FinPros

Maximise FinPros Broker Earnings with Cashback Bonuses

FinPros and STIC Cashback are proud to announce the launch of our cashback bonus program. Every trader is now eligible for cashback on all trades with credit sent directly back to their account based on a percentage of trade volume.

The FinPros cashback bonus is just one of many promotions offered by the broker designed to boost trading profits and optimise the experience. Traders may also benefit from loyalty rewards and similar schemes.

FinPros Cashback Bonus – Key Terms and Conditions

• FinPros offer 5 different account types

• STIC Cashback ranges from US$0.40-$9 (bonus) per lot

• Settlement period is weekly

• Minimum lot size is 0.01

FinPros Broker Background and History

Founded in 2020, FinPros is registered in Seychelles and headquartered in Cyprus. The broker has CYSEC regulation in Cyprus and FSA regulation in the Seychelles. As a relatively new company, they have not yet won any major awards but are fast gaining traction in the industry thanks to a strong offering including super-fast trading speeds and a diverse range of account types.

FinPros Broker Regulation and Safety

FinPros are registered in the Seychelles and regulated by the Financial Services Authority (‘FSA’) as a Securities Dealer. FinPros operates under the Securities Act and the Securities Regulations of its jurisdiction. In addition, Finpros Financial (Cyprus) Ltd a Cyprus Investment Firm is regulated by the Cyprus Securities and Exchange Commission (CySEC).

Negative balance protection helps to safeguard client funds using a range of automated risk management tools including close-outs and margin calls. As a licensed securities dealer, FinPros takes client fund protection very seriously. This includes segregated bank accounts and optimum deposit protection. FinPros also has professional indemnity insurance.

Online security is a top priority for FinPros. The broker’s security protocols include a secure client area for protected transactions and a two-factor authentication process. The FinPros Security Pin process includes a system-generated 6-digit PIN number known only to the trader and authorised FinPros representatives.

FinPros Account Registration, Verification and Login

FinPros offers instant account activation with a custom AI-based process. Sign-ups take less than 60 seconds including an easy-to-follow, step-by-step process. Automated identity verification and AML screening/background checks speed up the process.

Once the FinPros account setup is complete, it’s time to register your trading account details with STIC Cashback to start trading and receiving your bonus. You’ll need to set up an account with STICPAY which is a quick, easy process. Finally, you’ll need to log in and access the ‘My Cashback’ menu to confirm that your trading account is approved.

Account Options at FinPros Broker

FinPros offers four different account types: Pro, Raw+, Social and ClassiQ. All accounts offer the following: negative balance protection, max leverage of 1:500, a range of account currencies, market execution, one-click trading, a stop-out level of 30% and a maximum volume of 50 lots.

Both the Raw+ (FinPros' most popular account) and the Pro account are suitable for scalpers and day traders. Raw+ offers spreads from 0.0 and commission from $2.5/lot/side while Pro offers spreads from 1.0 and 0 commission.

Both the ClassicQ and Social are suited to beginners while Social is also recommended for social traders. Both offer spreads from 1.6 and zero commission.

FinPros FX Trading Platforms

FinPros operates solely using the MT5 platform – a multi-asset trading system including a wealth of tools to support successful trading. Available on desktop and web or as a mobile app, MT5 offers sophisticated technical and fundamental analysis. Tools include 80 built-in technical indicators and advanced analytical objects. They also offer automated trading via the Expert Advisers where traders can access low latency and fast trade execution with the support of high-grade algorithmic trading.

FinPros Trading Instruments

FinPros offers a wide range of trading instruments including currency pairs, stocks, metals, energy and indices. They offer high liquidity and tight spreads starting from 0.0 pips on RAW+ accounts and 1.0 on Pro accounts.

Regarding typical spreads and commission rates, both the ClassiQ and Social accounts offer spreads from 1.6, the Pro Account offers a spread of 1.0, and the Raw+ Account offers a spread of 0.0 plus a commission from $2.50 per lot per side.

FinPros Broker Trading Conditions

FinPros offers a maximum leverage of 1:500 across all account types.  The leverage available for different instruments is as follows:

• Currencies 1:500

• Silver - XAGUSD 1:100

• Gold - XAUEUR, XAUUSD 1:200

• Palladium – XPDUSD 1:20

• Platinum – XPTUSD 1:20

• Oil and Natural Gas 1:100

• Indices 1:200 (except Hang Seng 1:100)

• Stocks 1:10

While slippage can occur with any trade due to market volatility, FinPros offers a significant advantage over competitors in this aspect. Thanks to exceptionally fast execution via a sophisticated system, trades take place at lightning speed and the chance of slippage, requotes and losses is extremely low.

FinPros Forex Fees and Costs

FinPros charges 0% internal brokerage fee, 0% commission and 0% markup with no restrictions on trading volume. The ClassiQ, Pro, and Social accounts are spread only, $0 commission per lot.

Raw+ has a small commission from $2.50 per lot per side.

FinPros Broker Deposit and Withdrawal Methods

FinPros offers the following methods for both deposit and withdrawal:

• Bank wire

• Credit /Debit Card

• Crypto

• Sticpay

• Ecom

• Help2Pay

• Korapay

• Pix

• Interac

• Clic

Deposits are processed within a few seconds. Bank wire may take longer (up to 1-2 days) depending on bank notification. FinPros aims to process withdrawals within 24 hours during business days. All transactions are secured through SSL encryption and there are no fees for deposits or withdrawals, with the exception of bank wire transfers.

For bank wire deposits over $200, traders need to send FinPros a copy of the bank transfer after which fees will be credited back to the client account. For withdrawals under $200, fees will be charged to the client. For bank wire withdrawals over $200, there are no fees.

FinPros Customer Support

Operating with a “customer-first business approach”, FinPros offers support via email, live chat and online form submission. Their “First Responder Policy” guarantees quick solutions through a single point of contact. This is a welcome benefit to those tired of talking to different customer service reps to solve a problem.

The FinPros customer service stats are impressive with an average of 21 seconds to respond on live channels and an average handling time of just over 4 minutes. In addition, more than 95% of queries are resolved on first contact.

Fin Pros Broker FAQs

How do FinPros achieve such fast execution?

By using an incredibly advanced trading engine situated alongside their liquidity providers to eliminate latency (EFX1 Suite, Equinix LD4, London). Traders are linked to prime pricing via a 10 Gbps cross-connect, data gets routed at speeds below 1 microsecond and orders are processed by a gateway capable of 10,000 trades per second. FinPros also use 25Gb/sec SmartNIC ASIC network cards to optimize network traffic processing. All trades are also replicated on a backup engine.

What is social trading and how can I get started?

Especially suitable for beginner traders, social trading is a way of cloning the trades of top-performing traders. This can be done by downloading the FinPros social app and linking it to the individual trading account. Traders can then view the portfolios, stats, risk scores, and more of the top traders. Expert traders can benefit the other way round – by letting beginner traders copy them and getting paid for it!

Do FinPros offer any other resources to help traders optimise their experience?

Yes. A wealth of resources on the FinPros website include access to Forex seminars from industry experts, key insights on their blog (including guidance on using the MT5 platform) and an extensive FAQ section. They also have a glossary to help traders familiarise themselves with key terminology.

What is unique about the FinPros pricing model?

Designed to suit the very specific and varied requirements of traders, the FinPros pricing model means that all four types of account share very different features to cater to all. The ClassiQ offers spreads far below the industry average to support beginner traders, while the Pro offers very competitive spreads and zero commissions. One key point that FinPros like to highlight is the Raw+ account offering where exceptionally tight spreads combine with a small commission per side to keep trading costs to a minimum, and to maximise profits.