FinPro Trading states on its homepage that it is registered with FSA of St. Vincent(SVG FSA) and and carries out all the necessary regulatory obligations and offers forex activities. However, when we checked with its name on SVG FSA website, there is only a result called Finpro Inc. As there is no evidence that can prove FinPro Trading has some relationship with Finpro Inc., so we may conclude FinPro Trading is telling a lie. Besides, even if the company is registered with SVG FSA, as a forex trader, you have to know that the SVG FSA does not issue any licenses for forex trading or brokerage nor does it regulate or supervise international companies engaging in such activities. Therefore, the broker is an unregulated entity.
Based on the information above, the firm falsely states its regulation while it gets no financial oversight authority. That means investors' funds in this broker is unsafe and cannot be protected by any laws. Therefore, It is a scam.
FinPro Trading states on its homepage that it is registered with FSA of St. Vincent(SVG FSA) and and carries out all the necessary regulatory obligations and offers forex activities. However, when we checked with its name on SVG FSA website, there is only a result called Finpro Inc. As there is no evidence that can prove FinPro Trading has some relationship with Finpro Inc., so we may conclude FinPro Trading is telling a lie. Besides, even if the company is registered with SVG FSA, as a forex trader, you have to know that the SVG FSA does not issue any licenses for forex trading or brokerage nor does it regulate or supervise international companies engaging in such activities. Therefore, the broker is an unregulated entity. Based on the information above, the firm falsely states its regulation while it gets no financial oversight authority. That means investors' funds in this broker is unsafe and cannot be protected by any laws. Therefore, It is a scam.