FINAM Forex Review
FINAM is the leader of the Russian market of brokerage services. The company holds leading positions in the list of brokers in Russia in terms of turnover, the number of active and registered clients on the Moscow Exchange, and is the leader in the futures and options market in terms of the number of active clients. Representatives of the company work almost in 100 cities of Russia. 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 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.
FINAM offers its clients the innovative «Single Account» service, which allows investors to trade on all markets of the Moscow Exchange, as well as the American NYSE and NASDAQ from one account. One Account has significant advantages in comparison with a standard brokerage account — it is a unified risk management and cross-collateralization, when securities and currencies on any of the markets can be used as collateral for trade on other markets. By signing an agreement with «FINAM», the leading Russian broker, the client receives favorable tariff plans, low commissions and access to high-tech trading applications. For the convenience of clients, «FINAM» provides the ability to open an account remotely — you only need a passport and phone!
FINAM offers a wide range of free services on the stock market. One of the most popular products is the «Autotracking» service on the Comon.ru website, which allows you to track the strategies and specific transactions of the best portfolio managers and repeat them automatically on your account.
«FINAM is the leader among brokerage companies by the number of opened individual investment accounts (IIAs). This form of investment allows Russians to significantly increase the efficiency of their investments in Russian securities, thanks to the privilege — the right to receive an annual tax deduction of 13% of the invested amount, provided that the funds are invested for a period of three years or more. The deduction may be granted, at the choice of the investor, either on income received from operations on the securities market (tax exemption), or on income from other sources.
In this case, opening an IIM in «FINAM» investors get an additional bonus — the cash balance on the account will bring income equal to half the key rate of the Central Bank.In addition, FINAM provides its clients with daily stock exchange analysis, investment ideas, research on various companies (both «blue chips» and «second-tier» issuers) and recommendations on the formation of investment portfolios.
JSC «FINAM» is a multiple winner of Russian awards in the financial sector. In 2017-18, FINAM was twice awarded the «Financial Elite of Russia» award, both times the company was recognized as the best in the «Grand Prix: Investment Company of the Year» category. Previously, FINAM had won this award several times in various categories. In addition, FINAM Investment Company more than once won in various nominations of the national awards «Financial Olympus», «Stock Market Elite», «Time for Innovation» and other prestigious business awards. In addition, the company was recognized by Financial One magazine as the Best Broker of 2016, and FINAM’s automatic transaction repetition service «Auto Investigation» was recognized as the best project in the «Innovation of the Year» category within the «Basis for Growth 2015» award.
Pros / Cons
- 10,000+ tradable assets
- Global Market Leader
- Tight Spreads
- Traders from certain jurisdictions are not accepted
- Live chat feature is not available
- Market Maker Broker