Global Broker Regulation Inquiry App
WikiFX
Elio Matacena 
1-2 years
Is Finq a regulated broker?
Broker Issues
Regulation
07-30
United States
WikiFX
Reply
Finq is regulated by the Seychelles Financial Services Authority (FSA) under registration number SD007. This regulation ensures that Finq meets the legal requirements to offer financial services, providing some level of investor protection. However, it's important to note that the FSA is less stringent compared to regulators in jurisdictions like the UK or Australia. As a trader exploring the Finq review, I appreciate the legal framework it provides, but I still exercise caution, especially with leverage. Finq offers a legal basis for its operations, but the protection offered may be more limited compared to stricter regulations.
Similar Questions
Is First State Futures overseen by any regulatory bodies, and if so, which financial authorities are responsible for its regulation?
Ashraf Shahhat
07-22
Are there any pros and cons of RoboForex?
Ibgentle
04-12
What are the cons of Duhani Capital?
Phoebe Yao
08-10
What’s my take on Kaarat’s regulation status based on my experience?
Prash_007
06-09
Is Orfinex safe and legit to trade with?
maseko
08-20