FXPN

FXPN is a retail forex and CFD broker founded on 10 June 2020 and headquartered in Minsk, Belarus. The company is registered at 223050 Minsk region, Kolodischi, Minskaya st. 69a-2, Office 34. It operates under the regulatory oversight of the National Bank of the Republic of Belarus (NBRB), holding a Forex Trading License (EP) which is listed as regulated with a status of ‘Regulated’.

As a Belarusian-regulated broker, FXPN positions itself as a secure and transparent trading provider for local and regional clients. The broker’s website is available in multiple languages, including English and Uzbek, indicating a focus on both domestic and select international markets.

The National Bank of the Republic of Belarus is the central bank and primary financial regulator in Belarus. While NBRB regulation provides a legal framework, it is less commonly encountered by international traders compared to regulators like the FCA or CySEC. Traders should note that Belarusian regulation may not offer the same level of investor protection (e.g., negative balance protection or compensation schemes) as found in some other jurisdictions.

FXPN prominently advertises its central bank regulation on its homepage, stating that clients trade with a ‘National Bank of the Republic of Belarus Regulated Broker’. This is a key differentiator in a region where many brokers operate without regulation.

FXPN offers three live account tiers: Silver, Gold, and Platinum. The Silver account has a minimum deposit of $200, making it accessible to retail traders with smaller capital. The Gold account requires a minimum deposit of $10,000, targeting more experienced investors, while the Platinum account demands $50,000, aimed at high-net-worth traders.

All accounts offer a maximum leverage of 1:100, which is relatively conservative compared to some offshore brokers offering 1:500 or higher. Leverage is the same across tiers, meaning the primary differentiators are minimum deposit and possibly additional services (such as private training, as hinted by the company description).

According to the official website, FXPN provides trading on foreign currencies, precious metals, securities, oil, futures contracts, and stock index values. This range covers major forex pairs, commodities, and indices, allowing for some portfolio diversification. The broker also mentions cryptocurrencies in its company description, though these are not explicitly listed on the account types page reviewed.

Trading is executed as CFDs (Contracts for Difference), meaning clients do not own the underlying assets. Spreads are floating and start from 1.8 pips on the Silver account; spreads for higher tiers are not specified but may be tighter.

FXPN appears to cater primarily to traders in Belarus and surrounding regions, given its local registration and NBRB regulation. The tiered account structure accommodates both beginners (Silver) and high-volume traders (Platinum). The inclusion of an education portal suggests a focus on trader development.

However, the lack of widely recognized international platforms (like MetaTrader 4/5 or cTrader) on the website is notable. Traders accustomed to these platforms may need to verify compatibility before opening an account.

As of this review, FXPN has limited independent user reviews or third-party analysis. The broker maintains an active presence on Instagram, but other social media channels are not documented. The official website provides basic information on account types and regulation, but detailed documents such as terms and conditions, risk warnings, and deposit/withdrawal policies are not prominently featured in the pages we reviewed.

In FXCanary's assessment, the information publicly available is sufficient for a baseline understanding, but traders should scrutinize the broker’s client agreement and seek independent verification of its claims before depositing funds.