How to choose a broker to trade binary options November 2020

A brokerage company is a specialized financial institution that provides intermediary services to its clients, which are traders and investors who want access to liquidity, i.e. assets, and technical resources, i.e. a platform, for direct trading.

The Binary Options Broker provides access to the asset market and the instruments through which the trades are executed, as well as to participants. It is mandatory for the company to provide the user with the technical resource that is the trading platform and its functionality.

Although the binary options market has been around for a short time, it is developing and improving rapidly, more and more brokers are appearing and advertising themselves to attract new audiences. Beginning traders, although also those with experience, are not so easy to immediately find the ideal intermediary and start working with him. In addition, the risk of falling into the hands of unscrupulous and fraudulent organizations, which lure money from investors and disappear, is not small. Even experienced traders have to look for a broker, passing from one company to another, and trying to find the best option that will combine efficiency, profitability and reliability.

So how do you choose a broker for binary trading and not fall into the hands of scammers? What kind of company does it have to be in order to trade on the plus side? Let’s look at the key aspects of how traders should look for a broker and what to look for in the first place.

Finmax analysis – how to determine the reliability of a binary options broker

Finmax Binary Broker is a striking example of a dynamic and innovative company that has gained the trust of millions of traders. It is a reliable and quality intermediary that focuses on the needs of its clients and offers quality and advantageous cooperation conditions.

Period of broker’s work on financial market

Finmax has been providing its financial and investment services in Europe, the CIS and Russia since 2015. It actively develops and improves its services, introduces new technological solutions and improves the quality of its services. The main mission of the company is to maximize the investment potential of a trader and help him earn money in a stable and efficient manner.

The founders of the company are a team of experienced traders who themselves started from scratch, know all the subtleties and problems on the way of development from novice to professional, hear the needs of modern customers and strive to adapt the company’s work to them, thus providing maximum comfort and convenience to each user.

Finmax brand is part of Morris Processing Ltd, but operates autonomously with its head office in Bulgaria.

Licensing of operations

The Binary Options Broker Finmax complies with all legislation and regulations in line with the EU Markets in Financial Instruments Directive. He is certified by the CROFR.

The first impression of the site

The official website of the company is https://finmaxbo.com/. It is designed in a laconic, calm color scheme, with an emphasis on key options and allows the trader to get all the important and necessary information to start trading.

The interface is in 9 languages, and the home page has support communication buttons – online chat or callback – to quickly resolve any issues that arise.

The information sections of the website are presented as follows:

  • section Options – all information about binary contracts and the benefits of trading them;
  • CFD section – what is trading in CFD contracts, what are its features and how to trade profitably;
  • Training section – contains useful reviews, articles, recommendations and literature on binary options for traders so that each client can obtain a theoretical base and apply it in practice, webinars, videos and strategies are also available;
  • section Tools – functionality and options for traders that allow them to carry out market analysis and make profitable decisions for concluding transactions.

Which trading conditions are offered by the broker

You can trade with a Finmax binary broker on these terms and conditions:

  • account replenishment from 250 USD;
  • 5 trading accounts with differentiated conditions;
  • it is possible to invest from 5 dollars in the transaction;
  • over 70 liquid assets for trading;
  • options with an exposition of 30 seconds to 6 months;
  • free demo account;
  • replenishment of the deposit without commission;
  • profit on transactions up to 90 percent;
  • bonuses to all customers.

Features of deposit replenishment and withdrawal

Traders can use the funds to deposit them:

  • by credit card (Visa, MasterCard);
  • an electronic wallet (QIWI, Webmoney);
  • payment system (Yandex.Money, Perfect Money);
  • by bank transfer.

Enrolment is made immediately and without commission.

Withdrawals are made using the above methods, and withdrawals are made within 48 hours of the request being made and with mandatory verification of the user account.

Availability of training facilities and demo accounts

Finmax offers its clients a free demo account to practice trading skills and test strategies with which you wish to trade binary options.

There is also a Training section available to all users, where you can read financial books, watch introductory videos, participate in webinars, learn the dictionary of key terms and learn about new strategies, indicators and useful tools.

Traders can use market reviews, news feeds and the economic calendar.

Summary

Finmax can be your reliable and loyal helper to get your binary options trading started correctly. The broker has modern technical resources and offers loyal trading conditions as well as chips and bonuses to its users, so you can start working with him and earn your profit from the first trades.

Finmax has established itself as an honest and honest financial intermediary, helping newcomers to develop and opening up new opportunities for experienced traders.

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