FXPN

FXPN is the trading name of Leverate Capital Markets LLC, a forex and CFD broker registered in the Republic of Belarus. The company was founded in June 2020 and operates from its registered address at 223050 Minsk region, Kolodischi, Minskaya st. 69a-2, Office 34. As a relatively young entrant to the financial services industry, FXPN has positioned itself as a regulated provider under the National Bank of the Republic of Belarus (NBRB).

The broker’s official documentation records zero employees, which may indicate a small operational structure or outsourcing of key functions. Traders considering FXPN should note this corporate profile when assessing the firm’s capacity to handle client service and operational demands.

FXPN holds a single regulatory license issued by the NBRB, bearing number 193295922, classified as a Forex Trading License (EP). The NBRB oversees forex trading activities within Belarus, and the license status is listed as “Regulated” in available databases. However, Belarus is not a top-tier regulatory jurisdiction in the global forex market, and client fund protections may differ from those offered by authorities like the FCA or ASIC.

Prospective clients should understand the implications of a single, Belarus-based license. There is no indication of additional regulation from major financial centers, which limits the broker’s accountability and recourse mechanisms in the event of disputes.

The broker offers three account tiers tailored to different trader profiles: - Silver: Minimum deposit $200, maximum leverage 1:100, spreads from 1.8 pips, no commission on forex CFDs, and 0.5% per lot on US stock CFDs. - Gold: Minimum deposit $10,000, maximum leverage 1:100, spreads from 1.3 pips, no commission on forex CFDs, and 0.4% per lot on US stock CFDs. - Platinum: Minimum deposit $50,000, maximum leverage 1:100, spreads from 0.7 pips, no commission on forex CFDs, and 0.35% per lot on US stock CFDs.

These tiers scale in cost and features, with lower spreads and commissions at higher deposit levels. The Silver account’s $200 entry point makes the broker accessible to retail traders, while the Platinum account targets high-net-worth individuals.

FXPN’s product line includes foreign currencies, precious metals, securities, oil, futures contracts, and stock index values. The broker’s own description also mentions cryptocurrencies, though they do not appear in the formal list of tradable instruments in the structured data. This discrepancy may require clarification from the broker.

Information about the trading platform(s) on offer is not explicitly disclosed in the available materials. User reviews suggest the platform is functional and user-friendly, but detailed specifications—such as MT4/MT5 compatibility or proprietary software—are not available for independent verification.

The broker does not publicly list specific deposit or withdrawal methods. This lack of transparency is a potential red flag, as traders typically value clarity on funding options, processing times, and associated costs. However, user reviews often praise the speed of withdrawals, suggesting that, in practice, the broker may process payouts efficiently.

Regarding trading costs, spreads begin at 0.7 pips on Platinum accounts, rising to 1.8 pips on Silver. No additional commission is charged on forex trades, but equity CFDs incur a volume-based fee. These costs are competitive, though traders should monitor execution quality and any hidden fees.

FXPN appears to cater to a broad spectrum of traders, from beginners with its low-cost Silver account to experienced investors via the higher-tier Gold and Platinum options. The availability of private training courses may attract novice traders seeking education. However, the broker’s guarded risk rating suggests that only those comfortable with the regulatory and operational risks associated with a Belarus-based, single-license entity should consider FXPN.