FINAM Review

Overview

Stock broker FINAM provides the customer with the access to major international exchanges (MICEX, exchanges of Japan, Hong Kong, Australia, America (NASDAQ, NYSE) etc.)

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Details

BrokerFINAM
Website URLfinam.eu
Founded1994
Headquarters127006, Moscow, trans. Nastasyinsky, d.7, p.2
Support Number8-800-200-44-00, +7 (495) 796-93-88 (доб. 2222), +7 (495) 1-346-346 (доб. 2222)
Support TypesChat, phone, office, forum, email
LanguagesEnglish
Trading PlatformQUIK, MetaTrader 4, MetaTrader 5, Multi Exchange, FinamTrade, Transaq, HFT, Livetrade Professional, Volfix
SpreadFloating, from 0.3 points
Free Demo Account Open Demo
Regulated Yes
RegulationCBRF (№177-02739-100000)
Commission Infofrom 0.0027%
Account TypesDemo, «Day», «Fixed», «Test Drive», «Consulting», «VIP», «Active Trader», «Expert», «Portfolio», «Sub Broker», «Archival Monthly»
Deposit MethodsBank transfers, internal transfers through the cashier CJSC FINAM, FINAM Bank, other banks, DeltaPay, MobileIlement, Rapida
Withdrawal MethodsBank transfers, internal transfers through the cashier CJSC FINAM, FINAM Bank, other banks, DeltaPay, MobileIlement, Rapida
Trading MethodsLukoil, Sberbank, Yandex, VTB, Aeroflot, Gazprom, Philips, MVideo and others.
Types of AssetsShares (stocks, shares, depositary receipts, bonds, etc.), indices, currency, futures
Trading CurrencyММВБ, NYSE, NASDAQ, Toronto Stock Exchange, Deutsche Börse, London Stock Exchange, Bolsa Mex
US Traders Allowed No
Overall Score9.8/10

Additional Information

  • Reliability rating: A++ (highest)
  • Set capital, million rubles: 180
  • The volume of trading in 2016 (million rubles): 62 226 953
  • Entrust. pr.: yes
  • Training: yes
  • Analytics: yes
  • Exchange commission: yes
  • Depositary commission: yes
  • OTC market commission: 0.118%

Full Review


Stock broker FINAM is considered an unquestionable leader in the stock market providing the customer with the access to major international exchanges (America (NASDAQ, NYSE), MICEX, exchanges of Japan, Hong Kong, Futures and Options Market in the Russian Trade System, Gasprom, Australia,  etc.), quality counseling in assets selling in the stock market. This is one of the popular brokers offering all kinds of broker services for investors and speculators. And yet, is FINAM a scam artist or a stock broker worthy of your attention? We answer this question in our today’s review.

 

Terms of trade with FINAM

The holding group has been operating since 1994, with emergency of the company «Finance Analytic», a pioneer of broker services. By the year 2002 it became an investment holding group FINAM and today its members are the international brokers WhoTrades Inc. (USA), WhoTrades Ltd. (Europe), broker ZAO «FINAM», broadcaster «Finam FM», training center and other projects. The company has the decades-long successful track record, is the major one on core indicators (the number of active customers, etc.), among the most recognized brands in the market, represented in USA, Europe and Asia. In the course of such a long operating life FINAM won many awards (for example, the title of the largest real estate investor, awards «Financial Olymp», «Grand Prix investment company of the year», «Stock market Big League»).

The broker provides its user with vast opportunities for effective capital management and dealing with stock, futures and options and Forex markets. There are such advantages available for the customers like assets trust management, minimal deposit, quality support, transactional guarantee, fixed spreads. Development of new services for customers is a distinct component, supervised design of trading programs versions, production of analytics. The broker offers a wide range of trading terminals (its own platform FinamTrade and its mobile versions, MMA Web, Metatrader, Transaq etc.), a great choice of assets (assets of the international currency market Forex, American market etc.). Among exiting programs available today are auto-investigation service Trade Center, comon.ru, social media platform whotrade.com.

There are several interesting assets trading programs available for traders (these are trading tariffs «Daily», «Fixed», «Test drive», «Advisory», «VIP», «Active trader», «Expert», «Portfolio», «Sub-broker», «Archive monthly»). You may use the company bank, providing deposit, holdings, insurance services etc., investment service. On the official broker’s website there are quality analytics, online quotations available, allowing to trace the dynamics of assets in financial markets. For those wishing to update their proficiency, there are various training programs available, lectures, seminars, webinars, sessions (including the group sessions) in Skype, users may visit the stock online shop, purchase assets of international companies.

 

Deposit and withdrawal

For users convenience FINAM offers various deposit and withdrawal ways, which are not that much though. To replenish an account you need to sign up by broker, choose a convenient way to transfer funds and deposit a sum:

  • Checkout counter ZAO FINAM (bank transfers, internal transfers),
  • Bank «FINAM», other banks (bank transfers, internal transfers),
  • Payment terminals (DeltaPay, MobilElement, Rapida).

 

Complaints against FINAM

FINAM is one of the most popular stock brokers with the reputation of a leader in financial markets. There are many references of traders available in the Internet, about trading by broker, and they are more positive comments, this proves the success of the company in many respects.

Among the advantages the majority of users point the continuous following recent developments and contemporary market trends, reliability of the broker providing quick withdrawal of funds, quality analytics, adequate support service (managers appreciate the feedback and assist users), customer centricity, user friendly website, wide range of services, terminals, easy trading (low entry deposits, low percents and spreads), chances for market novices, quality video materials. Traders trust the broker largely due to the license, recommend the company as the one allowing to generate income, to novice traders, too.


And yet, there are enough negative references in the Internet, too, among them as user issues the withdrawal delays are pointed, along with incompetence of the support service, problems relating to the single account termination, vague terms of shares purchase, technical failures of terminals. Please note that there is a broker agent working on forums and issue-related resources, assisting customers in dealing with the issues.

If we find complaints about FINAM, we will post it on social media. Follow us to be well informed:

 

Is FINAM a scam?

FINAM is one of the major rapidly developing brokers of the market and has a lot of prestigious awards. The company keeps the top positions, this is proven by users trust all around the world. There are many references about the company in Internet, besides they are more positive than negative, which describes the broker nicely as customer-oriented, providing lucrative trading and a wide range of services, along with the access to the major international exchanges, low stock trading entry barrier, low commissions and spreads etc.

Please note that professional traders, which have been cooperating with the company for quite a long time, recommend it to forums guests. Besides, there is a broker agent working on the issue-related resources, he cancels the negative issues and solves the problems emerged. The professional support service is also pointed in the positive feedback, along with the quality analytics and training programs. All above proves the commitment of the broker, considering its service and meaningful trading process options carefully.

We will consider as advantages a great number of unique services provided by broker and the own trading platform FinamTrade, this underlines the determination of the company to invest in the unique provision development. The customers consider the company safe due to the license and trust it with funds, this distinguishes FINAM from fly-by-night brokers and scam artists.

And yet, shall we consider FINAM a scam lottery, bucket shop? Certainly not as it’s proved by continuous development, quality service provision, global trust of traders, which are just increasing in amount. However, to avoid the issues when dealing with the stock broker, we recommend you to contact your account manager and ask him for detailed information about trading rules, withdrawal procedure, commissions etc.

 

Summary

The stock broker FINAM has been operating in financial markets over 20 years already, has a great number of prestigious awards, keeps the leadership among competitors providing for its user the diversity of options for comfortable trading: unique service, favorable terms, quality analytics and training materials, professional technical support, a lot of tools, assets etc. There are enough traders references in Internet about trading with the company, the broker agent works on forums, proving that the company does appreciate the user’s opinion on its service. The broker has the license, which increases its creditability. Apart from this, the company is among the advanced ones, providing the up-to-date options for trading not only in the financial market, but also in other ones.

It is to be hoped that FINAM will keep the leadership providing its user with the profitable opportunities and unique service. The broker has been proving its reliability and stability for years, so we won’t consider it a scam artist. However, the references of investors and speculators, which we expect for this review, may not only significantly change the rating of the stock broker FINAM on our resource, but also caution stock market players against possible problems.

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