Finq Review


Finq Review

Details

Broker Finq.com
Website URL www.finq.com
Founded 2017
Headquarters Suite 3, Global Village Jivan’s Complex, Mont Fleuri Mahe, Seychelles
Support Number +35722008069
Support Types phone , email , live chat
Languages 10 languages supported
Trading Platform Webtrader | AppTrade | MT4 | MT4 Webtrader | Mt4 for Mac
Minimum 1st Deposit $100
Minimum Account Size $100
Minimum Trade Amount 0.01
Maximum Trade Amount depending on the instrument
Bonus $50 No deposit bonus
Leverage 1:200
Spread fixed | floating
Free Demo Account Open Demo
Regulated Yes
Fees Yes
Account Types micro , silver , gold , platinum , exclusive
Deposit Methods Neteller , Skrill , credit/debit card , bank transfer
Withdrawal Methods Neteller , Skrill , credit/debit card , bank transfer
Number of Assets 2100+
Types of Assets stocks, forex, indices, commodities, bonds, cryptocurrencies, ETFs
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes
Overall Score
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Introduction

Finq.com is an online brokerage company operated by Dilna Investments Ltd. At the present time, it offers trading services for stocks forex, indices, commodities, bonds, ETFs, and cryptocurrencies. It has a wide range of trading platforms with a few variations of the MT4, multiple account types, and access to educational resources.

This is a company that does not accept customers from the European Union, the United States, being mainly focused on the Asian and Middle East markets. In terms of cryptocurrency trading, Bitcoin Cash, Bitcoin, Dash, Ethereum, Litecoin, and Ripple are currently available at finq.com. Clients can use a 1:2 leverage and the spreads are generally in line with the competition. You can trade LTC with a $1.5 spread, and Bitcoin with a $90 spread.

Trading Platforms

The main platform of finq.com is a proprietary web-based solution which offers access to all 2,100 trading assets. Designed for quick execution in a fast trading environment, the company claims the WebTrader has everything a trader needs to build and control portfolios from 7 asset classes. Although it does not have extraordinary features, clients will have to use it if they want to get access to all instruments available. It is also available for Android and iOS devices.

Finq.com has support for the popular MT4, which comes in three different versions: MT4 for desktop, MT4 WebTrader, and MT4 for Mac. It comes with all the widely-known features, as this platform is the standard in the industry. Unfortunately, clients who use it will get access to only 370 assets that cover 5 asset classes: global equities, currencies, bonds, indices, and commodities. If you want to trade cryptocurrencies, you’ll need to use the WebTrader.

Account Types

One of the main advantages of finq.com is that any person can open a micro account with as little as $100. The pack of features is limited, however, and spreads are relatively high (3 pips on EURUSD, 2 pips on DAX 30). A silver account requires a $1000 deposit, and other than lower spreads, clients get access to daily analysis and an account manager, among other features.

Minimum deposits increase for gold, platinum, and exclusive accounts, but so do the features. Spreads are much lower and access to Trading Central, premium support center, premium daily analysis, plus others are ensured.

Promotions

According to the information available on their website, finq.com offers a $50 welcome bonus for new customers. There is also a deposit bonus which can be as high as 30%. For more information, you should read carefully the terms and conditions, as well as the detailed table on the broker’s page. There are conditions which you need to meet in order to have the bonus unlocked and available for withdrawal.

Education

On finq.com’s website, you also find free educational material related to forex, technical analysis, price indicators, tutorials on how to use MT4 and others. Unfortunately, there is no video or material related to cryptocurrency trading. However, if you want to use the same methods for crypto trading, technical principles, as well as price indicators, could be used with the most liquid cryptocurrencies, currently supported by finq.com.