Overall Rating: ★★☆☆☆ (2.2/5.0)

Finq.com is an offshore forex and CFD broker offering access to over 2,100 financial instruments via the MetaTrader 4 (MT4) and its own web-based trading platform. Operated by Leadcapital Corp Ltd, Finq.com is registered in the Seychelles, but lacks any tier-1 regulation, which significantly reduces its trust level. While it advertises zero commissions, fast execution, and a broad asset range, this Finq.com review highlights its opaque practices, regulatory concerns, and why caution is advised.

Key Features

Finq.com promotes a large product range and bonus-heavy onboarding, catering to new traders in Africa, Asia, and the Middle East.

• Trading Platforms:
  • MetaTrader 4 (MT4) – desktop and mobile
  • Finq WebTrader – browser-based proprietary platform
• Markets Offered:
  • Forex, stocks, indices, ETFs, commodities, and cryptocurrencies
  • 2,100+ instruments available
• Account Types:
  • Silver, Gold, Platinum, and Exclusive – tiered by deposit size
• Leverage:
  • Up to 1:300 for retail clients
• Deposit Methods:
  • Credit/debit cards, bank transfer, Skrill, Neteller

Regulation and Security

Finq.com’s regulatory framework is weak, offering little investor protection.

• Regulated by the Financial Services Authority (FSA) in Seychelles
  • Licence No. SD007
• No regulation from FCA, ASIC, or CySEC
• No negative balance protection for international clients
• No investor compensation scheme
• Lack of third-party fund audits or verified transparency

Pricing and Costs

Finq.com uses a spread-only model with no commissions, but its spreads are significantly wider than ECN brokers.

• Spreads:
  • EUR/USD from 1.9 to 3.0 pips
  • Other assets carry equally wide pricing
• Commission:
  • Zero commission, built into spreads
• Minimum Deposit:
  • $100, but higher tiers require $1,000+
• Deposit & Withdrawal Fees:
  • No deposit fees, but withdrawal charges may apply
• Inactivity Fee:
  • $10/month after 90 days of no trading

Educational Resources and Customer Support

Finq.com offers basic education, with a strong emphasis on sales-driven support.

• Education:
  • Glossary, articles, and a few short videos
  • No in-depth learning or structured courses
• Market Analysis:
  • Daily updates and news articles
• Customer Support:
  • 24/5 live chat, email, and phone support
  • Reports of aggressive account managers pushing deposits

Risk Management Tools

Finq.com provides standard MT4 risk controls, but lacks more advanced protective tools.

• Basic order types:
  • Stop-loss, take-profit, trailing stops
• No guaranteed stop-loss orders (GSLOs)
• Leverage cannot be reduced manually on all accounts
• Lack of margin protection tools or advanced analytics

Pros and Cons

Pros

• 2,100+ trading instruments
• MT4 and proprietary WebTrader
• No commission on trades
• Wide market access including stocks and ETFs
• Multilingual support for emerging markets

Cons

• Offshore regulation only (Seychelles)
• No investor compensation or strong fund protection
• Wider-than-average spreads
• Sales-driven customer support with aggressive upselling
• Limited education and no advanced trading tools

Conclusion: Is Finq.com the Right Choice?

Finq.com may appeal to beginners in under-regulated jurisdictions, but its lack of tier-1 regulation, high spreads, and limited transparency make it unsuitable for serious traders. The broker’s wide asset selection and user-friendly platform are outweighed by the risks of offshore operation, sales-driven practices, and non-competitive pricing.

For a safer trading experience with tighter spreads and stronger regulation, consider Pepperstone, AvaTrade, or Vantage.