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FINAM

Russia|5-10 years|
Regulated in Russia|Retail Forex License|Global Business|Medium potential risk|

https://www.finam.ru/

Website

Rating Index

Influence

Influence

AAA

Influence index NO.1

Russia 9.81

Surpassed 95.49% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+7 (495)1-346-346
https://www.finam.ru/
Россия, 127006, г Москва, пер Настасьинский, д.7, к.2, кв.КОМНАТА 33
http://www.facebook.com/finam.ru

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Contact number

Russian

+7 (495)1-346-346

Broker Information

More

Company Name

FINAM

Company Abbreviation

FINAM

Platform registered country and region

Russia

Company website
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WikiFX Risk Alerts
Previous Detection : 2024-04-15
  • The current information shows that this broker does not have a trading software. Please be aware!

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FINAM · Company Summary

Registered Country/Region Moscow, Russia
Regulation NBRB
Minimum Deposit $0
Maximum Leverage 1:40
Minimum Spreads 0.6 pips on USD/EUR
Trading Platform MT4, QUIK, TRANSAQ, FinamTrade, MT5
Demo Account Yes
Trading Assets Forex, Commodities, Indices, Oil, Gold,
Payment Methods VISA, MasterCard, Bank Transfer, skrill, Neteller
Customer Support Phone, Email, Online Chat

General information & regulation

Founded in 1994, Finam Forex is part of the Russian Finam Holding (which provides banking, brokerage, aircraft, and helicopter rent services). Finam Forex has offices in over a hundred cities in Russia and is a member of NAUFOR (National Association of stock Market Participants).

This broker provides access to a wide range of currency pairs and other trading instruments, and it is regulated by Russian legislation and services are provided through a license from the Central Bank of the Russian Federation.

Market Instruments

Finam offers a relatively small number of Forex currency pairs compared to other big brokerages, only 26 pairs. Additionally, investors can trade stocks, commodities, indices, oil, and gold with Finam.

Accounts & Leverage

There comes only one standard account on the Finam platform, with a minimum deposit of $100, a minimum trade size of 0.01 lots, and maximum trading leverage of 1:40.

Spreads & Commissions

Finam's platform has a fixed spread of 1 pip for EURUSD and 2 pips for USDCHF and GBPUSD, which seems quite appealing. Finam claims not to charge commissions for trading.

Trading Platform Available

Finam offers investors the most popular MT4 trading platform, which has been around for 10 years and is the preferred choice of most Forex traders. MT4 trading platform has a powerful charting package, technical indicators, and several customization options and supports EA and automated trading. Besides, MT4 can help traders of different levels to develop different trading strategies.

Deposit and Withdrawal

There is no minimum deposit required when opening an account with Finam. Finam supports traders to deposit and withdraw funds to their investment accounts via bank transfer. No other deposit and withdrawal methods are disclosed.

Customer Support

Clients who have any inquiries or trading-related issues can get in touch with Finam through the following contact channels:

Telephone: +7 (495)1-346-346

Company Address: Россия, 127006, г Москва, пер Настасьинский, д.7, к.2, кв.КОМНАТА 33

Or you can also follow this broker on some social media platforms, such as Facebook, Instagram, Youtube and Twitter.

Pros & Cons

Pros Cons
Demo Account offered No strong regulation
Low spreads, no commissions Limited deposit and withdrawal options
MT4 trading platform One account option available only
No minimum deposit requirements No Islamic account
Various educational tools available

Frequently Asked Questions

Does Finam offer a demo account?

Yes, Finam offers demo accounts.

How long is the demo accunt valid?

The demo account does not expire.

Does Finam charges commission?

No, Finam provides a commission-free trading.

What is the difference between a demo and a live trading account?

A demo account is an account funded with virtual money that allows for risk-free trading while a live trading account requires actual capital.

What is the minimum deposit for FINAM forex?

FINAM requires $0 for clients t trade with it.

User Reviews

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4

Comments

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龙的传人45289
more than one year
A friend of mine recommended this company to me and I think it really deserves it. Your transaction costs are within reasonable limits. The amount of spreads and commissions are not very high, which I really like
2022-11-24 14:16
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0
0
单云涛
more than one year
This broker is only asking for a low deposit of $100, and it uses MT4 trading platform, you should also notice that this platform is not stable, and sometimes you can easily lose your money. Its spreads offered are not that tight in real trading environment, you may experience high slippage, thus leading to a loss.
2022-11-21 10:46
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0
0
FX1021479401
more than one year
So easy to get started with FINAM! I have just opened an live account without $100. Before that, i have been trading with my demo MT4 account. Now it is a new start for my forex investing life! 🙏🙏🙏
2022-11-17 09:51
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0
0
bagga
more than one year
good luck for you
2022-11-14 03:39
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0
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