Абстракт:Unregulated offshore broker FCNW Market claims to provide Forex, cryptocurrencies, commodities, shares, and indices among other financial instruments for trading. The company presents itself as a legitimate broker, but the lack of openness and regulation raises questions about its reliability.
FCNW Review Summary | |
Founded | 2-5 years |
Registered Country/Region | United Kingdom |
Regulation | Unregulated |
Market Instruments | Forex, Indices, Commodities, Shares, Crypto |
Demo Account | ❌ |
Leverage | Up to 1:500 |
Spread | Starting from 1.3 pips (Standard Account) |
Trading Platform | MT4, MT5, WebTrader (claim but unverified) |
Min Deposit | $20 |
Customer Support | / |
Pros | Cons |
Low minimum deposit ($20) | Unregulated |
Wide range of tradable instruments | No Islamic account |
Claims to offer MetaTrader 4 and 5 platforms | Negative comments on withdrawal issues, bonus programs and high withdrawal fees |
High leverage (up to 1:500) |
Since FCNW Market runs free from any financial regulatory control, it is not a legitimate broker. The broker does not carry licenses from respectable authorities such as ASIC (Australia) or the FCA (UK). Its unregulated problems can not guarantee the safety of investors.
Forex, commodities, cryptocurrencies, and CFDs on indices and shares are among the financial instruments FCNW presents for trading.
Tradable Instruments | Supported |
Forex | ✔ |
Commodities | ✔ |
Crypto | ✔ |
CFD | ✔ |
Indexes | ✔ |
Stock | ✔ |
ETF | ❌ |
For FX trading, FCNW provides leverage of up to 1:500. High leverage raises risk even when it lets traders control bigger holdings with less capital. Higher leverage is dangerous, particularly for novice traders since it can magnify losses as well as gains. Leverage in cryptocurrency runs up to 1:50.
Spreads begin for the Standard Account at 1.3 pips. No reference to particular fees or commission systems is made.
Non-trading Fees | |
Deposit Fee | Not mentioned |
Withdrawal Fee | High withdrawal fees, up to 20% |
Inactivity Fee | Not mentioned |
Trading Platform | Supported | Available Devices | Suitable for |
MT4 | ✔ | Desktop, Web | Beginner to advanced traders |
MT5 | ✔ | Desktop, Web | Advanced traders |
WebTrader | ✔ | Web | Convenient trading on the go |
Numerous studies of withdrawal problems abound; people struggle with processing and pay heavy withdrawal costs.
Deposit Options
Deposit Options | Min. Deposit | Fees | Processing Time |
VISA, Mastercard, Skrill | $20 | Not mentioned | Instant |
Neteller, USD Tether | $20 | Not mentioned | Instant |
Bank wire, Bitcoin | $20 | Not mentioned | Instant |
Withdrawal Options
Withdrawal Options | Min. Withdrawal | Fees | Processing Time |
VISA, Mastercard | Not mentioned | High fees | Not specified |
Neteller, Skrill, Bitcoin | Not mentioned | High fees | Not specified |