Review 2021

Stop United States not accepted.

Go to the Brokers List for alternatives Facts & Figures offer a great all round service with trading on 2100+ assets and immediate bonus offers. Up to $4000 in Deposit Bonuses.

InstrumentsCFD, Forex, Crypto, Stocks
Demo AccountYes
Min. Deposit$100
Min. Trade0.01 Lots
Regulated ByFSA
MetaTrader 4Yes
MetaTrader 5No
STP AccountNo
ECN AccountNo
DMA AccountNo
Mobile AppsiOS, Android and Windows
Auto TradingNo
Social TradingNo
Copy TradingNo
Trade SignalsNo
Islamic AccountNo
FTSE Spread2 pts
GBPUSD SpreadFrom 1 pip
Oil Spread5 pips
Stocks Spread<0.25%

Forex trading is offered on 55 pairs, with spreads from just 1 pip on the Exclusive Account.

GBPUSD SpreadFrom 1 pip
EURUSD SpreadFrom 1 pip
EURGBP SpreadFrom 1 pip

Finq offer some really tight Crypto spread on the leading cryptocurrencies, plus 1:2 leverage

SpreadBTC 0.2%, ETH 2.5%
Risk Warning – Your capital is at risk are a new broker, offering CFD and Forex trading via an advanced trading platform and app. Offering tights spreads, a large range of assets and a minimum deposit of $100, Finq are growing quickly, particularly in India, Australia and South Africa. They offer a range of account types, and a trading volume bonus. Read on to find out more…

Company Details is a web-based Forex and CFD brokerage launched in 2017. Its headquarters are in the Seychelles, and the broker is regulated by the Seychelles Financial Services Authority.

The platform offers users the opportunity to trade a diverse selection of instruments primarily wrapped as CFDs, with over 2,000 tradeable instruments and almost as many individual shares in a number of leading global markets.

Additionally, allows you to trade in 60+ Forex currency pairs, an unusually large selection of commodities and 23 major international equity indices.

Trading Platform

The MetaTrader 4 platform is best suited to Forex and CFD traders, and the WebTrader platform will be a better fit for clients who wish to trade equities. It is not possible to trade every instrument on offer at through either one of those platforms on its own.

MetaTrader 4 is an independent platform developed for trading commodities, FX and other products. It is advanced and user-friendly and is the gold standard among trading platforms.

It provides a multilingual interface, built-in help guides, instant execution and a comprehensive technical analysis package. It even offers automated trading, with the ability to test automated strategies using MetaEditor, Strategy Tester and Compiler.

Alternatively, WebTrader functions as an advanced, fully customisable trading suite that doesn’t require the installation of any computer software. It harnesses cutting-edge web technologies to provide secure access to your account.

It features independent spreads that are frequently lower than other platforms and incorporates some interesting tools like the ‘Events & Trade’ function to pinpoint the movement of instruments from the economic calendar.

finq-com trading platform


An impressive range of assets can be traded on, particularly with regards to individual shares. Close to 2,000 shares can be traded, primarily the ones quoted on leading global exchanges like the UK, USA and Germany.

Users have the opportunity to trade Forex, Commodities, Indices, Bonds and ETFs in addition to individual equities.

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NinjaTrader offer Traders Futures and Forex trading. Use Auto-trade algorithmic strategies and configure your own trading platform, and trade at the lowest costs.

Spreads & Commission

The broker offers fixed spreads in every type of account, and spreads are 1.9 pips on EURUSD. These are low and hugely competitive spreads. There are no fees or commission on deposits or withdrawals.

Finq-com forex


The leverage offered by the broker varies from 1:50 up to a maximum of 1:300, depending on your experience level. Of course, with the potential for such high leverage, the risk is also high.

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, has a polished and user-friendly app. You can download it from the app store on iOS devices and the Google Play store on Android. You will find that the platform has a lot of good user reviews on both stores.

Payment Methods

It is simple and secure to deposit funds into your account.

Both deposits and withdrawals can be made via a few different methods, including debit/credit cards, bank transfers, Neteller, FasaPay and Skrill. In general, you will make withdrawals through the same channel you make your deposits through. do not add any additional charges on top of the fees that some of those payment processors will issue.

finq-com indices

Demo Account

You can create a demo account with Finq when you first sign up, giving you access to a $10,000 virtual money simulation after entering the initial signup details.

The account currencies you can try are USD, RUB and ZAR, after which there are several other steps to immerse yourself further in the demo. This is what the introductory wizard walks you through, after which you are free to experience the simulated markets in more depth.

Deals and Promotions

Among the deals and promotions, there is a 25% deposit bonus and a ‘refer a friend’ bonus. You can also potentially secure a volume-based bonus that depends upon the volume of trades taken, and favoured clients may be rewarded with discretionary bonuses.

Regulation and Licensing

In terms of regulation, Finq is not as strong as some of its competitors. This is because it only holds a licence from the FSA in Seychelles, which is not one of the more reputable regulators.

There are not strict rules and criteria that must be met to obtain a licence from them, and this is a red flag for many investors.

In itself, this should not lead you to conclude that is a scam broker, but you should be aware that the company may not have proven its financial strength as well as one that is licensed by FCA or CySEC.

Additional Features includes an extensive education section on its site, which includes around 40 video lectures that cover important trading topics. There is a particularly useful tutorial on using the MetaTrader 4 platform. You can also find an economic calendar, a roundup of the market outlook published every day, and a substantial FAQ section for the WebTrader platform.

Account Types does try to ensure there is an account variation for different types of trader.


The basic account requires a $100 minimum deposit and opens up both the web and mobile trading platforms


The next account is the ‘Classic’ one, which includes all the ‘Basic’ features but requires a minimum investment of $1,000. For this larger deposit, you improved spreads, a dedicated account manager and a daily review.

Gold, Platinum and Exclusive Accounts

With a ‘Gold’ account, you get everything the ‘Classic’ account offers with premium daily analysis thrown in. Plus Premium analysis and access to Trading Central. The Minimum deposit is $5000.

The platinum and Exclusive accounts require $50,000 and $100,000 respectively. The additional benefits of each level are even tighter – Exclusive account holders see spreads from 1 pip.

Finq-com account type


The strengths of this broker are quite clear:


The downside of may be enough to put many investors off signing up for an account:

Finq-com commodities

Trading Hours

The 2,000+ assets span 24/5 to accommodate the trading hours of the relevant global exchanges and markets. There is also weekend trading on a number of assets to ensure trading is entirely at your convenience.

Contact Details/Customer Support

Customer support is available via telephone and email only but can be accessed during market hours Monday to Friday. Support is available in English. Contact details can be easily found on the website.

Safety and Security employs extra security with client funds kept separately in top global banks. All payment methods ensure deposit and withdrawal processes are handled via reliable, vetted third parties. All personal data is kept safe and confidential at all times.

Overall Verdict offers a well-rounded, professional brokerage for traders who wish to trade a diverse range of assets in CFD form through a fast market-maker execution model.

It is particularly useful for individual stocks and shares and ETFs. may be particularly attractive for clients with a relatively small deposit size wishing to take advantage of market maker execution and trading diverse individual stocks and shares on a model that only uses spreads.

However, users should proceed with caution as the broker’s financial credentials are not regulated by the most reliable of authorities. This means there is an element of risk that will be prohibitive for some traders.

Can I trade From…? say the following “We do not establish accounts to residents of certain jurisdictions including the European Union, United States or any particular country or jurisdiction where such distribution or use would be contrary to local law or regulation.

Accepted Countries accepts traders from Thailand, South Africa, Singapore, Hong Kong, India, United Arab Emirates, Kuwait, Luxembourg, Qatar and most other countries.

Traders can not use from United Kingdom, Germany, France, Norway, Sweden, Italy, Denmark, Belgium, United States, Canada, Australia, Saudi Arabia.

Alternatives to

If you are looking for alternatives to we have compiled a list of the top 5 brokers that are similar to below. This list of brokers like is in order of similarity and only includes companies that accept traders from your location.

  1. EagleFX – EagleFX is a popular trading broker offering forex, stocks, cryptos & commodities.
  2. Rockfort Markets – Rockfort Markets is a New Zealand broker with a competitive range of assets, trading platforms and market conditions.
  3. – boast a global reputation. Regulated in the UK, EU, US and Canada they offer a huge range of markets, not just forex, and offer very tight spreads and a cutting edge platform.
  4. Exinity – Exinity provides flexible low-cost trading in FX, commodities, indices and equities alongside unique education and support provided by teams located across the world. Now operating in the Middle East, through regulation from the Financial Services Regulatory Authority in Abu Dhabi and the Financial Services Commission of Mauritius, Exinity provides a range of services to traders and investors looking for new opportunities in the financial markets.
  5. ZuluTrade – Zulutrade provide multiple automation and copy trading options across forex, indices, stocks, cryptocurrency and commodities markets offer a great all round service with trading on 2100+ assets and immediate bonus offers. Up to $4000 in Deposit Bonuses. vs Other Brokers

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