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FinProTrading Review - Regulation, Minimum Deposit & Withdrawal

FinProTrading Review - Regulation, Minimum Deposit and Withdrawal

RATING: 2 / 11 REVIEWS FinProTrading
FinProTrading is an offshore broker. Your money is not safe.

RECOMMENDED FOREX BROKERS


Trading Accounts & Conditions

 

Account type Minimum deposit  Min. trade size Maximum leverage Spreads (& Commission) 
Micro $5 0.01 1:200 From 0.2 Pips + $4 /lot
Standard STP $100 0.01 1:200 From 0.7 Pips
Pure ECN $200 0.01 1:100 From 0.00 Pips + $4 /lot
VIP $25 000 0.1 1:100 From 0.00 Pips + $2.5/lot

 

FinPro Trading offers several account types – Micro, STP, ECN and VIP. All of them are said to provide NDD market execution with variable spreads and the option to trade in micro lots.

 

Besides, swap-free services are offered to clients of Islamic belief. Account management (PAMM accounts) services are also available with FinPro Trading.

 

In fact, the offerings of this broker are really attractive: a minimum initial deposit of just $5, No-Dealing-Desk execution and low cost of trading. The typical trading costs on the EUR/USD pair on Micro accounts are around 1.2 pips per lot (commission 2 x + $4 + spread of 0.4 pips), which is average. Naturally, Pure ECN account holders can benefit from tighter spreads. 

 

The Company. Security of Funds

 

Company 

Country 

Regulation 

Finpro Trading Inc. 

UK 

N/A

 

Established in 2012, FinPro Trading claims to be a pure NDD brokerage, offering online trading in a wide range of financial assets, including a number of currency pairs and CFDs on commodities, stock indices, as well as shares and ETFs on both MetatTrader4 and the broker’s customized Tradе Station (ActTrader) platforms.

 

Behind the brand is Finpro Trading Inc., a company headquartered in the UK, which is not regulated. As most of you probably know, investing in an unregulated broker is a risky business –  such companies are not required to report to any authority, nor to keep client funds in segregated accounts.  

 

To put it simply, if you choose to open an account with a non-regulated broker, your funds are not safe. So, if you intend to invest a large amount of money, we would advise you to select among brokers licensed by the respective authorities in the UK, Australia for example.

 

Nonetheless, FinPro Trading is in the forex business for more than 5 years. Besides, it is a part of by Finvasia Group which is a clearing and trading member of Multi-Commodity Exchange (MCX) and is also registered as a trading clearing member of NSE and BSE for stocks, futures, options and currencies.

 

Trading Platforms

 

FinPro Trading offers its services on the industry's standard MetaTrader 4 (MT4), as well as on Trade Station.

 

Trade Station is the broker’s customized version of ActTrader, available as desktop, web and mobile versions. It is equipped with over 40 built-in technical indicators along with the option to create your own l indicators. Besides, MT4 convertor that enables traders to transfer MT4 EAs strategies into Trade Station is also available.

 

If the already in-built EAs do not fulfill your requirements, Finpro Station gives you the opportunity to develop your own trading strategies using the Visual Strategy Builder.

 

Finpro Station. Click to enlarge

 

FinPro Trading also supports the MT4 platform, available as a desktop, and mobile versions. This is the world’s most popular and widely used forex trading platform. MT4 is a user-friendly trading terminal and offers a wide range of charting tools, as well as the ability to completely automate trading. Known for its capabilities to run thousands of automated strategies or Expert Advisor s (EAs), the MT4 allows you to enhance your trading experience by back-testing them. Besides, due to its built-in programming language, clients can add additional functionalities such as trading strategies, scripts and indicators. 

 

Social trading with FinPro Trading is also available via ZuluTrade.

 

Bonuses & Rebates

100% cash bonus (up to $20 000) is available on all the account types except Micro and Islamic with FinPro Trading. In order to withdraw the bonus from their accounts, clients have to make a certain number of transactions using the following formula: Bonus sum/2=number of lots

 

Besides, the broker offers 30% Rescue Bonus Program.

 

Methods of Payment

 

Clients of FinPro Trading are offered the following payment modes: credit cards, bank wire transfers, and e-wallets Skrill, Neteller, cashU, FasaPay and WebMoney.

 

Conclusion

 

FinPro Trading is a forex and CFD broker that offers a number of instruments to trade in on two trading platforms. It provides STP/ECN environment and its trading conditions are really attractive. Our only concern with this broker is the fact that it is not regulated. To sum up the above: 

               

Pros Cons
Competitive spreads Not regulated
ECN/STP execution model   
Low minimum initial deposit  
Choice of trading platforms, MT4 available  
Promotions offered  

 

Latest news about FinProTrading
No news about FinProTrading. Check back later.
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Traders` reviews for FinProTrading

Spread

Pros

Cons

 

 

Slippage

Pros

Cons

 

 

Requotes

Pros

Cons

 

 

Price feed

Pros

Cons

 

 

Platform

Pros

Cons

 

 

Deposit/Withdraw

Pros

Cons

 

 

Customer service

Pros

Cons

 

 

Summary

Pros

Cons

 

 

No Longer Offering TradeStation or Their Version Of It

They do not currently offer anything but MT4 & ZULUTRADE.

Mickey 11/04/2018

mt4 fixed

I have to disagree on some stuff here. It seems that Finpro has fixed MT4 platforms in my personal experience. I would watch price on the chart and lets just say that price is up but the market is currently down on the current candle, then when I click on the market order and select buy as if I were going to buy, they will hurry up and move price up on the current candle and even widen the spread lol. Someone tell me that it's the market that does this every time lol. Please, I will wait!

jack 10/19/2017

Highly Recommended

It’s been over 1 year I have been trading with finpro and I must say I’m truly pleased trading with them. Use bitcoins to trade with them… Deposits & withdrawals are smooth. Impressed with the overall trading experience. Definitely recommend them.

salvino 04/20/2017

Good one!

I run many EAs on my MT4 trading account and volume is quite high so for me tight spreads and fast execution matters a lot. So far in my experience of 8 years of trading, this is one of the best brokers I have come across in terms of price feed and execution. I never faced any problem with my EAs. As my account size was also big, they also provided me the VPS for free near their data centers which further helped me with the execution speed. Once I had a little problem, I went to their support and they solved it on priority basis. No problem with deposits and withdrawals as well. I will surely rate them 5.

kyu hoon lee 04/19/2017

Excellent Support team

I have an account with Finpro, i am very impressed by their support team.
They have stellar response time to any query that you ask them on the email.
Also the Chat team on their website is highly efficient, the chat team has also responded to my queries on their chat on weekends too.
Keep it up!!
After sales support is what makes the difference for a good company.

Aamrania 10/25/2016

Highly Efficient Broker

As a newbie I started trading with FINPRO TRADING a while ago. Thumbs up! to the highly efficient forex broker. FPT provides trading services without any crimp.
Alongwith MT4, they offer their own customize platform Finpro Station which is highly, professional, user friendly and technically sound. Customer support team is very prompt and the way they purvey the issues are exemplary.

emmabing 09/27/2016

Truly a Low Cost Broker!

What made me think about FinPro? Almost every broker offers the same features but what makes FinPro different from other brokers is their Ultra Low Commission structure of $2 along-with No Extra Cost on Deposits and Withdrawals. Despite they charge a such a small amount they offers fast execution speed and Commendable customer support. That's why they can't be left unnoticed. Thumbs up !

janet scott 09/12/2016

Offer Wide Range of Intruments

The number if instrument that finpro trading offer is impressive, the most that I got from any broker that I’ve traded in the past. Their commission are competitive, decent spreads and words will fall short if I talk about their customer service. I’m with them more for their client services than the product offering. All in all a good package. Enjoy trading with them.

Ron Mikey 06/23/2016

Top Notch Services

Honestly their services are perfect something’s all brokers should work on. I've never faced an issue with them. They respect my orders and positions and don’t play around with them. I appreciate the integrity with which Finprotrading operates.

Smith Angie 06/17/2016

Authentic

Trust me it takes a lot of liking for a broker to review them on web. They are pretty good, low spreads, good platforms and excellent support. Never had bad days with them so far nor have experienced latency or slippages. Satisfied to be trading with them!

Harris D 06/01/2016

Legit Brokers!

Truly “TRUE ECN” broker! Fast execution with tight spreads. Its been like 5 months Ive been trading with them & I am really impressed. The support staff is really good n they try to solve your problems fast. The Swap charges too seem fine to me! Overall, I am not stressed about being with a wrong broker. Totally worth it!

John Duke 03/28/2016
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