Score
FXPN
Cyprus|5-10 years| https://fxpn.eu/
Website
Rating Index
Influence
Influence
C
Influence index NO.1
Cyprus 3.48Contact
Licenses
Licensed Institution：Leverate Financial Services Ltd
License No.：160/11
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic Information
Cyprus
Account Information
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Website
fxpn.eu
Server Location
Netherlands
Website Domain Name
fxpn.eu
Server IP
13.93.64.26
Genealogy
VIP is not activated.
Leverate
Levelmax
BWM Exchange
Company Summary
| FXPNReview Summary | |
| Founded | 5-10 years |
| Registered Country/Region | Cyprus |
| Regulation | Revoked |
| Market Instruments | Forex/Commodities/Stocks/Cryptocurrencies/Indices/Precious metals |
| Demo Account | ❌ |
| Leverage | Up to 1:100 |
| Spread | From 0.7 pips |
| Trading Platform | MT4(Desktop/Web/Mobile(iOS/Android)) |
| Min Deposit | €/$ 200 |
| Customer Support | Phone: +375 29 369 80 87 |
| WhatsApp: +375 44 585 69 85 | |
| Email: complaints@fxpn.by | |
| Email: support@fxpn.by | |
FXPN Information
FXPN is a broker. The tradable instruments with a maximum leverage of 1:100 include forex, commodities, stocks, cryptocurrencies, indices, and precious metals. The broker also provides three accounts. The minimum spread is from 0.7 pips and the minimum deposit is €/$ 200. FXPN is still risky due to its revoked status.
Pros and Cons
| Pros | Cons |
| Leverage up to 1:100 | Revoked |
| Various tradable instruments | No withdrawal processing information |
| MT4 available | No Islamic accounts |
| Spread from 0.7 pips | No 24/7 customer support |
Is FXPN Legit?
CySEC regulates FXPN with license number 160/11. However, the 'revoked' current status is not as safe as the regulated one.
What Can I Trade on FXPN?
FXPN offers various market instruments, including forex, commodities, stocks, cryptocurrencies, indices, and precious metals.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Stocks | ✔ |
| Cryptocurrencies | ✔ |
| Indices | ✔ |
| Precious Metals | ✔ |
| Shares | ❌ |
| ETFs | ❌ |
| Bonds | ❌ |
| Mutual Funds | ❌ |
Account Type
FXPN has three account types: silver, gold, and platinum. Traders who want low spreads can choose a platinum account, while those with a small budget can open a silver account. Everyone can also earn money by copying the success of top traders.
| Account Type | Silver | Gold | Platinum |
| Min. Deposit €/$/£ | 200 | 10000 | 50000 |
| Spread from | 1.8 | 1.3 | 0.7 |
| Commission on stocks | 0.5% | 0.4% | 0.35% |
FXPN Fees
The spread is 0.7 pips, and the commission on stocks is 0.35%. The lower the spread, the faster the liquidity.
Leverage
The maximum leverage is 1:100 meaning that profits and losses are magnified 100 times.
Trading Platform
FXPN cooperates with the authoritative MT4 trading platform, which is available on desktop, web, and mobile (iOS and Android) versions. Junior traders prefer MT4 over MT5, as MT4 provides various trading strategies and implements EA systems. Traders can also access the Sirix web and mobile versions
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Desktop/Web/Mobile(iOS/Android) | Junior traders |
| Sirix | ✔ | Web/Mobile | All traders |
Deposit and Withdrawal
The first deposit amount must be €/$/£ 200 or above. FXPN accepts bank transfers, Swift, E-wallet, debit/credit cards, etc. for deposit and withdrawal. However, transfer processing times and associated fees are unknown.
Keywords
- 5-10 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- Cyprus Market Making(MM) Revoked
- High potential risk
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善哉6447
Taiwan
I have to say FXPN is not a broker that suits beginners, as it asks for high entry capital, and trading on this platform is quite tough. Put it simply, withdrawals take a long time, which beginners cannot afford it.
Neutral
2023-02-21
FX1039430103
Netherlands
1:20 leverage on forex pairs is quite friendly because I don’t want to put myself at too many risks. So compared with others who offer a leverage ratio up to 1:500, I prefer to choose them. Also, legitimate regulation, tight spreads and the MT4 platform attract me a lot. But, the $500 minimum deposit is too high.
Neutral
2022-11-23
。94447
Hong Kong
An initial investment of $500 is too high for me, very unfriendly, I don’t usually trade with high-deposit requirement, I can never relax about my money around them, trading on this platform seems you have to pay both spreads and commissions, not a good choice. I’d better find a better alternative…
Neutral
2022-11-23
A九月九
Ecuador
I opened a silver account with this company, so far I feel the transaction cost is within a reasonable range. Of course I didn't make money all the time, I had some losses, but because I kept my leverage small, I took very little risk. I feel like in the forex market with such high risks, slow is fast.
Positive
2022-11-25