Score
FXPN
Belarus|5-10 years| https://fxpn.by/
Website
Rating Index
Contact
Licenses
Licensed Institution：Leverate Capital Markets Limited Liability Company
License No.：193295922
Single Core
1G
40G
1M*ADSL
- The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!
Basic information
Belarus
Account Information
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Website
fxpn.by
Server Location
Netherlands
Website Domain Name
fxpn.by
Server IP
13.93.64.26
Company Summary
| FXPNReview Summary | |
| Founded | 2-5 years |
| Registered Country/Region | Belarus |
| Regulation | Regulated |
| Market Instruments | Forex, Stocks, Precious Metals, Commodities, Indices&Crypto Currencies |
| Demo Account | Not mentioned |
| Leverage | Up to 1:200 |
| Spread | Start from 0.7 pips |
| Trading Platform | MT5&SIRIX Web Trader(iOS, Android, Desktop, Web & Mobile) |
| Min Deposit | $200 |
| Customer Support | Phone: +375 29 369 80 87 |
| Email:complaints@fxpn.bysupport@fxpn.by | |
| WhatsApp: +375 44 585 69 85 | |
FXPN Information
FXPN is a regulated broker that provides a variety of trading instruments including forex, stocks, precious metals, commodities, indices, and cryptocurrencies. FXPN also offers a variety of account types including platinum, gold, and silver, and private training courses. In addition, FXPN sets a minimum spread of 0.7, a minimum deposit of $200, and a maximum leverage of 1:200.
Pros and Cons
| Pros | Cons |
| Regulated | Higher deposit(start from $200) |
| MT4 available | Commissions unclear |
| Leverage up to 1:100 | Official website inaccessible |
| Various trading instruments: forex, stocks, precious metals, etc. | |
| Multiple account types: platinum, gold, silver |
Is FXPN Legit?
FXPN is regulated by the NBRB with license number 193295922.
What Can I Trade on FXPN?
Forex, stocks, precious metals, commodities, indices, and cryptocurrencies are FXPN's tradable instruments.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Stocks | ✔ |
| Cryptocurrencies | ✔ |
| Precious Metals | ✔ |
| Indices | ✔ |
| ETFs | ❌ |
| Bonds | ❌ |
| Mutual Funds | ❌ |
Account Type
According to different traders' conditions, FXPN launches 3 account types: platinum, gold, and silver. The minimum deposits for platinum, gold, and silver are $200, $10,000, and $50,000 respectively. The minimum spreads for the three accounts range from 0.7 to 1.8 pips, and the commissions range from 0.35% to 5%.
| Account Type | Silver | Gold | Platinum |
| Minimum Deposit | $200 | $10000 | $50000 |
| Minimum Spread | 1.8 pips | 1.3 pips | 0.7 pips |
| Supported EA | Yes | Yes | Yes |
| Commission on Stocks | 0.5% | 0.4% | 0.35% |
| Private Training | 1 session | 4 sessions | 8 sessions |
FXPN Fees
The minimum spreads for platinum, gold, and silver are 1.8pips, 1.3pips, and 0.7pips respectively, while stock commissions are 5%, 4%, and 3.5% respectively.
Leverage
The highest leverage is 1:200, which means profits and losses are magnified 200 times.
Trading Platform
MT4 and SIRIX Web Trader are FXPNs three trading platforms. MT4 and SIRIX Web Trader support iOS and Android versions. In addition, MT4 also supports Desktop, Web & Mobile versions.
| Trading Platform | Supported | Available Devices |
| MT4 | ✔ | iOS, Android, Desktop, Web & Mobile |
| SIRIX Web Trader | ✔ | iOS, Android |
Deposit and Withdrawal
FXPN's minimum deposit is $200. Deposits accept bank transfers, SWIT, electronic wallets, debit/credit cards, and other payment methods. The processing is within one working day after the relevant amount is settled in the bank account. Debit and credit cards like Visa, MasterCard, Switch, and Maestro in USD/EUR come with no fees or commissions and are processed instantly.
Customer Support Options
Traders can contact FXPN via phone, email, and WhatsApp.
| Contact Options | Details |
| Phone | +375 29 369 80 87 |
| complaints@fxpn.bysupport@fxpn.by | |
| +375 44 585 69 85 | |
| Supported Language | English |
| Website Language | English |
| Physical Address | 223050 Minsk region, Kolodischi, Minskaya St. 69a-2, office 34, Republic of Belarus. |
Keywords
- 5-10 years
- Regulated in Belarus
- Retail Forex License
- Suspicious Scope of Business
- High potential risk
Review 5
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CC87
United States
The platform seemed promising at first, but I've faced constant issues with withdrawals and unresponsive customer support. Definitely not a smooth experience.
Neutral
08-16
阿烁 ོ 、ʚ
Hong Kong
How can I contact the account manager?
Neutral
2023-01-30
FX1038965397
Hong Kong
The minimum deposit to open the most basic Silver account is $/€/£500, a amount that I just can’t accept. If one day they can offer a Micro or Mini account with much lower initial capital, for example, $10, maybe I will have a try then.
Neutral
2022-11-22
随心波
Hong Kong
I was dissuaded by its unfriendly minimum deposit, from $500 for a Bronze account. Other offerings seem good, competitive spreads on advanced accounts, free educational resources, MT4 trading platform… I’d better check out its user reviews carefully…
Neutral
2022-11-22
Claire18709
Peru
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.
Positive
2022-11-18