FinproTrading-Overview of Minimum Deposit, Spreads & Leverage

General Information

FinproTrading is allegedly a broker based in the USA that provides its clients with three industry-leading trading platforms (ActTrader, Metatrader4 and Metatrader5), leverage up to 1:500, low spreads on various tradable assets, as well as a choice of three different account types.

Market Instruments

FinproTrading advertises that it mainly offers four different classes of trading instruments in financial markets, including forex, commodities, indices and cryptocurrencies.

Account Types

There are three live trading accounts offered by FinproTrading, apart from demo accounts, namely Micro, ECN and VIP. Opening a Micro account requires the minimum initial deposit amount of $5, while the other two account types with the much higher minimum initial capital requirements of $100 and $2,500 respectively.

Leverage

The maximum leverage ratio provided by FinproTrading is much higher than most brokers, up to 1:500. Bear in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.

Spreads & Commissions

Spreads are influenced by what type of accounts traders are holding. FinproTrading reveals that the spreads in the Micro account start from 0.02 pips, while the other two account types can enjoy spreads from 0.00 spreads. All charging a commission of $2/100K. More detailed information about spreads can be found in the following screenshot.

Trading Platform Available

When it comes to trading platforms available,FinproTrading gives traders three choices: ActTrader, Meta trader 4 and Meta trader 5. ActTrader is available on Windows, WebTrader, Android and iOS, featuring interactive risk management, uncluttered and highly responsive, graphics and visual representation. By contrast, MT4 is available on Windows, Android and iOS, featuring many kinds of charting tools, automated trading and analytics. While MT5 is also available on Windows, Android and iOS, featuring an inbuilt strategy tester and more, offering a variety of pending orders, order execution modes and hedging option systems.

Tools

FinproTrading also provides its clients with an extensive range of tools, including calculators of commission, margin, multi-target, pivot points, profit & loss, Fibonacci, pip value, swap, position size and currency convertor.

Deposit & Withdrawal

FinproTrading accepts deposits via 20+ cryptocurrencies of Bitcoin, Litecoin, Ethereum and others. As for the processing time of deposit and withdrawal requests, deposits are instant and funds will be transferred within 24-48 hours to your account. While all the withdrawals can be processed within 48 working hours and the withdrawal is subject to the same payment gateway as that of the deposit.

Customer Support

FinproTrading‘s customer support can be reached through telephone: 12029461666, email: contactus@finprotrading.com or send messages online to get in touch. However, this broker doesn’t disclose other more direct contact information like company address while most brokers offer.