Economy
Finq.com | Insightful Assessment And Comparison To Other Brokers
When looking for an online trading platform, you’ve likely come across finq.com. Making the right choice in a sea of online brokers is critical for your trading success.
Traders Union compiled the Finq.com review to guide you in navigating the complex world of online trading. To help you make an informed decision, this finq.com review presents an in-depth analysis of the platform’s features, performance, and offerings.
What is Finq.com?
According to TU experts, finq.com is a trading platform managed by Dilna Investments Ltd and regulated by the FSA of Seychelles under license number SD007. Finq.com provides access to CFD trading on an advanced WebTrader platform and mobile application. Here, traders can deal with over 2100 assets, including Forex, stocks, indices, commodities, ETFs, and bonds. The platform also provides round-the-clock customer support for all your queries from Monday to Friday.
Analysis of the main features of the Forex broker
TU experts have rated finq.com with an overall score of 2.26 out of 10. The broker scored 2.05 in order execution, 2.47 in investment instruments, and 2.11 in withdrawal speed. The quality of customer support is rated at 2.41, and the variety of instruments available is valued at 2.63. The trading platform received a score of 1.89 out of 10, indicating areas that need improvement.
Trading conditions for Finq.com users
Finq.com offers different platforms, including MT4, Webtrader, and Mobile platforms. Account types vary from Micro to Exclusive; the account currency is USD. Payment methods include Bank Wire Transfer, Credit/Debit Card, Neteller, and Skrill. The minimum deposit required is 100 USD with a leverage of 1:300. Instruments offered for trading include stocks, Forex, indices, commodities, bonds, ETFs, and Crypto. Unfortunately, no PAMM accounts, trading features, contests, or bonuses are available.
Finq.com compared to other brokers
RoboForex
RoboForex, a premier platform in the online trading landscape, offers its traders a wide array of trading opportunities in Forex, metals, stocks, indexes, CFDs, and ETFs. Renowned for its flexible trading conditions, the platform caters to novice traders and seasoned investors. Its robust security measures ensure a safe trading environment where traders can confidently navigate the market.
Pocket Option
As an eminent player in the online brokerage world, Pocket Option provides a diversified range of trading instruments, including Forex, metals, stocks, options, indices, CFDs, and ETFs. The platform has a well-deserved reputation for its user-friendly interface that makes it easy for experienced traders and beginners to get to grips with the intricacies of trading.
Tickmill
Tickmill is a respected online trading platform presenting a broad range of trading instruments such as Forex, metals, stocks, options, indices, CFDs, and ETFs. The platform distinguishes itself in the industry through its competitive spreads and superior customer service. Tickmill’s user-friendly platform, combined with its speedy execution and low spreads, makes it a favorite among many traders.
EXNESS Group
The EXNESS Group is a reputable broker offering diverse trading instruments, including Forex, metals, stocks, options, indices, CFDs, and ETFs. The platform is highly appreciated for its instant withdrawal service, which ensures traders have quick and easy access to their profits. Catering to beginners and professionals, the EXNESS Group offers a user-friendly interface supplemented with a wealth of educational resources and advanced trading tools.
AMarkets
AMarkets is a distinguished online broker that allows trading in Forex, metals, stocks, options, indices, CFDs, and ETFs. It is notably recognized for its comprehensive educational resources that equip traders with the necessary skills and knowledge for successful trading. Furthermore, the platform’s 24/7 customer support ensures traders receive assistance whenever needed, reinforcing the platform’s commitment to offering an all-round stellar trading experience.
In addition, Traders Union has also reviewed the ETX trading platform. To read a detailed review of the trading platform, you may visit the official website of Traders Union.
Conclusion
While finq.com provides a considerable range of trading assets, several areas need improvement. The ratings and user feedback indicate that the platform must enhance its services to compete effectively with other brokers. Visit the Traders Union’s official website for insightful broker reviews.
By Adedapo Adesanya
The Nigeria Revenue Service (NRS) says the rollout of electronic invoicing (e-invoicing) will strengthen tax compliance, curb revenue leakages and improve transparency in tax administration as it moves to fully digitise the country’s tax system.
The Project Lead for the NRS e-Invoicing Project, Mr Mohammed Bawa, stated this at the DigiTax E-Invoicing Compliance Breakfast Session held in Lagos on Wednesday.
The event, organised by DigiTax, an NRS-accredited e-invoicing platform, formed part of efforts to support the agency’s ongoing education and sensitisation campaign on the e-invoicing mandate.
Mr Bawa said the initiative aligns with global trends in tax digitisation and is expected to help improve Nigeria’s tax-to-GDP ratio, which remains one of the lowest in Africa.
According to him, the system will provide the NRS with greater visibility into transactions across sectors, formalise activities within the informal economy and standardise invoice formats nationwide using globally recognised invoice schemas.
He added that e-invoicing would improve operational efficiency for both businesses and tax authorities while supporting the NRS’ transition from manual and electronic tax administration processes to a fully automated system-to-system interaction model.
Mr Bawa noted that the legal framework for implementation is backed by the Nigeria Tax Administration Act, which prescribes penalties for non-compliance.
He disclosed that the NRS has completed onboarding large taxpayers and is preparing to enforce compliance with defaulting entities.
According to him, medium taxpayers are expected to begin compliance in the third quarter of 2026, while onboarding of emerging taxpayers will commence in 2027, with full adoption targeted for all taxpayers by the end of 2028.
Mr Bawa urged taxpayers yet to be onboarded onto the platform to begin the process and work with accredited service providers to ensure compliance.
On his part, Country Director of DigiTax Nigeria, Mr Olumide Akinsola, urged businesses to look beyond their internal systems and assess the compliance status of suppliers and counterparties.
He warned that businesses whose suppliers fail to transmit invoices through the MBS platform risk losing eligibility to claim Value Added Tax (VAT) input credits on such transactions, describing the resulting supply chain exposure as a significant commercial risk that many organisations have yet to quantify.
Mr Akinsola also announced the launch of DigiTax’s white paper, The State of E-Invoicing Readiness in Nigeria, which examines compliance adoption trends and the readiness gap across different taxpayer segments.
He added that DigiTax operates in Nigeria, Kenya, Zambia and the United Arab Emirates (UAE), noting that experience from those markets shows businesses that integrate early are better positioned to avoid disruptions when enforcement begins.
By Aduragbemi Omiyale
The names of about 100,000 companies registered by the Corporate Affairs Commission (CAC) are about to be deleted for inactivity, especially for failing to file their annual tax returns, Business Post reports.
This information was disclosed by the CAC via a notice signed by its management on Wednesday, July 15, 2026.
The list contains organisations like the Nigeria-Poland Chamber of Trade Invest Ltd, Alariwo of Afrika Ltd, Ovation Sports International, First Union Pension Fund Administrators, Investopedia Limited, Baptist High School Abuja Ltd, and Yobe Aluminium Manufacturing Industries Ltd, amongst others.
In the statement, the commission said its decision to strike off the names of the affected firms from the register aligns with the provisions of Section 692(3) (3) and (4) of the Companies and Allied Matters Act (CAMA), 2020.
However, the affected companies can still salvage the situation by filing all outstanding annual returns and regularising their records within 90 days.
“Please note that companies that fail to comply within the stipulated timeline shall be struck off the register without further notice,” it declared, expressing its continued commitment to providing prompt and efficient registration and regulatory services to the satisfaction of its valued customers.
See the full list below:
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange gained 1.75 per cent on Wednesday, July 15, pushing the NASD Security Index (NSI) up by 74.20 points to 4,316.51 points from 4,242.31 points, as the market capitalisation added N44.54 billion to finish at N2.590 trillion compared with the preceding session’s N2.546 trillion.
During the session, there was an 11.5 per cent rise in the value of transactions at midweek to N72.7 million from the preceding session’s N65.2 million, as there was a 3.7 per cent growth in the number of deals to 28 deals from the previous session’s 27 deals, while the volume of securities slumped by 64.5 per cent to 4.9 million units from 13.7 million units.
At the close of trades, Great Nigeria Insurance (GNI) Plc ended as the most active security by value on a year-to-date basis, with 3.4 billion units worth N8.4 billion, with the second spot occupied by Infrastructure Credit Guarantee (Infracredit) Plc after selling 2.3 billion units valued at N6.5 billion, and the third position was taken by Central Securities Clearing System (CSCS) Plc, which exchanged 74.3 million units for N5.3 billion.
GNI Plc also finished the trading day as the most traded stock by volume on a year-to-date basis, with a turnover of 3.4 billion units traded for N8.4 billion, followed by Infracredit Plc with 2.3 billion units transacted for N6.5 billion, and Resourcery Plc with 1.1 billion units sold for N415.7 million.
Business Post reports that the market breadth index was negative yesterday, as there were two price gainers and three price losers.
11 Plc added N22.36 to its value to close at N250.00 per share versus N227.64 per share, and CSCS Plc improved by N7.95 to N90.35 per unit from N82.40 per unit.
On the flip side, FrieslandCampina Wamco Nigeria Plc lost N1.37 to end at N150.00 per share versus N151.37 per share, UBN Property Plc depreciated by 6 Kobo to N1.75 per unit from N1.81 per unit, and Food Concepts Plc dropped 1 Kobo to close at N2.49 per share versus N2.50 per share.
