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, that 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 Russian language. Main Office Address:
- Office 17, Building 2, 7 Nastasinsky Pereulok, Moscow, 127006, Russia
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:
Broker | FINAM |
Account Types | Standard, Demo |
Regulating Authority | CBR |
Based Currencies | USD, EUR, RUB |
Minimum Deposit | $5 |
Deposit Methods | E-payment Systems, Credit/Debit Cards, Wire Transfer |
Withdrawal Methods | E-payment Systems, Credit/Debit Cards, Wire Transfer |
Minimum Order | 1,000 Currency Units |
Maximum Leverage | 1:40 |
Investment Options | None |
Trading Platforms & Apps | MetaTrader 4 |
Markets | Forex |
Spread | Low Spreads |
Commission | None |
Orders Execution | Instant |
Margin Call / Stop Out | N/A |
Trading Features | None |
Affiliate Program | Yes |
Bonus & Promotions | None |
Islamic Account | None |
PAMM Account | None |
Customer Support Ways | Phone, Ticket |
Customer Support Hours | 24/7 |
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:
Benefits | Drawbacks |
Regulated by the Central Bank of Russia | Only Russian Federation Citizens Accepted |
24/7 Support | Only Forex Symbols Offered for Trading |
Various Funding Options | Lack of Enough Data on The Website |
FINAM Account Opening and Authorization
The broker only accepts Russian citizens; traders from other countries cannot register with it. Registration Tutorial:
- Visit the official website and click on "Открыть счет" (Open An Account);
- Enter your personal details, email, and phone number in the corresponding fields.
Your account will be created after these stages. To verify, provide further information and submit required documents.
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:
Trading Spreads and Other Fees
According to our investigations on the broker's website and platform, FINAM does not provide any details about the commissions and spreads.
The website only states that there are "low spreads" and "no commissions".
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
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.
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.
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.