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FXPN Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-11-26 18:30

Abstract：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 Review Summary
Founded	2-5 years
Registered Country/Region	Belarus
Regulation	Exceeded
Market Instruments	Forex & CFDs on stocks, precious metalscommodities, ndices, cryptocurrencies
Demo Account	Available
Leverage	1:200
Spread	Silver: from l.l pips Gold: from 0.8 pips Platinum: from 0.5 pips VIP: from 0.2 pips
Trading Platform	SIRIX Web Trader & Mobile trading
Min Deposit	$/€/£ 500
Customer Support	Telephone 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.

Pros and Cons

Pros	Cons
Demo accounts available	Exceeded and suspicious clone
Multiple account types	Commission charged
Variable spreads from 0.2 pips	MT4 & 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 Country	Regulated Authority	Regulated Entity	License Type	License Number
	FSCA	Financial Sector Conduct Authority	Financial Service Corporate	51545
	CYSEC	WGM Services Ltd	Market Making(MM)	160/11

What Can I Trade on FXPN?

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

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.

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	Supported	Available Devices	Suitable for
SIRIX Web Trader	✔	Website	Investors of all experience levels
Mobile Trading app	✔	IOS, Android	Investors 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.