FXPN Forex Broker provides real users with 1 positive reviews, * neutral reviews and * exposure review!
Business
License
FSCA Suspicious Clone 
In general I think that FXPN is a competent broker! Yes, there are some deficiencies, such as the absence of MT5 and copy trading, as well as the somewhat low leverage... Well, we know that it never rains for everyone, there is no perfect broker for all clients, but for me FXPN is a good broker.
Summary: The Fxpn broker has garnered mixed reviews, with users highlighting both positive trading experiences and significant concerns regarding customer service and withdrawal processes. Key features include a focus on active trading with no passive income options, and a minimum deposit requirement of $500.
Note: It is essential to consider that different entities operate under the Fxpn brand across various regions, which may affect user experiences and regulatory oversight.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 6 |
| Tools and Resources | 5 |
| Customer Service & Support | 4 |
| Trading Experience | 6 |
| Trustworthiness | 5 |
| User Experience | 6 |
We assess brokers based on user feedback, expert analysis, and factual data from multiple sources.
Founded in 2012, Fxpn is a Cyprus-based broker regulated by the Cyprus Securities and Exchange Commission (CySEC). The broker primarily offers trading through the popular MetaTrader 4 platform, catering to forex and CFD traders. Fxpn provides access to a diverse range of assets, including currency pairs, stocks, indices, commodities, and cryptocurrencies. However, it is important to note that Fxpn focuses exclusively on active trading, lacking tools for passive income generation.
Regulated Geographic Areas: Fxpn operates under CySEC regulations, which allows it to provide services within the European Union. However, its reputation has faced scrutiny due to past allegations related to its operations.
Deposit/Withdrawal Currencies: The broker supports multiple currencies, including USD, EUR, GBP, and CHF. It does not currently offer cryptocurrency as a payment method.
Minimum Deposit: The minimum deposit required to open an account with Fxpn is $500, which is relatively high compared to many other brokers that allow entry with as little as $10.
Bonuses/Promotions: Fxpn does not offer any welcome bonuses or promotional offers, which may deter potential clients looking for incentives to start trading.
Tradable Asset Classes: Traders can access a variety of instruments, including 49 currency pairs, 298 CFDs on stocks, 14 indices, 5 metals, 10 commodities, and 19 cryptocurrencies. This broad selection provides flexibility for active traders.
Costs (Spreads, Fees, Commissions): Spreads on Fxpn start from 0.2 pips and can go up to 1.1 pips depending on the account type. The broker charges a commission for trading stocks, which ranges from 0.3% to 0.5%. Importantly, there are no deposit or withdrawal fees imposed by Fxpn, although third-party payment processors may charge their own fees.
Leverage: Fxpn offers leverage of up to 1:30 for retail clients, with higher leverage available for professional traders. This leverage can amplify both profits and losses, making it essential for traders to use it judiciously.
Allowed Trading Platforms: Traders can choose between the widely used MetaTrader 4 and the Sirix platform. Both platforms offer a range of trading tools and resources, although MT4 is generally preferred for its advanced features and user familiarity.
Restricted Regions: Fxpn does not provide services to clients from the United States, which is a common restriction among many brokers due to regulatory compliance.
Available Customer Service Languages: Customer support is available in multiple languages, including English, Italian, Spanish, German, Arabic, Czech, and French, reflecting its diverse client base.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 6 |
| Tools and Resources | 5 |
| Customer Service & Support | 4 |
| Trading Experience | 6 |
| Trustworthiness | 5 |
| User Experience | 6 |
Account Conditions (6/10): Fxpn offers four account types: Silver, Gold, Platinum, and VIP, with varying minimum deposits and trading conditions. However, the $500 minimum deposit may be a barrier for novice traders.
Tools and Resources (5/10): While Fxpn provides access to MT4 and Sirix, the lack of educational resources for beginners is a notable drawback. The broker does not offer passive income tools, which may limit appeal to those seeking less active trading strategies.
Customer Service & Support (4/10): User reviews indicate that customer service is lacking, particularly in response times and availability. While support is offered via email and phone, many users report difficulties in receiving timely assistance.
Trading Experience (6/10): The trading platforms are generally well-regarded for their functionality and ease of use. However, concerns regarding the withdrawal process have been raised, with some users experiencing delays.
Trustworthiness (5/10): Although regulated by CySEC, the broker's past allegations and mixed user reviews contribute to a moderate trust rating. Users are advised to exercise caution and conduct thorough research before investing.
User Experience (6/10): Overall, users have reported a satisfactory trading experience, although the initial learning curve may be steep for newcomers. The interface is user-friendly, but improvements could be made to enhance the overall experience.
In conclusion, the Fxpn review indicates a broker that offers a variety of trading options but comes with significant caveats regarding customer support and trustworthiness. Potential traders should weigh these factors carefully before deciding to engage with this broker.
FX Broker Capital Trading Markets Review
