Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
FINAM Pros & Cons
- License from the Central Bank of Russia
- Negative balance protection for retail clients
- No hidden fees
- Direct access to the currency market
- Regulated trading with leverage limits
- Official client support and education
- No cent accounts
- No Islamic accounts
- Only 36 trading instruments
- High spreads starting from 12 pips
Finam Forex LLC is part of the Finam Group of Companies, founded in 1994. It is a major player in the Russian financial market with more than 530,000 clients. Finam Forex LLC is a licensed Forex dealer and a professional securities market participant (license No. 045-13961-020000 issued by the Central Bank of Russia). The broker offers access to trading currency pairs (Forex), CFDs on stocks, commodities, and indices through the MetaTrader 4 platform. Leverage depends on the client’s status. Finam’s services are available exclusively to Russian citizens.
TU Expert Verdict
FINAM demonstrates moderate stability and can suit certain traders. Its conditions are acceptable, and feedback is mixed but reasonable. In my own tests, it performed adequately, though it lacks the consistency of higher-rated companies.
Top-5 Brokers Traders Prefer
FINAM User Reviews
-
5-star
0%
-
4-star
17%
-
3-star
61%
-
2-star
4%
-
1-star
17%
-
Commissions and Fees
Score:We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria4 /10The trading and non-trading commissions of FINAM have been analyzed and rated as having High fees, with a fees score of 4/10. Additionally, these commissions were compared with those of the top two competitors, OANDA and FOREX.com, to provide the most comprehensive information.
- No inactivity fee
- No withdrawal fee
- Above-average Forex trading fees
- No ECN/Raw Spread account
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of FINAM with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, FINAM’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
FINAM Standard spreads FINAM OANDA FOREX.com EUR/USD min, pips 0.6 0.1 0.7 EUR/USD max, pips 2.0 0.5 1.2 GPB/USD min, pips 0.9 0.1 0.9 GPB/USD max, pips 2.0 0.5 1.4 Does FINAM support RAW/ECN accounts?
As we discovered, FINAM does not offer RAW/ECN accounts, which might be a drawback for transparency and liquidity. However, this doesn't make the broker uncompetitive. Consider factors like spread levels, execution speed, regulation, support quality, and trading tools when choosing a reliable broker.
Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with FINAM. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
FINAM Non-Trading Fees FINAM OANDA FOREX.com Deposit fee, % The indicated amount does not include possible fees from payment systems and banks. 0-3 0 0 Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks. 0 0-15 0 Inactivity fee ($, per month) 0 0 15 -
Is FINAM Safe?
Score:We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria8 /10FINAM has a safety score of 8/10, which corresponds to a High security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Tier-1 regulated
- Negative balance protection
- Track record of less than 8 years
FINAM Regulators and Investor Protection Abbreviation Full Name Country of regulation Investor Protection Fund Regulation Level Abbreviation Bank of Russia Full Name Central Bank of the Russian Federation Country of regulation Russian Federation Investor Protection Fund Compensation fund of the Forex Dealers SRO (Association of Forex Dealers, AFD) — compensates retail clients if a licensed forex dealer goes bankrupt; funded by member contributions. Regulation Level Tier-1 FINAM Security Factors Foundation date - Negative balance protection YesVerification (KYC) Yes -
Account Types
Score:We evaluate a broker’s account offering by analyzing the range and suitability of available account types and how effectively they cater to different trader profiles and strategies. Our assessment covers the diversity of account options — including Standard, ECN/Raw, Cent, Swap-Free (Islamic), and VIP accounts — as well as the flexibility of trading conditions provided. Learn the assessment criteria.0 /10FINAM offers the following account options: Demo, Standard, VIP, Managed.
FINAM covers the core account types, making it convenient for traders with different preferences and strategies.
- Standard account with balanced trading conditions
- Low minimum deposit
- Exclusive VIP account with enhanced trading conditions
- No Swap Free account
- Micro lots are not available
FINAM account types vs top competitors FINAM Plus500 OANDA Standard YesYesYesECN/Raw spread NoNoYesDemo YesYesYesCent NoNoNoMicro NoNoYesSwap Free NoNoYesVIP YesNoNoManaged YesNoNoFINAM accounts trading conditions
A trading account is opened in Russian rubles. The service is available to adult citizens of the Russian Federation who are not individual entrepreneurs.
Account types:
Account Type Description Live A real MT4 account for trading 36 Forex instruments. Not intended for stock exchange access. Demo A virtual account for both beginners and experienced traders. Designed for training and testing strategies in simulation mode. Unified Not a classic Forex account, as it does not allow spot Forex trading with leverage. However, it can be used to trade currency as an exchange instrument on the Moscow Exchange, SPB Exchange, and international markets. Available on QUIK, Transaq, and FinamTrade terminals. -
Deposit and Withdrawal
Score:This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology4 /10FINAM received a Low score for the efficiency and convenience of its deposit and withdrawal processes.
FINAM offers limited payment options and accessibility, which may impact its competitiveness.
- Low minimum withdrawal requirement
- Minimum deposit below industry average
- Bank wire transfers available
- Bank card deposits and withdrawals
- BTC payments not accepted
- Only major base currencies available
- BTC not available as a base account currency
What are FINAM deposit and withdrawal options?
FINAM offers a limited selection of deposit and withdrawal methods, including Bank Card, Bank Wire. This limitation may restrict flexibility for users, making FINAM less competitive for those seeking diverse payment options.
FINAM Deposit and Withdrawal Methods vs Competitors FINAM Plus500 OANDA Bank Wire YesYesYesBank card YesYesYesPayPal NoYesYesWise NoNoNoBTC NoNoYesWhat are FINAM base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs. FINAM supports the following base account currencies: RUB.
What are FINAM's minimum deposit and withdrawal amounts?
The minimum deposit on FINAM is $0, while the minimum withdrawal amount is Ragnes. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact FINAM’s support team.
-
Markets and Tradable Assets
Score:The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change. Learn the assessment criteria5.8 /10FINAM offers a limited selection of trading assets compared to the market average. The platform supports 36 assets in total.
- Passive income with bonds
- ETFs investing
- Indices trading
- Small selection of currency pairs
- Crypto trading not available
Supported markets vs top competitors
We have compared the range of assets and markets supported by FINAM with its competitors, making it easier for you to find the perfect fit.
FINAM Plus500 OANDA Currency pairs 60 68 Total tradable assets The total tradable assets listed include all available instruments, including CFDs. Due to regional restrictions, certain CFDs may not be offered in some countries. For example, cryptocurrency CFDs are banned in the UK, and the U.S. has restrictions on CFDs. 36 2800 129 Stocks YesYesYesCommodity futures YesYesYesCrypto Cryptocurrency CFDs are restricted or prohibited in certain regions due to regulatory limitations. These include the United Kingdom, China, Egypt, the United States and Canada. NoYesYesStock indices YesYesYesOptions YesYesNoInvestment options
We also explored the trading assets and products FINAM offers for beginner traders and investors who prefer not to engage in active trading.
-
Trading Account Opening
Score:We evaluated Trading Account Opening at FINAM by testing the registration process under real conditions, including opening an account and funding it with the minimum required deposit (but no less than $100). Our assessment considered whether onboarding was fully online, the average registration time, the speed of KYC verification, and how quickly traders could activate their accounts. Learn the assessment criteria.8 /10We successfully registered an account with FINAM in 25 minutes. The KYC verification was completed within 3 business days. The minimum deposit amount at FINAM is $0. This is one of the most accessible and hassle-free onboarding procedures on the market.
- Low minimum deposit requirement
- Fully online account opening process
- Registration process may take longer than expected
- Account approval may require extra time depending on the documentation.
FINAM account opening FINAM Plus500 OANDA Online Registration YesYesYesMinimum deposit $0 $100 $0 Mandatory KYC YesYesYesRegistration time (min) 25 10 KYC time (days) 3 3 3 Is FINAM available in my country?
If you are a citizen of United States, the broker accepts clients from your country.
Please note that availability may vary due to regulatory requirements, so we recommend confirming directly with the broker for the most accurate and up-to-date information.
Account opening details
A trading account can be opened at a Finam office or on its official website. For online registration, follow these steps:
Fill out the form with your full name, phone number, and email.
Wait for a call from a company employee to proceed with the next steps.
Provide documents and sign the framework agreement.
Additional features of the user account allow traders to:
- Open additional accounts.
- Deposit and withdraw funds.
- Manage balances of active accounts.
- Download the MT4 platform.
- Contact support.
-
Customer Support
Score:We evaluated Customer Support at FINAM by opening a real account funded with the minimum required deposit (no less than $100) and contacting support to measure response time under real conditions. Our assessment considered contact channels, response speed, multilingual support, and availability hours. Learn the assessment criteria3 /10The broker’s customer support shows noticeable weaknesses in responsiveness or communication quality. Delays in replies are common, and resolution may require repeated contact.
In TU testing, response speed was below expectations, and assistance was limited in depth. Traders who rely heavily on support may experience inconvenience.
InformationFinam provides Russian-language technical support, educational materials, and assistance with registration, verification, and platform onboarding. Chat support is available 24/7. Phone support is available Monday through Friday from 09:30 to 21:00 without breaks, and on Saturday from 10:00 to 16:00 (GMT+3).
- Online support 24/7
- Free calls on Beeline, MTS, MegaFon, and Tele2 networks
- Company offices in 70+ cities
- No support via social networks
Finam’s communication methods:
- Online chat on the website.
- Email.
- Call center.
- FinamTrade app.
Contacts Registration address Moscow, Nastasyinsky Lane, 7, building 2 Regulation Central Bank of Russia Licence number:
045-13961-020000Official site https://finamfx.ru/ Contacts info@forex.finam.ru +7 (495) 796-90-24
Best FINAM Alternatives
FAQs
How is FINAM regulated and what safety measures does it provide for forex traders?
FINAM has a safety score of 8/10, indicating a high security level according to the review’s methodology, and is regulated by the Central Bank of the Russian Federation (Bank of Russia), which is classified as Tier-1 regulation. Client protection measures mentioned include negative balance protection, mandatory verification (KYC), and potential compensation for retail clients through the Compensation fund of the Forex Dealers SRO (AFD) if a licensed forex dealer goes bankrupt, while the broker’s exact foundation date is not specified in the section.
What do reviews say about FINAM’s trading and non-trading fees?
The review rates FINAM’s overall fees at 4/10, describing its trading and non-trading commissions as high compared with the market. According to the analysis, forex trading fees are above average, there is no ECN/Raw Spread account, but there are no inactivity or withdrawal fees and deposit fees range from 0% to 3%, with specific conditions for these charges not detailed in the section.
What account types are available at FINAM and what key conditions do they have?
FINAM offers Demo, Standard, VIP, Managed, Live, and Unified accounts, with trading accounts opened in Russian rubles and service available to adult citizens of the Russian Federation who are not individual entrepreneurs. The broker does not provide ECN/Raw spread, cent, micro, or swap-free accounts, and the Unified account is described as a non-classic Forex account used for trading currency as an exchange instrument on the Moscow Exchange, SPB Exchange, and international markets via QUIK, Transaq, and FinamTrade.
What markets and investment products can traders access with FINAM according to reviews?
The review notes that FINAM offers a total of 36 tradable assets, including stocks, commodity futures, stock indices, and options, but does not support cryptocurrencies and has a relatively small selection of currency pairs. It also highlights additional investment options such as bonds, ETFs, copy trading, and managed accounts, while PAMM investing is not available.
What feedback is provided about FINAM’s customer support availability and channels?
The review assigns a customer support score of 3/10, citing slow response times, limited depth of assistance, and the need for repeated contact in some cases. At the same time, it notes that FINAM offers Russian-language support via 24/7 online chat, email, a call center, and the FinamTrade app, with phone support available on specified hours during weekdays and Saturdays, and mentions free calls on certain Russian mobile networks and offices in over 70 cities, while support via social networks is not provided.
Articles that may help you
-
#For Beginners
FINAM Withdrawal Fees, Time & Payment Methods (2026)
October 2026 Mikhail Vnuchkov -
#For Beginners
Do Traders Prefer Major or Exotic Forex Pairs? | TU Research
November 2026 Anastasiia Chabaniuk -
#For Beginners
Elliott Wave Theory – A Complete Guide
November 2026 Alamin Morshed -
#For Beginners
Essential Forex Chart Patterns For Successful Trading
November 2026 Peter Emmanuel Chijioke -
#For Beginners
Forex Trading Fees And Costs Explained
November 2026 Maxim Nechiporenko -
#For Beginners
Beginner Trading Hardware: What You Need To Start
November 2026 Maxim Nechiporenko -
#For Beginners
Best Options Trading Demo (Virtual) Accounts
November 2026 Parshwa Turakhiya -
#For Beginners
How Do I Make A Forex Portfolio?
November 2026 Upendra Goswami -
#For Beginners
Best Free Tools For Beginners In Day Trading
November 2026 Mikhail Vnuchkov
