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FXPN -

Score

3.57 /10
Danger

FXPN

Belarus

2-5 years

Regulated in South Africa

Financial Service Corporate

Self-developed

Suspicious Scope of Business

Suspicious Overrun

Medium potential risk

https://fxpn.com

Influence

D

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Comparison

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Exposure

Time Machine
Website

Score

Regulatory Index3.51

Business Index6.26

Risk Management Index0.00

Software Index4.37

License Index3.51

Time Machine
Website

Licenses

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

Leverate Capital Markets Limited Liability Company

Company Abbreviation

FXPN

Platform registered country and region

Belarus

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2024-12-23
  • This broker exceeds the business scope regulated by South Africa FSCA(license number: 51545)National Futures Association-UNFX Non-Forex License. Please be aware of the risk!
  • The CyprusCYSEC regulation (license number: 160/11) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Verification

FXPN · Company summary
FXPN Review Summary
Founded2-5 years
Registered Country/RegionBelarus
RegulationExceeded
Market InstrumentsForex & CFDs on stocks, precious metalscommodities, ndices, cryptocurrencies
Demo AccountAvailable
Leverage1:200
SpreadSilver: from l.l pips Gold: from 0.8 pips Platinum: from 0.5 pips VIP: from 0.2 pips
Trading PlatformSIRIX Web Trader & Mobile trading
Min Deposit$/€/£ 500
Customer SupportTelephone number: +357 29 369 80 87 (Monday-Friday 9 AM-6 PM)Email: support@fxpn.by

FXPN Information

FXPN, a forex and CFD broker registered in Belarus, offer its clients a wide range of tradable financial instruments with leverage up to 1:200, a floating spread of 0.2 points on SIRIX network traders and mobile trading platforms, and four different real account types to choose from.

FXPN Information

Pros and Cons

Pros Cons
Demo accounts availableExceeded and suspicious clone
Multiple account typesCommission charged
Variable spreads from 0.2 pipsMT4 & MT5 unavailable
High minimum deposit

Is FXPN Legit?

FXPN has an Exceeded license from the Financial Sector Conduct Authority (FSCA) and a license from the suspicious clone Cyprus Securities and Exchange Commission (CYSEC).

Regulated CountryRegulated AuthorityRegulated EntityLicense TypeLicense Number
Is FXPN Legit?
FSCAFinancial Sector Conduct AuthorityFinancial Service Corporate51545
Is FXPN Legit?
CYSECWGM Services LtdMarket Making(MM)160/11
Is FXPN Legit?
Is FXPN Legit?

What Can I Trade on FXPN?

FXPN offers trading instruments such as forex and CFDS for stocks, precious metals, commodities, indices and cryptocurrencies.

What Can I Trade on FXPN?
Tradable Instruments Supported
Commodities✔
Stocks✔
Currencies❌
Crypto currencies✔
Indices✔
Precious metals✔
Binary Options❌
Mutual Funds❌
Futures❌

Account Types

FXPN offers four types of real trading accounts, namely Silver, Gold, Platinum and VIP, with minimum initial deposit requirements of $/€/£500,$/€/£10,000,$/€/£50,000 and $/€/£150,000 respectively.

Demo accounts with no maturity date are available. Demo accounts that have not been activated for more than 90 days since the last login will be closed. A maximum of 5 active demo accounts are allowed.

Account Types

Leverage

The maximum leverage ratio offered by FXPN is 1:200.

FXPN Fees

Customers with silver accounts can enjoy a spread of 1.1 pips, while customers with the other three accounts can enjoy a spread of 0.8, 0.5 and 0.2 pips respectively.

Stock commission: Silver account 0.5%, Gold account 0.4%, Platinum account 0.35%, VIP account 0.3%.

Trading Platform

SIRIX Web Trader and Mobile Trading apps on iOS and Android are chosen by FXPN to serve clients.

Trading Platform
Trading PlatformSupported Available Devices Suitable for
SIRIX Web Trader✔WebsiteInvestors of all experience levels
Mobile Trading app✔IOS, AndroidInvestors of all experience levels

Deposit and Withdrawal

FXPN supports bank transfer, Swift, e-wallet, debit/credit card or any other electronic money transfer method.

The minimum initial deposit requirement is said to be $/€/£500.

FXPN charges a transaction fee, a standard fee charged for silver accounts, a 10% discount for gold accounts, a 25% discount for platinum accounts, and a 50% discount for VIP accounts.

Deposit and Withdrawal

User Reviews

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User comment

3

Comments

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FX1051863289
more than one year
You will never make any profits here. Their account managers are very unprofessional. They will only command blindly, and finally, you will lose more. Believe in yourself rather than listen to their advice! You know, in the final analysis, they are all trying to defraud you of your money, and they can't help you make money. There will be no pie in the sky, and you must bring your brains when trading.
You will never make any profits here. Their account managers are very unprofessional. They will only command blindly, and finally, you will lose more. Believe in yourself rather than listen to their advice! You know, in the final analysis, they are all trying to defraud you of your money, and they can't help you make money. There will be no pie in the sky, and you must bring your brains when trading.
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2022-11-25 11:18
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Berlin44615
more than one year
This platform tried so hard to convince me to put my money here, the moment I opened an account, made my deposit of $400, they suddenly changed their face. They are just a group of people who are interested in one thing only: your money. I’ve lost my initial deposit within 2 days, and my account manger disappeared…
This platform tried so hard to convince me to put my money here, the moment I opened an account, made my deposit of $400, they suddenly changed their face. They are just a group of people who are interested in one thing only: your money. I’ve lost my initial deposit within 2 days, and my account manger disappeared…
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2022-11-24 16:45
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