The key thing in your comment is that you trusted whoever it was you talked to. You need to be more careful with your money and only trade with money you are prepared to lose. So if there is risk why do the account manager force to invest more than the risking amount manageable by the customers.
It does however offer a good selection of tradable assets, account types and trading platforms. The broker makes its money via the spread, as it does not charge commission on most of its trading products. Finq.com offers a more than decent selection of tradable assets. Needless to say, most of these are traded through CFDs – traders will obviously not be required to take possession of barrels of oil or even actual cryptocurrencies.
The Web Trader is a download-free solution, which offers surprisingly potent analysis tools and execution speeds. Limit and stop orders can be used through the web trader, and traders have access to the full range of tradable assets offered by the broker.
It does not support cryptocurrency trading in any form, not even through CFDs. Please note that these are the minimum spreads advertised by the broker.
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they should be in the limits of the capabilities of the client and not force them to deposit and to give them wrong information on the trade. They made us open some deals in the opposite direction of the market and said it will drop. he made us hedge and left us hanging and we lost every thing. The relatively wide spreads are compensated by the fact that the broker does not charge commissions in any shape or form. Finq.com may not possess the best reputation and its regulatory background leaves room for improvement too.
Finq.com is an online foreign exchange broker that offers access to 55 currency pairs and 100+ CFD’s on precious metals, commodities, indices, bonds, and the cryptocurrency Bitcoin. If one chooses to trade from the WebTrader platform instead of MT4, then ETF’s and 2,000+ stocks would also be available as well. The broker offers five commission-free accounts with spreads from 1-3 pips. Traders would want to make the largest deposit possible in order to access better spreads, but the broker does accept a low $100 initial deposit for their Micro account type.
Overnight rollover fees are charged 3x on Wednesdays in order to account for the upcoming weekend. Both platforms can be accessed through mobile trading on iOS and Android devices or downloaded on PC and Mac. If you’re interested in further specifics, you should know that MT4 offers one-click trading and advanced technical analysis. You can open multiple tabs and windows to access instruments and the platform provides news and fundamental analysis to aid in decision making. WebTrader is designed for quick execution with its primary advantage being access to the 2,100+ instrument options. No commissions would be charged on any of the accounts that Finq.com supports. The broker uses the spread exclusively to generate revenues.
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The Stocks section of the broker is probably the most populous one. The tradable stocks are listed by country, so finding your preferred one should be a cinch. The AppTrade platforms are essentially WebTrader versions for Android and iOS-based devices. The Silver Account makes quite a jump minimum deposit-wise, from the $100 featured by the Micro Account. If you want to open a Silver Account, you need to deposit at least $1,000. According to the official Finq.com website, the core values of the brokerage include regulatory transparency. In this regard, the activities of the broker are governed by the regulatory requirements of the FSA of Seychelles.
LCP is the company currently listed as the owner of the brand in the documents we have received from the broker. The reason why Finq.com may not be as new as its resume lets on, is that it is the possible re-incarnation of an older brokerage.
Those that can afford to make a larger deposit would have access to the most competitive spreads. Accounts offer access to the same instruments, but the chosen trading platform will affect exactly which instruments can be traded. All accounts feature a dedicated account manager, excluding the Micro account. Gold, Platinum, and Exclusive members receive premium daily analysis and access to trading central.
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Traders get a break with Finq.com to trade a wide range of instruments that mostly wrapped as CFDs, offering over two thousand tradable instruments. The corporate background of this brokerage has nothing to do with any of those entities, though. Though Finq.com is a new brokerage, whereas its roots reach back way further than that; apparently, it involved with ForexYard.com and Safecap Investments Ltd as well as leads Capital Markets for a while. I will suggest to go with other professional broker instead of this one. FINQ seems to be quite professional and practical and so far I’m sattisfied with the platform apart from some very minor glitches and delays which will hopefully be resolved soon.
It harnesses cutting-edge web technologies to provide secure access to your account. 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 Finq.com through either one of those platforms on its own. Traders in Russia welcome Finq.com Facts & Figures Finq.com offer a great all round service with trading on 2100+ assets and immediate bonus offers.
They have a whole range of stocks, coms & indices to chose from and professional service is offered. They made us open some deals in the opposite direction of the market and said it will drop, however, the market went opposite.
Energy options include Heating Oil, Oil, Brent Oil, and Natural Gas. Traders would also have the ability to trade Bitcoin from the MetaTrader 4 platform . Scalping is not allowed and there is a requirement that states each trade must be opened for at least 2 minutes. A single hedge is possible, but the broker does not allow multiple hedges on the same trading instrument. There is no mention of maximum trade sizes/open number of positions. The broker does mention that a margin call/stop out level is enforced. Between 74-89% of retail investor accounts lose money when trading CFDs.
Ajinkya is handling the account & earned 2245 USD in 4 days. starting i started with 500 USD , and I received promotion for gold account and I invested 5000 USD. We can provide you the ARN code of the transaction, please feel free to contact us for further issues at We suggest that you check this matter with your bank in case you don’t see the sum reflected in your account. After checking your issue, we see in our data that the requested withdrawal was sent to your Mastercard in February. I am asking them to refund my money back still they have not done its been almost 20 days. All contents on this site is for informational purposes only and does not constitute financial advice.
While technically, they are factual, it takes a $100k deposit to gain access to them. The Exclusive Account is at the very top of the account-type pops. Requiring a minimum deposit of $100,000, this one is a sort of VIP option. Needless to say, this account type is all-access and it features by far the best spreads. This one is no longer what one would call “accessible”. Interestingly, for that sort of money, the Platinum Account only offers premium customer support, in addition to what the Gold Account provides.
Withdrawals also bare third-party charges, which are not specified. Unfortunately, Finq.com isn’t entirely transparent about withdrawal costs.
Now im reading all the stories of the people who was attacked by finq.com and i notes now mentioned that he could withdraw any thing from his account. According to the About page of the broker’s website, Finq.com is committed to educating its users, with extra training provided on the use of the MT4 platform. That said, this intention has thus far failed to yield any palpable results. Spreads can vary and the broker reserves the right to widen them at its absolute discretion. Make sure you understand exactly what this entails for the asset you want to trade. Bonds and ETFs offer further exposure to entire market segments, under advantageous trading conditions. As far as additional tools are concerned, the broker is rather stingy.
- It does not seem to be currently regulated in any major financial jurisdiction.
- Launched in 2017, Finq.com is not just a relatively new online FX/CFD broker , it is also a very peculiar operation.
- Finq brokers are not experienced and they keep you losing and give you wrong positions so you will lose tour money.
- The team only there to ask people to invest, they will give you two trades correct.
In order to start trading with Finq, you have to deposit at least 100 USD. We have scanned fees that Finq charges when trading popular currency pairs, here is their breakdown in pips. Established in 2009, 247 Moneybox offers short term loans up to £800 within the UK. Do not open an account with RjjFX before reading this review. Do not open an account with 10markets before reading this review.
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You want peace of mind that your trading funds are segregated, and held safely and securely. Choosing aForex broker,CFD provideroronline share broker can be a daunting task. This is made ever more complex by the overwhelming amount of information provided on some brokerage firm web sites. However, on the flip-side, there are also brokerage web sites that lack full transparency and/or key information necessary for a trader to make an informed decision. Below are a list of comparison factors, some will be more important to you than others but all are worth considering. Details on all these elements for each brand can be found in the individual reviews. The website’s disclaimer lists the European Union, United States, or any other country where it would be against local law or regulation as being part of their restricted jurisdictions.