Networkfsi Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-12-27 18:57

Abstract：Networkfsi is an unregulated forex broker based in the United Kingdom. Its market instruments include indexes, commodities, stocks, and cryptocurrencies, in addition to forex. The leverage on this platform is up to 1:200. Investors need to deposit at least €5 000 to start trading on Networkfsi.

　　Note: Networkfsi's official website - https://networkfsi.com is currently inaccessible normal.

NetworkfsiReview Summary
Founded	/
Registered Country/Region	United Kingdom
Regulation	Unregulated
Market Instruments	Forex, Indexes, Commodities, Stocks, Cryptocurrencies
Demo Account	/
Leverage	Up to 1:200
EUR/USD Spread	From 0.1 pips
Trading Platform	Web Trader
Min Deposit	€5 000
Customer Support	Tel: +44 2080976007
Customer Support	Company Address: 25 Basinghall St, London EC2V 5HA

　　Networkfsi is an unregulated forex broker based in the United Kingdom. Its market instruments include indexes, commodities, stocks, and cryptocurrencies, in addition to forex. The leverage on this platform is up to 1:200. Investors need to deposit at least €5 000 to start trading on Networkfsi.

Pros and Cons

Pros	Cons
Various tradable assets	Website unavailable
Multiple account types	Unregulated
Tight spreads	No MT4/5
	High minimum deposit requirement
	Withdrawal fee charged

Is Networkfsi Legit?

　　Networkfsi appears to be an unregulated broker. You should stay away from this platform in order to keep your money safe.

What Can I Trade on Networkfsi?

　　Networkfsi claims to offer market instruments including forex currency pairs, indexes, commodities, stocks, and cryptocurrencies.

Trading Asset	Available
forex	✔
commodities	✔
indexes	✔
stocks	✔
cryptocurrencies	✔
bonds	❌
options	❌
ETFs	❌

Account Type

Account Type	Min Deposit
Green	€5,000
Premium	€25,000
Platinum	€50,000
Executive	€100,000
Presidential	€250,000

Leverage

　　The leverage is capped at 1:200. However, according to the regulations, British and Australian brokers have to limit their clients to 1:30, while US brokers cant provide more than 1:50. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Spread

Account Type	Spread
Green	2.5-3 pips
Premium	2-2.5 pips
Platinum	1.5-2 pips
Executive	1-1.5 pips
Presidential	0.5-1 pips

Trading Platform

　　The only available trading platform on Networkfsi is a Web Trader.

Trading Platform	Supported	Available Devices	Suitable for
Web Trader	✔	Web	/
MT4	❌	Desktop, Mobile, Web	Beginners
MT5	❌	Desktop, Mobile, Web	Experienced trader

Deposit and Withdrawal

　　Networkfsi accepts credit cards and bank transfers only. The minimum initial deposit requirement is extremely high - €5,000. It also charges a 20% withdrawal fee.