Finmax vs Binary.com, Updated for 2024
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Binary.com Rating
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Finmax vs Binary.com Guide |
Read our In-Depth Finmax vs Binary.com Review - 2024 Update
This review comparing Finmax and Binary.com has been refreshed for 2024 by knowledgeable insiders with extensive expertise across CFDs, Forex, & Social Trading.
Please note that due to regulations for each broker, the content in this comparison of Finmax vs Binary.com does not apply to all countries as follows:
Finmax Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Binary.com Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare Finmax vs Binary.com
Every online trading platforms will have a few advantages and disadvantages, and any comprehensive analysis of Finmax vs Binary.com cannnot be regarded as thorough without adopting an objective perspective.
Assess Binary.com and Finmax to get a better understanding of just how these platforms compare to each other prior to you choose to make an account. A comprehensive comparison helps to put things into perspective to ensure that you're aware of the expectations.
So you are looking for an online trading platform and are choosing between Finmax or Binary.com. Who should you choose?
Our Finmax vs Binary.com comparison contains the latest information so you can easily compare Binary.com against Finmax.
If you are a new entrant in the world of trading and brokers, so many facts will be confusing for you. Getting into the world of trading demands expert assessing skills and thorough knowledge. You will get adept at all the concepts of broker as you continue trading. For starters, you need to choose the right agent who'll be transparent with you constantly.
In this fast-paced world of stock markets and trading, you will need advice to make correct decisions. A professionally lead investment program has the potential to generate hefty returns. Finmax and Binary.com are two such stages which will take you along with your investment into great heights. It is important that you compare Finmax vs Binary.com before you trust them with your money.
Our Finmax vs Binary.com comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust Finmax and Binary.com side by side.
Our entire Finmax vs Binary.com Review covers everything you will need to learn about trading with either Finmax or Binary.com. A good agent can multiply your first investments and provide you positive profits. If you would like to earn profits, you should trade with a brokerage service that aligns with your investing goals.
There is no sure-fire way to guarantee profits; therefore, you should carefully analyze your agent before you select them. It's a common misconception that all brokers will be the same, but that's not correct. Wrong judgment, initially, can set your investments in danger.
Finmax and Binary.com are both brokers that have found their way successfully to the broker world. Within this review, we've tried to collate a number of the vital facets of both Finmax and Binary.com. This review will help you to understand whether either Binary.com or Finmax is a good fit for your own investments or not. We have attempted to breakdown all the features and fees for your advantage.
Benefits of Finmax and Binary.com Compared
Finmax has a minimum deposit of $0 while Binary.com offers a $250 minimum deposit.
Why smaller minimum deposits are good and how Finmax and Binary.com compare
The main reason is that you should only deposit what you can afford. If you you have a lower budget, the broker that offers the lowest deposit option will be more attractive. The other reason is because when speculating on riskier but potentially more rewarding financial instruments you should look to speculate with only a small percentage of your allocated trading funds. Don't let a higher minimum deposit totally put you off a broker, look at the overall trading features you are getting from the trading platform. Often a high minimum deposit gives greater choice in the financial assets and trading platform research features.
Finmax allows you to trade around 99 financial instruments while Binary.com allows you to trade around 99 on their platform.
The more instruments you can trade on the Finmax and Binary.com trading platforms the better. It is good to have a diverse portfolio and the options available to a user will always vary. Trading is all about grasping potential opportunities and you never want to miss out on a trading opportunity due to the limitations of Finmax or Binary.com.
Finmax and Binary.com Contact Details
Being able to contact an online trading platform easily is a sign of a professional broker. Finmax and Binary.com have the following contact details and social medias that you can use.
Broker | Finmax | Binary.com |
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Finmax Twitter Account | Binary.com Twitter Account | |
Finmax Facebook Page | Binary.com Facebook Page | |
Finmax Instagram Account | Binary.com Instagram Account | |
Finmax LinkedIn Page | Binary.com LinkedIn Page | |
YouTube | Finmax YouTube Channel | Binary.com YouTube Channel |
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Binary.com and Finmax Mobile App Comparison
As more and more traders and investors use their smartphones for trading, it is increasingly important that brokers offer easy-to-use apps that can deliver the same services as desktop platforms.
This part of comparing Finmax and Binary.com will examine whether their mobile app meets all our requirements.
Overall, we rate the user-friendliness of both apps as better than average.
It is important that any trading app has user friendly capabilities especially with the
Search Functions
Although most brokers do OK in this area, there are some bad apples out there. If you type 'Emerging markets' into the search box, the software will find all Emerging market ETFs, even if the name doesn't begin with 'emerging'. If you only ever traded US stocks and start typing 'Apple', will the AI show you the Apple stock or the obscure Irish stock Applegreen?
Finmax vs Binary.com - Awards
Finmax vs Binary.com - Frequently Asked Questions
Finmax vs Binary.com - Headquarters And Year Of Founding
Finmax was founded in 2008 and has its headquaters in Bulgaria.
Binary.com was founded in 2014 and has its head office in United States.
What is the minimum deposit for Binary.com or Finmax
The minimum deposit for Finmax is $0.
The minimum deposit for Binary.com is $250.
Depending on your current situation, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both Finmax and Binary.com are a good option.
Finmax vs Binary.com - Regulation And Licencing In More Detail
Finmax is regulated by Financial Services Authority (FSA).
Binary.com is regulated by Unregulated.
Binary.com is unregulated but Finmax has a powerful collection of rules for ensuring honest trading onto its platforms. For information encryption purposes, they provide industry-standard secure socket layer (SSL).
As per their own privacy policy, customer information is never to be shared with any other institutions or individuals. Including credit history and other financial details.
Compare Finmax vs Binary.com Commission And Fees
Finmax and Binary.com are online broker platforms, and many online brokerages charge lower prices than traditional brokerages tend to bill. The cause of this is that the companies of online trading platforms are scaled better. That is, an internet broker is not necessarily affected by the amount of customers they have.
However, this doesn't necessarily mean that online brokers don't charge any fees. They charge prices of varying rates for a variety of services to make money. There are primarily three types of penalties for this purpose.
The first kind of charges to keep an eye out for are trading charges. When you make a genuine trade, like buying a stock or an ETF, you're billed trading charges. In such instances, you are paying a spread, funding speed, or even a commission. The kinds of trading fees and the rates differ from broker to broker.
Commissions could be fixed or determined by the traded volume. On the other hand, a spread refers to the gap between the buying and selling price. Financing or overnight rates are people that are billed when you hold a leveraged position for longer than daily.
Aside from trading fees, online brokers also charge non-trading fees. These are dependent on the activities you undertake in your accounts. They're billed for operations like depositing money, not trading for long periods, or withdrawals.
Generally, neither Finmax or Binary.com charge high fees in comparison to other online agents. For operations other brokers fee for, they do not charge a broker fee, or they charge a smaller sum. This can be beneficial for people who often trade, for example daily or weekly trading.
However, non-trading fees billed by Finmax and Binary.com are relatively higher. Consequently, you are billed more for non-trading activities in your trading account, like deposits and withdrawal. These aren't about the purchase and sale of assets.
This Finmax vs Binary.com review for 2024 breaks down each of the applicable non-trading charges for you in detail.
Compare Broker Fees For Finmax And Binary.com
Broker | Finmax | Binary.com |
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Minimum Deposit | $0 | $250 |
Withdrawal Fees | No | Yes |
Inactivity Fees | Yes | Yes |
Deposit Fees | No | Yes |
CFD Fees | No | Yes |
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What Languages Do Finmax And Binary.com Support?
Being able to talk completely with your online broker is a key part of comparing trading platforms to find your perfect trading partner. Not only for support but to be sure you completely understand everything on their site and inside their app as it is a key factor to success when trading online.
Here you will find all the languages that both Finmax and Binary.com support.
Broker | Finmax | Binary.com |
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Languages Supported | English, and Chinese | English, and Chinese |
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How Many Clients Do Finmax and Binary.com Have?
Both Finmax and Binary.com are well established with their client base. It is important to work with a broker that is reputable and one of the most simple ways of understanding this is by knowing how many clients are using their services.
Below you will find details of how many customers Finmax and Binary.com have
Broker | Finmax | Binary.com |
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Clients / Users | 10,000+ | 10,000+ |
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What Payment Methods Do Finmax and Binary.com Accept?
Finmax and Binary.com both offer a wide range of payment options which is vital when you have a global customer base.
Below you will find details of all the payment options available at Finmax and Binary.com
Broker | Finmax | Binary.com |
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Bank Transfers | Yes | Yes |
Credit Cards | Yes | Yes |
PayPal | No | No |
Skrill | No | No |
Payoneer | Yes | Yes |
Neteller | No | No |
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What Can You Trade With Finmax and Binary.com?
Finmax offers 99 trading instruments whilst Binary.com offers 53.
Below you will find a full breakdown of what both Finmax and Binary.com offer.
Finmax Review
Finmax vs Binary.com:
Table Of Contents
- Compare Finmax vs Binary.com
- Benefits of Finmax and Binary.com Compared
- Binary.com and Finmax Mobile App Comparison
- Finmax vs Binary.com - Awards
- Finmax vs Binary.com - Frequently Asked Questions
- What is the minimum deposit for Binary.com or Finmax
- Finmax vs Binary.com - Regulation And Licencing In More Detail
- Compare Broker Fees For Finmax And Binary.com
- What Languages Do Finmax And Binary.com Support?
- How Many Clients Do Finmax and Binary.com Have?
- What Payment Methods Do Finmax and Binary.com Accept?
- What Can You Trade With Finmax and Binary.com?