About Finq
Company Overview
Finq is an online broker offering CFD and forex trading services. According to available records, the company was founded on 13 March 2019 and is registered in Seychelles under the legal name Leadcapital Corp Ltd. The broker operates through its website Finq.com, with dilna investments ltd acting as the main payment provider and operator on behalf of the parent company.
Finq positions itself as a provider of trading services to retail and institutional clients globally. The broker emphasizes educational support and personal account management as key differentiators.
Regulation and Licensing
Finq holds two regulatory licenses: one from the Cyprus Securities and Exchange Commission (CYSEC) under license number 227/14, and another from the Seychelles Financial Services Authority (FSA) under registration number SD007. The CYSEC license allows the broker to operate as a Market Maker in Cyprus, while the FSA license covers derivatives trading.
It is important to note that the Seychelles FSA is not considered a major regulator in the financial industry. The presence of a CYSEC license provides a degree of oversight within the European Economic Area, but the overall regulatory framework of Finq is offshore-based.
Account Types
Finq offers six account tiers catering to different deposit levels and trading preferences. The SILVER account requires a minimum deposit of $100 and offers spreads from Gold 0.6, EUR/USD 1.9, USD/JPY 1.9. The GOLD account starts at $10,000 with tighter spreads. PLATINUM and EXCLUSIVE accounts require $50,000 and $100,000 respectively, and feature even narrower spreads.
For traders seeking direct market access, Finq provides CLASSIC ECN (from $1,000) and PRO ECN (from $50,000) accounts. These accounts carry a commission of $8 per lot but offer the lowest spreads, such as EUR/USD 0.15 on the PRO ECN. The maximum leverage is not disclosed in the available data.
Trading Platforms and Instruments
The specific trading platform offered by Finq is not named in the provided information. However, the broker describes it as simple yet powerful, with instant execution, advanced charts, and indicators. The platform is available for both desktop and mobile devices.
Regarding tradable instruments, Finq does not publicly list all available assets. Based on account type information, it appears that instruments include forex majors (EUR/USD, USD/JPY, GBP/USD), gold, stock indices (DJ 30, DAX 30, NASDAQ 100), and crude oil. The full range of instruments is not disclosed.
Deposits and Withdrawals
Finq's deposit and withdrawal methods are not specified in the available data. The broker claims that transactions are smooth and trustable, but concrete details such as accepted payment methods, processing times, and fees are absent. Traders are advised to check the broker's website directly for the most current information on funding options.
Withdrawal-related complaints are noted in user reviews, with some users reporting successful withdrawals but others encountering delays or account restrictions.
Target Audience
Finq appears to target both novice and experienced traders. The broker's emphasis on personal account managers and educational sessions suggests a focus on beginners who require guidance. The high minimum deposit for the EXCLUSIVE account indicates an attempt to attract high-net-worth individuals.
However, the offshore regulation and the volume of negative user feedback regarding scam practices mean that Finq is best suited to traders who are willing to accept significant counterparty risk.
Overview compiled by FXCanary from regulatory records and public data. full Finq review