Finam Forex
Total reviews 3
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Forex broker with an official license from the Central Bank of Russia, specializes in forex trading, but also works with other assets.
Forex broker
Official website
Social media
Date of foundation
Head Office
Russia, 127006, Moscow, Nastasyinsky per. 7, bld. 2
The owner of the company
Finam Forex LLC
Types of support
[email protected][email protected]Feedback form on the siteCallback from the websiteForumHelp CenterOfficeLive ChatTelegramVKWhatsAppViber
Support by phone
+7 (812) 6-677-777St. Petersburg
*1945Free throughout Russia for MTS, Beeline, MegaFon and Tele2
English, Russian
MetaTrader 4, FinamTrade, QUIK, Transaq
Broker fee
Depositary (if there are operations on the account) - 177 rub./month, the brokerage depends on the rate ("Day": 41.30 rub. for each execution of the order, the Moscow Stock Exchange - 0,0008% of the turnover, if the volume is less than 50 lots, and 1 rub. if more)
Until 1:40
Floating, from 11 points
Free Demo Account
CENTRAL BANK OF RUSSIANo. 045-13961-020000 dated December 14, 2015.
FFMS of Russia№ 077-11748-001000
No. 045-13961-020000 dated December 14, 2015. (Active)
№077-11748-001000 (Active)
Types of accounts
Features of trade
Trading currency pairs on MT4 and broker platform
Execution of orders
Market Execution (at market price)
Methods of replenishment
Bank transfer, Cash, Bank card (Visa/MC), Fast payment system
Withdrawal methods
Cash, Bank Transfer
Number of assets
Types of assets
Currency pairs
Binary options
Account currencies
Liquidity providers
Just2Trade Online Limited
Mobile Trading
There are mobile apps (iOS / Android)
Weekend trading
Tournaments / contests
Trader training
Individual consultations, video lessons, video courses, seminars via Skype, online trading room, trader's library
Contract Difference Commission
Depends on the tariff
PAMM trading
Market and industry reviews, forecasts, target prices, recommendations
Margin Trading
Affiliate Program
Registration3 variants of the referral program
Licensed Forex Dealer
Rouble account (no need to pay extra for conversion when depositing and withdrawing)
Quotes are calculated taking into account 40 sources of deviation indicator calculation
Free online training (video lessons, seminars, etc.)
Profitable affiliate programs (3 formats to choose from)
Minimum deal amount - 1000 USD
The broker charges a commission on each order
Inconvenient withdrawal of funds
Company requisites
Automated Trading
Allowed to use robots and advisors in trading
Date of update
Overall assessment
    Russia, 127006, Moskva, per. Nastasyinskiy, d. 7, str. 2

    Finam Forex is this a scam? Reviews and description

    Published: 6 October 2020 Updated: 12 May 2023

    "Finam Forex is part of the group of companies FinamThe company was founded in 1994, which also includes a bank, an investment company and an information and analytical company. The forex dealing business began to develop in 2015.

    For trading currency pairs clients are offered to work with two platforms (MetaTrader 4 and FinamTrade - in-house development). Free training programs and demo accounts. Can I trust this provider and how safe is it to invest in it? Forex broker "Finam Forex" - is it a scam or quite a reliable project? Let's try to get to the bottom of these questions.


    Terms of trading with Finam Forex

    Finam has extremely few details before you register a trading (not demo) account by providing passport details. With what minimum deposit and conditions on the size of the deposit, stop-out, margin call (there is, of course, a phrase that we are guaranteed "100% protection of the account from negative balance, but whether to take it literally, as a Stop-out, or just consider it an indicator of absolute reliability, it is difficult to decide) you open an account, what format (STP, NDD, ECN) and execution type (Market, Instant)? No answer. Only the following is known:

    • Trading account is opened in rubles.
    • Spreads in MetaTrader 4 (and there is another platform - FinamTrade) are floating - from 11 pips.
    • Leverage is provided - 1:40 for currency pairs.
    • The minimum transaction amount is 1,000 USD. (or 15,000 RUR, if you believe the contract), the volume is 0.01 lots.
    • Automated trading and trading by expert advisors are supported. Trading signals are provided in the Finam Telegram-channel, on Twitter and on (by subscription)

    It is possible to train on a training demo account (without investing real money). Trading is carried out on the stock and currency markets of the Moscow Exchange, the American exchanges CME, NYSE, ICE, NASDAQ, the London Stock Exchange LSE, the St. Petersburg exchanges (PJSC "St. Petersburg Exchange", SPIMEX), NTB and FORTS (in the futures and options section of the futures and options market).

    Despite the fact that the broker emphasizes the absence of commission, it is present in the official documents. For example, the depository fee (for Finam to process your deposit and withdrawal transactions, if any) is 177 rubles per month. The broker's commission is determined by the tariff plan and the exchange. Let's break down the different service packages by the example of Moscow (currency market):

    • "Single Advisory" - 0.08262% of the transaction amount (at any turnover).
    • "Single Test Drive" - 0.01805%.
    • "Single Optimum" - from 0.00275% to 0.03386%, depending on the turnover in rubles.
    • "Single Daily", "Single Eurobond SPB", "Single FreeTrade" and "Single Fixed" - from 0.00983% to 0.03682% depending on turnover.

    In addition, you take on the commission of the exchange. On the Moscow Exchange currency market you must pay 0.0008% of the turnover if it is less than 50 lots (but not less than 25 rubles from each transaction), and 1 ruble per order if more (such figures are prescribed in the "Frequently Asked Questions of Users" on the

    To help traders, Finam Forex offers analytics (market and industry reviews, forecasts, target prices, recommendations, etc.) - its own and from MetaTrader 4 (inside the terminal). And a huge number of training materials, most of which are free, in several formats: video lessons, video courses, seminars via Skype, online trading room, trader's library. Plus individual consultations and in-person paid programs (Forex Trading Training). Support is provided:

    • By phone - each region has its own number. In Moscow it is: 8 (495) 1-346-346 and 1945 (short number for mobile calls).
    • By e-mail - by direct mail or through the feedback form.
    • In the online chat on the website.
    • In messengers Telegram, WhatsApp (tied to 8 (495) 796-90 24).
    • In the regional offices of Finam (there are in 85 cities).
    • In the forum.

    Some information can be found in the Frequently Asked Questions (FAQ).


    Finam Platform

    The forex direction at Finam is represented by MetaTrader 4 terminal, which is considered by traders to be the most reliable and productive. The list of MT4 features includes:

    • Viewing graphs in all major modes.
    • 30+ techindicators, 24 analytical objects and the ability to load third-party tools.
    • 9 timeframes (M1, M5, M15, M30, H1, H4, D1, W1 and MN).
    • 1-click order creation on the chart, scrolling, zooming and other interactive features and settings.
    • Support for all types of platforms (PC, cell phones, tablets) and work formats (online, offline).
    • Audio and push notifications, chat with other traders and support, news and analytics.

    In addition, there is a mobile application and a web version of FinamTrade with support for stock, currency and "futures" markets, trade repetition and workspace saving features (all settings are saved and transferred to accounts on other devices) and a news section. TRANSAQ and QUIK terminals are used for securities trading.

    Forex broker quotes


    The liquidity provider announced in the documentation is Just2Trade Online Limited. It is a subsidiary of Finam, registered in 2015 in Cyprus and providing access to the interbank market. It, in turn, receives quotes from Currenex, a world-renowned primer and the first forex aggregator. In addition (as sources for calculating the deviation indicator) another 40 sources are considered.


    Demo account

    "Finam Forex allows you to open a free demo account, if you are not ready to invest your personal funds in the project right away. And for this purpose - to create an account. The registration button is available on all pages of the broker's website By clicking on it, you will see a short questionnaire. You will need to enter your full name, e-mail address, and mobile number (you will need to confirm it by entering a 4-digit code, which the system will send via SMS).

    An email with access (username and password) to the MetaTrader 4 training terminal will be sent to the specified email address. Now you need to download it to your PC or mobile and log in to your account. The balance of your demo account will be 500,000 virtual (having no value) rubles. If you use them up, you will need to register 1 more account. There is no time limit. But to create a real account, you need to go through a separate registration procedure on the website


    Mobile application

    Finam has a mobile app in English and Russian for trading different types of assets (currency pairs, futures, bonds, stocks, options) on devices running Android 4.4 or newer and iOS 10.0 or higher (with watchOS at least 3.0). It's free to download from the App Store and Play Market. Its features:

    • View quotes and charts in real time.
    • Displaying the status of the account and positions (open, closed).
    • Technical indicators and graphical tools.
    • Customizable notifications about changes in the market and order status.
    • All basic types of orders (instant execution, pending orders).
    • Financial news and analysis.
    • Default account selection.
    • Top up your account with a bank card.

    Users of the android version rate it at 4.4 out of 5, "apple" - at 3.4/5. The complaints are related to the "crashes" of the application, as well as configuration and management problems. Also, the company works with MetaTrader 4 mobile, the data for access to which is sent to your e-mail after your registration on the site and all the checks (this applies to both trading and training accounts).


    Bonuses at Finam

    The broker does not provide any bonuses for registering a trading account, activity on transactions, deposits, etc. The only direction in which its system of rewards works is the affiliate program.

    Affiliate Program

    The referral program is presented in three formats:

    • Finam Reward. Traditional referral program, when you place a link to on your resources and earn from the deals made by new clients of the broker attracted by you (from 20% of the commission per deal).
    • Introducing Broker (IB). You work as a company representative, open your own office, and take 50% of the commissions paid by clients. You work under a contract.
    • White Label. You act independently, using your personal resources (website, mobile app), into which Finam integrates its own software (widgets, plug-ins, etc.). You retain your trademark and, again, earn a percentage of the broker's profits from the trades (the amount is not specified).


    Deposit and withdrawal

    You can fund a Forex account opened in Finam's web version only by a bank transfer - via your internet bank (according to the details on the website) or your broker's internet bank. Payment processing by the provider takes no more than 1 working day, by the bank - from 1 to 3 working days. The commission fee is zero. If we talk about the downloadable mobile, it recently added the option to recharge from a bank card (supports VISA, MasterCard). All this is done via personal account. The commission is 1%. To withdraw the earned money you can go two ways:

    Make an electronic order through your personal cabinet, sign with an analogue of a handwritten signature (electronic signature) and send it to support, who will process the application and - if approved - will transfer money to the details, from which you made a deposit. Bank charges may apply, you will have to pay them. Come to any of the offices of Finam and fill in the application there. All further steps are the same as above. Processing of orders takes up to 2 working days.


    Complaints against Finam Forex

    The reviews about Finam are contradictory. Someone praises the broker, talking about the success of their investments in its programs, good earnings on trading, a large number of instruments, working strategies, professional support and lack of problems with the technical part of the terminals.

    Others, on the contrary, complain about platforms "freezing" (which causes them to lose their funds), outdated work organization policy, high transaction volumes, deliberate, in their opinion, actions to slow down withdrawal and references to all kinds of rules that allow assigning high commissions. There are quite a few of both.

    If there are any complaints about forex broker Finam Forex, we will definitely publish the information in social networks. Sign up so you won't miss anything!

    Please keep yourself informed about news and complaints. We copy the most valuable information to social networks, so please sign up!


    Broker regulator

    LLC Management Company Finam Management, part of which is LLC Finam Forex (the legal name of Finam), received a securities management license number 077-11748-001000 from the Russian Federal Financial Markets Service (the Federal Service for Financial Markets). Unfortunately, the document is not published on the broker's web-site and the regulator does not have an open register, so it is not possible to check the information. But Finam Forex itself, which received a license to conduct forex dealer activities, is included in the register of the Central Bank of the Russian Federation.

    User Agreement

    The Client Agreement ("Framework Agreement of Finam Forex LLC") establishes the rights and obligations of the parties - the broker and the trader. Let's analyze several clauses of the document. Thus, clause 5.7 says that you are liable to the forex dealer for any losses incurred by him through your fault, including the ones caused by the untimely submission of documents or misrepresentation of information. At the same time if you do not fulfill your obligations on compensation in time, a penalty of 0.1% of the amount of debt for each day of delay is charged (clause 5.8).

    When you enter into a contract, you must certify that you are not a sole proprietorship. And notify Finam if the situation changes. The broker may, at his discretion, refuse to open an account for you (Section 7.11.4).

    You must notify the company of all changes related to the data provided when registering the account. And also fill in the client questionnaire every month (clause 7.20).


    "Is Finam Forex a scam?

    "Finam Forex - is a forex broker registered on the territory of the Russian Federation, which is part of a group of companies that includes, among other things, a bank. That a priori means the impossibility of blatant fraud. And yet unpleasant is the lack of detailed information about the trading conditions in the public domain. To know the amount of commissions (and they do exist, even if not in the usual trader's format, but in the form of fees for the service of money transfers and specific orders), the available account currencies, the sources of quotes, etc., one must seek out and carefully study the legal documentation.

    This is partly the reason for complaints from clients. Although they voice other accusations as well: of intentionally leading to the loss of earnings (by losing access to the personal account, the terminal) and increasing commissions (by using some or other rules in their favor). Of course, Finam Forex is not a scam. And yet it is impossible to say that the broker has an ideal reputation among Internet users.



    "Finam Forex The broker is pleased with a huge amount of analytics and training materials, but the presentation of information related to trading conditions is frankly weak: the minimum information is given in the quick access (in the main sections of the site), a little more - in legal documents, and all the rest - only after the account registration with the provision of passport data and other verification stages. In addition, the minimum transaction amount - $ 1000 (or 15 000 rubles, if you believe the framework agreement), which is quite a lot for the average trader (most brokers offer to start with 100 c.u., and for large sums allocate special accounts/accounts).

    Accounts are subject to several types of commission: for order processing, for account maintenance. Plus a percentage will be taken by the exchange, and the client must compensate for this as well. Deposit and withdrawal of funds when working with the web version and PC-terminal are made only by bank transfer (but for this you have to register an electronic signature) or through the company's cash desk (that is, you have to go somewhere every time). Only mobile application adds bank card payment to this list. From the pluses, in addition to the license - a large number of offices across the country and convenient service, profitable affiliate programs, accurate quotes (which are calculated using 40 sources of deviation rate), free online training and opening an account in our currency - rubles.

    Trading tools and assets
    Withdrawal speed
    Broker fee
    Technical support


      Finam Forex reviews

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    • 1.3
      Review approved for publication Rate your review 0
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      Finam is a scam! Watch out - no money can be withdrawn!

      Three working days ago, put on the withdrawal of 20 thousand rubles (laughter!). Technical support promised that the money will come, and they still do not! Moreover, technical support has ceased to respond! This is the bottom… I am glad I only deposited kopecks to check it. Don’t lose money with these… Read more

      • I expected that it works in our jurisdiction - so it is easy to solve problems (the Central Bank rules)
      • Three working days ago, put on the withdrawal of 20 thousand rubles (laughter!). Technical support promised that the money will come, and they still do not! Moreover, technical support has ceased to respond! This is the bottom... I am glad I only deposited kopecks to check it. Don't lose money with these charlatans! Finam is a scam: you make money and then you don't withdraw it!
    • 4
      Review approved for publication Rate your review 0
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      I recommend

      What I have always liked about Finam Forex is that they are client oriented. Although I have not met any reviews on Finam Forex on my feedbacks where it was mentioned, but in my case the managers used an individual approach. But in my case they used individual approach, i.e. trading conditions were discussed… Read more

    • 1
      Review approved for publication Rate your review 0
      Trading tools and assets
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      Theft of funds

      Stolen from the trader from the lot 0.01!!!! of the pair USDRUB (lot 1000!!!! USD) 22126 rubles!
      1. Let the trader make a deal
      Stop trading with a tool for 3 weeks
      3. Increase CRATIO!!!! (Multiply Karl) the swap per position
      4. Set the spread!!!!! of the trading pair 91 — 134 (forty three ruble!!!!… Read more

      • no
      • Stealing customer funds
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