Finmax Overview
Finmax is a broker actively developing in the Russian market. The company is represented by Finmax FX, specializing in currency transactions, and Finmax BO, focusing on binary options and to some extent on CFDs. In this article, we will review the Finmax BO brand.
History and Regulation
Foundation Date: According to the official website, the broker has been operating since 2015, although there is no detailed description of the company’s history. The team behind the Finmax BO brand aims to make investing in binary options accessible to a wide range of users.
Regulation: Like many other binary options brokers, Finmax BO does not have an official license. In Europe, this type of trading is prohibited, and in Russia, its status remains uncertain. The brand’s product is under the control of the Central Register of Offshore Financials, as confirmed by their identification certificate RU 0325 FF V0150.
Registration and Contacts
Registration and Location: Max Capital Limited, the owner of the Finmax brand, is registered in Vanuatu, an island nation in Oceania. The company has offices worldwide, including in Russia, Kazakhstan, Ukraine, Poland, Bulgaria, Germany, the UK, Cyprus, the UAE, Australia, and Canada.
Contacts: You can contact customer support at the following numbers: +7(499) 703-03-48 (Russia) and +7 (727) 349-52-28, or via email at [email protected]. Support hours: 8:00-20:00 (GMT +3).
Trading Conditions and Accounts
The broker offers 5 types of accounts: Bronze, Silver, Gold, Platinum, and VIP, with different minimum deposits and privileges for traders. The company has no limits 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 Tools
The company provides various educational materials, including video tutorials, glossaries, e-books, and strategies. The website supports news, an economic calendar, and market reviews.
Personal Account and Trading Terminal
The personal account allows you to track transactions and assets, as well as manage your account. The trading terminal supports High/Low and Above/Below contracts, offers various indicators, and chart settings.
Deposits and Withdrawals
Finmax accepts payments via MasterCard, Visa, WebMoney, QiWi, Jeton, and bank transfers in USD and EUR. Users receive bonuses when depositing funds, and withdrawals require verification and document submission.
Reviews
Reviews about the company are mixed, with some users expressing satisfaction and others complaining about platform issues. Clients are invited to share their experiences to form an objective opinion.