FSASeychellesTier 3Licence number
SD007
View licence record- Licence holder
- Held by Finq
- Licence type and regime
- Retail Forex License
- Offshore
Not checkedUpdated
At a glance
Regulation on record for Finq
Counts of what is on record, not a rating. Each figure describes the register entries Wikilix holds and the checks it has run against them.
- Licences on record
- 3
- Issuing authorities
- 3
- From tier-1 or tier-2 authorities
- 1
- Found on an official register
- 0
Finq has 3 licences on record with Wikilix, issued by 3 authorities across 2 jurisdictions. One of them was issued by a tier-1 or tier-2 authority — the regimes with the strictest capital, reporting and client-money rules. None has yet been located on an issuing authority’s own register, so every entry here should be read as claimed rather than confirmed.
2 licences come from authorities classed as offshore. An offshore regime can be a legitimate registration, but it typically carries lower capital requirements and no compensation scheme.
Issuing authorities
Jurisdictions
Licence record
Licences by jurisdiction
Every licence on record for Finq, grouped by the 2 jurisdictions it is registered in.
3 records
Seychelles2 licences
All Seychelles licences- FSASeychellesTier 3
FSCSeychellesTier 3Licence number
SD007
View licence record- Licence holder
- Held by Finq
- Licence type and regime
- Dealing in securities
- Offshore
Not checkedUpdated
Cyprus1 licence
All Cyprus licences
Protection
What this licence protects
CySEC's own rules for the firms it authorises.
- Compensation schemeUp to €20000 (ICF)
- Client money kept separate
- Negative balance protection
- Complaints routeCyprus Financial Ombudsman
- Maximum leverage1:30
Frequently Asked Questions
Questions about the licences held by Finq
Answered from the register entries on this page.
Most Popular Questions
Yes, Finq provides customer support primarily in English. Support is available via live chat during business hours, email at support@finq.com, and WhatsApp. Physical contact addresses are located in Seychelles and Cyprus.
Finq offers a maximum leverage of up to 1000:1 under some offshore licenses, but the Cyprus Securities and Exchange Commission (CySEC) regulated entity limits leverage to 30:1. The leverage depends on the regulatory jurisdiction governing the client’s account. WIKILIX notes that CySEC regulation enforces lower leverage for investor protection.
Finq supports several funding methods including bank transfers, credit/debit cards, e-wallets, cryptocurrency, local payment methods, and broker transfers. Fees vary by method; for example, bank transfers have a fixed $25 fee for deposits and withdrawals, while credit cards and e-wallets charge percentage fees. Processing times range from 1 hour for crypto withdrawals to up to 3 days for bank transfers.
Finq offers the MetaTrader 4 platform, which is available on desktop, web trader, iOS, and Android devices. MetaTrader 4 is known for advanced charting, automated trading through Expert Advisors, and reliable execution.
Finq is regulated by multiple authorities including the Financial Services Commission (FSC) of Seychelles, the Seychelles Financial Services Authority (FSA), and the Cyprus Securities and Exchange Commission (CySEC). CySEC regulation provides client fund insurance up to €20,000, while the others are offshore regulators with no client fund insurance.
Finq has 3 licence records with Wikilix, issued by 3 authorities across 2 jurisdictions. A licence on record means an authority published an entry; it is not an endorsement, and Wikilix does not issue authorisations.
Finq holds licence records issued by CySEC, FSA, FSC. Each authority’s own record — its tier, jurisdiction and client-protection rules — is linked from this page.
One of the licence records held by Finq comes from tier-1 or tier-2 authorities (0 tier-1, 1 tier-2). Those regimes set the strictest capital, reporting and client-money requirements.
Not yet. None of the 3 licence records held by Finq has been located on an issuing authority’s register, so each should be read as claimed rather than confirmed. Every record links to the official register so you can check it yourself.
Finq has licence records in Seychelles, Cyprus. A licence applies in the jurisdiction that issued it; it does not by itself cover clients elsewhere.