Networkfsi
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 |
| 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.
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