Finq Review 2024

What is Finq?

Finq is a forex and CFD broker that was launched in 2017. It targets mainly Asian investors. and offers a balanced asset selection from the MT4 trading platform plus a web-based alternative. Finq promises assistance to traders from its multi-lingual support team. Finq’s product offering is quite impressive, including over 2,100 assets. These assets span across seven sectors. and include currency pairs, commodities, indices, ETFs, bonds, stocks, and more than 10 cryptocurrencies. Finq offers four standard and two premium account types. The minimum deposit is $100. , and spreads are floating, starting from 0.14 pips. The maximum leverage is 1:300. There are two trading platforms available to traders: MetaTrader 4 (MT4) and WebTrader. However, it’s important to note that Finq has been reported to have higher-than-average risk. There have been reports of cold calls by customer service representatives posing as professional analysts, giving trading recommendations in high-spread assets intended to accumulate trading losses and broker profits. Finq does not accept EU-based traders, despite no limitations to offer services across the EU. The account structure deprives beginner traders of services that can help them and offers them to traders who do not require them. The trading costs across all six account types have been reported as unacceptable. In conclusion, while Finq offers a wide range of assets and trading platforms, potential traders should be aware of the reported risks and trading.

What is the Review Rating of Finq?

What are the Pros of Finq?

Finq, a CFD trading platform, has several advantages that make it a strong competitor in the financial market. Here are some of the key benefits:. Wide Range of Assets: Finq offers more than 2,100 CFD assets across various categories including bonds, indices, Forex, ETFs, commodities, and stocks. This extensive selection provides traders with numerous opportunities to diversify their portfolio. Zero Commission Model: Finq operates on a zero commission model, which means traders can potentially increase their net earnings. Customer Support: Finq provides customer support 24 hours a day, five days a week. This ensures that traders can get assistance whenever they need it. Educational Tools: Finq provides a wealth of research and educational tools. These resources can be particularly beneficial for new traders who are still learning the ropes. Welcome Bonuses: New traders can receive up to $4,000 in welcome bonuses. , providing a financial boost right from the start. Traders’ Trend: This feature helps investors understand market sentiment. , which can be a valuable tool in making informed trading decisions. Account Types: Finq offers four account types: silver, gold, platinum, and exclusive. Each account type comes with its own set of features and benefits, allowing traders to choose the one that best suits their needs. Trading Platforms: Finq provides two trading platforms, MetaTrader 4 (MT4) and WebTrader. These platforms are customizable and user-friendly, catering to both novice and experienced traders. Competitive Spreads: Finq offers competitive spreads, which can help to reduce trading costs. High Leverage: With leverage up to 1:300. , traders have the potential to amplify their profits. Please note that while Finq has many advantages, CFD trading is risky and not suitable for everyone. Always do your own research and consider your financial situation before engaging in trading activities.

What are the Cons of Finq?

Finq, a forex trading platform, has several drawbacks that potential users should be aware of. Here are some of the key cons:. 1. Expensive Trading Costs Across All Account Types Finq’s trading costs are higher than average across all six account types. This can significantly impact a trader’s profitability. 2. High Deposit Requirement for Trading Central Access Access to Trading Central, a leading investment research provider, requires a deposit of $10,000. This high entry barrier may deter beginner traders. 3. Reports of Cold Calls There have been reports of Finq making cold calls to pressure beginner traders into trades. This aggressive marketing strategy can lead to poor investment decisions. 4. Unfavorable Trading Conditions Finq has been criticized for its unfavorable trading conditions, limitations, and restrictions. For example, cryptocurrency CFDs are subject to a seven-day expiration clause, which may not reflect market conditions or best practices. 5. Mismarketing of Product and Services Portfolio Finq has been accused of mismarketing its product and services portfolio, particularly towards beginner traders who lack the knowledge to differentiate between a competitive trading environment and one that favors broker profitability. 6. Lack of Research and Education Finq does not provide research or education resources. This lack of support can hinder a trader’s ability to make informed decisions. 7. Limited Clientele Finq does not accept traders from certain countries, including Germany, France, Australia, Japan, Israel, New Zealand, and others. This limits the platform’s accessibility. 8. High Risk Finq is considered a broker with higher-than-average risk. This may not be suitable for all traders, particularly those with a low risk tolerance. 9. No Options for Additional Income Apart from the referral program, Finq does not offer any options for additional income. This lack of diversification can limit a trader’s earning potential. 10. Negative User Reviews Some users have reported negative experiences with Finq, including pressure to make large deposits and recommendations to make trades that resulted in losses. In conclusion, while Finq offers a wide range of assets and trading options, potential users should be aware of these cons before deciding to use this platform. It’s always important to do thorough research and consider multiple platforms before making a decision.

What are the Finq Current Promos?

Finq is currently offering several promotions that are designed to attract new traders and provide additional benefits to existing clients. Here are the details:. Welcome Bonus: Finq offers a welcome bonus of $50 for each client who opens an account with the company and undergoes verification. This bonus is immediately available for trading and does not depend on deposits. The client can withdraw only the profit produced from the bonus and deposit. For example, if a client deposits $100 and gets a $50 bonus, they make $12.5 profit, and can withdraw $112.5. Upon withdrawal, the bonus is removed. The Bonus expires after one month. No Deposit Bonus: Finq is offering a USD 50 No Deposit Bonus. This allows traders to begin trading with free funds to test their techniques in a real-world trading environment. This provides the thrill of trading without the danger or cost. Free Demo Account: Finq provides a free $10,000 demo account. This allows traders to practice their trading strategies without risking real money. Trading Tools: Finq offers free analysis tools. and a platform that includes features like Traders Trends. These tools can help traders make informed decisions about whether to buy or sell. Low Minimum Deposit: Finq has a low minimum deposit of $100. , making it accessible for traders with varying levels of capital. Wide Range of Assets: Finq offers over 2,100 assets to trade, including Forex, Stocks, Commodities, Bonds & ETFs. Leveraged Trading: Finq offers leveraged trading with narrow spreads. Please note that these promotions are subject to terms and conditions as set out by Finq. The bonus amounts may not be withdrawn by the client, unless the client complies with the applicable trading requirements.

What are the Finq Highlights?

Finq.com is a Contract for Difference (CFD) trading platform that has made a name for itself by offering a wide range of assets within the CFD category. Here are some highlights:. Wide Range of Assets: Finq.com offers more than 2,100 CFD assets with which to trade, including bonds, indices, Forex, ETFs, commodities, and stocks. Zero Commission: Finq.com operates on a zero commission model, making it an attractive option for traders. Customer Support: The platform provides customer support twenty-four hours a day, five days a week. Educational Tools: Finq.com offers a lot of research and educational tools, making it a suitable platform for both new and professional traders. Welcome Bonuses: In addition to zero commission, you can also get up to $4,000 in welcome bonuses. Account Types: There are four Finq account types: silver, gold, platinum, and exclusive. The higher-level your account, the better your spreads. Trading Platforms: Finq.com uses the MetaTrader4 platform by MetaQuotes Software Corp. Please note that CFD trading is risky and not recommended for inexperienced traders. Always do your own research and consider your financial situation before engaging in any trading activities.

Is Finq Legit and Trustworthy?

Finq is a Forex trading platform that has received mixed reviews from users and experts alike. Positive Aspects Some users have reported a positive experience with Finq. They praised the wide list of instruments available for trading and the smooth process of depositing and withdrawing funds. The platform also supports MetaTrader 4, a popular trading platform in the Forex community. Finq.com has a high trust score of 70 out of 100 according to one review. Negative Aspects However, many users have reported negative experiences with Finq. Complaints range from inappropriate trade advice, hidden fees, and unreliable customer service. Some users felt that the platform was working against them, providing false advice and creating stressful scenarios. There were also complaints about the platform’s financial advisors encouraging trades that benefit the platform rather than the investor. Regulation Finq is regulated by the Financial Services Authority (FSA), but it’s important to note that the FSA is considered one of the weaker regulatory authorities when it comes to investor protection. Some sources even label Finq as an unregulated broker, warning that such platforms are not reliable and can disappear without notice. Conclusion In conclusion, while Finq does have some positive aspects, the numerous negative user experiences and concerns about its regulatory status suggest that potential investors should proceed with caution. It’s always recommended to thoroughly research any trading platform before investing and to consider platforms regulated by highly respected authorities for better investor protection. Please note that this information is based on available online reviews and may not fully represent the current state of the Finq platform. Always do your own research before making any investment decisions.

Is Finq Regulated and who are the Regulators?

Finq is indeed a regulated entity. The primary regulator for Finq is the Financial Services Authority (FSA) of the Seychelles. This regulatory body oversees the operations of Finq to ensure compliance with financial standards and practices. Finq was established in 2017. and is operated by Dilna Investments Ltd. , which acts on behalf of its mother company, Leadcapital Corp Ltd. Leadcapital Corp Ltd is also authorised and regulated as a securities dealer by the FSA of the Seychelles. Trading with a regulated broker like Finq can limit the potential for fraud and malpractice. It’s always recommended for traders to verify the regulation status of a broker with the regulator by checking the provided license with their database. Finq offers a balanced asset selection across seven sectors from the MT4 trading platform plus a web-based alternative. However, it’s important for traders to be aware of certain conditions. For instance, cryptocurrency CFDs are subject to a seven-day expiration clause, at which point Finq will automatically close positions at market prices. Despite its regulation, Finq has been reported to have expensive trading costs across all six account types. There have also been reports of cold calls to pressure beginner traders into trades. In conclusion, while Finq is a regulated broker, potential traders should carefully consider the trading conditions and practices of the broker before deciding to engage in trading activities. It’s always advisable to conduct thorough research and consider multiple sources of information before making a decision.

Did Finq win any Awards?

Finq, a prominent player in the Forex market, has implemented a unique approach to recognize and reward its clients. While it may not have won traditional awards, it has established a system of benefits that can be seen as a form of recognition for its clients. Finq offers a Forex/CFDs Bonuses Policy. , where it grants benefits to its clients by depositing bonus amounts in their trading accounts. These bonuses are subject to certain terms and conditions, and they may not be withdrawn by the client unless they comply with the applicable trading requirements. To qualify for any of the company’s bonus promotions, the client must be a new client of Lead Capital Corp Limited (“LCC”), the account should be approved by the LCC, and the client must have accepted the bonus and all the Bonuses Terms and Conditions. One of the notable benefits offered by Finq is the Welcome Bonus. A welcome bonus of $50 is available for each client who opens an account with the company and undergoes verification and becomes fully compliant. The bonus is immediately available for trading and does not depend on deposits. The client can withdraw only the profit produced from the bonus and deposit. While these benefits may not be traditional awards, they represent a form of recognition and incentive for Finq’s clients, contributing to the company’s reputation in the Forex market. It’s important to note that these benefits are subject to change and clients should always refer to the most recent terms and conditions on Finq’s website.

How do I get in Contact with Finq?

Finq is a prominent player in the online trading and forex market, offering a wide range of services to its clients. Here’s how you can get in touch with them:. Contact Information:. Email: You can reach out to Finq via email at support@finq.com. Phone: Finq provides phone support, but the specific numbers are not listed in the search results. WhatsApp: Finq also offers support via WhatsApp. Chat: You can use the chat function on their website to get in touch with their support team. Office Locations:. Seychelles: Leadcapital Corp Ltd, Suite 3, Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles. Cyprus: Lead Capital Services Ltd, 121 Prodromou Avenue, 1st Floor, Hadjikyriakion Bldg. 1, Strovolos, Nicosia, 2064, Cyprus. Working Hours:. Finq’s support is available 24 hours a day from Sunday evening at 5 pm EST through Friday afternoon at 4 pm EST. Additional Information:. Finq provides trading in CFDs by offering reliable platforms for web and mobile with over 2100 assets – stocks, commodities, forex, ETFs, indices, bonds. They promise some of the lowest spreads in the market, while offering leverage up to 1:300. They also provide all the information necessary to understand the financial instruments and the risks involved. Please note that trading in foreign currency contracts, contracts for difference or other off-exchange products carries a high level of risk and may not be suitable for everyone. Always seek independent financial advice before trading.

Where are the Headquarters from Finq based?

Finq, a notable player in the forex trading industry, operates from multiple locations. Its presence is established in both the Seychelles and Israel. Seychelles Headquarters Finq’s headquarters in Seychelles is located at Suite 3, Global Village, Jivan’s Complex, Mont Fleuri, Mahe. The Seychelles, an archipelago in the Indian Ocean, is known for its robust financial services sector, including forex trading. The strategic location provides Finq with access to global markets and a favorable business environment. Israel Office In addition to its Seychelles headquarters, Finq also has a significant presence in Israel. Specifically, it is based at Ahad Ha’am 21, Tel Aviv, 6515103, Israel. Tel Aviv is recognized as a vibrant hub for fintech, including forex trading, and houses many innovative companies in the financial sector. Finq provides a digital platform that connects users to their financial needs and products. It develops an artificial intelligence-based digital platform for buying and selling securities. This AI-powered platform offers users personalized information for financial decision-making, investment recommendations, and an option to open an investment portfolio specifically tailored to individual needs. Please note that forex trading involves a high level of risk and may not be suitable for everyone. Before trading, you are strongly advised to read and ensure that you understand the relevant risk disclosures.

What kind of Customer Support is offered by Finq?

Finq, a prominent player in the forex trading industry, offers a comprehensive customer support system. Their support is designed to cater to the needs of their diverse clientele, ensuring smooth and efficient trading experiences. Availability: Finq’s customer service is available 24 hours a day from Sunday evening at 5 pm EST through Friday afternoon at 4 pm EST. This round-the-clock availability ensures that traders can get assistance whenever they need it, regardless of their time zone. Contact Methods: Finq provides multiple avenues for customers to reach out to their support team. Customers can contact the team or their account manager through email, telephone, or live chat. Additionally, Finq is also available on WhatsApp, providing an easy and convenient way for clients to get in touch. Support Team: Finq’s support and dealing desk teams are highly trained experts in the field. They receive constant training to stay updated with the latest trends and changes in the forex market. This ensures that they are ready to answer all queries and provide accurate and timely information to traders. Additional Services: Apart from addressing queries and providing assistance, Finq also offers a range of additional services. They provide all the necessary information to understand the 2100+ financial instruments and the risks involved. They have put platform tools in place such as Stop Loss/Take Profit/Entry Stop/Entry Limit to mitigate some of these risks. In conclusion, Finq’s customer support system is robust and well-equipped to assist traders in navigating the complex world of forex trading. Their commitment to customer service, coupled with their extensive resources and knowledgeable team, makes them a reliable choice for forex traders.

Which Educational and Learning Materials are offered by Finq?

Finq, a non-profit organization, offers a comprehensive range of educational and learning materials aimed at improving financial literacy and culture. Their offerings are designed to cater to a wide audience, from school students to adults, and are particularly beneficial for those interested in the world of finance, including forex trading. The core of Finq’s educational offerings is the FinQ programme, an innovative education programme for financial literacy. This programme is designed to work as a whole-school programme and is authorized by the Ministry of Education, Science, Research, and Sport. It aims to develop systematic and critical thinking and enables students to apply the abstract concepts of the curriculum to real-life contexts. One of the key features of the FinQ programme is that it offers equal opportunities for success to all pupils without exception and supports inclusion. This makes it an excellent resource for individuals of all backgrounds who are interested in learning about finance and forex trading. Finq also provides a comprehensive methodology for professional skills development and a complete set of method guides and worksheets for teachers and pupils in various subjects. These resources are designed to improve the professional competences of teachers and support the critical, logical, systematic, and creative thinking of pupils. In addition to these resources, Finq offers the My FinQ+ Portfolio for pupils. This portfolio allows students to track their progress and achievements, making it a valuable tool for those who are serious about their financial education. Overall, Finq’s educational and learning materials provide a solid foundation for anyone interested in improving their financial literacy and understanding of financial markets, including forex trading.

Can anyone join Finq?

Finq, a platform for trading Stocks, Commodities, and Forex. , has certain eligibility criteria for individuals who wish to join. Eligibility Criteria To qualify for any of the Company’s bonus promotions, the client must. Be a new client of Lead Capital Corp Limited (“LCC”). Have their account approved by the LCC. Accept the bonus and all the Bonuses Terms and Conditions. Bonus Policy The company may elect to grant a benefit to Clients by depositing bonus amounts in the Client’s trading account, subject to certain terms and conditions. Such bonus amounts may not be withdrawn by the Client, unless the Client complies with the applicable trading requirements. Welcome Bonus A welcome bonus of $50 is available for each client who opens an account with the Company and undergoes verification and becomes fully compliant. The Bonus is immediately available for trading and does not depend on deposits. The client can withdraw only the profit produced from the bonus and deposit. The Bonus expires after one month. Restrictions Clients residing in Restricted Jurisdictions mentioned in the Retail Client Agreement and also in any of the following jurisdictions are not eligible for the welcome bonus. : Algeria, Anguilla, Azerbaijan, Bahamas, Bangladesh, Bermuda, Bhutan, Bolivia, British Indian Ocean Territory, Brunei Darussalam, Burundi, Canada, Cambodia, Cameroon, Central African Republic, Chad, Colombia, Comoros, Djibouti, Dominica, Dominican Republic, Egypt, Equatorial Guinea, Ethiopia, Faroe Island, Gabon, Gambia, Grenada, Guinea, Guinea Bissau, India, Indonesia, Jersey, Kenya, Korea North, Korea South, Kyrgyzstan, Lao people Democratic Republic, Lebanon, Lesotho, Liberia, Libya, Macao, Madagascar, Malawi, Marshal Islands, Mayotte, Mongolia, Morocco, Mozambique, Namibia, Niger, Nigeria, Pakistan, Philippines, Russian Federation, Rwanda, Saint Kitts and Nevis, Saint Lucia, Samoa, Sao Tome and Principe, Seychelles, Sierra Leone, Somalia, South Africa, South Sudan, Sudan, Suriname, Tajikistan, United Republic of Tanzania, Togo, Trinidad and Tobago, Tunisia, Turkey, Turkmenistan, Ukraine, United States, Uzbekistan, Vietnam, Zambia, Zimbabwe. Please note that this information is based on the data available as of 2023 and may be subject to change. It is always recommended to check the latest information on the official Finq website.

Who should sign up with Finq?

Finq.com is a multi-asset offshore broker that provides CFD trading on 2100+ instruments with fast execution and high leverage. It is registered with Seychelles FSA and was established in 2017. The broker supports MetaTrader 4 and a bespoke WebTrader. Who should sign up with Finq?. High Volume or Intermediate Traders: These accounts are best suited for high volume or intermediate traders, that prefer to work with low spreads in an ECN-like environment. Prime accounts offer competitive conditions and a good selection of trading tools, to fulfill a trader’s needs. Forex Traders: Finq offers the opportunity to trade 55 forex pairs from majors, minors, and exotics, with leverage up to 1:300. Spreads start from 1.9 on popular majors on the standard account or 0.8 on the highest-tier Exclusive account, and small percentage commissions also apply. Crypto Traders: Finq allows trading of 20+ crypto CFDs including Bitcoin, Ethereum, Litecoin, and Dash with 1:2 leverage. Spreads are tight and fast execution speeds will suit active crypto day traders. Stock Traders: Finq offers the opportunity to trade CFDs on an impressive suite of 2000+ global companies’ stocks, including blue chips like Apple and Facebook. This offering includes stocks from exchanges in the US, UK, and EU, and more. CFD Traders: Finq provides the opportunity to trade CFDs on 2100+ markets through the broker’s market-maker execution model. The depth of CFDs beats most rivals. However, potential users should be aware of some concerns raised by existing users. Some users have reported hidden fees. , inappropriate trade advice. , and issues with withdrawal processing. Therefore, it is crucial for potential users to understand the various fees and charges, and to be cautious of the financial advisor. In conclusion, Finq.com could be a suitable platform for high volume or intermediate traders, forex traders, crypto traders, stock traders, and CFD traders who are looking for high leverage and a wide range of assets to trade. However, potential users should be aware of the concerns raised by existing users and make an informed decision.

Who should NOT sign up with Finq?

Finq, a CFD trading platform, offers a wide range of assets and has made a name for itself in the industry. However, it might not be suitable for everyone. Here are some categories of people who might want to reconsider signing up with Finq:. Novice Traders: Finq’s platform is complex and might be overwhelming for beginners. While they do offer educational tools, CFD trading itself is not for inexperienced traders. Risk-Averse Individuals: CFD trading is inherently risky. If you’re not comfortable with high-risk investments, Finq might not be the right platform for you. Individuals Looking for Transparency: Some users have reported hidden fees and misleading information from Finq. If transparency and upfront communication are important to you, you might want to look elsewhere. People Who Value Personalized Support: Several users have reported dissatisfaction with Finq’s customer service. If you value personalized, efficient customer support, Finq might not meet your expectations. Traders Who Prefer Direct Ownership: As a CFD broker, Finq doesn’t offer direct ownership of assets. If you prefer to own the assets you trade directly, Finq might not be the right choice for you. Remember, it’s essential to do thorough research and consider your financial goals, risk tolerance, and trading experience before choosing a trading platform. It’s also recommended to seek advice from a financial advisor.

Does Finq offer Discounts, Coupons, or Promo Codes?

Yes, Finq does offer various forms of discounts, coupons, and promo codes. These offers can provide significant savings for users, making it an attractive option for those interested in forex trading. For instance, there are special campaigns at Finq that users can take advantage of. There are also exclusive promotions available. In addition, Finq offers a freebie upon signup, which could be an attractive incentive for new users. Moreover, Finq provides substantial discounts on their services. Users can save up to 60% with certain promo sales. There are also deals where users can get 15% off. , and even clearance sales offering up to 65% off. Furthermore, Finq offers additional savings opportunities. For example, users can get 5% off plus email updates on their first order. There are also special offers where users can save an extra 20%. It’s worth noting that these offers and discounts can change frequently, so it’s a good idea to check Finq’s website or sign up for their newsletter to stay updated on the latest deals. In conclusion, Finq’s range of discounts, coupons, and promo codes make it a competitive choice for those interested in forex trading. These offers not only provide financial benefits but also add value to the user’s trading experience.

Which Account Types are offered by Finq?

Finq offers a variety of account types to cater to the diverse needs of traders. Here are the details:. 1. Classic Accounts These accounts are suitable for beginner and intermediate traders that trade across FX, Stocks, Indices, ETFs, Commodities, and Bonds. They offer generous spreads that can significantly impact your bottom line. 2. Silver Account With a minimum deposit size of $100, the Silver Account offers features such as Gold 0.6 EUR/USD, 1.9 USD/JPY, 1.9 GBP/USD, 1.9 DJ 30, 5 DAX 40, 18 NASDAQ 100, 1.8 CRUDE OIL, and a commission on shares of 0.20% / $10 min. 3. Gold Account The Gold Account requires a minimum deposit of $10,000. It offers features such as Gold 0.5 EUR/USD, 1.4 USD/JPY, 1.4 GBP/USD, 1.4 DJ 30, 4.5 DAX 40, 16 NASDAQ 100, 1.6 CRUDE OIL, and a commission on shares of 0.16%. 4. Platinum Account The Platinum Account requires a minimum deposit of $50,000. It offers features such as Gold 0.4 EUR/USD, 1 USD/JPY, 1 GBP/USD, 1 DJ 30, 4 DAX 40, 15 NASDAQ 100, 1.5 CRUDE OIL, and a commission on shares of 0.12%. 5. Exclusive Account The Exclusive Account requires a minimum deposit of $100,000. It offers features such as Gold 0.3 EUR/USD, 0.8 USD/JPY, 0.8 GBP/USD, 0.8 DJ 30, 3 DAX 40, 14 NASDAQ 100, 1.4 CRUDE OIL, and a commission on shares of 0.08%. 6. Classic ECN Account The Classic ECN Account requires a minimum deposit of $1,000. It offers features such as Gold 0.4 EUR/USD, 0.8 USD/JPY, 0.8 GBP/USD, 0.8 DJ 30, 5 DAX 40, 18 NASDAQ 100, 1.8 CRUDE OIL, a commission on FX & Metals of $0.03 per unit, and a commission on shares of 0.16%. 7. Pro ECN Account The Pro ECN Account requires a minimum deposit of $50,000. It offers features such as Gold 0.14 EUR/USD, 0.10 USD/JPY, 0.10 GBP/USD, 0.10 DJ 30, 5 DAX 40, 18 NASDAQ 100, 1.8 CRUDE OIL, a commission on FX & Metals of $0.04 per unit, and a commission on shares of 0.08%. Please note that the account size is calculated on a per-client basis. Inactive accounts may lose their premium status and revert to Silver. The spreads shown above are averages and may vary depending on market conditions. Commissions are charged when a position is opened. For the PRO ECN account, a minimum trade volume requirement applies. For the Classic ECN, a minimum of one transaction per month is required to keep the account active.

How to Open a Finq LIVE Account?

Opening a Finq LIVE account involves a few steps. Here’s a detailed guide:. Step 1: Visit the Finq Website Start by visiting the official Finq website. Look for the registration page. Step 2: Register Registering for a live account on Finq is a straightforward process. You’ll be joining thousands of traders on Finq. Step 3: Choose Your Account Type Finq offers several types of accounts. The account type you choose should fit your personal requirements. Here are the options: Classic Accounts: Suitable for beginner and intermediate traders that trade across FX, Stocks, Indices, ETFs, Commodities, and Bonds. Silver Account: Requires a minimum deposit of $100. Gold Account: Requires a minimum deposit of $10,000. Platinum Account: Requires a minimum deposit of $50,000. Exclusive Account: Requires a minimum deposit of $100,000. Classic ECN Account: Requires a minimum deposit of $1,000. Pro ECN Account: Requires a minimum deposit of $50,000. . Step 4: Complete the Registration Process After choosing your account type, complete the registration process. This will give you access to a wide variety of advanced trading services. Step 5: Start Trading Once your account is set up, you can start trading. Finq offers fast execution on over 2,100 assets. Remember, Finq is licensed and regulated, so you can trade with confidence. They also offer 24/5 support. to assist you with any issues or questions you may have. Happy trading!.

How to Open a Finq DEMO account?

Opening a Finq DEMO account is a straightforward process that allows you to practice trading in a risk-free environment. Here’s a step-by-step guide:. Step 1: Visit the Finq Website First, navigate to the Finq website. This is where you’ll find all the information you need about their trading platform and the various assets you can trade. Step 2: Register for a Free Account On the Finq website, look for the option to register for a free account. This will typically involve providing some basic personal information. Remember, this is a demo account, so you won’t need to deposit any real money. Step 3: Choose the DEMO Account Option During the registration process, make sure to select the DEMO account option. This will give you access to a virtual trading environment where you can practice without risking real money. Step 4: Get Familiar with the Trading Platform Finq offers two trading platforms: MetaTrader 4 (MT4) and WebTrader. Spend some time getting familiar with the platform’s features and tools. This will help you make more informed trading decisions when you switch to a live account. Step 5: Start Practicing Now that your DEMO account is set up, you can start practicing. Finq provides a wide range of assets to trade, including forex, stocks, commodities, indices, and more. Use this opportunity to test different trading strategies and learn how the market works. Remember, the purpose of a DEMO account is to learn and practice. Don’t be discouraged if you make mistakes - that’s part of the learning process. When you feel ready, you can switch to a live account and start trading with real money. Please note that while a DEMO account is a great learning tool, it can’t fully replicate the experience of trading with real money. Always be aware of the risks involved in trading and only trade with money you can afford to lose. I hope this guide helps you get started with your Finq DEMO account. Happy trading!.

How Are You Protected as a Client at Finq?

As a client at Finq, you are protected in several ways:. Regulation: Finq is operated by Dilna Investments Ltd, which acts on behalf of its parent company, Leadcapital Corp Ltd. This company is regulated as a Securities Dealer by the Seychelles Financial Services Authority (FSA) with License Number SD007. Client Funds: Finq has implemented additional security measures to protect client funds. These funds are kept separately in top-tier global banks. This separation ensures that client funds are not used for the company’s operational expenses. Deposits and Withdrawals: Finq accepts deposits through all major credit cards, e-wallets, local payment methods, and wire transfers. Importantly, Finq charges no commission or fees on deposits. When you withdraw funds, Finq returns all funds through the same method used to deposit. Again, no commission or fees are charged on withdrawals. Risk Management: Finq provides all the necessary information to understand the 2100+ financial instruments and the risks involved. The platform has tools in place such as Stop Loss/Take Profit/Entry Stop/Entry Limit to mitigate some of these risks. Privacy: Finq has a robust privacy policy. Unless you expressly give consent, your data will not be passed to third-party service providers. Your personal data is kept safe and confidential. Customer Support: Finq’s support and dealing desk teams are highly trained experts in the field. They receive constant training so they are ready to answer all queries. The Finq multi-lingual customer service is on call 24/5 and clients can contact the team or account manager through email, telephone, or live chat. In the context of forex trading, these protections are particularly important. Forex trading involves significant risk, and the measures Finq has in place help to protect clients from unnecessary losses and ensure a secure trading environment. By providing comprehensive information about the financial instruments available and the associated risks, Finq empowers its clients to make informed trading decisions. The robust privacy policy ensures that clients’ personal and financial information is secure, which is crucial in the online trading environment.

Which Funding methods or Deposit Options are available at Finq?

Finq, a forex trading platform established in 2017 and headquartered in Seychelles. , offers a variety of funding methods and deposit options for its users. Deposit Options Finq provides several deposit options to cater to the diverse needs of its users. These include:. Debit/Credit Cards: This is a common and convenient method for depositing funds. It’s simple, quick, and secure. Bank Transfers: Users can also deposit funds directly from their bank accounts. This method is reliable, though it might take a bit longer for the funds to reflect in the trading account. Neteller: This is an online transfer method that is widely used due to its speed and security. FasaPay: An online payment gateway that is known for its ease of use and quick transaction times. Skrill: Another online wallet favored by many traders for its simplicity and fast transaction times. Minimum Deposit The minimum deposit amount required to open a broker account with Finq is $100. This is a standard minimum deposit requirement when compared to most brokers in the industry. Higher minimum deposits will be required for more advanced accounts and will unlock more trading features. Account Activation The deposit activation can take up to 72 hours. This means that after making a deposit, it might take up to three days for the funds to reflect in the user’s trading account. Withdrawal Options In general, withdrawals are made through the same channel used for deposits. This ensures a smooth and secure transaction process for the users. Please note that the availability of these deposit and withdrawal methods may vary based on the user’s location and local regulations.

What is the Minimum Deposit Amount at Finq?

The minimum deposit amount required to open a real trading account with Finq is $100. This is a standard minimum deposit requirement when compared to most brokers in the industry. However, the minimum deposit for first-time traders might vary based on the trading account type selected. Finq offers four different types of classic accounts so that investors can choose the account that suits their trading strategy and trading needs. The Silver Account has a minimum deposit of $100. The Gold Account requires a minimum deposit of $10,000. The Platinum Account has a minimum deposit of $50,000. The Exclusive Account is the most expensive, with a minimum deposit requirement of $100,000. Higher minimum deposits will be required for more advanced accounts and will unlock more trading features. Please note that deposit activation can take up to 72 hours. Finq, founded in 2017, is regulated by The Financial Services Authority (FSA) and offers a demo trading account. The platform supports trading in stocks, forex, indices, commodities, bonds, crypto, and ETFs. It’s important to note that certain countries are not accepted for trade, including the United Kingdom, Germany, France, Norway, Sweden, Italy, Denmark, Belgium, United States, Canada, Australia, and Saudi Arabia. Withdrawal and deposit options include debit/credit cards, bank transfers, Neteller, FasaPay, and Skrill. The platform provided is Metatrader 4, compatible with PC and Mac OS, and mobile for Android and iOS. Customer support is available 24 hours a day, 5 days a week, in multiple languages. Please remember that investing in forex involves risk, and it’s important to only invest what you can afford to lose. Always do your own research and consider seeking advice from a licensed financial advisor before making any investment decisions.

Which Withdrawal methods are available at Finq?

Finq, a well-known CFD trading platform, offers a variety of withdrawal methods to its users. Here are the details:. Withdrawal Methods: MasterCard: One of the most widely accepted credit cards worldwide, MasterCard offers secure transactions and is a popular choice among Finq users. Maestro: Maestro, another globally recognized card service, is also available for withdrawals. Visa: Visa, a universally accepted payment method, is another option for Finq users. Visa Electron: This is a variant of Visa that offers another secure method for withdrawals. Skrill: Skrill is a digital wallet provider enabling quick online transactions. Neteller: Neteller is another e-wallet solution that Finq users can utilize for their withdrawal needs. FasaPay: FasaPay is an online payment gateway that is widely used in the forex industry. Bank Wire Transfer: For those who prefer traditional methods, Finq also allows withdrawals through bank wire transfers. . Withdrawal Process: All funds are returned through the same method used for deposit. Finq charges no commission or fees on withdrawals. The withdrawal methods are usually processed in 1 to 10 days. Currency conversion fees will apply if your withdrawal method base currency is not the same as your Finq account base currency. Account Verification: Before you can withdraw funds, it is essential that you have completed the verification process for your live Finq account. Withdrawal Timing: There is no set time limit for withdrawals. Finq customers who have validated their accounts can withdraw their positive balances at any time of the day. On the nearest following business day, Finq will process any withdrawal requests that were submitted after the cutoff time or on a non-business day. Please note that the available withdrawal methods may differ in each country where Finq operates.

Which Fees are charged by Finq?

Finq, a regulated Forex Company, has a clear and competitive fee structure. Here are the details:. Spreads: Finq offers fixed spreads in every type of account. The spreads start from 1.9 pips on EURUSD. This spread, coupled with commission-free trading, makes Finq an extremely competitive choice for most traders. Commission Fees: Finq charges no commissions fees. Instead, it makes its money on the Bid/Ask Spread. You can calculate the Bid/Ask Spread by finding the difference in prices quoted for an immediate sale of an asset and the immediate purchase of the asset. Deposit Fees: Finq charges no commission or fees on deposits. Withdrawal Fees: When you withdraw, Finq returns all funds through the same method used to deposit. They charge no commission or fees on withdrawals. Swap Fees/Overnight Fees: Overnight fees, or swap fees, are charged by Finq for positions held overnight. Account Inactivity Fees: Customers should also be sure to confirm whether they will be charged account inactivity fees. Please note that the above information is subject to change and it’s always a good idea to check the latest on Finq’s official website or contact their customer service for the most accurate information.

What can I trade with Finq?

Finq offers a wide range of trading options for its users. You can trade in various financial instruments from global markets. Here are the details:. Forex: Finq provides a platform for forex trading where you can trade in various currency pairs. The platform offers leveraged trading with narrow spreads. Stocks: You can trade Contract for Differences (CFDs) for your favorite companies. Finq offers over 2000 stocks selected from all existing global financial markets from the Asian, European, and US exchanges. Commodities: Finq allows you to trade in various commodities. This includes popular commodities like natural gas, gold, and coffee. Bonds & ETFs: Bonds and Exchange Traded Funds (ETFs) are also available for trading on Finq. Finq provides a free $10,000 practice account for new traders to get accustomed to the platform. They also offer a low minimum deposit of $100, making it accessible for beginners. The platform also provides free analysis tools to help traders make informed decisions. Please note that trading involves risk and it’s important to understand the risks involved before you start trading.

Which Trading Platforms are offered by Finq?

Finq offers two main trading platforms. Finq WebTrader: This is a proprietary platform designed for quick execution in a fast trading environment. It’s the ultimate platform for building and controlling portfolios from 7 asset classes. With features such as Stop loss & Take profit, limit and stop orders, traders can control timing & positions 24/7. It provides access to over 2,100 financial instruments from global markets – stocks, bonds, commodities, ETFs, forex, and indices. MetaTrader 4 (MT4): This platform is also available for Finq users. It’s best suited to forex and CFD traders. The maximum leverage offered is 1:300. In addition to these platforms, Finq also offers mobile trading through their iOS and Android apps. This allows traders to access the world’s financial markets with free apps for mobile trading. Please note that the information is based on the latest available data and may be subject to change.

Which Trading Instruments are offered by Finq?

Finq offers a wide selection of trading instruments across various asset classes. Here are the details:. Forex: Known as the most liquid market in the world. , Finq offers the opportunity to trade on the volatility of 55 major and minor currency pairs. This includes popular pairs such as EUR/USD, USD/JPY, and GBP/USD. Stocks: Finq provides access to trade your favourite company’s stock CFD. They offer the opportunity to invest in over 2000 global companies’ shares. Indices: Covering the major economic regions, global indices are available for trading. Commodities: This includes a variety of commodities such as energy, metals, soft, and hard commodities. You can trade Crude Oil and other soft commodities with low margin and low spreads. Crypto: Finq allows trading with cryptocurrencies. Bonds: Sterling, yen, euro, and dollar bonds are available for trading. ETFs: Over 30 ETFs are available for trading on the WebTrader platform. Please note that trading involves risk and it’s important to understand the risks involved before you start trading.

Which Trading Servers are offered by Finq?

Finq offers a variety of trading servers to cater to the diverse needs of its users. These servers are designed to provide a seamless trading experience, whether you’re a beginner or an experienced trader. Finq WebTrader: This is Finq’s proprietary trading platform. It is designed for quick execution in a fast trading environment. The platform offers access to over 2,100 financial instruments from global markets, including stocks, bonds, commodities, ETFs, forex, and indices. It comes with features such as Stop Loss, Take Profit, limit and stop orders, allowing users to control timing and positions 24/7. The platform also offers free analysis tools. MetaTrader 4 (MT4): This is a widely used trading platform in the forex industry. It is available as a desktop download, web version, and mobile apps. MT4 is preferred by most traders due to its user-friendly interface and comprehensive features. In addition to these platforms, Finq also offers mobile trading through its iOS and Android apps. These apps allow users to trade on the go, ensuring they never miss a trading opportunity. Finq’s trading servers are designed to provide endless trading opportunities and one-on-one support. They also offer a free $10,000 demo account for users to practice their trading strategies. With a low minimum deposit of $100, Finq makes trading accessible to everyone. In conclusion, whether you’re trading forex, stocks, commodities, or other assets, Finq’s trading servers offer a robust and versatile platform to help you succeed in your trading endeavors.

Can I trade Crypto with Finq? Which crypto currencies are supported by Finq?

Yes, you can trade cryptocurrencies with Finq. Cryptocurrencies are a popular modern asset class and have gained traction in the markets since 2009. They are usually stimulated by investor interest, tech development, and accessibility on eWallets. Crypto has experienced the highest volatility in the markets of any asset class. Finq offers CFD trading on cryptocurrencies as a subsection of forex currencies on the WebTrader platform. The main instruments include Bitcoin, Ethereum, Litecoin, and Dash. The spreads range from 0.8 USD to 80 USD and leverage from 1:2. Finq provides a range of tools to optimize your trading experience. For instance, you can use Finq Traders’ Trend tools to assess how many traders are buying and selling in real-time. This can help optimize entry points and manage risk according to market sentiment. Trading crypto with Finq.com online broker benefits from low margins, competitive financing, and reliable execution. Please note that the prices are only for indicative purposes. Finq.com is a multi-asset offshore broker that provides CFD trading on 2100+ instruments with fast execution and high leverage. The company is registered with Seychelles FSA and was established in 2017. The broker supports MetaTrader 4 and a bespoke WebTrader, and traders can test its services through a free demo account. Please note that trading in cryptocurrencies involves risk, just like any other investment option. It’s important to understand the market before you start investing. Happy trading!.

What is the Leverage on my Finq Trading Account?

Finq.com is a multi-asset offshore broker that provides CFD trading on over 2100 instruments with fast execution and high leverage. The company is registered with Seychelles FSA and was established in 2017. The broker supports MetaTrader 4 and a bespoke WebTrader, and traders can test its services through a free demo account. The minimum deposit is $100. When it comes to forex trading, Finq offers the opportunity to trade 55 forex pairs from majors, minors, and exotics, with leverage up to 1:300. Spreads start from 1.9 on popular majors on the standard account or 0.8 on the highest-tier Exclusive account, and small percentage commissions also apply. Finq.com offers four standard and two premium account types. The silver account is the standard account, offering daily analysis, desktop/mobile trading, 24-hour customer service, and educational tools. A silver account holder deposits $100. In summary, Finq.com provides a wide range of trading opportunities with high leverage, making it a suitable choice for traders looking for high leverage in return for less regulatory oversight. However, it’s always important to remember that while high leverage can magnify profits, it can also magnify losses. Therefore, it’s crucial to use leverage responsibly and understand the risks involved.

What kind of Spreads are offered by Finq?

Finq, a multi-asset CFD broker, offers a wide range of spreads across various assets. The broker provides trading in CFDs by offering tried and tested reliable platforms for web and mobile with over 2100 assets, stocks, commodities, forex, ETFs, indices, and bonds. Finq promises to offer the lowest spreads in the market, while offering leverage up to 1:300. The spreads for the proprietary account are 0.3 pips for Gold, 0.8 pips for EURUSD, 0.8 pips for USDJPY, 3 pips for DJ30, 2 pips for Crude Oil and 0.08% commission for stock trading. The spreads on classic ECN accounts are 0.4 pips on Gold, 0.8 pips on Eurodollar, 4 pips on crude oil, $8 per lot on Forex and metals, and 0.16% on stock trading. Finq is applying new levels of security when it comes to trader and funds protection as no compromise is allowed. The broker claims that being a regulated broker, Finq maintains a high level of capitalization, transparency and reporting. The client’s funds are segregated from the broker’s own operational funds and kept safely in Tier 1 banks. They implement some of the most modern protocols for funds protection. Finq.com is a multi-asset offshore broker that provides CFD trading on 2100+ instruments with fast execution and high leverage. The broker supports MetaTrader 4 and a bespoke WebTrader. The broker offers variable spreads across all assets. When we used the Finq platform we were offered spreads from 0.14 USD on Gold trading, 0.10 pips on EUR/USD and 0.20 pips on GBP/USD, and 1.4 pips on the NASDAQ100 and DAX30. Accounts will incur a commission fee, including for shares and crypto trading. Please note that while Finq offers a wide range of spreads and trading options, it’s important to understand the risks associated with trading and to trade responsibly. Always do your own research and consider seeking advice from a financial advisor before making any trading decisions.

Does Finq offer MAM Accounts or PAMM Accounts?

Finq, a popular online trading platform, offers a variety of account types to cater to the diverse needs of traders. However, based on the information available, it appears that Finq does not explicitly offer MAM (Multi-Account Manager) or PAMM (Percentage Allocation Management Module) accounts. Finq provides several account types, including Classic, Gold, Platinum, Exclusive, Classic ECN, and Pro ECN. These accounts are designed to suit the needs of different levels of traders, from beginners to professionals. The accounts offer various features such as competitive spreads, different commission rates on shares, and access to a wide range of trading instruments. A PAMM account, on the other hand, allows investors to allocate their funds to a professional trader or money manager, who then trades on their behalf. The profits or losses from these trades are shared among the investors based on their percentage allocation. This type of account is particularly beneficial for investors who wish to profit from forex trading but do not want to engage in trading activities themselves. While Finq does not explicitly offer PAMM accounts, it’s important to note that the services provided by such accounts can often be found in other forms of managed accounts or services. Therefore, potential investors interested in similar services should contact Finq directly for more detailed information. In conclusion, while Finq offers a variety of account types tailored to different trading needs, they do not explicitly offer MAM or PAMM accounts based on the available information. As always, potential investors should conduct thorough research and consider seeking advice from financial advisors before making investment decisions.

Does Finq allow Expert Advisors?

Yes, Finq does allow the use of Expert Advisors (EAs). Finq is a forex and CFD broker that offers a wide range of assets for trading, including currency pairs, commodities, indices, ETFs, bonds, stocks, and more than 10 cryptocurrencies. The broker supports the MetaTrader 4 (MT4) platform, which is widely used by traders and offers all the necessary tools and features for traders to analyze price dynamics of financial instruments. One of the key features of MT4 is the ability to create and use automated strategies, known as Expert Advisors. EAs are essentially forex robots that allow traders to automate their trades based on certain trading criteria. This eliminates the need for traders to constantly monitor the market and execute trades manually. With EAs, traders can set their own trading criteria and the EA will execute trades on their behalf when these criteria are met. This can be particularly beneficial for traders who have other commitments and cannot dedicate their entire day to trading. However, it’s important to note that while Finq does allow the use of EAs, it acts as a Market Maker. This means that there is a risk of conflict of interest as the broker could potentially trade against its clients. Therefore, traders should exercise caution and ensure they fully understand the risks involved before using EAs or any other automated trading strategies. In conclusion, Finq does allow the use of Expert Advisors, providing traders with the opportunity to automate their trading strategies and potentially enhance their trading efficiency. However, as with all trading strategies, the use of EAs carries risks and should be undertaken with caution.