FXPN Forex Broker

Fxpn Forex Broker - Complete Information Guide

1. Broker Overview

　　Fxpn is a financial services provider that has been operating since 2011, primarily offering trading in foreign exchange (Forex) and contracts for difference (CFDs). The broker is headquartered in Limassol, Cyprus, and operates under the regulatory framework of the Cyprus Securities and Exchange Commission (CySEC). Fxpn is a brand of Leverate Financial Services Ltd, which is a private company dedicated to providing a range of trading services.

　　The primary market served by Fxpn includes retail traders across Europe, with a focus on those looking to engage in active trading. Over the years, Fxpn has transitioned from a binary options provider to a broker specializing in Forex and CFDs, adapting to changing regulatory environments and market demands. This shift has enabled the company to maintain its relevance in the competitive trading landscape.

　　Fxpn's business model is centered around retail Forex trading, offering clients access to a wide variety of financial instruments, including currency pairs, stocks, commodities, and cryptocurrencies. The broker aims to provide a user-friendly trading experience through advanced platforms and a robust support system.

2. Regulation and Compliance Information

　　Fxpn is regulated by the Cyprus Securities and Exchange Commission (CySEC), under the license number 160/11. This regulation allows Fxpn to operate within the European Economic Area (EEA), ensuring compliance with the Markets in Financial Instruments Directive II (MiFID II), which aims to create a secure and transparent trading environment for investors.

　　The broker maintains strict client fund segregation policies, ensuring that client deposits are held in separate accounts from the company's operational funds. This practice enhances the protection of client funds in the event of financial difficulties faced by the broker.

　　Furthermore, Fxpn participates in the Investor Compensation Fund (ICF), offering additional security for clients with compensation coverage of up to €20,000. The broker adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, implementing measures to verify the identity of clients and monitor transactions for suspicious activities.

3. Trading Products and Services

　　Fxpn offers an extensive range of trading products, catering to various trader preferences. The broker provides access to:

• Forex: A diverse selection of currency pairs, including major, minor, and exotic currencies.
• CFDs: Contracts for difference on a variety of assets, including:
• Indices: Major stock indices from around the world.
• Commodities: Trading options in precious metals, energy products, and agricultural commodities.
• Stocks: CFDs on shares from leading companies.
• Cryptocurrencies: A selection of popular digital currencies for trading.

　　The broker frequently updates its product offerings to include new instruments based on market trends and client demand. However, Fxpn does not currently offer passive investment tools such as managed accounts or PAMM services, focusing instead on active trading capabilities for its clients.

4. Trading Platforms and Technology

　　Fxpn supports two primary trading platforms: MetaTrader 4 (MT4) and Sirix.

• 　　MetaTrader 4 is widely recognized as one of the leading trading platforms in the Forex industry, offering a comprehensive suite of tools for technical analysis, automated trading, and customizable charting options. Traders can access MT4 on desktop, web, and mobile devices, ensuring flexibility and convenience.

• 　　Sirix is another trading platform offered by Fxpn, designed for ease of use with a focus on social trading features. This platform allows traders to engage in copy trading, where they can replicate the trades of successful traders, although this feature may pose risks for inexperienced traders.

　　Fxpn employs market execution methods, ensuring that trades are executed at the best available prices. The broker's servers are strategically located to enhance trade execution speed and reliability. Additionally, Fxpn provides API access for automated trading, catering to the needs of algorithmic traders.

5. Account Types and Trading Conditions

　　Fxpn offers several account types, each designed to meet the varying needs of traders:

• Silver Account: Minimum deposit of $500, with spreads starting from 1.1 pips.
• Gold Account: Requires a minimum deposit of $10,000 and offers improved spreads starting from 0.8 pips.
• Platinum Account: A minimum deposit of $50,000 is required, with spreads starting from 0.5 pips.
• VIP Account: For high-net-worth clients, this account type requires a minimum deposit of $150,000, offering the best trading conditions with spreads from 0.2 pips.

　　All account types allow for leverage of up to 1:30 for retail clients, with professional traders potentially accessing higher leverage ratios. The minimum trade size is set at 0.01 lots, and Fxpn applies overnight fees for positions held past the trading day.

6. Fund Management

　　Fxpn supports a variety of deposit and withdrawal methods, including:

• Bank Transfers
• Credit/Debit Cards (Visa, MasterCard)
• E-wallets

　　The minimum deposit requirement varies by account type, starting at $500 for the Silver account. Deposits are processed promptly, typically within one business day, and there are no fees charged by the broker for depositing funds. However, clients should be aware that their banks may impose transfer fees.

　　Withdrawal requests are processed on the same day if all conditions are met, and there are no withdrawal fees from Fxpn. Clients can withdraw funds using the same method they used for deposits, ensuring a seamless transaction process.

7. Customer Support and Educational Resources

　　Fxpn provides comprehensive customer support through multiple channels, including:

• Telephone Support
• Email Support
• Online Feedback Form

　　The support team operates during business hours, with a focus on providing timely assistance to clients. While live chat is not available, the broker ensures that email inquiries are handled promptly.

　　Fxpn offers a range of educational resources to help traders improve their skills, including:

• Webinars
• Tutorials
• E-books
• Market Analysis Reports

　　The broker also provides trading tools such as economic calendars and calculators to assist traders in their decision-making processes.

8. Regional Coverage and Restrictions

　　Fxpn primarily serves clients in Europe, with a focus on countries within the EEA. However, the broker explicitly states that it does not accept clients from the United States and certain other jurisdictions. This restriction is in compliance with regulatory requirements and aims to protect traders in regions where the broker may not be adequately regulated.

　　In summary, Fxpn is a well-established Forex and CFD broker that offers a range of trading products and services. While it operates under CySEC regulation, potential clients should carefully consider the broker's offerings and conduct thorough research before engaging in trading activities.