Finq.com provides CFD trading in mobile and web platforms with more than 2,100 financial instruments including stocks, forex, commodities, indices, bonds, and ETFs. It offers commission-free trading and a 24/5 multilingual customer support.
Know more about Finq’s trading services by gleaning through this detailed broker review.
Finq Background & Safety
Founded in 2017, Finq is operated by Dilna Investments Ltd, the primary payment provider and website operator. Dilna Investments Ltd, however, only acts on behalf of its mother company, Leadcapital Corp Ltd, which is a registered and regulated Securities Dealer under the Seychelles Financial Services Authority.
Finq continuously grows as a global brand as it caters to traders in different parts of the world. It is known for having an impressive range of tradable assets. Despite these assets, Finq has yet to prove its financial stability and strength by securing a more reputable regulatory credential, which can be attained by applying from major financial institutions.
Finq Features & Fees
Finq displays an array of financial instruments, wrapped as CFDs, including forex (over 60 currency pairs), stocks, indices (23 major international equity indices), commodities, bonds, cryptocurrency, and ETFs.
Aside from a wide range of assets, Finq also features a variety of account types: Micro, Silver, Gold, Platinum, and Exclusive.
Here are some of the conditions and features of each account type.
Micro – for an initial deposit worth $100, the account provides access to desktop and mobile trading, 24-hour customer support, and spreads starting from 3.0 pips in some major pairs.
Silver – this account requires an initial deposit of $1,000 and provides access to the same features and conditions under Micro with some additional features including Daily Analysis: Morning Review, and a dedicated Account Manager.
Gold – leverage your $10,000 initial deposit for access to all trading features present in the Silver account and more. Your spreads start from 1.9 pips in some major pairs while your access to trading tools are widened as you have Premium Daily Analysis and Trading Central.
Platinum – this account type requires a minimum initial fund worth $50,000. You get to access spreads starting from 1.2 pips in some major pairs while you enjoy access to all trading features and functionalities offered by the broker plus premium customer support.
Exclusive – this account type is the most luxurious account in Finq as it asks for a $100,000 initial deposit. Same with Platinum, you get to access all trading features and functionalities offered by the broker, premium customer support, and spreads starting from 1.0 pips in some major pairs.
All these account types have zero commission fees and leverage of up to 1:300. The broker also offers a Demo account for users to test their strategies.
For a detailed reference of the conditions and features of these account types, refer to the table below.
In Finq, all major credit cards, e-wallets, local payment methods, and wire transfers are accepted for deposits. The same methods can be used for withdrawal transactions. There are no transaction fees charged for deposit and withdrawal transactions.
Some of these methods include Visa, Mastercard, Maestro, Visa Electron, Skrill, Neteller, and Fasapay.
Clients who have successfully undergone verification are qualified to get a $50 welcome bonus. After your first successful deposit of initial fund required under your chosen trading account, you are also entitled to receive First-Time Deposit Bonus. This incentive has a percentage ranging from 16%-30% of your initial deposit amount.
Finq Trading Platforms & Tools
Finq.com is a MetaTrader broker and offers it in several versions including MT4 desktop, MT4 WebTrader, and MT4 for Mac. It also offers its own WebTrader platform.
Finq’s WebTrader is designed for quick execution and access to seven asset classes. It also has mobile versions for iOS and Android devices. The WebTarder app is designed to prioritize speed, deposit and withdrawal requests, and displays of each asset.
Meanwhile, MT4 is equipped with highly visual charts with 3 graphical representations of each asset 9 nine different timeframes. It also features one-click trading and an array of advanced technical analysis tools.
Finq is an impressive young CFD broker as it offers a wide range of tradable assets. It also has a strong set of trading conditions capped by zero commission and low spreads.
However, Finq has to strengthen its regulatory credentials in order to be of service to more traders around the globe.