FXPN-Overview of Minimum Deposit, Spreads & Leverage
Abstract： FXPN is a regulated broker that provides a variety of trading instruments including forex, stocks, precious metals, commodities, indices, and cryptocurrencies. FXPN also offers a variety of account types including platinum, gold, and silver, and private training courses. In addition, FXPN sets a minimum spread of 0.7, a minimum deposit of $200, and a maximum leverage of 1:200.
| FXPNReview Summary | |
| Founded | 2-5 years |
| Registered Country/Region | Belarus |
| Regulation | Regulated |
| Market Instruments | Forex, Stocks, Precious Metals, Commodities, Indices&Crypto Currencies |
| Demo Account | Not mentioned |
| Leverage | Up to 1:200 |
| Spread | Start from 0.7 pips |
| Trading Platform | MT5&SIRIX Web Trader(iOS, Android, Desktop, Web & Mobile) |
| Min Deposit | $200 |
| Customer Support | Phone: +375 29 369 80 87 |
| Email:complaints@fxpn.bysupport@fxpn.by | |
| WhatsApp: +375 44 585 69 85 | |
FXPN Information
FXPN is a regulated broker that provides a variety of trading instruments including forex, stocks, precious metals, commodities, indices, and cryptocurrencies. FXPN also offers a variety of account types including platinum, gold, and silver, and private training courses. In addition, FXPN sets a minimum spread of 0.7, a minimum deposit of $200, and a maximum leverage of 1:200.
Pros and Cons
| Pros | Cons |
| Regulated | Higher deposit(start from $200) |
| MT4 available | Commissions unclear |
| Leverage up to 1:100 | Official website inaccessible |
| Various trading instruments: forex, stocks, precious metals, etc. | |
| Multiple account types: platinum, gold, silver |
Is FXPN Legit?
FXPN is regulated by the NBRB with license number 193295922.
What Can I Trade on FXPN?
Forex, stocks, precious metals, commodities, indices, and cryptocurrencies are FXPN's tradable instruments.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Stocks | ✔ |
| Cryptocurrencies | ✔ |
| Precious Metals | ✔ |
| Indices | ✔ |
| ETFs | ❌ |
| Bonds | ❌ |
| Mutual Funds | ❌ |
Account Type
According to different traders' conditions, FXPN launches 3 account types: platinum, gold, and silver. The minimum deposits for platinum, gold, and silver are $200, $10,000, and $50,000 respectively. The minimum spreads for the three accounts range from 0.7 to 1.8 pips, and the commissions range from 0.35% to 5%.
| Account Type | Silver | Gold | Platinum |
| Minimum Deposit | $200 | $10000 | $50000 |
| Minimum Spread | 1.8 pips | 1.3 pips | 0.7 pips |
| Supported EA | Yes | Yes | Yes |
| Commission on Stocks | 0.5% | 0.4% | 0.35% |
| Private Training | 1 session | 4 sessions | 8 sessions |
FXPN Fees
The minimum spreads for platinum, gold, and silver are 1.8pips, 1.3pips, and 0.7pips respectively, while stock commissions are 5%, 4%, and 3.5% respectively.
Leverage
The highest leverage is 1:200, which means profits and losses are magnified 200 times.
Trading Platform
MT4 and SIRIX Web Trader are FXPNs three trading platforms. MT4 and SIRIX Web Trader support iOS and Android versions. In addition, MT4 also supports Desktop, Web & Mobile versions.
| Trading Platform | Supported | Available Devices |
| MT4 | ✔ | iOS, Android, Desktop, Web & Mobile |
| SIRIX Web Trader | ✔ | iOS, Android |
Deposit and Withdrawal
FXPN's minimum deposit is $200. Deposits accept bank transfers, SWIT, electronic wallets, debit/credit cards, and other payment methods. The processing is within one working day after the relevant amount is settled in the bank account. Debit and credit cards like Visa, MasterCard, Switch, and Maestro in USD/EUR come with no fees or commissions and are processed instantly.
Customer Support Options
Traders can contact FXPN via phone, email, and WhatsApp.
| Contact Options | Details |
| Phone | +375 29 369 80 87 |
| complaints@fxpn.bysupport@fxpn.by | |
| +375 44 585 69 85 | |
| Supported Language | English |
| Website Language | English |
| Physical Address | 223050 Minsk region, Kolodischi, Minskaya St. 69a-2, office 34, Republic of Belarus. |
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