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Rating Index

Pros

Well-regulated by the Cyprus Securities and Exchange Commission (CySEC), ensuring a level of safety for traders.
Offers a variety of financial instruments, including forex, CFDs, commodities, and indices, providing diverse trading opportunities.
Strong customer support with positive feedback regarding execution speed and overall service quality.

Cons

Does not support popular trading platforms like MetaTrader 4 or MetaTrader 5, which may limit some traders' preferences.
No insurance for clients, which could be a concern for those looking for added security in their investments.
Overall rating of 5.3 out of 10 indicates that there may be areas for improvement in terms of trust and fairness.

Finame broker Accounts

Finame Account Type

Finame offers a variety of account types designed to cater to different trading needs. The broker provides both demo and live accounts, including PAMM accounts for clients who prefer to invest alongside top investors with professional trading experience. The minimum deposit required to open a live account is $200. Finame claims to offer tight spreads and no hidden commissions, although specific details on spreads and commissions are not readily available. The trading platform options include WebTrader, MetaTrader 4, and MetaTrader 5, enabling traders to access a wide range of financial instruments, including CFDs on forex, indices, shares, futures, metals, energies, ETFs, commodities, and cryptocurrencies.

Finame Broker Account Opening Process

To open an account with Finame, follow these steps:

  • Visit the Official Website: Navigate to the Finame official website to access the account registration page.
  • Choose Account Type: Select the type of account you wish to open (demo or live).
  • Fill Out the Application: Provide the necessary personal information, including your name, email address, and phone number.
  • Deposit Funds: After your application is approved, fund your account with a minimum deposit of $200 via accepted payment methods such as Visa, Mastercard, PayPal, or Alipay.
  • Start Trading: Once your account is funded, you can begin trading using the available platforms.
  • For customer support, you can reach Finame through telephone at +357 22059059 or email at info@finame.com.

Finame accounts can be viewed for products that can be traded accounts with a minimum deposit of by (2+) .
Finame Account