Abstract:FinPros operates as a trading platform registered in Cyprus. It is regulated by CySEC (Cyprus Securities and Exchange Commission) for onshore activities and by the FSA (Financial Services Authority) for offshore operations. The platform offers access to a wide range of market instruments, including forex, stocks, metals, energies, and indices. Trading is conducted on the MT5 platform, with leverage up to 1:30 and spreads starting at 0 pips.
FinPros Review Summary | |
Founded | 2013 |
Registered Country/Region | Zypern |
Regulation | CySEC, FSA (Offshore Regulated) |
Market Instruments | Forex, Stocks, Metals, Energies, Indices |
Demo Account | / |
Leverage | Up to 1:30 |
Spread | From 0.0 pips |
Trading Platform | MT5 |
Minimum Deposit | $·€·£ 200 |
Customer Support | Contact Form |
Phone: +357 25 261 361 | |
Email: SupportPros@FinPros.eu | |
Regional Restrictions | Jurisdictions outside the European Economic Area (‘EEA’) and to residents of Belgium |
FinPros operates as a trading platform registered in Cyprus. It is regulated by CySEC (Cyprus Securities and Exchange Commission) for onshore activities and by the FSA (Financial Services Authority) for offshore operations. The platform offers access to a wide range of market instruments, including forex, stocks, metals, energies, and indices. Trading is conducted on the MT5 platform, with leverage up to 1:30 and spreads starting at 0 pips.
Notably, the platform has regional restrictions, excluding jurisdictions outside the European Economic Area (EEA) and residents of Belgium.
Pros | Cons |
Regulated by CySEC | Offshore regulation risks |
Four account types | Regional restrictions |
MT5 supported | High minimum deposit requirement |
Multiple payment methods |
FinPros is currently regulated by the Cyprus Securities and Exchange Commission (CySEC) and holds a Straight Through Processing (STP) License (No. 418/22). However, it is also offshore-regulated by the Seychelles Financial Services Authority, which introduces additional risks to its operations.
Regulated Country | Regulated Authority | Regulatory Status | Regulated Entity | License Type | License Number |
Cyprus | Cyprus Securities and Exchange Commission (CySEC) | Regulated | Finquotes Financial (Cyprus) Ltd | Straight Through Processing (STP) | 418/22 |
Seychelles | Seychelles Financial Services Authority (FSA) | Offshore Regulated | Finquotes Financial Ltd | Retail Forex License | SD087 |
FinPros claims to provide a variety of market instruments, including Forex, stocks, metals, energies, and indices.
Trading Assets | Available |
forex | ✔ |
stocks | ✔ |
metals | ✔ |
energies | ✔ |
indices | ✔ |
cryptocurrencies | ❌ |
bonds | ❌ |
options | ❌ |
funds | ❌ |
ETFs | ❌ |
FinPros provides four types of trading accounts: Edge, Raw+, Vantage, and ClassiQ. Notably, the minimum deposit requirement for each account is the same amount but available in three different currencies. For example, the ClassiQ account requires a minimum deposit of $200, €200, or £200.
Features | Edge | Raw+ | Vantage | ClassiQ |
Account Currency | USD/EUR/GBP | USD/EUR/GBP | USD/EUR/GBP | USD/EUR/GBP |
Minimum Deposit | $·€·£ 1,000 | $·€·£ 1,000 | $·€·£ 1,000 | $·€·£ 200 |
Maximum Leverage | 1:30 | 1:30 | 1:30 | 1:30 |
Spread | 0.6 | 0.0 | 1.6 | 1.5 |
Commission | / | from $3/lot per side | / | / |
Execution Type | Market Execution | Market Execution | Market Execution | Market Execution |
Stop Out Level | 50% | 50% | 50% | 50% |
FinPros offers a leverage of up to 1:30 for all account levels. Please note that high leverage can amplify not only profits but also losses.
FinPros offers variable spreads based on different account classes.
Account Type | Spread (Pips) | Commission |
Edge | 0.6 | / |
Raw+ | 0.0 | $3/lot per side |
Vantage | 1.6 | / |
ClassiQ | 1.5 | / |
In terms of fees, for Raw+ accounts, FinPros charges a commissionthat starts from $3/lot per side.
For the trading platform, FinPros provides traders with the popular MT5 (MetaTrader 5).
Trading Platform | Supported | Available Devices | Suitable for |
MT5 | ✔ | Desktop, Mobile, Web | Experienced traders |
MT4 | ❌ | Desktop, Mobile, Web | Beginners |
Here are all the payment options available on this platform: Visa Secure, Mastercard, Maestro, Wire Transfer, SOFORT, Skrill, Neteller, and iDEAL.