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FXPN -

Score

1.51 /10
Danger

FXPN

Cyprus

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

Cyprus Market Making(MM) Revoked

High potential risk

https://fxpn.eu

Influence

C

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Score

Regulatory Index0.00

Business Index6.98

Risk Management Index0.00

Software Index4.00

License Index0.00

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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 Financial Services Ltd,

Company Abbreviation

FXPN

Platform registered country and region

Cyprus

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 3
Previous Detection : 2025-02-02
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!

WikiFX Survey

Danger

FXPN

Cyprus

WikiFX Verification

FXPN · Company summary
FXPNReview Summary
Founded5-10 years
Registered Country/RegionCyprus
RegulationRevoked
Market InstrumentsForex/Commodities/Stocks/Cryptocurrencies/Indices/Precious metals
Demo Account❌
LeverageUp to 1:100
SpreadFrom 0.7 pips
Trading PlatformMT4(Desktop/Web/Mobile(iOS/Android))
Min Deposit€/$ 200
Customer SupportPhone: +375 29 369 80 87
WhatsApp: +375 44 585 69 85
Email: complaints@fxpn.by
Email: support@fxpn.by

FXPN Information

FXPN is a broker. The tradable instruments with a maximum leverage of 1:100 include forex, commodities, stocks, cryptocurrencies, indices, and precious metals. The broker also provides three accounts. The minimum spread is from 0.7 pips and the minimum deposit is €/$ 200. FXPN is still risky due to its revoked status.

FXPN Information

Pros and Cons

Pros Cons
Leverage up to 1:100Revoked
Various tradable instrumentsNo withdrawal processing information
MT4 availableNo Islamic accounts
Spread from 0.7 pipsNo 24/7 customer support

Is FXPN Legit?

CySEC regulates FXPN with license number 160/11. However, the 'revoked' current status is not as safe as the regulated one.

Is FXPN Legit?

What Can I Trade on FXPN?

FXPN offers various market instruments, including forex, commodities, stocks, cryptocurrencies, indices, and precious metals.

Tradable Instruments Supported
Forex✔
Commodities✔
Stocks✔
Cryptocurrencies✔
Indices✔
Precious Metals✔
Shares❌
ETFs❌
Bonds❌
Mutual Funds❌
What Can I Trade on FXPN?

Account Type

FXPN has three account types: silver, gold, and platinum. Traders who want low spreads can choose a platinum account, while those with a small budget can open a silver account. Everyone can also earn money by copying the success of top traders.

Account Type SilverGoldPlatinum
Min. Deposit €/$/£2001000050000
Spread from1.81.30.7
Commission on stocks0.5%0.4%0.35%

FXPN Fees

The spread is 0.7 pips, and the commission on stocks is 0.35%. The lower the spread, the faster the liquidity.

Leverage

The maximum leverage is 1:100 meaning that profits and losses are magnified 100 times.

Trading Platform

FXPN cooperates with the authoritative MT4 trading platform, which is available on desktop, web, and mobile (iOS and Android) versions. Junior traders prefer MT4 over MT5, as MT4 provides various trading strategies and implements EA systems. Traders can also access the Sirix web and mobile versions

Trading PlatformSupported Available Devices Suitable for
MT4✔Desktop/Web/Mobile(iOS/Android)Junior traders
Sirix✔Web/MobileAll traders
Trading Platform

Deposit and Withdrawal

The first deposit amount must be €/$/£ 200 or above. FXPN accepts bank transfers, Swift, E-wallet, debit/credit cards, etc. for deposit and withdrawal. However, transfer processing times and associated fees are unknown.

Deposit and Withdrawal

User Reviews

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User comment

4

Comments

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善哉6447
more than one year
I have to say FXPN is not a broker that suits beginners, as it asks for high entry capital, and trading on this platform is quite tough. Put it simply, withdrawals take a long time, which beginners cannot afford it.
I have to say FXPN is not a broker that suits beginners, as it asks for high entry capital, and trading on this platform is quite tough. Put it simply, withdrawals take a long time, which beginners cannot afford it.
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2023-02-21 21:20
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A九月九
more than one year
Abrí una cuenta de plata con esta empresa, hasta ahora siento que el costo de la transacción está dentro de un rango razonable. Por supuesto que no gané dinero todo el tiempo, tuve algunas pérdidas, pero debido a que mantuve mi apalancamiento pequeño, asumí muy poco riesgo. Siento que en el mercado de divisas con riesgos tan altos, lento es rápido.
Abrí una cuenta de plata con esta empresa, hasta ahora siento que el costo de la transacción está dentro de un rango razonable. Por supuesto que no gané dinero todo el tiempo, tuve algunas pérdidas, pero debido a que mantuve mi apalancamiento pequeño, asumí muy poco riesgo. Siento que en el mercado de divisas con riesgos tan altos, lento es rápido.
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2022-11-25 19:02
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