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Global Broker Regulation & Inquiry App

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FCNW

United Kingdom|2-5 years|
Suspicious Scope of Business|High potential risk|

https://www.fcnwtmarket.com/en/index.htm

Website

Rating Index

Contact

https://www.fcnwtmarket.com/en/index.htm

Licenses

No valid regulatory information, please be aware of the risk!

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Company Name

FCNW MARKET LTD

Abbreviation

FCNW

Platform registered country and region

United Kingdom

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-12-03
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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FCNW · WikiFX Survey

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FCNW · Company Summary

FCNW Review Summary
Founded2-5 years
Registered Country/RegionUnited Kingdom
RegulationUnregulated
Market InstrumentsForex, Indices, Commodities, Shares, Crypto
Demo Account
LeverageUp to 1:500
SpreadStarting from 1.3 pips (Standard Account)
Trading PlatformMT4, MT5, WebTrader (claim but unverified)
Min Deposit$20
Customer Support/

FCNW Information

Pros and Cons

Pros Cons
Low minimum deposit ($20)Unregulated
Wide range of tradable instrumentsNo Islamic account
Claims to offer MetaTrader 4 and 5 platformsNegative comments on withdrawal issues, bonus programs and high withdrawal fees
High leverage (up to 1:500)

Is FCNW Legit?

Since FCNW Market runs free from any financial regulatory control, it is not a legitimate broker. The broker does not carry licenses from respectable authorities such as ASIC (Australia) or the FCA (UK). Its unregulated problems can not guarantee the safety of investors.

Is FCNW Legit?

What Can I Trade on FCNW?

Forex, commodities, cryptocurrencies, and CFDs on indices and shares are among the financial instruments FCNW presents for trading.

Tradable Instruments Supported
Forex
Commodities
Crypto
CFD
Indexes
Stock
ETF

Leverage

For FX trading, FCNW provides leverage of up to 1:500. High leverage raises risk even when it lets traders control bigger holdings with less capital. Higher leverage is dangerous, particularly for novice traders since it can magnify losses as well as gains. Leverage in cryptocurrency runs up to 1:50.

FCNW Fees

Spreads begin for the Standard Account at 1.3 pips. No reference to particular fees or commission systems is made.

Non-Trading Fees

Non-trading Fees
Deposit FeeNot mentioned
Withdrawal FeeHigh withdrawal fees, up to 20%
Inactivity FeeNot mentioned

Trading Platform

Trading PlatformSupported Available Devices Suitable for
MT4Desktop, WebBeginner to advanced traders
MT5Desktop, WebAdvanced traders
WebTraderWebConvenient trading on the go

Deposit and Withdrawal

Numerous studies of withdrawal problems abound; people struggle with processing and pay heavy withdrawal costs.

Deposit Options

Deposit Options Min. DepositFees Processing Time
VISA, Mastercard, Skrill$20Not mentionedInstant
Neteller, USD Tether$20Not mentionedInstant
Bank wire, Bitcoin$20Not mentionedInstant

Withdrawal Options

Withdrawal Options Min. Withdrawal Fees Processing Time
VISA, MastercardNot mentionedHigh feesNot specified
Neteller, Skrill, BitcoinNot mentionedHigh feesNot specified

Review 4

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