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FXNX is a forex broker licensed and regulated by MISA in Mwali, with no physical presence there though. The broker has offices in Cyprus and Saint Lucia.
FXNX accepts clients from all over the world, excluding USA, Canada, Australia, China, Japan, Myanmar, North Korea.
Forex broker offers the following underlying assets for trading.
| 15+ Currency Pairs | Based on major and minor world currencies. |
| 4 Crypto Pairs | Based on Bitcoin, Ethereum, Litecoin, Ripple. |
| 7 Indice CFDs | Based on baskets of different blue-chip stocks. |
| 4 Metal CFDs | Based on Gold, Silver, Platinum, Palladium. |
| 3 Energy CFDs | Based on Crude Oil (WTI, Brent) and Natural Gas. |
FXNX is a forex broker that is incorporated in Saint Lucia, physically headquartered in Cyprus, and (interestingly) licensed and regulated offshore by the Mwali International Services Authority (MISA) in Mwali Island. The regulatory status in Mwali can be verified by anyone by looking up the broker's name on the regulator's website at mwaliregistrar.com.
Worth noting, however, is that MISA is a Comoros-based offshore regulator that, like other Mwali-issued licences, sits well below top-tier authorities such as the FCA, ASIC or CySEC in terms of oversight and investor protection, and it offers no comparable investor compensation scheme. FXNX does state that every retail account carries negative balance protection and that client funds sit under a single licensed entity with USD as the base currency, but this lighter-touch regulatory tier should still be taken into account before depositing a significant amount of money.
On instruments, FXNX markets “150+” tradable symbols across forex, metals, indices, crypto and energy. Unfortunately, individual stocks are missing from the list of assets, which we imagine could be a dealbreaker for some traders. As with most brokers we have reviewed here on FX-List, all instruments are traded as leveraged contracts-for-difference (CFDs).
Trading runs on MetaTrader 5 alongside FXNX's own browser-based NX Terminal, which combines the TradingView charting library (100+ indicators) with direct MT5 order execution and easy switching between account types. Both are also available through the FXNX mobile app for iOS and Android.
One area where FXNX stands out is in terms of how the account types can be tailored to each individual. At the time of this writing, new clients have the opportunity to choose from as many as five account types:
– NX One: spreads from 0.5 pips, $6 commission per lot per round-turn, and $50 minimum deposit.
– NX Pro: spreads from 0.0 pips, $5 commission per lot per round-turn, and $2,500 minimum deposit.
– NX Bonus: holds promotional bonus credit on a separate, non-withdrawable ledger, $100 minimum deposit.
– NX Auto: built for AI-agent and automated trading, spreads from 0.8 pips, $9 commission per lot per round-turn, leverage up to 1:500, $200 minimum deposit.
– NX Flex: a unique and fully customisable account where clients set their own commission ($9 down to $0 per lot) and spread markup (2.5 down to 0.0 pips), with an optional swap-free setting, from $10 to $10,000 minimum deposit across 72 possible combinations.
All of the account types offer leverage of up to 1:500, which is in line with the industry standard among offshore forex brokers.
Funding can be done through crypto stablecoins with USDT (TRC-20, ERC-20, BEP-20) and USDC (ERC-20), crediting within minutes, plus local bank transfers and e-wallets across eight countries: the Philippines, Vietnam, Brazil, India, Indonesia, Mexico, Colombia and Peru. Notably, traditional payment cards like Visa and MasterCard are not accepted by FXNX.
Support is available 24/5 through live chat, email, a Telegram bot, and phone (for institutional and high-volume accounts only), in English, Spanish, French, Persian and Arabic. The broker states that email replies “typically land within an hour during market hours” from its Cyprus operational headquarters.
In conclusion, we believe FXNX could be an interesting broker to consider for traders who want to tailor the spreads and commissions they pay to their trading style. Optimizing these factors can be a very helpful step on the journey to become a profitable trader, and we are therefore happy to see that this is something FXNX has chosen to offer. Still, it should be reiterated that FXNX is not regulated in any “onshore” jurisdictions, and that this comes with certain risks, for example in the event the broker unexpectedly goes out of business.
