advertise Blank

FxNet Reviews and User Ratings

Add to compare
  • Overview
  • Information
  • Video
  • Specification
  • Review score

FxNet General Information


Broker Name
FxNet
Established
2012
Country
Cyprus
Min Deposit
$5
Max Leverage
1:500
Regulation
CySEC, BaFIN, FSA
Email
info@fxnet.com
Telephone
+357 25 108111
Fax
-
Website Language
English, Chinese, Russian, Arabic, Italian, Japanese, Korean
Support Methods
Email
Telephone
Live Chat
Skype
24/7 Support
Deposit Options
Credit Cards, Debit Cards, Wire Transfer, Epayza, WebMoney, Skrill, Neteller, U-Kash, CashU, FasaPay, China Union Pay
Withdraw Options
Credit Cards, Debit Cards, Wire Transfer, Epayza, WebMoney, Skrill, Neteller, U-Kash, CashU, China Union Pay

back to menu ↑

Description


FxNet Background

Headquartered in Limassol, FxNet is an online forex and commodities broker under the management of Cyprus. The broker was granted its operating license as a financial services provider by Cyprus Securities and Exchange Commission (CySEC) in late 2012.  The company is also licensed and registered to operate with FSA and BaFin. FxNet’s strives to provide their clients exceptional customer service, transparency in their dealings and innovative trading solutions. FxNet offers their clients the industry’s most popular forex trading platform, MetaTrader 4, as well as the highly efficient SimpleTrader. They also offer a web trader, a mobile trader, and ZuluTrade. The SimpleTrader platform is designed to simplify trading so even newcomers will find it easy to navigate charting and technical analysis tools. FxNet offers traders a choice between 3 main accounts, standard, VIP, and Platinum. All trades are executed by FxNet on a Straight-Through- Process (STP) basis. FxNet also provides services for corporate accounts, Islamic accounts, and MAM accounts.

Features of FxNet

FxNet has based a large portion of their business on exceptional customer service.  Their customer support is available 24 hours a day, 5 days a week through email, phone, and Live Chat. To ensure reliability, FxNet offers an exceptional amount of security for their clients.  All internet traffic is encrypted with SSL encryption technology and client funds are only deposited with top tier banks. FxNet uses account segregation to ensure company funds and client funds do not mix and they offer Negative Balance Protection to prevent clients from losing more than they invested.

Conclusion

Feedback from FxNet’s clients has been extremely positive which indicates they have been backing up their promise of high quality service. With so many advantages, FxNet is a good choice for anyone new to forex trading.

back to menu ↑

Features and Trading Instruments


Features
Hedging
Scalping
Margin Interest Rate
Trailing Stop
Web Based Trading
Pending Orders
One Click Execution
Mobile Trading
US Traders
Automated Trading
Islamic Account
Swaps
Segregated account
Affiliate Program
Trading Contest
PAMM
Trading Instruments
Oil
Gold
Metal
Indices
ETFs
CFDs
Stocks
Commodities
back to menu ↑

Pros and Cons


PROS:
  • There are a substantial amount of pros for working with FxNet.
  • First, clients are working with a highly regulated broker that has an extensive amount of security.
  • All accounts have a low spread and standard accounts can begin with only a $5 deposit.
  • The broker offers personalized service, plenty of bonuses, promotional activities, and reliable support. Multiple platforms and a wide range of trading tools round out their impressive list of assets.
CONS:
  • The main disadvantage of FxNet is that they are unable to accept U.S clients.
back to menu ↑

Account Type


  • Minimum Account Size: $5
  • Spread: Medium/ Variable
  • Trading Instruments: Forex, Indices, Commodities
  • Trading Platforms: MT4, Iphone & Ipad App, Android App
  • Stop-Out Level: 50%

*Spread from 2.3 pips

  • Minimum Account Size: $2000
  • Spread: Medium/ Variable
  • Trading Instruments: Forex, Indices, Commodities
  • Trading Platforms: MT4, Iphone & Ipad App, Android App
  • Stop-Out Level: 50%

*Spread from 1.9 pips

  • Minimum Account Size: $5000
  • Spread: Medium/ Variable
  • Trading Instruments: Forex, Indices, Commodities
  • Trading Platforms: MT4, Iphone & Ipad App, Android App
  • Stop-Out Level: 50%

*Spread from 0 pips

back to menu ↑

FxNet Review Score


FxNet Reviews and User Ratings
7.4 Total Score
5 reviews
Add your review
Web Design
8.2
Reliability
7.0
Platform
7.2
Customer Support
7.6
Withdrawal
7.4
Broker Name
FxNet
Established
2012
Country
Cyprus
Min Deposit
$5
Max Leverage
1:500
Regulation
CySEC, BaFIN, FSA
Email
info@fxnet.com
Telephone
+357 25 108111
Fax
-
Website Language
English, Chinese, Russian, Arabic, Italian, Japanese, Korean
Support Methods
Email
Telephone
Live Chat
Skype
24/7 Support
Deposit Options
Credit Cards, Debit Cards, Wire Transfer, Epayza, WebMoney, Skrill, Neteller, U-Kash, CashU, FasaPay, China Union Pay
Withdraw Options
Credit Cards, Debit Cards, Wire Transfer, Epayza, WebMoney, Skrill, Neteller, U-Kash, CashU, China Union Pay
Features
Hedging
Scalping
Margin Interest Rate
Trailing Stop
Web Based Trading
Pending Orders
One Click Execution
Mobile Trading
US Traders
Automated Trading
Islamic Account
Swaps
Segregated account
Affiliate Program
Trading Contest
PAMM
Trading Instruments
Oil
Gold
Metal
Indices
ETFs
CFDs
Stocks
Commodities
FxNet Reviews and User Ratings
7.4 Total Score
5 reviews
Add your review
Web Design
8.2
Reliability
7.0
Platform
7.2
Customer Support
7.6
Withdrawal
7.4

Subscribe to Receive Notifications

Get Notified With Good Content and Promotion

5 Comments
Show all Most Helpful Highest Rating Lowest Rating Add your review
  1. Reply
    Von Geisler
    June 23, 2016 at 9:33 am
    4.4
    Web Design
    80
    Reliability
    80
    Platform
    90
    Customer Support
    100
    Withdrawal
    90

    FxNet grants peripatetic investors access from work, at home, and while crisscrossing the Continent. The MT4 platform works seamlessly on desktops, mobile solutions (iOS, Blackberry, Android), and others proprietary to the company. Each permits a choice of Standard, Platinum, demo, Islamic and MAM accounts.

    Helpful(0) Unhelpful(0)You have already voted this
  2. Reply
    Dominique Mirasol
    March 23, 2016 at 11:32 am
    4.5
    Web Design
    100
    Reliability
    80
    Platform
    90
    Customer Support
    90
    Withdrawal
    90

    To be perfectly fair, FxNEt is the most upfront we have seen about the perils of forex trading. It is easy to get mesmerized about the multi-market and multi-currency pools available across the Atlantic. CySEC and MiFID notwithstanding, however, portfolios can get waylaid when there is no centralized trading authority.

    Helpful(0) Unhelpful(0)You have already voted this
  3. Reply
    Fritz Santos
    May 5, 2015 at 5:32 am
    4.6
    Web Design
    100
    Reliability
    100
    Platform
    90
    Customer Support
    80
    Withdrawal
    90

    Like any unregulated broker worth its salt, FxNEt grants continent-wide access to 25 currency pairs that add up to $4+ trillion in daily forex volume, enticing leverage of up to 1:500, playing dangerously with Gold, Silver and Oil throughout the night after Asian markets have closed, and the usual slew of Stock Market Indices: SPX500, DOW30, FTSE100 and Islamic derivatives.

    Helpful(0) Unhelpful(0)You have already voted this
  4. Reply
    Adie Chung
    June 22, 2014 at 5:33 am
    3.8
    Web Design
    80
    Reliability
    70
    Platform
    70
    Customer Support
    80
    Withdrawal
    80

    Doing business as FxNet Ltd., the broker operates globally over the wires and is fully licensed Over the Counter (OTC) online Forex and commodities broker, regulated by the Cyprus Securities and Exchange Commission (CySEC). The combined vision and mission is to provide exceptional customer service, integrity and continuous innovation that will provide clients with exciting, innovative, rapid execution and ultra-secure trading platforms. The in-house support systems boast such entities as Deloitte and Oracle.

    Helpful(0) Unhelpful(0)You have already voted this
  5. Reply
    Shantaquilette22
    March 3, 2014 at 8:20 am
    1.4
    Web Design
    50
    Reliability
    20
    Platform
    20
    Customer Support
    30
    Withdrawal
    20

    My expectations were aroused by FxNEt’s claim to EU-wide legitimacy courtesy of the Markets in Financial Instruments Directive 2004/39/EC (known as “MiFID”, a European Union law that provides harmonised regulation for investment services across the 31 member states of the European Economic Area (the 28 EU member states plus Iceland, Norway and Liechtenstein). Falling under CySEC, in addition, means FxNEt has a backdoor to all member-states. All this means, however, is that one’s portfolio is protected under Cyprus SEC rules. Recall that Cyprus used to be the tax haven of the Mediterranean and one realizes that trans-Atlantic placements can be more free-wheeling but without the ironclad guarantees of a European Central Bank.

    Helpful(0) Unhelpful(0)You have already voted this

Leave a reply

Your total score

Login/Register access is temporary disabled
Compare items
  • Forex Broker (0)
  • Binary Options (0)
Compare
0