Cookies are used at this website. By continuing to browse it, you agree with our Cookie Policy

Finpro Trading review and ratings

Established 2013
Location Seychelles
Regulation None
Offices London, Sydney, Mahe
Broker type STP | ECN
Leverage up to 1:400
Deposit from 5 USD
Spreads low  low
Platforms Web MetaTrader 4 Specific
Instruments Currencies Indices Metals Energies
Funding methods Wire Transfer Credit Cards Skrill Neteller Bitcoin

Company information

Finpro Trading is a legally registered forex broker located in the Seychelles, but not regulated by any government agency.

Availability

Finpro Trading accepts clients from all over the world, excluding some countries where restrictions apply.

Distinctive features

Trading instruments

Forex broker offers the following underlying assets for trading.

60+ Currency Pairs Based on major and minor world currencies.
9 Indice CFDs Based on baskets of different blue-chip stocks.
2 Metal Spot CFDs Based on Gold and Silver.
3 Energy Spot CFDs Based on Crude Oil (WTI, Brent) and Natural Gas.

Comprehensive review

Finpro Trading is another offshore-registered forex and CFD broker with its registered office address in the Seychelles. The Seychelles business registration, however, also means that the broker is unregulated by any financial regulatory body. Traders will therefore have to take the broker at its word that it will abide by all obligations. Still, the problem with this approach is that there will be nowhere to turn in the event of a dispute between the trader and the broker.

Regardless of the lack of regulation, however, Finpro Trading has operated for more than five years without any major incidents that we are aware of. The broker also specifically promises on its website that client funds are kept in segregated account at “top global banks,” so that these funds cannot be used to offset any losses elsewhere.

Following the success of many other so-called social trading brokers, Finpro Trading is also trying out this model with technology from leading providers like Zulu Trade, MyFx Book, and MQL5 by allowing traders to pick and choose trading strategies to follow with their own portfolios.

Finpro Trading offers its users a choice of five different account types:
– Pure ECN Account - tight spreads starting from 0.0 pips
– Standard STP Account - commission-free trading
– Micro Account - for beginners and traders with small trading accounts
– Islamic Account - Sharia-compliant trading for Muslims
– VIP Account - superior trading conditions for traders with an initial deposit of USD 25,000 or more

The minimum deposit required to start trading is as little as USD 5, payable in bitcoin, various online money transfer services, or international credit cards like Visa and MasterCard.

New clients are welcomed with two bonus programs designed to increase the trader’s leverage. The first bonus program is a 100% Deposit Bonus that essentially gives a new trader free money to trade with. Profits made with the bonus amount can be withdrawn, although the specifics of this appear a bit unclear, and certain restrictions apply.

The second bonus program is designed to protect traders during the inevitable draw-down every trader will experience from time to time. Known as the “30% Rescue Bonus Program,” this program applies to any deposit over USD 50, and essentially increases the leverage on the account. However, the bonus amount cannot be withdrawn, making its usefulness somewhat questionable.

In addition, Finpro offers a free VPS service to all clients who makes a deposit of more than USD 5,000 into their trading accounts. With desktop-based trading platforms like MetaTrader, a VPS service is necessary in order to run automated trading strategies whenever the trader’s computer is not turned on with an active Internet connection.

In total, Finpro offers trading in more than 500 instruments, ranging from currencies, commodities, stock indices, as well as CFDs on certain exchange traded funds (ETFs) and individual stocks.

When it comes to trading platforms, Finpro offers the choice between the classic MetaTrader 4 platform and social trading platform Zulu Trade. Both platforms are offered both in the downloadable desktop version, as well as a web-based version and mobile app.

Lastly, customer support is available through a UK phone number, email, and an online live chat option open 24 hours a day, 7 days a week.

No reviews from traders yet.
Rating