About FinPros
Company Overview
FinPros was established in August 2022 and is headquartered in Limassol, Cyprus. The company operates under the name FinPros, with its registered office at 6 Laiou Street, Anna City Court Block A. It offers trading services across multiple asset classes.
The broker's official website, finpros.eu, presents it as a multi-asset trading platform catering to retail and institutional clients. Despite its recent establishment, it has already secured dual regulatory licences, indicating a commitment to compliance.
Regulation and Licensing
FinPros holds a Derivatives Trading License (STP) from the Cyprus Securities and Exchange Commission (CySEC), which classifies it as a regulated entity within the European Economic Area. This licence imposes strict capital adequacy, client fund segregation, and reporting requirements.
Additionally, it maintains an offshore regulation via the Financial Services Authority (FSA) of Seychelles, under a Derivatives Trading Licence (EP). This allows the broker to serve clients outside the EU under a different regulatory framework. However, the FSA is considered an offshore regulator with less stringent oversight compared to CySEC.
Account Types
FinPros offers four distinct account types tailored to different trading styles and capital levels. The ClassiQ account requires a minimum deposit of $200 or equivalent in EUR/GBP, making it the most accessible option. Leverage is capped at 1:30, in line with CySEC regulations.
The Vantage, Raw, and Edge accounts each require a minimum deposit of $1,000 and also offer maximum leverage of 1:30. The Raw account likely targets traders seeking tighter spreads, while the Edge account may appeal to those wanting additional features, though specific details are not disclosed in the available records.
Trading Platform and Instruments
According to the company description, all trading is conducted on the MetaTrader 5 (MT5) platform, a widely used multi-asset platform known for its advanced charting tools, automated trading capabilities, and order execution. MT5 supports desktop, web, and mobile versions.
The broker provides access to a range of instruments including forex, stocks, metals, energies, and indices. This diversification allows traders to build portfolios across different asset classes. However, specific contract specifications and number of instruments are not listed in the known facts.
Spreads and Fees
FinPros claims spreads starting at 0 pips, which suggests a competitive pricing model, likely with commission-based Raw accounts. The exact spread structure for each account type is not detailed, but the zero-pip claim implies raw spreads from liquidity providers.
Other fees such as overnight swaps, deposit/withdrawal charges, and inactivity fees are not mentioned. Traders should verify these details by consulting the broker's official website or terms and conditions.
Target Clientele and Suitability
FinPros appears to target both retail and institutional traders, with account tiers accommodating different capital levels. The CySEC regulation offers a safety net for European clients, including eligibility for the Investor Compensation Fund (ICF) and negative balance protection.
The offshore FSA entity may attract traders from regions where CySEC licensing is not required, but it comes with lower regulatory protection. Overall, the broker is suited for traders who value a regulated environment and are comfortable with moderate leverage.
Overview compiled by FXCanary from regulatory records and public data. full FinPros review