FINAM Broker Review 2025

FINAM provides 25+ Forex trading symbols [EURUSD, USDCHF, NZDCAD, GBPJPY, AUDNZD, EURAUD, and more] with a maximum leverage of 1:40 and a minimum order amount of 1,000 currency units. The company utilizes MetaTrader 4 as its only trading platform.

FINAM Company Information & Regulation

The company is part of the FINAM Group, which was founded in 1994. Operating under the legal name LLC FINAM FOREX, this broker is regulated by the Central Bank of the Russian Federation and has a website in the Russian language.

The broker's headquarter is located at Office 17, Building 2, 7 Nastasinsky Pereulok, Moscow, 127006, Russia. 

Despite advantages like negative balance protection and advanced MetaTrader 4 trading platforms, FINAM has received criticism for its floating spreads (which may widen significantly during volatility), absence of a search function on its site, limited payment options, and lackluster support quality.

Regulatory safety is considered relatively low by industry standards, although its longevity and association with a major holding company lend it a degree of credibility.

FINAM Summary Of Key Details

In this section, we will have a quick look at the company's main specifics as a Forex broker. Here's a table containing essential information:

Trading Accounts With Details

FINAM offers only 1 account type for its clients with a maximum leverage of 1:40, a minimum order amount of 1,000 currency units, and an initial deposit of $5.

The broker does not provide much detail about the account specifics on its website. Also, a demo account is offered for trading in a simulated environment.

Notable Benefits and Drawbacks

Let's evaluate the pros and cons of choosing FINAM as a broker for trading assets:

FINAM Account Opening and Authorization

This brokerage platform is exclusively available to Russian citizens, and traders from other countries are not eligible to open accounts. The registration process is minimal, leading directly into the account verification phase, which requires valid personal and legal documentation issued in Russia.

#1 Begin Account Creation

Head to the broker’s official website and click on “Открыть счет” (Open an Account). You'll be directed to the sign-up form.

#2 Fill in Your Details

Fill out the sign up form with the following information:

• Full name
• Email address
• Russian mobile number

After submission, your account is created.

#3 Proceed with Verification

Access your profile area and upload the required identification documents. You may also be asked to complete additional personal information fields to verify your eligibility.

Which Trading Platforms Are Offered in FINAM?

FINAM provides access to only one trading platform that is MetaTrader 4. This terminal includes everything that a trader needs; from various indicators and chart tools to customization settings and a programming language. Download it for your Android device/iPhone through these links:

• MT4 Android
• MT4 iOS

TradingFinder has developed a wide range of MT4 indicators that you can access for free.

Trading Spreads and Other Fees

According to our investigations on the broker's website and platform, FINAM does not provide any details about spreads. The website only states that there are "low spreads" and "no commissions".

There are no stated inactivity fees, but withdrawal charges may apply depending on the funding method and account level. Full transparency around the broker’s fee structure is limited, particularly for non-trading costs such as platform access or margin lending.

Deposit/Withdrawal Methods in FINAM Broker

This broker offers a list of common payment options that are often found in financial companies:

• Bank wire transfers
• Credit/debit cards (VISA, MasterCard, etc.)
• E-wallets (Skrill, FasaPay, WebMoney, YooMoney, and more)

Are There Any Copy Trading or Other Investment Solutions in FINAM?

Unfortunately, the brokerage doesn't currently offer copy trading services or other methods for earning profits passively. This Russian company mainly focuses on providing primary trading services.

Available Trading Symbols

FINAM is a Forex-only broker, providing access to 25+ currency pairs in the market. Some of the symbols include:

• EURUSD
• USDCHF
• USDJPY
• AUDCAD
• AUDNZD
• EURAUD
• NZDCAD
• GBPJPY

In addition to CFDs, FINAM focuses on traditional investment assets from the Russian financial markets. Available instruments include:

• Russian equities and government/corporate bonds
• Derivatives such as futures markets and options on the Moscow Exchange (MOEX)
• U.S. stocks and ETFs

Bonuses and Promotions Offered by FINAM

As of our latest research, the discussed brokerage doesn't offer any no-deposit, welcome, or other types of bonuses.

While some traders might see this as a disadvantage, it's worth noting that having promotional offers is not a fundamental aspect of financial brokers.

Customer Support Open Hours and Contact Channels

FINAM offers 24/7 customer support via these contact channels:

• Phone Call: +7 (495) 796-90-24
• Ticket: Submittable via the official website

Also, the company has physical offices in many cities across Russia, including Moscow, Saratov, Tula, Tolyatti, Tver, etc.

Customer support reviews are mixed. While some users report timely responses, others cite delays and lack of helpfulness. There is no dedicated support for non-Russian speakers, making the service less accessible to a global audience.

FINAM Restricted Countries

Based on the data provided by the website in its registration form, only "adult citizens of the Russian Federation who are not individual entrepreneurs" can open an account with the discussed broker.

Therefore, traders from other countries are not eligible to trade on this brokerage.

Trust Evaluations and User Scores on FINAM

The broker hasn’t received many reviews and ratings on sources across the internet. However, FINAM's page on ScamAdviser shows a trust score of 76/100, described as "likely to be legit".

Besides, this company has a 3.2/5 user score on MyWOT, based on only 4 reviews.

Education Content

FINAM offers a comprehensive educational platform called "Finam Znaniya" (Finam Knowledge). This resource provides:

• Webinars
• Regional seminars
• Trading courses
• Market analysis
• Trading strategies

Furthermore, a section dedicated to articles is also available on the brokerage's website, providing technical and fundamental analysis.

You can also check TradingFinder's Forex education section for additional learning materials.

FINAM vs Other Brokers

The table below provides a comprehensive comparison between FINAM and popular forex brokers:

Conclusion And Final Words

FINAM, offering 24/7 support services via phone call and ticket system, enables payments through 10+ methods [VISA, MasterCard, Skrill, FasaPay, WebMoney, YooMoney, and more]. The broker has received a 76/100 Trustscore from ScamAdviser.