Score
FinmaxFX
United Kingdom|5-10 years| https://finmaxfx.com/en
Website
Rating Index
Contact
Licenses
Licensed Institution：Max Capital Limited
License No.：41072
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
United Kingdom
5-10 years Suspicious Regulatory License Suspicious Scope of Business Vanuatu Retail Forex License Revoked High potential riskAccount Information
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Website
finmaxfx.com
Server Location
Russia
Website Domain Name
finmaxfx.com
Website
WHOIS.ENOM.COM
Company
ENOM, INC.
Domain Effective Date
2016-12-05
Server IP
45.157.141.26
Company Summary
General Information& Regulation
FinmaxFX is a Forex and CFDs broker based in Vanuatu. It is operated by Max Capital Limited, licensed by the Vanuatu Financial Services Commission (VFSC) under License No. 41072 and International Financial Market Relations Regulation Center (IFMRRC) under License No. TSRF RU 0395 AA V0150.
Market Instruments
FinmaxFX offers investors a range of financial instruments, including Forex, Stocks, Cryptocurrency, Energy carriers, Spot metals, Share Indexes, Commodity Futures, Bonds, etc.
Accounts & Leverage
Finmax FX offers 6 different account types. These are micro, mini, standard, standart+, premium and VIP account types. The Micro account can be opened with a deposit of as little as $250. $1,000 is sufficient to open a Mini account. Opening a Premium account requires a minimum deposit of $25,000. The base currency of trades is USD, EUR, and RUB for all account types. The maximum leverage is up to 1:200. The starting spread for the VIP account is 0.8 pips and 1.8 pips for the other five accounts.
Trading Platform
FinmaxFX provides clients with access to the MetaTrader 5 trading platform available for desktop and mobile devices.
Deposit & Withdrawal
FinmaxFX does not charge any fees for withdrawal. However, it is impossible to withdraw money without passing the verification procedure. Traders can deposit and withdraw profit using credit cards, wire transfers, as well as Skrill, Neteller, WebMoney, Yandex Money, Qiwi Wallet, and ePayments electronic payments.
Trading Hours
The forex market allows trading round the clock, from Monday to Friday. On weekends and holidays, the markets are closed. The trading hours of the forex market depend on the sessions. For example, in the Asian session, the forex market center in Tokyo, Hong Kong and Singapore opens from 00:00 to 08:00. In the European session, the center in London opens from 05:00 to 13:00. In the American session, the center in New York opens from 12:00 to 20:00.
Accepted Countries
FinmaxFX does not establish accounts to residents of certain jurisdictions including Japan, Canada and USA.
Customer Support
The brokers customer support is available during working hours (08:00 to 20:00 — GMT +3) via telephone and email.
Education
On the broker's Education page, you will find a selection of educational resources to help you hone your trading skills, including webinars, glossary, video lessons, and E-books.
Risk
Trading foreign exchange on margin carries a high level of risk, can result in losses and may not be suitable for everybody. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange or Contracts for Difference (CFDs) you should carefully consider your trading objectives, level of experience, and risk appetite.
Keywords
- 5-10 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- Vanuatu Retail Forex License Revoked
- High potential risk
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k109
Turkey
When I was working in Turkey, they persuaded me to invest all the money I earned while working in construction in the FinMaxFt company, which I met on the website, and we earned a good amount of money, but I don't know how to get back my capital, let alone the money I earned, please help me.
Exposure
2023-12-04
k109
Turkey
They want to take money from me, I don't understand how this works, please help.
Exposure
2023-11-02
k109
Turkey
Please wait, they said.
Exposure
2023-11-02
勇67862
Cambodia
The minimum deposit for Micro accounts is 250 and for Mini accounts at least 1 000... The spread fluctuates around 1.8 pips. It's outrageous... the VFSC regulatory license is also offshore... There are so many excellent brokers to choose from in the market, why choose FinmaxFX?
Neutral
2023-02-20
FX1241457852
New Zealand
it's quite unpleasant that the website of finmaxfx shows 403 forbidden, but I don't see any exposures on the internet, so maybe it's not necessarily a scammer. I hope so.
Neutral
2023-02-16