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/10

Finquest

India|2-5 years|
Suspicious Scope of Business|High potential risk|

https://finquestgroup.com/#home

Website

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Contact

https://finquestgroup.com/#home
602, Boston House, Suren Road Andheri East, Mumbai 400093 Maharashtra.

Licenses

No valid regulatory information, please be aware of the risk!

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No restriction on the broker account. Support service provided by WikiFX

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Warning: Low score, please stay away! 2
Previous Detection : 2024-05-15
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

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Finquest · Company Summary

Finquest Review Summary
Founded 2004
Registered Country/Region India
Regulation No Regulation
Demo Account Unavailable
Group Companies Rubfilla, Premier Tissues, Finquest Finance, Reid & Taylor, Finquest Security, Digjam
Customer Support Contact form
Address: 602, Boston House, Suren Road, Andheri East, Mumbai 400093, Maharashtra.

What is Finquest?

Finquest is an unregulated conglomerate company based in India, founded in 2004. It comprises various subsidiary companies, each operating in different sectors and contributing to Finquest's diversified portfolio. Some of its notable group companies include Rubfilla, Premier Tissues, Finquest Finance, Reid & Taylor, Finquest Security, and Digjam.

Finquest‘s homepage

Pros & Cons

Pros Cons
  • Synergies Among Subsidiaries
  • No Regulation

Pros:

Synergies Among Subsidiaries: The presence of multiple subsidiary companies under Finquest's umbrella enables opportunities for synergies, such as shared resources, cross-selling, and economies of scale.

Cons:

No Regulation: The lack of valid regulation raises significant safety and trust concerns, as regulatory oversight is crucial for ensuring customer protection and platform transparency.

Is Finquest Legit or a Scam?

Finquest currently lacks valid regulation, which raises significant concerns about its safety and legitimacy. Regulatory oversight is crucial for ensuring that a financial services provider operates within established standards and adheres to specific rules and requirements designed to protect investors and clients. Without proper regulation, there is an increased risk of fraudulent activities, scams, and inadequate consumer protection.

No license

Group Companies

Finquest is a conglomerate encompassing several diverse companies, each contributing to its multifaceted portfolio.

Among its subsidiaries is Rubfilla, a leading player in the market, known for its innovative and high-quality rubber products.

Premier Tissues, another key entity under the Finquest umbrella, specializes in producing premium tissue products, catering to both consumer and commercial markets.

Group Companies

Finquest Finance offers a range of financial services, providing tailored solutions to meet the investment and financing needs of its clients.

Reid & Taylor, a prominent name in the textile industry, is part of the Finquest group, renowned for its fine fabrics and apparel.

Additionally, Finquest Security plays a vital role in ensuring the safety and protection of assets and individuals through its comprehensive security services.

Lastly, Digjam, with its rich heritage and expertise in textiles, contributes to the diverse offerings of Finquest, catering to the fashion and textile industry with its quality products.

Group Companies

Customer Service

Finquest provides a comprehensive and accessible customer support network. Their support team can be reached through different channels for ultimate convenience.

  • Contact form

Contact form
  • Address: 602, Boston House, Suren Road, Andheri East, Mumbai 400093, Maharashtra

Conclusion

In conclusion, Finquest's conglomerate structure offers both opportunities and challenges. On the positive side, its diversified portfolio across multiple sectors provides potential for high returns, opportunities for synergies among subsidiaries, and flexibility to adapt to market changes. However, the lack of valid regulation raises significant concerns about the safety and trustworthiness of the platform.

Frequently Asked Questions (FAQs)

Question 1: Is Finquest regulated?
Answer 1: No. It has been verified that this broker currently has no valid regulation.
Question 2: Does Finquest offer demo accounts?
Answer 2: No.
Question 3: What sectors does Finquest operate in?
Answer 3: Finquest operates in multiple sectors through its subsidiary companies. Some of these sectors include textiles (Reid & Taylor, Digjam), finance (Finquest Finance), security (Finquest Security), and consumer goods (Rubfilla, Premier Tissues).
Question 4: Is Finquest a good broker for beginners?
Answer 4: No. It is not a good choice for beginners because of its unregulated condition.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

Broker Information

Company Name

Finquest Security

Company Abbreviation

Finquest

Regulatory Status

No Regulation

Platform registered country and region

India

Phone of the company

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Twitter

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YouTube

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Company address
  • 602, Boston House, Suren Road Andheri East, Mumbai 400093 Maharashtra.

Linkedin

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WeChat

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Customer Service Email Address

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Company Summary

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清水河谷
more than one year
Excellent trading service. I am so impressed with this broker's performance. Aside from getting good solutions, they also serve as a good trading mentor to me. They have taught me everything I need to know about trading.
2023-03-13 14:44
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