FXnity Forex Broker

FXnityReview SummaryFounded2024Registered Country/RegionCosta RicaRegulationUnregulatedMarket InstrumentsForex, Cryptocurrencies, Metals, Indices, Stocks, CommoditiesDemo Account/LeverageUp to 1:500SpreadSpreads From 0.1 PipsTrading PlatformcTraderMin Deposit/Customer SupportEmail: supportsupport@fxnity.comContact FormRegional RestrictionsUSA, Afghanistan, Belarus, Cuba, Central African Republic, Democratic Republic of the Congo, India, Iran, Iraq, Lebanon, Libya, Mali, Myanmar (Burma), Nicaragua, North Korea (Democratic Peoples Republic of Korea), Russia, Somalia, South Sudan, Sudan, Syria, Venezuela, Yemen, Zimbabwe or Crimea, Donetsk, Luhansk regions of UkraineFXnity Information FXnity is an online trading platform offering a wide range of financial instruments, including forex, cryptocurrencies, stocks, indices, commodities, and metals. With a variety of account types and competitive leverage options. The platform primarily uses cTrader, while offering diverse tools and competitive spreads. However, due to the regional restriction, the service on this platform isn't available worldwide.Pros & ConsProsConsMultiple tradable assetsLack of regulationcTrader offeredCommission chargedRegional restrictionsIs FXnity Legit? FXnity is registered in Costa Rica under the name FXnity Sociedad De Responsabilidad Limitada. However, it currently lacks valid regulatory oversight, which is a significant concern for potential investors.What Can I Trade on FXnity? FXnity offers a diverse range of financial instruments:Forex: Major and minor currency pairs.Cryptocurrencies: Bitcoin, Ethereum, Litecoin.Metals: Gold, silver, oil.Indices: Various global indices.Stocks: Shares from multiple markets.Commodities: Precious metals.Trading AssetAvailableforex✔metals✔commodities✔indices✔stocks /shares✔cryptocurrencies✔options❌funds❌ETFs❌energies❌Account Unlike most broker who offer multiple account types, FXnity offers only one standard account on it's platform.Leverage FXnity offers leverage up to 1:500, allowing traders to control larger positions with a smaller capital outlay. However, high leverage increases both potential profits and risks, so it should be used cautiously.Fees FXnity charges different fees based on the asset class, but in most occasions, stocks/shares and cryptocurrencies are commission-free, and they charge $2.50 per standard USD lot per side commission.Asset ClassCommissionForex$2.5 per lot/sideCryptocurrencies$0 commission.Stocks$0 commission.Metals $2.5 per lot/sideCommodities$2.50 per standard USD lot per side commission.Indices$2.50 per standard USD lot per side commission.All Other Asset Classes$2.5 per lot/sideSwap FeesIn line with industry standards, advisable to check the latest rates before holding positions overnight.Trading Platform Traders on this platform get access to cTrader, which is available on Windows, macOS, iOS, and Android devices.Trading PlatformSupported Available Devices Suitable for cTrader✔Desktop, Mobile, WebMT5❌Desktop, Mobile, WebExperienced traderMT4❌Desktop, Mobile, WebBeginnerTrading View❌Desktop, Mobile, Tablets, WebBeginner