
New Finq.com broker review – 2021 Update
Finq.com is a new broker, which provides CFD and Forex trading across an innovative trading platform and application. Offering tight spreads, a wide range of assets and a $100 minimum deposit, Finq is growing rapidly, particularly in India, Australia and South Africa. They offer a number of styles of account, and a bonus trading rate.
Company Details
Finq.com is an online brokerage of Forex and CFD, founded in 2017. Its headquarters are in Seychelles, and the broker is governed by the Authority for Financial Services of Seychelles.
The platform provides users with the ability to trade a diverse range of instruments predominantly wrapped as CFDs, with over 2,000 tradeable resources and nearly as many individual shares in a variety of leading world markets.
In addition, Finq.com lets you trade in 60 + Forex currency pairs, an exceptionally broad product list and 23 major foreign stock indices.
Trading Platform
The MetaTrader 4 platform is best suited for Forex and CFD traders and the WebTrader platform will be better suited to customers wishing to trade equities. Every instrument on offer at Finq.com can not be traded on its own via either of those platforms.
MetaTrader 4 is an independent website built for commodity trading, FX, and other products. It is advanced and user-friendly and is the gold standard among platforms for trading.
It offers a multilingual interface, streamlined support manuals, instant execution and a robust set of technical analytics. This also provides automated trading, with the ability to use MetaEditor, Strategy Tester and Compiler to test automated strategies.
In addition, WebTrader acts as a completely customizable, advanced trading package that does not need any computer program installation. It harnesses state-of-the-art web technologies to ensure safe access to your account.
It features individual spreads that are often lower than other websites and integrates some interesting resources such as the ‘Events & Trade’ method to recognize the movement of economic calendar instruments.

Finq.com review: Trader dashboards
Assets/Markets
An impressive asset portfolio can be traded on, especially in respect of individual shares. Nearly 2,000 shares can be exchanged, mostly those quoted on leading global exchanges such as the UK, USA and Germany.
In addition to individual equities, consumers have the ability to trade in Forex, Commodities, Indices, Shares, and ETFs.
Spreads & Commission
The broker provides fixed spreads in all account forms, and spreads on EURUSD are 1.9 pips. Those are small spreads and are highly profitable. Deposit or withdrawal fees or commissions do not apply.
Leverage
The leverage the broker offers varies from 1:50 to a maximum of 1:300, depending on your level of experience. The risk is also high with the potential for such high leverage.
Mobile Apps
If you aren’t able to sit in front of a computer for hours every day, and your schedule involves long commutes or time outside the office, Finq.com has a polished and user-friendly app. You can download it from the iOS apps app store, and from the Android Google Play store. You’ll find that both stores have loads of strong customer feedback on the website.
Payment Methods
Depositing funds into your Finq.com account is easy, and safe.
Both deposits and withdrawals can be made through a variety of different methods including debit/credit cards, bank transfers, Neteller, FasaPay, and Skrill. In general, withdrawals will be made through the same mechanism in which you make your deposits.
Finq.com will not add any extra fees in addition to the fees any of those payment providers would charge.
Demo Account
Once you first sign up, you will build a trial account with Finq, which will give you access to a simulation of $10,000 virtual money after entering the initial signup information.
The account currencies you can use are USD, RUB and ZAR, after which there are some additional steps to further immerse yourself in the tutorial. That is what you are going through with the introductory wizard, after which you are free to explore the virtual markets in greater detail.
Deals and Promotions
There is a 25 percent deposit bonus and a ‘refer a buddy’ bonus among the offers and promos. Also, you can theoretically earn a price-based incentive that depends on the number of trades done, and preferred customers will obtain discretionary bonuses.
Regulation and Licensing
Finq is not as regulated as some of its rivals. It is because it has an FSA license from Seychelles and is not one of the most regarded regulators.
There are no strict guidelines and conditions that must be followed to get a license from them, and for many investors, this is a red flag.
It does not in itself cause you to dwell over the fact that Finq.com is a scam broker, but you should be mindful that the firm may not have proved its financial strength to FCA or CySEC as well.
Other Features
Finq.com has a detailed section of education on its website, which features about 40 video lectures addressing important topics in trade. A guide on using the MetaTrader 4 platform is especially useful. You will also find an economic calendar, regularly released rundown of the market outlook and a detailed FAQ section for the WebTrader website.
Account Types
Finq.com seeks to ensure that there is a difference in account for different forms of trader.
Basic
The basic account will require a minimum deposit of $100 and will open both the web and mobile trading platforms.
Classic
The next account is a classic option that contains all the basic account features but needs a minimum of $1,000 in investment. You’ve improved spreads, a dedicated account manager and a regular analysis for the larger deposit.
Gold, Platinum and Exclusive Accounts
For a ‘Silver’ account, you get all that the ‘Classic’ account provides along with prime daily research. Plus more studies are available, and a look into Central Trading. The minimum deposit is $5000.
Platinum and Exclusive accounts need $50,000 and $100,000. Each level’s bonus benefits are even smaller – Exclusive account holders see spreads from 1 pip.

Finq.com review: Account Types
Benefits
This broker’s strengths are clear:
- Accessible, user-friendly broker with good support and education for traders of all kinds.
- Outstanding market coverage, with a huge range of options to choose from.
- Impressive trading conditions on many of the supported asset classes, with low spreads and high leverage.
Drawbacks
Finq.com’s downside may suffice to keep many investors off signing up for an account:
- There is the issue of reputation of the brokerage’s precursors and licensing in the Seychelles, so be careful.
- Because of the regulation status, the availability of Finq.com is limited.
Trading Hours
The + 2,000 assets span 24/5 to match the relevant global exchanges and markets’ trading hours. A variety of securities are often exchanged on weekends to ensure trading is fully at your convenience.
Contact Details/Customer Support
Customer service is only accessible by phone and email, but can be reached during Monday to Friday market hours. Help is given in English. Contact information can be found conveniently on the website.
Security And Safety
Finq.com employs additional security, with customer funds kept separately in top global banks. Both methods of payment ensure that processes for deposit and withdrawal are managed through secure, vetted third parties. All personal data are still kept safe and confidential.
Overall Verdict
Finq.com provides a well-rounded, skilled brokerage for traders wishing to trade a variety of assets in CFD form via a quick execution platform for market makers.
It is particularly useful for individual stocks and shareholdings and ETFs. Finq.com can be especially good for clients with a fairly limited deposit size who want to take advantage of execution by market makers and trade different individual shares and stocks on a platform that uses only spreads.
Users should nevertheless proceed cautiously as the financial reputation of the broker is not regulated by the most reliable names in the industry. This points to a risk factor to certain traders that will be prohibitive.
Where Can I Trade From?
Finq.com says they do not maintain accounts for residents of some areas, such as the EU, the USA or others where that kind of distribution would be contradictory to local regulations and laws
Accepted Countries
Finq.com welcomes traders from the United Arab Emirates, Thailand, South Africa, Singapore, Hong Kong, India, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.
Traders are unable to use Finq.com from UK, Germany, France, Norway, Sweden, Italy, Denmark, Belgium, the USA, Canada, and Australia.