FINQ Review

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Should You Invest in FINQ?


Name: FINQ

Description: Should You Invest in FINQ?

Platform Price: 0.0

Platform Category: Trading Platform

Author: Jeffrey Taylor


One thing you should keep in mind when dealing with a broker is that they cannot mislead a client. However, some brokers do not adhere to the rules. Here is everything you should know about FINQ.


This website and its publications are not a source of formal financial or professional guidance. The perspectives shared here are grounded exclusively on the author’s viewpoint, investigations, and personal encounters, and must not be regarded as definitive facts. The writer is not a certified financial consultant and does not hold any relevant credentials in this field. It is strongly advised to seek advice from a proficient financial consultant before pursuing any investment activities, as the details delineated on this platform are broad and may not cater to personal requirements or situations.


One thing you should keep in mind when dealing with a broker is that they cannot mislead a client. A rational framework must be in place to assist clients and determine what must be done to operate in their favor. However, some brokers do not adhere to the rules. They create their own rules, which is bad for investors and traders. FINQ is one of these careless brokerage companies.

What Is FINQ?

Essentially, FINQ offers tried-and-true, dependable platforms for web and mobile trading with over 2100 assets, including equities, commodities, currencies, ETFs, indices, and bonds. The website claims that FINQ doesn’t charge a commission and has multilingual client service available around-the-clock to help account holders. FINQ offers leverage up to 1:300 and guarantees some of the lowest spreads in the industry.

One of the most recent and well-liked platforms provided by FINQ is the WebTrader, which offers customers the chance to trade more than 2,100 assets supported by 90 edit tools, an Analysis Recommendation tool, Trending tools, and an Events & Trade tool. FINQ can also use the MT4 platform.

Is FINQ Regulated?

Due to FINQ’s status as an offshore business, trading with it is not safe. Dilna Investments Ltd, the main payment processor and website operator, runs The Seychelles Financial Services Authority regulates Dilna Investments Ltd as a Securities Dealer on behalf of its parent firm, Leadcapital Corp Ltd.

Essentially, the idea is that Seychelles offers a simple process for establishing a financial or investing organization, with a modest budget, few regulations, and most importantly, no tight supervision of the brokers’ operations or histories. Because of this, offshore financial centers are visited by large, dishonest, or questionable brokerages with the intention of luring customers, stealing their money, and vanishing like Hugo’s Way and Prime XBT.

FINQ in India

On its website, FINQ makes no mention of adhering to any Indian regulators. The broker is not in possession of any licenses issued by the Indian regulatory agency. Investments made by traders may thus be at risk. 

FINQ in the USA

One of the nations that FINQ does not accept is the United States. According to American law, CFTC-regulated brokers are the only brokers that are permitted for traders in the USA. You can only trade using platforms that are regulated in the United States, except for FINQ.

Deposits & Withdrawals

Although third-party fees might be involved, it is reassuring to observe that the broker does not impose a deposit or withdrawal fee for any payment method. Debit/credit cards, bank wire transfers, Neteller, FasaPay, and Skrill are all acceptable payment options. Through the same method as deposits, withdrawals are also possible.

Depending on the method, processing timeframes might take anywhere from two to five business days for bank wire transfers to settle. E-wallet options like Skrill and Neteller might offer quicker deposit times.

The minimum deposit is $100. The broker accepts several payment options, including the ones already mentioned above.


Using its iOS and Android apps, FINQ offers its traders mobile trading. With free mobile trading apps, users can access 2,100 assets from global financial markets by trading on the FINQ WebTrader brand. They can use Stop Loss, Take Profit, Entry Limit, and Entry Stop during trading, as well as monitor the Traders Trend Bar and the list of assets that are now trending. The broker’s technological team constantly upgrades its software to give traders the best trading solution wherever they are, ensuring that they never miss a trading opportunity.

Demo Account

Before you make a deposit, FINQ offers a demo account that allows you to test the platform with virtual trading. $10,000 in fake money is loaded into this demo account, which is free. Demo accounts are a terrific way to test out techniques and get comfortable with the platform.

Trading Platform 

FINQ provides day traders with two trading platforms: a custom WebTrader and MetaTrader 4. (MT4). The WebTrader solution might be a better fit for clients that trade stocks, whilst the MetaTrader 4 platform is best suited for FX and CFD traders.

All popular internet browsers can be used directly to access the brand’s web-based platform. MT4 can be used as a web-based profile or downloaded to computers running Windows and Mac. There are helpful download links on the broker’s website. Note that, according to our specialists, trading all instruments cannot be done on a single platform.

FINQ broker’s website is slow. People find it to be excessively time-consuming. Suppose if a trader wants to place a bid urgently, but the website is not in compliance with the time; losses are waiting to happen.

As a result, traders would leave if such an incident occurred. FINQ, however, does not worry about being fined because it is a rogue broker.

FINQ Leverage

Due to the few legal limitations, the broker, an offshore company, provides significant margin trading chances. The most leverage available to day traders is 1:300, though this varies depending on the asset.

When we used FINQ, our specialists were given a leverage of 1:2 for cryptocurrency trades and 1:200 for investments in indices. Since the danger rises with higher rates, we advise beginning traders to stick with lower leverage levels.

Regulation & Licensing

In terms of regulation, FINQ is not as powerful as some of its rivals. This is due to the fact that it only has a license from the FSA in Seychelles, a regulator with a questionable reputation. As for some investors, the fact that there are no rigid requirements that must be fulfilled to receive a license from the organization may raise a warning signal.

However, you should be aware that protection may be restricted compared to top-tier regulators like the FCA or CySEC. This should be enough to convince you that is a shady broker.

Additional Features

The broker’s website has a rich education section that is perfect for both beginning and seasoned day traders. When clients used’s resources, they were happy with the variety of online tutorials and video lectures that were available, which did help them build a complete and thorough online academy.

Additionally, traders should be confident in the comprehensive FAQ section and step-by-step instructions offered for the customized WebTrader platform. An economic calendar and weekly CFD expiration dates are also available.

According to claims, the FINQ broker has been providing services for a while, and considering that, it should have updated and modified a wide range of features. It hasn’t, however, made such effort. While the rest of the globe is using the latest platform, it is stuck on MetaTrader4. Such ignorance is harmful and not pleasant; it is the result of a lack of awareness or an inverted motive.

Users lose out on opportunities because there aren’t enough business ideas, and the top platforms, like MT5, aren’t included. It demonstrates how diligently FINQ works to benefit traders.

Investors have sometimes paid a high price for a lack of sympathy and understanding of a situation. However, the existence of incredible platforms can keep you afloat in those circumstances.

FINQ, unfortunately, does not have this choice, leaving its customers without recourse.


Users found little information about client security and safety when using FINQ. However, the broker does separate customer funds in reputable institutions, and the company has a negative balance protection system, meaning you can only lose as much as your initial investment. Using SSL Secure, all data transmissions are completely encrypted.

When using the FINQ platform, users did not see any indication of any additional security settings, like two-factor authentication (2FA), even though MetaTrader comes with this feature by default.


In any case, as the financial investment services non-licensed brokers provide are unreliable, we don’t recommend investing with them. The reason is straightforward: although the broker may offer the most favorable trading conditions or environment, the trader has no assurance from the official bodies in charge of overseeing the Forex market. 

As a result, trading with such a corporation has a high level of risk because the trader will rely solely on the broker’s statements.

We strongly advise only opening a trading account with brokers who are governed by reputable international agencies, who adhere to the necessary set of standards, and who have a good track record through the provided time frame of operations. Traders should only transact with reputable, well-regulated firms like AvaTrade and and the UK or Australian Forex Brokers.

BWCEvent aspires to share balanced and credible details on cryptocurrency, finance, trading, and stocks. Yet, we refrain from giving financial suggestions, urging users to engage in personal research and meticulous verification.