Official Website: www.finmaxbo.com
Finmax is a Binary Options regulated broker, that is based in Bulgaria. They opened their doors in 2,016, and became a trusted broker very soon, due to many factors that we will mention in this article. As the name of the article, this is an Unbiased Review, as we think this is a very good broker, yet not one of the top brokers we already know. You can visit the official Finmax's website here.
Trading Platform and Payout
Finmax is a broker with a very unique and own trading platform. Unlike other Binary Options brokers that use a white label from other platforms, such as SpotOption, Finmax got its platform created by a company called Trader Smarter, which created this trading platform specifically and exclusively for this broker. This gives Finmax a great reputation, simply because they offer unique features with their platform that cannot be shared to any other Binary Options broker as they are the legitimate owners of it.
The Finmax platform has all of the regular trading options, such as High/Low, Turbos and Long Term trades. These trading options include all of the currency pairs, but additionally, they have Oil, Metals, individual shares and market indexes as part of their assets to trade. Nowadays, is very popular to trade long term transactions with Oil and Stocks, which is one of the main reasons why traders are choosing Finmax instead of the competition.
Regarding the profit on winning trades, Finmax is offering a 70% to 80% payout, which is a little lower than usual. Nevertheless, people still choose this broker even on top of the top brokers of this industry. One of the mentioned reasons is the speed of their platform, which helps traders to take all of the predicted trades without any delay.
Deposit and Withdrawal
Finmax is currently requiring a minimum deposit as low as $10. This is not only affordable, but really helpful for two types of traders: 1) A trader that wants to test the platform before making a higher deposit, and 2) A trader that does not have a high capital to start investing. You can test their platform here. The methods of deposit are Credit Card, Debit Card, Wire Transfer, Yandex Money and Qiwi Wallet.
Now, the withdrawal process with Finmax is very simple. It needs to be made to the same method of deposit, and depending on the type of account that you have, Bronze, Silver or Gold, all of the types of account based on the amount of deposit, it can take five business days for the Bronze account, two days for the Silver account, and only one day for the Gold account.
Finmax License and Demo account
Finmax is licensed by CROFR in Russia, which gives the broker a lot of credibility when it comes to legitimacy. Besides all of the good reviews that we find about them online, we see that they are walking on the side of the law. A Binary Options broker that has a regulation, gives us the peace of mind that we can take legal action to legal authorities, in case we need to.
There are very few brokers that have all the package of good features combined. Finmax gives the option to its traders to use a Free Demo Account, which gives a lot of flexibility to its visitors, by giving them the chance of testing the platform with the real markets, before joining with a real account. You can open a demo account here.
Finmax has a lot of good and positive reviews. This is another thumbs up for them, as they offer the most important options for the traders. Finmax offers you a Demo Account, a low deposit, a fast withdrawal and a very unique trading platform. You can check their official website here, and you can also check our Trusted Brokers' section in order to read our reviews on the Top Brokers of the industry. Feel free to leave a comment and thank you for reading.
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