Networkfsi Forex Broker

Note: Networkfsi's official website - https://networkfsi.com is currently inaccessible normal.NetworkfsiReview SummaryFounded/Registered Country/RegionUnited KingdomRegulationUnregulatedMarket InstrumentsForex, Indexes, Commodities, Stocks, CryptocurrenciesDemo Account/LeverageUp to 1:200EUR/USD SpreadFrom 0.1 pipsTrading PlatformWeb TraderMin Deposit€5 000Customer SupportTel: +44 2080976007Company Address: 25 Basinghall St, London EC2V 5HA Networkfsi is an unregulated forex broker based in the United Kingdom. Its market instruments include indexes, commodities, stocks, and cryptocurrencies, in addition to forex. The leverage on this platform is up to 1:200. Investors need to deposit at least €5 000 to start trading on Networkfsi.Pros and ConsProsConsVarious tradable assetsWebsite unavailableMultiple account typesUnregulatedTight spreadsNo MT4/5High minimum deposit requirementWithdrawal fee chargedIs Networkfsi Legit? Networkfsi appears to be an unregulated broker. You should stay away from this platform in order to keep your money safe.What Can I Trade on Networkfsi? Networkfsi claims to offer market instruments including forex currency pairs, indexes, commodities, stocks, and cryptocurrencies.Trading AssetAvailableforex✔commodities✔indexes✔stocks ✔cryptocurrencies✔bonds❌options❌ETFs❌Account TypeAccount TypeMin DepositGreen€5,000Premium€25,000Platinum€50,000Executive€100,000Presidential€250,000Leverage The leverage is capped at 1:200. However, according to the regulations, British and Australian brokers have to limit their clients to 1:30, while US brokers cant provide more than 1:50. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.SpreadAccount TypeSpreadGreen2.5-3 pipsPremium2-2.5 pipsPlatinum1.5-2 pipsExecutive1-1.5 pipsPresidential0.5-1 pipsTrading Platform The only available trading platform on Networkfsi is a Web Trader.Trading PlatformSupported Available Devices Suitable for Web Trader✔Web/MT4❌Desktop, Mobile, WebBeginnersMT5❌Desktop, Mobile, WebExperienced traderDeposit and Withdrawal Networkfsi accepts credit cards and bank transfers only. The minimum initial deposit requirement is extremely high - €5,000. It also charges a 20% withdrawal fee.