Finq.com Account Types

Finq.com Account Types vary according to what traders require. Finq.com provides six different account types – the Silver Account, the Gold Account, the Platinum Account, the Exclusive Account, the Classic ECN Account, and the Pro ECN Account. A 100% risk-free Demo Account is also offered.

Finq.com at a glance

Overall Rating

• 3.5/5

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Min Deposit

USD 100

Regulators

FSA

Trading Platform

MT4

Crypto

Yes

Total Pairs

0

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

Choose your quick section of our Finq.com Account Types below.

Finq.com Account Types Revealed – A Key 11 Point Quick Overview

1. ✅Finq.com at a glance
2. ✅Finq.com Overview
3. ✅Finq.com Account Types
4. Finq.com Account Features
5. How to open a Finq.com Trading Account – Step by Step
6. Finq.com Demo Account
7. Finq.com Islamic Account
8. Finq.com Pros and Cons
9. Finq.com Customer Reviews
10. Conclusion
11. Frequently Asked Questions

Finq.com provides access to over 2000 available across several popular asset classes that include Forex, indices, shares, and ETFs, amongst others.

Finq.com Overview

Established in 2017 and headquartered in Seychelles, Finq is an offshore broker that provides traders with access to a wide array of tradable instruments, with over 2000 available across several popular asset classes that include Forex, indices, shares, and ETFs, amongst others.

Traders are provided access to the MetaTrader 4 platform, an industry staple, as well as the broker’s proprietary WebTrader platform. Finq also offers a comprehensive selection of useful resources that include an economic calendar, and a very comprehensive demo account feature for beginner traders to test their skills before signing up for a live account.

New clients can choose from a broad selection of tailored account types, each with unique features and tools, while Islamic traders can sign up for a swap-free account in line with the requirements of Sharia law.

Finq.com Account Types

Finq.com offers six live trading accounts from which clients choose, with two new accounts added to the original four options. These account types consist of the Silver, Gold, Platinum, and Exclusive Accounts, as well as the latest Classic ECN and Pro ECN Accounts.

New traders can also elect to open a demo account with FinQ before choosing to sign up for a live account, while Muslim traders have the option of opening a swap-free Islamic Account which is designed in accordance with Sharia law. Because of Finq’s commitment to the AML and KYC policies, each client of the company must finish a verification procedure.

Before the broker starts any cooperation with the client, the company ensures that satisfactory evidence is produced or such other measures that will produce satisfactory evidence of the identity of any customer or counterparty are taken.

Furthermore, Finq applies heightened scrutiny to clients, who are residents of other countries, identified by credible sources as countries, having inadequate AML standards or that may represent a substantial risk for crime and corruption. During the process of registration, each client provides personal information, specifically:

Documents requested at the account opening stage for Individuals
Proof of Identity:

Proof of Residence:

Finq.com Account Features

Silver Account

Gold Account

Platinum Account

Exclusive Account

Classic ECN

Pro ECN

How to open a Finq.com Trading Account – Step by Step

How to open a Finq.com trading account:

🟢 Step 1 – Navigate to the Finq.com website and click on ‘Start Trading”

Navigate to the account registration area on the Finq.com website. This can be accessed by clicking on the Start trading button at the top of the landing page

🟢 Step 2 – Fill out the Finq.com account registration form 

Fill out the short online registration form to request a live trading account. You will need to provide your name, email address, and contact number

🟢 Step 3 – Access the Finq.com trading platform

Once the registration form is submitted, you will be redirected to your newly created account platform, click complete registration, and start trading to proceed through the KYC process.

🟢 Step 4 – Proceed through the Finq.com KYC process.

Proceed through the finq.com account verification process by providing personal information: First name, Last name, Date of birth, telephone number, country of residence, citizenship, address

🟢 Step 5 – Fill out the Tax information required

Traders will be redirected to the tax information page where they will be required to fill out their tax numbers along with their status of citizenship.

🟢 Step 6 – Provide the Finq.com financial information required.

Traders are required to provide their employment status, gross income, net worth, anticipated turnover, source of income as well as the nature of transactions to complete the account registration application accept the terms and conditions, and click “finish” located at the bottom of the Finq.com registration page.

Finq.com Demo Account

The demo account from Finq is funded with $10 000 in virtual currency. This will allow users to test out the broker’s trade features without having to risk their own initial investment. Once you have tested the features of the MetaTrader 4 platform, you can go on to sign up for a real account with the broker if you so choose.

Using the demo account, you can trade using USD, RUB, and ZAR as account currencies. The demo also consists of a useful introductory wizard that takes you through the rough the various steps of using the account successfully, as well as the technical aspects of trading on MetaTrader 4.

Finq.com Islamic Account

Traders who wish to apply for an Islamic Account with FinQ will have to apply directly to the broker’s accounts department. They will likely have to submit supporting documents to prove their religious status. The Islamic Account will allow traders to access the MetaTrader 4 platform, as well as the following features:

Also known as ‘no swap accounts’, Islamic trading accounts allow Muslims to engage in online forex trading in compliance with Sharia law. With 25% of the world’s population practicing the Islamic faith, Islamic forex trading has continued to gain popularity worldwide.

Essentially, an Islamic forex trading account charges no swap or rollover interest on positions held overnight in the forex market. An administration fee is, however, charged on some accounts to open positions.

Finq.com Pros and Cons

Finq.com Customer Reviews

Finq has a large selection of commodities

Finq has a large selection of commodities in its asset list. If you’re into commodities trade, this brokerage firm is a great choice! – Pam

Finq seems to take many precautions

Finq seems to take many precautions regarding withdrawals, yet in a manner that doesn’t make it too long or annoying. In my opinion, they have the right balance between security and fluency. – Chi

Affiliate programs

I enjoy the opportunity given by forex brokers to earn an income for referrals through IB and Affiliate programs, great offerings Finq! – Denille

Overall Rating

• 3.5/5

Read Review

OPEN AN ACCOUNT

Min Deposit

USD 100

Regulators

FSA

Trading Platform

MT4

Crypto

Yes

Total Pairs

0

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

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You might also like: Finq.com Demo Account – Step by Step

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You might also like: Finq.com Islamic Account Overview

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Conclusion

When reviewing Finq.com, it appears to be a reliable and honest brokerage firm. It is regulated and committed to ensuring the safety of customer funds. The ‘Refer a Friend’ bonus is an attractive deal for existing and potential customers.

With an initial deposit fee of only $100 on the Finq.com Silver account, account variation, reputable trading platforms, and a wide selection of market instruments, this broker would be a good choice for all types of traders, no matter their trading styles and experience levels.

Frequently Asked Questions

Can traders from South Africa open a Finq.com trading account?

Yes, Finq.com is accessible to traders in various countries, including South Africa.

Does Finq.com have ZAR accounts?

No, Finq.com does not offer traders’ accounts in ZAR.

Is Finq.com a good broker to choose if I am new to trading?

Finq.com caters to both beginner and advanced traders, beginner traders have the option of a 100% risk-free demo account before opening a live trading account with Finq.com.

How many instruments can I trade with Finq.om?

2000+ tradable instruments in these assets: Stocks, Forex, Indices, Commodities, Bonds, Cryptocurrencies & ETFs

Does Finq.com offer leverage?

Yes. Finq offers variable leverage ranging from 1:30 to 1:300. Higher leverage is granted depending on the client’s level of experience, due to the greater level of risk associated with using high leverage ratios.