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About WikiFX


    5-10 years
    Regulated in Russia
    Retail Forex License
    Non MT4/5 Software




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    Central Bank of Russia

    Retail Forex License

    CBR Regulated


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    • Company summary

      Basicinformation&regulationofFinamFinamForexispartoftheRussianFinamHolding(whichprovidesbanking,brokerage,aircraft,andhelicopterrentservices).Finamforexisnotcurrentlyregulatedinanyway.SafetyAnalysisofFinamFinamiscurrentlyanunregulatedbroker,whichmeansthatthesafetyofinvestors'fundsandtradingactivitiesarenotprotected.Investorsshouldchooseabrokerthatisregulatedby,forexample,theFCAintheUK.MarketInstrumentsofFinamFinamoffersarelativelysmallnumberofForexcurrencypairscomparedtootherbigbrokerages,only26pairs.Additionally,investorscantradestocks,commodities,indices,oil,andgoldwithFinam.Accounts&LeverageofFinamTherecomesonlyonestandardaccountontheFinamplatform,withaminimumdepositof$100,aminimumtradesizeof0.01lots,andmaximumtradingleverageof1:40.Spreads&CommissionsofFinamFinam'splatformhasafixedspreadof1pipforEURUSDand2pipsforUSDCHFandGBPUSD,whichseemsquiteappealing.Finamclaimsnottochargecommissionsfortrading.TradingPlatformAvailableofFinamFinamoffersinvestorsthemostpopularMT4tradingplatform,whichhasbeenaroundfor10yearsandisthepreferredchoiceofmostForextraders.MT4tradingplatformhasapowerfulchartingpackage,technicalindicators,andseveralcustomizationoptionsandsupportsEAandautomatedtrading.Besides,MT4canhelptradersofdifferentlevelstodevelopdifferenttradingstrategies.DepositandWithdrawalFinamsupportstraderstodepositandwithdrawfundstotheirinvestmentaccountsviabanktransfer.Nootherdepositandwithdrawalmethodsaredisclosed.Pros&ConsofFinamThemainadvantagesofFinamare:1.MT4tradingplatform2.Lowspreadsandnocommissions3.LowminimumdepositrequirementsThemaindisadvantagesofFinamare:1.Noregulation2.Fewerdepositandwithdrawaloptions3.Oneaccountoptionavailableonly About More
    Pyramid scheme complaint

    WikiFX APP!

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    WikiFX Risk Alerts

    Previous Detection: 2021.09.27 Risk: 1 Item

    • Current data shows that this broker is using Non MT4/5 Software

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    Last Updated Time 2021-09
    Central Bank of Russia

    Central Bank of Russia (CBR)

    The Central Bank of the Russian Federation (Bank of Russia) was founded on July 13, 1990, on the basis of the Russian Republic Bank of the State Bank of the USSR. Accountable to the Supreme Soviet of the RSFSR, it was originally called the State Bank of the RSFSR.According to the constitution, it is an independent entity, with the primary responsibility of protecting the stability of the national currency, the ruble.Before 1 September 2013, it was the main regulator of the Russian banking industry, responsible for banking licenses, rules of banking operations and accounting standards, serving as a lender of last resort for credit organizations. After pointed date functions and powers of CBR were significantly expanded and the central bank received the status of a mega-regulator of all financial markets of Russia.It holds the exclusive right to issue ruble banknotes and coins through the Moscow and St. Petersburg mints, the Goznak mint. The central bank issues commemorative coins made of precious and non-precious metals as well as investment ones made of precious metals, which are distributed inside and outside the country.Under Russian law, half of the bank's profit must be channeled into the government's federal budget. The Central Bank of Russia is a member of the BIS.

    • Licensed Institution :

      Общество с ограниченной ответственностью "ФИНАМ ФОРЕКС"

      Effective Date :

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      License Type:

      No Sharing
    • Website of Licensed Institution :


      Expiry Date :

    • Address of Licensed Institution :

      127006, г. Москва, пер. Настасьинский, д.7, стр. 2, комн. 17

      Phone Number of Licensed Institution :

    • Licensed Institution Certified Documents :

      just2trade 俄罗斯监管页截图.jpg View Certified Documents 俄罗斯央行045-13961-020000牌照201102 View Certified Documents

    FINAM · MT4/5

    Identification Result

      FINAM · Website

      Most visited countries/areas

          No content

          No data

          Load failure

          Load failure

          FINAM· Genealogy

          FINAM · Clones

          FINAM · Market Analysis

          The data are from WIKI Research    2021.09.27 updated

          WikiFX prompts you

          This broker's score is relatively low.

          Please choose wisely! Please avoid unnecessary loss

          FINAM · Survey×




          Alternate Text

          Data Sources WikiResearch 2021.09.27 Update


          Data Sources WikiResearch 2021.09.27 Update

          FINAM · Chart

          Insufficient data samples

          Rank by user activity which is calculated by the number of customers with trading operations of the broker within the stat period
          Data provided by WikiFX Data

          Insufficient data samples,Browsing is not supported temporarily

          Alternate Text

          Data Sources WikiResearch 2021.09.27 Update

          WikiFX·pyramid scheme complaint
          1  Know about pyramid scheme  >
          2  Pyramid scheme complaint   >
          3  Done
          1. What is pyramid scheme complaint?
          With the continuous development of the forex market, more and more Ponzi schemes have poured in, and global investors have suffered greatly. WikiFX has set up a complaint channel in order to ensure the funds security and prevent more scams. We sincerely invite foreign exchange investors to report such fraud platforms and jointly purify the market environment!
          2. 10 Features of Pyramid Scheme
          High Profit Promised Level Marketing Required Multi-level Marketing False Advertising Master Trader Awarded 'Datuk' Brainwashing-style training Fake Regulation Copycat of other platforms Marketing & PR campaigns
          Report immediately
          Report This Platform
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          You can check the real-time processing progress in 'User Center-My Release-Ponzi Scheme'

          FINAM · Company summary

            Basic information & regulation of Finam

            Finam Forex is part of the Russian Finam Holding (which provides banking, brokerage, aircraft, and helicopter rent services). Finam forex is not currently regulated in any way.

            Safety Analysis of Finam

            Finam is currently an unregulated broker, which means that the safety of investors' funds and trading activities are not protected. Investors should choose a broker that is regulated by, for example, the FCA in the UK.

            Market Instruments of Finam

            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 of Finam

            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 of Finam

            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 of Finam

            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

            Finam supports traders to deposit and withdraw funds to their investment accounts via bank transfer. No other deposit and withdrawal methods are disclosed.

            Pros & Cons of Finam

            The main advantages of Finam are:

            1. MT4 trading platform

            2. Low spreads and no commissions

            3. Low minimum deposit requirements

            The main disadvantages of Finam are:

            1. No regulation

            2. Fewer deposit and withdrawal options

            3. One account option available only

          Risk Warning

          The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.

          Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click 'Complaints 'and 'Correction' to inform us. We will check immediately and release the results.

          Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.

          Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.