FinPros

FinPros Review: Is FinPros Broker Good?

Broker overview and general information

FinPros It is a financial broker founded in 2021 with headquarters in Seychelles.Under FinPros Solutions LLCWhich is regulated by the Financial Services Authority (FSA) of Seychelles.

Broker Licensing and Regulation

If you ask whether FinPros is good or not, you should start by considering the license and registration factors first, which are detailed as follows:

• Financial Services Authority (FSA Seychelles) License No. SD087 under FinPros Financial Ltd.

• Cyprus Securities and Exchange Commission (CySEC) license number 418/22 under Finquotes Financial (Cyprus) Ltd.

⚠️Warning:For CySEC licenses, the regulatory effect is specific to any activity taking place under www.finpros.euonly

Broker Products and Services

Trading products

The broker offers a wide range of financial instruments, with the main assets being:

• Forex:Major currency pairs (e.g. EUR/USD, GBP/USD), minor pairs, and exotic pairs.

• Precious metals:Gold (XAU/USD) and Silver (XAG/USD) Spot

• share:Stocks of leading companies such as Apple (AAPL), Microsoft (MSFT)

• energy:Crude Oil (WTI) and Natural Gas (NG)

• index:Major stock indices such as the S&P 500, FTSE 100

• Cryptocurrency:Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC)
  

Trading Platform

The broker uses MetaTrader 5 (MT5), a popular and feature-rich trading platform.

Advantages of MT5:

• Easy to use:Easy-to-understand interface, suitable for both beginners and professionals.

• Analysis tools:It has advanced charts and many technical analysis tools.

• Auto Trade:Supports Expert Advisors (EAs)

• Safe trading: Trade profitably on a secure and regulated platform environment.

FinPros Review: Account Types 

The broker offers four types of trading accounts:

Pro

• Prevent negative balance: Yes

• Spread: 1

• Commission: do not have

• Maximum leverage: 1:500

• Minimum deposit: $100

• Type of operation: Market Execution

• Stop Out Level: 30%

Raw+

• Prevent negative balance: Yes

• Spread: 0.0

• Commission: Starting at $2.5/lot per side

• Maximum leverage: 1:500

• Minimum deposit: $100

• Type of operation: Market Execution

• Stop Out Level: 30%

Social

• Prevent negative balance: Yes

• Spread: 1.8

• Commission: do not have

• Maximum leverage: 1:500

• Minimum deposit: $100

• Type of operation: Market Execution

• Stop Out Level: 30%

ClassiQ

• Prevent negative balance: Yes

• Spread: 1.6

• Commission: do not have

• Maximum leverage: 1:500

• Minimum deposit: $100

• Type of operation: Market Execution

• Stop Out Level: 30%

Customer Service

• Live Chat

• E-Mail:  [email protected]

• Office Address:CT House, Office 4A, Providence, Mahe, Seychelles

However, the company does not clearly specify the hours of operation of its support team.

Broker Review Overview Summary

FinPros is a broker that offers trading in a variety of assets, such as Forex, stocks, indices, precious metals and cryptocurrencies, via the fully-featured MetaTrader 5 (MT5) platform. It offers a wide range of account types to suit all levels of investors. Key features include competitive spreads and leverage of up to 1:500. However, the regulation by the Seychelles Financial Services Authority (FSA), which is not an internationally recognized authority, may be a limitation for those who value investment safety. Traders should carefully consider the information and study the risks before starting to invest with this broker.

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