FXPN broker was created by traders with years in the industry. Our mission is to provide an accessible and intuitive way for traders of all levels to invest. As a brokerage regulated by the National Bank of Belarus, we offer our clients a dependable trading ecosystem, where they can choose from a wide range of instruments to realize their investment goals.
FXPN Infomation
FXPN is a trading platform offering a variety of financial instruments and leveraging the MetaTrader 4 platform, renowned for its technical analysis tools and user-friendly interface. It is suitable for both novice and experienced traders, providing educational resources and customer support to enhance trading experiences.
Pros & Cons of FXPN
Pros: Diverse Financial Instruments: FXPN offers a wide range of financial instruments including forex, commodities, indices, stocks, and cryptocurrencies.
MetaTrader 4 Platform: FXPN utilizes the MetaTrader 4 platform, which is known for its robust charting tools, technical analysis capabilities, and user-friendly interface.
Educational Resources: FXPN provides educational materials such as trading glossary, trading analysis, and economic calendars, which are beneficial for traders looking to enhance their market knowledge.
Customer Support: FXPN offers multiple contact options including telephone and email support, indicating efforts to provide accessible customer service to traders.
Cons: Revoked Regulatory Status: FXPN's regulatory status was revoked, raising concerns about the platform's adherence to financial regulations and investor protections.
Is FXPN Safe？
FXPN's regulation status has undergone a significant change, as its license with the Cyprus Securities and Exchange Commission (CySEC), under license number 160/11, has been revoked. This regulatory action means that FXPN no longer operates under the oversight and supervision of CySEC, which is responsible for regulating financial services firms in Cyprus. The revocation of the license indicates that FXPN no longer complies ith the stringent regulatory requirements mandated by CySEC, including investor protection measures and financial transparency standards.
What are Securities to Trade with FXPN？
FXPN offers a diverse array of financial instruments for trading. Traders can access major currency pairs in the forex market, facilitating opportunities for speculative trading or hedging against currency fluctuations. Additionally, FXPN provides access to global stock markets, allowing investors to trade stocks of leading companies across various sectors. For those interested in diversifying their portfolios, FXPN offers precious metals such as gold and silver, as well as commodities like oil and agricultural products. Indices representing major stock market benchmarks are also available, providing exposure to broader market trends. Furthermore, FXPN supports trading in cryptocurrencies, offering opportunities to trade popular digital assets.
FXPN Accounts
FXPN offers a variety of account types to accommodate different trading preferences and experience levels. The Silver account requires a minimum deposit of €200, offering competitive spreads starting from 1.8 pips for forex trading. While it does not charge trading fees, it includes basic features such as one private training session and access to market alerts via email.
The Goldaccount, requiring a higher minimum deposit of €10,000, features tighter spreads from 1.3 pips and a reduced commission rate of 0.4% on stocks. This account also includes more comprehensive trading analysis tools, four private training sessions, weekly market alerts, and live market reviews.
The Platinum account, requiring a substantial minimum deposit of €50,000, boasts the lowest spreads starting from 0.7 pips and a further reduced commission rate of 0.35% on stocks. It offers advanced trading analysis, eight private training sessions, daily market alerts, and four live market review sessions.
FXPN Fees Review
FXPN implements a straightforward fee structure across its range of financial instruments, with varying commission rates for specific asset classes. Trading forex and precious metals incur zero commissions, providing cost-effective opportunities for traders in these markets. Similarly, commodities and indices trading also feature zero commissions, ensuring transparent pricing without additional costs. However, for trading stocks and cryptocurrencies, FXPN applies a fixed commission rate of 0.5% per transaction. This fee is calculated based on the transaction value.
FXPN implements a strict margin call policy set at 100%, which is a significant indicator of its risk management approach. This policy means that traders must maintain at least 100% of their margin requirements to avoid a margin call, where positions are automatically liquidated to cover losses if funds fall below this threshold.
FXPN App Review
FXPN offers a versatile and accessible trading platform through MetaTrader 4 (MT4), for both desktop and mobile users. Traders can download MT4 on their personal computers to access robust technical analysis tools and execute trades across various financial markets with ease. For added convenience, FXPN's MT4 platform is also available on web browsers. Mobile traders can utilize the MT4 app, available on Google Play and the Apple Store.
FXPN also offers a trading platform through Sirix. Sirix Mobile provides a dedicated native app for iOS and Android, ensuring traders can access their accounts on smartphones and tablets. This mobile app guarantees that traders stay connected to the market. For those preferring a desktop-like experience, Sirix Web delivers an HTML5 trading environment accessible via any browser, including Chrome. It features one-click trading and advanced charting tools, empowering traders to analyze market trends and execute trades efficiently.
Research & Education
FXPN offers a suite of resources designed to empower traders with knowledge and tools. The platform provides educational materials covering automation strategies, allowing traders to automate aspects of their trading processes for efficiency and consistency. A trading glossary is also available, helping traders understand key terminology essential for navigating financial markets effectively. For in-depth trading analysis, FXPN offers analyst views, featured trading ideas, and an economic calendar.
Customer Service
FXPN offers customer service through multiple contact channels and an approach to addressing client needs. Based in Belarus, FXPN's physical address is 223050 Minsk region, Kolodischi, Minskaya st. 69a-2, Office 34. FXPN provides accessibility via telephone at +375 29 369 80 87 and +375 44 585 69 85 for direct inquiries and support. Additionally, the availability of email addresses such as complaints@fxpn.by and support@fxpn.by facilitates efficient communication and resolution of issues or concerns.
Conclusion
FXPN has been a trading platform that offered diverse financial instruments and operated with a commitment to customer service and accessibility. With a range of financial instruments and robust trading tools available through MetaTrader 4, FXPN suits both novice and experienced traders. However, it's important to note that FXPN's regulatory status was revoked, indicating changes in its oversight and compliance framework.
FAQs
Is FXPN safe to trade？
FXPN's regulatory status has been revoked, which raises concerns about its safety for trading.
Is FXPN a good platform for beginners？
FXPN's MetaTrader 4 platform and educational resources make it suitable for beginners to start trading and learn the ropes of financial markets.
Does FXPN charge commissions or fees？
FXPN does not charge commissions on forex and precious metals trading. However, there is a fixed commission of 0.5% per transaction for stocks and cryptocurrencies.
What are the minimum deposit requirements for FXPN accounts？
The minimum deposit varies depending on the account type: €200 for Silver, €10,000 for Gold, and €50,000 for Platinum accounts.
Risk Warning
The information provided is based on WikiStock's expert evaluation of the brokerage's website data and is subject to change. Besides, online trading entails substantial risks, potentially leading to total loss of invested funds, so comprehending associated risks before engaging is crucial.
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