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FINAM Trading Signals - TU Expert review

Updated: November 02, 2023
Mikhail Vnuchkov
Contributor
Opinions expressed by Traders Union Contributors are their own.
Reviewed by
Olga Shendetskaya
Editor
Full FINAM
overview
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FINAM Fees and Minimum Deposit

Table of Contents

  • Intro
  • Short introduction
  • Pros and cons
  • What are trading signals?
  • Conclusions
  • FAQs
Editorial Note: While we adhere to strict Editorial Integrity, this post may contain references to products from our partners. Here's an explanation for How We Make Money. None of the data and information on this webpage constitutes investment advice according to our Disclaimer.

Trading signals are one of the best trading options for beginners and for earning passive income. Novice traders can use such signals and earn a profit, while still learning. Brokers can offer various ways of receiving signals. Traders Union analysts have prepared a detailed analysis of FINAM trading signals. You will learn what kinds of trading signals FINAM offers and what the conditions for using them are.

Short introduction of 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.

💰 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

FINAM Pros and Cons

👍 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.

What are trading signals?

Trading signals are signals to enter a trade, which the broker provides to traders. They can be based both on fundamental and technical analysis.

A broker can provide signals in several ways:

  • Copy trading.

  • Email alerts.

  • Signals through a blog on the website.

  • Recommendations of a personal manager, etc.

When choosing signals, it is important to take into consideration their profitability, the list of trading instruments, the conditions of their provision – fees, markup, etc.

Conclusion

Based on the results of the analysis, Traders Union analysts have concluded that FINAM does not have the best conditions for trading signals. The broker offers a limited choice of instruments, for which signals are provided, high fees and there are questions about signal profitability. Therefore, if you are planning to trade signals, it would be a good idea to consider another option.

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FAQs

Do brokers offer premium subscriptions to signals?

In some cases, brokers may offer premium subscriptions.

Can I subscribe to several signal providers?

As a rule, brokers allow traders to do that. It is important to subscribe to several providers or newsletters, as it helps diversify the risks.

Can trading signals depend on the account type?

Yes. As a rule, they are provided for certain account types, but may also be available for the standard account.

Team that worked on the article

Mikhail Vnuchkov
Mikhail Vnuchkov
Author at Traders Union

Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.

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Olga Shendetskaya
Olga Shendetskaya
Author and editor at Traders Union

Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.

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