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FXPN

Belarus|2-5 years|
Retail Forex License|White label MT4|Regional Brokers|High potential risk|

https://fxpn.by/

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

White Label

2
Server Name
Leverate-Europe MT4
Server Location United Kingdom

Contact

+375 29 369 80 87
support@fxpn.by
https://fxpn.by/
223050 Minsk region, Kolodischi, Minskaya st. 69a-2, Office 34, Republic of Belarus.

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

English

+375 29 369 80 87

English

+375 44 585 69 85

Other ways of contact

Broker Information

More

Company Name

Leverate Capital Markets LLC

Abbreviation

FXPN

Platform registered country and region

Belarus

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-07-13
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!

WikiFX Verification

FXPN · WikiFX Survey
Danger A Visit to FXPN in Belarus - No Office Found
Belarus

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FXPN · Company Summary

FXPN Review Summary
Registered Country/Region Belarus|
Regulation Regulated by NBRB
Market Instruments Forex, Stocks, Precious Metals, Commodities, Crypts currencies and Indices
Demo Account Available
Leverage 1:100
EUR/ USD Spread 0. 7 pips (Platinum account)
Trading Platforms MT4, Sirix (Mobile/Web)
Minimum Deposit $200
Customer Support Telephone: +375 29 369 80 87, WhatsAPP: +375 44 585 69 85, email: support@fxpn.by and online messaging

What is FXPN?

FXPN, regulated by NBRB, offers a comprehensive range of market instruments. Traders can benefit from the platform's diverse options and regulatory oversight, ensuring a secure and transparent trading environment. FXPN provides leverage of up to 1:100. Traders can access the financial markets through industry-leading trading platforms such as MT4 and Sirix. FXPN supports telephone, WhatsApp, email, and online messaging.

FXPN's homepage

If you are interested, we invite you to continue reading the upcoming article where we will thoroughly assess the broker from various angles and present you with well-organized and succinct information. By the end of the article, we will provide a concise summary to give you a comprehensive overview of the broker's key characteristics.

Pros & Cons

Pros Cons
  • Regulated by NBRB
  • High Minimum Deposit and Commissions Charged
  • Diverse Market Instruments
  • Long Withdrawal Processing Time
  • Multiple Account Tiers
  • User-Friendly Trading Platforms

Pros of FXPN:

- Regulatory Oversight: FXPN is regulated by the National Bank of the Republic of Belarus (NBRB), providing traders with a level of security and transparency in their trading activities.

- Diverse Market Instruments: FXPN offers a comprehensive range of market instruments, including Forex, Stocks, Precious Metals, Commodities, Cryptocurrencies, and Indices, allowing traders to diversify their portfolios and explore various trading opportunities.

- Multiple Account Tiers: FXPN provides three distinct account tiers (Silver, Gold, and Platinum), each tailored to accommodate traders with different experience levels and risk appetites. This ensures that traders can choose an account type that aligns with their individual preferences and trading goals.

- User-Friendly Trading Platforms: FXPN offers industry-leading trading platforms such as MT4 and Sirix, available on both mobile and web interfaces. These platforms are equipped with advanced charting tools and seamless execution, enabling traders to execute their strategies efficiently.

Cons of FXPN:

- High Minimum Deposit and Commissions Charged: FXPN imposes relatively high minimum deposit requirement of $200 and commission fees from 0.35% to 0.5%, which could deter smaller traders or those looking to minimize their trading costs.

- Long Withdrawal Processing Time: Some users have reported longer-than-expected withdrawal processing times with FXPN, which could be a concern for traders who prioritize quick access to their funds.

Is FXPN Safe or Scam?

FXPN operates under the regulatory oversight of the National Bank of the Republic of Belarus (NBRB), holding a Retail Forex License with License No. 193295922. This licensing indicates that FXPN adheres to the regulatory framework set forth by the NBRB, which serves as the central bank of Belarus and is headquartered in Minsk, the nation's capital. While regulation provides a level of oversight and accountability, traders should recognize that all investments carry inherent risks.

regulated by NBRB

Market Instruments

FXPN offers a diverse range of trading instruments across various asset classes, providing traders with opportunities to engage in different markets.

- Forex: FXPN allows traders to trade in the foreign exchange market, providing access to major, minor, and exotic currency pairs. Forex trading enables investors to speculate on the fluctuation of exchange rates between different currencies.

- Stocks: Traders can invest in individual stocks of publicly traded companies through FXPN's platform. This allows them to take positions on the price movements of specific stocks, potentially profiting from both upward and downward price trends.

- Precious Metals: FXPN offers trading in precious metals such as gold, silver, platinum, and palladium. Precious metals are often used as safe-haven assets and are popular choices for portfolio diversification and hedging against economic uncertainties.

- Commodities: Traders can access various commodity markets through FXPN, including energy commodities (such as crude oil and natural gas), agricultural commodities (like wheat, corn, and soybeans), and metals (besides precious metals).

- Cryptocurrencies: FXPN enables traders to participate in the cryptocurrency market, allowing them to buy and sell digital currencies like Bitcoin, Ethereum, Ripple, Litecoin, and others. Cryptocurrency trading offers opportunities for profit through price speculation and volatility.

- Indices: FXPN provides access to trading indices, which represent baskets of stocks or other assets and serve as benchmarks for specific segments of the financial markets. Traders can speculate on the overall performance of these indices, such as the S&P 500, Dow Jones Industrial Average, FTSE 100, Nikkei 225, and others.

Market Instruments

Account Types

FXPN offers three distinct account types to cater to the varying needs and preferences of traders.

  • Silver Account:

- Minimum Deposit: $200

- This account type is designed for beginner traders or those who prefer to start with smaller investments.

  • Gold Account:

- Minimum Deposit: $10,000

- The Gold account is tailored for traders with more experience and larger trading capital.

- This account type may also offer personalized assistance from account managers and access to exclusive trading events or seminars.

  • Platinum Account:

- Minimum Deposit: $50,000 - The Platinum account is the premium tier account offered by FXPN, suitable for high-net-worth individuals and institutional traders.

Account Comparison

FXPN also provides demo accounts for traders who want to practice and familiarize themselves with the platform before trading with real funds. Demo accounts simulate real market conditions, allowing traders to execute trades using virtual funds.

How to Open an Account?

To open an account with FXPN, please follow these steps:

Step
1 Visit the FXPN website.
2 Click on the “Register” button.
3 Fill out the registration form with your details, including your first name, last name, email address, password, country code, phone number, and any other required information.
4 Choose a secure password for your account.
5 Complete any additional verification steps as required by FXPN.
6 Review and agree to the terms and conditions.
7 Click on the “Register” button to complete the registration process.
8 Once your account is successfully created, you may need to verify your email address or complete any further authentication steps before you can start trading.
9 If you encounter any issues during the registration process, you can contact FXPNs customer support for assistance.
fill in required info

Leverage

FXPN offers a maximum leverage of 1:100 to its traders.

Leverage in trading allows investors to control larger positions with a relatively small amount of capital. With a 1:100 leverage ratio, traders can potentially magnify their gains or losses by a factor of 100. For example, with $1,000 in capital, a trader could control a position worth $100,000 in the market.

While leverage can amplify profits, it also increases the level of risk. Trading with high leverage means that even small price movements can result in significant gains or losses.

Spreads & Commissions

FXPN offers competitive spreads and commissions across its account tiers, catering to the diverse trading needs of its clientele. The spreads, starting from 1.8 pips for the Silver account, 1.3 pips for Gold, and 0.7 pips for Platinum, reflect the varying levels of trading benefits associated with each tier. Lower spreads typically indicate tighter pricing and can result in reduced trading costs for traders, especially for those executing high-frequency or large-volume trades.

In addition to spreads, FXPN applies commissions on stock trading, with rates of 0.5% for the Silver account, 0.4% for Gold, and 0.35% for Platinum. These commissions are applied to the value of the trade and contribute to the overall cost of executing stock transactions on the platform.

Account Tier Spreads (Starting From) Commission on Stocks
Silver 1.8 pips 0.5%
Gold 1.3 pips 0.4%
Platinum 0.7 pips 0.35%

Trading Platforms

FXPN provides its clients with a range of advanced trading platforms to suit different preferences and needs.

  • MT4

One of the primary platforms offered is MetaTrader 4 (MT4), a widely acclaimed platform known for its robust features and user-friendly interface. MT4 offers a comprehensive suite of tools for technical analysis, automated trading through expert advisors (EAs), customizable charting options, and real-time market data. Traders can access MT4 on desktops, allowing for precise trade execution and in-depth market analysis.

MT4
  • Sirix

In addition to MT4, FXPN also offers Sirix, a versatile trading platform available on both mobile and web versions. Sirix is designed to provide flexibility and accessibility to traders who prefer to manage their trades on-the-go or from any internet-enabled device. Sirix's mobile app and web platform offer intuitive navigation, advanced charting tools, social trading capabilities, and seamless order execution, enhancing the overall trading experience for clients.

Sirix
  • Social Trading Network

FXPN's trading platform ecosystem is its social trading network. This innovative tool allows traders to connect with other investors, share trading ideas, and even replicate trades of successful traders within the network. Social trading can be a valuable learning tool for traders, especially those new to the markets or seeking insights from experienced professionals. By leveraging the social trading network alongside advanced platforms like MT4 and Sirix, FXPN empowers its clients with a comprehensive suite of tools and strategies to navigate the financial markets effectively.

Social Trading Network

Deposits & Withdrawals

FXPN prioritizes convenience and accessibility for its clients by offering a diverse range of deposit and withdrawal methods. Clients can fund their accounts securely through bank transfers, Swift, E-wallets, and Debit/Credit cards, including Visa, MasterCard, Switch, and Maestro. This comprehensive selection ensures that traders can choose the method that best suits their preferences and geographical location, facilitating seamless transactions for clients worldwide.

The platform imposes no fees on client deposits or withdrawals, alleviating concerns about additional charges eating into trading capital.

Moreover, FXPN maintains a minimum withdrawal amount of 5 USD, 5 GBP, or 5 EUR, depending on the client's account currency. This threshold ensures that clients can access their funds efficiently, regardless of their account size or trading activity. By setting a modest minimum withdrawal requirement, FXPN enables clients to manage their finances effectively and withdraw profits or funds as needed, enhancing the overall user experience and satisfaction with the platform's services.

Deposits & Withdrawals

Customer Service

Customers can visit their office or get in touch with customer service line using the information provided below:

Telephone: +375 29 369 80 87

WhatsAPP: +375 44 585 69 85

Email: support@fxpn.by

Address: 223050 Minsk region, Kolodischi, Minskaya st. 69a-2, Office 34, Republic of Belarus

FXPN offers online messaging as part of their trading platform. This allows traders to communicate with customer support or other traders directly through the platform.

Contact Form

Conclusion

FXPN is a comprehensive trading platform offering a range of products and services tailored to meet the needs of traders at various experience levels. With diverse market instruments, traders have ample opportunities to diversify their portfolios and explore different trading strategies. Regulated by NBRB, FXPN provides a level of regulatory oversight that enhances transparency and security for traders.

Overall, FXPN is considered a choice depends on individual preferences and risk tolerance. However, traders should carefully evaluate the pros and cons, consider the regulatory framework, and do thorough research before deciding to trade with FXPN.

Frequently Asked Questions (FAQs)

Q 1: Is FXPN regulated by any financial authority?
A 1: Yes. It is regulated by NBRB.
Q 2: How can I contact the customer support team at FXPN?
A 2: You can contact via telephone: +375 29 369 80 87, WhatsAPP: +375 44 585 69 85, email: support@fxpn.by and online messaging.
Q 3: Does FXPN offer demo accounts?
A 3: Yes.
Q 4: What platform does FXPN offer?
A 4: It offers MT4 and Sirix (Mobile/Web).
Q 5: What is the minimum deposit for FXPN?
A 5: The minimum initial deposit to open an account is $200.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

User Reviews

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阿烁 ོ 、ʚ
more than one year
How can I contact the account manager?
2023-01-30 15:12
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0
FX1038965397
more than one year
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.
2022-11-22 16:07
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0
0
随心波
more than one year
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…
2022-11-22 13:44
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0
0
Claire18709
more than one year
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.
2022-11-18 10:07
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0
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