Finam Forex does offer a Demo account for traders. With the demo account traders will have access to the same functions, features, and options that they would on a live trading account.
FINAM FOREX at a glance
| Broker's Name | FINAM FOREX |
| 📍 Headquartered | Moscow, Russian |
| 📅 Year Founded | 1994 |
| ⚖️ Regulating Authorities | The Central Bank of the Russian Federation |
| 🌐 Countries not accepted for trade | United States |
| ☪️ Islamic account (swap-free) | No |
| 👍 Demo Account | Yes |
| 📊 Institutional Accounts | No |
| 📊 Managed Accounts | No |
| 🚀 Sign up bonus | Yes |
| 📈 Maximum Leverage | 1: 40 |
| 💰 Minimum Deposit | $ 0 |
| 💳 Deposit Options | Wire transfer from a bank account Through the cash desk of the FINAM Bank Using a bank card |
| 💳 Withdrawal Options | Wire transfer from a bank account Through the cash desk of the FINAM Bank Using a bank card |
| 💻 Platform Types | MetaTrader4 QUIK TRANSAQ FinamTrade MetaTrader5 |
| 📱 OS Compatibility | Web browsers, desktop, Windows, Android, and iOS |
| 📈 Tradable assets offered | 27 Forex currency pairs Stocks Commodities Indices Oil Gold |
| 👨💼 Languages supported on Website | English and Russian |
| 👥 Customer Support Languages | English and Russian |
| 📆 Customer Service Hours | 24/7 |
| 👉 Open a account | 👉 Open Account |
Choose your quick section of our FINAM FOREX Demo account below.
FINAM FOREX Demo account– 5 key points quick overview:
How to set up a Demo Account – Step by Step- FINAM FOREX Demo Account Features
- FINAM FOREX Pros and Cons
- Conclusion
- Frequently Asked Questions
How to set up a Demo Account – Step by Step
Traders who want to register for and set up a demo account with FINAM FOREX can follow these steps:
Step 1 : Click on “open demo account”
Click on the “open demo account” option.
Step 2 : Fill out the form
Provide basic personal information requested.
A demo account is also seen as a practice account as it provides traders with the ability and freedom to explore the broker’s offering. It is done without running the risk of experiencing losses as the broker provides virtual money with which to practice trading.
Beginner traders mostly make use of demo accounts to familiarize themselves with a live trading environment. Through practicing with this account, they build up their trading skills by actively participating in trades and developing their own trading strategies.
Demo accounts are not only intended for beginners but can also provide the more advanced traders with the opportunity to explore what FINAM FOREX has to offer.
FINAM FOREX Demo Account Features
Like all demo accounts, the account offered by FINAM FOREX mimics a live trading account. With these accounts, traders have access to the same functions, features, and options that they would on a live trading account.
The main difference is that the demo account is risk-free since traders make use of virtual funds to conduct their trading. Therefore, traders cannot withdraw any profits which are made on the demo account.
FINAM FOREX funds the demo account with a balance of 500 000 RUB. Like many other demo accounts that expire after 30 days, it does not expire with FINAM FOREX.
Traders make use of the trading platforms offered by the broker, namely MetaTrader4, QUIK, TRANSAQ, the proprietary FinamTrade, or MetaTrader5. Through these platforms, traders will have access to the various functions, tools, features, and more, which is offered by these trading platforms.
FINAM FOREX Pros and Cons
| ✔️ Pros | ❌ Cons |
| Demo account sign-up fully digital | None |
| MetaTrader4 offered | |
| Sign-up completed in minutes | |
| The demo account does not expire |
Conclusion
Finam Forex does offer a Demo account for traders. With the demo account traders will have access to the same functions, features, and options that they would on a live trading account.
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Frequently Asked Questions
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.
For how long is the demo account valid?
It does not expire.
Which live trading accounts does FINAM FOREX offer?
FINAM FOREX only offers a standard live account.
What are the available deposit currencies for a live trading account?
RUB, EUR, and USD.
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