FINAM Forex broker specializes in providing foreign exchange trading services, the company's official website https://www.finam.ru/, the company's legitimate regulatory information RussiaCBRRetail Forex License, to enhance the security of the company's address Россия, 127006, г Москва, пер Настасьинский, д.7, к.2, кв.КОМНАТА 33.
FINAM Forex Broker
Basic information
Russia
5-10 years Regulated in Russia Retail Forex License Global Business Medium potential riskCompany profile
FINAM was registered in 1998 in Russia, specializing in stocks, bonds, futures, and precious metals markets. It supports a number of trading platforms, and it also provides demo accounts. Besides, this company is regulated in Russia. However, it does not reveal much information about account and trading details on its official website.
Pros and Cons
| Pros | Cons |
| Long operation time | Unclear fee structure |
| Regulated by CBR | Unknown payment options |
| Diverse tradable assets | |
| Demo accounts available | |
| MT4 and MT5 supported | |
| Various trading platforms | |
| Live chat support |
Is FINAM Legit?
Yes. FINAM is regulated by Central Bank of Russia (CBR).
| Regulated Authority | Current Status | Regulated Country | License Type | License No. |
| Central Bank of Russia (CBR) | Regulated | Russia | Retail Forex License | 045-13961-020000 |
WikiFX Field Survey
WikiFX field survey team visited FINAM's regulatory address in Russia, and we found its physical office.
What Can I Trade on FINAM?
FINAM provides a variety of products, including stocks, bonds, futures, and precious metals.
| Tradable Instruments | Supported |
| Stocks | ✔ |
| Bonds | ✔ |
| Futures | ✔ |
| Precious Metals | ✔ |
| Forex | ❌ |
| Commodities | ❌ |
| Indices | ❌ |
| Cryptos | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Trading Platform
FINAM supports a number of trading platforms, among which MT4 and MT5 are included.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | PC, web, mobile | Beginners |
| MT5 | ✔ | PC, web, mobile | Experienced traders |
| FinamTrade | ✔ | PC, web, mobile | / |
| COMON | ✔ | / | / |
| Transaq | ✔ | / | / |
| TSLab | ✔ | / | / |
| QScalp | ✔ | / | / |
| Quick | ✔ | / | / |
| Tradematic Trader | ✔ | / | / |
| Volfix | ✔ | / | / |
| PirateTrade Trader's Diary | ✔ | / | / |
| Trade API | ✔ | / | / |
Rating Index
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Latest Reviews
单云涛
Hong Kong
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.
Neutral
2022-11-21
FX1021479401
Hong Kong
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! 🙏🙏🙏
Positive
2022-11-17
龙的传人45289
Peru
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
Positive
2022-11-24