As can be seen, the Finpro Business trading brand operates under the ownership of FINPRO CONSULTING LTD. Allegedly, this firm has been registered in Slovakia in 2015. Yet, the truth is a bit different.
In any case, there are far more important details that reveal why people should not trust this company. Watch out for all bits of advice in this Finpro Business review if you want to trade safely in the future.
| Regulated by: | No regulations |
| Is This Company Safe? | No |
| Known Websites: | Finpro.business |
| Have Warnings from: | N/A |
| Registered in: | Slovakia |
| Operating since: | 2023 |
| Trading Platforms: | Proprietary platform |
| Maximum Leverage: | 1:100 |
| Minimum Deposit: | $250 |
| Deposit Bonus: | N/A |
| Trading Assets: | Cryptocurrencies, Forex, Commodities, Indices, Shares |
| Free Demo Account: | Not available |
| How to Withdraw from This Company? | Without adequate regulations and legal document transparency, traders can’t expect smooth withdrawals with this company. At first glance of withdrawal problems, contact our refund team for step-by-step refund guidance. |
Legal info: Is Finpro Business Legit or A Scam?
With headquarters in Europe, the company raises its credibility. However, it should comply with certain regulations to make its business entirely legitimate. In the first place, it must comply with the MiFID II directive and ESMA regulations, as well as domestic and other tier-1 regulations in the countries where it operates.
But checking the NBS (Slovakia) register didn’t bring any good results. Neither did research on FCA, BaFin, CNMV, and CONSOB. With this in mind, there’s no doubt the company’s activities are absolutely illegal. Another similar example you can find in our T1Markets review. So, watch out for our upcoming advice.
Who are Finpro Business’s Victims?
The lie about the company’s registration date can be easily resolved. You just have to check the company’s domain and voila. You realize they have been operating only for about a year. Not to mention, they claim to have more than 2 million customers. Yet, there are no Finpro Business reviews available.
That’s why we have to rely on the website traffic to determine where they advertise their services. Those countries are:
- Slovakia
- Czechia
- United Kingdom
- New Zealand
If you have any experience with this brokerage, feel free to share it with us. Ultimately, once we know your experience, our team can guide you through the refund process.
Leverage, Commissions, Spreads, Fees and Taxes
A huge problem with Finpro Business broker is a lack of cost transparency. They only reveal the leverage of up to 1:100. Even though it’s not insanely high, it is still above the maximum allowed for European brokers.
But if you don’t know what fees and commissions are, trading with a broker is practically pointless. Testing it out in Finpro Business CFD trading would make it even riskier.
Bonuses
Currently, the company’s presentation doesn’t reveal any bonus deals. We find this positive since bonuses with unregulated brokers never end well.
Sadly, the Finpro Business trading platform doesn’t reveal its T&Cs and potential bonus policies. Learn how to avoid such traps by reading our Exton Global review.
Finpro Business Trading Features
Important to realize is that the company doesn’t reveal any advanced features whatsoever. So, if you are looking for EAs, copy, and social trading, we suggest you look elsewhere.
But after you complete registration and the Finpro Business login procedure, don’t be surprised if you only get access to basic functionalities.
Trading Platforms Available
Instead of trusted options like cTrader or Meta Trader, this firm opted for a proprietary platform. Even though they advertise it as the Finpro Business app, that’s far from true.
We say it primarily because there are no download options available. This tells you that the only thing you will get is a web-based platform. That should ring a bell again to avoid this investment firm.
Available Trading Assets
You can’t find out what they offer without transparent platform access. The only thing we can do is trust their presentation. Allegedly, there are more than 100 assets, such as:
- Currency pairs – EUR/AUD, NZD/HKD
- Commodities – gold, silver
- Shares – Amazon, Tesla
- Indices – S&P500, NYSE
- Cryptos – ETH, LTC
Account Types
Generally speaking, the company’s account types don’t reveal some significant benefits. After all, without regulations, you can consider it all fictive. The minimum deposit starts at $250, and after you deposit $10.000, you get benefits like:
- Deposit protection
- 24/7 personal support
But if you deposit more than $25.000, you get unclear additional VIP services. All in all, nothing promising.
Mobile Trading App
Another problem with this firm is that they present the Finpro Business app as the downloadable software. However, the truth is that it’s only a web-based platform optimized for mobile. Yet, it brings all the same risks as the regular platform.
Demo Account
A huge disadvantage of this offshore firm is also a lack of a demo account. But that’s exactly the point. To keep all the flaws hidden from curious eyes. That’s why you should opt for Tier 1 licensed firms and enjoy much more safely.
Education
When it comes to education, this company doesn’t offer any. That’s highly unprofessional, considering they offer you investment services. Yet, the idea is to keep traders uninformed and uneducated as long as possible. Otherwise, they couldn’t scam them properly.
Finpro Business Withdrawal
In general, without transparent legal documents and a withdrawal policy, it’s hard to predict the conditions. In any case, without a license, none of that matters. Even if they are fully transparent about it.
So, if you try Finpro Business withdrawal, prepare your nerves. They will do anything in their power to prolong withdrawal and even extort more money through non-existent costs. Such as taxes and fees.
Customer Support
If you want to get in touch with this firm, you have a few options. However, note that they’re only available between 9 AM and 9 PM GMT+1 on working days.
There’s a phone line, e-mail, and contact us form. Sadly, some advanced support options are not available. Let us know what’s your experience with the company’s support.
Key Information To Consider About Finpro Business
As can be seen, there are numerous flaws in Finpro Business scam broker operations. Primarily with regulation and transparency. Not to mention the highly suspicious trading platform and zero withdrawal transparency. Eventually, all this can cost you heavily.
However, if that happens there is a way to recover it. However, the method depends on the payment option you were using to transfer the funds. Therefore, the best option is to talk to our refund specialists to explore your options. Most importantly, you can do it for free in the first consultation. Get in touch and book yours now.
FAQ Section
What is Finpro Business?
Finpro Business is a Slovakian-based trading firm that has been operating since 2023 mainly in Europe.
Is Finpro Business Regulated?
No. Finpro Business doesn’t have any regulations. Especially not the ones required in countries where they offer services like the UK and New Zealand.
What is a Chargeback?
Chargebacks are reversed card transactions completed upon dispute resolution. If you want to get your money back via chargeback, contact us for assistance.
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