Score

4.97 /10
Average

Finq

Seychelles

5-10 years

Regulated in Seychelles

Retail Forex License

Medium potential risk

Offshore Regulated

B

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Comparison

Quantity 2

Exposure

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Score

Regulatory Index2.49

Business Index7.21

Risk Management Index8.22

Software Index9.21

License Index2.78

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Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

Leadcapital Corp Ltd

Company Abbreviation

Finq

Platform registered country and region

Seychelles

Company website

Company summary

Pyramid scheme complaint

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WikiFX Risk Alerts 2
Previous Detection : 2024-11-09
  • The CyprusCYSEC regulation (license number: 227/14) claimed by this broker is suspected to be clone. Please be aware of the risk!
  • The Seychelles FSA regulation with license number: SD007 is an offshore regulation. Please be aware of the risk!

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Finq · Company summary

general information and regulation of Finq

Finqgroup is an online CFD and forex trading services broker founded in 2017. Finq .com is operated by dilna investments ltd which is the main payment provider and operator of the website. dilna investments ltd acts on behalf of its parent company, Leadcapital Corp Ltd is regulated as a securities dealer by the seychelles financial services authority under registration number sd007.

In the following article, we will analyze the characteristics of this merchant in all its dimensions, offering you easy and well-organized information. If you're interested, read on. Reading this article will take you approximately 5 minutes.

At the end of the article, we will also briefly extract the most significant advantages and disadvantages so that you can get an idea of ​​the broker's features at a glance.

información general

market instruments

Finqgroup offers traders over 2,000 popular tradable financial instruments, primarily currencies, stocks, commodities, bonds, cryptocurrencies and ETFs.

instrumentos

spreads and commissions to trade with Finq

Spreads vary across account types, and as a general rule, the unique account with the highest threshold has the lowest spreads.

Regarding the commission, all accounts have a commission between 0.08% and 0.2% for shares. Only the classic account and ECN account have a commission of $8 per lot for Forex and metals.

trading accounts available at Finq

Demo Account: Offers a demo account for you to try a little on the financial market without the risk of losing money. The virtual fund will be $10,000.

real account: Finq offers a total of 6 types of account: silver, gold, platinum, exclusive, classic and ecn. the minimum deposit to open an account is respectively $100, $10,000, $50,000, $100,000, $1,000 and $50,000. If you are still a beginner and did not want to invest too much money in forex trading, the silver or classic account will be the most suitable option for you. but we must also be aware that having too little capital not only reduces losses, but also returns. therefore, it may seem “unexciting” or unprofitable to you. Furthermore, accounts with smaller initial deposits tend to have less favorable trading conditions.

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Tipos de cuenta

trading platform that offers Finq

MT4 Even though a lot of time has passed since the launch of MT4 and the subsequent upgrade to MT5, MT4 is still a major player in the market and is loved by traders all over the world. Access from different devices also makes trading easier for users.

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Leverage monximo of Finq

on the website of Finq We did not find information regarding commercial leverage. There are forex brokers that offer leverage up to 1:500, but new users are advised to trade with caution with such large leverages.

Deposit and Withdrawal: methods and fees

traders can withdraw and deposit funds to their pool account Finq through visa, mastercard, maestro, skrill, neteller, fasapay, and many other methods. the minimum deposit is $100.

education in Finq

A number of educational resources are available at Finq . We have an economic calendar, news, frequently asked questions, and so on.

We cannot deny its importance, but the best teacher for you to know more about Forex trading is always the actual operations. It is impossible to progress by relying solely on tools.

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customer service of Finq

Here are more details about customer service

Languages: English, Spanish, Arabic, Chinese, Russian, Thai, etc.

Hours of Service: 24 hours a day from Sunday afternoon at 5 pm EST to Friday afternoon at 4 pm EST.

Address: Suite 3, Global Village Jivans Complex, Mont Fleuri Mahe, Seychelles

121 Prodromou Avenue, 1st Floor, Hadjikyriakion Bldg. 1, Strovolos, Nicosia, 2064, Cyprus

email: support@ Finq .with

Social networks: WhatsApp

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complaints against Finq that we have received in wikifx

We have not received any complaints for the moment.

pros and cons of Finq

Pros: Well regulated, MT4, educational resources, many traded products, demo account

Cons: Lack of information, few deposit and withdrawal methods, no MT5, no Islamic accounts, no copy trading.

frequently asked questions about Finq

Can I trade cryptocurrencies in Finq ?

Yeah, Finq offers some popular cryptocurrencies like bitcoin and ethereum.

Does this broker offer demo accounts?

of course. like most brokers, Finq offers demo accounts where you can try trading without risk.

User Reviews

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User comment

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Comments

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Hamza Najam
more than one year
Scam and fake broker, stole USD 7381 of my friend's money.
Scam and fake broker, stole USD 7381 of my friend's money.
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2023-08-27 20:37
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屹耳的女朋友
more than one year
Finq is definite an ideal broker for all you guys, narrow spreads, smooth trading platform and their customer service team is always available to help with any issues. Trust me, try it guys.
Finq is definite an ideal broker for all you guys, narrow spreads, smooth trading platform and their customer service team is always available to help with any issues. Trust me, try it guys.
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2023-02-27 11:19
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