Finquotes Financial (Seychelles) Ltd
Founded in 2020
Online since 2021
No regulation (Marshall Islands)
Today we dive into the world of financial trading to explore an emerging broker by the name of FinPros. Founded by FinQuotes Financial in the Seychelles in 2020 and becoming available online since 2021, FinPros is carving a name for itself in the trading community. This review aims to provide detailed, objective insight into what FinPros has to offer to potential traders.
At first glance, FinPros appears to have several appealing qualities, especially for those just entering into trading. For starters, their minimum account size is relatively low at only $100. This makes it more accessible for beginners or those who prefer smaller investment capitals. Also noteworthy is their minimum position size, which starts at 0.01.
One of the unique features FinPros offers is a low spread, which undoubtedly caters to many traders as this means lower trading costs. To top it off, they also provide a series of features designed to boost the traders' experience.
FinPros excels in providing free education to help demystify the complex world of trading for its users. This is complemented by a Virtual Private Server (VPS) that guarantees a reliable, uninterrupted connection to the trading servers.
Also, users' funds are kept in segregated accounts which adds an extra layer of protection against contingencies. The trading contests they conduct can be a great opportunity for traders looking to test their knowledge and skills in a competitive setting.
Furthermore, they offer a personal manager to help users navigate their trading journey, which may go a long way in creating a hassle-free experience for the users.
Despite the many promising features FinPros boasts, there is a significant drawback – the lack of serious regulation. In most cases, regulation provides a safety net for traders, ensuring some form of accountability. The lack thereof with FinPros should be considered before investing.
Another point to note is that FinPros doesn't cater to US traders. Depending on one's perspective, this may limit their potential client base.
FinPros, with its high-utility features and the support it extends to its traders, is an exciting entrant in the trading market. However, the lack of regulation and restrictions for US traders may give some individuals pause. Traders should weigh the pros and cons before investing.
Finally, we have to mention their 'max leverage' labeled as 'recybfPUJkrhdLzKD', but it seems to be a misprint or unrecognizable term. We recommend traders to further clarify this with FinPros' support for a clearer understanding of their leverage options. For now, given an average broker rating, FinPros is an exciting but cautionary option for traders worldwide.
FinPros' high spreads and slow withdrawal process made my trading experience unsatisfactory.
EmmaB
Sydney, Australia