Pros
  • Trade more than 2100 instruments from 7 asset classes including bonds and ETFs
  • Traders’ Trend helps investors understand market sentiment
  • Zero commission model with starting deposits as low as $100 (for all assets except CFDs on Stocks)
Cons
  • No MT5 Offered (Only MT4)
  • No EU or American Traders

Reviewed forex broker: Finq

Regulation: Seychelles Financial Services Authority FSA

Established in 2017

Operated by  Dilna Investments Ltd 

Location: Seychelles

Trading instruments: Stocks, Forex, Indices, commodities, Bonds, Crypto, ETFs

USA, Israel clients are not allowed

Segregated accounts for clients funds: yes

Trading Conditions and Features

Traded round the clock on 3 global markets – Asia, Europe and America – forex exchange is the world’s largest market with liquidity of $5.3 billion per day. Currencies are paired up and exchanged at a specific price, it is this price that moves as each currency is effected by world events.

Commissions: Finq takes no commission 

Maximum leverage: up to 1:300

Minimum trade size of 1 micro-lot (0.01 full lots)  

Scalping is not allowed

Hedging is allowed as a single hedge, while multiple hedges in the same trading instrument are not allowed.

Automated trading: available

Charting tools: yes

One click execution: yes

Mobile trading: yes

Account types: Micro, Silver, Gold, Platinum, Exclusive

Demo account: available

Islamic account swap free available

Micro

  • Minimum deposit requirement: $100
  • Desktop and Mobile trading
  • Spreads start from 3 pips on major currency pairs such as EUR/USD
  • 24 hour customer service

Silver

  • Minimum deposit requirement: $1,000
  • Daily analysis and morning review
  • Desktop and mobile trading 
  • Event and Trade
  • Dedicated account manager
  • Spreads start from 1.9 pips on majors

Gold

  • Minimum deposit requirement: $10,000
  • Premium Daily market analysis
  • Desktop and mobile trading
  • Events and trade
  • Dedicated account manager
  • Trading Central

Platinum

  • Minimum deposit requirement $50,000
  • Spreads start from 1.2 on major currency pairs
  • Desktop and Mobile Trading
  • Events and Trade
  • Dedicated Account Manager
  • Premium Daily Analysis
  • Premium customer support
  • Trading central

Exclusive

  • Minimum deposit requirement $100,000
  • Spreads start from 1 on major currency pairs
  • Desktop and Mobile Trading
  • Events and Trade
  • Dedicated Account Manager
  • Premium Daily Analysis
  • Premium customer support
  • Trading central

Crypto on WebTrader available on Weekends

Crypto is a sub section of forex currencies on the WebTrader platform with Bitcoin, Ethereum, Litecoin and Dash being the main instruments. Spreads range from 0.8. USD to 80 USD and leverage from 1:5.

Since 2009, cryptocurrencies have gained traction in the markets. Usually stimulated by investor interest, tech development and accessibility on eWallets, crypto has experienced the highest volatility in the markets of any asset class.  

Trading Platforms

WebTrader is one of the most up-to-date popular platforms giving you an opportunity to trade over 2,100 assets backed by 90 edit tools, Trending tools, Analysis Recommendation tool and Events & Trade tool. These tools are extremely valuable and used every day in strategy creation. The MT4 platform is also available to Finq traders.

Keep mobile trading simple with WebTrader iOS and Android apps

Modern lifestyles motivate mobile trading and now over 70% of our WebTrader clients utilize the mobile app, downloaded for free, for every-day monitoring and trade execution.

Getting WebTrader on your mobile is easy, just enter the app stores, download our app and start trading 2,100 assets with zero commission. You can also test strategies on your Demo account with $10,000 of practice funds.

When we developed the WebTrader app we prioritized speed, deposit and withdrawal requests, plus fully-functioning displays of each asset. You can view the Traders Trend Bar, see the Trending Now asset list, and use Stop Loss, Take Profit, Entry Limit and Entry Stop as you trade.

Most importantly, our technical team constantly update our app to give you the best solution for trading anytime anywhere, so now you never have to miss an opportunity to trade.

Webtrader 

Choose the Finq WebTrader platform to access free analysis tools and 2,100 assets

WebTrader is the ultimate platform designed for quick execution in a fast trading environment. It has everything expected from a bespoke built platform for you to build and control portfolios from 7 asset classes.

You can access over 2,100 financial instruments from global markets – stocks, bonds, commodities, ETFs, forex and indices. With fast execution & features such as Stop loss & Take profit, limit and stop orders, you can control timing & positions 24/7

MetaTrader4 for flexibility, 1-click trading and advanced technical analysis

We offer access to the MetaTrader4 platform as a download with over 370 assets available covering 5 asset classes – global equities, currencies, bonds, indices and commodities.

When you enter the platform, you will see highly visual charts with 3 graphical representations of each asset in 9 different time horizons. You can open multi-tabs and multi-windows to access instruments, and the 1-click trading based on lots, is quick and easy.

The tools list is vast – oscillators direct buy or sell positions, ‘trend following’ tools show price movement, and volume tools indicate the flow of activity from Finq traders. Choose an asset, set your indicators, change the visuals, then save the template for later.

To aid decision making, news and fundamental data are shown on the Finq MT4 platform and don’t forget that our Customer Support and Dealing Desk teams are experts in MT4 and are ready to assist.

Payment Options for Deposits an Withdrawals

Minimum deposit requirement $100

All major credit cards, e-wallets, local payment methods and wire transfers are accepted for deposits. Finq charges no commission or fees on deposits and withdrawals. When you withdraw, the broker returns all funds through the same method used to deposit. 

Available payment methods include credit cards, debit cards, bank transfer, Neteller, FasaPay, Globe Pay and Skrill

Educational Material

Finq aims to deliver a comprehensive approach to trading by providing all levels of education and tools to assist in analysis and risk management, and with additional training on the features of WebTrader and MetaTrader4.

Customer Support

Finq support and dealing desk teams are highly trained experts in the field and receive constant training so they are ready to answer all queries. The Finq multi-lingual customer service is on call 24/5 and clients can contact the team or account manager through email, telephone or live chat.

How was the rating of Finq performed compared to other brokers? 

This 2024 Forex Broker Review  has been conducted though thorough research and assessment of rating and ranking among almost 300 international forex brokers. The final grade is given based on Finq FX broker performance and features. 

Overall our online Finq review was conducted with the details obtained from the demo trading and the forex brokers website. If you would like to add details to this online Finq or you find inaccurate details Finq Capital broker review please get in touch with us and the changes will be applied. 

Finq Details

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