FINAM FOREX’s spreads start from 0.6 pips on the regular EUR/USD currency pair. FINAM FOREX does not offer spread betting and thus spread betting fees do not apply. FINAM FOREX does not charge deposit fees or withdrawal fees.
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 Fees and spreads below.
FINAM FOREX Fees and spreads – 6 key points quick overview:
FINAM FOREX Fees and Spreads- FINAM FOREX Additional Trading Fees
- FINAM FOREX Broker Fees
- FINAM FOREX Pros and cons
- Conclusion
- Frequently Asked Questions
Here is our overview of the FINAM FOREX Fees and spreads as well as the pros and cons as well as features that are offered to traders.
FINAM FOREX Fees and Spreads
FINAM FOREX’s spreads start from 0.6 pips on the regular EUR/USD currency pair. Traders will find that FINAM FOREX offers competitive trading with fixed spreads that typically start from 0.6 pips EUR/USD. This will depend on the trading platform used, the type of financial instrument that is being traded and the market conditions.
The spread list and fee schedule which is offered by FINAM FOREX is quite transparent as well as competitive. Traders need to navigate carefully on the broker’s website to get all the information needed.
Traders should also keep in mind that price spreads vary throughout the day depending on factors such as available liquidity, market forces, volatility, and the trading session.
FINAM FOREX does not charge any commissions for trade executions. This only applies 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 in any other currency from the FINAM bank account, a 0.07% commission will be charged.
FINAM FOREX Additional Trading Fees
Trading financial instruments such as forex, usually result in overnight fees, or swap fees being charged. This happens when positions are held for longer than a trading day.
FINAM FOREX does not indicate on its website if short positions or long positions that are held overnight will be charged with swaps. It is recommended that if traders want more information on the swaps that traders can expect, they should contact customer services. FINAM FOREX does not offer spread betting and thus spread betting fees do not apply.
FINAM FOREX Broker Fees
FINAM FOREX does not charge deposit fees or withdrawal fees. This does not mean that the financial institution used by the trader does not charge its own additional fees. Traders should verify what those charges are.
Traders may also be subjected to currency conversion fees should they transfer fees in a currency that is different from their account. The base currency accepted by FINAM FOREX is RUB, EUR, and USD. Navigating the FINAM FOREX website it is not clear if the broker charges fees such as inactivity fees, account maintenance fees, or any other fees.
FINAM FOREX Pros and cons
| ✔️ Pros | ❌ Cons |
| No commissions charged | Islamic Account for Muslim traders not offered |
| No deposit fees or withdrawal fees charged | Limited base currencies |
| Offers competitive trading conditions | Spreads are not the tightest |
| Offers fixed spreads |
Conclusion
FINAM FOREX’s spreads start from 0.6 pips on the regular EUR/USD currency pair. FINAM FOREX does not offer spread betting and thus spread betting fees do not apply. FINAM FOREX does not charge deposit fees or withdrawal fees.
You might also like: FINAM FOREX Review
You might also like: FINAM FOREX Account Types Overview
You might also like: FINAM FOREX Demo Account – Step by Step
You might also like: FINAM FOREX Minimum deposit
You might also like: FINAM FOREX Sign up Bonus
Frequently Asked Questions
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
- MetaTrader5
- QUIK
- TRANSAQ
- FinamTrade
Does FINAM FOREX offer leverage?
Yes. Leverage of up to 1: 40.
What spreads can I expect with FINAM FOREX?
You can expect fixed spreads which start from 0.6 pips on EUR/USD.
Does FINAM FOREX charge commission?
No. FINAM FOREX offers commission-free trading.
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 caters for both beginners and expert traders.
What is the overall rating out of 10 for FINAM FOREX?
6/10.
Top 4 Brokers
