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FCNW
United Kingdom|2-5 years| https://www.fcnwtmarket.com/en/index.htm
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No valid regulatory information, please be aware of the risk!
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FCNW MARKET LTD
FCNW
United Kingdom
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- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
WikiFX Verification
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1：500 |
| Minimum Deposit | $20 |
| Minimum Spread | From 1.3 |
| Products | Forex, indices, spot metals, commodities, share, crypto |
| Currency | -- |
|---|---|
| Minimum Position | 0.01 |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | $0 |
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1：500 |
| Minimum Deposit | $50 |
| Minimum Spread | From 0.0 |
| Products | Forex, indices, spot metals, commodities, share, crypto |
| Currency | -- |
|---|---|
| Minimum Position | 0.01 |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | $0~$3.5/lot per side |
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1：500 |
| Minimum Deposit | $1000 |
| Minimum Spread | From 0.0 |
| Products | Forex, indices, spot metals, commodities, share, crypto |
| Currency | -- |
|---|---|
| Minimum Position | 0.01 |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | $3.5/lot per side |
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1：500 |
| Minimum Deposit | $50 |
| Minimum Spread | From 1.3 |
| Products | Forex, indices, spot metals, commodities, share, crypto |
| Currency | -- |
|---|---|
| Minimum Position | 0.01 |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | $0 |
- Fundamental Item(A)
- Total Supplementary Items(B)
- Debt Amount(C)
- Non-Fixed Capital(A)+(B)-(C)=(D)
- Relative amount of risk(E)
- Market Risk
- Transaction Risk
- Underlying Risk
Capital
$(USD)
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FCNW · Company Summary
| FCNW Review Summary | |
| Founded | 2-5 years |
| Registered Country/Region | United Kingdom |
| Regulation | Unregulated |
| Market Instruments | Forex, Indices, Commodities, Shares, Crypto |
| Demo Account | ❌ |
| Leverage | Up to 1:500 |
| Spread | Starting from 1.3 pips (Standard Account) |
| Trading Platform | MT4, MT5, WebTrader (claim but unverified) |
| Min Deposit | $20 |
| Customer Support | / |
FCNW Information
Pros and Cons
| Pros | Cons |
| Low minimum deposit ($20) | Unregulated |
| Wide range of tradable instruments | No Islamic account |
| Claims to offer MetaTrader 4 and 5 platforms | Negative comments on withdrawal issues, bonus programs and high withdrawal fees |
| High leverage (up to 1:500) |
Is FCNW Legit?
Since FCNW Market runs free from any financial regulatory control, it is not a legitimate broker. The broker does not carry licenses from respectable authorities such as ASIC (Australia) or the FCA (UK). Its unregulated problems can not guarantee the safety of investors.
What Can I Trade on FCNW?
Forex, commodities, cryptocurrencies, and CFDs on indices and shares are among the financial instruments FCNW presents for trading.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Crypto | ✔ |
| CFD | ✔ |
| Indexes | ✔ |
| Stock | ✔ |
| ETF | ❌ |
Leverage
For FX trading, FCNW provides leverage of up to 1:500. High leverage raises risk even when it lets traders control bigger holdings with less capital. Higher leverage is dangerous, particularly for novice traders since it can magnify losses as well as gains. Leverage in cryptocurrency runs up to 1:50.
FCNW Fees
Spreads begin for the Standard Account at 1.3 pips. No reference to particular fees or commission systems is made.
Non-Trading Fees
| Non-trading Fees | |
| Deposit Fee | Not mentioned |
| Withdrawal Fee | High withdrawal fees, up to 20% |
| Inactivity Fee | Not mentioned |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Desktop, Web | Beginner to advanced traders |
| MT5 | ✔ | Desktop, Web | Advanced traders |
| WebTrader | ✔ | Web | Convenient trading on the go |
Deposit and Withdrawal
Numerous studies of withdrawal problems abound; people struggle with processing and pay heavy withdrawal costs.
Deposit Options
| Deposit Options | Min. Deposit | Fees | Processing Time |
| VISA, Mastercard, Skrill | $20 | Not mentioned | Instant |
| Neteller, USD Tether | $20 | Not mentioned | Instant |
| Bank wire, Bitcoin | $20 | Not mentioned | Instant |
Withdrawal Options
| Withdrawal Options | Min. Withdrawal | Fees | Processing Time |
| VISA, Mastercard | Not mentioned | High fees | Not specified |
| Neteller, Skrill, Bitcoin | Not mentioned | High fees | Not specified |
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