Finmax
Overview of Finmax
Finmax is a brokerage firm that has been actively expanding its presence in the Russian market. The company operates through Finmax FX, which specializes in currency trading, and Finmax BO, which focuses on binary options trading along with some exposure to CFDs. This article will delve into the details of the Finmax BO brand.
Background and Regulation
Establishment Date: The official website states that the broker has been in operation since 2015, although a detailed history of the company is not provided. The team behind the Finmax BO brand is dedicated to making binary options trading accessible to a broad audience of users.
Regulation: Similar to many other binary options brokers, Finmax BO does not hold an official license. Binary options trading is prohibited in Europe, and its regulatory status in Russia remains uncertain. The brand’s products are monitored by the Central Register of Offshore Financials, as evidenced by their identification certificate RU 0325 FF V0150.
Registration and Contact Information
Registration and Location: Max Capital Limited, the entity that owns the Finmax brand, is registered in Vanuatu, an island nation in Oceania. The company maintains offices globally, including in Russia, Kazakhstan, Ukraine, Poland, Bulgaria, Germany, the UK, Cyprus, the UAE, Australia, and Canada.
Contact Details: For customer support, you can reach out via the following phone numbers: +7(499) 703-03-48 (Russia) and +7 (727) 349-52-28, or through email at support@finmaxbo.com. Support is available from 8:00 to 20:00 (GMT +3).
Trading Terms and Account Types
The broker offers 5 different account types: Bronze, Silver, Gold, Platinum, and VIP, each with varying minimum deposit requirements and trader benefits. There are no restrictions on deposit and withdrawal amounts.
- Bronze – minimum deposit $250.
- Silver – minimum deposit $1,000.
- Gold – minimum deposit $5,000.
- Platinum – minimum deposit $25,000.
- VIP – minimum deposit $100,000.
Education and Resources
The company offers a variety of educational resources, including video tutorials, glossaries, e-books, and trading strategies. The website features news updates, an economic calendar, and market analyses.
Personal Account and Trading Platform
The personal account enables users to monitor their transactions and assets, as well as manage their accounts. The trading platform supports various contract types such as High/Low and Above/Below, provides a range of indicators, and allows for customized chart settings.
Deposits and Withdrawals
Finmax accepts payments via MasterCard, Visa, WebMoney, QiWi, Jeton, and bank transfers in USD and EUR. Users are eligible for bonuses upon depositing funds, and withdrawals necessitate verification and document submission.
User Reviews
Feedback regarding the company is varied, with some users expressing satisfaction while others report platform-related issues. Clients are encouraged to share their experiences to contribute to a balanced assessment.
This review has been prepared by the specialists at ExpertsReview.