FinproTrading
FinPro has always strived to bridge the gap between the trading experiences received by retail clients versus that received by institutional clients. Our servers are co-located in LD4 facilities with direct FIX connectivity to major liquidity pools that ensures that our retail investors have access to same level of speed, liquidity and technology that was only enjoyed by the most sophisticated investors.
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FinproTrading
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I have live trading account with Finpro Trading. Their btc deposits is very fast, cheap and easy way to fund live account. Withdrawals on the other hand is a huge challenge. They say withdrawals are processed within 48 hours but they are not able to accomplish that.
https://www.myfxbook.com/files/trendgenius/withdrawlsscreenshot.jpg
Currently ,I have a withdrawal pending for past 7 days with no response or status update. No answer on customer service phone number, no response on support ticket, live chat can't help with withdrawals. I'm getting really worried about these guys. I will update when things change currently have 10K+ on deposit with them.
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Is anyone currently trading with Finpro trading and how is your experience. They seem to be unregulated but they keep cliet's money in segregated account, use FIX (https://www.fixtrading.org/), has 16 liquidity providers, can use ECN, provide low spreads and has low commission & provide almost all conditions that a trader looks for except that they are unregulated. Has anyone traded big money (over USD 50,000) and how was your experience with them ? I am currently using FOREX.com in USA and is going well but no hedging, FIFO and 50:1 is limiting me big time.
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Thanks for the detailed analysis nmscrude. There's not hundreds of reviews so it's difficult to judge this broker, but maybe it's also a good thing because usually satisfied customers don't come online to comment on their brokers, people usually only post when they are complaining.
Are you still trading with them? Could you share if you are still happy with them? Thanks!
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Thank you guys for your time and reviews. I'm new at this and I was looking for a trusty broker with good spreads. I put aside 20K$ and now I' ready to jump in. your reviews really helped me to make up my mind. So, FinPro it is going to be. Thanks!
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Already so much of mess here huh! But as a trader i am really satisfied with Finpro Trading. I must say they have extremely fast execution speed and a great scalp friendly environment. I don’t see many brokers allowing you to place a bid between the spreads. This is pretty awesome so atleast i comment here and let others know.
Good Luck
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Hello Desi,
I had two accounts with them before. Made a total of 40000 pips in a matter of few months
My first account was https://www.zulutrade.com/trader/281844
My Second account was https://www.zulutrade.com/trader/281945
closed both those accounts because I dont like "Extra" commissions that I had to pay to zulu.
But to answer your question, there was NO issue what so ever to withdraw my funds from FinPro.
Its hard to trust a forex broker but when you know you have a good forex broker, its also not a good idea to stay skeptical. As a trader our job is to make money trading ;)
For my account NMS crude, I have moved it to trade station, another platform that is offered by FinPro, thats why you will see that I dont have any trade in that account. I like Trade station more than MT4 but unfortunately I can not link trade station with MYFxBook. So there is no activity on that account since I moved it to trade station.
Hope it helps !
What is your trading style ? are you a scalper, a long term trader, a news trader ? . Because depending upon your trading style, your broker preference also might differ.
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nmscrude,
Also it appears tht you have not made a single withdrawl. On what basis you are saying that they process withdrawls without any issue?
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Hi nmscrude,
try withdrawing all the funds to see if they can process.I don't want to scare you, but no trustworthy broker in today's situation.
Thx.
Desi
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Hello desidreamer,
You have a very valid point. reviews can be forged. But I have an account with these guys and I feel they are insanely good.
There are generally 3 major issues with forex brokers.
1) They are market makers and want their clients to loose: I have an account with these guys and so fa I have made over 35000 USD. No issues in payouts and no restrictions in my trading accounts. So they really dont mind if I keep making money. Hence not a market maker
2) Lack of technology and quality feeds: Well, open a live account with them and you will know. They give upto 5 decimal points for EUR and they offer over 10 platforms to trade from.
3) Client Support: This is one of the major strengths these guys have, speak to their client support team over the phone, email them or chat with them live on their website. Always available and always ready to spend whatever time it takes to resolve your queries.
I have done more research on this broker and here are some of the things that truly stand out for this broker.
1) Very professional blog with logical trade ideas, updated regularly. check www.finprotrading.com/blog
2) Very high volume broker as per MyFXBook analysis (which is independent of these reviews and is a true benchmark of a broker's client volume) here is the link for your review : http://www.myfxbook.com/forex-broker-volume )
3) Very popular in Asia and India in general. I have done a quick check on their website popularity. Here is a link by Alexa (an Amazon company that ranks every website based on the traffic on their website) http://www.alexa.com/siteinfo/finprotrading.com#trafficstats
If you know about these rankings. Being in top 6000 websites in terms of popularity in India and being in top 75000 websites in terms of popularity means they are Hot and in Demand. Not many brokers have that high a ranking.
So far, I love this broker. But if you suspect, why not open a small $100 account with them and share your experience with MyFXBook community.
Hope I helped
Cheers !
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Beware of all these paid reviews posted by FinproTrading. This is not really an ethical way of doing business. Switch to other brokers.
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FoxPro: FinPro
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All impressed ppl, pls show any live account history with FoxPro pls
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My experience with Finpro is quite good. When I joined them I requested for some negotiations which they happily approved. I had a couple of hiccups when I was trying to connect my mt4 with myfxbook but the support team responded and helped me connecting with them. They also have a very quick and efficient payment options. No slippage till now. But I will be complaining them soon if I find something. :P :P
