Score
Belarus
|
5-10 years
| https://fxpn.by/
Website
Rating Index
Belarus
fxpn.by Netherlands
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| 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 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 | 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 |
FXPN is regulated by the NBRB with license number 193295922.
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 | ❌ |
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 |
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.
The highest leverage is 1:200, which means profits and losses are magnified 200 times.
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 |
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.
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. |
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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
善哉6447
Taiwan
I have to say FXPN is not a broker that suits beginners, as it asks for high entry capital, and trading on this platform is quite tough. Put it simply, withdrawals take a long time, which beginners cannot afford it.
Neutral
A九月九
Ecuador
I opened a silver account with this company, so far I feel that the transaction cost is within a reasonable range. Of course, I didn't make money all the time, I had some losses, but because I kept my leverage small, I took very little risk. I feel that in the high-risk forex market, slow is fast.
Positive
。94447
Hong Kong
An initial investment of $500 is too high for me, very unfriendly, I don’t usually trade with high-deposit requirement, I can never relax about my money around them, trading on this platform seems you have to pay both spreads and commissions, not a good choice. I’d better find a better alternative…
Neutral
FX1039430103
Netherlands
1:20 leverage on forex pairs is quite friendly because I don’t want to put myself at too many risks. So compared with others who offer a leverage ratio up to 1:500, I prefer to choose them. Also, legitimate regulation, tight spreads and the MT4 platform attract me a lot. But, the $500 minimum deposit is too high.
Neutral
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
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
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