FinMax Broker Review

Broker Summary (FinMax)

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  • FinMax specializes in binary options trading
  • Minimum deposit: $100
  • Minimum trade: $5
  • Offers short-term and long-term trading
  • Provides free demo account (no deposit needed)
  • Official website: www.finmax.com

Binary Options Trading on Finmax

Registration

In order to complete registration process you need to fill in a short registration form, where you are only asked to state your name, email address and a few other details. For our convenience FinMax offers to finalize identity verification right upon finishing the registration process. It is done to save us time when we decide to withdraw our earnings (when withdrawing we have to confirm our identity by sending scan of our ID). So we can save the waiting by going through this process right in the beginning and then withdraw money from FinMax with just one click.

Minimum deposit amount is as low as $100 and minimum trading amount is $5. Moreover, as I mentioned above, FinMax provides a free demo account to all the registered customers (no deposit needed). Some of the trading instruments and options are missing there, but it is still enough to get a hold of what FinMax as a platform is and how to trade binary options.

After you are done practicing on FinMax demo account you can proceed further and make your first deposit in order to trade on the real market and get the real earnings. Once you deposit you get assigned to a personal manager who will be your point of contact at FinMax and will answer any questions you might have regarding the platform or trading in general.

For those who deposit $1000 or more FinMax opens a VIP account with various special offers such as risk-free deals, impressive bonuses and access to webinars with the leading market experts (although you can buy an access to those webinars if you have a regular account).

FinMax Trading Platform

Binary options broker FinMax has developed a user friendly trading platform which is as functional as all other white-label platforms, but also has some significant improvements from all other look-alike trading platforms.

You will be thrilled to know that FinMax is one of the first binary options brokers to offer a transparent view on your bonus system (now you can see in the top-right corner how much wagering you need to complete in order to be able to withdraw the bonus amount you received from FinMax).

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Let’s have a look at FinMax trading window. In the top of the trading screen you can choose a trading asset (you only see part of the assets, in order to see all of the assets you can navigate with little arrows on the both sides.

Below the trading assets is the menu with expiration times which are offered by FinMax – you can trade short term options (turbo options) – as short as 30 seconds, or alternatively you can choose a long term binary options trading – up to the end of the day.

In the left-side menu you can check out the bonuses available, your balance and go through learning materials provided by FinMax.

FinMax Trading Graph

Although FinMax offers its own trading chart, it has very limited list of technical indicators and instruments that you can use, so I would advise you to use Live Chart in order to make accurate technical analysis and price movement observations.

Making Your First Trade

On the right side is the place where you enter the trades. In the top part you can see your account balance and how much you have already invested. With the buttons UP and DOWN you make your prognosis – will the price of the asset go up or down. Once you have chosen a direction you indicate the amount that you want to invest in your prognosis and click on “Buy”.

Once you purchased a binary option, you will be able to see information about the open deal in the lower part of the trading screen. There you have a few options to make changes to your trade. You can prolong the expiration time, or sell an option before the expiration time.

Summary. Why choose FinMax?

Binary Options broker FinMax has the following advantages that make it a good broker choice:

  • Free demo account to practice binary options trading before investing your own money
  • User-friendly system that shows you transparently how much bonuses you received and what is the wagering that you need to do in order to withdraw bonus money.
  • Last but not the least, FinMax has the most up-to-date security protocols implemented in the system which guarantees the safety of our investments and our personal data.

So want to try out FinMax for free? Here is a link to no-deposit-needed FREE DEMO ACCOUNT.

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2 Comments + Add Comment

  • The platform looks pretty nice. Anyone able to trade well and withdraw from them?

  • Hi, yeah I am trading there, my friend from England recommended it to me and I am pretty much happy with it. I am from Norway 🙂 Withdrawal to my bank account took 3 days, expected for more having the experience of trading on another platform.

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