Finq Broker Review

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US Traders
MetaTrader 4, WebTrader
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Those who know a thing or two about, know too well that the above question is indeed the most burning one in regards to this broker. Why is that the case? Simple: the new brokerage is linked to an operator with a not-too-savory reputation in the realm of online trading. If it turns out that it is nothing more than a new front for the same operation, then not much good can be expected of it. If it is an attempt to shed the dubious ways of the past though, then the situation is obviously different.

Given that the brokerage is barely a year old, it is rather difficult to tell which way it will tip at this point.

Some user review portals out there attribute tons of feedback to the brokerage, though it is clear that almost all of that feedback is aimed at and Safecap Investments – its parent company. In regards to, there’s not really much out there in terms of trader feedback for now.

What is the corporate background of the brokerage though? To be frank about it, it is a little murky as it is right now and it does indeed show some links to Leadcapital Markets Ltd, another less-than-spotless actor. These links are rather tenuous though and not fully relevant.

The actual company that’s currently pushing the brand is Dilna Investments Ltd, which is a subsidiary of Leadcapital Corp Ltd. While Leadcapital Corp is indeed a sister operation to Leadcapital Markets Ltd., it does not make use of the latter’s CySEC license. Instead, it operates under a license (#SD007), issued by the FSA of the Seychelles.

What that means in terms of market presence by the broker, is that it does not peddle its services to anyone within the EU, the US and Canada, among scores of other jurisdictions. In fact,’s “roaming grounds” are restricted to but a handful of Asian countries.

Considering all the above, and assuming that you are indeed located in a jurisdiction from which the broker accepts traders, why would you want to make a real money deposit with it?

First of all, is obviously focused on accessibility. On its Basic account, the minimum required deposit is just $100 – easily within the reach of anyone looking to give trading a go.

It is also a fact however that $100 a solid balance does not make. To address that issue, the broker offers deposit bonuses, which are meant as balance-boosters. The terms and conditions attached to these bonuses may be tricky though, so we recommend that traders read through them thoroughly before accepting the deal.

The market coverage of the broker is without a doubt quite superb. More than 1,200 assets can be traded and they include some of the newest and most exciting tradable assets: cryptocurrencies.

The execution speeds offered by the broker are outstanding, and a slew of free analysis tools are offered. Trading Platforms

In regards to trading platforms, the broker certainly did not go overboard, but it did not need to. It still managed to cover all possible needs on the part of its traders. The Web Trader is a surprisingly potent trading platform, allowing users to access and control tradable assets from 7 asset-classes. The entire selection of 1,200 tradable assets can be accessed through this platform, which features surprisingly potent technical analysis tools.

Even the most “extreme” of asset-classes, cryptos, can be traded through the Web Trader. The platform comes with independent spreads, which are indeed sometimes better than the spreads featured on other platforms, making the using of this platform a very interesting proposition indeed.

The Analyst Recommendations feature of the platform offers stock-forecasts, and there is an economic calendar available as well.

The mobile versions of the platform are just as capable. Available for Android- as well as iOS-based devices, they have racked up some very promising scores in the Play Store as well as the App Store.

The Demo account has been made available for mobile too, so traders can now use some $10,000 in virtual funds to play around with the platform and the tradable assets. A full asset-selection is available through mobile too.

With all the qualities of the above-described platforms, MT4 remains the flagship platform of the brokerage. It features superb flexibility and the environment that it makes is a fully customizable one. Not only can traders create their very own chart templates and save them, they have scores of preinstalled technical indicators at their disposal and they are free to install new ones. Through the platform, those skilled-enough get to create their own technical indicators from scratch. The same goes for more advanced trading tools, such as custom scripts and expert advisors.

Whether’s MT4 version supports EAs or not, is a bit of an open question though.

That said, MT4 still dazzles through the multitude of order types it supports and through the “one-click trading off the charts” feature it also has covered.

MT4 covers some 5 asset classes, totaling 370 tradable assets. Account Types

The broker supports 4 account types, of which the most accessible one (the Basic) features a minimum deposit requirement of just $100.

For that money, traders gain access to a daily analysis segment, as well as to mobile and desktop trading, not to mention the full range of tradable assets – depending on the platform. 24h customer service is also included in what can be described as a “beginner package”. Interestingly, the broker does not mention anything about the trading conditions attached to the account type, leading us to believe that they may indeed be the same across all account-types.

The Classic Account features a minimum deposit requirement of $1,000. In addition to what the Basic Account has to offer, this one throws access to daily webinars and seminars into the mix too, together with a dedicated account manager. The services of such account managers are often of dubious quality – to say the least – so caution should be exercised in this regard.

The Gold Account throws everything onto the table – except premium support. The minimum required deposit for this one is $5,000, which isn’t exactly accessible to all comers. In addition to what the Classic account offers though, the Gold one features premium daily market analysis.

The top account-type tier is the Platinum Account. Featuring a minimum deposit requirement of $25,000, this one is really the pick of professional traders. What’s peculiar about this account though is the fact that it only offers premium customer support in addition to what the Gold Account offers and that’s at least a little questionable, given the massive price-difference.


Though we’d have to say that the jury is still out on this one, from a technical perspective, is shaping up as a decent trading destination. It has decent trading platforms, a great market coverage and its trading conditions (detailed on the assets page of the official website) are quite decent as well.

On the downside, given its current regulatory status, the reach of the brokerage is severely limited. Its past reputation-baggage is also likely to hurt the operation for a while.

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