The Seychelles Financial Services Authority（FSA） is an autonomous regulatory body responsible for the non-bank financial services in Seychelles. Established under the Financial Services Authority Act, 2013, FSA is responsible for permitting and regulating licenses, enforcing regulatory and compliance requirements, monitoring and supervizing the conduct of business in the non-bank financial services sector in Seychelles. The regulated activities include fiduciary services, capital market & collective investment schemes, insurance, gambling. FSA is also responsible for the registration of international business companies, foundations, limited partnership and international trust in Seychelles.
Current Status:Offshore Regulatory
License Type:Retail Forex License
Regulated in Country/AreaSeychelles
Regulatory License No.：SD007
Email Address of Licensed Institution :firstname.lastname@example.org
License Type:No Sharing
Website of Licensed Institution :
Expiry Date :--
Address of Licensed Institution :Suite 4A, Global Village, Jivan Complex, Mont Fleuri, Mahe Seychelles
Phone Number of Licensed Institution :(+248) 4610780
The Cyprus Securities and Exchange Commission (CySEC) was established in accordance with section 5 of the Securities and Exchange Commission (Establishment and Responsibilities) Law of 2001 as a public legal entity. It is an independent public supervisory Authority responsible for the supervision of the investment services market, transactions in transferable securities carried out in the Republic of Cyprus and the collective investment and asset management sector. It also supervises the firms offering administrative services which do not fall under the supervision of ICPAC and the Cyprus Bar Association.
Current Status:Suspicious Clone
License Type:Market Making(MM)
Regulated in Country/AreaCyprus
Regulatory License No.：227/14
Email Address of Licensed Institution :email@example.com
Website of Licensed Institution :
Expiry Date :--
Address of Licensed Institution :Λεωφόρος Στροβόλου 148, 1ος Όροφος, Στρόβολος 2048, Λευκωσία Κύπρος
Phone Number of Licensed Institution :+357 22 030 446
Most visited countries/areas
The data are from WIKI Research 2021.06.12 updated
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Basic Information & Regulators of Finq Group
Finq Group is an online forex and CFD trading services broker founded in 2017 and based in Seychelles. Finq Group currently holds a retail forex license (license number: SD007) from the Seychelles Financial Services Authority (FSA).
Safety Analysis of Finq Group
Finq Group is currently only regulated offshore by the Seychelles FSA. Please note that offshore regulators are not that strict in their supervision of forex brokers, so Finq Group remains risky, and investors should use the broker with caution.
Finq Group offers traders over 2000 popular financial tradable instruments, mainly Forex, stocks, commodities, bonds, cryptocurrencies, and exchange-traded funds.
Leverage & Accounts of Finq Group
Finq Group offers four different types of classic accounts so that investors can choose the account that suits their trading strategy and trading needs. These four types of accounts are Silver Accounts (minimum deposit of $100), Gold Accounts (minimum deposit of $10,000), Platinum Accounts (minimum deposit of $50,000), and Exclusive Accounts (minimum deposit of $100,000). Additionally, Finq Group offers ECN accounts for high volume traders and intermediate traders, including Classic ECN Accounts (minimum deposit of $1,000) and Pro ECN Accounts (minimum deposit of $50,000). The maximum trading leverage offered by Finq Group is up to 1:300.
Spreads & Commissions of Finq Group
The spread for Gold in the Finq Silver Account is 0.6 pips, for EURUSD at 1.9 pips, for USDJPY at 1.9 pips, for DJ30 at 5 pips, for crude oil at 4 pips, and the commission for stock trading is 0.20%. Gold Account has a spread of 0.5 pips for Gold, 1.4 pips for EURUSD, 1.4 pips for USDJPY, 4.5 pips for Dow Jones (DJ30), 3 pips for crude oil, and 0.16% commission on shares. For Platinum Accounts, the gold spread is 0.4 pips, EURUSD spread at 1 pip, USDJPY spread at 1 pip, the DJ30 spread at 4 pips, the crude oil spread at 3 pips, and the commission is 0.12%. The spreads for the proprietary account are 0.3 pips for Gold, 0.8 pips for EURUSD, 0.8 pips for USDJPY, 3 pips for DJ30, 2 pips for Crude Oil and 0.08% commission for stock trading. The spreads on classic ECN accounts are 0.4 pips on Gold, 0.8 pips on Eurodollar, 4 pips on crude oil, $8 per lot on Forex and metals, and 0.16% on stock trading. The commission is 0.08%.
Trading Platforms Available of Finq Group
Finq Group provides traders with a Webtrader, Mobile Trader, and the industry-recognized MT4 trading platform, as well as MT4 Web, MT4 PC, to meet a wide range of user needs and provide traders with a great trading experience.
Deposit and Withdrawal
Traders can withdraw and deposit funds to their Finq Group account via VISA, MasterCard, Maestro, Skrill, NETELLER, FasaPay, and many other methods.
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