Finq Review 2023

Is Finq reliable? Regulation and ınvestor protection, account types...
7/10 (Expert Score)
Product is rated as #24 in category Forex Brokers

Finq provides trading in CFDs by offering tried and tested reliable platforms for web and mobile with over 2100 assets, stocks, commodities, forex, ETFs, indices, and bonds. With the promise to offer the lowest spreads in the market, whilst offering leverage up to 1:300.

This updated Finq review 2023 will show the recent and most updated information found by the broker in which it has multi-lingual client support standing by 24/5 to give assistance to account holders.

For a newly-launched broker, I can say that this number is relatively high. Because the parents’ company Leadcapital Markets Ltd. is serving in the forex industry for a long time. Another well-known broker,, is the brand of this company.

Therefore, Leacapital Markets Ltd, a parent company, is not a beginner in the forex industry. This is the reason behind that such rapid growth in such a short time.

7Expert Score

I reviewed Finq based on the following criteria.

  • Rich product portfolio with 1200 assets
  • Part of an international group
  • Registered offshore

Finq’s most important feature is the variety of trading instruments it offers. You can trade for more than 1200 assets after opening an account with Finq. This is a really big number. This should be one of the reasons behind the growth in a short time. The assets that the company offers trading services include FX pairs, commodities, bonds, ETFs, stocks and cryptocurrencies.

Is Finq scam or legit? What are the account types and spreads offered by the broker? What are the deposit and withdrawal methods? You can find answers to these questions in this Finq review. If you have any questions in your mind or if you have any problems with Finq, you can write in the comments section below. Let’s look closely together now.



This part of the Finq review will review the most important criteria to be checked before opening any account with any forex broker in the market. Finq is applying new levels of security when it comes to trader and funds protection as no compromise is allowed, the broker claims. Being a regulated broker, Finq maintains a high level of capitalization, transparency and reporting. as the client’s funds are segregated from the broker’s own operational funds and kept safely in Tier 1 banks.

The broker is take trader protection issues quite seriously which was something to possess safety when dealing with Finq. They implement some of the most modern protocols for funds protection. As well as they use DDOS attack prevention, and Secure Socket Layer encryption in order to protect their assets and clients’ data.

This review showed the services provided and monitored by Leadcapital Corp Ltd. Leadcapital Corp Ltd is authorised and regulated by the Seychelles Financial Services Authority (“FSA”) and incorporated in Seychelles with registration no. 8413415-1.

As for regulation, Finq is a bit weaker than its competitors. Because the broker only has one license from a regulator: the FSA in Seychelles. This regulator is not very reputable. Because obtaining a license from this regulator is not a difficult process.

There are no strict policies and rules imposed by the regulator. This is why investors are most worried about this. But this situation does not mean that Finq is a scam broker. The best way to understand this is to view user comments on the internet and test the broker without making a high deposit at first.

Reputable brokers such as FCA and CySEC have fairly strict rules. To obtain a license from these regulators, brokers have to provide very difficult conditions. Brokers are required to keep a high amount of money in their bank account as minimum net capital.

There is also a requirement that this account must be kept separate from the client funds and the company’s operational accounts. Thus, the company has proven its financial strength. Regulators such as FCA or CySEC, therefore, offer compensation as further protection for clients’ funds, if the company goes bankrupt.

However, the FSA in Seychelles does not have similarly strict rules or protection guarantees.

Account Types, Spreads, Leverage, and Minimum Deposit

Finq Account Types

There are 6 different account types offered at Finq, 2 of which are in the ECN account types category. This section of the Finq review will break down the account types in detail with all the criteria and features included in each of them. These accounts are:

The Silver account: with $100 as a minimum deposit and spreads the range of 1.9 pips for the forex pairs and differed according to the traded instrument used. The silver account provides daily analysis in addition to 24 hrs customer service as well as desktop and mobile trading with events and trade options.

The Gold account: where the minimum deposit here goes as high as $10.000 which might be a bit too much for new brokers in the market. The spread in the gold account is 1.4 pips for forex pairs and again changes with the traded tool used. This account offers more features than the silver account including a dedicated account manager, premium daily analysis and trading central are all supplied to the traders of the Gold account.

The Platinum account: the spread range here reaches 1.0 pips with a minimum deposit of $50.000 which is a high level in comparison to the average of the market and so high minimum deposit accounts normally target expert traders. There is no commission added to the Platinum account transactions on forex and metals and an extra feature is added to this account type -in addition to having all the features like the ones covered for the silver and gold accounts- which is having a premium customer support as an option when trading with the Platinum account.

The Exclusive account: this account type is having $100.000 as a minimum deposit and I doubt any new forex trader would join such an account with such a high minimum deposit since it’s a big risk especially if they’re just newbies in the market. The spreads here are 0.8 pips for forex pairs and no commission is added on transactions made within the exclusive account. All the features covered in the previous account types are all present in this account too.

There is no commission added to the transactions happening in the Silver, Gold, Platinum and exclusive accounts for the forex and metal trading.

The Classic ECN Account: here we have a minimum deposit of $1000 with 0.8 pips for spreads covered with this account. Premium daily analysis, trading central and premium customer support are absent features from this account type, however, daily analysis, 24 hrs customer service, desktop and mobile trading with events and trade options and a dedicated account manager are the present features when trading with this account. A commission is added of $8 per lot for transactions within the classic ECN account.

The Pro ECN Account: the minimum deposit for this account is $50.000 with the missing features in the classic ECN account being fulfilled in the Pro ECN account like premium daily analysis, trading central and premium customer support. The spreads here are 0.15 pips for the forex pairs and there is a commission added of $8 per lot.

The ECN accounts are best suited for high-volume or intermediate traders, that prefer to work with low spreads in an ECN-like environment. Prime accounts offer competitive conditions and a good selection of trading tools, to fulfil a trader’s needs.

In addition, the option to open a demo account for free is present with which represents a risk-free option for trials and errors in addition to a test area where new beginners in forex can test their knowledge, and expert traders can test out new trading techniques without having to risk real funds in the trial phase.

The default leverage offered by Finq is 1:200, however, the broker gives you the chance to choose the desired leverage from rations 1:50, 1:100 or 1:300. The leverage ratio changes based on the chosen investment tool. So when trading with forex will give you a specific leverage amount than when you trade with bonds, indices or even shares.

Trading Platforms

Finq Trading Platforms

Finq sustains the popularity of the forex market’s most in-demand platform which is the MT4. In this Finq review section, I’ll show you all the platforms in detail and their features of them.

Since MT4 is offered it presents highly visual charts with 3 graphical representations of each asset in 9 different time horizons all features that can be found in MT4. Multi-tabs and multi-windows can be opened to access instruments plus easy and quick access to the 1-click trading based on lots.

The tools included in the MT4 platform include:

  • Oscillators direct buy or sell positions
  • “Trend following” tools show price movement
  •  Volume tools to indicate the flow of activity
  • News and fundamental data are shown
  • Customer support
  • Dealing desk teams

MT4 can be downloaded on mac and windows systems in addition to android and IOS mobile phone systems. Yet it might a bit of a hassle for some traders who are always on the move or don’t want to get any app, and for those traders I say, no need to worry since Finq is providing the MT4 WebTrader which can be used anywhere and from any browser without the need to download any app.

Trading Instruments

Finq Trading Instruments

This review provides different types of trading tools as the broker is well aware of how important it is for traders to supply their trading portfolios with various tools to minimize the risk and diversify the trading accounts.

Forex: you can trade with majors, minors, and exotic pairs when trading forex with Finq. With 55+ forex pairs available for trade, you can trade forex on 2 platforms whilst engaging in powerful tools like Events & Trade to pinpoint market movement.

Stocks: with over 1000 stocks available for trade, they represent a good means for traders to profit from going long and short positions in addition to the possibility to trade in the world’s biggest stocks of the biggest brands like Apple, Facebook, Nokia, Tesla and more. with leverage offered at 1:20 and spreads as low as 0.005 Eurocents.

Indices: Nasdaq, S&P 500, USA500, Germany 30, UK 100 and more are examples of the major indices you can trade with when opening a real account with Finq. Competitive trading conditions offer leverage up to 1:200 and spreads as low as 0.10 USD.

Cryptocurrencies: Now you can trade cryptocurrencies with Finq after the great jump and advancement the cryptos are making in the financial markets as they’re the most favourable tools to trade these days. The most famous and known cryptocurrencies to trade like Bitcoin, Ethereum, Litecoin and Dash, are the main cryptos to use as well as the possibility of trading them on the web trader too. spreads start from 0.8-80 USD and leverage is offered at 1:2 on trading cryptocurrencies CFDs.

Commodities: energies, precious metals and agricultural products are all types of commodities you can trade. Oil, Natural gas, Gold, Silver, Wheat, Coffee, Soybean, Cotton and more are examples of all the commodities to be traded commission-free with Finq.

Bonds: related to the economic growth of any country, you can trade bonds on web trader and MT4 24 hours, 5 days a week. 5 of the most well-known sterling, yen, euro & dollar bonds, all available as CFDs. Gilt10Y, TBOND30, GER10YBond and more are examples of the available bonds.

EFTs: providing volatile conditions for CFD traders, while the broker is supplying leverage up to 1:100 and tight spreads of 0.02 USD. low margins and zero commissions are also possible when you trade EFTs with Finq. 39 available EFTs to include commodities, bonds, metals, and stocks. ACWI, AGQ, DBC, DEM and more are examples of the present EFTs.

Customer Service

Customer Service

Throughout this section of Finq review, I’ll show you the characteristics of the support and help offered by the broker with regard to customer service. The support and dealing desk teams are highly trained experts in the field and receive constant training so they are ready to answer all queries. Through this part of 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.

The website is available in, Indonesian, Russian, Thai, Vietnamese, Albanian Urdu, and Arabic, with additional languages Malaysian, English, Chinese Spanish, and Tagalog.

Finq has also a live chat option, in addition to the chance to contact them via WhatsApp to get in touch in a fast and efficient way. You can email them on the support team mail provided on the website,

Payment Methods

Deposit and Withdrawal Methods at Finq

There are different ways to deposit and withdraw funds from your account in case of trading with a real account with Finq. And this part of Finq review will explain in detail the channels of funding and withdrawal you can use.

All major credit cards, e-wallets, local payment methods and wire transfers are accepted for deposits. There are no fees or commissions added to deposit transactions. When you withdraw, all funds are returned through the same method used to deposit. No commission or fees are applied to withdrawals.

Credit/ Debit cards like Visa, Mastercard, Maestro and Visa electron cards are available for deposit and withdrawal. Which is the fastest way to fund and withdraw the accounts.

E-wallets like Neteller, Skrill, Fasapay and Globepay are available for both funding and withdrawals.

Cryptocurrencies deposits and withdrawals are absent here which is a fast funding method at other brokers.


Conclusion of This Finq review 2023

Via this Finq review, I’m sure now some of the questions wandering our minds have found their answers.

As I have mentioned the license obtained by the broker is from the FSA in Seychelles with the promise to keep all clients’ funds segregated in a top bank of the world and separated from the operational funds of the broker itself.

On top of that, this Finq review illustrated a good deal of different types of trading accounts offered by Finq that provide great variety to trades so they can choose the best option for them that matches their trading style. The maximum leverage offered by the broker of 1:300 and a minimum deposit of $100 is allowing the chance to trade with competitive spreads and trading features.

There’s only one option for a trading platform variety, which I find to be a bit tricky as other brokers in the forex market provide at least 2 or more platforms for traders to choose what they like.

Different types of trading instruments are offered which provide a good chance for better profits, hedging and portfolio diversification for clients and making a profit on the rise and fall of prices. As well as different channels of funding and withdrawals to the real accounts yet it’s not as many as other brokers in the market.

Multilingual customer service, efficient and expert in supporting clients whenever needed.

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Hello to everyone. Forexbrokerslab is my personal blog where I compare reliable forex brokers. I’ve been in forex trading since 2009 and I’m still learning. I have traded with the most popular forex brokers, including the most unknown ones in any regulation and many different account types. So I think I have enough knowledge to compare brokers. You can learn about forex brokers by reviewing my blog.


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