FXPN

This comprehensive FXPN review analyzes the broker's regulatory compliance, trading platforms, and overall cost structure. By evaluating these key features objectively, we aim to answer the fundamental question: is FXPN a good broker for your trading needs?

Is FXPN Legit and Safe?

FXPN is regulated by offshore and regional authorities in Mauritius and Belarus, but the broker lacks any major top-tier licenses following the voluntary renunciation of its European CySEC authorization.

What Is FXPN? Company Background

FXPN is a retail brokerage brand specializing in Forex and Contracts for Difference (CFDs), with deep ties to Leverate, a well-known financial technology and white-label platform provider. Originally established to leverage Leverate's institutional liquidity and infrastructure, the broker operated for several years under a European framework. Its European entity, Leverate Financial Services Ltd, was based in Cyprus and served clients across the European Union under a Cyprus Securities and Exchange Commission (CySEC) license.

However, the corporate structure changed significantly when Leverate Financial Services Ltd voluntarily renounced its CySEC license, resulting in the official withdrawal of its authorization in February 2024. Following this exit from the European regulatory space, FXPN relocated its primary retail operations to other jurisdictions. Today, the global FXPN brand is operated by Leverate Prime in Mauritius and Leverate Capital Markets LLC in Belarus.

FXPN Regulation

FXPN is overseen by the National Bank of the Republic of Belarus and the Financial Services Commission of Mauritius. These regulators represent offshore and regional authorities that provide less rigorous oversight than top-tier watchdogs. You can check the database of the FSC Mauritius official to verify the current license status of the broker's operating entities. You can check FSC Mauritius official to verify FXPN's license by searching Leverate Prime or license number GB25204371.

The following table provides a comprehensive overview of the corporate entities, regulatory authorities, and license statuses associated with the FXPN brand.

As shown in the table, the regulatory environment for FXPN has weakened considerably since its departure from CySEC, leaving retail traders with minimal statutory protections.

Which FXPN Entity Serves Your Region?

The corporate entity that onboards clients depends entirely on their geographic location and the regulatory rules of their home country:

• Global Retail Clients (Leverate Prime - FSC Mauritius): Most international retail traders are onboarded under the Mauritius-based entity. This offshore registration provides highly flexible trading conditions, such as higher maximum leverage, but it offers almost no safety net if the broker faces financial distress.
• CIS and Regional Clients (Leverate Capital Markets LLC - NBRB Belarus): Traders from Belarus and certain Eastern European regions are served by the Belarusian entity. This branch is strictly bound by local NBRB regulations, which mandate local margin controls and specific dispute-handling pathways.
• Onboarding and Protection Discrepancies: Onboarding under the offshore Mauritius entity requires less documentation than regulated European entities. However, registering offshore means traders forgo standard tier-1 protections, such as segregated trust accounts regulated by strict European banking laws.

Restricted Countries

Due to local regulatory limitations and strict financial laws, FXPN does not offer its brokerage services to residents of several jurisdictions:

• Unsupported Jurisdictions: The broker does not accept clients from the United States, Cuba, Iraq, Myanmar, North Korea, and Sudan.
• Compliance with Local Regulations: Residents of other countries must independently verify if their local laws permit trading with an offshore, FSC-regulated broker before registering an account.

Client Fund Protection

Client fund safety is a primary concern for retail traders, particularly when dealing with offshore or regional brokers. While FXPN claims on its website that it keeps client funds in segregated bank accounts separated from the company's operational capital, the lack of tier-1 oversight makes these claims difficult to verify independently.

• No Investor Compensation Fund: Because FXPN no longer operates under its CySEC license, clients are no longer covered by the Investor Compensation Fund (ICF), which previously protected up to €20,000 per client in the event of broker insolvency.
• Absence of Negative Balance Protection: While some regional entities claim to offer negative balance protection, the offshore Mauritius entity does not have a strict regulatory mandate to protect clients from losing more than their account balance during extreme market volatility.
• Elevated Operational Risk: Trading with a broker licensed solely in offshore or regional jurisdictions significantly increases the difficulty of recovering funds in the event of a dispute.

FXPN User Reviews and Trustpilot Rating

FXPN holds a Trustpilot rating of 2.8/5 based on 7 reviews for its regional domain, reflecting generally negative to poor overall user sentiment, which is mirrored by a 1.5/5 rating across 163 reviews on its global profile. This data, last verified as of June 2026, indicates a severe trust deficit among the broker's client base. You can read individual experiences and see FXPN reviews on Trustpilot to understand what current and past clients say about their services.

Analysis of the feedback reveals specific, recurring themes across different user experiences:

• Aggressive Onboarding Pressure: Numerous reviewers highlight that they felt heavily pressured by persistent, unsolicited telephone calls and emails to fund their accounts immediately after registering.
• Severe Withdrawal and Account Closure Issues: Multiple clients report that they encountered significant barriers when attempting an "fxpn withdrawal," noting that the broker ignored withdrawal requests or abruptly closed their trading accounts without any warning.
• Unresponsive Customer Support: Users complain that while account managers were extremely active and helpful during the deposit process, they became entirely unreachable once technical problems arose or when clients tried to retrieve their capital.

In contrast, a very small minority of positive feedback mentions the following:

• Guided Setups: A few clients appreciated the initial one-on-one guidance provided by support representatives when configuring the trading workspace.
• Simplicity for First-Time Setup: Some early-stage traders noted that registering and completing the baseline verification steps was relatively quick.

Furthermore, while looking specifically for fxpn eu reviews, past clients who traded under the European entity expressed similar frustrations before the CySEC license was terminated, indicating that customer service issues have historically plagued the broker across its different regional branches.

FXPN Account Types

FXPN offers tiered retail account types structured as Silver, Gold, Platinum, and VIP, but accessing competitive trading spreads requires extremely high minimum deposits starting at $10,000.

FXPN Account Types and Minimum Deposit Requirements

To cater to different capital levels, FXPN has structured its offering across four main tiers. However, the cost of trading is heavily tied to how much money a client is willing to deposit upfront.

• Silver Account (Minimum Deposit of $200 to $500): This is the entry-level tier. It requires a minimum deposit of $200 (up to $500 depending on the region or operating entity). Leverage is capped at 1:100 under the regional Belarus rules (up to 1:500 for offshore accounts). While forex pairs carry no commission, the spreads are extremely wide, starting at 1.8 pips. For stock CFDs, a hefty 0.5% commission per lot applies. In practice, this account is designed for beginners, but the wider spreads make it highly expensive for day traders or active scalpers.
• Gold Account (Minimum Deposit of $10,000): Stepping up to the Gold level requires a massive jump in capital. Spreads are slightly narrower, starting from 1.3 pips, and the stock CFD commission drops to 0.4% per lot. Leverage remains up to 1:100. This account is geared towards experienced traders, but the $10,000 threshold represents an incredibly high entry barrier compared to most modern brokers who offer similar spreads for as little as $100.
• Platinum Account (Minimum Deposit of $50,000): Aimed at professional-level balances, this tier offers floating spreads starting from 0.7 pips with a stock CFD commission of 0.35% per lot. Leverage is still limited to 1:100. While a 0.7-pip spread is standard across the broader brokerage industry for standard ECN/RAW accounts, requiring $50,000 to access it represents poor value.
• VIP Account (Minimum Deposit of $150,000): The highest tier is reserved for high-net-worth clients. It reduces floating spreads to as low as 0.2 pips, and lowers the stock CFD commission further. However, the astronomical $150,000 minimum deposit makes this account virtually inaccessible to standard retail traders.

In practice, the commission-and-spread trade-off is highly unfavorable for retail traders with average bankrolls. To get spreads that are even remotely competitive with major brokers, a trader must deposit at least $10,000, which is an extremely steep requirement.

Does FXPN Offer an Islamic Account?

FXPN does offer swap-free Islamic account options across all of its account tiers to accommodate Muslim traders. Under these accounts, traders are not charged or credited overnight interest or swap fees, which ensures full compliance with Sharia law. To convert a standard account to an Islamic one, clients must submit an official request through the customer support team or their designated account manager, after which swap-free conditions are applied to standard currency pairs.

FXPN Fees and Trading Costs

FXPN charges mid-to-high trading costs due to wide forex spreads starting at 1.8 pips on its entry-level account, even though currency transactions are commission-free.

FXPN Trading Fees (Spreads / Commission Fees / Swap and Overnight Fees)

Executing trades with FXPN involves a combination of floating spreads, asset-specific commissions, and overnight financing fees. Because the broker does not offer raw spread or ECN accounts, all trading costs are integrated into the markup of the bid-ask spreads or charged as a flat percentage of the trade volume.

• Forex Spreads: Spreads are floating and scale downward according to the client's account tier. The Silver account features wide spreads starting at 1.8 pips, which is considerably higher than the industry standard of 1.0 to 1.2 pips for entry-level commission-free retail accounts. While Platinum and VIP accounts offer lower spreads starting at 0.7 and 0.2 pips respectively, accessing these tighter ranges requires a prohibitive upfront deposit of at least $50,000.
• Forex Commissions: Zero commissions are charged on currency pairs across all account tiers, meaning the spread is the sole cost factor when trading forex.
• CFD Stock Commissions: Unlike forex, trading CFDs on equities carries a volume-based commission. This fee starts at 0.5% per lot for Silver accounts, drops to 0.4% for Gold, 0.35% for Platinum, and reaches 0.3% per lot for VIP account holders.
• Swap and Overnight Fees: Positions held open past 22:00 GMT are subject to standard swap fees, which are calculated based on interest rate differentials between the traded currencies. While these overnight fees can accumulate rapidly for long-term swing traders, higher-tier clients are eligible for swap discounts: Gold accounts receive a 10% discount, Platinum accounts receive a 25% discount, and VIP accounts receive a 50% discount.

FXPN Non-Trading Fees (Inactivity Fees / Currency Conversion Fees)

Non-trading fees are charges that do not arise from executing trades but instead stem from maintaining the account, transferring funds, or leaving an account dormant.

• Inactivity Charges: Accounts that show no trading activity and have no open positions for a continuous period are classified as dormant. Depending on the operating entity and terms, dormant accounts are subject to a heavy monthly inactivity fee ranging from $10 to $50, although no further fees are deducted once the account balance reaches zero.
• Currency Conversion Fees: Because FXPN only supports major base currencies like USD and EUR, clients who deposit in other currencies or trade international stock CFDs will incur a currency conversion markup.

FXPN Deposits & Withdrawals

FXPN provides a standard range of funding methods including credit cards and wire transfers, but its withdrawal system is heavily criticized by users for processing delays and strict verification bottlenecks.

Deposit and Withdrawal Methods

To fund an account, traders can choose from several standard payment systems:

• Tradable deposit methods: Visa, Mastercard, Maestro, Switch, Skrill, Neteller, Apple Pay, Bank Wire, and Cryptocurrency.

Withdrawal Speed and Minimum Limits

The processing time and minimum constraints for transactions depend directly on the chosen payment method:

• Instant funding: Card deposits and e-wallets are credited immediately to the trading account, while bank wire deposits are processed within 1 to 24 hours of settlement.
• Withdrawal processing times: Card and e-wallet withdrawals typically take up to 3 business days, whereas standard international bank wires can require 3 to 5 business days to clear.
• Minimum limits: The minimum deposit requirement is $200 for the entry-level Silver tier, and minimum withdrawal limits are established at $10 for bank cards and $100 for traditional bank wires.

Deposit and Withdrawal Fees

FXPN does not charge internal deposit or withdrawal fees for credit cards and standard electronic wallets like Skrill or Neteller. However, clients should remain aware of external charges:

• Third-party charges: Intermediary banks, local financial institutions, or blockchain networks may levy transaction fees that are entirely outside the broker's control.

Withdrawal Issues and User Complaints

Despite claims of fee-free transactions and fast processing, a substantial volume of online user feedback highlights severe "fxpn withdrawal" bottlenecks.

According to numerous user complaints on independent platforms, clients regularly experience prolonged delays when trying to withdraw their capital. The broker's compliance team frequently requests supplementary KYC verification documents at the final stage of processing, which serves to delay payments indefinitely. Furthermore, multiple traders have reported that their accounts were abruptly locked, frozen, or closed shortly after they submitted a withdrawal request, leaving them unable to access their funds or contact support.

FXPN Trading Platforms, Conditions & Experience

FXPN provides access to popular trading platforms like MetaTrader 4, MetaTrader 5, and Sirix, but its trading conditions are held back by wide entry-level spreads and poor customer support.

Does FXPN Support MT4, MT5 & Mobile Trading?

FXPN supports MetaTrader 4, MetaTrader 5, and the proprietary Sirix platform across desktop, web, and mobile devices. By offering both the industry-standard MetaTrader suite and an innovative web-based alternative, the broker attempts to capture both traditional algorithmic traders and modern, social-oriented retail investors.

• MetaTrader 4 (MT4): This platform is highly regarded for its robust charting tools, extensive library of technical indicators, and seamless support for automated trading using Expert Advisors (EAs).
• MetaTrader 5 (MT5): Representing the more advanced successor, MT5 provides faster processing speeds, additional timeframes, a built-in economic calendar, and deeper order-book depth of market (DOM).
• Sirix Platform: Developed by Leverate, Sirix is a proprietary web and mobile platform that emphasizes user-friendly interfaces, built-in social trading features, and integrated market analysis tools.
• FXPN App Support: Mobile trading is facilitated through dedicated Android and iOS versions of the Sirix, MT4, and MT5 platforms, allowing traders to monitor and manage their positions on the go.

What Can You Trade on FXPN?

FXPN offers a diverse multi-asset selection of CFDs spanning forex, commodities, indices, shares, cryptocurrencies, ETFs, and futures. While the broker markets itself as a robust multi-asset destination, the real depth of liquid assets varies depending on which platform and operating entity the trader uses.

• Forex: The broker provides access to major, minor, and exotic currency pairs, covering all key global markets.
• Commodities: Tradable options include hard assets like Gold and Silver, alongside energy products such as Brent Crude Oil, WTI Crude, and Natural Gas.
• Indices: Traders can speculate on leading global equity indices, including the US30 (Dow Jones), NASDAQ, and DAX.
• CFD Shares: Equity offerings encompass top-performing publicly listed companies across the US, UK, and European markets.
• Cryptocurrencies: Popular digital currencies like Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are available for CFD speculation on a 24/7 basis.
• Other Assets: The broker's website lists ETFs, futures, and options, though these derivative classes are not universally supported across all retail account types or regional subsidiaries.

FXPN Leverage, Margin & Order Execution

FXPN utilizes a market execution model with maximum leverage ranging from 1:100 to 1:500 depending on the regulating entity. This tiered leverage structure is strictly aligned with regional compliance frameworks, meaning global retail clients get higher leverage limits than localized traders.

• Leverage Limits: Traders under the Belarus (NBRB) entity are subject to a maximum leverage limit of 1:100, while clients registered under the offshore Mauritius (FSC) entity can access higher leverage up to 1:500.
• Margin and Position Sizing: The minimum contract size for executing standard trades starts at 0.01 lots, which represents the standard entry-level micro-lot size for retail brokers.
• Execution Model: Order execution is classified as standard market execution, utilizing Leverate's institutional liquidity bridge. This setup aims to fill orders at the next available market price, though users should be prepared for potential slippage during highly volatile macroeconomic releases.

FXPN Research Tools & Educational Resources

FXPN provides limited educational resources including an economic calendar, glossary, and private training sessions that are gated behind expensive account tiers. While the broker features basic market-analysis tools on its main interface, its educational academy lacks depth compared to major industry competitors.

• Basic Analysis Tools: The broker's web portal features an economic calendar, a dictionary of trading terms, and some technical analysis updates.
• Private Training Sessions: Depending on the account tier funded, clients can unlock private training sessions, with 1 session allocated to Silver accounts, 4 sessions to Gold, and 8 sessions to Platinum accounts.
• Inactive Blog Section: Despite having a designated corporate blog, the section frequently displays "No posts found," indicating a severe lack of ongoing content generation and market insights.

How Good Is FXPN Customer Support?

FXPN offers 24/5 customer support through email and phone, but clients report extremely poor responsiveness when resolving withdrawal issues. While the broker advertises live human assistance, support quality varies dramatically based on whether a client is depositing or withdrawing.

• Contact Channels: Support can be reached via standard international telephone numbers, or by emailing the official help desk.
• Asymmetrical Responsiveness: Users report that sales and account onboarding representatives respond almost instantly during the deposit phase, showing high enthusiasm to help new clients fund their accounts.
• Support Breakdown during Disputes: Once a technical problem or a withdrawal request is registered, customer feedback indicates that support staff frequently become unresponsive, offering vague generic templates or ignoring emails entirely.

Who Is FXPN Best For?

FXPN is best suited for social copy traders utilizing the Sirix platform and high-risk traders seeking leverage up to 1:500, but it is highly unsuited for day traders who require tight spreads.

Is FXPN Good for Social and Copy Traders?

FXPN is well-suited for social and copy traders who prefer a streamlined, web-based environment with built-in community insights. The integration of Leverate’s proprietary Sirix platform is a major asset here, as it was built from the ground up to support social trading. Users can directly view, analyze, and copy the portfolios of seasoned traders on the network without needing third-party plugins or complex API integrations. However, because the broker's overall active client pool has shrunk significantly in recent years, the selection of high-performing, reliable traders to copy is much more limited than on larger social trading networks.

Is FXPN Good for High-Leverage Traders?

FXPN is a viable option for high-leverage traders who are comfortable operating under an offshore regulatory framework to access leverage up to 1:500. For retail clients restricted by the strict 1:30 leverage caps imposed by tier-1 regulators in Europe or Australia, the offshore Mauritian entity provides a route to maximize market exposure with minimal capital. While this allows for aggressive position sizing and strategic flexibility, the lack of standard retail protections—such as guaranteed negative balance protection or investor compensation schemes—means that trading at these high limits is an incredibly high-risk endeavor.

Is FXPN Good for Day Traders and Scalpers?

FXPN is not recommended for day traders and scalpers due to the broker's wide retail spreads and high entry barriers for competitive pricing. Short-term strategies like scalping and high-frequency day trading rely on razor-thin transaction costs to remain profitable over a high volume of trades. Because FXPN’s entry-level account carries a heavy markup starting at 1.8 pips, scalpers are placed at an immediate structural disadvantage. To bypass these wide spreads, traders must commit a minimum deposit of at least $10,000, which represents an unjustifiably high capital risk compared to other reputable brokers who offer raw spreads for a fraction of that cost.

Best for: Social copy traders and high-leverage offshore traders · Less ideal for: Cost-conscious day traders, scalpers, and risk-averse retail clients.

Compare FXPN with Other Popular Brokers

FXPN suffers from weaker regulation and much wider entry-level spreads than top-tier industry competitors like IC Markets, Pepperstone, and XM.

FXPN vs IC Markets

FXPN's trading costs are significantly higher than IC Markets, which provides institutional-grade raw spreads starting at 0.0 pips for a fraction of the deposit requirement. Although the baseline Silver account at FXPN demands a hefty $200 deposit and leaves traders with wide 1.8-pip markup spreads, its competitor offers standard accounts with spreads from 0.6 pips and a low minimum deposit of just $200. Furthermore, the latter operates under strict tier-1 regulators like ASIC and CySEC, whereas FXPN operates purely under offshore and regional oversight. This discrepancy means retail clients enjoy far greater capital security and negative balance protections with the alternative. Additionally, high-volume traders will benefit from much lower commission structures and faster order execution.

FXPN is the better choice for: Social copy traders wanting Sirix · IC Markets is the better choice for: Cost-sensitive day traders and scalpers.

FXPN vs Pepperstone

FXPN lags far behind Pepperstone in platform diversity, customer service quality, and regulatory safety. Traders seeking platform flexibility will find the alternative's native support for cTrader, TradingView, MT4, and MT5 vastly superior to FXPN's more limited platform options. On top of that, its competitor requires no minimum deposit to open a live account, in stark contrast to the $200 entry barrier here. The competitor is also backed by multiple tier-1 authorities, including the UK's FCA and Germany's BaFin, providing a layer of security that FXPN's offshore entities simply cannot match. Lastly, customer support with the alternative is highly rated and operates around the clock; by contrast, FXPN's support is plagued by negative ratings regarding withdrawal issues.

FXPN is the better choice for: Traders who prioritize native Sirix social features · Pepperstone is the better choice for: Professional execution, diverse platforms, and regulation.

FXPN vs XM

XM provides a much more accessible entry point for retail beginners by offering a low $5 minimum deposit and comprehensive educational resources that outperform FXPN. Though FXPN requires a $200 starting deposit and charges wide spreads on its entry tier, its competitor offers micro accounts with spreads starting from 1.0 pip and zero commissions. In terms of client trust, the competitor boasts a positive reputation on Trustpilot; on the other hand, FXPN struggles with a very poor 1.5/5 rating due to withdrawal delays. The alternative also holds licenses from top-tier bodies like ASIC and CySEC, offering stronger retail protections than FXPN's offshore and regional structure. Additionally, the competitor's educational suite is widely considered an industry benchmark for beginner traders.

FXPN is the better choice for: Traders who want offshore leverage up to 1:500 · XM is the better choice for: Retail beginners with small starting balances.

FXPN Broker Quick Verdict

FXPN is a functional choice for social copy traders utilizing the Sirix platform, though our FXPN review concludes that its high trading costs, steep minimum deposits, and offshore regulatory status pose a significant risk to retail capital. Ultimately, most retail traders are far better off choosing a more competitive, top-tier regulated alternative with proven withdrawal reliability.

Editorial Transparency: This FXPN review is based on information from the official FXPN website, current regulatory filings, and independent third-party sources such as Trustpilot. We cross-checked the broker's regulation and license details, account types, trading and non-trading fees, deposit and withdrawal terms, platforms, and real user feedback to ensure accuracy and objectivity. This content is for educational purposes only and does not constitute financial advice; trading CFDs carries a high risk of losing money. Last updated: June 2026.