaxFX has a multilingual customer support team available 24 hours on 5 business days. The ​​supported languages include English, Russian, and Arabic.

If you are a VIP trader, you can enjoy 24/7/365 support.

According to many Forex broker reviewing websites, FinmaxFX customer service ranks among the fastest. The average response time of its Live Chat is about 8 seconds, while that of its phone support is merely 20 seconds. Tickets are often solved in less than 12 hours.

Identity verification at FinmaxFX is usually completed within 3 hours. If you contact the broker’s support team via phone or Live Chat after uploading copy images of your documents, your account can instantly be verified.

Conclusion

Overall, FinmaxFX is a professional and comprehensive Forex broker with many favorable trading conditions.

There’s a fact about FinmaxFX: This broker’s founders are also professional traders, so they understand what traders really need and want. Accordingly, FinmaxFX can be considered a broker made by traders and for traders. Safety, quality and utility are the core values ​​that this broker brings to the financial trading community, and they are also factors underpinning its success today.

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7 Reasons Why FinmaxFX is Preferred.

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