Finmax Forex Thailand – Review

FinmaxFx Thailand – Launched in 2015, FinmaxFX is an international Forex and CFDs broker that serves clients from over 120 countries around the world. It currently ranks among the brokers that offer the widest range of financial products, with more than 400 assets and instruments available for trading.

FinmaxFX is owned by Gatelinas, UAB, which is headquartered in Vilnius. The company is fully regulated by the International Financial Market Relations Regulation Center (IFMRRC) (Registration No. 304989422).

General Information – FinmaxFX Thailand

  • Regulated by: IFMRRC
  • Official site: https://finmaxfx.com
  • Foundation year: 2015
  • Headquarters: 14 Tsar Osvoboditel blvd. Sofia 1000, Bulgaria
  • Thailand traders allowed: Yes

Customer Service

  • Availability: 24/7
  • Supported languages: English, Russian, Arabic
  • Available contacting methods: Phone, Live Chat, Email, Skype, Social Media

Trading platforms and products

  • Trading platforms: MetaTrader 5 Web, Desktop, and Mobile
  • Tradable assets and instruments: 400+ in 8 different asset classes, including stocks, indices, Forex currency pairs, commodity futures, metals, energy carriers, bonds, and cryptocurrencies
  • Minimum position size: 0.01 lots
  • Maximum leverage: 1:200
  • Spread: from 1 pip
  • Commission on trades: No
  • Trading desk type: No dealing desk

Deposit and withdrawal options

  • Available payment methods: Visa/Mastercard, Bank Transfer, QIWI, Webmoney, Yandex, Skrill, and Neteller
  • Minimum deposit: $/€250• Minimum withdrawal: $/€25• Cash-out time: 1 – 3 business days

Promotions

  • Welcome bonus: up to 100%
  • Other promotions: Education, webinars, private training, trading signals, daily market reviews, and analysis
  • Demo account: Yes

Is FinmaxFX legal in Thailand?

Yes. More than 18,000 Thailand traders are trading at FinmaxFX. Thailand clients can access all services as well as enjoy offers and protection available at this broker. The traders from Thailand must comply with their local tax liabilities towards income from Forex trading.

Is FinmaxFX safe and reliable?

Yes. As a FinmaxFX client, you will enjoy maximum protection, including:

IFMRRC Compensation Fund Scheme (you can claim up to a maximum amount of $100,000 in cash in the unlikely event that FinmaxFX is bankrupt)

  • Fund segregation
  • Data protection (Advanced Encryption Standards 256 Bit)
  • Negative balance protection

What are the features of FinmaxFX?

The most notable feature of FinmaxFX is that the broker provides its clients with a diverse range of financial products. There are more than 400 assets and instruments available for trading here, including 250+ stocks from around the world, 20+ indices, 50+ Forex currency pairs, 8 commodity futures, 5 bonds, 7 metals, 3 energy carriers, and 30+ cryptocurrencies.

The second feature of this broker is that it offers many attractive promotions. As a FinmaxFX client, you can enjoy a welcome bonus of up to 100% of your deposit amount plus plenty of other interesting offers such as webinars, private training, trading signals, daily market reviews and analysis, and many more.

Besides, the broker also offers a rich and comprehensive education center where traders can learn to trade from A to Z. FinmaxFX’s high-level clients are even guided by personal account managers and senior analysts.

What types of trading accounts does FinmaxFX offer? 

At FinmaxFX, you can choose from the following 5 types of real trading accounts:

Micro account

  • Minimum deposit: $/€250
  • Maximum leverage: 1:200
  • Spread: from 3 pips
  • Withdrawal time: up to 48 hours
    Promotions:
  • A welcome bonus of up to 30% of the deposit amount
  • Private training: 1 time

Mini account

  • Minimum deposit: $/€1,000
  • Maximum leverage: 1:200
  • Spread: from 3 pips
  • Withdrawal time: up to 48 hours

Promotions:

  • A welcome bonus of up to 30% of the deposit amount
  • Private training: 2 times per week

Standard account

  • Minimum deposit: $/€5,000
  • Maximum leverage: 1:200
  • Spread: from 3 pips
  • Withdrawal time: up to 48 hours

Promotions:

  • A welcome bonus of up to 50% of the deposit amount
  • Private training: 2 times per week
  • Trading signals
  • Daily market reviews and analysis

Premium account

  • Minimum deposit: $/€25,000
  • Maximum leverage: 1:200
  • Spread: from 3 pips
  • Withdrawal time: up to 24 hours

Promotions:

  • A welcome bonus of up to 80% of the deposit amount
  • Private training: 3 times per week
  • Trading signals
  • Daily market reviews and analysis

VIP account

  • Minimum deposit: $/€100,000
  • Maximum leverage: 1:200
  • Spread: from 1 pip
  • Withdrawal time: up to 5 hours

Promotions:

  • A welcome bonus of up to 100% of the deposit amount
  • Private training: Not limited
  • Trading signals
  • Daily market reviews and analysis
  • 24/7 support

 

 FinMaxFx Free Demo Account

A demo account is also available at FinmaxFX with unlimited money and usage time. This account is very useful for testing trading strategies and Expert Advisors (EAs). A demo trading account is a must for every trader to test his trading strategy before applying them to a live account.

Which payment methods does FinmaxFX support?

FinmaxFX supports 7 modern payment methods, including:

  • Visa/Mastercard
  • Bank Transfer
  • Webmoney
  • Yandex
  • Skrill
  • Neteller
  • QIWI

Finmax Payment Methods

The minimum deposit at FinmaxFX is $/€250 (Micro account), while the minimum withdrawal is as low as $/€25. Your withdrawal requests are normally processed in less than 3 business days, with the payments sent to the method you used for funding.

Important note: To be able to cash out, you will have to verify your trading account by providing FinmaxFX with the following documents: 

  • A copy of your identity documents (Passport, driving license, National ID Card)
  • A copy of a document affirming your residential address (Utility bills, Bank Statement, etc.)
  • A copy of both sides of your credit card (only required if you make a deposit using this method).

Conclusion

Overall, FinmaxFX is a comprehensive and reliable broker. It provides an excellent trading environment with multiple options in assets, trading accounts, and payment methods.

The only minus point of FinmaxFX is that its spreads are not really competitive. However, with all other superior trading conditions, this broker still proves to be an ideal destination for Thailand market participants in particular and international traders in general.