Is Finq Scam or Legit Broker?

Finq is not a secure Forex broker (see the list of Best Forex Brokers) since it does not hold a license from any worldwide serious Forex authority. Meaning the broker is suspected of being a fraud company since it was not checked for its compliance before establishment, was never monitored in terms of its safety, and, simply may operate the business in any way it wishes.

  • is operated by Dilna Investments Ltd which is the primary payment provider and website operator. Dilna Investments Ltd is acting on behalf of its mother company, Leadcapital Corp Ltd is regulated as a Securities Dealer by the Seychelles Financial Services Authority.

The point is that Seychelles offers an easy process of financial or investment firm establishment, through a very low list of requirements, small budgets, and what is more crucial with no strict supervision of the brokers’ operation or history. For that reason, offshore zones attract vast non-scrupulous, or shady brokerages such as Hugo’s Way, and Prime XBT that aim to attract clients, grab their funds, and disappear.

About FINQ
🗺️ Registered inSeychelles
🗺️ Type of LicenseOffshore License
🛡️ Is FINQ safe to tradeNo
🗺️ Recommended LicensesFCA in UK 🇬🇧 & ASIC in Australia 🇦🇺
🖥 Alternative BrokerFP Markets - licensed by ASIC in Australia

What is Finq?

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. According to the website, Finq takes no commission and has multi-lingual client support standing by 24/5 to assist account holders. On Finq, they guarantee some of the lowest spreads (Check out lowest spread forex brokers) in the market and zero commission, whilst offering leverage up to 1:300. 

Among the platforms offered by Finq the WebTrader is one of the most up-to-date popular platforms allowing clients to trade over 2,100 assets backed by 90 edit tools, Trending tools, Analysis Recommendation tools and Events & Trade tool. The MT4 platform is also available to Finq traders.

  • However, despite the fact that Finq  atates it is regulated, it is not monitored by any governmental agency, which makes the broker a dangerous place for investing.


Overall Finq Ranking 

With our revelations in regard os Finq security and regulations issues, we do not rank positively Finq, based on our Expert Opinion with over 10 Years of experience in Forex Trading.

  • Finq Overall Ranking is 2 out of 10 based on our testing and compared to 500 other brokers, see Our Ranking below compared to other popular and industry Leading Brokers.
Our Ranking⭐⭐⭐⭐⭐⭐⭐⭐⭐
Is Broker safe? NoYesYes
AdvantagesNoneEducationTrading Environment

Finq Alternative Brokers

As we have found safety issues with Finq here are much better Alternatives to Finq with tight regulations and great trading conditions. We select Good Brokers and trustworthy options for your comparison below: 

Finq in India

Finq has no mention of complying with any Indian regulators on its website.  The broker does not own any license issued by the regulatory body in India. Thus, traders’ investments may be at risk here.(forex trading brokers in india)

Finq in the USA

The United States is one of the countries that is not accepted by Finq. As per the U.S law, brokers regulated by CFTC are the only brokers allowed for the USA traders. So, except for Finq, you are only permitted to trade with the U.S regulated platforms.

Finq Deposits & Withdrawals

The minimum deposit in is $/€/£ 100. The broker offers several payment methods: debit/credit cards, bank transfers, Neteller, FasaPay and Skrill. 


Finq provides its traders with mobile trading through its iOS and Android apps. The traders can trade on the branded Finq WebTrader to access 2,100 assets from the world’s financial markets with free apps for mobile trading. They can view the Traders Trend Bar, see the Trending Now asset list, and use Stop Loss, Take Profit, Entry Limit and Entry Stop as they trade.

  • Most importantly, the broker’s technical team constantly updates its app to give traders the best solution for trading anytime anywhere, so they never have to miss an opportunity to trade.

Demo Account

Finq offers a demo account so you can try the Finq platform with virtual trading before you put down a payment. This FREE demo account comes loaded with $10,000 of virtual money. Demo account is a great opportunity to practice strategies and become familiar with the platform with their demo account option. Also check info on FBS Broker Demo account.

Finq Review Conclusion

In any case, we never advise trading with a non-licensed broker, since the financial investment service they deliver is not trustable. The reason is simple: the broker may promise the most competitive trading conditions or the trading environment, yet the trader has no guarantee from the official entities that oversee the Forex industry. Thus signing with such a broker means risking your money. 

We strongly advise opening a trading account only with the brokers that are regulated by the respected world authorities that comply with the required set of rules and a good reputation through the delivered timeframe of operations. Traders should trade with well-regulated brokers such as UK brokers or Australian Forex Brokers and reliable brokers such as AvaTrade and XM.

  • Overall ranking and experience for Finq is Negative

No news available.

32 responses to “Finq”

  1. I DEPOSITED $2000 WITH FINQ. because they were constantly pressing upon the point that its totally free brokerage in US markets. Only 2% brokerage from profits. they were pressing too hard on trading. but when i told them that i will trade later, and requested my money, there was no response.

    • yesssss and why all you gays dont have an acc on you are alle liaers becauze i have 5 years that im investing whith finq and i dont hape any problem

    • Yes u are right broker allso faurd with me when I add my firs 100$ the broker also ask me that you get $100 bonus but no bonus
      Hi give me & faurd with me

  2. Oh my goodness. You mean this is a scam? I invest 15,500 US Dollars because they insist me to invest and in 1 week they said they will return. Now, I cannot call them. They are not answering my phone. What is the best way to do with them.

  3. Finq is a Fraud company what they say in beginning its totally opposite. Liars.
    Never invest with them. I am asking them to refund my money back still they have not done its been almost 20 days.
    Don’t waste your time and money with them.

  4. is a scam don’t invest any money in the it’s a fully Fraud company . There is any possibility to claim the amount

  5. Finq is a real scam! I lost $5100 and I am unable to get it back anymore unless I will invest more! Can anyone help me. It is really a nightmare.

  6. is a scam don’t invest any money in it’s a fully Fraud company. Recently lost 1700 USD.

  7. Scammer Alert!!!
    They are the biggest scammers in this industry. they advertise saying only $100 to start with, and insists you to put you more money.
    I lost $600 within a week,
    initially gave some good trade position, later push me to open more bad trades and convinced me to deposit more, at last all trade closed because of margin shortage. Account managers worst and they don’t mind they are playing with our hard earned money.
    They used to call every single day 4 times, but since I lost all money they stop calling me. They know how to manipulate your mind.
    Please don’t waste your time and money. You will loose everything.

  8. It’s a day light scam.

    Whenever you search for investment will target the user, They will keep calling you with different numbers and convincing you to invest 100 dollars, They will tell all stories that they are from Luxembourg with Oxford degree in finance to trap you and make you invest money.

    People lose more money every time based on their advisory services. Initially they will give you profitable calls but later they will insist you to pour in more capital. they will make you stuck in bad deals, Your losses would never be recovered, in the event to lose existing capital you need to invest more. But at the end everything is lost based on their calls. There motive is just to loot the clients as much as possible.

    Don’t Even even think of signing in FINQ.COM , would be a big disaster.

    Initially they will call you 4 – 5 times a day, but once you lost all money they stop calling or attending you.
    Please don’t waste money. At the end you are going loose everything.

  9. I thank you all for your comments. They did the same with me. First ask to invest 100$ then you get a call from an advisor. He ask you about your wealth and then force you to invest a huge amount. When I refused to start they told me you have enough, why you don t invest.
    I told them I don t have time just now and then checked the comments in the internet. Since one week they call me every day with different numbers. I only invested 100$ but if there is a possibility to stop them, please let me know because I will support everybody who tries to stop and shutdown this company.

  10. hi all im also victim of FINQ and im just small employee with small salary and invest 100 dollars becasue i was amaze and i want to earn more but i end up losing this money with them which in my part is bg amount. how they can do that to small employee with small salary.
    they dont have heart. That 100 dollars is a big help for medication of my mom. but i end up for nothing.


  12. Requested the funds withdrawal and still not received. Every time I call they say it takes 2 to 3 days but it’s been 2 months. Please don’t fall for them. They call and speak in polished English with different accents but in reality they are just scammers. When you look the employees up on LinkedIn and in Google search you cannot find them. It’s a con, Stay away.

  13. I have paid 600USD and there staff in starting force me to make more 5000USD but I was not setisfy with the service I have submitted withdraw request but they not credited amount in my account apart from that after requesting withdraw amount they removed my all money which I deposited in starting, I was shoked I send support and company people mail reply me call me or reply on mail but unfortunately no one reply there I have spoken with 5 to 6 people Aneesh, arvind, Kuvar, atif, kamal, Rahul they all are only interested to get our money nothing else no responsibility or not good services they do follow up for I do make more deposit and then they do 0 zero my hard money that not right way in trading system need support to do complaint in higher level and stop this kind of breach, and fake services, there office also not real need full investigation on there business they are looting the genuine people.

    • Just reading this comment saved me alot from this people. I was about to deposit my money but told myself that i need to do some research first.

      • OMG! Just finished talking to one of there sale agent a while ago, thank God the debit card transfer didn’t go through. God, what is the world turning into..🤔

  14. PLEASE DO NOT INVEST WITH FINQ. I lost 93k USD – This is the largest unscrupulous underhanded legal scamster co. targeting and exploiting vulnerable people with none or little financial experience or knowledge with the promise of making a bit of extra money on the side.
    The account manager, Andreas (not sure if its his real name) pushed me into placing large, misguided positions, that kept going in the wrong direction forcing me to keep topping up my free margin in the fear of losing what I had already invested.
    Finq will manipulate you by showing you a great day on the market, and when you do finally have funds available to withdraw – they will make sure you never take any of your money out by fearmongering you into believing that if you withdraw any funds you taking a risk. Soon after you try to withdraw funds, and when your saving account has been depleted and you have no more to add to Finq, they will surreptitiously sabotage you with their orchestrated plan so that you lose everything.
    Wish I had read the reviews before I embarked on such a disastrous scheme.

  15. Guys thank you so much for the advise.I just get a call from one of their staff,the number is reading Luxembourg and I told them I will deposit tomorrow but for now all I can say is just appreciate

  16. Finq is a fraudulent CFD broker, everything moves smooth with them like a dream although they call you a lot on a daily basis to enter in to deals, however when you start doing some profits and decide to withdraw some funds, your dream turns in to a nightmare! Your account manager will do his best to make you loose all your money! I lost my funds and when requested to get back my funds they told me my complain takes up 2 months! Beware traders!! Don’t do the same mistake. Choose regulated tier 1 brokers. Not offshore like Finq.

    • I totally agree with everyone here.. Fine is a Fraudulant broker. They always provide false signals. Without proper reasearch and you will keep losing all your money. I lost. 1000usd with these guys.and upon that they asked me to deposit 1000 more. And today evening called me again. And asked me to invest in oil and when I said I have no money left. They asked me to deposit 1000 more. And invest as it is a good time to recover losses. I waited.checking the trend chart all day. I didn’t see any raise. And in the evening there was a huge fall. They don’t do any research. So to all who are planning to do trading with find. Be carefull.

  17. Thank you all guys for your honest reviews. FIQN staff just called me and guided me to do the registration but immediately, I have to do the payment, so I just intuitively back off and said I will call them back. Then, I wanted to investigate their legitimacy, started to search, and found this website. Now, at least I’m enlightened and decided not to go with FINQ. Thank you so much and may God bless us all.

    • Wow I went through the exact same thing, FINQ just called me to tell me about “The Promotion” and how it’s a limited time promotion and you should act now before it’s gone, they also have employees that’ll try to compliment you say stuff like “We chose you because we know that you’re a smart investor” even though I’ve never invested in anything in my life.

      Thankfully I declined because just like I told them, it sounds too good to be true.

      So thank you everyone and I’m sorry for anyone who got scammed.

  18. Hi All,
    Read all your comment and tried investing via, So you all are correct about there adviser. Assigned advisor knows nothing about analysis they just know whether price till rise or fall i.e someone else pulling strings. They are getting this info from some other person(Experienced ones).
    But i tried to withdrawal my amount there is some delay but i got my money back.
    So i can say its not totally fraud

  19. FINQ looked fishy and all the above reviews have re-confirmed it. The guy coaxed me to deposit 100 dollars stating there is a huge amount of money to be made.I told them clearly that i would like to read reviews and then think of investing…am awaitong their call to blast them off…guess they have sensed it and havent called since!

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