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
Finpro Trading Inc.
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.
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.
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.
FinProTrading Review Conclusion
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