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FINAM Review 2024
4.21/10
TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Minimum deposit:
- 5 US dollars – 10 000 US dollars
Trading platform:
- MT4
- MobileTrading
- MultiTerminal
- Transaq
- WhoTrades Pro
Regulation:
- CySec
Foundation year:
- 1994
4.21/10
TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Minimum deposit:
- 5 US dollars – 10 000 US dollars
Trading platform:
- MT4
- MobileTrading
- MultiTerminal
- Transaq
- WhoTrades Pro
Regulation:
- CySec
Foundation year:
- 1994
FINAM isn't available in
United States
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Our Evaluation of FINAM
4.21/10
TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
FINAM is a broker with higher-than-average risk and the TU Overall Score of 4.21 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by FINAM clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.
FINAM (Just2Trade) is a broker that provides a wide choice of trading instruments and professional support. The company’s trading conditions are suitable both for novice traders and professionals.
Brief Look at FINAM
FINAM (Just2Trade) is a subsidiary of Finam investment holding. The broker has been in the market since 2006. High ratings and resources of the holding provide for an opportunity to develop brokerage activity. The priorities of the company include introduction of innovative, technology solutions and expansion of the team of professional analysts, risk managers and financial engineers who develop strategies, consult and carry out trust management of investor capital.
Advantages of trading with FINAM:
- a single trading account MMA, which provides access to global exchange and OTC platforms through Transaq MMA and TradeX platforms;
- support of novice traders thanks to a full-fledge educational center, accounts with special conditions of negative balance protection and no brokerage fee;
- professional consulting service and trust management for those who plan to invest large amounts.
Disadvantages of FINAM:
- access to personal profile (account) is granted only after opening a personal account and verification, which makes it harder to discover the features offered by the broker;
- No search bar on the website;
- The stated low spread is floating and tends to widen;
- Detailed regulations and documents are available only in English;
- High minimum deposit compared to competitors: 100 USD, 200 USD, 100,000 USD;
- No Islamic accounts (swap-free);
- Paid account maintenance.
FINAM Summary
Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
| 💻 Trading platform: | MT4 (+ mobile version), MT4 MultiTerminal, Transaq, MMA Mobile, WhoTrades Pro, MMA Web. |
|---|---|
| 📊 Accounts: | Demo account, Real account, ECN account, Exchange market (Light), FinamMulti Exchange, Exchange market (American dream), Islamic account, Exchange market and CFD (Standard). |
| 💰 Account currency: | EUR, USD, RUB. |
| 💵 Replenishment / Withdrawal: | POLi, iDeal, Skrill, Euroset, Alfa-bank, CashU, WEBMONEY, YooMoney, unionpayintl.com, FasaPay, QIWI, liqpay.com, elecsnet.ru, svyaznoy.ru, giropay.de, DANKORT, nordea.ru, Boleto, Bank cards, Wire transfer. |
| 🚀 Minimum deposit: | Light – 5 US dollars, Standard, Islamic – 100 US dollars, American dream – 2 000 US dollars, FinamMulti Exchange, ECN – 10 000 US dollars. |
| ⚖️ Leverage: | 1:100 – 1:500 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | 1 000 units of basic currency (Forex) |
| 💱 Spread: | from 0.5 p. (ECN - 0.3 p.) |
| 🔧 Instruments: | currencies, stocks, CFD, futures, ETF |
| 💹 Margin Call / Stop Out: | n/a |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | No |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | Instant Execution |
| ⭐ Trading features: | Auto-following successful traders’ strategies; Trust management. |
| 🎁 Contests and bonuses: | No |
FINAM Key Parameters Evaluation
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Comparison of FINAM with other Brokers
| FINAM | RoboForex | Pocket Option | Exness | IC Markets | Forex4you | |
| Trading platform |
FinamTrade, Transaq, ROX, FinamDirect, Finam MultiExchange, MT4, MobileTrading | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | Pocket Option, MT5, MT4 | Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 | MT4, cTrader, MT5, TradingView | MT4, MobileTrading, MT5 |
| Min deposit | $5 | $10 | $5 | $10 | $200 | No |
| Leverage |
From 1:100 to 1:500 |
From 1:1 to 1:2000 |
From 1:1 to 1:1000 |
From 1:1 to 1:2000 |
From 1:1 to 1:500 |
From 1:10 to 1:2000 |
| Trust management | No | No | No | No | No | No |
| Accrual of % on the balance | No | No | No | No | No | No |
| Spread | From 0.3 points | From 0 points | From 1.2 point | From 1 point | From 0 points | From 0.1 points |
| Level of margin call / stop out |
50% / No | 60% / 40% | 30% / 50% | No / 60% | 100% / 50% | 100% / 20% |
| Execution of orders | Instant Execution | Market Execution, Instant Execution | Market Execution | Market Execution, Instant Execution | Market Execution | Market Execution, Instant Execution |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | No | Yes | No | No | No | Yes |
Latest FINAM News
08.05.2023
FINAM opens access to short positions on stocks of foreign companies
The broker FINAM announced that its clients can now open short positions on liquid shares of foreign companies presented on the SPB exchange.The broker's
20.03.2023
FINAM opened access to transactions with the Turkish lira
According to broker FINAM, FINAM Bank's clients who registered as a legal entity have access to Turkish lira operations.According to the Brokers-Rating
User Satisfaction