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Score

1.36 /10
Danger

Networkfsi

United Kingdom

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://networkfsi.com

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Score

Regulatory Index0.00

Business Index5.84

Risk Management Index0.00

Software Index4.00

License Index0.00

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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

open now

Regulatory disclosure

Danger

ES CNMV
2022-11-07
WARNING FROM CNMV ON UNREGISTERED INSTITUTIONS
Networkfsi
T4Trade
ADAR Capital
1MARKET
ADAR Capital

Broker Information

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Company Name

Networkfsi

Company Abbreviation

Networkfsi

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 : 2025-02-02
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Networkfsi · Company summary

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

NetworkfsiReview Summary
Founded/
Registered Country/RegionUnited Kingdom
RegulationUnregulated
Market InstrumentsForex, Indexes, Commodities, Stocks, Cryptocurrencies
Demo Account/
LeverageUp to 1:200
EUR/USD SpreadFrom 0.1 pips
Trading PlatformWeb Trader
Min Deposit€5 000
Customer SupportTel: +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.

Networkfsi

Pros and Cons

ProsCons
Various tradable assetsWebsite unavailable
Multiple account typesUnregulated
Tight spreadsNo 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.

No license

What Can I Trade on Networkfsi?

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

Trading AssetAvailable
forex✔
commodities✔
indexes✔
stocks ✔
cryptocurrencies✔
bonds❌
options❌
ETFs❌

Account Type

Account TypeMin 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 TypeSpread
Green2.5-3 pips
Premium2-2.5 pips
Platinum1.5-2 pips
Executive1-1.5 pips
Presidential0.5-1 pips

Trading Platform

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

Trading PlatformSupported Available Devices Suitable for
Web Trader✔Web/
MT4❌Desktop, Mobile, WebBeginners
MT5❌Desktop, Mobile, WebExperienced 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.

News

ExposureWikiFX Scam Alert: CNMV Warns Against Networkfsi!!!

The Spanish regulatory body CNMV issued an official warning against Networkfsi on November 7th!!!

WikiFX
2022-11-10 10:38
WikiFX Scam Alert: CNMV Warns Against Networkfsi!!!
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Comments

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FX1190779441
more than one year
Abrir una cuenta en Networkfsi requiere una inversión de al menos 5.000 euros, lo que no es muy amigable para los novatos. Y ahora su sitio web ha desaparecido.
Abrir una cuenta en Networkfsi requiere una inversión de al menos 5.000 euros, lo que no es muy amigable para los novatos. Y ahora su sitio web ha desaparecido.
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2022-12-20 11:25
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霸气玫瑰
more than one year
Please, put an end to your incessant ringing. Not only will I not buy any of your products, but I also will not be use your service. I have no idea where they're coming from, and they're driving me crazy! In any case, they may always find a method to contact me.
Please, put an end to your incessant ringing. Not only will I not buy any of your products, but I also will not be use your service. I have no idea where they're coming from, and they're driving me crazy! In any case, they may always find a method to contact me.
Translate to English
2022-12-20 10:48
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