Plus500 vs Finmax, for 2024
Read our In-Depth Plus500 vs Finmax Review - 2024 Update
Our comprehensive analysis of Plus500 and Finmax has been updated for 2024 by seasoned professionals with extensive expertise across Social Trading, Forex, & CFDs.
Please note that due to regulations for each broker, the content in this comparison of Plus500 vs Finmax does not apply to all countries as follows:
Plus500 Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Finmax Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare Plus500 vs Finmax
All platforms for online trading has some pros and cons, so a complete analysis of Plus500 vs Finmax would not be regarded as thorough without having a balanced approach.
Examine Finmax and Plus500 to get a better understanding of just how they compare against each other prior to you decide to open an account. Performing a side-by-side comparison will put things into perspective to ensure that you remain aware of what to expect.
So you are looking for a professional broker and are choosing between Plus500 or Finmax. Who should you choose?
This Plus500 vs Finmax comparison contains the most recent information so you can easily compare Finmax against Plus500.
If you are a new entrant in the realm of trading and brokers, so many details will be confusing for you. Getting into the world of trading requires expert analyzing skills and thorough knowledge. You'll get adept at all of the concepts of brokerage since you keep trading. For starters, you need to select the right broker who will be clear with you constantly.
Within this fast-paced world of stock markets and trading, you'll need guidance to make proper decisions. A professionally direct investment program has the potential to generate hefty returns. Plus500 and Finmax are just two such platforms which will take you along with your investment into great heights. It is important that you compare Plus500 vs Finmax until you trust them with your cash.
Our Plus500 vs Finmax comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust Plus500 and Finmax side by side.
Our full Plus500 vs Finmax Review covers everything you need to know about trading using either Plus500 or Finmax. A good broker can multiply your first investments and provide you positive profits. If you would like to make profits, you must trade with a brokerage service that aligns with your investment objectives.
There is no sure-fire method to ensure profits; therefore, you must carefully analyze your broker before you choose them. It is a common misconception that all brokers will be the same, but that is not correct. Wrong judgment, initially, can put your investments at risk.
Plus500 and Finmax are both brokers that have found their way successfully into the brokerage world. In this review, we have attempted to collate a number of the important facets of both Plus500 and Finmax. This review will allow you to understand whether either Finmax or Plus500 is a fantastic match for your own investments or not. We've tried to breakdown all the features and charges for your convenience.
Benefits of Plus500 and Finmax Compared
Plus500 has a minimum deposit of $100 while Finmax has a $0 minimum deposit.
Why smaller minimum deposits are good and how Plus500 and Finmax 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.
Plus500 allows you to trade around 2,000 financial instruments while Finmax has around 2,000 financial instruments available.
The more instruments you can trade on the Plus500 and Finmax 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 seriously do not want to miss out on a trading opportunity due to the limitations of Plus500 or Finmax.
Plus500 and Finmax Contact Details
Being able to contact an online trading platform simply is a sign of a professional broker. Plus500 and Finmax have the following contact details and social medias that you can use.
Broker | Plus500 | Finmax |
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Telephone Number | +972 4-818-9503 | |
Address | Bldg 25 Matam, Haifa, Haifa, Israel | |
Plus500 Twitter Account | Finmax Twitter Account | |
Plus500 Facebook Page | Finmax Facebook Page | |
Plus500 Instagram Account | Finmax Instagram Account | |
Plus500 LinkedIn Page | Finmax LinkedIn Page | |
YouTube | Plus500 YouTube Channel | Finmax YouTube Channel |
Find Out More |
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Finmax and Plus500 Mobile App Comparison
It is becoming increasingly important for brokers to offer simple-to-use apps that provide the same services as desktop platforms.
This part of comparing Plus500 and Finmax will examine whether their mobile app meets all our requirements.
Overall, we rate the user-friendliness of both apps as Better than the average.
It is important that any trading app has user friendly capabilities especially with the
Search Functions
While most brokers are good at this, there are some poor ones. For example, if you start typing 'Emerging markets', will the software find all the Emerging markets ETFs for you, even if their name doesn't start with 'emerging'? If you have only traded US stocks, and you start typing 'Apple', will the software show you either the obscure Irish stock Applegreen or the Apple stock?
Plus500 vs Finmax - Awards
Broker | Plus500 | Finmax |
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Awards |
Plus500 have won numerous industry awards over the time they have been operating as a financial broker. We show the most recognised awards for Plus500 here.
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At the time of writing this Finmax review, and despite Finmax’s impressive offering, the company has surprisingly not garnered any awards to date. |
Find Out More |
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Plus500 vs Finmax - Frequently Asked Questions
Plus500 vs Finmax - Headquarters And Year Of Founding
Plus500 was founded in 2008 and has its headquaters in Israel.
Finmax was founded in 2008 and has its headquaters in Bulgaria.
What is the minimum deposit for Finmax or Plus500
The minimum deposit for Plus500 is $100.
The minimum deposit for Finmax is $0.
Depending on your needs, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both Plus500 and Finmax are a good choice.
Plus500 vs Finmax - Regulation And Licencing In More Detail
Plus500 is regulated by Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546.
Finmax is regulated by Financial Services Authority (FSA).
Both Plus500 and Finmax have a powerful set of rules for ensuring honest trading on their platforms. For information encryption functions, they provide industry-standard secure socket layers (SSL).
In accordance with their own privacy regulations, client data is to not be shared with any other institutions or individuals. Including credit history and other financial details.
Compare Plus500 vs Finmax Commission And Fees
Plus500 and Finmax are online brokerage platforms, and many online brokerages charge lower prices than traditional brokerages tend to bill. The reason for this is that the businesses of online brokerages are scaled much better. That is, an internet broker isn't necessarily affected by the amount of clients they have.
However, this does not mean that online brokers don't charge any fees. They charge fees of varying rates for various services to make money. There are mainly three types of fees for this objective.
The first kind of charges to keep an eye out for are trading fees. When you make an actual trade, like purchasing a stock or an ETF, you are charged trading charges. In these cases, you are paying a spread, financing speed, or even a commission. The sorts of trading charges and the prices vary from broker to broker.
Commissions could be fixed or dependent on the traded quantity. On the other hand, a spread denotes the difference between the buying and selling cost. Financing or overnight rates are people that are billed when you hold a leveraged position for longer than a day.
Aside from trading fees, online agents also charge non-trading fees. These are dependent on the actions you undertake in your account. They're billed for surgeries like depositing money, not trading for lengthy periods, or withdrawals.
Generally, neither Plus500 or Finmax charge high fees compared to other online brokers. For operations other brokers fee for, they do not charge a brokerage fee, or they charge a smaller amount. This can be beneficial for those who often exchange, such as weekly or daily trading.
But, non-trading fees charged by Plus500 and Finmax are comparatively higher. As a result, you're billed more for non-trading actions on your trading account, such as deposits and withdrawal. These are not about the sale and purchase of assets.
This Plus500 vs Finmax review for 2024 breaks down each of the relevant non-trading charges for you in detail.
Compare Broker Fees For Plus500 And Finmax
What Languages Do Plus500 And Finmax Support?
Being able to chat completely with your trading broker is a key way of comparing trading platforms to find your perfect trading partner. Not only for support but to ensure you completely understand everything on their website and inside their application as it is a key part of success when trading online.
Here you will find all the languages that both Plus500 and Finmax offer communication in.
How Many Clients Do Plus500 and Finmax Have?
Both Plus500 and Finmax are well known and trusted. It is important to work with a broker that is reputable and one of the most simple ways of establishing this is by knowing how many clients they already work with.
Below you will find details of how many users Plus500 and Finmax are active on their platform
What Payment Methods Do Plus500 and Finmax Accept?
Plus500 and Finmax 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 Plus500 and Finmax
What Can You Trade With Plus500 and Finmax?
Plus500 offers 2,000 trading instruments whilst Finmax offers 99.
Below you will find a full breakdown of what both Plus500 and Finmax offer.
Plus500 Review
Plus500 vs Finmax:
Table Of Contents
- Compare Plus500 vs Finmax
- Benefits of Plus500 and Finmax Compared
- Finmax and Plus500 Mobile App Comparison
- Plus500 vs Finmax - Awards
- Plus500 vs Finmax - Frequently Asked Questions
- What is the minimum deposit for Finmax or Plus500
- Plus500 vs Finmax - Regulation And Licencing In More Detail
- Compare Broker Fees For Plus500 And Finmax
- What Languages Do Plus500 And Finmax Support?
- How Many Clients Do Plus500 and Finmax Have?
- What Payment Methods Do Plus500 and Finmax Accept?
- What Can You Trade With Plus500 and Finmax?