Finq.com Commission or Brokerage Charges – Review, Plans, FAQs & more

Know everything about Finq.com Commission on Brokerage Charges.

Founded by Dilna Investments Ltd, Finq.com has been one of the trending companies in the world of online trading now.

They quickly grab the attention of thousands of traders across the globe, especially when the company debuted in 2017.

Over 50+ employees are working for the company today worldwide, and a huge part of it is because of the Commission structure that the company is charging.

Apparently, that is what this article is about – the Commission structure of Finq.com.

There is a lot of information that we will share with you, such as the Commission or Brokerage charges, Commission plans, the way to open an account with Finq.com, and many more. So, strap in.

Finq.com Commission or Brokerage Charges

The brokerage fee structure of Finq.com, just like most modern-day companies, is measured in spreads and commissions, wherever applicable.

There are 7 different classes of assets that the company offers to trade. So, the fees structure is variable depending upon what you are choosing.

Forex is the form of assets they deal with the most, and EURUSD is the most popular currency pair. For this, they charge a static 1.9 pips.

As it is competitive, traders like to be associated with Finq.com.

One more reason that makes Finq.com so famous, is its Zero Commission plan for depositing or withdrawing funds.

On top of that, there are no fees for Commission on trades and Fixed spreads.

Fill up the Form – Open Forex Trading Account Now!

More Related Articles on Forex Commission Charges

Types of Finq.com Commission Plans

There are around 4 different types of Commission Plans that the company is offering to its traders. They are as follows:

Silver Account:

This is the basic account that Finq.com is offering where you can start trading as low as $100.

The Spreads starts from 0.6 pip, which is very competitive itself.

However, there are additional Commissions that you need to pay as well. The leverage is 1:50.

Gold Account:

For this account, you must invest a minimum of $10,000.

The Spreads are lower in comparison – as low as 0.5 pip.

Then again, there are Commissions that you need to pay additionally, while the leverage is 1:100.

Platinum Account:

Here, you must deposit a minimum of $50,000 to begin trading. The added advantage is the Spread fee, which starts from 0.4 pip.

The negative part remains if you need to pay additional Commissions to trade, but the positive is the leverage, which is 1:200.

Exclusive Account:

It is the best kind of account that Finq.com is offering, where trading starts from $100,000.

The Spreads can be as low as 0.3 pip, but there are additional commissions applicable. The leverage is decent – 1:300.

Finq.com Account Opening Process

Here is how you can open an account with Finq.com:

• As we are talking about online trading, it makes sense that the first step to open an account with Finq.com is to visit its official website.
• Once you are in, you will find an option “Start Trading.” Hit that button, and it will begin the process.
• It will take you to a simple registration page where you need to enter your email and a suitable password. Then, click on “Create Account” to proceed.
• After you verify your email, you should complete the eKYC verification. It is simple. All you need is the digital copies of your ID proof, income proof, and address proof. It takes minutes to verify, and then the account is officially ready.
• Next, you need to download and install your preferred trading platform. You can log into your account using the same credential that you have used earlier.
• Then deposit funds with respect to the type of account you have created, and start trading.

Finq.com Payment or Withdrawal Methods

The deposits and withdrawal of funds often create a lot of grievances among the traders and the companies.

That is why Finq.com believes in keeping it smooth and simple for its clients. The modes of deposits and withdrawals are the same and are as follows:

• Debit or Credit Cards.
• Bank Transfers.
• Neteller
• FasaPay
• Skrill

Please note that Finq.com doesn’t charge any commission for depositing or withdrawing funds from the traders.

Check Similar Articles on Forex Commission / Plan Types

Finq.com Investment Assets

Now, it is time to discuss the types of assets that the company is offering. To start with, they are offering Currencies trading as it is their primary service.

They deal with Commodities like energies, metals, and a few more hard and soft commodities. Next, there are the global Indices that you can trade alongside over 30 ETFs.

There are several renowned Cryptocurrencies that you can also fancy – BCH, BTC, ETH, LTC, XRP, DASH.

Finally, you can try out various Bonds that Finq.com also provides. Overall, there are over 2,100 assets in the offering that you can choose from.

Finq.com Commission – Conclusion

Finq.com is one of the most trending financial asset trading companies in the world right now. One of the primary reasons behind that is its low brokerage fees.

The company is also flexible in offering four different kinds of accounts segregated for various types of traders.

You can start trading with as low as $100 with the Silver account, whereas if you fancy an Exclusive account, trading begins from $100,000.

That’s how much variation the company is offering. Another exciting feature that Finq.com delivers is zero commissions when you try to deposit or withdraw funds.

The Spreads can be as low as 0.3 pip, which is fairly reasonable if you compare with other companies. However, not everything is perfect when it comes to fees.

To trade with Finq.com there are additional Commissions on top of the regular Spreads they are charging. That applies to all the accounts they are offering.

Other than that, Finq.com brokerage is something that you can mostly deal with.

Check Articles on Forex Commission & Plans

Finq.com Charges or Fees – FAQs

Here is the list of FAQs related to Finq.com Brokerage Charges or Fees:

Do Finq.com charge commission?

Yes. Commission fees are applicable along with Spreads of the respective assets every time you trade. For better understanding, we suggest you discuss this with the support team.

How much does Finq.com charge brokerage?

As brokerages, Finq.com charges Spreads and Commissions. Now, two factors determine the aggregated brokerage fee. Firstly, it is the type of account that you choose.

The Spreads can be as low as 0.3 pip to 0.6 pip, depending upon the account you select.

The Commissions also vary based on the type of account you own.

The second factor is the class of asset you wish to trade.

Every class of asset has its own set of Spreads and Commissions attached to it.

So, when you combine these two factors, you will get the overall brokerage fee that the company charge. It always makes sense to talk to the support team to know more.

What is the Minimum Deposit required in Finq.com?

It depends on the type of account you choose to open. There are 4 variants – Silver accounts, Gold accounts, Platinum account, and Exclusive account.

Now, it can be as low as $100 and can be as high as $100,000. It entirely depends on which account you own.

How much leverage does Finq.com provide?

Leverages depend on the type of account the trader owns.

There are 4 variants – Silver account, Gold account, Platinum account, and Exclusive account.

It can be a minimum of 1:50 or a maximum of 1:300 for those who own high-range accounts.

How much is Spread at Finq.com?

Spreads that Finq.com charges vary with the classes of assets that the trader chooses.

We would like to suggest that you should consult with the support team or use a brokerage calculator to know how much you need to pay as Spreads.

What type of Commission Plans are available on Finq.com?

Finq.com charges both variable and static Commissions every time you trade.

There are no Commission fees when you try to deposit or withdraw funds.

Other than that, you should check out the particular asset to know how much Commission fee you need to bear.

Do Finq.com provide Cryptocurrency for Investment?

Yes. You can trade Cryptocurrencies on Finq.com. Some of the renowned assets are BCH, BTC, ETH, LTC, XRP, and DASH that you can trade from.

Is Finq.com a legit Forex Broker?

Finq.com is a genuine institution that is being regulated by FSA.

The security aspect is well covered up. The trading platforms are safe to use and have 2-step verification enabled.

So, yes, Finq.com is a legit Forex Broker.

Can I invest in Finq.com for $5?

Sadly, no. The initial investment starts from $100 that you can do by owning a Silver account.

Contact the support team to know more information about the benefits of trading with Finq.com.

Are there any hidden charges available with Finq.com?

No. As of now, there are no hidden charges levied by the company.

However, to clear out any possible miscommunication, we suggest you consult every aspect of trading with their efficient support team.

Fill up the Form – Open Forex Trading Account Now!

Most Read Articles