What is Fannexx?
Fannexx is a forex and CFD broker based in Saint Vincent and the Grenadines, listed with a foundation year of 2021. It offers leverage up to 1:100, spreads from 0.1 pips and a minimum deposit of $1,000. Clients trade on Android, iOS and Computer and on mobile.
Fannexx is an online trading broker based on MetaTrader4. This broker has application support for android and iOS\iPadOS. This also has webtrading service. Despite having dedicated applications for android and iOS, this broker is providing webtrading service. This means this can be operated from both phones and computers and that even with or without any applications. This can be operated from just a browser.
This broker has four types of accounts to serve their clients. Demo, Silver, Gold, Diamond are the four accounts that are titled. Four types of accounts have different levels of minimum deposit, leverage, spread, and other facilities.
The demo account comes for free. The Silver account is the entry-level paid account. This account requires a minimum amount of $1000. This has a low level of maximum leverage allowed. The spread is also not low. But this account comes with a personal trading assistant and 24/5 technical support which doesn’t come with a Demo account.
The Gold account comes with more facilities and a bigger amount minimum deposit is required. This account needs funding of $10000 and it comes with higher leverage and other facilities a client can get from silver and demo accounts. The Diamond account comes with bigger facilities and a higher number of required minimum deposits. This account required a minimum deposit of $30000. This one comes with all the facilities a client gets from all other accounts but this one comes with a low spread.
This broker lets a trader trade Stocks, Indices, Commodities, and Bonds. This broker is committed to the fund safety of their clients.
Is Fannexx safe and regulated?
Fannexx is regulated by Regulatory License of this broker is Suspicious. This is an offshore regulator. It sets capital and reporting rules, but its investor protection is lighter than tier-1 regulators such as the FCA (UK), CySEC (Cyprus) or ASIC (Australia), and there is usually no investor compensation scheme.
Safety checklist before you deposit
- Find the licence number on the broker's website and check it on the regulator's official register.
- Check that client funds are held in segregated bank accounts.
- Make a small first deposit and test a withdrawal before you add more.
- Confirm negative balance protection applies to your account type.
Fannexx account types
The broker offers several account options so beginners and experienced traders can choose the right fit. Accounts open from a $1,000 minimum deposit.
| Account | Best for | Available |
|---|---|---|
| Mini account | Beginners trading small lot sizes | Yes |
| VIP account | High-volume traders wanting raw spreads | Yes |
| Islamic (swap-free) | Traders who need no overnight interest | No |
| Managed account | Investors who prefer a money manager | Yes |
Trading platform and conditions
Fannexx provides Android, iOS and Computer, so you can trade from any browser without installing software. Mobile trading is supported as well.
- Scalping and hedging are permitted, which suits short-term and EA-style strategies.
- News trading is allowed during high-impact economic releases.
- Spreads from 0.1 pips are available on raw pricing, with a commission per lot.
- Leverage up to 1:100 gives large position sizes from a small deposit, which also raises the risk of fast losses.
Deposits and withdrawals
Fannexx supports 1 funding method, including Bank Transfer. Accounts can be held in 3 base currencies (USD, EUR, GBP), which helps you avoid conversion fees.
Fannexx bonus: <p>This broker is not providing </p>
How the promotion works
The current Fannexx promotion is <p>This broker is not providing </p>. Entry rules, dates and eligible countries are set by the broker. Read the full terms on the Fannexx website before you trade for it.
Check the promotionLooking for free trading credit instead? Compare the latest forex no deposit bonus offers and forex deposit bonuses.
Fannexx pros and cons
Pros
- Raw spreads from 0.1 pips
- Scalping and hedging allowed
- News trading allowed
- VIP, Mini and managed accounts
Cons
- Only offshore regulation
- No investor compensation scheme
- $1,000 minimum deposit is higher than some rivals
- Android, iOS and Computer only in our listing, no MT4/MT5 confirmed
- No Islamic account listed
How to open a Fannexx account
- RegisterVisit the Fannexx website and sign up with your name, email and phone number.
- Verify your identityUpload a passport or national ID and a recent proof of address (KYC).
- Choose an accountPick VIP, Mini, managed or a standard account, and your base currency.
- Fund the accountDeposit at least $1,000 with Bank Transfer.
- Start tradingLog in to Android, iOS and Computer or the mobile app and set your risk per trade.
Is Fannexx a good broker? Our verdict
Fannexx suits active traders who want raw spreads, freedom to scalp or trade the news. The main trade-off is regulation: an offshore licence gives less protection than a tier-1 regulator. Start small, test a withdrawal, and only trade money you can afford to lose.