FinMax, Trade Binary Options with over 70 Assets Across Forex, Commodities, Indices and Stocks

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  • BINARIUM
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    Top Broker!
    Best Choice For Beginners!
    Free Trading Education!
    Free Demo Account!
    Big Sign-up Bonus!

  • BINOMO
    BINOMO

    Perfect For Experienced Traders!

Finmax Review

General Information

Company Information

  • Headquarter : Bulgaria
  • Regulation : CROFR

Account Information

  • Type of Broker : Binary Options
  • U.S. Clients Allowed : NO
  • Minimum Deposit : 250$
  • Maximum Leverage : N/A
  • Account 1 : Basic
  • Account 2 : Silver
  • Account 3 : Gold
  • Account 4 : Platinum VIP
  • Demo Account :
  • Islamic Account :
  • Segregated Account :
  • Managed Accounts :
  • Deposit Options :

Instruments Traded

  • ETFs :
  • CFDs :
  • Commodities :
  • Metals :
  • Stocks :
  • Oil :
  • Binary Options :

Trading Platforms

  • Trading Signals :
  • Chart Trading :
  • Automated Trading :
  • Hedging :
  • Mobile Alerts :
  • Guaranteed Stop Loss :
  • One-click Execution :
  • Mobile Trading :

Customer Support

  • English
  • Arabic
  • Italian
  • French
  • Russian
  • Polish
  • Support Hours : Business Hours
  • E-mail Support :
  • SMS Support :
  • Chat :
  • Pros and Cons

    • Choice of Trading Accounts
    • Mobile Platform
    • Effectively Unregulated
    • Limited Choice of Assets

    Review

    Finmax, founded in 2020, is a binary option broker domiciled in Bulgaria. It provides an innovative platform that offers traders more than 75 assets for trading in indices, equities, commodities and currency pairs on major financial markets. Finmax offers options with expiry times ranging from 30 seconds to 1 year. The company services both the Bulgarian and foreign markets and uses one of the best software platforms in the industry.

    Accounts

    There are four different account types to choose from at Finmax. The Bronze account can be opened with a deposit of as little as $250. There is a welcome bonus of 25%. $1000 is sufficient to open a Silver account which comes with a bonus of 50% and offers an initial risk-free trade of up to 25% of the deposit size. Opening a Gold account requires a minimum deposit of $5000 and receives a bonus of 75%. An additional 2% is added to the standard winning trade payouts with this type of account.

    A Platinum VIP account may be opened with a negotiable, larger minimum deposit. A bonus of 100% is paid, and an additional 4% is added to the standard winning trade payouts with this type of account and a wide range of further benefits are provided.

    Silver account holders and up receive dedicated account managers. Gold and Platinum account holders receive unlimited free signals, while Platinum account holders also get a free withdrawal service.

    Unusually for a binary options broker, Finmax offer a demo account option so you can try it out without risking any money for a week.

    Features

    There are over 75 assets to choose from at Finmax and payouts of up to 90%. Trading can be done 24/5 on the Web or via mobile devices.

    The choice of binary options is not large: only high/low and above/below option types are offered. High/low means the price touches that level before expiry, while above/below means the location of the price at expiry. These are the criteria which determine whether the option is a winning or losing trade.

    Trading is offered in 30 individual stocks, 14 stock indices, 25 Forex currency pairs, and 8 commodities.

    The maximum investment amount is $50,000 while the minimum amount is $5: a very wide range! It is possible to risk more than $50,000 on one trade, by simply buying another option contract right away after having already bought one at $50,000.

    Finmax offers trading using only its own proprietary trading platform. The platform is also compatible with mobile devices operating iOS, Windows Mobile, and Android.

    Best Binary Options Brokers 2020:
    • BINARIUM
      BINARIUM

      Top Broker!
      Best Choice For Beginners!
      Free Trading Education!
      Free Demo Account!
      Big Sign-up Bonus!

    • BINOMO
      BINOMO

      Perfect For Experienced Traders!

    Finmax provides a selection of educational videos and trading strategies, as well as webinars. A comprehensive range of free market analysis is also given, as well as an up-to-date economic calendar. The ‘Advanced charts’ page is available for analysis only.

    Education and Analytics

    The Finmax website offers a wide choice of educational material. There are a range of videos on several topics including trading psychology and options trading strategies, as well as a platform overview and binary e-book. This section of the site also includes five illustrated trading strategies, most of which incorporate candlestick chart analysis. The webinars on offer are restricted to clients with live accounts.

    A fairly wide range of up to date market analysis is also offered.

    Bonuses and Promotions

    Finmax offers all its new clients a risk-free trade as their first trade. Up to $1,000 may be risked on this trade, but the maximum amount is also governed by the proportion of the total amount deposited in the account.

    Deposit bonuses are also granted, again in proportion to the amount deposited, according to the rules outlined in the “Accounts” section previously.

    Deposits/Withdrawals

    Depositing funds into a Finmax account is an easy and secure process. The minimum deposit amount is $250 or its equivalent in another currency. Funding can be done using credit and debit cards–Visa and MasterCard, as well as Qiwi Wallet and WebMoney.

    Withdrawals may be made in the same manner as deposits.

    Customer Support

    Customer support is maintained in the U.K., Bulgaria, Cyprus, Australia and Canada. Traders can contact a Finmax representative by telephone or skype during working hours and can use email anytime of the day.

    Finmax’s site is very-well designed with images and graphics that are eye catching and clear. Much of the information can be found by scrolling down on the landing page and there are few tabs to click. The choice of different trading accounts is attractive and the welcome bonuses are very generous. Still, there is a feeling that this is a relatively new broker and there are some features that are missing.

    Features

    Finmax has many attractive features including the website itself which uses colorful snapshots and easy access to information. The best feature of this broker is its wide choice of trading accounts and very generous bonuses. Starting deposits are relatively low at $250 and in addition, each new account is entitled to a generous sign-up bonus ranging from 25% to 100% on any amount of money deposited, which is exceptional.

    Finmax provides a selection of educational videos and trading strategies, as well as webinars. A comprehensive range of free market analysis is also given, as well as an up-to-date economic calendar. The ‘Advanced charts’ page is available for analysis only.

    Platforms

    The only trading platform offered by Finmax is their proprietary platform. The platform is intuitive and user friendly, with many features. No download is necessary and the platform can be accessed by clicking the platform tab after completing the account registration.

    The platform comes with an inbuilt, unique app called “Social Radar”, which adds a social trading element to the Finmax experience. It allows a user to spot Finmax’s leading traders and to copy what these winners are doing to a certain extent, including making the same trades as them in real time.

    Traders can choose to trade high/low or above/below type options. The standard payouts are well-placed in the market.

    User Reviews

    Did you have a good experience with this broker? A bad one? Tell our team and traders worldwide about your experience in our User Reviews tab. Your email address will not be posted.

    Please make sure your comments are appropriate and that they do not promote services or products, political parties, campaign material or ballot propositions. Comments that contain abusive, vulgar, offensive, threatening or harassing language, or personal attacks of any kind will be deleted. Comments including inappropriate, irrelevant or promotional links will also be removed.

    Best Forex Indicator Combination: EMA with RSI and ADX

    The trend-following theory has never been boring as it lays the foundation of many effective trending
    systems which help traders collect substantial profits from financial markets. Today, we would like to
    continue the series of trading the market trend with a strategy composed of three popular built-in indicators
    –Exponential Moving Average (EMA), Relative Strength Index (RSI), and Average Directional Index (ADX).

    How to combine the best Indicators?

    Forex technical system is considered qualified when it contains both leading and
    lagging indicators. With our recommended strategy, the Exponential Moving Average (EMA) set of the
    period of 20 days is responsible for detecting market trends and trading signals. Meanwhile, it’s not hard to
    realize that the Relative Strength Index (RSI) with the setting of 25 days is used to confirm the reliability of
    the defined entries. Furthermore, this system becomes more interesting with the 14-period Average
    Directional Index (ADX) entering the team. As widely applied, this ADX indicator will affirm the momentum of the
    detected trends, helping traders gather more accurate trading opportunities.

    Forex is seen as the most volatile market because of its daily unpredictable fluctuations. Hence, using these
    three effective indicators together will make you a perfect filter eliminating effectively the jamming signals.

    How to use combined indicators in Forex Trading

    This technique works best on the 1-hour chart and could be applied to all currency pairs. After installing the
    built-in indicators in MetaTrader 5, you will have to observe the EMA (20) to identify tradable signals.

    A bullish trading opportunity is spotted when:

    • Prices remain above the EMA (20);
    • The RSI line stays above 50 but below 70;
    • The ADX main line turns above the 20 level.

    On the contrary, a bearish occasion is determined when:

    • Prices remain below the EMA indicator (20);
    • The RSI indicator is below 50 but above 30;
    • The ADX indicator breaks the 20 level to the upside.

    There are some important entering rules when trading with this strategy as follows:

    • Only one position should be entered at a time;
    • You must wait for the candlestick to close before positioning any order;
    • The stop-loss level should be set of 30 pips, while the take-profit could be up to 50 pips;
    • When the RSI line trades into the overbought/oversold territory, the position should be exited.

    If you like this strategy, you might also be interested in this Ascending Triangle

    Pros and cons of the system

    1. User-friendly and is easily established;
    2. Strategy generates highly accurate signals by strict checking rules;
    3. It allows traders to grab a series of market trends, helping engender plenty of profitable pips.

    Cons:

    1. Requires traders to constantly monitor the platform to seek for trading occasions.

    Conclusion

    See also:
    • Trading platforms
    • MetaTrader 5 Mac OS
    • MetaTrader 5 WEB
    • MetaTrader 5 for Android

    FinmaxFX is one of NAFD (National Association of Forex Dealers) initiators.

    Trading Foreign Exchange (Forex) and Contracts for Differences (CFDs) on margin carries a high level of risk. Please, click here, to read full risk warning.

    HIGH RISK INVESTMENT WARNING: Trading foreign exchange on margin carries a high level of risk, can result in losses and may not be suitable for everybody. Persons below 18 years of age are not eligible to open Individual Accounts with Max Capital Ltd. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange or Contracts for Difference (“CFD’s”) you should carefully consider your trading objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial trading capital and therefore you should not deposit money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange and CFD trading, and seek advice from an independent advisor if you have any doubts. Nothing on this site should be considered as an advertisement, offer or solicitation to use our services. The information contained in this site is intended for information purposes only. Therefore it should not be regarded as an offer or solicitation to any person in any jurisdiction in which such an offer or solicitation is not authorised or to any person to whom it would be unlawful to make such an offer or solicitation, nor regarded as recommendation to buy, sell or otherwise deal with any particular currency or precious metal trade. If you are not sure about your local currency and spot metals trading regulations then you should leave this site immediately. The information on this site is not directed at residents of the United States or any European Union member state and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation. Restricted Jurisdictions: We do not establish accounts to residents of certain jurisdictions including Japan, Canada and USA.

    Max Capital Limited operational Registration Number 41072, address Port Vila, Vanuatu, PO box 1276, which is authorized and regulated by the Vanuatu Securities and Exchange Commission, license number 41072 and authorized by the VFSC

    Trade Commodities

    Trade the Basic Commodities of Life

    Commodities are basic to our daily life, which makes the commodity futures markets among the largest, with huge trading volumes. Binary options and call spreads give you a different way to trade commodities—with limited risk and a lower cost of entry. You can never be stopped out or get a margin call.

    Nadex offers binaries on these metals, energies and agricultural products:

    • Metal: gold, silver, copper
    • Energy: crude oil and natural gas
    • Agricultural: corn and soybeans

    Trade all the markets you love

    Trade These Markets with Binary Options and Call Spreads

    Metal

    Nadex contracts in gold, silver, and copper are based on COMEX/NYMEX® futures prices.

    Energy

    Nadex contracts in crude oil and natural gas are based on NYMEX® futures prices.

    Agricultural

    Nadex contracts in corn and soybeans are based on CBOT® futures prices.

    Make Volatility Your Ally

    In 2020, the price of crude oil fell by more than half. Oil-dependent economies like Russia’s suffered, while consumers enjoyed lower gas prices. Volatility was widespread.

    Most traders are not prepared or lack the capital to trade commodity futures alongside the big players, especially when things are volatile.

    With Nadex binary options and call spreads, you trade commodity futures prices with smaller risk. You set your maximum possible loss before you enter the trade. If the market spikes against your position, your loss is limited and you won’t get stopped out even if your binary’s value goes to zero.

    With Nadex Binary Options and Call Spreads, you can exit the trade prior to expiration, to take profits or avoid taking the maximum loss.

    Small Opening Balance, Big Opportunity

    Most successful traders start off small, with the goal of learning and improving. However, in the world of commodity futures, small accounts face a lot of challenges. Most commodity trading educators assume you have $25,000 or more to start with, so that you can handle drawdowns of several thousand dollars and still come out on top.

    While that works for some, many traders want a different risk/reward profile, even if they have ample funds. That’s why we require a low initial deposit to fund your account (though most of our members do start with more). That’s also why we don’t promise “unlimited profit potential.” We have found that most traders are comfortable with capped profit in exchange for limited risk.

    Protection of a Stop-Loss, Without Getting Stopped Out

    Commodity traders traditionally use stop-loss orders to limit risk. However, even with a stop, you still have the risk of slippage. You may incur a greater loss than you were prepared for or even get a margin call.

    With binary options and call spreads, your maximum risk is set before you enter the trade. No unpleasant surprises if a trade doesn’t go your way. In fact, Nadex doesn’t issue margin calls.

    Nadex Binary Options and Call Spreads give you staying power in fast-moving, volatile markets. Most traders know the frustration of having the market move against you, getting stopped out, and watching it move back into profit territory. With Nadex, you don’t get stopped out, ever. If and when the market comes back, you’re still in the trade. You can exit when you decide or hold to expiration.

    Trend-Follower? You’ll Love Nadex Call Spreads

    Most successful traders are trend followers in one form or another. However a longer trend can contain big fluctuations. What if you could trade only the part of the trend where you think the greatest profit potential is? And if the price went below that range, you would not lose more money nor would you get stopped out?

    Nadex Call Spreads let you trade a trend with that built-in floor and ceiling to protect you. Yes, your profit is no longer theoretically “unlimited,” but neither is your risk. That’s a trade-off many traders are happy to make, especially when it allows them to participate in lucrative markets like oil and gold, without all the stress that can come with it.

    Best Binary Options Brokers 2020:
    • BINARIUM
      BINARIUM

      Top Broker!
      Best Choice For Beginners!
      Free Trading Education!
      Free Demo Account!
      Big Sign-up Bonus!

    • BINOMO
      BINOMO

      Perfect For Experienced Traders!

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