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FCNW -

Score

1.36 /10
Danger

FCNW

United Kingdom

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://www.fcnwtmarket.com/en/index.htm

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Comparison

Quantity 3

Exposure

Time Machine
Website

Score

Regulatory Index0.00

Business Index5.83

Risk Management Index0.00

Software Index4.00

License Index0.00

Time Machine
Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

FCNW MARKET LTD

Company Abbreviation

FCNW

Platform registered country and region

United Kingdom

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-12-29
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Exposure

3 pieces of exposure in total
Pyramid scheme complaint
Expose
FCNW · Company summary
FCNW Review Summary
Founded2-5 years
Registered Country/RegionUnited Kingdom
RegulationUnregulated
Market InstrumentsForex, Indices, Commodities, Shares, Crypto
Demo Account❌
LeverageUp to 1:500
SpreadStarting from 1.3 pips (Standard Account)
Trading PlatformMT4, MT5, WebTrader (claim but unverified)
Min Deposit$20
Customer Support/

FCNW Information

Pros and Cons

Pros Cons
Low minimum deposit ($20)Unregulated
Wide range of tradable instrumentsNo Islamic account
Claims to offer MetaTrader 4 and 5 platformsNegative comments on withdrawal issues, bonus programs and high withdrawal fees
High leverage (up to 1:500)

Is FCNW Legit?

Since FCNW Market runs free from any financial regulatory control, it is not a legitimate broker. The broker does not carry licenses from respectable authorities such as ASIC (Australia) or the FCA (UK). Its unregulated problems can not guarantee the safety of investors.

Is FCNW Legit?

What Can I Trade on FCNW?

Forex, commodities, cryptocurrencies, and CFDs on indices and shares are among the financial instruments FCNW presents for trading.

Tradable Instruments Supported
Forex✔
Commodities✔
Crypto✔
CFD✔
Indexes✔
Stock✔
ETF❌

Leverage

For FX trading, FCNW provides leverage of up to 1:500. High leverage raises risk even when it lets traders control bigger holdings with less capital. Higher leverage is dangerous, particularly for novice traders since it can magnify losses as well as gains. Leverage in cryptocurrency runs up to 1:50.

FCNW Fees

Spreads begin for the Standard Account at 1.3 pips. No reference to particular fees or commission systems is made.

Non-Trading Fees

Non-trading Fees
Deposit FeeNot mentioned
Withdrawal FeeHigh withdrawal fees, up to 20%
Inactivity FeeNot mentioned

Trading Platform

Trading PlatformSupported Available Devices Suitable for
MT4✔Desktop, WebBeginner to advanced traders
MT5✔Desktop, WebAdvanced traders
WebTrader✔WebConvenient trading on the go

Deposit and Withdrawal

Numerous studies of withdrawal problems abound; people struggle with processing and pay heavy withdrawal costs.

Deposit Options

Deposit Options Min. DepositFees Processing Time
VISA, Mastercard, Skrill$20Not mentionedInstant
Neteller, USD Tether$20Not mentionedInstant
Bank wire, Bitcoin$20Not mentionedInstant

Withdrawal Options

Withdrawal Options Min. Withdrawal Fees Processing Time
VISA, MastercardNot mentionedHigh feesNot specified
Neteller, Skrill, BitcoinNot mentionedHigh feesNot specified

User Reviews

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User comment

4

Comments

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fengsheng
more than one year
I've heard reports of people struggling to withdraw their money, and now the FCNW website is unavailable, making me worried that the broker might have disappeared. The lack of customer support and no clear contact information adds to the frustration. I would strongly advise against trading with FCNW, as there's a high risk of losing your money. Look for a regulated broker with a better reputation to ensure a safer trading environment.
I've heard reports of people struggling to withdraw their money, and now the FCNW website is unavailable, making me worried that the broker might have disappeared. The lack of customer support and no clear contact information adds to the frustration. I would strongly advise against trading with FCNW, as there's a high risk of losing your money. Look for a regulated broker with a better reputation to ensure a safer trading environment.
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2023-12-08 10:19
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zwj39322
more than one year
So far, my experience has been positive, and I haven't encountered any issues with withdrawals. Overall, FCNW provides a good trading environment for those looking to explore different assets.
So far, my experience has been positive, and I haven't encountered any issues with withdrawals. Overall, FCNW provides a good trading environment for those looking to explore different assets.
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2023-12-07 19:05
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