FinPro Trading Review
FinPro Trading – a company with its registered offices in London, but a brokerage firm that’s not regulated by the FCA. Sounds a little fishy from the very beginning. When you take a look at the website there are a number of regulatory claims. But when we tried to check them out and verify the claims at the regulatory websites we were unable to confirm this broker is licensed and regulated by anyone. Nevertheless, we decided to continue writing our review because there are a number of unregulated brokers operating in the industry. And while choosing such a broker could be considered a huge risk there are many that choose to do so.
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What Does FinPro Offer the Average Trader?
FinPro offers traders a wide range of instruments in which to trade including currency pairs, commodities, individual stocks and global indices. It provides traders with a wide choice of trading platforms to suit all kinds of trading activities from manual to auto and including social trading. Want to know some numbers? FinPro offers 11 trading platforms and more than 500 instruments. Some of the benefits FinPro claims to offer traders include:
- Tight spreads from as low as 0.0 pips
- Flexible leverage up to 200:1
- 100% credit bonus
- 30% rescue bonus
- Ongoing promotions
- Superior trading tools
- Multiple account types
FinPro Trading offers 7 different types of account
Pure ECN Account – With direct access to interbank liquidity you get to enjoy super-tight spreads and a competitive commission structure with trading from 0.1 lots. A range of trading platforms can be used including FinPro Station and MT4. the minimum opening balance is $200 and you can earn a 100% deposit bonus. Standard STP Account – This account is designed for the professional trader and the most attractive feature is the promise of zero commissions. Spreads start at just 0.7 pips and up to 200:1 leverage is available. The minimum trade size is 0.01 lots and the maximum is 100 lots. The minimum account opening balance is $100 and up to a 100% deposit bonus is available. Micro Account – This type of account is best suited to the newbie trader and those who prefer to trade much smaller amounts. The minimum deposit is just $5 but you’ll still have access to cutting edge trading technology and supreme liquidity. You can use a range of different trading platforms, spreads start at 0.2 pips and leverage of up to 200:1 is available. Scalping and hedging are allowed as are Expert Advisors. Commission is charged at $4 per $100K. And the maximum account balance is $1000. Other account options include an Islamic Account, a VIP Account, a FinPro Connect Account and a PAMM Account.
FinPro runs some exclusive bonus programs
A lot of big brand Forex brokers offer attractive bonuses, but it’s not something that all brokerage firms choose to do. FinPro Trading, however, is one of those that sees the benefits when it comes to attracting new customers. There is a 100% cash bonus program that offers increased account leverage and can be withdrawn when volume requirements have been met. It’s aimed solely at new customers and you can only claim it when you make a $100 minimum deposit. The second offer available is a 30% rescue bonus program. It provides you with increased account leverage, although the leverage of the underlying account will prevail. It applies to deposits over $50 USD and is designed to protect traders during periods of drawdown.
FinPro Trading offers leading trading platforms including MT4 and Zulutrade
FinPro Trading has decided to offer traders a wide range of trading platforms to trade with. They include FinPro Trade Station, FinPro Trade Station Web, FinPro MT4 and FinPro ZuluTrade. The Trade Station platforms are designed to match the needs of traders from around the world, and it can be accessed anywhere and anytime. It includes in-depth analysis of stocks using modern charts and more than 1000 Forex instruments, all within one single platform. FinPro also offers the MT4 trading platform, which is the world’s most popular and widely used Forex trading platform. The reasons it has become so popular are its user-friendly interface, wide range of charting tools and ability to automate trading. It is able to run thousands of automated strategies known as Expert Advisors and allows them to be back tested. Thus enhancing a traders experience. Social trading has become very popular and you can adopt this strategy with FinPro Trading, with the help of the ZuluTrade trading platform. You’re given access to all the tools you need to automatically copy the trades of experienced traders. No longer will you need to spend hours pouring over financial news and live charts or worry about when to close your positions. Simply select one of ZuluTrade’s profitable traders and the automated system will copy what they do exactly.
Customer support is an important part of the FinPro Trading service
FinPro Trading takes the education of customers very seriously and there are a number of different features that can be used to stay informed. Trade ideas are posted as well as daily news reports. There’s a traders board where useful and informative ideas can be shared as well as Forex education and video tutorials. When it comes to making payments a number of different methods are supported. These include wire transfers, credit and debit cards as well as PayPal and Skrill. If you need to get in touch with customer support it can be done by email and telephone with representatives in the London office. There’s also a chat option that is available during trading hours.