Finam Forex
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Finam Forex Licenses


Finam Forex – is a licensed exchange agent working in accordance with the legislation of the Russian Federation. All licenses forex broker are freely available on the website forex.finam.ru. Let’s take a look at what licenses Finam has.

Legitimacy of Finam Forex

Finam Forex is a brokerage company offering Forex trading in Russia. By registering at forex.finam.ru, the trader can choose to trade on the stock, futures and currency markets. Finam works in accordance with the legislation of Russia and has a permit certificates:

  • Brokerage. The company was authorized in 2000. The certificate numbered №177-02739-100000 was issued by the FCSM of Russia.
  • Dealer activity. The document was issued in 2000 by the FCSM of Russia. Number #177-02752-010000. The document is not limited in time of validity.
  • Depository activities. The certificate numbered №177-07687-000100 was issued by the Federal Financial Markets Service in 2004. The authorization has no validity period and allows Finam to engage in depository activities within the framework of Russian legislation.
  • Securities management. The license was obtained in 2008 with no expiration date. The certificate was issued by the Federal Financial Markets Service of Russia. Document number No. 077-11748-001000.
  • Investment fund management. The certificate entitles Finam to manage investment funds for an indefinite period of time. The document was received in 2002. The document number is No. 21-000-1-00095.

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Also not finam.ru presents the license issued by Bank Finam JSC. This document gives the right to engage in all types of banking activities in Russia:

  • Asset Attraction.
  • Maintenance of bank accounts.
  • Money transfers.
  • Collection.
  • Purchase and sale of foreign currency.
  • Bank guarantees, etc.

You can check approvals on the resource of the Federal Financial Markets Service of Russia. To check the certificate, enter its number in the corresponding line.

Why is it important to have a license?

Working with an exchange agent, you trust him with your money. Having made a deposit, you must be sure that you can return the money and withdraw your earnings without delays and hidden interest. The license proves the transparency and legality of the service, which means your money and deposits are protected by the laws of the country where the document was issued. The absence of the certificate does not always indicate the unreliability of the service, but its presence is a sure sign of honest work and safety of traders’ money. You can find brokers with a license in our rating. The advantages of working with a licensed service:

  • Legality. A licensed broker works in accordance with the laws of the country of registration.
  • Bankruptcy indemnity. If the service goes bankrupt, the trader can get a guaranteed compensation for the lost money.
  • Transparent trading conditions. The trading conditions are clearly spelled out. The broker does not have the right to refuse to explain the trading conditions.
  • No hidden fees. On the website of a licensed broker, the commissions charged by the company should be clearly spelled out.
  • Regulator. In case of non-compliance with trading rules and violations, the trader can apply to the regulator, who will deal with the claim.

Please note that a broker does not necessarily have to have a license to work in Russia. The document is issued by the authorized bodies of the company’s registration country. Also read on our website how to open an account with Finam Forex Broker, the minimum deposit amount, how to use a demo account and how to withdraw money without commissions.

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