FiNMAX is one of the remaining binary options brokerages that continue to be operational today amidst the closure of well-known investment companies that were not able to meet the industry standards. Does this mean that this broker is well-established and can be trusted? Let’s find out in this review:
The standard minimum deposit of majority of brokerages today is $250 and this is followed by Finmax for their Bronze account. The Silver, Gold and Platinum accounts require higher deposits.
Design and Layout
The platform design is much more appealing compared to the standard layout that traders are accustomed to. It’s much more modern and is easier to navigate.
You have the choice of funding your account via credit cards, bank transfer, Yandex Money, QiWi Wallet, ePayments, Webmoney, Skrill and Neteller.
The smallest investment amount that you can enter for every trade is just $5. With such a small amount, you will be able to effectively manage your trades. The standard is $25 so FiNMAX’s minimum trade size is much better.
You can trade digital options on a range of assets covering all classes (stocks, indices, currencies and commodities). Most of the hottest assets today can be traded on their platform including Bitcoin.
The platform is really fast and is extremely easy to get used to even if you have no experience in binary options trading. They feature social trading and all the necessary tools are available and pretty much has everything that you need.
The prices showed by the platform are matched with the market prices. Based on the tests that were done, these were proven to be accurate.
You can make up to 90% returns from your original investment. This is much higher than the return rates of other brokerages which are only able to provide up to 85% maximum payouts.
Withdrawal Processing Time
Withdrawals require complete verification for security purposes. Normally, it takes 5 working days to process the request but if you have a VIP account, it will only take 48 hours or 2 days.
Withdrawal Processing Time
Client support is available via phone, email, live chat and Skype. Their lines are open from 8:00am to 8:00pm (GMT+3) but communication with an account manager is available 24/7 for VIP account holders.
They are operated by Morris Processing Ltd, a company that is licensed by the Financial Market Relations Regulation Center (FMRRC) in Russia.
Based on our extensive profiling of this company, we were able to determine that they are a well-established brand in the binary options market and most of their client reviews were positive particularly in Hong Kong, Singapore, Malaysia, New Zealand, Denmark, Sweden, Iceland, Norway and Finland.
FiNMAX is a diamond amongst the rough. They have managed to keep their reputation in good standing and have made every effort to improve their platform with success. They high returns, impressive range of assets, top notch client support and fast processing of withdrawals are enough reasons for this brokerage to be your primary choice for trading binary options.