Finam Forex
Total reviews 3
No complaints yet
2.1

Finam Forex Demo Account


Opening a demo account with Finam Forex takes no more than 2 minutes. To open a demo account, you need to fill out a small form on the website forex.finam.ruThe following information is required: your last name, first name, middle name, email address, and cell phone number. After filling in the data, agree to the data processing, and click “Open an account”. After that, you will receive an email with access to the trading platform.

To start trading with forex broker You will need to download and install the MetaTrader 4 trading terminal. Downloading is carried out by the links offered in the received letter. There you will find links to download the trading terminal to your phone (iOS, Android) and desktop version (Windows). After downloading, install the terminal. When installing, specify the FINAM-Demo server and enter the login and password received in the letter.

After successful installation you will see 500,000 rubles on your balance. This money can only be used for transactions on demo account. They cannot be withdrawn or transferred to a real balance. The demo version is available for 14 days. After this period, the demo account must be registered again.

Demo account details

Finam offers traders to open a demo account on the stock market or the Forex market. They are registered separately. Details:

  • Balance – 500,000 rubles for Forex, 400,000 rubles for the stock market. The balance is accrued automatically without the right of replenishment.
  • Period of validity – 14 days with the possibility of re-registration.
  • The opening time is no more than two minutes.
  • The necessary data – full name, phone number, e-mail address.
  • Platforms – Android, iOS, Windows. Links for downloading the terminal are available in the letter from the broker.
  • Terminal – for forex MetaTrader 4, for the stock market FinamTrade and TRANSAQ.

Available tools

When you open a Finam demo account, the list of available instruments depends on the type of account:

  • To trade in the stock market. By opening this account, the trader can trade on the Moscow Exchange, the American stock exchanges NYSE and NASDAQ, the British LSE and other world platforms.
  • For forex trading. When opening a demo, traders have access to trading in the global Forex market with all assets and instruments.

When working with the demo terminal, the trader does not incur any losses. The terminal is used for training purposes as well as for developing and testing trading strategies. Finam does not limit the number of registrations. Therefore, when the account expires, it can be registered again.

From demo to trading account

Switching from a demo account to a trading account in Finam is impossible. If you want to open a trading account, you need to complete an additional registration with identity verification. When opening a trading account you will need to present a document proving your identity. At forex.finam.ru registration is available only for the residents of the Russian Federation. If you need to register from another country, search for the Finam service for your country of residence.

On the whole, reviews of Finam’s demo are positive. Traders note the full compliance of the account with the trading account and the opportunity to try out all available tools without the risk of losing money. But some users say that strategies developed on the demo do not always work in the trading account. Therefore, traders are advised to test new strategies with minimal investments. Otherwise, the feedback about the broker is positive. Clients note the transparency of work, fast withdrawal of funds and the absence of commissions when withdrawing rubles to the bank account.

5.00 / 1
Leave a review

Reviews

Site Map