Review 2023

/ 5 is #37 in our CFD broker rankings. is an online CFD trading broker offering 2100+ assets on a proprietary WebTrader terminal and MetaTrader 4.


Demo Account

MetaTrader 4

Bonus Offer
MT4, TradingCentral
Shares, forex, commodities, indices, bonds, cryptocurrencies, ETFs
$50 Welcome Bonus
Credit Card, Debit Card, Wire Transfer, Neteller, FasaPay
and 3 more

Forex Trading

Forex trading is offered on 55 pairs, with spreads from 1 pip on standard accounts and from 0.8 pips on the classic ECN account.

Stocks Trading

Trade over 2,000 international stocks plus a selection of popular indices.

CFD Trading offers highly leveraged CFD products on traditional financial markets.

Crypto Trading

Finq offers tight spreads on leading cryptocurrencies with 1:2 leverage.

✓ Pros

  • Up to 1:300 leverage
  • 24/5 customer support
  • 2100+ financial instruments
  • Negative balance protection
  • Free deposits and withdrawals
  • Joining bonuses and loyalty rewards

✗ Cons

  • No MetaTrader 5 platform
  • Limited regulatory oversight
  • Narrow range of trading tools is a multi-asset CFD broker offering trading opportunities on forex, stocks, commodities, indices, cryptocurrencies and more. Trade on the powerful MetaTrader 4 terminal or access the proprietary Finq WebTrader. With tight spreads, a large range of assets, and a minimum deposit of $100, Finq is growing quickly. This review will cover account types, volume bonuses, platform features and more. Find out whether our experts would recommend Finq. Headlines

Finq is a web-based forex and CFD brokerage launched in 2017. Operated by Lead Capital Services Ltd, it is still a relatively new brokerage in the market, but has established itself thanks to its ‘think trading, think Finq’ vision.

A large welcome bonus and a $10,000 free demo account has also made it attractive to beginners. In addition, the online brokerage offers a wide selection of fee-free deposit and withdrawal methods, including Visa, Mastercard, Neteller and Skrill. More than 2100 assets are available to account holders.

Finq has headquarters located in the Seychelles and is regulated by the Seychelles Financial Services Authority (FSA).

Trading Platform

Finq offers two trading platforms to day traders; a proprietary WebTrader and MetaTrader 4 (MT4). The MetaTrader 4 platform is best suited to forex and CFD traders while the WebTrader solution may be a better fit for clients trading equities.

The brand’s web-based platform can be used directly through all major internet browsers. MT4 can be downloaded to Windows and Mac devices or can also be used as a web-based profile. Useful download links are available on the broker’s website. Note, our experts found that it is not possible to trade all instruments through just one platform.

MetaTrader 4

MetaTrader 4 is an established platform developed for trading commodities and FX, among other assets. It is user-friendly and the gold standard in the retail investment industry.

The terminal provides a multilingual interface, 30+ built-in technical indicators, nine timeframes, instant execution, and a comprehensive technical analysis package. It also offers automated trading, with the ability to test strategies using MetaEditor, Strategy Tester and Compiler. trading platform
MetaTrader 4


Alternatively, WebTrader offers advanced tools, with a fully customizable trading suite that doesn’t require any computer software installation. It harnesses cutting-edge web technology to provide top-class functionality.

When using the Finq platform, we came across some interesting tools such as the ‘Events & Trade’ function to pinpoint the movement of instruments from the economic calendar. Overall, the platform is basic but ticks most of the boxes for the average retail trader.

Assets & Markets

Finq offers 2100+ global instruments across seven asset classes: price quotes

Spreads & Commission

The broker offers variable spreads across all assets. When we used the Finq platform we were offered spreads from 0.14 USD on Gold trading, 0.10 pips on EUR/USD and 0.20 pips on GBP/USD, and 1.4 pips on the NASDAQ100 and DAX30.

Accounts will incur a commission fee, including for shares and crypto trading. This is tier-based, with the Silver profile acquiring the highest cost at 0.20%. ECN accounts will also be liable for an $8 per round lot commission fee when trading forex and precious metals. Crypto commissions are 0.50% per side across all accounts.

A monthly inactivity fee of $25 applies to accounts that aren’t used for 90 days or more.

Finq also has an overnight toll, known as a swap fee, for positions held overnight. This won’t affect day traders if positions are closed during market hours.

There are no fees or commissions on deposits or withdrawals, however, third-party charges may apply.

Finq Leverage

As an offshore organization, the broker offers substantial margin trading opportunities due to the limited regulatory restrictions. The maximum leverage offered to day traders is 1:300, though this does vary by asset.

When we used Finq, our experts were offered leverage of 1:200 for indices investments and 1:2 for cryptocurrency trades. The risk increases with higher rates so we would recommend newer traders to stick with lower leverage levels to start with.

Mobile App

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 mobile application. You can download it from the App Store for iOS devices and the Google Play store for Android. The platform has positive user reviews and over 70% of Finq traders currently already use the mobile app.

When we tested the Finq app, we were pleased with the execution speed and fully functioning asset displays. The interface is intuitive with simple navigation features. Day traders can review a ‘trending now’ asset list and utilize various order types such as Take Profit or Stop Loss.

Finq review
Finq Mobile Trading

Additionally, the MT4 mobile app enables retail clients access to the tools, features and functionality found on the desktop terminal. You can check live global pricing, manage your account, open and close positions and view charts while on the go. Similar to the branded WebTrader, user reviews are positive, rated 4.8 out of 5 on the Apple App Store.

Deposits & Withdrawals

It is good to see the broker does not have a deposit or withdrawal fee for any payment method, although third-party charges may apply. Accepted payment methods include; debit/credit cards, bank wire transfers, Neteller, FasaPay and Skrill. You can make withdrawals through the same channel you make deposits.

Processing times vary by method, with bank wire transfers typically taking around two to five working days for funds to clear. E-wallet solutions such as Neteller and Skrill may provide faster deposit times.

The minimum deposit is $100. There is no minimum withdrawal, except for wire transfers, where the minimum is $100.

Finq Demo Account

You can create a demo account with Finq when you first sign up. Users can access $10,000 virtual funds to practise trading risk free. The simulated account currencies you can try are USD, RUB, ZAR, EUR, LKR, INR, CHF.

Traders can also use the introductory wizard, with step-by-step guidance on the trading platforms. You are free to experience the simulated markets in more depth after this.

Bonuses & Deals

Finq offers several promotions:

Regulation & Licensing

Finq is not as strong as some of its competitors in terms of regulation. This is because it only holds a license with the FSA in Seychelles, which is not one of the most reputable regulators. There are no strict rules and criteria that must be met to obtain a license from the organization, which may be a red flag for some investors. And while this should not alone lead you to conclude that is a scam broker, you should be aware that protection may limited vs top-tier regulators such as the FCA or CySEC.

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79% of retail investor accounts lose money when trading with this provider. You should consider whether you can afford to take the high risk of losing your money

Finq Accounts

Finq offers various accounts for different types of traders. The classic account profiles (Silver, Gold and Platinum) are suitable for beginner and intermediate traders to access forex, stocks, indices, ETFs, commodities and bonds. The ECN profiles are best suited for high volume or intermediate traders, that prefer to work with low spreads in a direct-to-market environment.

The broker offers six accounts in total, all of which have:

Silver Account

Gold Account

Platinum Account

Exclusive Account

Classic ECN Account

Pro ECN Account

Finq also offers an Islamic swap-free account for their clients.

It is quick and easy to register for a new profile. To open an account, visit the ‘Start Trading’ link on the top right of each web page. Complete the online application form. The broker requires a proof of identity such as a utility bill or passport.

To close an account, contact the brokerage via their support email address.


Benefits of registering for a account include:


While using Finq, our experts also found several drawbacks:

Additional Features

The broker includes an extensive education section on its site, ideal for both new and experienced day traders. When we used the resources on, we were pleased withe the selection of video lectures and web tutorials, creating a full, comprehensive online academy.

Traders should also be assured of the step-by-step guidance and detailed FAQ section available for the bespoke WebTrader platform. You can also find an economic calendar and weekly CFD expiration dates. broker review
Economic Calendar

Trading Hours

Finq trading hours will vary by instrument. The 2100+ 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 instruments, including cryptocurrency.

Review the published session timetable via the broker’s terminal interface. This is particularly useful to stay up to date with upcoming market closures.

Customer Support

The broker can be contacted via email (, live chat services or WhatsApp. Alternatively, contact Finq via their head office address; Suite 3, Global Village Jivan’s Complex, Mont Fleuri Mahe, Seychelles.

Help is available 24 hours a day, Sunday 5 PM (EST) to Friday 4PM (EST).


When using Finq, we found limited information regarding client security and safety. Nonetheless, the broker does segregate client funds within top-tier banks and the firm operates a negative balance protection system, meaning you cannot lose more than your initial investment. Data transmissions are fully encrypted using SSL Secure.

We did not find any evidence of additional security settings such as two-factor authentication (2FA) when using the Finq platform, however this is offered as standard by MetaTrader. Verdict offers a well-rounded brokerage for investors who wish to trade a diverse range of assets in CFD form through a market-maker execution model. It is particularly useful for individual stocks and shares, plus ETFs. 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 may deter some traders.

Accepted Countries reserves the right and is entitled to at any time, and upon its sole discretion, to restrict offering its services to certain jurisdictions and consider them as banned countries in terms of engagement with the potential clients.

Currently Finq does not accept new clients and/or the opening of new accounts from the following jurisdictions: Australia, Canada, Democratic Republic of Congo, Eritrea, Hong Kong, Israel, Japan, Libyan Arab Jamahiriya, New Zealand, North Cyprus, North Korea, Russia. Singapore, Somalia, Sudan, all USA jurisdictions, all EU Countries. The list of banned countries, is subject to alteration at any time deems proper upon its sole discretion without any prior notice.

Payment Methods Details

Minimum Trade 0.01 lots
Regulated By FSA
Account Types
  • ECN
Islamic Account Yes
Mobile Apps iOS, Android & Windows
Margin Trading Yes
Volatility Index Yes
Spot Trading Yes
Perpetual Swaps No
AI / Machine Learning No
Robo Advisor No
P2P Trading No
Negative Balance Protection Yes
VPS Hosting No
Tournaments No
Demo Competitions No
Managed Accounts No
Market Maker Yes
Auto Trading EAs (MT4)
Social Trading No
Inactivity Fee $25
Guaranteed Stop Loss No
Stock Exchanges
  • CAC 40 Index France
  • DAX GER 40 Index
  • Dow Jones
  • FTSE UK Index
  • Nasdaq
  • S&P 500
  • Coffee
  • Cotton
  • Gold
  • Oil
  • Silver
  • Wheat

CFD Trading Details

FTSE Spread 2.0 pts
GBPUSD Spread 0.20 pips
Oil Spread 3.0 pips
Stocks Spread <0.25%
Leverage 1:300

Forex Trading Details

GBPUSD Spread From 0.2 pips
EURUSD Spread From 0.1 pips
EURGBP Spread From 0.2 pips
Assets 55

Cryptocurrency Trading Details

Crypto Spread From 0.8 pips
Crypto Lending No
Crypto Staking No
Crypto Mining No
Crypto Auto Market Maker No
Crypto Coins
  • BCH
  • BTC
  • DASH
  • ETH
  • LTC
  • XRP


Compare with similar brokers that accept traders from your location. Among available brokers these are the most similar to

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  2. Just2Trade – Just2Trade offer high-tech trading on stocks and options with some of the lowest prices in the industry.
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  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 tight spreads on a cutting edge platform.
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Compare With Similar Brokers IG Group Just2Trade
Rating 3.4 4.4 3.5 4.5
Markets Shares, forex, commodities, indices, bonds, cryptocurrencies, ETFs Forex, ETFs, CFDs, indices, shares, commodities, cryptocurrencies, options, futures, spread betting Stocks, ADRs, ETFs, futures, options, commodities, bonds Forex, CFDs, Stocks, Indices, Commodities, Cryptos, Futures, Options
Demo Account Yes Yes Yes Yes
Minimum Deposit $100 £250 $100 $100
Minimum Trade 0.01 lots 0.1 lots 0.01 $1
Bonus $50 Welcome Bonus Up to $2,000 for professional accounts No
Education No Yes No Yes
Platforms MT4, TradingCentral MT4, AutoChartist, TradingCentral MT4, MT5, TradingCentral MT4, MT5, TradingView, AutoChartist, TradingCentral
Leverage 1:300 1:30 1:5 to 1:20 1:200
Payment Methods 8 6 20 8
Visit Visit Visit Visit
IG Group

Compare Trading Instruments

Compare the markets and instruments offered by and its competitors. Please note, some markets may only be available via CFDs or other derivatives.

Compare Trading Instruments IG Group Just2Trade
CFD Yes Yes Yes Yes
Forex Yes Yes Yes Yes
Stocks Yes Yes Yes Yes
Commodities Yes Yes Yes Yes
Oil Yes Yes Yes Yes
Gold Yes Yes Yes Yes
Copper No Yes No No
Silver Yes Yes Yes Yes
Corn No No No No
Crypto Yes Yes Yes Yes
Futures No Yes Yes Yes
Options No Yes Yes Yes
ETFs Yes Yes Yes No
Bonds Yes Yes Yes No
Warrants No Yes No No
Spreadbetting No Yes No No
Volatility Index Yes Yes No No vs Other Brokers

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Is Finq Regulated? is operated by Lead Capital Services Ltd, which is also the website’s primary payment processor. Lead Capital Services Ltd is working on behalf of its parent business, Leadcapital Corp Ltd, which the Seychelles Financial Services Authority classes as a Securities Dealer.

What Is The Finq Trading Commission For Forex And Metals?

Commission fees for forex and metals trading applies to the ECN accounts only. This is at a cost of $8 per lot. All other accounts can trade these assets commission-free.

Can I Trade On Finq From Qatar?

Yes, the broker offers services in Qatar. View our review for a full list of accepted countries.

Does Finq Have A Professional Investment Account?

Finq offers a Pro ECN and an Exclusive account, ideal for experienced or high-volume investors. However, they are not the same as other brokers’ traditional professional accounts and can be opened retail traders. View the account type section in this review for more details.

Can You Trade Crypto On Finq?

Cryptocurrencies are a subcategory of foreign currencies on the WebTrader platform, with the primary instruments being Bitcoin, Ethereum, Litecoin, and Dash. Spreads vary from 0.8 pips and leverage is available from 1:2.

Can You Still Trade On

Yes, however states 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.

Visit is an online CFD trading broker offering 2100+ assets on a proprietary WebTrader terminal and MetaTrader 4.