Forex FNory Broker Review

Performance Matrix

Main Score & Risk Matrix

N/A

Score

1.4

Very Poor

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

License 1.6

Business 0.9

Risk Control 1.2

Software 1.9

Regulatory 1.4

Terminal Snapshot

FNory Trading Conditions

Registered Region Saint Vincent and the Grenadines

Operating Period 2-5 years

Minimum Deposit $100

Spread N/A

Licenses N/A

Contact Email admin@fnory.com

Contact Number +442080895153

Website fnory.com

Balanced Review

Pros & Cons

Pros

Zero commission fees per lot traded
High leverage up to 1:500
User-friendly F-Trader platform
Wide range of market instruments: Forex, commodities, shares, indices, and EFTs
Minimum deposit requirement of $100

Cons

No valid regulatory oversight
Limited account types available
Withdrawal issues reported by users
Lack of educational resources and tutorials
Trading platform lacks advanced features

Compliance Desk

Regulatory Licenses

0.0/10

No structured regulatory license cards have been configured yet.

Peer Benchmark

Broker Comparison

Feature	FNory	Anzo Capital	Focus Markets	AvaTrade
Operating Period	2-5 years	See review	See review	See review
Region	Saint Vincent and the Grenadines	See review	See review	See review
Minimum Deposit	$100	See review	See review	See review
Spread	N/A	See review	See review	See review
Trust Score	1.4/10	See review	See review	See review

Product Fit

Account Types

What Account Types and Fees Does FNory Offer?

Account Type	Target User Group	Essential Characteristics	Applicability Notes
Standard Account	General traders, including beginners and intermediates	Zero commission, high leverage up to 1:500, starting spreads from 0.0 pips	Minimum deposit of $100; suitable for various trading styles

Account Opening Process

To open an account with FNory, follow these steps: 1. Complete the online application form by providing personal information such as name, address, and contact details. 2. Submit employment and financial information to assess your trading experience and financial status. 3. Provide identity verification documents, including a government-issued ID and proof of address (such as a utility bill). FNory offers flexibility in account management, allowing users to upgrade to a professional account as their trading needs evolve.

Trading Fees

Product	Spread (pips)	Commission	Notes
Forex (EUR/USD)	0.8	$0 (Commission-free)	Tight spreads for major currencies
Forex (GBP/USD)	1.0	$0 (Commission-free)	Competitive for minor pairs
CFDs (Stocks)	1.5	$0 (Commission-free)	Access to a wide range of stocks
CFDs (Indices)	1.2	$0 (Commission-free)	Includes major indices like S&P 500
Cryptos (BTC/USD)	1.0%	0.1%	Variable based on market conditions

Other Fees

Additional costs associated with an FNory account include: – Deposit and withdrawal fees: FNory charges no fees for deposits or withdrawals. – Inactivity fees: Accounts that remain inactive for an extended period may incur a fee. – Platform usage fees: No fees are reported for using the trading platform. – Overnight interest: Swap rates apply depending on the positions held overnight. – Currency conversion fees may apply when trading in currencies different from the account’s base currency.

Editorial Verdict

Expert Verdict

R

Research Desk

Senior Broker Analyst

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

Funding Desk

Deposit & Withdrawal Methods

No structured payment methods have been configured yet.

Trader Feedback

FNory User Reviews

3.0

★ ★ ★ ★ ★

4 total reviews

5 star

4%

4 star

4%

3 star

4%

2 star

20%

1 star

60%

Kim Ngan

Vietnam

★ ★ ★ ★ ★

This exchange is a scam. I requested to withdraw 98.08 USD on September 12, 2023, but they denied my request, claiming it wasn’t at the correct port. After complying with all their demands, including providing a bank statement, they still blocked my withdrawal. I feel completely cheated.

Phong Natra

Vietnam

★ ★ ★ ★ ★

I used to enjoy trading on this platform, but recently they claimed I was trading incorrectly and blocked my profits. I lost a total of $4832.57 due to their unreasonable rules. Beware of this broker; they seem to be scamming traders.

Thanh Hoa

Vietnam

★ ★ ★ ★ ★

The support team is very responsive, and I usually get answers within 2 hours. Liquidity is good; orders are executed quickly. Deposits are fast, but I wish withdrawals were a bit more seamless. Overall, a decent platform for trading.

Starye

United States

★ ★ ★ ★ ★

I found a commission-free broker with FNory, which has saved me a lot of money! The MT5 platform is fantastic, and the overall experience has been great. I’m totally satisfied with my trading journey here.

Saint Vincent and the Grenadines Market