FXPN Forex Broker

FXPN Review SummaryFounded2-5 yearsRegistered Country/RegionBelarusRegulationExceededMarket InstrumentsForex & CFDs on stocks, precious metalscommodities, ndices, cryptocurrenciesDemo AccountAvailableLeverage1:200SpreadSilver: from l.l pips Gold: from 0.8 pips Platinum: from 0.5 pips VIP: from 0.2 pipsTrading PlatformSIRIX Web Trader & Mobile tradingMin Deposit$/€/£ 500Customer SupportTelephone number: +357 29 369 80 87 (Monday-Friday 9 AM-6 PM)Email: support@fxpn.byFXPN Information FXPN, a forex and CFD broker registered in Belarus, offer its clients a wide range of tradable financial instruments with leverage up to 1:200, a floating spread of 0.2 points on SIRIX network traders and mobile trading platforms, and four different real account types to choose from.Pros and ConsPros Cons Demo accounts availableExceeded and suspicious cloneMultiple account typesCommission chargedVariable spreads from 0.2 pipsMT4 & MT5 unavailableHigh minimum depositIs FXPN Legit? FXPN has an Exceeded license from the Financial Sector Conduct Authority (FSCA) and a license from the suspicious clone Cyprus Securities and Exchange Commission (CYSEC).Regulated CountryRegulated AuthorityRegulated EntityLicense TypeLicense NumberFSCAFinancial Sector Conduct AuthorityFinancial Service Corporate51545CYSECWGM Services LtdMarket Making(MM)160/11What Can I Trade on FXPN? FXPN offers trading instruments such as forex and CFDS for stocks, precious metals, commodities, indices and cryptocurrencies.Tradable Instruments Supported Commodities✔Stocks✔Currencies❌Crypto currencies✔Indices✔Precious metals✔Binary Options❌Mutual Funds❌Futures❌Account Types FXPN offers four types of real trading accounts, namely Silver, Gold, Platinum and VIP, with minimum initial deposit requirements of $/€/£500,$/€/£10,000,$/€/£50,000 and $/€/£150,000 respectively. Demo accounts with no maturity date are available. Demo accounts that have not been activated for more than 90 days since the last login will be closed. A maximum of 5 active demo accounts are allowed.Leverage The maximum leverage ratio offered by FXPN is 1:200.FXPN Fees Customers with silver accounts can enjoy a spread of 1.1 pips, while customers with the other three accounts can enjoy a spread of 0.8, 0.5 and 0.2 pips respectively. Stock commission: Silver account 0.5%, Gold account 0.4%, Platinum account 0.35%, VIP account 0.3%.Trading Platform SIRIX Web Trader and Mobile Trading apps on iOS and Android are chosen by FXPN to serve clients.Trading PlatformSupported Available Devices Suitable for SIRIX Web Trader✔WebsiteInvestors of all experience levelsMobile Trading app✔IOS, AndroidInvestors of all experience levelsDeposit and Withdrawal FXPN supports bank transfer, Swift, e-wallet, debit/credit card or any other electronic money transfer method. The minimum initial deposit requirement is said to be $/€/£500. FXPN charges a transaction fee, a standard fee charged for silver accounts, a 10% discount for gold accounts, a 25% discount for platinum accounts, and a 50% discount for VIP accounts.