Finq (Finq.com) is a brutal Forex broker scam that shows no mercy to investors. According to the website, Finq trades commodities, shares, forex, and indices with financial thinking. What does trade with financial thinking mean? We had to find out. Furthermore, we have been receiving complaints of people losing heavily with Finq. We decided to carry out a detailed and honest review. Read on to find out the shocking Finq truth.
The first thing you will notice with Finq brokers is the promotional video. It starts with a tag line about Finq news and how this broker is helping traders make millions. Watching the video, we were shocked to find the person claiming to have won has also been used in other fake broker promotional videos. These scammers are using the same person to promote their illicit platform.
Digging deeper, we came to lean that this person is an actor with Fiverr. You can get this actor for a mere $5. He will do or say anything as long as he gets paid for it. This is one of the first red flags we spotted with Finq platform. All the facts start pointing to a scam in the making that we should all avoid. Claims made in the promotional video are out of hand. Finq claims to make users rich within three months of using their platform. This is insane!
In order to trade with Forex, scammers know that you have to build trust. This is why Finq scammers have ensured the first thing they do is create an imaginary trust partnership. One thing they have done is claim to employ regulation and state of the art technology. All these are ways to make you trust their product which is far from the truth.
We contacted several well-known regulatory bodies to find out about Finq’s regulatory status. The Financial Conduct Authority was the first body we contacted. They claimed not to have a clue what Finq means and that no broker was registered under that name. Just to be sure, we contacted CySEC and they too had not registered this broker. Notice the trend here? We are dealing with a brokerage house that’s not regulated.
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Finq is claiming to offer safe systems and client protection online. We have proof that this is not the case. When you sign up to open a live account, there is no security feature whatsoever. Their homepage is also not secure as there is no proof of any security features. It means that their website can easily be taken over by hackers.
Claims of having a verified payment provider cannot be proved. They claim to have an in-date SSL certification which we also cannot prove. Best they can do is show us a photo of their SSL certification like normal brokers do. This, however, is not the case.
You cannot be able to claim to offer SSL certification yet you don’t provide proof. This platform would have at least provided us with a small badge from SSL headquarters. It’s clear we are dealing with professional and seasoned scammers.
A legitimate broker knows that segregation of accounts is one requirement that must be followed. With Finq, we are not sure whether they do this. This means your funds may be directed to the company’s accounts without you knowing. We can make this strong argument due to the fact that it’s not regulated.
Since we are dealing with a broker who isn’t regulated, we can’t believe they follow any rules. This is why it’s imperative to have brokers who are regulated and registered by the authorities. Claims that their certified payment solutions safeguard client’s cash is also a lie. This simply can’t be the case if they can’t have SSL certification. We urge our readers to look closely at these tricks used in order to avoid scams such as this.
Finq claims to have a platform that is one of the most powerful trading platforms so far. You can easily download this platform on App store, Google Play, and Web Trader. Note that this platform cannot be downloaded as they claim. We tried downloading the platform and we could only download only 36% in all devices. This means that their platform is flawed and cannot be trusted.
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It has five different account types namely Mini, silver, Gold, Platinum, and exclusive. The Mini account does not offer daily analysis and members must deposit a minimum of $100 to start trading. What you get is 24/7 support.
The silver account offers daily analysis and comes with desktop and mobile platforms. Minimum allowed deposit is $1000. Gold account members are required to make a minimum deposit of $10,000.
The Platinum account comes with a whopping $50,000. It comes with trading on mobile and desktop, 24/7 support and premium customer support. Exclusive account holders must make a minimum of $100,000. It comes with promises such as daily analysis, premium support and trading in all platforms. These scammers have made one mistake, claiming that you will get premium customer support. What’s the difference with any normal customer support?
We noticed that it has a support chat that is always offline. When you click on it, you are required to leave a message and your email. Even after doing this, you will never get a response in time. We tried contacting them and its been weeks and we haven’t received any email or response from them. This has led us to believe we are dealing with a fake broker.
Another fake claim we noticed is when it comes to the upgrading of accounts. In order to upgrade an account, it will take a period of more than five days. This is below the standards as upgrades should be made immediately. What we found odd was that they claimed the upgrade would be made five days after deposit has been made. What will they be doing with your money in the meantime? This is another red flag that we thought you should know.
With all the evidence produced, we are sure that this is a scam that should be avoided. We urge you to block or report as Spam any promotional message regarding Finq. This is not a legitimate Forex platform and will be brought down by relevant authorities in a short while.
Due to numerous complaints seen over the web, and the proof we have, blacklisting Finq is a must. This is a scam broker who has the capability of going with your money immediately you make deposits. This is why we urge you to stay clear of Finq broker.
Always stay safe when trading forex by using recommended and reputable Forex brokers. You will always stay safe and be a better trader when you use trusted and tested brokers. Trade safely and comfortably knowing your money is safe and you have the right broker with you.
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