Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
FXPN Pros & Cons
- 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 Verdict
FXPN demonstrates moderate stability and can suit certain traders. Its conditions are acceptable, and feedback is mixed but reasonable. In my own tests, it performed adequately, though it lacks the consistency of higher-rated companies.
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FXPN User Reviews
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5-star
0%
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4-star
0%
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3-star
20%
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2-star
60%
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1-star
20%
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Commissions and Fees
Score:We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria6 /10The trading and non-trading commissions of FXPN have been analyzed and rated as having Medium fees, with a fees score of 6/10. Additionally, these commissions were compared with those of the top two competitors, ZForex and OANDA, to provide the most comprehensive information.
- Low Forex trading fees
- No inactivity fee
- No deposit fee
- No withdrawal fee
- No ECN/Raw Spread account
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Is FXPN Safe?
Score:We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria9.3 /10FXPN 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 14 years
- Strict requirements and extensive documentation to open an account
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Account Types
Score:We evaluate a broker’s account offering by analyzing the range and suitability of available account types and how effectively they cater to different trader profiles and strategies. Our assessment covers the diversity of account options — including Standard, ECN/Raw, Cent, Swap-Free (Islamic), and VIP accounts — as well as the flexibility of trading conditions provided. Learn the assessment criteria.5 /10FXPN offers the following account options: Standard, VIP.
However, FXPN does not provide an ECN account with direct market access, which may be a drawback for experienced traders or scalpers seeking the lowest spreads.
- Standard account with balanced trading conditions
- Exclusive VIP account with enhanced trading conditions
- Low minimum deposit
- No ECN/Raw spread account
- No Cent account
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Deposit and Withdrawal
Score:This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology6.5 /10FXPN received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
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Markets and Tradable Assets
Score:The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change. Learn the assessment criteria6.8 /10FXPN offers a limited selection of trading assets compared to the market average. The platform supports 365 assets in total, including 50 Forex pairs.
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Trading Account Opening
We successfully registered an account with FXPN in 20 minutes. The KYC verification was completed within 2 business days. The minimum deposit amount at FXPN is $500.Score:We evaluated Trading Account Opening at FXPN by testing the registration process under real conditions, including opening an account and funding it with the minimum required deposit (but no less than $100). Our assessment considered whether onboarding was fully online, the average registration time, the speed of KYC verification, and how quickly traders could activate their accounts. Learn the assessment criteria.6 /10The onboarding procedure works as expected, although there is room for improvement in speed and simplicity.
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Customer Support
Score:We evaluated Customer Support at FXPN by opening a real account funded with the minimum required deposit (no less than $100) and contacting support to measure response time under real conditions. Our assessment considered contact channels, response speed, multilingual support, and availability hours. Learn the assessment criteria4.6 /10
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FAQs
How do reviews describe FXPN’s commissions, spreads, and non-trading fees?
Reviews of FXPN’s fees indicate a medium overall fee level, with a commissions and fees score of 6/10. The broker offers low Forex trading fees and does not charge deposit, withdrawal, or inactivity fees, but it does not provide an ECN/Raw Spread account, which some reviewers see as a drawback.
What account types and trading conditions are available with FXPN?
FXPN offers Standard and VIP account categories, with specific tiers named Silver, Gold, Platinum, and VIP that differ by minimum deposit, spreads, stock trading fees, and swap discounts. The broker does not provide demo, ECN/Raw spread, cent, micro, swap-free, or managed accounts, and higher-tier accounts include more training sessions and market updates.
What do user reviews and feedback say about FXPN overall?
FXPN has a user satisfaction score of 4/10 based on 5 reviews, with 60% of ratings at 2 stars, 20% at 3 stars, and no 4- or 5-star reviews. According to user reviews, the overall tone is mostly negative.
What deposit and withdrawal options and conditions does FXPN offer?
FXPN supports deposits and withdrawals via bank cards, bank wire, Skrill, and Neteller, with no stated withdrawal fee and a low minimum withdrawal requirement. The broker uses major base currencies (USD, EUR, GBP, CHF), does not accept BTC or Wise, and sets a minimum deposit of $500 while the minimum withdrawal amount is $0, though these may vary by account type and payment method.
Which markets and tradable assets are covered by FXPN according to reviews?
FXPN provides access to 365 tradable assets, including 50 currency pairs, along with stocks, commodity futures, cryptocurrencies, and stock indices, but not options, bonds, or ETFs. The broker also offers copy trading, while PAMM investing and managed accounts are not available.
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