Networkfsi

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

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

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.

Account Type

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

Trading Platform

The only available trading platform on Networkfsi is a Web 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.