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FNS FX Review - Is it scam or safe?

FNS FX Review - is fnsfx.com scam or good forex broker?

RATING: 1 / 0 REVIEWS FNS FX
FNS FX is an offshore broker. Your money is not safe.

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Trading Accounts & Conditions

 

Account type Minimum deposit Minimum trade size Maximum leverage Spreads
Micro $5 0.01 1:888 From 1.0 pip
Standard $5 1 1:888 From 1.0 pip
Executive $100 000 1 1:100 From 1.0 pip

 

FNS FX offers several forex trading account types, based on the minimum initial deposit. They all provide the same variable spreads with no commission fees. Micro tradeable lots are only available on micro accounts.

 

In addition, this broker also offers swap-free (Islamic) services, as well as managed accounts.

 

In fact, the variable spreads offered by this broker are not bad, probably typical ones fall within the range of 1.0 – 1.5 pips on EUR/USD. However, we are not sure as we could not test FNS FX’s services in demo mode, which is not a good sign. Especially for e brokerage registered offshore. Another thing that doesn’t leave a good impression is that the website has many errors.

 

The Company. Security of Funds

 

Company

Country

Regulation

Famous Miracle Limited

British Virgin Islands

FSC

 

FNS FX is offers trading in more than 50 Currency pairs, energy, equity indices and precious metals on the MetaTrader 4 (MT4) platform. It seems that this broker targets mainly Chinese investors, as many sections of the website are available only in Chinese. Behind the brand is a company with the strange name Famous Miracle Limited, which is registered in the British Virgin Islands (BVI).

 

Although offering regulated status, the BVI Commission simply registers brokers and allows companies to be entirely based overseas. It does not exercise effective supervision and client protection. This is usually the case with offshore jurisdictions and that is why we do not recommend investing with offshore brokerages. You’d better choose among brokers regulated by the FCA, CySEC or another trustworthy regulatory body.

 

Trading Platforms

 

Like most brokers, FNS FX supports the MetaTrader 4 (MT4), available as desktop, and mobile versions. It is also preferred choice by most traders, as the platform is easy to use and equipped with all professional features needed: technical analysis indicators, advanced charting tools, extensive back-testing options, and wide range of Expert Advisors (EAs).

 

Methods of Payment

 

FNS FX offers its clients the following payment modes: credit/debit card (Visa, MasterCard, Maestro), bank wire transfer, and e-wallets Neteller, Skrill, China UnionPay, giropay, AstroPay and WebMoney.

 

Conclusion

 

FNS FX is an offshore forex broker that provides online trading services on the popular MT4. Here are, in a nutshell, the pros and cons of FNS FX:

 

Pros Cons
MT4 available Offshore broker
Low initial deposit required Errors on website
  No demo?

 

Latest news about FNS FX
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Traders` reviews for FNS FX

Spread

Pros

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Slippage

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Cons

 

 

Requotes

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Price feed

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Cons

 

 

Platform

Pros

Cons

 

 

Deposit/Withdraw

Pros

Cons

 

 

Customer service

Pros

Cons

 

 

Summary

Pros

Cons

 

 

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