FCNW Forex Broker

FCNW Review SummaryFounded2-5 yearsRegistered Country/RegionUnited KingdomRegulationUnregulatedMarket InstrumentsForex, Indices, Commodities, Shares, CryptoDemo Account❌LeverageUp to 1:500SpreadStarting from 1.3 pips (Standard Account)Trading PlatformMT4, MT5, WebTrader (claim but unverified)Min Deposit$20Customer Support/FCNW InformationPros and ConsPros Cons Low minimum deposit ($20)UnregulatedWide range of tradable instrumentsNo Islamic accountClaims to offer MetaTrader 4 and 5 platformsNegative comments on withdrawal issues, bonus programs and high withdrawal feesHigh leverage (up to 1:500)Is FCNW Legit? 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.What Can I Trade on FCNW? 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❌Leverage 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.FCNW Fees Spreads begin for the Standard Account at 1.3 pips. No reference to particular fees or commission systems is made.Non-Trading FeesNon-trading Fees Deposit FeeNot mentionedWithdrawal FeeHigh withdrawal fees, up to 20%Inactivity FeeNot mentionedTrading PlatformTrading PlatformSupported Available Devices Suitable forMT4✔Desktop, WebBeginner to advanced tradersMT5✔Desktop, WebAdvanced tradersWebTrader✔WebConvenient trading on the goDeposit and Withdrawal Numerous studies of withdrawal problems abound; people struggle with processing and pay heavy withdrawal costs. Deposit OptionsDeposit Options Min. DepositFees Processing Time VISA, Mastercard, Skrill$20Not mentionedInstantNeteller, USD Tether$20Not mentionedInstantBank wire, Bitcoin$20Not mentionedInstant Withdrawal OptionsWithdrawal Options Min. Withdrawal Fees Processing Time VISA, MastercardNot mentionedHigh feesNot specifiedNeteller, Skrill, BitcoinNot mentionedHigh feesNot specified