Information
Overview of Broker “FINAM” by Trade Forex
Introduction
Trade Forex presents an in-depth review of the broker FINAM, a prominent player in the Russian brokerage sector since its inception in 1994. As a pioneer in obtaining a Forex dealer license from the Central Bank of the Russian Federation on 15 December 2015, FINAM stands out for its dual access to both the Forex market and global stock exchanges.
FINAM’s Unique Service Offerings
- Forex and Stock Market Trading: Offers comprehensive trading options in Forex and stock markets.
- Single Account for International Trading: Streamlines trading across various global platforms using a single account.
- Automatic Trade (Avtosvedenie): Enables automatic trading by connecting to successful trader strategies.
- Trust Management and Educational Services: Provides professional asset management and trading education.
- Affiliate Program: Offers partnerships and incentives for affiliates.
Regulation and Licensing
- Just2Trade Online Ltd: FINAM’s European division operates via Just2Trade Online Ltd, registered in Cyprus.
- CySEC License: Just2Trade holds a license from the Cyprus Securities and Exchange Commission (CySEC), ensuring compliance with EU regulations.
- Investor Compensation Fund: Clients are protected under this fund, offering additional security.
Tax Benefits in Cyprus
Cyprus offers an attractive financial environment with low tax rates (12.5%), no double taxation, and tax exemptions on dividends and profits from shares, interest, and royalties.
Subsidiary: WhoTrades
- Global Presence: Operates in over 40 countries with more than 400,000 accounts.
- US-Based Regulations: Adheres to US legislative frameworks, offering favorable terms for share purchases.
- Licenses: Holds FINRA and NFA licenses in the USA, and a CySEC license in the EU.
- SIPC Membership: Provides insurance up to $500,000 for deposits.
Forex Account Types
- Standard Account: Minimum deposit of $100, leverage of 1:200, over 50 trading instruments, and negative balance protection.
- ECN Account: Ideal for algorithmic trading with a minimum deposit of $10,000 and access to 26 currency pairs.
Trading Platforms
- MetaTrader 4: Available across various devices and interfaces, including WebTerminal and MultiTerminal.
Account Funding and Withdrawal Methods
- Diverse Payment Processors: Includes bank transfers, credit cards, and various e-wallets like Skrill and Neteller.
- Withdrawal Systems: Efficient and varied withdrawal options, including bank transfers and e-wallets.
Additional Benefits for Clients
- Welcome Bonuses and Annual Returns: Offers $50 on first deposits and 12% annual returns on all trading accounts.
- Avia Bonus: Incentives for trading turnover in the form of airline ticket discounts.
Unified MMA Trading Account
- Direct Access to Global Exchanges: Offers trading on major international platforms like NYSE, NASDAQ, and LSE Int.
- Advantages of MMA: Includes low fees, leverage options, and fast order execution.
- Trading Platforms for MMA: Includes Transaq MMA, TradeX, MMA-Mobile, and MetaTrader 5.
Trading Platform ROX® Premium
- Tailored for US Stock Market: Direct access to major US stock and options exchanges with competitive commissions.
- Liquidity and Support: Ensures full liquidity and provides Russian-speaking technical support.
Trust Management Services
- Diverse Investment Options: Offers management of shares on North American and European stock exchanges.
- Consulting Services: Provides expert advice for independent trading on various exchanges.
- Pool-Based Trust Management: Focuses on mid-term investing with a minimum investment of $150,000.
Insights for Traders
While FINAM is an excellent choice for those interested in both the stock market and Forex trading, conventional Forex brokers may be more suitable for those solely focused on Forex due to lower starting thresholds and more favorable trading conditions.
Conclusion
Trade Forex encourages traders to share their experiences and feedback on working with FINAM, fostering a community of informed and savvy traders.
