FinPro Trading Review
Reason to avoid: Operates with No License
Listed Date: September 27, 2018
Top 3 Forex Brokers
Beware FinPro is a Non-Regulated broker. It is NOT SAFE to trade.
- Our Review
- FinPro Trading User Reviews
- FinPro Trading News
Is FinPro Scam or Legit Broker?
FinPro is not a secure Forex broker since it does not hold a license from any worldwide serious Forex authority. Meaning the broker is suspected of being a fraud company since it was not checked for its compliance before establishment, was never monitored in terms of its safety, and simply may operate the business in any way it wishes. This results in a very high-risk trading opportunity, despite its alluring proposal.
About FinPro Trading
| 🗺️ Registered in | No Registration |
| 🗺️ Type of License | No License |
| 🛡️ Is FinPro Trading safe to trade | No |
| 🗺️ Recommended Licenses | FCA in UK 🇬🇧 & ASIC in Australia 🇦🇺 |
| 🖥 Alternative Broker | FP Markets - licensed by ASIC in Australia |
What is FinPro?
FinPro online trading broker states on its official website its registration and location in London, UK. FinPro claims to deliver an ECN account (Check Best ECN Brokers by link) that gives direct access to some of the world's deepest liquidity pools with fully transparent trading costs on over 500 trading instruments. Overall, the trading offering is truly enhanced and attractive with a wide choice of leading industry platforms and trading solutions, API trading, Islamic Accounts, PAMM (Check out Best PAMM Account Forex Broker) management, and exceptional connectivity. Additionally, the company serves several domains that are diverted to different regions thus making it an offshore brokerage.
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However, due to the fact that it is mandatory within the UK to hold an FCA (Financial Conduct Authority) license in order to perform any financial services and it is not the case for FinPro, there are many questions addressed. The company states its strict financial rules, yet, it is not confirmed by any supervisory reporting, which is a typical role of the regulator once applicable.
FinPro Review Conclusion
We do not recommend signing in with FinPro. Instead, it is advisable to choose among the reputable brokerage companies that are complied with the necessary laws of the particular organization like FCA – Regulated Brokers.
Even though, there are no official warnings against the FinPro company, as well as the reputation among the traders is average, just combining some of the traders' complaints against the company, it is still highly risky to trade with FinPro.
FinPro Update
We found the FinPro website inactive and unavailable to reach. This means the broker no longer operates. However, it is best to avoid and stay alert in case any proposals show up.
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Je to čisty podvod.Mam tam učet ale peniaze sa nedaju nijako vybrať.Mal som aj finančneho analitika ked zistil že už ma viac neodrbe tak jednoducho mi dal pokoj ale moje peniaze ostali na tej platforme.
I am trading major crypto currencies with this broker for last two months. In my personal opinion, there are good stuff here for crypto traders, but I have also one objection. Opening of account here is quite easy and doesn’t last too long to verify it and also to credit it. Credit of account can be made through several wallets; I have chosen to credit my BTC based acc through BTC wallet. In this way I didnt had any cost of conversion, so I will not be able to say anything regarding conversion costs, but I think that it would be in a range of a market price, not higher. Deposits and withdrawals are without any fees from brokers side. In my opinion this broker managed to do a really good job regarding costs of trading, which are indeed minimal. Here crypto can be traded with indeed minimal spreads of few pips through ecn account and fixed fee of only $2.0 per traded lot. Hedging is supported here even for crypto currencies, as well as nice leverage of 200:1. I am trading crypto on MT5 platform, and up to now didnt have any issues with functioning of the app. Everything works good with this broker, except that there is currently limited number of crypto coins which can be traded here. I was a bit disappointed to figure out that I can trade here only BTC, ETH, LTC, XRP and Bitcoin Cash under these conditions. But even with this limited number of coins and low costs of trading, I am still able to make good profits here.
Finpro gives the opportunity to trade all the major commodities like gold, silver, energy and oil. It also has the major cryptocurrencies and forex pairs. Forex pairs also contain the major and exotic pairs. I do not have to force myself to trade restricted assets since there are plenty of them
I have been making money through robots, no psychological troubles with that. I only check my trades every night to see the trading result. The VPS keeps my ea active even when I am offline and that way I don’t have to stay online to make my ea execute any trades
Ahoj cez finpro bunisess obchoduje s nieje to podvod.