Again I'm talking about ratings...
Hi all!
This article is a logical continuation of the article about the best broker in Russia. And Finam became the best broker for me. And the main idea of the article is exactly how to start trading in Finam. By the way, if we don’t know each other yet, you can read about me and the successes of my students here.
Before reading the article, I suggest you look again at this rating, where we looked at which broker to choose for trading on the stock market and which broker has the lowest commissions, and understand that it is not always important who is in first or second place in this rating.
As you remember, we looked at a number of parameters and within the framework of my trading style, which implies no more than 20 (with a margin of 30) entries, the Finam broker was ideal in terms of tariffs. Most likely, many of you are trading in approximately the same monthly range.
Therefore, I decided to change the BCS broker to the Finam broker. And in this article we will analyze in detail how to open a brokerage account with Finam. Well, it would be logical to consider several tariffs. Although, if you accidentally came across this article and are not yet aware of the profession of a trader or the Moscow Exchange, then you need to delve a little into this topic. Then this material will be easy for you to master.
Well, before getting down to business, I want to draw your attention to the rating list (screenshot below) taken from the official website of the Moscow Exchange. Broker Finam is in fifth place by the number of active clients. When choosing a broker, as you already understood if you read the article about the best broker in Russia, this is not the very top indicator for choosing a broker.
Although it is worth recognizing that the Tinkoff broker has a greater number of active clients in May 2021, 223,096/30,011 = 7.4 times.
List-rating of top brokers who in May 2021 attracted and have the most active clients trading on exchanges
But again, in this top five, the first three positions are occupied by organizations in which brokerage activities have become a new direction of development. Initially, they are all banks. And in this ranking they occupy first, second, and third places.
BCS is in fourth place. Broker BCS, whose main activity is brokerage, attracts clients with very coordinated and super high-quality work with clients. I can’t say anything bad about BCS, although the tariffs need to be calculated. It’s no longer profitable for me to work with BCS. But with different trading styles, BCS may be ideal for some of you.
But still, an article about the Finam broker. Let's open an account with a broker together and look at the main tariffs.
History of the holding
The official date of birth of the holding can be considered 1994 , that’s when it was created. At that time, there were very few sources of information, so the “Investor's Portfolio”, which was published by the company, was almost the only “window” into the world of finance. The company's clients often invested in shares based on the "Investor's Portfolio".
Things were going well, over time the company finally got used to the role of a broker and received the appropriate licenses in the late 90s. And at the beginning of the 2000s, the current name of the holding appeared - Finam , it was obtained by adding the letter M to the word “Finance”, which stands for Moscow.
Compound
At the moment, the holding includes several companies:
- JSC "Finam" is precisely a broker operating in Russia
- Bank "Finam " This is the most ordinary bank, the list of services is like that of a standard bank
- investment
- Finam Management deals with issues of trust management. The reputation is excellent, the company manages not only the funds of ordinary people, but even pension funds
- " Finam.ru " (official website finam.ru) is an ordinary information and analytical company
- educational _ The company provides training not only on-site, but also remotely.
- investment fund FINAM GLOBAL . The scope of activity of this company is the purchase and development of assets. This is not an ordinary investment company: in addition to purchasing assets, it also manages promising businesses together with its owners
So brokerage activity is far from the only area of activity of the holding. Finam deals with literally everything related to finance, from providing brokerage services to managing client funds, developing promising business areas, and so on.
How many brokerage accounts can an individual open?
By the way, I was asked a question about how many brokerage accounts can be opened for an individual. Yes, such questions also have a place.
Well, for example, you are a client of Sberbank and have opened a brokerage account there. Then you didn’t like something while working with the broker, and it’s impossible to close your account online. I don't really want to go to the office. Moreover, it is quite easy to withdraw money from a Sberbank brokerage account and there have been no subscription fees for not using the account for several years now.
So, feel free to open at least 10 brokerage accounts. Although, of course, this would be too much. In Russia we have no restrictions on the number of open brokerage accounts. Open at least three hundred accounts.
But you should understand that this opportunity must be used for situations such as those I described above.
Important! You can open several brokerage accounts and then in practice choose through which broker it is better to trade on the stock exchange.
If you have a similar problem, then you can safely:
- Open an account with broker Finam or any other broker
- Transfer funds from Sberbank to Finam.
Individual investment fund
I decided to consider this item separately because of the extremely favorable investment conditions . If interest-bearing deposits in a bank are not attractive to you because of low returns, then I advise you to take a closer look at IIS , the conditions are not bad, the profit is higher than in a bank, so this is a good opportunity for investment.
And now briefly on the conditions:
- investments are justified for a period of 3 years (due to tax deductions)
- You can top up your account with an amount of no more than 400 thousand rubles per year
- The key thing that attracts you to an IIS is the opportunity to take advantage of a tax deduction , that is, you will not have to pay 13% tax. In combination with the most conservative operating strategy (which gives an average of 5% income per year), you get a total of at least 18% per annum.
Please note that you can withdraw money before the expiration of the 3-year period , but in this case you will not be able to take advantage of the tax deduction, so the main advantage of the IIS from the Finam broker is lost.
The example shows the most aggressive version of the strategy, which gives up to 50% per annum. In this case, in 3 years you can earn over 1.65 million rubles with a total investment of 1.2 million in 3 years. A significant part of the profit was obtained through tax deductions.
How to open a brokerage account for an individual with Finam
If you go to Finam’s website to open an account, you may get confused. There’s a lot of things: both enticements and useful content. Therefore, we go to the Finam broker’s website together and click on the button to open an account, or follow the link and immediately get to the page for filling out the application form
By the way, if you are afraid to work with real money, then you can trade for some time on a demo account. To open it, the button is located slightly to the right. And I have already discussed in one of my articles how to set up work on a demo account step by step.
Moreover, a demo account can be opened on various trading platforms, including the Metatrader4 trading platform for Forex trading. You can also trade American assets on the most common TRANSAQ. Feel, watch and trade in a realistic mode shares of world-famous American companies.
Broker Finam gives you the opportunity to trade either stocks or bonds on a demo account. Moreover, trading will be very realistic. I checked it personally. The data filling form is quite simple.
Important! I advise beginners to simultaneously open a real brokerage account and demo trading on the Quik trading platform.
Why?
Although a demo account is as close as possible to real trading, you should immediately get used to real trading. Moreover, the broker will not charge you any subscription fees for an empty account. You can just be an observer, but on a real brokerage account.
Well, we continue to register with the Finam broker. The only point that needs to be clarified is to choose the form of opening an account:
- Single account
- Individual Investment Account
- Trust management
- Forex with license
I recommend selecting the first tab “Single Account.” And check the box “Open an account online”.
An individual investment account is a separate big topic. We will not consider it within the scope of this article. But don’t rush to open the IIS, you can always connect it, but closing it will be more difficult.
What does online procedure mean?
You don't have to go to the office. All registration will take place through mutual correspondence with the broker. This procedure is quite safe. And in any case, it is implemented only upon provision from you of scans of your passport, registration, TIN.
The next step is to enter your phone number and e-mail.
We scan the passport and attach the screenshots to the response letter.
We indicate the TIN number and proceed to the next step.
We confirm via SMS that you are the one opening the brokerage account.
We are waiting for the system to generate a bundle of documents required to open a brokerage account.
We sign these documents via SMS. All!
The broker's employees will check everything, and the initially meager functionality of your personal account will be updated and become very expanded. But to do this, you must log out of your personal account and log in again using your password.
Important! The functionality of the account will not be expanded by simply updating the page.
As you can see, opening a brokerage account takes about 10 minutes along with scanning. I already had the scans ready (now is a time when scans of documents should always be at hand) and everything took five minutes.
Calculating bond yields and buying stocks
If you go to the “ Bonds ” section on the main page of the site, you can use the calculator to calculate the level of yield on any bond:
- select an issuer
- release
- settlement date
- the price at which these bonds can be purchased. The price will be slightly higher than the nominal price
- the minimum contribution is $10,000
- you can also set the multiplier up to 6
After that, click “ Calculate ” and get all the indicators of the planned investment .
Trading shares is easy for beginners with Finam. You can buy shares in several ways – through a trading terminal or directly from the company’s website. All you need to do is:
- select the desired company and number of shares. The commission will already be included in the final price
- next stage - entering personal data
- At the final stage, data verification , purchase confirmation and actual payment for the shares take place.
In addition, in emergency cases, you can leave a request to sell/purchase shares of any company by phone.
Like any reputable broker, Finam provides its clients with various investment opportunities.
When should I deposit money into a brokerage account or not at all?
Look, now you can put money into a brokerage account right away. But if you don’t trade, the broker will charge you a commission of 177 rubles per month. If you don’t deposit money, then you don’t have to pay anything. You can deposit money in a couple of months or even in a year, and only then the broker will charge a commission.
You can open a real brokerage account and a demo account at the same time. Do not deposit money into a real brokerage account, but trade virtual ones on a demo account. There you will have 100,000 rubles at your disposal.
Structural product
A structured product offers investments in a pre-composed portfolio of different instruments. At the same time, you can start working starting from 100 thousand rubles. There are several options for structured products:
- with 100% safety of the deposit , while the percentage is still higher than for a bank deposit
- with a fixed income - even before investing you will know exactly how much you will receive
- after all, there is also a VIP offer - in this case, the structured product will be compiled taking into account your wishes
Finam offers several interesting services. They can really help in trading.
