FinPro Trading Review

FinPro Trading

* Ranked #293 of 316 in DailyForex's top broker list

Info

Name : FinPro Trading
Website : finprotrading.com
Established : 2012
Country : Canada
U.S. Clients Allowed : No?
Due to strict US regulation many brokers aren't able to accept traders with US citizenship.
See our list of recommended brokers that do accept US traders.

Advantages

  • Wide Choice of Trading Accounts
  • Demo and Islamic Accounts
  • Choice of Platforms

Disadvantages

  • Website in English Only

FinPro Trading Review

FinPro Trading Review

FinPro Trading is headquartered in London, UK and is regulated by the Province of Ontario, Canada and with the international regulatory standards of CySEC, International Financial Services Commission (IFSC) as well as Israel Securities Authority (ISA).

FinPro has years of operational history and it is the trading platform of choice for investors seeking fast and direct access to the world’s capital markets.

FinPro uses clever images and graphics to illustrate some of the features it provides on its website. It offers a range of over 80 currency pairs, precious metals, base metals, energies, agricultural, stocks, stock indices and ETFs with most competitive spread.

Accounts

The FinPro ECN account gives traders direct access to some of the world’s deepest liquidity pools with fully transparent trading costs.

FinPro Trading Liquidity
FinPro Trading Liquidity

All ECN accounts feature cutting edge infrastructure that allows traders to benefit from flexible leverage up to 200:1, trading from 0.01 lots and our advanced algorithms that route trades with lightning fast execution speed.

There are 7 different accounts at FinPro to match the needs of novice and experienced traders.

The Micro account is designed for traders new to the Forex market and those trading smaller volumes, as it requires a low initial deposit of only $100 and a minimum trade size of 0.001 lots.

The Premium Account accommodates the experienced retail traders. A key feature is the flexibility in position sizing. The limit for a single trade size is 60 lots. The opening balance is $500 and a minimum trade size is 0.01 lot with trade size increment remains flexible at 0.01. The Premium Account uses the FinPro Station platform as well as the FinPro Web and any of the available mobile trading platforms.

The FinPro Trading VIP Account is for traders trading with a minimum transaction size of 0.1 standard lots and a starting balance of $10,000. The benefits increase with the more volume transacted and can be asked for on request. A personal dealer is assigned for VIP Account Holders and there is no limit to the total trade size.

Experienced retail traders can sign up for the Currenex Account whose key feature is the Currenex spread which favors scalping strategies. There is a minimum trade size of 0.01 lot and the trade size increment remains flexible at 0.01. The Currenex Account uses the FinPro Station platform. $500 is the minimum required deposit for this account.

The Pamm account are for those who have been trading for a long time and think they have what it takes to become a portfolio manager.  Holders of this account can offer their clients additional benefits such as Trade with a regulated broker tighter spreads on more than 100 currency pairs, fast execution, daily statements and 24/7 report access to reports.

There are two Islamic account types available that replicate the FinPro Micro and Premium accounts but with the key feature of no SWAP being applied.

A demo account is available to all those who need to practice their trading before putting their funds at risk.

Bonuses and Promotions

There are several bonuses offered by FinPro.

The 100% Initial Deposit Program is intended to increase the trading volume of a client’s accounts. If all requirements of this Trading Bonus program are met, the bonus sum placed in your account can be withdrawn without any limitations or restrictions.

The 30% Rescue Bonus Program is designed for traders who want to protect accounts from periods of drawdown. This Bonus can’t be lost and used as additional margin. Our 30% Rescue Bonus will only be available for a limited time. It applies to deposits over USD 50 and the maximum cumulative bonus is $3,000.

Education

Educated traders are important to FinPro and there are many features that help keep them informed. A list of trade ideas is posted on the website as are daily news reports informative articles.

In the technical analysis academy, there are a dozen different lessons on various graphs, charts and patterns which cover such unique items such as Doji Star, Auto Trend Lines and Shooting Stars.

FinPro Trading Charts
FinPro Trading Charts

In addition, there are introductory courses on major indicators including MACD and Oscillators.

Deposits/Withdrawals

Funds can be deposited in accounts via bank wires, credit and debit cards as well as Paypal and Skrill. All funding is done automatically without any commissions or fees.

Withdrawals are made using the same methods.

Customer Support

Traders can reach FinPro representatives via email and telephone to their London, UK office. Chat is available during trading hours and is quite responsive.

Conclusion

Expertise and commitment to technology and customer service seems to have worked well with FinPro as it has enabled them to offer their trading experience to their trading community and to develop multiple trading platforms to meet our clients’ needs. Their wide choice of different trading accounts is an indication of how they cater to traders will all levels of trading experience.

Advantages

  • Wide Choice of Trading Accounts
  • Demo and Islamic Accounts
  • Choice of Platforms

Disadvantages

  • Website in English Only
Review info :
Broker reviewed : FinPro Trading Rating : 4 out of 10
Reviewed By : Review Date :