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Finam review

On-line since: 2002
Country of origin: Russia
Regulation: the Cyprus Securities and Exchange Commission (CySEC)
Payment options: WebMoney, bank wire, payment cards
Minimum account size: $100
Minimum lot size: 0.05 lot
Leverage: 1:500
Spreads: floating from 1 pip (no swap)

About the company:

Finam is one of the largest brokerage companies in Russia. Currently, it controls over 18% of the the country’s investment market. The broker’s total trading turnover on the stock market exceeds $145 billion. Finam services are available in 97 cities of Russia.
Finam is a member of NASDAQ, the US electronic stock exchange. The company has branch offices across the United States and the European Union as well as in the largest countries of Southeast Asia. The broker also provides financial services to Japanese and Chinese investors operating in the Russian securities markets.
Finam Holdings has received a number of prestigious awards such as Financial Olympus, Financial Elite of Russia, and Elite of Stock Market.

Finam 6/10 (votes 3907)
Author of Finam: Brexomty | Date 2019-03-08
I am very comfortable to work with Finam. The execution of MT4 platform is tremendous instant, very low spread, an acceptable commission. I am Applying different strategies and tools to and able to guarantee the success of my most of the traders. Yesterday I withdraw usd800 and 1 hour later I received my money in Neteller account. I will not hesitate to give it solid 5 stars!
Author of Finam: Oliver | Date 2018-12-17
Most of the brokers I've been seeing does not accept US clients. So I really had a hard time starting in the trading industry. I was very happy when I found out about Finam because not only does it accept clients from the US, it is even regulated by the NFA. So we, US traders have direct access to it. My trading experience by far has been very productive and I've gathered a relatively good amount of profit. They have a very stable platform and a reliable customer support team.
Author of Finam: fxaduhduh | Date 2018-10-05
The benefits that have been Finam gave to me and every trader them are very much, they are excellent and professional broker. I joined this broker since 2010 and I didn't have any complain about their trading quality or service. All is well and make me won many profit. I have more then 3 times get a $1000 bonus that sudden because my accounts trade regularly and participate in their contest. While trading I can receive the profit worth 45% or 50% from my deposit. It's because their spreads 1 pip (no swap) and the minimum deposit only $100. The deposit and withdraw process also run fast. I ;like their platform, enjoy the trading process and earn the profits in Finam broker. Therefore I always invite my friends and family to join them.
Author of Finam: Nehaku | Date 2018-08-02
I started with Finam about 4 months ago and I am satisfied with this broker.In their TradeX trading platform, there are no requotes, perfect execution, trading very successfully. Exactly I began to trade with $400 and I've already withdrawn 3 times. Even last day I made a withdrawal request for $ 250 from one of my account and the payment was made after 5 hours via Skrill. Professional trader should try this broker.
Author of Finam: Taiwo | Date 2017-12-29
I have tested this company with close to a ten demo accounts on the MT4 platform, using different names, before starting with the live account. I found out that Finam stands out to be the best in both demo and live account. I never experienced any cheating in the live accounts, I had spikes that trigger my profit limits rather than stop loss.I have personally taken 300usd out of Finam over the last 3 months in profit.
Author of Finam: piphanlehle | Date 2017-12-29
I consider Finam is a good broker and that's why I'm them for so long for almost 3 years. Until today, I still increase my deposit because in every trading I got profit about 25% to 45% and I experience tight spreads, very fast execution and totally no reqoutes. I can enjoy the trading process because the spreads start from zero and there is no problem during traffic news. Their analysis are very useful, always on point. I really recommend this broker and have invite all my friend to join me because I found Finam broker so transparent in every withdraw process in any payment options. I am very happy with them and plan on staying trading with them forever!
Author of Finam: Shift_sip101 | Date 2017-11-24
To begin with, my trading capital was from their forum contest entitled as Wall Street Shark competition. My trading account ranked as the 3rd place, and the prize was transferred into my account right after I complied the trading requirements. My journey to success starts there, where I was able to yield profits more than I expected. If I am not mistaken, the total amount I earned from the bonus was around $195. I put all my profits from the bonus to my live trading account. Til now, my trading account is still active. I used different trading methods each time I place an order and this company never blocked my account. And none of my profits been reduced nor deducted without my knowledge. There were times I traded with bugs, but the staff quickly solve my concern and returned my losses. It's the reason why I still trading with them, coz they listened to the concern of their clients before making any decisions.
Author of Finam: nubayun | Date 2017-10-23
I will say that I have started my trading career with this broker and its being 8 months now since I am trading with Finam. I started with opening demo account and learned how the markets work. Then i opened a real account with $100 initial after 2 months of demo trading. My strategy is simple and includes news straddle, the main requirement is platform responsiveness, good liquidity and type spreads. Using one lot was a right decision with 1:100 leverage augmenting my buying power. I can now earn 30% monthly profits consistently and hope to grow more in future. Profit withdrawals are easier however they sometime do call me to verify my withdrawals which are above $100. I will be looking forward for more trades and better opportunities. A highly recommended broker.
Author of Finam: Lula | Date 2017-09-27
I am totally satisfied with my trading with Finam. I tested Finam with 2 different live accounts in different names too. Let me tell you also that I tested about 8 other broker companies with demo accounts and about 2 other companies with live accounts before concluding on Finam. I found out that Finam stands out to be the best in both demo and live account. I never experienced any cheating in the live accounts, I had spikes that triggers my profit limits rather than stop loss. I recommend Finam to all traders.
Author of Finam: Ronny | Date 2017-08-31
I traded with Finam for one year ( 2016), after opening a live trading account I made 5 deposits the last one was 200USD, all of them via bankwire and all processed on time. The last withdrawal of my profits I made in january this year of $350 and surely had no problems. Spreads for Majors I traded - EUR/USD was very competitive normally 1.5 pips, of course they are variable, but I prefer such kind of spreads, we can take advantage of the market conditions to make more profits. I stopped trading for a while, but I intend to return soon, and if possible Fianm will be one of my brokers.
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