Is Finmax a Scam

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Consumer Reviews


Sell button only for gambling style

After making three month structural big profit Finmax froze my account this week. After three days on a row asking for an explanation still nobody has responded. Is this how Finmax treat their successful traders? Is their anybody who made real big profit and could withdraw it at Finmax?

I have traded with several brokers now and could mostly withdraw small profit’s, but never big profits. I begin to think that the whole BO industry is one big scam.

This is a email i receive from Finmax after taking a 600$ account to 2000$ i didn’t even request a withdrawal but they sent me this

Finmax informs you that your funds have been withdrawn from your trading account.

We are also required to notify you that our cooperation is finished, which means that you can no longer trade on Finmax and your trading account is blocked.

The reasons could be:

– Violation of the user agreement
– Management of funds on the account of a third party who does not belong to the trading account
– Trading on several accounts, hedging transactions on different accounts
– Provided forged documents that do not belong to the present owner of the account
– Trade with the help of third-party robot
– Management of funds on the account of a third party who does not belong to the trading account
– Trading on several accounts, hedging transactions on different accounts
– Provided forged documents that do not belong to the present owner of the account
– Trade with the help of third-party robot

so they took all my profit and gave me back my initial investment. i wont recommend broker to anyone at all stay away from them.

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About 3 months ago I open account on FINMAX.
My deposit was 250$. After about 2 weeks I wan’t to check how fast they make withdraw and place order to make withdraw 50$. It takes about 5 working days.Then I trade more becouse I see that FINMAX working ok. But it’s not OK.
When on my account was about 800 $ I ordered to withdraw 200$. But I never recive this money.
After about one week on my account there was 2200$ and it was blocked.
They don’t answer on email and them telephone is always busy.

FINMAX is totally scammers.

Good afternoon. I wanted to tell my story about working with the FINMAX broker. I registered and a few minutes later I received a call from Ekaterina Svetlova. Asked a couple of questions, everything as usual. She offered her help in the trade, I refused, I said that I trade on my own. Then he deposited a deposit in the amount of 1000Usd, went through verification and started trading. For 2 months I traded my deals in a positive way. Then every 3 days she called me and offered to earn in x4 more than I earn at the moment. She offered to make money on NFP and required replenishment of the deposit in the amount from 5000USD to 10000USD. Orgumenized by the fact that Trump does not lie that he will raise% and all the deals she wants me to offer 100% winning and enter the market with 5k USD. I found out that their expectations for the NFP were not justified and I would lose 5k minimum. In general, the proposals for large earnings and replenishment of the deposit were constantly flying. It involved psychological pressure, tricks, various facts that I told during a conversation against me and that I would increase the deposit. I was in the mood, everything, and I left an application for withdrawal of my deposit, I was approved of it, but still had to explain to Catherine why I’m withdrawing money, apparently just do not give it away. Next, a week later I made a second request for the withdrawal of profits in the amount of 2000Usd, after which my account, email and phone were blocked (March 23, 2020). I called and wrote from other means of communication, but it all ended with dropping a call or eating breakfast, we’ll give it to our superiors and that we’ll deal with your account now, wait. Center for Regulation of Financial Relations CROFR, also did not help me and ignored all complaints and evidence.
Profit 0 and 2 lossless months, got into debt, still get out.

5 Star rating removed.

This review did not come from Germany. It came from the same location in the Ukraine which was used by a Finmax employee to contact the FPA.

Per FPA policy, the rating on this review has been set to Zero stars.

The FPA does no appreciate review spammers.

FinMax Review

FinMax Binary Trading

FinMax is a young broker, which began its operations in early 2020. The company’s management consists of professional analysts and traders, who not only had time to become familiar with the digital options market but literally stood at its source participating in its development. They were able to create a trading platform, in which they took into account the strengths of financial instruments and fixed weaknesses.

First of all, we should note in our FinMax review, that the founders of this company engaged in security solution of their customers and their funds. In addition to the privacy of personal information, the revolutionary system was implemented by employees of the provider, which deprives management consultants access to personal accounts of traders. This means that no employee will know the password to your account. It is no secret that there were stories that the staff of well-known brokers performed manipulations with the accounts of their users, and “poured” traders’ money. With FinMax broker, such situations are completely excluded.

FinMax Binary Trading – Instruments

FinMax binary trading provides an innovative, intuitive and just a very convenient trading platform, where literally everything is in sight. In your workspace, you will see a graph that you can switch to a preferred view – a schematic or a candle, and temporal scales, the most popular assets, selected assets, all kinds of expiration, the RSI indicator (Relative Strength Index) and SMA (simple moving average), management tools and risk information on opened and closed trades. On the one side of the trading platform, there is a trade management window that will allow you to open trades in just 1-2 clicks.

At this moment, you can use two tools for trading – High / Low and one Ladder type of option, which is called Above / Below. Expiry time ranges from 30 seconds to days, and all timeframes with potential payouts are right in front of your eyes, which allows to diversify your strategy and to choose the most profitable deal for you.

It is worth mentioning in our FinMax review that this broker provides excellent tools for managing trading risks. The “hedge” automatically opens a trade in the opposite direction if you start to doubt the correctness of your previous decision. Thus, you will bring your losses from unsuccessful decisions to a minimum. If everything goes according to plan, you have the option to double your bet, thus you will not miss the opportunity to earn more in a shorter amount of time. Last but not the least important function is to sell an option or as it is called: Early Closure. This option will help you to reduce loss or earn less, but surely.

Minimum Deposit $250
Maximum Deposit Unlimited
Bonus Welcome Bonus
Minimum Trade Size $5
Trading Platform TradeSmarter
Account Types Bronze, Gold, Platinum VIP, Silver
Demo Account
Islamic Account
Account Currencies USD
Payment Methods
Withdrawal Fees
Traders From USA
Options Trading
Option Types Above/Below, High-Low
Return Rates 90%
Safety Net No
Touch Options (Max Rates) 0%
Educational tools Advanced In-Depth Course Beginner Economic Calendar Beginner Video Tutorials Intermediate Webinars Intermediate Economic Calendar Intermediate Video Tutorials Advanced Webinars Advanced Daily Market Analysis Advanced Trading Lessons Advanced Interactive Course Advanced Glossary Extras Economic News Extras Expiry Prices Extras FAQ Extras
Assets Commodities, Forex Pairs, Indices, Stocks,
Commodities Crude Oil Futures, Copper Futures, Natural Gas Future, Gold, Silver, Gold/GBP
Customer Support
Email [email protected]
Contact form
Live Chat
Call Back
Support Hours 24/7
Supported Languages

Touch Options Payout (Max)

FinMax Withdrawal

To complete the registration with a broker, you will need to pass the verification of identity, in order in the future, not to be encountered in unpleasant situations, especially when you want to make FinMax withdrawal. This step once again emphasizes the fact that the firm’s management is most meticulously suited to all the nuances of the business, especially for its shortcomings, to facilitate the work of its users. To make a deposit, you can use the popular credit cards as Visa and MasterCard, and electronic wallets as QiWi or Yandex, as well as a bank transfer. It should be remembered that FinMax withdrawal proceeds in the same manner as the account funding. The process of the withdrawal can take up to 48 hours, which can not but rejoice.

FinMax Minimum Deposit

In addition to the demo account, the company offers its users a choice of two trading accounts. Demo account requires registration, but you will not need to deposit money into the account, which sets FinMax apart from other brokers that require a deposit to access the demo. You can use this demo service for one week, after which you will be prompted to open Real or VIP accounts.

Real account will provide you with all the features of the platform, including more than 75 types of assets, help of consultant manager, training courses, including video materials, as well as a bonus of up to 50%. FinMax minimum deposit is only $ 250.

VIP account will require from you FinMax minimum deposit of $ 1000, and in addition to all the benefits listed in the Real type of account, it includes a personal manager, the opportunity to attend webinars, rapid FinMax withdrawal (up to 48 hours) and a bonus of up to 100%.

Regarding the bonuses, in our FinMax review we should mention that the longer you work with a broker, the more bonus you can get – up to 150% of the deposit amount. Bonus Terms require turnover to $ 30 per each bonus dollar to get an ability to withdraw funds. The platform has a great graphic design of your progress to simulate the bonus. Do not forget that if you try to withdraw money before you make a turnover of the whole bonus, you can lose the entire bonus, and all the profits made with the help of it.

FinMax Binary Trading – Support

Broker’s platform has two interface languages – English and Russian while it is oriented mainly on the Russian-speaking traders so that communication with the consultants is precisely in Russian. You can contact them by all available ways: e-mail, by phone, via a web form, online chat and Skype. The broker has a phone number in the Russian Federation, Ukraine and Kazakhstan. Its customer service is 24/7, allowing you to get an answer to any question beginning with the consultations on the work of the platform, ending the issue of cooperation.

Besides, we would like to mention in this FinMax review that it provides an intensive training system, which is divided into levels, starting from the basic, ending the training of technical analysis and advanced webinars. During training, your progress will be rendered to you, so you can easier track your progress. Plus, the broker provides its customers with a variety of analytical tools, which include market and assets reviews, news about the latest developments in the world of finance, economic calendar and trading signals. Signals can help advanced traders to switch over their trade in semi-automatic mode, and it can help beginners to get started in the world of binary trading.

FinMax Scam

Since the broker is a newcomer on the market, it is very difficult to find any reviews about FinMax scam and evaluate its reliability or probability to get on FinMax scam. And even though this provider currently has no license, we have no reason not to trust this broker. Moreover, if we pay attention to the work done to improve the security of traders, including an automated process of identity verification and the protection of customers from interference by personal managers.

Whatever the case, you need to be careful even with the most reliable brokers, because binary trading is always connected with high incomes and corresponding risks. We advise you to read carefully the terms of the agreement with this company when you make a registration with the company and to pay great attention to the section about the bonuses, and it is one of the key features of never getting on FinMax scam

FINMAX FX: they hide their faces

Victor Yurkovsky warns people about FINMAX FX:

This is a Scam company.They don’t have licenses from any regulator.Their licenses are completely fake. Don’t believe a word they say. July 26, 2020. Reset the Deposit to $ 10500.

They hide their faces. They will not let you earn 100%.

Ask them to show their faces (they hide them very carefully).

They are prohibited from operating on the territory of the Russian Federation.

Finmax scam or not? – Review 2020

Is Finmax scam or a reliable broker for Binary Options and Forex/CFD? – Sometimes it is hard to find a good broker because the best selection of brokers is quite large. In this review, I will have an accurately at the broker Finmax. Is it worth to invest your money there or not? Read more about the conditions for traders in this review.

Review: (4.6 / 5)
Regulation: IFMRRC
Free demo account:
Minimum Deposit: 25$
Minimum Trade amount: 5$
Social Trading:
Special: Binary Options, Forex and CFDs
Assets Profit: 90%+
Support: Phone, Chat, Email

More than 70 different assets

User-friendly trading platform

Different account types

What is Finmax? – The Broker presented

Finmax is an international broker for Binary Options, Forex, and CFD since 2020. The company is based in 14 Tsar Osvoboditel blvd. Sofia 1000, Bulgaria and an agent of the IK Partners Ltd. The Website is owned by Morris Processing Ltd 372 Old Street, Suite 1, London, England, EC1V 9LT.

The Broker says that they provide the best service for their clients. With them, it is safe to invest. Traders can bet on their platform with different financial products on rising or falling markets. There is the possibility to get a very high return on investing money. They accept traders from all around the world. In this review, I will prove their statements and find out if it is worth to invest money.

The main goals of Finmax:

  • Make it easy to trade with the chance of high profit
  • An individual approach of each client
  • Transparency of trading and transactions
  • A flexible platform with a large variety of assets

Regulation and safety of customer funds

It is very important to get a reliable broker for financial investments which is regulated and licensed. Finmax is regulated for Binary Options and Forex by the IFMRRC. Also, they got a European bank and some popular awards. The site is secured by SSL, Comodo Secure and VeriSign Trusted. First of all, does not look like Finmax is a scam.

Finmax trade offer and conditions

Finmax provides you the service to trade more than 70 different assets. There are Forex, Commodities, Stocks, and Cryptocurrencies to trade. The account opening amount is quite low with 250$. Also, the minimum investment of a trade is very low by 5$ too.

The asset profit is between 70 – 90%. That depends on the asset which you like to trade. The most traded assets like EUR/USD got the highest asset profit. Binary Options are very flexible on the Finmax platform. You can use short-term trading starting with 30-second trades and longterm trading with a time horizon of more than 2 weeks.

The maximum leverage for Forex and CFD Trading is by 1:200. With one click you can change between Binary Options trading and Forex/CFD trading. That makes the platform very flexible.

The best conditions with Finmax:

  • More than 70 different assets
  • Forex, Commodities, Cryptocurrencies, Stocks
  • Asset profit of 70 – 90% for Binaries
  • Trade Binary Options and Forex/CFD on one platform
  • Maximum leverage 1:200
Support: Aviable: Phone: Adress:
Phone, Chat, Email 24/5 +357 (22) 008-852 14 Tsar Osvoboditel blvd. Sofia 1000, Bulgaria.

Have a look on the trading platform of Finmax

Finmax offers a unique trading platform. From my experience, the platform is very flexible and user-friendly. For beginners, it should not be a problem to learn to trade in a few steps. For more information, beginners can watch video tutorials or ask the support for service.

The platform is available for your computer (browser) and app for your smartphone or tablet. Nowadays mobile trading is very popular. You can check your trading account from everywhere with your smartphone.

Also, Finmax provides transparency for your transactions. It is easy to see it very clear what is now happening with your trade in the market. On the left side, you see your personal account balance and the trading dashboard. Open your trades in less than 1 second. The trade execution on the Finmax platform is very fast too. There are no lags and other problems.

The user-friendly platform enables clients to chose from a wide range of flexible expiry times for binary trading. Depending on your trading style you can choose from short, middle and long-term time horizons.

Charting and analysis

Another important point for traders is the charting and functions. The trading platform should be the best tool for your analysis. Professional traders use technical analysis for profitable trading Binary Options. That includes drawing tools, indicators and chart types.

Finmax offers 3 different chart types on the platform. The candlesticks are the most common type for analysis. You get more knowledge about the market by using candlestick. You will see the open, close, high and low of the market in a certain time period.


  • Line Chart
  • Mountain Chart
  • Candlestick Chart
  • Bar Chart

Free and professional indicators

Indicators are available on the trading platform too. In addition, the brokers offer you more than 20 different indicators for trading. Indicators are mathematic formulas for predicting the price movement in the future. Use moving average, RSI, Bollinger Bands and more than 20 other indicators on the platform. Also, you can customize them as you want. This is a big advantage for Finmax.

Use technical drawing tools for more profit

Drawing tools are used for technical analysis. They are the best way to predict trends or trade support and resistance strategies. Use horizontal lines, vertical lines and trend lines for analysis.

In addition, Finmax offers video tutorials and webinars for using technical analytics correctly. Often the daily market update shows you different analysis with drawing tools. Everything is explained by the experts of Finmax.

Advanced Charts

In addition to the Finmax trading platform, you can use advanced charts. They are available by the biggest market data provider TradingView.

Advanced charts by TradingView

There are more indicators, technical drawing tools and functions available. You can open the advanced charts next to the trading platform. I recommend using 2 different screens for a better overview. In conclusion, the broker offers tools that are needed by traders. It is possible to trade any strategy on Finmax by using indicators and technical analysis. In addition, the platform looks structured. There are no lags and the trade execution is quite fast.

Mobile Trading by Finmax App

On the other hand, you can use the trading platform on your smartphone. The app is available for Android and iOs. The functions are the same as in the web-based version. Directly get access to a wide range of assets and financial products. Also, support is available in the app. Use the app to control your portfolio from any place in the world.

Finmax looks like a reliable trading platform for beginners and advanced traders. The range of offers is large and compared to other brokers one of the best.

How to use Finmax? – Trading Tutorial

With Finmax you can bet on rising and falling markets at the same time. The broker offers you the financial products Binary Options and Forex/CFD as mentioned before. Binary Options are easy to understand and much more popular. That is why I focus on this financial product in this section.

How does Finmax work? – It is simple and easy. You have to make the right forecast for an asset to get a payout on a certain time horizon. Binary Options is like betting on an underlying asset. This financial product shows you the possibility to make a high profit with imagining the right direction of the markets. No matter how much the market moves, the price only has to be higher or lower than your entry point. After a certain expiry time, the trade is closed automatically. You can choose between long and short expiry times.

Example: EUR/USD – 75% profit

If you bet 100$ and make the right forecast, you will get a payout of 175$ after the trade is closed. The 100$ is the return of your investment and the 75$ is your profit.

Invest in falling or rising markets with one click

As you see in the upper picture the market only can go in 2 different ways and there is only the possibility to make a loss or a win. Sometimes the profit depends on the asset and the expiry time of the trade. The broker offers you to practice this financial product in the demo account or give you a risk-free trade.

Get a higher account type for more profit

As mentioned before Finmax offers different account types for traders. There are more than 6 different accounts for Binary Options. The status of the account depends on the deposit. It is a good way to improve your profit in trading or get a free and higher bonus for your account. All in all, I like the account types system because it is unique and better than the most other brokers.

With a higher deposit you get:

  • Better support through different account managers
  • Higher bonus
  • Risk-free trades
  • Withdrawal with no fees
  • Free webinars
  • Signals and more
  • No fees withdrawal

The biggest advantages are the higher return of profit in the gold, platinum or VIP account. It can be between 2 and 6%. Imagine if you make 6% more profit each trade, it is a huge amount of money after 1 week or 1 month.

Open your demo account with Finmax

Especially for new traders and beginners, a demo account is important. Finmax offers you an unlimited and free demo account. You can test the trading platform for free and make your first experience in trading with Binary Options or Forex/CFD. Beginners can learn more about financial products with virtual money. It is trading without risk.

Advanced traders can improve their strategies or develop a new one. The demo account should be available with every broker. Finmax shows you that service. From my experience, there are no differences between the real and demo account. Just change with one click on the platform your account between demo and real.

Open your free demo account now.

How to open your real account

To open a real account is very easy with Finmax. Just sign in with your personal data and you will get access to the trading platform. It is possible to deposit and trade without verification. I personally recommend doing the verification first. Upload a picture of your passport and utility bill to get full access to the trading platform. Withdrawals without verification are not allowed.

Deposit in few steps with different payment methods. Sometimes it depends on your country. Directly you can choose a bonus for your first deposit. The first deposit amount is 250$

Withdrawal and deposit with Finmax

The withdrawal of your profit is very easy too. Use the same payment method like your deposit for the withdrawal. In my review, the withdrawal takes only 48 hours to process. With a higher account type, it is possible to get faster withdrawals (24 hours). In conclusion, the withdrawals with Finmax are very easy to do and with a Bronze account, you do not pay any fees at your first withdrawal.

Deposit Bonus:

Like most other brokers, Finmax offers a deposit bonus to each client. In the basic account, the bonus is 25%. With other account types, the bonus can be up to 100%. Another special of the broker is the risk-free trades. That means if you make a loss, you get it paid back by the broker. The money is credited as a bonus.

Bonus Conditions:

Bonuses always linked to a condition. You have to do a certain turnover (trading volume) after the activation of a bonus! The turnover of the Finmax bonus is x40. That means if you activate the bonus of 100% to your deposit of 10.000$, you will get additionally 10.000$ credited as a bonus. 10.000$ x 40 = 400.000$ turnover (trading volume). You can only withdraw your money after the achievement of the 400.000$ turnover.

Review of the support and service for traders

Another important point of this review is to check the customer support and service. Finmax offers you 24/5 support and service via phone, email, and chat. They speak more than 8 languages and the broker accepts international traders. If you got questions the FAQ (frequently asked questions) or the live-chat is the fastest to answer your question. From my experience, the customer support of Finmax is one of the best. They answer fast and competently.

Also, the service for customers is at a high level. They got a huge range of account managers and support employees. Each trader gets his own personal account manager. You can ask them for a 1 v 1 coaching or trading tutorials. In addition, there are webinars and daily analysis for each customer. Improve your own strategies or search for trading ideas from Finmax. In conclusion, it is reliable support and service.

Facts about the service:

  • 24/5 support and service
  • More than 8 languages
  • Phone, Email, and Chat-support
  • Free education
  • Free weekly webinars
  • 1 to 1 coachings

Is Finmax legit? – Scam or not? – My review 2020

Finmax is very interesting for beginners or advanced traders. In this review, I showed you the fact about the broker. In conclusion, I have to say that it is not a scam. My test with real money showed it that it is a reliable company for beginners and successful traders. Open your personal account in a few seconds.

The platform is very user-friendly and easy to use. It is the right place for beginners to learn successfully in trading the markets. In addition, the conditions for traders at it´s best. Trade more than 70 assets with the chance of a high asset profit. At the moment Finmax is one of the best brokers out there for Binary Options.


Minimum deposit of 25$ and minimum trade amount of 5$

Good customer service (support)

Flexible platform and social trading

The best trading conditions and offers

Free demo account to practise unlimited

Wide range of assets and expiry time for Binary Options

Finmax shows that they can give their traders the best conditions and service for trading successfully (4.6 / 5)

Best Binary Options Brokers 2021:
  • EvoTrade

    The Best Broker! 15 000 $ Welcome Bonus!

  • NS Broker
    NS Broker

    10 000$ welcome bonus!


    The Best Binary Options Broker 2020!
    Perfect For Beginners and Middle-Leveled Traders!
    Free Education.
    Free Demo Account.
    Get Your Sign-Up Bonus Now!


    Recommended Only For Experienced Traders!

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