According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $500
- Sirix
- Social Trading
- CySEC
- 2012
Our Evaluation of FXPN
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
FXPN is a moderate-risk broker with the TU Overall Score of 5.83 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by FXPN clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this broker as not all clients are satisfied with the company, according to reviews.
FXPN is a regulated broker offering a diverse range of trading instruments and account types. Its user-friendly platform, demo accounts, and social trading tools are suitable for both novice and experienced traders.
Brief Look at FXPN
FXPN is a brokerage company that has been providing access to financial markets since 2011. It operates under MiFID II (Markets in Financial Instruments Directive) and is regulated by FSCA (the Financial Sector Conduct Authority of South Africa). FXPN offers trading in Forex and CFDs on a wide range of assets, including stocks, indices, cryptocurrencies, and commodities. The broker offers a variety of account types, leverage up to 1:200, and the Sirix web-based trading platform, which can be accessed on multiple devices. Clients can trade independently or use the Social Trading platform to copy the strategies of other successful traders.
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- Availability of a brokerage license;
- Support for both online and mobile trading platforms;
- Copy trading;
- Diversity of trading instruments;
- Prompt multilingual support;
- Negative balance protection and fund segregation;
- Availability of a demo account and education.
- Minimum deposit is $500;
- Regional restrictions.
TU Expert Advice
Author, Financial Expert at Traders Union
FXPN offers a comprehensive suite of trading instruments, including Forex and CFDs on cryptocurrencies, stocks, indices, and commodities. The platform provides multiple account types, from Silver to VIP, and supports advanced features such as social trading, enabling users to copy professional traders' strategies. FXPN utilizes the Sirix platform, which is accessible on web and mobile devices, catering to various trading styles and experience levels. Additionally, the broker ensures client funds safety through negative balance protection and segregated accounts, along with strong regulatory oversight by CySEC and the FSCA, enhancing its appeal to both novice and experienced traders.
However, FXPN presents some drawbacks, such as a high minimum deposit requirement of $500 and limited asset offerings compared to competitors. Additionally, the lack of live chat support and a comprehensive educational section may detract from the overall user experience. FXPN's restricted availability in certain regions and its moderately high Forex trading fees amay not align with all traders, particularly those with cost-sensitive strategies. Overall, FXPN may suit experienced traders looking for diverse CFDs and robust social trading tools but may not provide sufficient support and resources for beginners.
FXPN Trading Conditions
| 💻 Trading platform: | Sirix (web and mobile) and Social Trading |
|---|---|
| 📊 Accounts: | Silver, Gold, Platinum, VIP, and Demo |
| 💰 Account currency: | USD, EUR, and GBP |
| 💵 Deposit / Withdrawal: | Visa, Mastercard, Maestro, Swift, bank transfers, and e-wallets |
| 🚀 Minimum deposit: | $500 |
| ⚖️ Leverage: | Up to 1:200 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | 0.01 |
| 💱 EUR/USD spread: | 0,5-0,8 pips |
| 🔧 Instruments: | Forex and CFDs on cryptocurrencies, stocks, indices, and commodities |
| 💹 Margin Call / Stop Out: | 100%/30% |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | Market |
| ⭐ Trading features: |
Social trading; Hedging is allowed; Floating spreads. |
| 🎁 Contests and bonuses: | No |
FXPN specializes in OTC markets, offering 49 currency pairs and over 340 CFDs. The maximum leverage varies by the asset and is 1:200 for Forex, 1:25 for stocks, 1:5 for cryptocurrencies, 1:100 for metals, and 1:50 for indices and commodities. The Sirix platform allows traders to place market, pending (buy limit, sell limit, buy stop, and sell stop), stop-loss, and take-profit orders.
FXPN Key Parameters Evaluation
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Trading Account Opening
To open a trading account with FXPN, follow these steps:
Register by providing your personal information.
Choose an account type.
Verify your identity by uploading the required identity documents.
Wait for your account to be activated after verification.
Regulation and safety
FXPN has a safety score of 9.3/10, which corresponds to a High security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Tier-1 regulated
- Negative balance protection
- Track record over 13 years
- Strict requirements and extensive documentation to open an account
FXPN Regulators and Investor Protection
| Abbreviation | Full Name | Country of regulation | Investor Protection Fund | Regulation Level |
|---|---|---|---|---|
 CySec |
Cyprus Securities and Exchange Commission | Cyprus | Up to €20,000 | Tier-1 |
 FSCA SA |
Financial Sector Conduct Authority of South Africa | South Africa | No specific fund | Tier-2 |
FXPN Security Factors
| Foundation date | 2012 |
| Negative balance protection | Yes |
| Verification (KYC) | Yes |
Commissions and fees
The trading and non-trading commissions of broker FXPN have been analyzed and rated as Medium with a fees score of 6/10. Additionally, these commissions were compared with those of the top two competitors, Eightcap and InstaForex, to provide the most comprehensive information.
- No inactivity fee
- No deposit fee
- No withdrawal fee
- Above-average Forex trading fees
- No ECN/Raw Spread account
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of FXPN with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, FXPN’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
FXPN Standard spreads
| FXPN | Eightcap | InstaForex | |
| EUR/USD min, pips | 0,5 | 0,4 | 3 |
| EUR/USD max, pips | 0,8 | 1,5 | 7 |
| GPB/USD min, pips | 0,5 | 0,8 | 3 |
| GPB/USD max, pips | 1,1 | 1,5 | 7 |
Does FXPN support RAW/ECN accounts?
As we discovered, FXPN does not offer RAW/ECN accounts, which might be a drawback for transparency and liquidity. However, this doesn't make the broker uncompetitive. Consider factors like spread levels, execution speed, regulation, support quality, and trading tools when choosing a reliable broker.
Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with FXPN. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
FXPN Non-Trading Fees
| FXPN | Eightcap | InstaForex | |
| Deposit fee, % | 0 | 0 | 0 |
| Withdrawal fee, % | 0 | 0 | 0,5-2 |
| Withdrawal fee, USD | 0 | 0 | 20-100 |
| Inactivity fee ($, per month) | 0 | 0 | 0 |
Account types
FXPN offers various account types tailored to different trading strategies. The offered account types differ in trading conditions and additional opportunities like education and market analysis.
Account types:
Deposit and withdrawal
FXPN received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
FXPN provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.
- Bank card deposits and withdrawals
- Bank wire transfers available
- Low minimum withdrawal requirement
- No deposit fee
- BTC not available as a base account currency
- Minimum deposit above industry average
- BTC payments not accepted
What are FXPN deposit and withdrawal options?
FXPN provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire, Skrill, Neteller.
FXPN Deposit and Withdrawal Methods vs Competitors
| FXPN | Eightcap | FBS | |
| Bank Wire | Yes | Yes | Yes |
| Bank card | Yes | Yes | Yes |
| PayPal | No | Yes | No |
| Wise | No | No | No |
| BTC | No | Yes | No |
What are FXPN base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs for clients worldwide. FXPN supports the following base account currencies:
What are FXPN's minimum deposit and withdrawal amounts?
The minimum deposit on FXPN is $500, while the minimum withdrawal amount is $0. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact FXPN’s support team.
Markets and tradable assets
FXPN offers a limited selection of trading assets compared to the market average. The platform supports 365 assets in total, including 50 Forex pairs.
- Crypto trading
- Indices trading
- Copy trading platform
- Futures not available
- Limited asset selection
Supported markets vs top competitors
We have compared the range of assets and markets supported by FXPN with its competitors, making it easier for you to find the perfect fit.
| FXPN | Eightcap | FBS | |
| Currency pairs | 50 | 40 | 74 |
| Total tradable assets | 365 | 800 | 600 |
| Stocks | Yes | Yes | Yes |
| Commodity futures | Yes | Yes | Yes |
| Crypto | Yes | Yes | Yes |
| Stock indices | Yes | Yes | Yes |
| Options | No | No | No |
Investment options
We also explored the trading assets and products FXPN offers for beginner traders and investors who prefer not to engage in active trading.
Customer support
FXPN’s technical support is available from 09:00 to 18:00 (GMT+3) Monday through Friday.
Advantages
- Phone support
- Multilingual client service
Disadvantages
- No live chat
- Communication via messengers is not available
Available communication channels include:
-
Email;
-
Phone;
-
Feedback form.
Contacts
| Foundation date | 2012 |
|---|---|
| Registration address | 223050 Minsk region, Kolodischi, Minskaya st. 69a-2, Office 34, Republic of Belarus |
| Regulation | CySEC |
| Official site | https://fxpn.com/ |
| Contacts |
(+357) 25 254912
|
Education
The FXPN website features limited educational materials for novice traders, however the broker offers private courses for its existing clients. The number of available training sessions depends on the account type and deposit.
Comparison of FXPN with other Brokers
| FXPN | Bybit | Eightcap | XM Group | IC Markets | Kama Capital | |
| Trading platform |
Sirix, Social Trading | MetaTrader5 | MT4, MT5, TradingView | MT4, MT5, MobileTrading, XM App | MT4, cTrader, MT5, TradingView | MetaTrader5 |
| Min deposit | $500 | No | $100 | $5 | $200 | No |
| Leverage |
From 1:1 to 1:200 |
From 1:1 to 1:500 |
From 1:30 to 1:500 |
From 1:1 to 1:30 |
From 1:1 to 1:500 |
From 1:1 to 1:400 |
| Trust management | No | No | No | No | No | No |
| Accrual of % on the balance | No | No | No | No | No | No |
| Spread | From 0.2 points | From 0 points | From 0 points | From 0.8 points | From 0 points | From 0 points |
| Level of margin call / stop out |
100% / 30% | No / 50% | 80% / 50% | 100% / 50% | 100% / 50% | 20% / No |
| Order Execution | Market Execution | Market Execution | Market Execution | Market Execution | Market Execution | Market Execution |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | No | No | No | No | No | Yes |
Detailed review of FXPN
FXPN provides comfortable conditions for novice and experienced traders. With 13 years of experience, the broker has been regulated by FSCA of South Africa since 2021. FXPN offers a wide range of trading instruments, expert analysis, and investment ideas to suit various trading strategies. The user-friendly interface and demo accounts allow users to easily start trading, which is particularly important for novice traders. Additionally, the broker offers semi-automated and automated social trading options, making the trading process more available and informative for any trader.
FXPN trading platforms:
-
Sirix. This is a trading platform supporting one-click trading, a newsfeed, an economic calendar, and multiple chart types. It's available on both web and mobile devices for Android and iOS.
-
Social Trading. It is a platform for automated trading using signals of experienced traders.
FXPN by the numbers:
-
Over 13 years of experience;
-
380+ trading instruments;
-
Leverage up to 1:200;
-
4 account types.
Useful services offered by FXPN:
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Trading currency pairs (Forex);
-
Investment in CFDs on stocks, indices, commodities, and cryptocurrencies;
-
Social trading and automated copy trading;
-
Technical support for clients and unregistered users via multiple communication channels;
-
Educational materials for novice traders;
-
Market analysis with expert opinion, market updates, trading ideas, and economic calendar.
Promotions and bonuses:
-
No
FXPN is a broker for active trading
This brokerage company provides an opportunity to earn money on Forex, as well as on trading CFDs on stocks, metals, indices, cryptocurrencies, and commodities. FXPN guarantees the best order execution and offers different trading conditions depending on the account type. Conditions for retail and professional traders differ in leverage and margin. To earn passively, you can use third-party services for copying trades. It is enough to choose traders with profitable statistics and connect them to their trading signals.
Traders can work through MetaTrader 4 installed on a computer or mobile device. MT4 has more than 2,000 technical indicators, advanced charting tools, instant execution, and timely alerts. A demo account is also available for clients for risk-free trading with virtual currency.
Useful services offered by FXPN:
-
Support service. It is available via online form, email, and phone;
-
Publication of futures execution dates. All CFDs on futures are closed upon expiration. The company publishes these dates so that traders can monitor the timing of closing CFDs;
-
Monthly update of market schedules for the UK holidays.
Advantages:
Availability of educational resources;
Funds are held in segregated accounts;
No commission per lot;
Access to trading on global markets;
Trading platforms for mobile devices;
Account types for traders of any experience.
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