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Score

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/10

FXPN

Cyprus|2-5 years|
White label MT4|Regional Brokers|Cyprus Market Making(MM) Revoked|High potential risk|

https://fxpn.eu/

Website

Rating Index

MT4/5 Identification

MT4/5

White Label

Leverate-Europe

United Kingdom
MT4
1

Influence

C

Influence index NO.1

Cyprus 3.48

MT4/5 Identification

MT4/5 Identification

White Label

1
Server Name
Leverate-Europe MT4
Server Location United Kingdom

Influence

Influence

C

Influence index NO.1

Cyprus 3.48

Surpassed 47.84% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+357 25 254912
support@fxpn.eu
https://fxpn.eu/
Zavos City Center, 4th floor 88 Ayias Fylaxeos ST. Limassol 3025, Cyprus.

Licenses

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

Single Core

1G

40G

Open Now

Contact number

English

+357 25 254912

Other ways of contact

Broker Information

More

Company Name

Leverate Financial Services Ltd,

Abbreviation

FXPN

Platform registered country and region

Cyprus

Company website

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away! 2
Previous Detection : 2024-07-18
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • CyprusCYSEC (license number: 160/11) The regulatory status is abnormal, the official regulatory status is Revoked. Please be aware of the risk!

WikiFX Verification

FXPN · WikiFX Survey

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FXPN · Company Summary

FXPN Basic Information
Company Name FXPN
Registered country and region Cyprus
Regulations Not regulated
Tradable Assets Currencies, Commodities, Indices, Shares, Cryptocurrencies
Account Types Silver, Platinum, Gold, VIP Account
Minimum Deposit 500€ / $ / £
Maximum Leverage 1:30
Spreads Variable
Trading Platforms MetaTrader 4
Customer Support Email (support@fxpn.eu)Phone (+357-25-254912)

Overview of FXPN

FXPN, registered in Cyprus, provides an online trading platform offering diverse financial instruments to traders. With account options such as Silver, Platinum, Gold, and VIP, traders can access a wide range of assets including currencies, commodities, indices, shares, and cryptocurrencies via the MetaTrader 4 platform. It's important to note that FXPN operates without regulatory oversight, emphasizing the need for caution due to potential risks associated with unregulated trading.

Overview of FXPN

Is FXPN Legit?

FXPN is not regulated. It's worth mentioning that FXPN operates without regulation, meaning it lacks oversight from recognized financial regulatory authorities. Traders should proceed with caution and understand the risks involved when dealing with an unregulated broker like FXPN. This includes potential challenges in dispute resolution, concerns about fund safety and security, and a lack of transparency in the broker's operations. It's advisable for traders to conduct thorough research on a broker's regulatory status before initiating any trading activities to safeguard their trading experience.

Is FXPN Legit?

Pros and Cons

FXPN presents a compelling offering with its wide selection of trading instruments, catering to diverse investment preferences. However, the absence of regulatory oversight may raise concerns for traders, as it could potentially expose them to risks. On the positive side, FXPN provides multiple account types, allowing traders to choose an option that suits their individual needs and preferences. Nevertheless, the platform lacks sufficient educational materials and transparency regarding company policies, which may hinder traders' ability to make informed decisions. FXPN utilizes the popular MetaTrader 4 platform, known for its user-friendly interface and advanced trading features, enhancing the overall trading experience. Despite these advantages, reported issues with website accessibility could frustrate traders. Additionally, the provision of flexibility through variable spreads is a noteworthy feature, offering traders greater control over their trading strategies and risk management.

Pros Cons
  • Wide selection of trading instruments available
  • Absence of regulatory oversight may pose risks for traders
  • Offers multiple account types
  • Insufficient educational materials and unclear disclosure of company policies
  • Utilizes the popular MetaTrader 4 platform
  • Unable to access the website
  • Provides flexibility with variable spreads

Trading Instruments

FXPN provides a diverse array of trading instruments to cater to the needs of investors. These include currencies, commodities, indices, shares, and cryptocurrencies.

Trading Instruments

Account Types

FXPN offers a range of account types tailored to meet the varying needs and preferences of traders. These include the Silver Account, Platinum Account, Gold Account, and VIP Account. The minimum deposit required for each account type is as follows: Silver Account - €500 / $ / £, Platinum Account - €50,000 / $ / £, Gold Account - €10,000 / $ / £, and VIP Account - €150,000 / $ / £.

Account Type Minimum Deposit Maximum Leverage Spread Type Trading Instruments
Silver Account 500€ / $ / £ 1:30 From 1.1 pips Currencies, Commodities, Indices, Shares, Cryptocurrencies
Platinum Account 50.000€ / $ / £ 1:30 From 0.5 pips Currencies, Commodities, Indices, Shares, Cryptocurrencies
Gold Account 10.000€ / $ / £ 1:30 From 0.8 pips Currencies, Commodities, Indices, Shares, Cryptocurrencies
VIP Account 150,000€ / $ / £ 1:30 From 0.2 pips Currencies, Commodities, Indices, Shares, Cryptocurrencies
Account Types

Leverage

FXPN offers a maximum leverage of 1:30 across all account types, including the Silver Account, Platinum Account, Gold Account, and VIP Account.

Leverage

Spreads

FXPN offers competitive spreads across its range of account types, catering to the diverse needs of traders. The spread type varies depending on the account tier, with the Silver Account featuring spreads starting from 1.1 pips, the Platinum Account offering spreads from 0.5 pips, the Gold Account with spreads from 0.8 pips, and the VIP Account boasting the tightest spreads starting from just 0.2 pips.

Trading Platforms

MetaTrader 4 (MT4) stands as the cornerstone of FXPN's trading platform, renowned for its comprehensive features and user-friendly interface. This platform offers traders a robust set of tools and functionalities to execute trades effectively and efficiently.

Trading Platforms

Customer Support

Traders can reach out to the FXPN support team via email at support@fxpn.eu or by phone at +357-25-254912 for immediate assistance.

Customer Support

Conclusion

In conclusion, FXPN offers a diverse range of trading instruments and account types, coupled with widely-used trading platforms, providing flexibility and accessibility for traders. However, the absence of regulatory oversight poses potential risks. Moreover, the limited educational resources and unclear company policies may present challenges for traders seeking comprehensive guidance. It's essential for traders to exercise caution, conduct thorough research, and mitigate potential risks when considering engaging with FXPN for a safer trading experience.

FAQs

Q: Is FXPN regulated?

A: No, FXPN operates without regulation, lacking oversight from recognized financial regulatory authorities.

Q: What trading instruments are available on FXPN?

A: FXPN offers a variety of trading instruments, including currencies, commodities, indices, shares, and cryptocurrencies.

Q: What account types does FXPN offer?

A: FXPN provides various account types, including Silver, Platinum, Gold, and VIP accounts, catering to different trading preferences and experience levels.

Q: How can I contact FXPN's customer support?

A: Traders can reach out to the FXPN support team via email at support@fxpn.eu or by phone at +357-25-254912 for immediate assistance.

Risk Warning

Trading online carries inherent risks, including the potential loss of invested capital. It may not be suitable for all traders or investors. It's crucial to understand these risks fully and recognize that the information provided in this review is subject to change as the company's services and policies evolve over time. Additionally, the review's creation date is significant, as information may have been updated since then. Therefore, readers are encouraged to verify the latest information directly with the company before making any decisions or taking action. Ultimately, readers bear sole responsibility for using the information provided in this review.

User Reviews

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User comment

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Comments

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善哉6447
more than one year
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.
2023-02-21 21:20
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0
0
A九月九
more than one year
I opened a silver account with this company, so far I feel 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 like in the forex market with such high risks, slow is fast.
2022-11-25 19:02
Reply
0
0
FX1039430103
more than one year
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.
2022-11-23 11:54
Reply
0
0
。94447
more than one year
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…
2022-11-23 09:44
Reply
0
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