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Forex Broker Rating

FINQ

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FINQ

Information about the broker FINQ

Rating: 0
Jurisdiction: Seychelles
Regulators: -
Foundation date: 2019

Brief informationFINQ

Registration data remain unclear. It is stated that Dilna Investments Ltd. is in charge of site management and service provision. Dilna Investments Ltd., in turn, acts on behalf of its parent company, Leadcapital Corp Ltd, registered in the Seychelles. In the document "Terms and Conditions" posted on the official website, it is noted that the broker is regulated by the laws of Cyprus. At the same time, we did not find data on registration and licensing from the local regulator on the official Internet resource.

The site is presented in a dozen languages, but the Russian version is fragmented: for example, the main documents can be studied only in English. In the section with contacts there is a legal address in the Seychelles, email and phone number +35722008069.

FINQ trading instruments and platform

A very wide list of available assets has been announced - over 2,000 items. These include:

  • shares,
  • currency pairs on Forex,
  • indices,
  • commodities,
  • cryptocurrency. 

It is offered to work through two platforms to choose from:

1. Classic MetaTrader4.

2. Finq-WebTrader is the company-owned development. It is stated that the platform provides access to a full set of assets, is equipped with a wide range of built-in analytical tools, provides fast execution and is comfortable to use.

The company did not show its own terminal in the public domain, but you can familiarize yourself with it on a demo account.

Finq trading accounts

In addition to classic trading, the company actively offers following - it means copying the transactions of its successful clients. On the official website, the broker recommends those who can serve as examples, publishes a rating, with the help of which it is easier to choose whom to follow. But in this review we will focus on independent work.

The broker offers 5 types of accounts with traditional ranking: the higher investments are expected from the client, the more service and opportunities he/she is promised.

The most minimalistic account is called MICRO. It is available after investing not less than 100 USD. It is offered to work with maximum spreads, with round-the-clock access to technical support. The next, SILVER account, is available after investing not less than 1,000 USD, and here the client is provided with an individual manager and they will start delivering daily market reports. Next accounts require investments of thousands of dollars - up to 100 thousand. Clients are encouraged by providing in-depth analytical materials and priority support from personal managers.

Account replenishment and withdrawal of funds with Finq com

There is no separate informational section about transactions on the site, so we collect information in the "Terms and Conditions", as well as in the section with answers to frequently asked questions. Both of them are presented exclusively on the English version of the site.

So, the company accepts US dollars, euros and pounds sterling. The minimum deposit is 100 units of any of these currencies. Both individuals and legal entities can open a Finq personal account. Just keep in mind that you cannot change this status in the future. Much of the section “Customer accounts and initial deposits” is specifically about the joint management of an account by several beneficiaries.

At the same time, neither in the “Terms and Conditions” nor anywhere else in the public domain you can find the exact list of transaction channels, data on limits and commissions for withdrawals. All this should be learned in private or after registration. Feedbacks about Finq indicate that at least the choice of deposit and withdrawal methods is very wide: from bank cards of all types to major payment systems and wallets, including local ones.

Conclusion

The company cannot confirm any significant experience and regulation. In such cases we recommend reading independent, fresh feedbacks and also not risking real money before consulting with experts.

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