FXPN-Overview of Minimum Deposit, Spreads & Leverage

FXPN Information

FXPN is a regulated broker that provides a variety of trading instruments including forex, stocks, precious metals, commodities, indices, and cryptocurrencies. FXPN also offers a variety of account types including platinum, gold, and silver, and private training courses. In addition, FXPN sets a minimum spread of 0.7, a minimum deposit of $200, and a maximum leverage of 1:200.

Pros and Cons

Is FXPN Legit?

FXPN is regulated by the NBRB with license number 193295922.

What Can I Trade on FXPN?

Forex, stocks, precious metals, commodities, indices, and cryptocurrencies are FXPN's tradable instruments.

Account Type

According to different traders' conditions, FXPN launches 3 account types: platinum, gold, and silver. The minimum deposits for platinum, gold, and silver are $200, $10,000, and $50,000 respectively. The minimum spreads for the three accounts range from 0.7 to 1.8 pips, and the commissions range from 0.35% to 5%.

FXPN Fees

The minimum spreads for platinum, gold, and silver are 1.8pips, 1.3pips, and 0.7pips respectively, while stock commissions are 5%, 4%, and 3.5% respectively.

Leverage

The highest leverage is 1:200, which means profits and losses are magnified 200 times.

Trading Platform

MT4 and SIRIX Web Trader are FXPNs three trading platforms. MT4 and SIRIX Web Trader support iOS and Android versions. In addition, MT4 also supports Desktop, Web & Mobile versions.

Deposit and Withdrawal

FXPN's minimum deposit is $200. Deposits accept bank transfers, SWIT, electronic wallets, debit/credit cards, and other payment methods. The processing is within one working day after the relevant amount is settled in the bank account. Debit and credit cards like Visa, MasterCard, Switch, and Maestro in USD/EUR come with no fees or commissions and are processed instantly.

Customer Support Options

Traders can contact FXPN via phone, email, and WhatsApp.