FinPro Trading Review

The foundation of FinPro Trading is not a tale unique in the industry of Forex brokerages. A select group of passionate Wall Street financiers, forged the company through their combined experience and investment. However, launched in 2012, within just a few months FinPro Trading surpassed initial expectations, gathering a substantial client following. This momentum continued over the next few years and ensured improved liquidity, regulatory achievements and global and instrumental expansion through choice partnerships and international bases. In these short 5 years, FinPro Trading is now an established and reputable Forex company, who we are happy to recommend to our own followers.

From this broker you can be safe in the knowledge that this is a regionally inclusive company, with their full range of services available to traders from all around the world, including the USA. Live accounts start from just $5 and prior to this a demo, loaded with $10,000 of virtual funds, is free for you to try across their full platform range. Social trading partner ZuluTrade have devised a specialty account to work with the platform, and Islamic traders, multi account managers, VIPs and professional investors have also been considered within FinPro Trading’s account options. FinPro trading charge $2/100K lot commission with no additional fees for transactions, and offers ECN spreads directly from their liquidity providers.

Read on for more information about FinPro Trading’s services and benefits to discover why we think you may be suited.

Licensing & Regulation

Finvasia Group own and run FinPro Trading. Both companies are in turn regulated by a regional authority (see below). Currently, FinPro Trading have client accounts registered with them from traders in 96 countries (although they still have plans to expand on this) and their services are available to ALL REGIONS. Great news for US traders, who are welcomed with open arms.

Regional Information

• CANADA: Under FinPro Trading, the company is regulated company by the province of Ontario, Canada (Business No: 801-71208).

• UK: FinPro Trading’s head office is located in the UK at 79, College Road, Harrow, Greater London, HA1 1BD.

• EUROPE: FinPro Trading is compliant with the regulatory standards of CySEC, the International Financial Services Commission (IFSC) and also the Israel Securities Authority (ISA). However, they are not officially regulated by either authority at this time.

• USA: Finvasia Group is registered and regulated by SEC (Finvasia IARD/CRD Number: 154602 / SEC file number: 801-71707). Finvasia Group are also a trading member of the Multi-Commodity Exchange. Further group entities of Finvasia are registered trading / clearing members of the NSE and BSE for stocks, futures, options and currencies.

Accounts, Trading Platform & Features

FinPro Trading offers its clients a good selection of account types to pair up with their platform options, and a Demo Account that allows you to experience all variations. Aside from the following, PAMM and Islamic accounts are also available through the broker.

Accounts may be run in USD, GBP, EUR, CAD, AUD or JPY.

• DEMO ACCOUNT – 30 day free access to FinPro Trading’s Demo Account lets you experience what the broker has to offer through either their web based or downloadable platform, MT4 or Zulu. You will be assigned $10,000 of virtual funds to utilise during this trial period. If you should choose to open a live account, you can always ask for the demo to continue to run indefinitely for use at your leisure.

• MICRO ACCOUNT – With as little as $5 you can open a Micro Account with FinPro Trading. This provides you access to the FinPro Station, FinPro Station Web, FinPro MT4 and Mobile platforms. Scalping, hedging and telephone trading is permitted with this account and commission is set at $4 per $100K.

• STANDARD ACCOUNT – $100 will grant you access to the Standard Account, providing you with same benefits as the Micro with improved specs.

• VIP ACCOUNT – Successful and seasoned traders are catered for though the VIP Account with FinPro Trading. The opening account deposit is $25,000 and commission is $2.5 of $100K. Aside from access to everything the broker has to offer, this high frequency trading account offers tailor made services and includes a personal relationship manager, free FIX API connection and a well-researched and dedicated market analyst to assist you.

Upon opening an account with FinPro Trading, you will be asked to choose from one of three platform options to trade through. Each of these options offer various benefits, though it really depends on what sort of trader you are and your investment goals.

• FinPro Station – The FinPro Station platform was developed by ActTrader and is a feature-rich, user friendly desktop application. Enjoy an overview of all essential information, clearly presented to you on your homepage, with an Account Information Bar at the top with summaries of your balance, remaining margin and equity. Features include One Click Trading, Stop/Limit orders, Price Alerts, varied real-time chart options (with over 30 built-in technical indicators) and ActFX, an automated strategy tool. Available for download for Windows run desktops only, with flexibility of trading on the move provided by FinPro’s mobile trading app available for Android.

• FinPro Station Web – Despite being advertised as functioning the same, when comparing this to the desktop version we found FinPro Station Web to be significantly simplified. Whilst an account information bar remains at the top of the page, the homepage is now full of currency pairs and trading is initiated by right-clicking the asset to reveal the contract options. Many of the tools and features have been removed and as such we recommend sticking with the desktop version to get the most out of the experience.

• FinPro MT4 – MetaTrader 4 is of course the most well known and popular trading platform. It features an abundance of tools and features in a familiar, legacy format that is regularly updated to consider the changing needs of the modern trader. Although MT4 is now suited to both Windows and OS run desktops, you will need to install an emulator (such as WINE) to enable the platform on a Mac when downloading through FinPro Trading. However, there are mobile apps available for both Apple and Android devices.

• Zulu Web Trader – This is paired solely with the FinPro Trading TRADING CONNECT ACCOUNT (minimum $100 deposit to open). FinPro Trading has aligned itself with ZuluTrade in an effort to offer cross platform social trading to its clients. When signing up for this account you will be re-directed to the ZuluTrade website wherein you will continue your registration. With FinPro Trading Connect, you can benefit from copy trades and mimic the strategies of some of the world’s top traders. Your risk management technique in this instance is re-configured to consider Zulu’s Performance Table, where signal providers display their worth in summaries of followers, rank and analytic graphs. Copy trading programs such as these provide excellent opportunities for new traders and veterans alike.

TradersAssets Tip: Should you happen to be depositing $5000 or more into your account, FinPro Trading can offer you free VPS hosting. Subject to your home computer disk space, RAM and bandwidth, along with a minimum trade volume of 5 lots per month, free VPS hosting can provide traders with significant advantages, maintaining your investments whilst you are away from the helm. Alternatively, should you desire the same benefits without the high deposit, FinPro Trading accepts monthly payments of $25 for the service.

Banking Options

FinPro Trading outline the key facts pertaining to each money management option fully underneath their Funding & Promotions section within the footer of their website. Here, you can see that the broker reveals a good selection of banking options on offer. Detailed withdrawal terms can be found here too.

You may bank in USD, EUR, GBP, AUD or JPY, and those who choose to trade using the MT4 platform may also maintain their account with the same base currency options. However, the FinPro Trading platform demands a USD run account only. FinPro also maintains their bank accounts in USD, GBP and EUR so that those of you who wish to make wire transfers may experience only minimal conversion fees.

Processing times for banking movements vary according to the provider, although you will be pleased to know that FinPro Trading doesn’t implement service fees of any kind from their end. Expect withdrawn funds to be returned (up to the initial deposit amount) through your pre-selected banking method and currency.

• CREDIT & DEBIT CARDS: VISA / ELECTRON / MAESTRO / AMEX / DISCOVER – Deposits to your account will be instant and withdrawals should take 48 hours to process, followed by 2 – 5 working days to receive credit.

• BANK / WIRE TRANSFER – Bank transfers are the most secure and therefore recommended for larger deposits – there is a minimum withdrawal set at $50 for this reason. Requests for both services should be processed by the broker within in 48 hours and from this point will be received anywhere between 3 – 5 working days.

• NETELLER / SKRILL – eWallets provide a modern approach to banking that is both convenient and quick. Deposits are instantaneous and withdrawals stipulate a minimum of $5 and a turnaround of 48 hours. Fees may apply.

Education Resources & Support

The LiveChat support box on FinPro Trading presents itself to you as soon as you touch base with their website. In our case, our customer service member, Suzan, was quick to respond (under 1 minute), answering our queries speedily, although not without a little sales chat (to be fair, we had yet to open any account with them). This service is offered primarily in English, but some of the team are fluent in German. Whilst Google Translate is applied to bridge the language gap between other regions. Alternatively, with a 24hr turnaround, you can contact a specific helpdesk through email. As for telephone communication, we recommend putting in for a call-back request as the numbers listed aren’t toll-free.

To learn more about each platform type and how the accompanying tools work, FinPro Trading have a section devoted to their terminal choices within the footer of their website. Paired with the practical experience of their demo, you should have no problem getting to grips with the basics of your preferred platform.

For further academic and technical learning, FinPro is at a bit of a loss. Whilst they recently undertook steps to improve the functionality of their site, FinPro has yet to include a full education center into their services. A number of technical tools and calculators are available to assist with user experience, but no functioning FAQ, Glossary or guides exist at this time. FinPro Trading has commented on the matter to state that they are hoping to develop these features over the coming year. We highly recommend outsourcing your resources through via a suitable alternative (such as YouTube professional videos or online guides for budding Forex traders – a quick Google should sort you out). For now, both guidance and support can be provided to you through your account manager – assigned to each trader, regardless of account type.

Why Trade at FinPro Trading?

FinPro Trading has secured a global audience due to its regulatory status and inclusivity of traders from all backgrounds. This broker offers multiple platform options, including an account with ZuluTrade (a social trading platform), and features a full demo experience, which may be trialed with any of these. Beyond this point, clients may open a live trading account from just $5 deposit wherein they will have access to all the trading instruments with spreads from 0.2pips and a maximum leverage of 400x.

Where FinPro Trading falters is in the overall navigation of their website and the depth of information stored there. However, the online chat facility provides almost instantaneous assistance on any number of queries in your native language and your assigned personal manager is available through call back service to discuss any account issues at hand in more depth.

As such, we are happy to recommend FinPro Trading as one of our top Forex brokers, rating them 4 out of 5 stars for their services. Excellent account options, accepting of US traders, low minimum deposit but with room to develop their standard of their website and educational resources.