FinPros runs a tiered account structure from a $10 Cent account up to a $20,000 Raw+ account, and is dual-regulated by CySEC in Cyprus and the FSA in Seychelles.
| Regulated entity | Finquotes Financial (Cyprus) Ltd |
|---|---|
| Regulation | CySEC No. 418/22 + FSA Seychelles No. SD087 |
| Other Tier-1 regulators | None confirmed |
| Founded | 2020 |
| Headquarters | Limassol, Cyprus |
| Minimum deposit | $50 (ClassiQ account; $10 Cent account, $500 Pro, $20,000 Raw+) |
| Avg. spread (EUR/USD) | 1.5 pips |
| Platforms | MT5 |
| Instruments | 400+ instruments across forex, crypto, indices, metals, energies and global stocks |
See FinPros's full regulation dossier → · How to check whether a forex broker is regulated
Derived from the same confirmed data behind this broker's score (regulation, cost, platforms, deposit minimum) -- not a separate editorial judgment.
Via its CySEC-regulated Cyprus entity, eligible clients are covered by Cyprus's Investor Compensation Fund (ICF) up to €20,000 per person if the firm fails. Via its Seychelles FSA-licensed entity, there is no statutory investor compensation scheme -- if that entity fails, there is no guaranteed fund to recover client money from.
Beyond the headline spread and minimum deposit above. Where our research hasn't independently confirmed a specific detail, we say so rather than guess -- verify directly with the broker before relying on it.
| Account types | Reportedly four live account tiers; an "Edge" account (spreads from 0.4 pips, zero commission, minimum around £800, leverage up to 1:400) and a swap-free "ClassiQ" account are the two most clearly documented. Founding year is cited inconsistently across sources (2020 vs. 2021). |
|---|---|
| Execution model | Described as no-dealing-desk, with marketing claims of co-located servers and sub-microsecond routing -- these are infrastructure/speed claims, not independently verified. |
| Withdrawals & deposits | Methods include credit/debit card, bank wire, crypto, and Korapay. No deposit fees, and FinPros reportedly reimburses bank-wire fees for deposits above 200 units of major currencies. Minimum withdrawal is 200 units of the account's base currency, via bank wire or Tether (USDT). Bank transfers take 3-5 business days, cards up to 7 business days, e-wallets often same-day. |
| Overnight financing (swap) | Swap fees apply on all accounts except the swap-free ClassiQ account; the benchmark-plus-markup calculation wasn't disclosed. |
| Currency conversion cost | Not found -- no specific fee or percentage was located. |
| Inactivity fee | Not found. |
| Customer service | One reviewer cites a 21-second average support response time (reviewer-measured, not independently re-verified). Trustpilot rates it "Average," 3.5/5 from 25 reviews; the company replies to all negative reviews but often takes over a month, with mixed feedback on support responsiveness. Note: a differently-named entity, "FXFINPRO," was separately fined and its CEO banned by CySEC -- this is a different company and shouldn't be confused with FinPros/Finquotes. |
| Mobile experience | Not found. |
| Educational offering | Not found -- no webinar or course content specifically surfaced. |
See how FinPros's spread cost compares across every researched broker → · Forex broker fees explained
Is FinPros regulated?
Yes -- CySEC No. 418/22 + FSA Seychelles No. SD087. See the regulation dossier on this page for the underlying licence numbers.
Is my money protected if FinPros fails?
Via its CySEC-regulated Cyprus entity, eligible clients are covered by Cyprus's Investor Compensation Fund (ICF) up to €20,000 per person if the firm fails. Via its Seychelles FSA-licensed entity, there is no statutory investor compensation scheme -- if that entity fails, there is no guaranteed fund to recover client money from.
What is the minimum deposit at FinPros?
Our research confirms a minimum deposit of $50 (ClassiQ account; $10 Cent account, $500 Pro, $20,000 Raw+).
What trading platforms does FinPros offer?
FinPros offers MT5.
What is FinPros's average spread on EUR/USD?
Our research confirms an average EUR/USD spread of 1.5 pips. See our cost calculator to compare this across every broker we've reviewed.
When was FinPros founded?
FinPros was founded in 2020.
How is FinPros's overall score calculated?
FinPros currently scores 2.7/5 overall under our disclosed nine-category methodology -- regulation & client protection 30%, trading costs 20%, non-trading fees 10%, platforms & tools 10%, execution/trading conditions 10%, product range 5%, deposits/withdrawals 5%, transparency 5%, track record 5%. It is not a comparison to other brokers and not based on hands-on testing.
A dated log of when our own published data about this broker actually changed -- not a reconstructed history of what the broker itself did. See the full change log tool for every broker.
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