FinPro Trading Review
Reason to avoid: Operates with No License
Listed Date: September 27, 2018
Top 3 Regulated Forex Brokers
- Company name:
FinPro UK. FinPro Trading Inc.
- Registration Address/ License:
Operate without License.
FinPro online trading broker states on its official website its registration and location in London, UK. FinPro claims to deliver ECN account 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 management and exceptional connectivity. Additionally, the company serves several domains that are diverted to different regions thus behaves as an offshore brokerage.
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 of FinPro, there are many questions addressed. The company states its strict financial rules, however, it is not confirmed by any supervisory reporting, which is a typical role of the regulator once applicable.
As it’s known and obvious that investing with a non-regulated company is a risky activity, which involves non-accurate or non-restricted management of the clients’ funds. We would recommend as the best option to choose among the reputable brokerage companies that are complied with the necessary laws of the particular organization alike 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 combines some of the traders’ complaints against the company, it is still highly risky to trade with FinPro.