FinMax broker in the binary options market
FinMax is one of the popular binary options brokers, successfully providing a full range of services for a trader: a modern training system, a convenient personal account with reporting on transactions, the ability to work on a demo account, a choice of traded assets, expiration from 30 seconds to six months, the type of chart (lines, price areas or Japanese candlesticks), convenient withdrawal of funds to popular payment systems, the ability to conduct technical analysis using the built-in system indicators, the list of which the broker plans to increase.
The broker’s main task is to simplify the process of trading and making a profit. For this, a very convenient and simple innovative trading platform has been created, which is suitable for both beginners and experienced traders. Also, you can always use the round-the-clock support service. In the image below you can see the standard workspace of the broker’s terminal:
Among the advantages of the FinMax broker:
- full transparency of operations and full control of your personal account,
- a user-friendly trading platform created taking into account modern trends in options trading and security, which was developed by traders for traders,
- individual approach to clients, it doesn’t matter if you are new to trading or not, you can always contact the round-the-clock support service, write a letter online via chat or call the phone,
- The company has already managed to gain the trust of users, has official registration and certification.
You can find a detailed review of the FinMax broker here.
You can also go to the finmaxbo.com broker’s website and explore its features.
Why do you need a demo account?
A broker’s demo account is a virtual account, an imitation of trading, when a novice player can try his hand at real market conditions. Imitation will allow you to make transactions and use virtual funds for this. Professionals recommend taking advantage of the opportunity of a demo account, because you will not only be able to better navigate the trading process, but also, which is much more valuable, you will be able to test your strength in analytics, observation, and you will be able to test the effectiveness in practice Strategies, choose your own and by opening a real account, you will simply have a lot of experience and confidence in your abilities.
On the Internet, they often write that a demo account is a waste of your time and such virtual trading deprives you of responsibility for funds that do not belong to you. There is some truth in this, but if you have serious plans for options trading, treat the virtual account as a real one, work out the rules of money management on it, try to increase its performance and minimize losses. In this case, your work will not be in vain and working with a demo account will be justified.
In addition, every modern broker offers a demo account, the only difference is in technical parameters, convenience and your capabilities. The procedure for registering a demo account is easy, it will not take you more than 5 minutes, you need to specify your contact email, full name, phone number to contact you.
Features of the FinMax Demo Account
Anyone can use a demo account, regardless of experience and knowledge. You don’t need to pay money to open a virtual account, it’s free, but registration is required.
The peculiarity of the FinMax demo account is that there is a time limit for use – it is 7 days (if you wish, you can extend this period by writing a letter to the administration of the platform). At the same time, you have access to all the functionality of the platform (except for restrictions on the number of assets).
The capabilities of a broker’s demo account are the same as those of a real one – you participate in trading, draw up option data (type, expiration, quote forecast), deposit virtual money and, just like on a real account, wait for the end of the transaction in order to understand what this forecast gave you. You do not earn real money, the movements take place in your virtual account.
How to open a demo account with a FinMax broker?
In order to open a demo account with Finmax, you must go to the official website of the broker finmaxbo.com. On the main page you need to click on the “Open an account” button:
You will automatically be taken to a separate page where you need to fill in your contact details to open an account:
After you enter all the necessary data (name, surname, country of residence, phone number, email, password required to enter your personal account). Then it remains to click on the “Register” button and an email will be sent to the email address you specified with a link to activate your personal account. By clicking on the link, you will be taken to the following page:
This page is more relevant to those traders who plan to open a live account right away, and you will also transfer funds for this, but that will come later.
In order to use the demo account, you must click on the personal account button at the top right (where your name is indicated). A pop-up window will open where you can go to your account settings, fund your account (if you are opening a real account) or “Open a demo account”:
Once you have clicked on the “Open Demo Account” button, you will automatically enter the demo account mode. Registration did not take you more than 5 minutes:
The broker provided a deposit of $1000 for this for a period of seven days. On the main page of the trading platform, at the top right, it is indicated that you are in demo account mode. It also shows your balance, the expiration date of the virtual account. You can work on the site, place bets, study the market and achieve better results.
