Finam – Forex Broker review

Finam – Forex Broker review
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Company FINAM LIMITED
Founded in 2006
Online since 2008
Offices in Cyprus, Russian Federation
Payment options Credit/debit cards, QIWI, WebMoney, Wire transfer
Demo platforms MetaTrader 4 (Limited with 30 days of inactivity), Finam Multi Exchange (Limited with 30 days of inactivity), FinamTrade (Limited with 30 days of inactivity)
Account currencies United States dollar
Regulated by CySEC, 073/06
Website available in English, Russian
Support available in English, Russian
Support methods Live chat, Office, Phone
Trading server time zone GMT+4
  • Free education
  • Trading by telephone
  • Affiliate program

Account Types

Forex-Lite Account

Minimum account size $10
Minimum position size 0.01 lot
Spread type Fixed
Spread on EUR/USD, pips 3
Scalping Allowed
Expert advisors Allowed
Trading instruments
Forex 1:500
Trading platforms MetaTrader 4
Digits after the dot in quotes 5
Margin call level 50%
Stop-out level 50%
Number of currency pairs 26
  • Hedging
  • Overnight interest rates (swaps)
  • Trailing stop
  • Pending orders
  • One-click trading
  • Mobile trading
  • Automated trading

Minimum account size $500
Minimum position size 0.01 lot
Spread type Variable
Typical spread on EUR/USD, pips 1
Minimum spread on EUR/USD, pips 0.5
Scalping Allowed
Expert advisors Allowed
Trading instruments
Forex 1:100
Gold & silver 1:100
CFD 1:100
Oil 1:100
Stocks 1:100
Futures 1:100
Indexes 1:100
Agriculture 1:100
Soft commodities 1:100
Metals 1:100
Energies 1:100
Trading platforms MetaTrader 4, Finam Multi Exchange, FinamTrade
Digits after the dot in quotes 5
Margin call level 50%
Stop-out level 50%
Number of currency pairs 26
  • Hedging
  • Overnight interest rates (swaps)
  • Trailing stop
  • Pending orders
  • One-click trading
  • Mobile trading
  • Browser-based platform
  • Automated trading

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