FXPN

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

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.

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.

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.