FINAM Review 2024
Minimum
deposit:
  • 5 US dollars – 10 000 US dollars

Trading platform:

  • MT4
  • MobileTrading
  • MultiTerminal
  • Transaq
  • WhoTrades Pro
Regulation:
  • CySec
Bonus for deposit:
  • 0%

FINAM Review 2024

Updated:
Updated: October 06, 2023

4.22

/

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
Minimum
deposit:
  • 5 US dollars – 10 000 US dollars

Trading platform:

  • MT4
  • MobileTrading
  • MultiTerminal
  • Transaq
  • WhoTrades Pro
Regulation:
  • CySec
Bonus for deposit:
  • 0%

Note!

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Editorial Note: We are unable to verify the validity of reviews and publish all reviews, both positive and negative, in accordance with the Users Reviews Policy.

Summary of FINAM Trading Company

FINAM is a broker with higher-than-average risk and the TU Overall Score of 4.22 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 ranks 196 among 406 companies featured in the TU Ranking, which is based on the evaluation of 100+ criteria and a test on how to open an account.

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.

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.

💰 Account currency: EUR, USD, RUB.
🚀 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
💱 Spread: from 0.5 p. (ECN - 0.3 p.)
🔧 Instruments: currencies, stocks, CFD, futures, ETF
💹 Margin Call / Stop Out: n/a

👍 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.

Evaluation of the most influential parameters of FINAM

User Satisfaction Customer Satisfaction Score (CSAT) is a unique metric of Traders Union based on the analysis of user reviews posted on pages of each broker profile by the visitors of our website from all around the world. We have been collecting these broker reviews for over 13 years, and therefore, we know and understand the level of customer satisfaction with a specific brokerage company better than anyone else.

3.75

/10

Regulation and safety The score for this parameter is based on the licenses a company holds. The higher the level of the license, the higher the score. Obtaining licenses in other jurisdictions also improves a broker’s score. We divide all licenses into three levels:

Level 1 jurisdictions (high level of trust): CFTC – USA, FINMA – Switzerland, FCA — UK, ASIC – Australia, CBI – Ireland, JFSA — Japan, MAS – Singapore, FMA — New Zealand, IIROC – Canada, SFC – Hong Kong.

Level 2 jurisdictions (medium level of trust): CySEC – Cyprus, FSCA – South Africa, CBRC – China, SEBI – India, ISA – Israel, SECT – Thailand, DFSA – United Arab Emirates

Level 3 jurisdictions (low level of trust): FSC – Belize, FSC – British Virgin Islands, FSC – Mauritius, VFSC – Vanuatu, SCB – The Bahamas, BMA – Bermuda, CIMA – Cayman Islands

6.94

/10

Commissions and fees This parameter comprises a comprehensive analysis of all commissions and fees charged by a brokerage company, including trading and deposit/withdrawal fees. Also specific fees, for example the inactivity fee, are taken into account in the final score for the fees. Users can find detailed fees charged by a company in the broker’s profile.

7.14

/10

Trading instruments For this parameter, we evaluate the number of trading assets a broker offers access to in each group of financial instruments. We analyze the quotes a broker offers on Forex pairs, metals, indices, commodities, stocks, and cryptocurrencies. This parameter also includes evaluation of broker’s investment programs, for example access to copy trading, which we regard as an additional type of a trading instrument.

7.10

/10

Brand popularity Traders Union experts are confident that brand awareness mostly fully reflects the real state of affairs in a company – the more popular the broker, the more people trust it. The score for this indicator is based on the data analysis of such services as Ahrefs and SemRush, which show how often a company’s brand is searched on Google. In addition, indicators of the SimilarWeb service, which show the approximate number of visitors of the broker’s website, are also taken into consideration. We also review disclosed official reports of brokers, which allow for evaluating their client base.

2.07

/10

Customer support The score of this parameter is based on the number of available communication channels of a company’s support service. The quicker and easier it is to contact the broker’s support, the higher the score. We check every available support channel, test the speed of processing of requests and completeness of provided information through several interactions.

3.03

/10

Education This parameter provides an evaluation of a company’s capacity to work with beginners. Only quality training and provision of full and unbiased information can help novice traders and investors minimize the risks of losing money, even when working with top-ranked companies. Brokers with useful educational and informational tools, including webinars, tutorials, podcasts and articles, receive higher scores.

2.77

/10

Geographic Distribution of FINAM Traders

Popularity in

41.82%
RU
Russian Federation
12.7%
BY
Belarus
9.02%
UA
Ukraine
6.71%
KZ
Kazakhstan
2.07%
ME
Montenegro
1.3%
ID
Indonesia
0.8%
BR
Brazil
0.3%
GB
United Kingdom
0.3%
JP
Japan
1%
AU
Australia
13.98%
Others
Others

User Satisfaction i

6 comments
Total score:
3 /10

Share your experience

  • Best
  • Last
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molchun
2 years ago

I have been working at FINAM for six months. At first I tried to trade intraday, but you can’t earn money with scalping, everything goes to spreads. They start with a Eurodollar broker with two points, and if you have to close a position on the news, then they expand to 5. Completely changed strategy. Now I open a position with a full lot for at least a week, and the profit has gone. I read reviews of newbies who are afraid of an initial deposit of 30,000 RUB, but after all, the broker’s leverage is only 1:40, you still can’t trade on a smaller balance. For the withdrawal of profit in dollars, there is a commission of 0.07%, and not less than 15 USD. Of course, for this FINAM minus. Otherwise, the broker suits, especially in terms of reliability and honest work.

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shishir7754
3 years ago

patience ran out and decided to leave. They just capped all sorts of commissions. Deposits, withdrawals and spreads are inadequate. So you give a good part of the profit to the finam

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dil
3 years ago

There are much better companies out there. Who came here because of their regulation, I can say that the broker is not so reliable in terms of work. Finam, for example, likes to offer all sorts of win-win options and breed customers to them

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programmingsuck
3 years ago

My trade with the FINAM broker did not work. I will not even say exactly what was the reason, if the program was trading, if it was employees, but it is simply impossible to trade on the news. Only on the market will some movement emerge, so you cannot open a deal. Some requotes are coming. And at the same time in another company, where I also had a trading account, the program works fine, transactions are profitable. I do not share the reviews below.

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ronny
3 years ago

The support of the FINAM broker is useless. There is no way to get through, and if you are lucky, then you have to talk with very incompetent operators. This does not affect the trading process in the best way ... I would like to advise the broker to review and improve the quality of the support.

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aleksa034
3 years ago

A comrade warned me that the connection here is not very good, but I decided to check it myself. Indeed, the connection is useless, although this broker was once on good accounts with traders. The reviews about FINAM seemed to be good. They probably deteriorated. Moved to another broker.

Latest FINAM News

08.05.2023
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
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

Dynamics of FINAM’s popularity among
Traders Union’s traders, according to 2023 data

Logo TU
20,0%
Top 3
10,0%
Top 5
7,0%
Top 10
5,0%
Top 20
1,0%
Top 40
0,5%
Top 100
0,2%
Top 100+
0,05%
Jan.
Feb.
Mar.
Apr.
May.
Jun.
Jul.
Aug.
Sep.
Oct.
Nov.
Dec.

Trading Conditions for FINAM Users

💻 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

Comparison of FINAM with other Brokers

FINAM RoboForex Eightcap Exness FBS FxGlory
Trading
platform
FinamTrade, Transaq, ROX, FinamDirect, Finam MultiExchange, MT4, MobileTrading MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader MT4, MT5 Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 MT4, MobileTrading MT4, MobileTrading, MT5
Min deposit $5 $10 $100 $10 $1 $1
Leverage From 1:100
to 1:500
From 1:1
to 1:2000
From 1:30
to 1:500
From 1:1
to 1:2000
From 1:1
to 1:2000
From 1:1
to 1:3000
Trust management No No No No No No
Accrual of % on the balance No No No No No 8.00%
Spread From 0.3 points From 0 points From 0 points From 1 point From 0.2 points From 2 points
Level of margin call
/ stop out
50%  /  No 60%  /  40% 80%  /  50% No  /  60% 40%  /  20% 20%  /  10%
Execution of orders Instant Execution Market Execution, Instant Execution Market Execution Market Execution, Instant Execution Market Execution Instant Execution, Market Execution
No deposit bonus No No No No $5 No
Cent accounts No Yes No No Yes No

Broker comparison table of trading instruments

FINAM RoboForex Eightcap Exness FBS FxGlory
Forex Yes Yes Yes Yes Yes Yes
Metalls No Yes Yes Yes Yes Yes
Crypto No No Yes Yes No No
CFD Yes Yes Yes Yes Yes Yes
Indexes No Yes Yes Yes Yes No
Stock Yes Yes Yes Yes No No
ETF Yes Yes No No No No
Options No No No No No No

Contacts

Foundation date 1994
Registration address 10 Chrysanthou Mylona, MAGNUM HOUSE 3030 Limassol, Cyprus
Regulation
Official site
Contacts
Disclaimer:

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.

All information posted on the Traders Union website is based on reliable and objective data. We have combined our 10 years’ experience in the financial sector and the feedback of our customers to provide you with a true picture of the best forex companies in the market. Detailed information about our methodology.
FINAM Review FINAM Review

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FAQs

Do reviews by traders influence the FINAM rating?

Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about FINAM you need to go to the broker's profile.

How to leave a review about FINAM on the Traders Union website?

To leave a review about FINAM, register on the Traders Union website or you can also leave a review through Facebook.

Is it possible to leave a comment about FINAM on a non-Traders Union client?

Anyone can leave feedback about FINAM on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.

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