Who is FINQ?

Finq.com is operated by Dilna Investments Ltd which is the primary payment provider and website operator.

How do I deposit money into FINQ?

How can I deposit or withdraw from my account? Navigate to My account section at the top right corner. Select Deposit if you want to deposit funds and Withdraw if you want to cash out. Your account must be fully verified before submitting a withdraw request.

What is CFD Trading?

A contract for differences (CFD) is a financial contract that pays the differences in the settlement price between the open and closing trades. CFDs essentially allow investors to trade the direction of securities over the very short-term and are especially popular in FX and commodities products.

Why is CFD illegal?

Part of the reason that CFDs are illegal in the U.S. is that they are an over-the-counter (OTC) product, which means that they don’t pass through regulated exchanges. Using leverage also allows for the possibility of larger losses and is a concern for regulators.

Is CFD a gamble?

CFDs are similar to spread betting in that you can bet on stock price movements without having to actually own the shares. The key difference is that spread betting is considered a form of gambling, so is free from capital gains tax and stamp duty, but CFDs are only free from stamp duty.

What is finq and how does it work?

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, bonds. According to the website, Finq takes no commission and has multi-lingual client support standing by 24/5 to give assistance for account holders.

Is finq safe to trade with?

Finq IS AN OFFSHORE BROKER. YOUR MONEY IS NOT SAFE. Diversify! We recommend you to open trading accounts with at least two brokers. Finq offers one basic and 2 premium account types. We’ll focus on the basic one, the Classic account.

How much Commission does finq take?

According to the website, Finq takes no commission and has multi-lingual client support standing by 24/5 to give assistance for account holders. On Finq, they guarantee some of the lowest spreads in the market and zero commission, whilst offering leverage up to 1:300.

What are finfinq’s bonuses?

Finq offers various bonuses: a welcome bonus of $25, available for each new client who undergoes verification, a First-Time Deposit bonus, Retention Bonuses (which are based on a percentage on clients’ total deposits) and Pending Bonus, available when a trader reaches given amount of points in a predefined period of time.