Yes, Finq.com offers a Demo Account mimicking a live trading account and offers many features for traders. Traders have access to the same functions, features, and options that they normally would on a live trading account.
Finq.com at a glance
| 🔍 Broker's Name | Finq |
| 📍 Headquartered | Seychelles |
| 📅 Year Founded | 2017 |
| 🏛 Regulating Authorities | The Financial Services Authority (FSA) |
| 📃 FSA Seychelles License: | SD007 |
| 🌐 Countries not accepted for trade | United Kingdom, Germany, France, Norway, Sweden, Italy, Denmark, Belgium, United States, Canada, Australia, Saudi Arabia |
| ☪️️ Islamic Account (Swap Free) | Yes |
| 📒 Demo Account | Yes |
| 📒 Institutional Accounts | No |
| 💻 Managed Accounts | Yes |
| 📊 Maximum Leverage | 1:300 |
| 💳 Minimum Deposit | $100 |
| ZAR | R1 600 ZAR |
| 💳 Deposit Options | Debit/credit cards, bank transfers, Neteller, FasaPay, and Skrill |
| 💻 Platform Types | MetaTrader 4 |
| 📲 OS Compatibility | PC and Mac OS, mobile for Android and IOS |
| 📊 Tradable Assets | Stocks, Forex, Indices, Commodities, Bonds, Crypto, ETFs |
| 🌐 Languages supported on Website | English, Arabic, Indonesian, Malay, Spanish, Vietnamese |
| ☎ Customer Service Hours | 24 hours a day/ 5 days a week |
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 Demo Account below.
Finq.com Demo Account Types Revealed – A Key 8-Point Quick Overview
- ✅Finq.com at a glance
- ✅Finq.com Overview
- ✅How to set up a Finq.com Demo Account – Step by Step
- Finq.com Demo Account Features
- Finq.com Pros and Cons
- Finq.com Customer Reviews
- Conclusion
- Frequently Asked Questions
Here is an overview of the Finq.com Demo Account as well as the features that are offered.
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.com 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.
How to set up a Finq.com Demo Account – Step by Step
Opening a demo account with Finq.com will consist of the following simple steps:
🟢 Step 1 – Navigate to the Finq.com website and click on ‘Free Demo Account”
Navigate to the demo registration area on the Finq.com website. This can be accessed by clicking on the Free Demo button at the bottom of the landing page
🟢 Step 2 – Fill out the Finq.com demo registration form
Fill out the short online registration form to request a free demo. 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 demo account platform
A forex demo account is also referred to as a practice account, which is used for practicing trading or to test a new trading strategy without any risk to actual money. A forex demo account is also intended for beginners to get familiar with the various aspects of trading.
As such, a demo account will allow traders to learn how to place orders, and manage existing trade positions as well as more advanced functions such as testing or fine-tuning a trading strategy. If you are new to trading, then it is highly recommended that you first open a forex demo account until you are comfortable with both your trading strategy as well as the intended trading platform itself.
Finq.com Demo Account Features
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.
| 🌐 Finq.com Demo Account Features: | $10 000 virtual funds |
| Risk 🆓 | |
| Mimcs live trading conditions | |
| MetaTrader4 Platforms |
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 various steps of using the account successfully, as well as the technical aspects of trading on MetaTrader 4.
Finq.com Pros and Cons
| ✔️ Pros | ❌ Cons |
| Demo account does not appear to expire | |
| Easy demo account sign-up process |
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
I enjoy the opportunity given by forex brokers to earn an income for referrals through IB and Affiliate programs, great offerings Finq! – Denille
Min Deposit
USD 100
Regulators
FSA
Trading Platform
MT4
Crypto
Yes
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
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 its 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.
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Frequently Asked Questions
Can traders from South Africa open a Finq.com demo account?
Yes, a Finq demo account is accessible to traders from South Africa.
Is Finq.com a good option for beginner traders?
Finq offers beginner traders various tools to educate themselves on trading.
Is the Finq.com demo account the same as a real account?
A demo account offers the use of virtual funds instead of actual capital. This allows for risk-free trading as well as exploring both the broker’s offer and the trading platform.
A demo account can be used for a variety of reasons including practice trading, testing trading strategies, exploring platforms and offers, and more.
For how long is the Finq demo account valid?
The demo account from Finq does not expire.
Can you withdraw money from a Finq.com demo account?
Finq.com does not offer traders the option of withdrawing money from a demo account.
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