Finam

Finam broker provides its clients with access to a wide range of trading opportunities on all Russian and international exchanges. For the convenience of traders, the company has developed more than 50 programs and robotic applications, including unique author’s platforms with advanced graphical analysis functions, the ability to connect external trading systems and a built-in language for writing your own trading strategies.

Finam Group has received over 50 Russian and international awards, which confirms its high reputation among financial experts. Clients can take advantage of free access to up-to-date analytics, including market reviews, forecasts and recommendations from professionals.

The company provides a high level of personal data security using two-factor authorization via SMS and certified crypto-security.

However, it should be noted that the high quality of service is accompanied by significant brokerage commissions. Information on commission fees is provided on the website, but may seem complicated for novice traders. In addition, data on the profitability of investment portfolios is presented without clearly indicating percentage values, which may cause difficulties in assessing their efficiency.

In general, Finam offers a rich set of instruments and a high level of security, but potential clients should carefully study the terms of commission fees and analytical data presented.

Partnership with the International Association of Forex Traders (IOFT) provides an opportunity to partially or fully compensate for spread costs. MOFT pays rebate on all completed trades, regardless of their result – profitable or unprofitable.

It is important to note that the rebate on Finam broker is available only to MOFT clients who opened an account with the company through the MOFT website. In case of opening an account without using the MOFT referral link, Finam clients will not be able to receive spread compensation through the rebate service.

Try this opportunity and appreciate the benefits!

The license of the Central Bank of the Russian Federation, which Finam possesses, attracts many traders due to its reliability. However, the regulator imposes strict requirements to trading accounts: the minimum deposit is 30 thousand rubles, and the maximum leverage is limited to 1:40. The broker provides the opportunity to trade currency pairs, shares of American and Russian companies, futures, Russian bonds and depositary receipts.

Finam offers its clients a single real trading account and access to popular trading terminals for Forex and stock markets, such as MT4, Transaq, FinamTrade and QUIK. The broker provides opportunities for both independent trading and passive income generation through investing. Finam clients also have access to the London Stock Exchange.

Deposits and withdrawals are made exclusively in Russian rubles. In addition, clients have the opportunity to receive dividends from shares purchased through Finam.

• Trading platform

  МТ4, Transaq, FinamTrade, QUIK

• Accounts

  Demo, Unified

• Account currency

  RUB

• Deposit/withdrawal

  Cashless transfer from a bank account, cash through the cash desk of FINAM Bank, bank card

• Minimum deposit

  30 000 rubles

• Leverage

  to 1:40

• PAMM accounts

  yes

• Minimum order

  0,01

• Spread

  from 2 points

• Instruments

  Currencies (27 pairs), shares (RF, USA), RF bonds, futures (RF, USA), depositary receipts (ADRs and GDRs) on the London Exchange

• Margin call / Stop out

  50%/50%

• Liquidity provider

  Currenex

• Mobile trading

  yes

• Affiliate program

  yes

• Order execution

  Market Execution

• Trading features

  Access to foreign and Russian markets from a single account

• Contests and bonuses

  Up to RUB 300,000 for the best trading on the contest account

MOFT specialists conducted a detailed analysis of Finam’s trading conditions to determine the size of trading and non-trading commissions. The broker does not charge a commission for withdrawal of funds in rubles. Withdrawal of funds in dollars is subject to an additional fee of 0.07% (minimum $15, maximum $100), and for withdrawal in euros – 0.07% (minimum €15, maximum €100), with retention in rubles at the exchange rate of the Central Bank of Russia. Brokerage commission for spot currency transactions on the Moscow Exchange varies from 0.00275% to 0.03386% of the daily trading turnover. In addition, the broker charges swap – a commission for carrying a position to the next day.

Finam is actively developing, improving its technologies, products and services. The broker’s main priorities include long-term cooperation with clients, reliability and professionalism. Thanks to the use of Direct Market Access (DMA) technology, traders’ trades are executed instantly. Finam clients can take advantage of assisted trading, receive trading signals, use automated trading programs and subscribe to recommended strategies.

Some of Finam’s key indicators presented on the company’s official website:

• Representative offices in 90 cities around the world;
• More than 270 thousand clients from 40 countries in Europe and Asia;
• 342 billion rubles – turnover on the foreign exchange market for June 2020.

Finam is a Russian broker providing opportunities for both active and passive trading. The broker offers a unique opportunity to trade from a single account on all major exchanges: Moscow, London, NYSE, NASDAQ, CME, ICE, as well as the foreign securities market of the St. Petersburg Exchange. Clients do not need to transfer funds between the platforms, and deposit and withdrawal of money is carried out within a few minutes. In addition to independent trading, traders can invest in ready-made portfolios with returns of up to 45% per annum, copy more than 300 strategies from all over the world within the framework of the “Autosequestration” service or use the “Multisequestration” service, which provides diversification of portfolios by markets, regions, instruments and algorithms.

The Company offers three author’s platforms (Transaq, FinamTrade, QUIK) and the popular MetaTrader 4 terminal. Only the FinamTrade platform is available for trading via a mobile device or web browser. Only the desktop version of MT4 is available for Forex trading.

Useful services of Finam:

• LiveTrade Scalping: A software solution for quick entry and management of buy/sell orders with advanced automation elements.
• ATAS: A trading and analytical platform for order flow analysis, cluster analysis and advanced technical analysis.
• Pattern Analyzer: A program with an author’s trend indicator for automatic recognition of chart patterns and issuing trading signals. Scalping, automated trading and the use of ready-made robots are supported.

To open a forex trading account, non-residents of the Russian Federation must personally visit one of the offices of FINAM FOREX LLC and submit a corresponding application. Traders from Russia can register on the Finam website by following the following algorithm:

On the main page of the site, click “Login”, then select “Finam.ru”.

Log in via your linked Facebook account or fill in the registration form, specifying your surname, first name, e-mail and phone number. Finam will send a code to the specified number, which must be entered when registering. Then activate your login: log in to myAlpari on the main page of the website, go to the “Information” → “finam.ru Profile” section and follow the further instructions.

The following functions are available in Finam’s Personal Cabinet:

• Cash withdrawals and transfers between accounts;
• Currency conversion, transactions with bank cards, securities and shares.

After authorization in myAlpari, the following sections become available to Finam clients:

• “News and Comments”: Discussion of trading strategies and ideas.
• “Troubleshooting. Scenarios and Forecasts”: Analytical materials from Finam experts with an opportunity to discuss them with other traders.
• “Investment Portfolio”: The possibility of forming your own virtual portfolio based on an acceptable level of risk.
• Real-time quotes and charts.
  Communication with technical support specialists.