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Every day more and more people appear willing to trade on the financial market. However, not only the number of traders is growing, but also the number of companies, which makes it increasingly difficult for people to choose the best online broker for beginners.
This time we will look into the online Broker FinmaxFX and find out if you can trust them with your funds.
Basic information about FinmaxFX
Despite the fact that the FinmaxFX has appeared relatively recently, it is very trustworthy. The first thing the founders of the company have taken care of is the acquisition of the FSA license. The support of one of the most demanding UK regulators means that the company has serious intentions. Fraudulent companies often do not buy intermediary licenses, especially from such influential regulators.
The next factor confirming the reliability of this company is the great number of positive responses that can be found on various forums.
Special attention should be paid to the trading conditions of FinmaxFX. Clients can open accounts in US dollars and euros. The minimum deposit amount is $100, and the minimum transaction volume is $0.01. When trading, you can use leverage from 1:50 to 1:300. Spreads are relatively narrow - from 3 points.
Trading is carried out using the MetaTrader5 terminal. According to experienced participants of the financial market, this terminal is the most convenient and multifunctional. In addition, FinmaxFX offers their clients to use special mobile terminals for trading, which can be installed on smartphones and other gadgets running on Android and iOS operating systems.
Deposit and withdrawal of funds from the account can be carried out with the help of bank transfers, international payment systems, as well as electronic payment systems.
In case of any difficulties and questions, the client of FinmaxFX can contact the customer support team, which works 24 hours a day. To do this, you need to write an with a question or description of the problem to support@finmaxfx.com
Should you trust FinmaxFX
Decency and reliability of this company is confirmed by the following facts:
After the deposit is made, the client's funds are kept in a reliable European bank with the strictest regulatory rules;
In order to access the funds, the client must undergo an identity verification procedure;
The information about the broker's clients is under the protection system having 3 levels, due to which every trader can be sure of trading safety.
Based on the online broker reviews, FinmaxFX is among the best. Moreover, the ratings of this company increase every year due to the expansion of the list of available assets and the addition of new services. All this indicates that the broker is not going to leave the market at all.
Advantages and disadvantages of FinmaxFX
Opinions about advantages and disadvantages allow to form responses of experienced traders in the Internet. Among the advantages of FinmaxFX are the following
Efficiency in opening transactions;
Absence of delays;
Perfect operation of the trading terminal;
Absence of commission fees when depositing and withdrawing funds;
Prompt processing of requests for withdrawal of money;
disbursement of funds in full without delays.
There is no information about the shortcomings of the online broker's work in the network. Before moving on to real trading, FinmaxFX experts recommend you to try your hand at a demo account. It can be accessed immediately after registration. Online reviews say that this is the best online broker account for beginners. This account allows even experienced traders to test their capabilities and create their own trading strategy.
Trading conditions on a demo account are absolutely identical to those of real trading. Moreover, a demo account has all the tools and assets available in real accounts, which allows you to develop a strategy for each individual asset using a specific financial instrument.
What a beginner needs to know
The high popularity of the Forex market has led to a large number of trading strategies, which leads to confusion for beginners. In this regard, FinmaxFX has selected only the best strategies for beginners, which are tested in practice and really bring profit.
However, in order to learn how to trade independently and get a constant high income, FinmaxFX specialists offer their clients to take advantage of the broker's training program consisting of educational literature, video lessons and webinars.
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