Finq Trading Platform – Review, Top Features, Set-up Process, Benefits & more
Last Updated Date: Nov 17, 2022Check out all details about Finq Trading Platform here. We will discuss about Finq Metatrader4 here.
Trading platforms, nowadays, are a very essential part of trading assets and stay good in the long run.
Most traders take a look at the trading platform with the most curious about how well the company designed the platforms. Finq is a reputed online broker that offers robust trading platforms.
So, we will take a look at all the features, essential functions, their pros and cons, and many more in this article today.
Meanwhile, we will only discuss the desktop version of the trading platforms that Finq is offering here today.
Alongside that, we will also do an FAQ session to let you explain the service in detail.
About Finq Trading Platform
Finq is offering a robust desktop-based trading platform – MetaTrader4.
With Finq WebTrader, you can access more than 2100 financial assets from leading stock exchanges in the world.
On top of that, the platform offers free market analysis tools for your better understanding.
You can trade from stocks, bonds, and commodities to ETFs, forex, and indices.
The platform also offers Stop Loss and Take Profit features, and controlling the timing and position is also one of their prime USPs.
Now, let us learn more about the features they are offering here.
Get Free Access to Platform – Open a Forex Account Now!
Find Trading Platform of other Forex Brokers
Finq Trading Platform – Top Features
The most important feature available in the MetaTrader4 (MT4) is the user-friendly nature of the platform.
As a trader, what you want is all the features to be available at your fingertips.
MT4 offers the right blend of technology and robust functions in a way that you can trade with ease.
Then, once you are happy with the price point, you can place an order without breaking a sweat.
Charts for Analysis
Chart analysis helps a trader to find out the momentum of an asset and let them determine the best time to trade.
Therefore, it makes sense to build the best features for the trader to reap benefits.
MT4 offers some of the most practical charts by which you can analyze any particular asset over a certain period.
There are over 30 built-in indicators that you can seek help from, and on top of that, you can try over 2000 free custom indicators.
Of course, you can always use the paid indicators; there are 700 of them to choose from.
That is not all; you can check out 24 analytical objects like lines, channels, the Gann and Fibonacci tools, shapes, and of course, arrows to make precise analytical assessments.
Orders
One of the main reasons Finq works with MT4 is because the traders can place complex orders using various parameters.
You can combine an order using different types of market, pending and stop-loss orders.
Of course, you can also use trailing stop-loss if in case of high market volatility.
You can place orders in Instant mode, or Request mode. There is also the Market mode to minimize the risk factor.
Every trader has their own strategies and MT4 provides the facility to them.
Reporting Tools
Any trading platform can only be efficient if there are adequate reporting tools.
Now, if you are confused; the job of any reporting tool is to collect a piece of relevant data and notify the trader at a prompt time.
MT4 is packed with such options that you can always rely on.
There is a dedicated Alarm Manager for prompt market notifications, and then there is the Correlation Matrix to provide insight into any trading instrument.
Then there is Excel RTD to get real-time reports, and there is the Tick Chart Trader to create charts for a limited timeframe.
Likewise, there are loads of reporting tools available in the MT4 that you can seek help from.
How to Set up Finq Trading Terminal?
MT4 is a seamless trading platform which is available both in the Windows and Mac version.
Now, here are the steps to install and activate MT4 in your respective computers:
- The first thing is to download the setup file for your respective PC versions. For that, go to the official site of Finq and from the Platforms tab you must select either ‘MT4’ or “MT4 FOR MAC.”
- Then install it on your respective computers. In Mac, you need to simply extract it in a folder, while you need to run the .exe file and properly install the application.
- Once the app is installed, you need to acquire the credential to log into the terminal. You can do that by joining Finq and getting hold of the login details. After that, you should change the password, and start trading.
Find Different Trading Platform of Forex Brokers
How to Use the Finq MetaTrader4?
To use the Finq MT4 trading platform, follow these simple steps:
- Go to https://www.finq.com/en/live-registration. Fill out your details and click on “Create Account.”
- The next step involves completing your KYC verification where the Finq executives will ask you to upload the necessary documents to verify your identity.
- Once done, you will get an email containing the login credentials of your Demat and Trading accounts. Along with that, you will get the login details to log into the MT4 trading platform.
- Once you are logged in, you can start trading.
Advantages of Finq MT4 Trading Terminal
Here are some recognizable advantages of using the Finq MT4 Trading platform:
- With this app, you can trade more than 2100 instruments from any worldwide exchanges.
- There are 7 types of asset classes available to trade, which includes bonds and ETFs.
- A ton of Reporting tools and charts to help you perform seamless trading.
- You can practice trading using the Demo account with virtual money in it to spend. It will help the newbies to understand how trading works without taking any risk.
- The trading platform is available for both Windows and Mac users.
Check out the Online Trading Platform of FOREX Brokers
Finq Trading Platform – Conclusion
It is safe to say the Finq have chosen a great working partner as they are offering MT4 as the desktop trading terminal.
It is user-friendly and available for both Windows and Mac users.
Therefore, the trading platform is one of the main USPs of the company and something that you should keep an eye on.
Finq Web Trading Platform – FAQs
Here are the few FAQs related to the Finq Web Trading platform:
What is Finq Trading Platform called?
Finq is offering a wide variety of trading platforms available to all forms of users.
Now, the Trading Terminal, which is a desktop application, is called the MetaTrader 4 (MT4).
It is available both in Windows, and there is a dedicated Mac version app called MT4 for Mac.
Does Finq Trading Platform provide Web Trading?
Yes, on top of the Desktop versions available for both Windows and Mac users, Finq also offers a web-based trading platform, which they call Webtrader.
You can do everything that an MT4 or a Mobile app can do for a trader.
Is Finq Web Trading Platform Free to use?
The desktop trading terminal or the MT4 is free to use.
All you need is to download the respective versions, whether you are a Windows or a Mac user.
Install it and you can use it for free.
However, if you discontinue your membership with Finq, you won’t be able to use MT4.
How to download Finq Trading Terminal?
The easiest way to download the setup file using MT4 is to first, go to https://www.finq.com/ and select ‘MT4’ from the Platforms menu.
If you are a Mac user, click on “MT4 for Mac” from the same menu. Once you are on the page, you will see options to download the setup file accordingly.
What features does Finq Online Trading Platform have?
Finq is offering MT4 as a desktop application. You can log in on this trading platform and trade online. It is also available for Mac users.
Now, there is also a dedicated web-browser-based platform called Webtrader which works the same as MT4.
Of course, there are mobile apps available for both Android and iOS users. Every trading platform allows you to trade online.
All the necessary features for placing an order are available on all the platforms, there are reporting tools and loads of charts to make seamless trading possible online.
Can I trade in Shares via Finq Trading Platform?
Of course, this facility is available to use.
Is Finq Trading Terminal good?
Finq is a smart company as it works in conjunction with MetaTrader 4 (MT4).
It is a robust 3rd-party application whose sole purpose is to provide seamless trading experiences.
All the features, reporting tools, and analyzing tools are designed to serve a trader irrespective of his or her trading experience. So, it is definitely worth a shot!
Can Finq Web Trading Platform be used without EKYC?
After you successfully open an account with Finq, you must complete the EKYC to use any trading platforms associated with the company.
This is to ensure trust among all the traders and the company.
Does Finq MetaTrader4 provide Tips?
Yes, the advisory tools are designed to provide necessary tips to the trader, especially if you are new in this business.
How to Buy Currencies via Finq Trading Platform?
There are several currency pairs that you can choose to trade.
The reporting tools can fetch you all the necessary information before you feel the confidence to place an order.
Get Free Access to Platform – Open a Forex Account Now!
Most Read Articles