Which binary options broker should I choose November 2020

A financial broker is a specialized company that provides services to its clients-investors wishing to trade currencies, securities, binary options, CFDs and other liquid assets. In other words, the broker provides traders with access to the market, its participants and the assets that turn around on it. In addition, the brokerage company’s tasks include providing technical resources in the form of a platform or a terminal, so that the trader can carry out his activities comfortably and in full functionality.

The binary options market is rapidly developing and improving, with more and more companies offering their brokerage services. These may include unscrupulous and fraudulent offices that want to profit from client money and take advantage of the naivety of beginners. But even if you are bypassed by swindlers, it is still difficult to make up your mind and choose the right broker with whom you will feel comfortable and profitable to work.

Traders often have to try cooperation with different intermediaries, move from one to the other in order to find the best trading conditions for themselves and evaluate the quality of the company’s own work.

Key aspects of choosing the right binary broker

And what about newcomers who only get to know the market and do not know the intricacies of searching for brokerage companies? How do you find one so that you can be lucky and have a good job?

There are several key aspects of how to choose the right broker and what to look for in the first place:

  • license documents;
  • how long the broker has been working in the market;
  • how the website is designed, whether it is convenient to use it;
  • main trading conditions;
  • how to replenish the account and withdraw funds;
  • whether there is a demo account and training.

Using the example of a Finmax broker, we will look at each aspect in more detail – it will allow you to evaluate the work of the company and highlight its advantages, as far as the broker is suitable for you and your trading objectives.

Finmax licence documents

Finmax provides its financial services exclusively in compliance with all legal regulations and is guided by the European Union’s Markets in Financial Instruments Directive.

On the territory of Russia, operations are regulated under the license of the Federal Service for Financial Markets, and the company’s mission is to help each customer to develop his investment potential and learn to trade properly.

How long has Finmax been on the market

Finmax started its operations in 2015 and in a relatively short period of time has been able to take a leading position in the binary trading segment. Founded by a team of professional traders, it focuses on the customer and his needs, thus improving its work, improving the quality of services, introducing innovations and technologies.

The company is a subsidiary of Morris Processing Ltd., but operates as a separate brand with its head office registered in the Bulgarian capital Sofia.

Binary broker Finmax is a vivid example of a dynamically developing company that seeks to create comfort and security for all its clients, offers beneficial conditions for cooperation and maintains its status of a reliable and honest financial services provider.

Features of the Finmax brokerage website

The site’s interface offers 8 languages to choose from, so each trader chooses a variant that is convenient for him or her. The company’s activity is focused on the European region and CIS countries, and binary trading services are partially available in the Asian region.

You can register immediately and create your own trading account on the main page https://finmaxbo.com/. The procedure takes several minutes and you can access the platform immediately. The user is also given free access to the information sections:

  • Options – all about binary options and how to trade them, what assets are available for work;
  • CFD trading – principles of making transactions with CFD contracts and advantages of this type of trading;
  • Training – all materials that help expand theoretical knowledge about the binary options market in order to improve the quality of their trading (training videos, books, thematic webinars, strategy descriptions, etc.);
  • The tools are the options that a trader needs in order to carry out qualitative market analysis in order to make correct and profitable trading decisions.

The broker’s website https://finmaxbo.com/ is designed succinctly and in a pleasant color scheme, with content and functionality so that everyone can use it comfortably for their trading purposes.

Main trading conditions Finmax

The Broker offers traders to conclude transactions on the following conditions:

  • the minimum deposit is $250;
  • replenishment of the account in roubles, dollars or euros;
  • the minimum amount for the transaction is $5;
  • profit level – up to 90 percent;
  • 5 trading accounts;
  • bonuses for replenishing the deposit.

How to deposit and withdraw money from your account via Finmax

The Company has created the most loyal and convenient conditions for cooperation with customers, and it is possible to replenish the account in the following ways:

  • through Visa, MasterCard, Visa Electron and Maestro cards;
  • payment systems Yandex. Money, Webmoney, Perfect Money;
  • QIWI electronic wallet;
  • SANTRAPAY service;
  • bank transfer.

Credits are made instantly and without commission.

You can use any of the above methods to withdraw money and you also need to verify your account – send scanned copies of your identity documents to the company.

Finmax demo account and training base

The broker has an extensive training base, to which all traders have free access. You can watch videos and read electronic literature, participate in webinars and masterclasses, and use your demo account to practice trades or test new strategies.

News bulletins, economic calendar of events, market reviews and analytics are available to all customers.

Let’s summarize

Finmax is a leader among its competitors and offers customers favorable conditions to start trading. The choice of such a company will bring success both for beginners and experienced traders who are looking for comfortable and safe conditions for effective and profitable trading. Already now you can go to https://finmaxbo.com/ for quick registration and access to the trading platform with its wide possibilities.

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