As it is stated on the , the company uses the popular MetaTrader 4 trading platform, with 26 currency pairs, tight spreads, and protection against the negative balance. This platform is used by many companies because of its innovative options, and easy use. The platform is available for mobile devices https://www.cnbc.com/money-in-motion/ as well, which is a great chance for clients to be in touch with their funds at any time. The company WhoTrades Ltd. – European licensed broker, a member of the Frankfurt Stock Exchange. Founded in 2005 and currently is one of the recognized leaders in the work of the international markets.
- Founded in 2005 and currently is one of the recognized leaders in the work of the international markets.
- The clients’ funds are kept in segregated bank account from company’s bank account based on regulation conditions.
- Find Your Broker We helped new traders to find their path.
- FINAM was proud to receive several prestigious awards including the Financial Elite of Russia award.
- I can’t make a trade now because I don’t know anymore how much I really have in my account.
The trading platform is unstable, and it’s not easy to use. The most uncomfortable thing, order execution https://forexreviewdaily.com/ is very slow and not sent as I wish. Spread is increasing, and the clear cut system is not applied.
Platforms
CFDs are leveraged products and as such loses may be more than the initial invested capital. Trading in CFDs carry a high level of risk thus may not be appropriate for all https://forexreviewdaily.com/ investors. You must understand that Forex trading, while potentially profitable, can make you lose your money. Never trade with the money that you cannot afford to lose!
However, there are no account types particularly highlighted anywhere on their website, so we might assume that there is only one standard account available. However, if you are still insecure, then it is better to open a Demo account to check how things work.
Special offers
«FINAM provides a wide range of brokerage services designed for clients with different levels of capital. The company provides direct access to all leading Russian and foreign stock exchanges and offers investors products with full capital protection and personal advice from experienced managers, which increases the efficiency of investments. Forex market is a very dangerous place for both new and experienced traders. There are companies which are unregulated and which work outside of any law. These companies usually participate in some frauds and manipulations to obtain a large sum of money the easy way. After you deposit your funds, they would allow you the possibility to make more money and then disable you the option to withdraw any funds, or sometimes allow you to withdraw the initial sum you deposited.
Their support team provides dedicated assistance by financial and technological experts to solve any trading issue and problem. They represent vast number of products across Forex, Indices, Stocks and Commodities.
The broker facilitates trading operations with Russian securities conducted by Japanese and Chinese investors. We review all brokers to astrict and unique methodology, to ensure that we only promote high quality brands that you can trust.
Finam Account Types
But, on the 6th month, when I wanted to withdraw my $500 profit, but my trading account has somehting wrong. They kept saying that my document was not qualified to do the withdraw. This broker did not score well during our testing process and is not recommended by our experts. We strongly suggest finam choosing a broker that has gained a high score through excelling in all departments instead. To learn more about how we test and recommend brokers, read our methodology. As it was previously stated, the site is in Russian, but the Google Translate option for the whole site works out just well.
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FINAM is a trading member of the Moscow Exchange, St. Petersburg Stock Exchange, and a full member of the National Association of Stock Market Participants. Finam promised that they will provide great trading services but after opening an account and depositing money, I realized that their claims were not true at all. I started trading and the platform was too shaky to let me make a decent trade. «FINAM is the leader among brokerage companies by the number of opened individual investment accounts . The deduction may be granted, at the choice of the investor, either on income received from operations on the securities market , or on income from other sources. They were the very first broker to receive a license to operate as a forex broker from the Bank of Russia in 2016. Their parent company Finam Holding also operates several other businesses that offer a variety of financial services.
However, all these companies can be spotted through the regulation lists, customer reviews or inconsistencies Forex brokers in company´s data available on the web. Among these companies which require your full attention is Finam.
Finam Trading Platform
I’ve sent a report regarding that problem many times, but they are ignoring me. They are an irresponsible broker, and not professionals. FINAM is a member of NASDAQ, https://forexreviewdaily.com/finam/ the US electronic stock exchange. It has representative offices in the United States and the European Union as well as the largest countries of Southeast Asia.
