SENTFUNDS

FinPro Trading

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in

High Risk

Reported as a scam / unregulated

SF-704235registry entry

Why FinPro Trading is on the register

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.

If you have money with this broker

  1. Stop sending funds. Do not pay any further “fees”, “taxes” or “verification” charges to release a withdrawal — this is a common secondary scam.
  2. Preserve evidence. Save transaction IDs, wallet addresses, chat logs, and every screenshot before the account is closed.
  3. Report it. Notify your bank/exchange and your national financial regulator so the activity is on record.
  4. Get guidance. Tell us what happened and we will point you toward the right next step. We are a free public registry — we never charge any fees.
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SentFunds is an information and referral service. Listing reflects reported concerns and public findings; it is not a legal determination.