FXnity

FXnity

Offshore Regulated - Moderate Risk
5.8
Trust Score

Pros

  • 100% A-Book STP/ECN broker offering transparent pricing and direct market access
  • Competitive spreads starting from 0.0 pips on major forex pairs with $2.50 per lot commission
  • High leverage options up to 100x for forex trading and 50x for cryptocurrency pairs
  • Fast execution speeds averaging 12ms through Equinix LD4 infrastructure
  • Zero commission cryptocurrency and stock trading with leverage up to 5x on stocks
  • Comprehensive range of trading instruments including forex, crypto, stocks, indices and commodities
  • Positive user reviews reporting reliable withdrawals and responsive customer support

Cons

  • Offshore regulation in Saint Vincent and the Grenadines provides limited investor protection
  • Limited information available about company ownership and operational history
  • No major tier-1 regulatory licenses from authorities like FCA, ASIC or CySEC
  • Lack of transparency around company financials and segregation of client funds
  • No negative balance protection guarantees explicitly stated
  • Relatively new broker with limited track record in the industry

Basic Information

Company
FXnity
Region
Saint Vincent and the Grenadines
Established
2021
Email
support@fxnity.com
Phone
unknown
Website
www.fxnity.com

User Reviews

Thomas Wilson
★★★★☆
I've been trading with FXnity for 6 months, primarily focusing on EUR/USD and GBP/USD pairs. The execution speed is genuinely impressive at 12ms and I've experienced minimal slippage. Their raw spread accounts with $2.50 commission per lot are very competitive for my trading style. While I appreciate the efficient trading conditions, I do wish they had FCA regulation for added security. Withdrawals have been processed within 24-48 hours consistently, and their support team is responsive during UK trading hours.
Raj Patel
★★★☆☆
Trading with FXnity since early 2022 with mixed experiences. The high leverage options and low spreads are attractive, but I've had some concerns about their offshore regulation. Initial verification took longer than expected at 5 days. Trading conditions are good - I mainly trade crypto with 50x leverage and execution is reliable. Support is decent during peak hours but can be slow during Asian session. Would prefer stronger regulation but trading conditions are competitive.
Maria Santos
★★★★★
Been using FXnity for 8 months as my primary broker for forex and stock CFDs. The zero commission on stocks and tight forex spreads have significantly reduced my trading costs. MT4 platform runs smoothly and I've had no technical issues. Made several withdrawals ranging from €500 to €2000, all processed within 48 hours to my e-wallet. Their customer service has been excellent, especially the live chat support. While some might be concerned about the offshore regulation, I've had no issues with their service delivery.

Regulation Analysis

FXnity operates under offshore regulation in Saint Vincent and the Grenadines, which provides significantly less stringent oversight compared to major regulatory jurisdictions. While the broker promotes itself as a fully A-Book STP/ECN provider, the offshore regulatory framework does not mandate the same level of client fund protection, capital adequacy requirements, or operational standards required by tier-1 regulators like the FCA, ASIC, or CySEC. The lack of major regulatory licenses means clients do not benefit from standard protections such as segregated client funds in tier-1 banks, negative balance protection, or access to investor compensation schemes. The broker’s regulatory status in Saint Vincent and the Grenadines primarily serves as a registration jurisdiction rather than providing meaningful regulatory oversight. Traders should be aware that in the event of broker insolvency or disputes, they would have limited recourse through regulatory channels. While user reviews indicate reliable operations thus far, the regulatory framework represents a higher risk profile compared to brokers authorized in major jurisdictions.

Trading Products

  • Forex Trading: Wide range of currency pairs available with leverage up to 100x, raw spreads from 0.0 pips plus $2.50 per lot commission, major and minor pairs supported through institutional-grade liquidity providers
  • Cryptocurrency Trading: Multiple crypto pairs offered with up to 50x leverage and zero commissions, 24/7 trading availability
  • Stocks: Commission-free stock CFD trading with up to 5x leverage, access to major global exchanges
  • Indices and Commodities: Various global indices and commodity CFDs available for trading with competitive spreads
  • Trading Conditions: Fast execution through Equinix LD4, institutional-grade liquidity, flexible leverage options varying by instrument type

Trading Platforms

  • MetaTrader 4: Industry-standard trading platform offering comprehensive charting tools, technical indicators, automated trading capabilities through Expert Advisors, and mobile trading apps for iOS and Android
  • WebTrader: Browser-based trading platform requiring no download, providing access to full trading functionality and real-time market data
  • Mobile Trading: Native mobile applications supporting full trading capabilities, price alerts, and account management features
  • Trading Tools: Advanced charting packages, market analysis tools, and trading signals available to clients
  • Platform Features: Fast execution speeds averaging 12ms, reliable price feeds through institutional liquidity providers, support for various order types and risk management tools

Deposit and Withdrawal

  • Payment Methods: Multiple deposit options including credit/debit cards, bank wire transfers, and various e-wallets supported
  • Processing Times: Most electronic payment methods processed instantly, bank transfers typically take 2-5 business days
  • Minimum Deposits: Account minimums vary by account type and payment method
  • Withdrawals: Same-method withdrawal policy, processing times vary by payment method with e-wallets typically fastest
  • Security: Standard SSL encryption for all financial transactions, verification required for withdrawals
  • Currencies: Multiple base currencies supported including USD, EUR, and GBP

Customer Support

FXnity provides customer support through multiple channels including email, live chat, and an online help center. Support services are available 24/5 during market hours, with response times generally reported as satisfactory by users. The support team handles technical queries, account issues, and general trading questions. While the broker offers multilingual support, English is the primary language of communication. Educational resources include trading guides, market analysis, and various tutorial materials. Response times and support quality appear adequate based on user reviews, though weekend support may be limited. The broker maintains an online knowledge base for self-service support options.

FAQ

Q: Is FXnity a regulated broker?
A: FXnity operates under offshore regulation in Saint Vincent and the Grenadines. While this provides basic operational registration, it offers less stringent oversight compared to major regulatory jurisdictions like the UK, EU, or Australia. Traders should be aware that this means limited investor protection measures compared to brokers regulated by tier-1 authorities.

Q: What are the trading conditions offered by FXnity?
A: FXnity offers competitive trading conditions including raw spreads from 0.0 pips with $2.50 per lot commission on forex pairs. Leverage up to 100x is available for forex trading, 50x for cryptocurrencies, and 5x for stocks. The broker provides commission-free trading on stocks and cryptocurrencies, with execution through Equinix LD4 infrastructure averaging 12ms.

Q: How reliable are withdrawals with FXnity?
A: Based on user reviews, withdrawals with FXnity are generally processed reliably and within stated timeframes. The broker supports multiple withdrawal methods including e-wallets and bank transfers. However, verification requirements must be met before withdrawals are processed, and processing times vary by payment method.

Q: What trading platforms does FXnity offer?
A: FXnity provides access to MetaTrader 4 as their primary trading platform, available on desktop, web, and mobile devices. The platform includes comprehensive charting tools, technical indicators, and automated trading capabilities through Expert Advisors. A WebTrader option is also available for browser-based trading without downloads.