FXFINPRO Capital Review

MIN. DEPOSIT $50
Up to 500:1
No BONUS
0 Users (0 votes)
Odds0
Services0
Support0

Overview

Company Information FX Finpro is one of the new names in the online Forex trading industry. The brand is owned by PFX Financial Professionals Ltd. and counts as one of… more

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Details

BrokerFXFINPRO Capital
Website URLhttps://fxfinpro.com/en
Founded2013
HeadquartersLimassol, Cyprus
Support Number+35725262102; +442031501835 (UK)
Support Emailsupport@fxfinpro.com
Support TypesPhone, Live Chat, E-mail, Call Back
LanguagesEnglish, Russian, Chinese, Arabic
Minimum 1st Deposit$50
Minimum Trade Amount0.01 lots
BonusNo
PayoutUp to 500:1
Free Demo AccountYes
Regulated Yes
RegulationCyprus Securities and Exchange Commission (CySEC)
Account TypesPAMM Accounts, ECN Standard Account
Deposit MethodsBank Transfers (Eurobank, Wirecard Bank, AS Expobank), Visa, MasterCard, Skrill, Neteller
Withdrawal MethodsBank Transfers (Eurobank, Wirecard Bank, AS Expobank), Visa, MasterCard, Skrill, Neteller
Types of AssetsStocks, Futures, Foreign Exchange (‘Forex’), Contracts for Difference (‘CFDs’), Indices, Options
Account CurrencyEUR, USD
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes

Full Review

Company Information

FX Finpro is one of the new names in the online Forex trading industry. The brand is owned by PFX Financial Professionals Ltd. and counts as one of the relatively new brokerages. The company itself was founded in 2004 in Cyprus, but their online services were launched much later in 2013. Since their foundation, the company has grown a lot and nowadays they have offices in Cyprus, Russia, UAE and the United Kingdom. FX Finpro is a fully licensed brokerage which is under the regulation of CySEC in Cyprus, the MiFID in Europe and FCA in the UK. Despite that they have 4 years of experience in the Forex trading world FX Finpro offers a fully optimized trading service with fast order execution and reliable access. Their client base has been growing steadily, and their online reviews by customers have been nothing but flattering. With the excellent spread and a ton of trading instruments FX Finpro may be the brokerage that suits all of your needs.

Trading Information

Currently, FX Finpro offers three types of personal accounts. First is the ECN Micro. It has a minimum deposit requirement of $50. The leverage is set to 1:500 and the minimum trade size is 0.01 lots. Next is the ECN Standard. It requires a minimum deposit of $500 and has the same trade size, but the leverage here is set to 1:300. Finally, there is the ECN Professional account type. It also has a $500 deposit requirement but has the different leverage of 1:200 and minimum trade size is 0.1 trade lots. All of the accounts offer tight floating spreads which average 0.3 pips for EUR/USD. However, the difference between them is not only the Leverage but also the platforms you can use with each type. For example, the Micro account only gives you access to the MT4 platform while the Professional includes the Pro Trader and FIX API. Hedging and scalping are allowed as well as Expert Advisors. The number of currency pairs offered is 61 (25 of which are exotic). PAMM and MAM accounts are also available.

Trading Platforms

While many brokerages give you only one platform choice for their services, FX FINPRO provides some additional choices. The MT4 is available for all the people who are used to it and don’t want to change their trading experience. It’s suitable for both beginner and expert traders and gives you the flexibility to set it up to your preference. It’s the only downside is the lack of a web-based version, and you’ll always have to download it to your device (smartphone, tablet or computer). Next is the FX Finpro own trading platform called the FXFIN Pro Trader. It offers the features of trading from charts; level II quotes one-click trading, multiple orders, and more than 60 indicators. FXFINPRO Jforex platform is an automated trading software that allows you to track exchange rates and transaction sizes. It’s also suitable for manual trading as well. Last but not least is the FXFINPRO Trader Workstation. This platform is specialized for trading futures, stocks, options, and other securities.

Security and Customer Services

As a fully licensed and regulated company FXFINPRO have made their best to protect their clients’ funds. The SSL encryption on their website prevents personal data theft and make your trading experience much safer. The segregated account option means that your funds are deposited into a separate account and are not connected to the company’s money. Customer support is also a big plus when taking advantage of FXFINPRO services. There are plenty of contact methods available including telephone numbers for several countries, email, Viber, Skype and a live chat option. The customer support coverage is 24/5 and during that time frame, you can always reach a company’s representative using the mentioned methods. Additionally, they have the social media presence on Facebook, Twitter, Google+, LinkedIn, Instagram, and YouTube. The website is translated in 4 languages (English, Russian, Chinese and Saudi Arabian). There are a lot of educational materials available on their website which can help you greatly if you’re not familiar with online Forex trading or online trading in general.

Deposits and Withdraws

There are a lot of deposit methods provided by FXFINPRO to make the life of their clients much easier. There are the usual credit/debit card options, wire transfer and several digital wallets available. You can transfer funds using a lot of currencies, but your account currencies are the US Dollar and the Euro. Deposit processing times take from 2 hours for the fastest methods to 3-5 business days for the slowest. You will have deposit charging fees that vary depending on the methods you choose. You can check all the fees on their website. Withdrawals can be done the same way you deposited the money and it also doesn’t take a lot of processing time. Their fastest withdrawal method takes 24-48 hours for the money to appear in your bank account. And the slowest takes 3-5 business days. The commission on withdrawals varies from 1% of the withdrawn amount or a static up to $50 charge fee.

Deposit Bonus and Loyalty Programs

FXFINPRO doesn’t offer any deposit bonuses or promotions currently, but they do have demo account Trading Contests. There you can win to up to $500 of real money just by trading with the platform. Second and third place contesters get $300 and $200. With the real funds, you can create a normal account where if you reach ten lots per every $100 of the prized you can withdraw the money.

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