FINAM FOREX Account Types

FINAM FOREX only offers one types of live trading account. The leverage offered to qualified traders are 1: 40 and for unqualified traders 1: 35. Spreads are fixed and start from 0.6 pips on USD/EUR and the minimum lot size is 0.01.

 Choose your quick section of our FINAM FOREX Account types below.

FINAM FOREX Account types – 8 key points quick overview:

1. FINAM FOREX Overview
2. FINAM FOREX Account Types
3. FINAM FOREX Account Features
4. FINAM FOREX Demo Account
5. FINAM FOREX Islamic Account
6. FINAM FOREX Pros and Cons
7. Conclusion
8. Frequently Asked Questions

Here is our overview of the FINAM FOREX Account types as well as the pros and cons as well as features that are offered to traders.

FINAM FOREX Overview

FINAM FOREX is one of the largest forex brokers in Russia and a leader in the Russian financial services market. It has been in operation since 1994 and has headquarters in Moscow. FINAM FOREX has offices in over a hundred cities in Russia and is a member of NAUFOR (National Association of Stock Market Participants). It also sits on the board of directors of NP RTS.

The broker is the largest Russian broker and ranks first in terms of the number of active customers, turnover on the Moscow Exchange and other indicators. In English, the broker is known as Limited Liability Company FINAM FOREX (LLC FINAM FOREX) and forms part of the FINAM group of companies.

The broker is regulated by Russian legislation and services are provided through a license from the Central Bank of the Russian Federation. It adheres to high standards of activity in the international foreign exchange market.

FINAM FOREX offers trading conditions on the international currency market and clients have access to a wide range of currency pairs and other trading instruments, attractive rates for trading, low spreads, and a variety of trading programs. Traders can only trade through one live standard trading account and the option of a demo account is also available.

Since FINAM FOREX started operating it has received numerous awards. The latest was “Best analytical coverage of foreign shares” according to the Moscow Exchange in 2025. In 2025 it received eight awards. Clients from the United States are not accepted by FINAM FOREX.

FINAM FOREX Account Types

With FINAM FOREX clients have the choice of registering for only one live account type. In addition, the broker also offers a demo account. Although it offers only one live account, the trading conditions are competitive with comprehensive solutions and services with FINAM FOREX.

FINAM FOREX Account Features

Live Account

FINAM FOREX Demo Account

The option to open a demo account is offered by FINAM FOREX. This kind of account can be utilized in many ways.

It is seen as a practice account for beginner traders who wish to improve their trading skills and experience in a risk-free environment using virtual funds. With FINAM FOREX the demo account is funded with 500 000 RUB.

The demo account can also be utilized by the more advanced trader who are evaluating and comparing brokers and would like to explore FINAM FOREX’ trading conditions in a risk-free environment. Traders can also test their trading strategies in a mimicked live trading environment without risking their capital by registering for a demo account.

To sign up for a demo account with FINAM FOREX is fully digitalized and hassle-free. It is a free account to open and can be used for an unlimited period. Traders can navigate to the broker’s website and click on the banner to open a demo account. They need to fill out a questionnaire, providing their full name, telephone number and email address.

Traders will receive a letter via email with their login and password, as well as a link to install the program. The demo account mimics the live trading account and has the same features. No profits can be made on the demo account as it would on a live trading account.

As soon as the trader is registered for a demo account, demo trading can commence. The last step is to download and install the trading platform of choice, namely MetaTrader4, QUIK, TRANSAQ, FinamTrade (in-house trading platform), or MetaTrader5.

FINAM FOREX Islamic Account

An Islamic Account caters specifically for Muslim traders who follow the Sharia law. The Sharia law prevents its followers from paying any type of interest, such as overnight fees. It is seen as being wasteful or exploitive.

Overnight fees are usually charged should traders hold positions open for longer after the trading day has concluded. This type of account allows exemption from such fees, should they hold positions open for longer. FINAM FOREX does not offer an Islamic Account to Muslim traders who follow the Sharia law.

FINAM FOREX Pros and Cons

Conclusion

FINAM FOREX only offers one types of live trading account. The leverage offered to qualified traders are 1: 40 and for unqualified traders 1: 35. Spreads are fixed and start from 0.6 pips on USD/EUR and the minimum lot size is 0.01.

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Frequently Asked Questions

TRADING ENVIRONMENT

How many instruments can I trade with FINAM FOREX?

You can trade the following financial instruments:

• 27 Forex currency pairs
• Stocks
• Commodities
• Indices
• Oil
• Gold

Which platforms are supported by FINAM FOREX?

MetaTrader4 QUIK, TRANSAQ, FinamTrade and MetaTrader5.

Does FINAM FOREX offer leverage?

Yes. FINAM FOREX offers a leverage of up to 1: 40.

What spreads can I expect with FINAM FOREX?

You can expect fixed spreads that start from 0.6 pips.

Does FINAM FOREX charge commission?

No. FINAM FOREX does not charge any commission if you replenish your account in cash at the FINAM cash desk or transfer money from a FINAM Bankcard and if you withdraw in RUB.

If you withdraw USD, or any other currency from the FINAM bank account, the commission will be 0.07%.

Are there additional charges on the Islamic account?

This does not apply since FINAM FOREX does not offer the option to clients of the Muslim faith to open an Islamic or Swap-free account.

Is FINAM FOREX regulated?

Yes. FINAM FOREX is regulated by the Central Bank of the Russian Federation.

Is FINAM FOREX a recommended forex trading broker for experts and beginners?

Yes. FINAM FOREX offers a trading environment for both beginners and expert traders.

What is the overall rating out of 10 for FINAM FOREX?

6/10.

ACCOUNTS

What is the difference between a demo and a live trading account?

A demo account offers the use of virtual funds instead of actual capital. This allows for risk-free trading as well as exploring both the broker’s offer and the trading platform.

A demo account can be used for a variety of reasons including practice trading, testing trading strategies, exploring platforms and offers, and more.

Does FINAM FOREX offer a demo account?

Yes. The broker does offer a demo account that has the same features as the live account.

For how long is the demo account valid?

The demo account offered by FINAM FOREX does not expire.

Does FINAM FOREX offer the option of an Islamic Account?

No. FINAM FOREX does not offer the option of an Islamic Account for traders of the Muslim faith.

Which live trading accounts does FINAM FOREX offer?

FINAM FOREX offers only one standard live trading account.

What are the available deposit currencies for a live trading account?

RUB, EUR, and USD.

DEPOSITS AND WITHDRAWALS

What is the minimum deposit for FINAM FOREX?

$ 0.

How do I make a deposit and withdrawal with FINAM FOREX?

The following payment methods can be used for deposits and withdrawals:

• Wire transfer from a bank account
• Through the cash desk of the FINAM Bank
• Using a bank card

Does FINAM FOREX charge withdrawal fees?

No. FINAM FOREX does not charge any withdrawal fees. Traders may be subjected to transaction fees that are charged by their bank.

How long does it take to make a withdrawal?

This will depend on the payment method used. Withdrawals through FINAM FOREX is usually executed within two business days from the date of submission of the order.