There are three trading accounts are provided by FXFINPRO Capital. These three trading accounts differ in the minimum deposits, leverages, spreads, trading lots, and trading platforms. Also, Percentage Allocation Management Module or PAMM account is provided for more trading benefits. The broker is based on Cyprus and claims to be regulated by CySEC. However, CySEC has withdrawn the license in 2018. More on this is discussed in this FXFINPRO Capital review. Read the full FXFINPRO review here.
About FXFINPRO Capital:
ECN Micro, ECN Standard, and ECN Professional are three trading accounts that need a minimum investment of $50, $500, and $500. Trade size from 0.01 to 0.1 is offered with leverages from 1:200 to 1:500. Several trading platforms like MetaTrader, JForex, JavaAPI, ProTeader and FIXAPI are also offered on different trading accounts. The company called PFX Financial Professionals Limited situated in Cyprus is the owner of the brand name FXFINPRO Capital. Till 2018 the broker holds a valid license from CySEC but later it was withdrawn. Now the broker is unregulated. The minimum deposit required of $50 is considered reasonable. EUR/USD based spreads of 0.3 pips are also lucrative. But on MetaTrader, it is around 1 pip including commission. The leverages as high as 1:500 can be seen but in regulated markets, they are capped at 1:100. As said earlier many trading platforms are provided that has many advantages over each other. These advantages are many market indicators, charts, automatic trading, expert advise, multi-account management, and others. All kinds of payment options can be seen including credit cards, bank transfer, and electronic wallets.
The broker also facilitates PAMM facility that ensures trading by an experienced account manager with higher profits. Sadly, many regulated markets have banned managed account facility.
Is FXFINPRO Capital scam or legit?
The broker does not hold a license to operate as a broker. It means money invested in it posses high loss risk. High leverage levels are provided that are banned in regulated markets. The spreads differ based on the trading platform used and it is worrying fact. All of these problematic characteristics of FXFINPRO Capital make us say that the broker is a potential scam broker 2020. Money invested is not safe with it and must be avoided trading with it.