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.
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.
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, OANDA and FOREX.com, to provide the most comprehensive information.
- Low Forex trading fees
- No inactivity fee
- No deposit fee
- No withdrawal fee
- 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 OANDA FOREX.com EUR/USD min, pips 0.5 0.1 0.7 EUR/USD max, pips 0.8 0.5 1.2 GPB/USD min, pips 0.5 0.1 0.9 GPB/USD max, pips 1.1 0.5 1.4 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 OANDA FOREX.com Deposit fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks. 0 0-15 0 Inactivity fee ($, per month) 0 0 15 -
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
FXPN Regulators and Investor Protection Abbreviation Full Name Country of regulation Investor Protection Fund Regulation Level 
CySec Full Name Cyprus Securities and Exchange Commission Country of regulation Cyprus Investor Protection Fund Up to €20,000 Regulation Level Tier-1 
FSCA SA Full Name Financial Sector Conduct Authority of South Africa Country of regulation South Africa Investor Protection Fund No specific fund Regulation Level Tier-2 FXPN Security Factors Foundation date 2012 Negative balance protection YesVerification (KYC) Yes -
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, it does not provide a Cent account, which can be a disadvantage for beginners looking to practice with minimal risk.
- Low minimum deposit
- Standard account with balanced trading conditions
- Exclusive VIP account with enhanced trading conditions
- No Demo account
- No Cent account
FXPN account types vs top competitors FXPN Plus500 Trading.com Standard YesYesYesECN/Raw spread NoNoNoDemo NoYesYesCent NoNoNoMicro NoNoNoSwap Free NoNoNoVIP YesNoNoManaged NoNoNoFXPN accounts trading conditions
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:
Account Type Description Silver The minimum deposit is $500, spread starts from 1.1 pips, fees for trading stocks are 0.5%, and swaps are regular. 1 private training session is available. Gold The minimum deposit is $10,000, spread starts from 0.8 pips, fees for trading stocks are 0.4%, and there is a 10% swap discount. 4 training sessions and weekly email market updates are available. Platinum The minimum deposit is $50,000, spread starts from 0.5 pips, fees for trading stocks are 0.35%, and there is a 25% swap discount. 8 training sessions and daily email market updates are available. VIP The minimum deposit is $150,000, spread starts from 0.2 pips, fees for trading stocks are 0.3%, and there is a 50% swap discount. 16 training sessions and daily email and SMS market updates are available. -
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.
FXPN provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.
- Bank wire transfers available
- Minimum deposit below industry average
- Low minimum withdrawal requirement
- Bank card deposits and withdrawals
- USDT payments not accepted
- PayPal not supported
- Limited deposit and withdrawal flexibility, leading to higher costs
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 Plus500 Trading.com Bank Wire YesYesYesBank card YesYesYesPayPal NoYesNoWise NoNoNoBTC NoNoNoWhat are FXPN base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs. FXPN supports the following base account currencies: USD, EUR, GBP, CHF.
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.
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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.
- Indices trading
- Crypto trading
- 50 supported currency pairs
- Limited asset selection
- Bonds not available
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 Plus500 Trading.com Currency pairs 50 60 69 Total tradable assets The total tradable assets listed include all available instruments, including CFDs. Due to regional restrictions, certain CFDs may not be offered in some countries. For example, cryptocurrency CFDs are banned in the UK, and the U.S. has restrictions on CFDs. 365 2800 69 Stocks YesYesNoCommodity futures YesYesNoCrypto Cryptocurrency CFDs are restricted or prohibited in certain regions due to regulatory limitations. These include the United Kingdom, China, Egypt, the United States and Canada. YesYesNoStock indices YesYesNoOptions NoYesNoInvestment options
We also explored the trading assets and products FXPN offers for beginner traders and investors who prefer not to engage in active trading.
FXPN Plus500 Trading.com Bonds NoNoNoETFs NoYesNoCopy trading YesNoNoPAMM investing NoNoNoManaged accounts NoNoNo -
Trading Account Opening
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 /10We 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. The onboarding procedure works as expected, although there is room for improvement in speed and simplicity.
- Fully online account opening process
- Low minimum deposit requirement
- Registration process may take longer than expected
- Account approval may require extra time depending on the documentation.
FXPN account opening FXPN Plus500 Trading.com Online Registration YesYesYesMinimum deposit $500 $100 $50 Mandatory KYC YesYesYesRegistration time (min) 20 20 KYC time (days) 2 3 2 Is FXPN available in my country?
If you are a citizen of United States, the broker accepts clients from your country.
Please note that availability may vary due to regulatory requirements, so we recommend confirming directly with the broker for the most accurate and up-to-date information.
Account opening details
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.
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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 /10The broker’s customer support shows noticeable weaknesses in responsiveness or communication quality. Delays in replies are common, and resolution may require repeated contact.
In TU testing, response speed was below expectations, and assistance was limited in depth. Traders who rely heavily on support may experience inconvenience.
InformationFXPN’s technical support is available from 09:00 to 18:00 (GMT+3) Monday through Friday.
- Phone support
- Multilingual client service
- 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 support@fxpn.by (+357) 25 254912
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FAQs
How is FXPN regulated and what security measures are highlighted in reviews of its safety?
FXPN is regulated by the Cyprus Securities and Exchange Commission (CySEC) as a Tier-1 regulator with an investor protection fund of up to €20,000, and by the Financial Sector Conduct Authority (FSCA) of South Africa as a Tier-2 regulator without a specific compensation fund. The broker has a safety score of 9.3/10, offers negative balance protection, and has been operating since 2012, which together correspond to a high security level in the reviewed methodology.
What do reviews say about FXPN trading commissions and non-trading fees?
FXPN’s overall fees are rated as medium, with a commissions and fees score of 6/10, while offering low forex trading fees and no deposit, withdrawal, or inactivity fees. For Standard accounts, trading costs are built into floating spreads, with typical EUR/USD spreads ranging from 0.5 to 0.8 pips and GBP/USD from 0.5 to 1.1 pips, though spreads may widen during high volatility; RAW/ECN accounts are not available according to the review.
What do user reviews and feedback indicate about overall satisfaction with FXPN?
FXPN has a user satisfaction score of 4/10 based on 5 reviews, with 20% of ratings at 3 stars, 60% at 2 stars, and 20% at 1 star. According to user reviews, overall sentiment is mostly negative, with no 4- or 5-star ratings reported in the available data.
What deposit and withdrawal options and conditions are mentioned in FXPN reviews?
Reviews note that FXPN supports deposits and withdrawals via bank cards, bank wire, Skrill, and Neteller, with no deposit or withdrawal fees reported. The broker offers base account currencies in USD, EUR, GBP, and CHF, does not support USDT or PayPal, and has a stated minimum deposit of $500 with a minimum withdrawal amount of $0, which may vary by account type and payment method.
How do reviews describe the FXPN trading account opening process and requirements?
The review states that FXPN offers a fully online account opening process, with registration taking about 20 minutes and KYC verification typically completed within 2 business days. The minimum deposit is $500, and while the onboarding works as expected, comments indicate that account approval and registration may take longer depending on the documentation and could be improved in speed and simplicity.
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