Finq.com Review

Overall, Finq.com is very competitive in terms of its trading fees and spreads. Finq.com is well regulated through FSA Seychelles. Their spread is fair compared to other FSA-regulated brokers and there are no hidden trading fees, and commissions with the accounts on offer.

Finq.com at a glance

Overall Rating

• 3.5/5

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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

Finq.com Review Revealed – A Key 23-Point Quick Overview

1. ✅Finq.com at a glance
2. ✅Finq.com Overview
3. ✅Finq.com Sign-up Bonus
4. Finq.com Referral Bonus
5. Finq.com Affiliate Program
6. Finq.com Minimum Deposit
7. Finq.com Account Types
8. Finq.com Account Features
9. How to open a Finq.com Trading Account – Step by Step
10. Finq.com Demo Account
11. Finq.com Islamic Account
12. Finq.com Fees and Spreads
13. Finq.com Deposit fees and deposit methods
14. Finq.com Market instruments
15. Finq.com Trading Platforms
16. Finq vs FinoTrade vs Fineco Bank – A Comparison
17. Finq.com – Top Countries by Similar Web
18. Finq.com Current Popularity Trends
19. Finq.com Review Pro and cons
20. Finq.com Customer Reviews
21. Conclusion
22. Disclaimer
23. Frequently Asked Questions

Finq.com Overview

According to research in South Africa, Finq.com is a brokerage firm operated by Dilna Investments Ltd. The company was founded in 2017 and is based in Seychelles.

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 Sign-up Bonus

Finq offers a welcome bonus to new traders who choose to register for a real account. This is provided in the form of a welcome bonus where traders can earn up to $4000. The broker also has other types of bonuses on offer.

As a general explanation, a bonus can be best understood as compensating traders for having decided to open an account with a chosen broker.

Finq.com Referral Bonus

Referral bonuses allow existing traders of a given broker to earn greater rewards through referring a friend to a broker. The broker compensates the trader when this referral results in the friend signing up for a real account.

Finq offers a refer a friend bonus which compensates participants with a bonus after the referral has made the first deposit. Participant bonuses are determined by the size of the referred client’s initial deposit. Please note that the following conditions apply to this program:

All amounts will be paid in the base currency in which your account is held. To read the complete “Refer a Friend” Terms and Conditions, click here.

Finq.com Affiliate Program

Finq.com Minimum Deposit

The minimum deposit amount required to open a broker account with Finq.com is $100. This is a standard minimum deposit amount when compared to most other brokers in the industry and should not present a high barrier of entry to new traders.

More advanced accounts will require a higher minimum deposit, however, with the Exclusive Account having an exceptionally high minimum deposit of $100 000.

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.com 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 Account

Pro ECN Account

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 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 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 Fees and Spreads

Finq has the following spread list available to traders:

Spreads average at 1.9 pips for major pairs like USD/EUR. Spreads are fixed for each account type. While this is not the most competitive spread offering, with many brokers offering spreads in the range of 0.5 pips for major currency pairs, it is worth remembering that Finq does not charge commissions for trading.

Finq.com Deposit fees and deposit methods

Finq.com has a broad selection of popular deposit methods, which include the following:

In terms of deposit security, Finq is regulated offshore by the FSA in Seychelles. However, the broker does have extensive protection measures in place for deposit security. All the clients’ operations to deposit and withdraw funds have the following requirements:

Finq.com Market instruments

Finq.com traders can choose from more than 2 100 tradable assets. This range of trading assets is a great way for traders to expand their investment portfolio, which in turn allows a more varied, safer trading opportunity and the possibility of enhanced profits.

Finq.com Trading Platforms

Finq.com provides 2 choices of powerful trading platforms, the WebTrader, and the MetaTrader4 platform. Both are popular and reliable and used by thousands of traders across the globe.

WebTrader Platform customers can trade on the branded Finq WebTrader to access leading financial markets worldwide. Free apps for mobile trading are available for this platform. The MetaTrader4 platform is without a doubt one of the most popular trading platforms globally. This platform is customizable and offers a wide selection of benefits.

Data shows more than 70% of trades are executed from mobile apps. Finq.com offers free downloadable apps for traders who would like to monitor the markets on the go. Its 2 100 assets are available on these apps at no commissions. These apps are available on Android as well as iOS and is constantly updated to ensure speed, deposit, and withdrawal requests, displays, and executions are prioritized.

Finq vs FinoTrade vs Fineco Bank - A Comparison

Finq.com - Top Countries by Similar Web

Finq.com Current Popularity Trends

According to Google Trends, here is an overview of how frequently the search term – “Finq.com” is entered into Google’s search engine over a given period of time.

Finq.com Review Pro 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

Conclusion

Overall, When reviewing, Finq.com 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.

You might also like: Finq.com Account Types Overview

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

You might also like: Finq.com Fees and Spreads

You might also like: Finq.com Islamic Account Overview

You might also like: Finq.com Minimum Deposit

You might also like: Finq.com Sign up Bonus

Disclaimer

Leveraged 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. Before trading, you are strongly advised to read and ensure that you understand the relevant risk disclosures and warnings. There is a substantial risk that you may lose all of your initial investment.

The company advises you to consider whether trading leveraged products is appropriate for you in light of your own personal circumstances. The company recommends that you seek independent financial advice and ensure that you fully understand all risks involved before trading.

Trading through an online platform carries additional risks, according to research in South Africa.

Frequently Asked Questions

Is Finq.com fake or a scam?

Finq.com is regulated by The Seychelles Financial Services Authority (FSA) in Seychelles. While an off-shore regulation, FinQ.com has several client deposit protections in place, as well as an extensive AML policy.

Does Finq.com manipulate the market?

Finq.com is regulated by The Seychelles Financial Services Authority FSA in Seychelles and is not known for market manipulation.

What are the advantages of trading with Finq.com?

Finq.com offers various educational tools, a variety of account types to best suit traders’ needs as well as the infamous MetaTrader4 platform

For which type of trader is Finq.com suited?

Finq.com is best suited for both beginner and advanced traders.

Which platforms are supported by Finq.com?

Finq.com supports the infamous MetaTrader 4.