info@brokerdatanet.com +44 151 994 3722

FXNet Guide – Read our In-Depth FXNet Review

This FXNet review has been updated for 2021 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.

Please note that due to regulations, the content in this FXNet review does not apply to US users.

This FXNet review contains the latest information about FXNet.

If you're a new entrant in the realm of trading and brokerage, so many details will be confusing for you. Getting into the world of trading requires expert analyzing skills and thorough knowledge. You'll acquire proficient at all the concepts of broker as you keep trading. For starters, you have to select the right broker who will be transparent with you constantly.

In this fast-paced world of stock markets and trading, you will need advice to make proper decisions. A professionally direct investment program will generate hefty returns. FXNet is just one such platform which will take you along with your investment into great heights. It's important that you understand about FXNet until you trust them with your cash.

FXNet review

Our entire FXNet Review covers all you need to know about trading using FXNet. A good agent can multiply your first investments and give you favorable profits. If you would like to make profits, you must trade with a broker service that aligns with your investment objectives.

There's absolutely no sure-fire way to guarantee profits; thus, you should carefully analyze your broker before you select them. It's a common misconception that all brokers are exactly the same, but that is not correct. Wrong judgment, in the beginning, can set your investments in danger.

FXNet is a broker that has forged its way successfully into the brokerage world. Within this review, we have attempted to collate some of the vital facets of FXNet. This review can allow you to understand whether FXNet is a good match for your own investments or not. We've attempted to breakdown all the features and charges for your advantage.

FXNet Review, Table Of Contents

Who are FXNet?

FXNet is a forex broker headquartered in Cyprus and provides a variety of instruments for trading. Since its inception in 2012, FXNet has emerged as a top-tier player in the industry of online brokerage. FXNet has a highly competitive and full-featured trading website that's focused on currency, indices, metals, stocks and commodities.

Over the past 9 years, FXNet has grown into one of the leading online brokers.

After establishing in 2012, their customer base has become as big as 10,000+ clients.

FXNet is the favorite for many traders because of its negative balance protection. Our FXNet review discovered that they're an superb choice for automated trading options. They're best suited for investors who are searching for a variety of assets. Social and automated trading options are the heart at FXNet.

Technology plays a significant role in FXNet. FXNet features trading on MT4, Web Trader, Tablet & Mobile apps. FXNet is honest, transparent, and a well-regulated agent by the Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC). Their outstanding variety of tools will be beneficial for the majority of traders. Third-party partnerships also supply in-house analysis.

The trader resource section at FXNet is very insightful for new traders as it allows them to have a closer look in the financial markets. FXNet caters to all sorts of traders and are a must-have broker for any well-diversified method of online trading.

Benefits of doing online trading with FXNet?

Trading with FXNet includes numerous benefits. These advantages are what sets FXNet ahead of the rest of the online brokers. You should check all of the benefits listed so that you have a better comprehension of FXNet.

The agent goes to great lengths to understand what traders need. Consequently, the service cost is low, fast, and convenient. The broker also provides a variety of platforms for all types of traders. FXNet ensures that the individual needs of all traders are completely met.

FXNet also includes excellent trading conditions which are readily available to only an elite class of institutional clients. The tight spreads and fast executions are a fantastic advantage for those traders. The technology embraced by FXNet is of the highest caliber, ensuring that it is fast, dependable, and effective.

FXNet admits the significance of owning a quick order execution. A fast execution enables users to exchange without worrying about slippage safely. It will also aid the dealers to grab the utmost profitable opportunities.

Automated trading is another important facet of FXNet. A new trader can learn from industry experts utilizing the automated trading option. The tight spread starts from as low as 0.0 pips, even though they are available for only razor accounts.

FXNet has over 100 trading tools to support all kinds of traders. These tools are dynamic and suitable for both the new and seasoned traders. The traders can set aside all their worries when trading with FXNet.

FXNet overview

Year Founded: 2012

Regulated By: Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC)

Hedquarters: Cyprus

Minimum Deposit: $50

Number Of Clients: 10,000+

Your capital is at risk

If you feel that FXNet is not right for you then at the bottom of this FXNet review you wil find a lot of alternatives to FXNet.

What you should know about trading using FXNet

FXNet is a dynamic platform that provides various procedures of trading. These tools cover the monetary markets substantially. Most of the brokerage platforms offer fewer methods than FXNet

If you would like to exchange with FXNet, you'll need a minimum deposit of $50. This deposit is required if you would like to begin trading using FXNet. This 2021 FXNet review will direct you clearly about trading with them.

FXNet is as versatile as another broker platform. FXNet is ideal for traders who want a manageable array of cheap services. The platforms supplied by FXNet are third-party, white-label offerings. All traders may pick out of MT4, Web Trader, Tablet & Mobile apps.

Along with everything, FXNet has multiple benefits to new and verteran traders and should be investigated. There's absolutely no minimum time over which a transaction must be kept open. The brokers offer premium customer service which rewards clients with advantages.

Many unprofessional brokers attempt to pressurise users into larger financing for superior services. FXNet, on the other hand, is much more focused on trading volume. Dealers can expect trading conditions to be reasonable, honest and transparent. The more lots traded by the consumer, the greater advantages will come along.

FXNet accounts are available all over the world and provides outstanding service everywhere they have clients. There are a few countries where FXNet accounts are not available. Traders in the following countries cannot open or use a FXNet account:

Is FXNet Safe To Trade With?

Established in 2006, FXNet has been operating for 9 years, they have a head office in Cyprus.

FXNet is regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC). These bodies have rules that ensure that trading platforms have steps in place to keep investor's resources procured. This usually means that FXNet users do not need to be worried about their money since it's segregated and safely kept in established banks. SSL encryption secures every user's private information as well.

You can make use of an option for Two Factor Authentications (2FA) with FXNet for increased security. An SMS for the confirmation code will be sent to your phone. You will be asked to input this code to log in to your accounts.

Another concern with fiscal brokers is in regards to security might be manipulation of trading. This is highly disadvantageous to users on these platforms. However, this is more widespread in the case of Market Maker agents who compete with customers on the platform.

Pro's & Con's Of Trading With FXNet

Every online trading platform has a few ups and downs, and no FXNet review would be complete without having a balanced approach. This FXNet review covers both the pros and cons you need to know before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.

FXNet Pro's

  • FXNet is trusted by 10,000+ clients
  • FXNet offers Negative Balance Protection
  • FXNet doesn't charge inactivity fees
  • FXNet offer trading on MT4, Web Trader, Tablet & Mobile apps
  • FXNet offer 100 trading instruments
  • FXNet trades major forex pairs
  • FXNet can communicate in

FXNet Con's

  • FXNet does not offer Guaranteed Stop Loss
  • FXNet charge withdrawal fees
  • FXNet charge deposit fees
  • FXNet doesn't trade minor forex pairs
  • FXNet doesn't trade exotic forex pairs
  • FXNet doesn't offer trading on cryptocurrencies
  • FXNet charge CFD fees

FXNet Review - Compare Brokers Similar To FXNet

FXNet Corner Trader AccentForex Bitfinex
Rating 4/5 4/5 4/5 4/5
Minimum Deposit $50 $250 $100 $100
Year Founded 2012 1879 1998 2015
Headquarters Cyprus Switzerland Vanuatu New Zealand
Regulated By Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) Unregulated Unregulated Financial Services Provider (FSP)
Clients 10,000+ 10,000+ 10,000+ 10,000+
Find Out More
Risk Warning Your capital is at risk Your capital is at risk Your capital is at risk Your capital is at risk

FXNet Review - Regulation And Licencing In More Detail

FXNet is regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC).

FXNet, as a business, has a powerful collection of rules for ensuring fair trading on its platform. For information encryption purposes, it supplies an industry-standard secure socket layer (SSL).

As per the organization's privacy regulations, client data is to not be shared with some other institutions or individuals. Including credit history and other financial details.

FXNet Review - Awards

    At the time of writing this FXNet review, they had not received any awards.

FXNet Review - Minimum Deposit Required

The minimum deposit you must deposit to begin on FXNet is $50. This is an adequate amount for people just starting out. It's possible to create more complex deposits as you go along. However, make certain you understand how to make the most of your cash before investing in larger amounts.

FXNet Review - Commission And Fees Explained

FXNet is an online brokerage platform, and most online brokerages charge lower fees than traditional brokerages tend to bill. The cause of this is that the companies of online brokerages are scaled better. In other words, an online broker isn't necessarily affected by the amount of clients they have.

But this does not mean that online brokers do not charge any fees. They charge fees of varying rates for various services to make money. There are primarily 3 different types of penalties for this objective.

The first sort of fees to keep an eye out for are trading fees. When you make a genuine trade, like buying a stock or an ETF, you are billed trading charges. In such cases, you are spending a spread, funding speed, or a commission. The sorts of trading charges and the rates differ from broker to broker.

Commissions can be fixed or determined by the traded quantity. On the flip side, a spread refers to the difference between the buying and selling price. Financing or overnight prices are people that are billed when you maintain a leveraged position for more than a day.

Aside from trading fees, online agents also charge non-trading fees. These are determined by the activities you undertake on your account. They are billed for operations like depositing money, not investing for long periods, or withdrawals.

Generally, FXNet doesn't charge high fees compared to other online agents. For operations other brokers charge for, they either do not charge a brokerage fee, or they charge a lesser sum. This is beneficial for those who regularly exchange, such as weekly or daily trading.

But, non-trading fees billed by FXNet are comparatively competitive. Consequently, you are billed more for non-trading actions on your trading accounts, like withdrawal and deposits. These are not related to the purchase and sale of resources.

This FXNet review breaks down every one of the applicable non-trading fees for you in detail.

Compare broker fees against FXNet

FXNet Corner Trader AccentForex Bitfinex
Minimum Deposit $50 $250 $100 $100
Withdrawal Fees Yes $25 variable $10
Inactivity Fees No
Deposit Fees Yes
CFD Fees Yes

FXNet Review - Withdrawal Fees Explained

FXNet charges a withdrawal fee when you make a bank transfer. Each time you transfer money back into your bank account, these withdrawal charges become important.

Withdrawal of cash is possible at any moment from the FXNet account. It's possible to draw sums up to the sum of your account balance, keeping aside the perimeter used. One thing to remember is that you don't always need to have any cash in your account.

In addition, the withdrawn money will be transferred directly to the account you use to make deposits. Thus, in the event that you used a credit card for deposits, then the withdrawn cash is going to be sent to the card. FXNet will ask you to offer other withdrawal methods in case your details have changed since your deposit.

There is a minimum withdrawal amount. In the event you're withdrawing money in various currencies from USD, a conversion fee is also important. The conversion fee will be dependent on the currency you're opting to withdraw in.

FXNet Review - Inactivity Fees Explained

Understanding whether you will be charged inactivity fees is only one of the buzzing questions which run through your mind while open an account with FXNet. An inactivity fee is an amount charged to registered dealers who have not engaged in purchasing or selling for a while. The period considered inactive is determined by the broker.

The inactivity fee differs from 1 agent to another and isn't standardized. If a dealers account doesn't have a purchasing or selling transaction, it's maintained by the broker as an inactivity fee. The traders have to pay this commission under conditions and terms that they had consented while enrolling.

FXNet doesn't charge inactivity fees so you are free to pop in and out of your account as needed

Even if no charges have been indicated by FXNet, it's better that you close the account if you're inactive. Inactivity fees aren't only charged by brokerage companies but also many financial services.

For other trading platforms, the inactivity fee depends upon the type of account you have selected. The inactivity fee is exposed to a lot of conditions and should be disclosed clearly by the agent beforehand.

FXNet Review - Deposit Fees Explained

When you move money in your trading account from your bank account, a deposit fee can be charged by the broker. Most agents don't charge too much money for this operation.

FXNet charges a deposit fee for transferring money into your trading account.

Depositing money on the FXNet trading platform is simple. You simply have to finish a single-user profile questionnaire to begin depositing money into your trading account. You will have to provide an identity proof and proof of residency to deposit substantial amounts.

FXNet Review - Compare Broker Deposit Methods

FXNet Corner Trader AccentForex Bitfinex
Minimum Deposit $50 $250 $100 $100
Credit Card
PayPal
Neteller
Skrill
Payoneer

What Can You trade With FXNet?

Note: FXNet provides a lot of different trading instruments due to regulatory restrictions in many countries. Trading instruments offered may be different based on the country of residence of the client.

FXNet has a wide variety of over 100 instruments available for you to trade with.

If trading forex pairs is of interest to you then FXNet offer over 15 forex pairs.

Compare FXNet, Corner Trader, AccentForex & Bitfinex below.

FXNet Corner Trader AccentForex Bitfinex
Platforms MT4, Web Trader, Tablet & Mobile apps MT4, Desktop, iPhone/iOS MetaTrader 4 Android Apps, iPhone/iPad, Desktop
Instruments Available 100 80 23 55
Forex & Crypto
Forex Pairs Available 15
Offers Major Forex Pairs? Yes Yes Yes Yes
Offers Minor Forex Pairs? No Yes No
Offers Exotic Forex Pairs? No Yes No
Offers Cryptocurrencies? No No Yes Yes
Commodity CFD's
Commodities Offered 0 0 0 0
Trade Metals? Yes No Yes Yes
Trade Energies? Yes NO Yes Yes
Trade Agricultural? Yes NO Yes Yes
Indiced & Stock CFDs
Stocks Offered 0 0 0
Trade UK Shares? Yes Yes No No
Trade US Shares? Yes No Yes Yes
Trade German Shares? Yes No No No
Trade Japanese Shares? Yes No No No


Your capital is at risk


Your capital is at risk


Your capital is at risk


Your capital is at risk

Alternatives To FXNet

If, after reading this FXNet review, FXNet does not meet your needs check out these FXNet alternatives.

We have scoured the internet to find the best alternatives to FXNet. Click the links below to learn more.

Frequently Asked Questions about FXNet

Can I try FXNet before I buy?

Yes, you can most certainly try FXNet before you buy. FXNet provides demo accounts for the ease of beginner traders. You may use this feature to build your faith in the system as well as yourself and your trading strategies.

If you sign up to get a demonstration account on FXNet, you may set out with a decent amount of virtual money. It is to establish a feeling of safety and confidence in you until you choose to spend your own money.

With this digital FXNetdemo account, you can experiment at all, to whatever length you desire. You might also start positions, examine different trading strategies, and more.

FXNet specifies on its official site that you can trade real time stocks in a demo account.

Is FXNet safe?

You can drop all of your worries because we believe that FXNet is totally safe to use. It is in compliance with the principles of Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC).

Even so, FXNet doesn't provide assured stop-loss protection.

Why does FXNet ask for my passport?

The reason that FXNet asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies. Because there is a lot of money moving around the world, FXNet has to be careful that they don't breach any money laundering laws and part of that is know as KYC (Know your customer). This means that at all times, FXNet must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law.

How can I start trading with FXNet?

The process to start trading withFXNet is perhaps simple enough to be a cakewalk. You need to begin by signing up on the FXNet website. It will require you to fill in details pertaining to the credibility and security of your account.

Once you are done setting up your profile, you must deposit a minimum amount to get started. The minimum deposit for a live acocunt with FXNet is $50. You should have a good hold over the nuances of online trading before you set out and trade with real money.

If you are confident of your knowledge and understanding, you can open an account with FXNet.

The best way to kickstart your trading career with FXNet is to open a demo account facility before risking any real money

What funding methods do FXNet accept?

There are a number of ways to finance your account with FXNet. The process is effortless and quick, with different payment methods in your fingertips.

You can use credit or debit cards Which range from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal is also at your disposal for depositing funds. You must bear in mind that PayPal isn't available in all place. The monies FXNet

Is my money safe with FXNet?

Yes, your cash is safe and protected with FXNet. As you know, FXNet operates with good conformation to. It has established lots of steps to guard all of its own investors.

FXNet protects its clients' personal and sensitive information under SSL encryption. Your funds will be kept highly secure in top-tier banks.

If you want to further safeguard your accounts, you can enable Two-Step Verification as well. It takes an SMS affirmation for you to get your account.

Is FXNet trading good?

Yes, trading via FXNet is a nice and good experience indeed. It is a great and intuitive platform with useful features for your ease. Moreover, you can even obtain access to a vast selection of educational resources and assistive material to kickstart your trading experience.

If you are still skeptical, you can start a eToro demo account and evaluate the trustworthiness of the platform on your own.

Which Countries does FXNet support?

FXNet operates around the globe. However, due to regulations there are some countries that FXNet cannot accept clients resident in

Is FXNet legit?

FXNet is a legit company headquarted in Cyprus since 2012. They are regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC). FXNet is an acclaimed fintech company, which operates with transparency. You will not have to bear any hidden costs or be a victim to any scams.

Is FXNet a good broker?

FXNet is a great agent, and its own users can vouch for it. The highlight of this platform is its quick order execution on trades.

You will discover the clean design of this platform along with the commendable features that a pleasure to work with.

Is FXNet a trustworthy broker?

Yes, FXNet is a trustworthy broker. Top-tier financial authorities regulate all operations. Over 10,000+ users registered with them can reaffirm their trustable nature.

What is the minimum deposit for FXNet?

The minimum deposit to open a live account with FXNet is $50

How long do FXNet withdrawals take?

Normally, withdrawal of money from FXNet is actioned within a couple of working days but depending on the withdrawal method chosen, it could take up to 7 working days for the withdrawal from FXNet to show in your bank account.

Are FXNet regulated?

FXNet are regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC)

Is FXNet a market leading broker?

FXNet is currently one of the business leaders. It supports over 10,000+ registered customers and over 9 years of experience on its own record. They're one of the world's leading trading platforms and a dominant figure in the Fintech revolution.

It simplifies this standing to its unbelievable platform and broad selection of tools plus resources so that you can invest in capital markets.

Is FXNet a con?

No, FXNet is not a con. They are regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) and must adhere to their rules. Thus, it is safe to say that FXNet is not a scam.

Can you make money with FXNet?

Through FXNet, many traders earn a great deal of money. But typically, through consistent trading, you also can create between 2% - 10% profit a month.

This may seem like a little number, but within the entire year, this adds to a significant amount of gains. While FXNet supply you all of the tools to earn money, they can't guarantee you will profit.

Does FXNet have fees?

Yes. To begin trading using FXNet, you need to deposit $50. Certain commissions while trading additionally apply. Any processing fees from your bank might have to be incurred by you.

When was FXNet founded?

FXNet was founded in 2012 in Cyprus. FXNet is regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC).

How many people use FXNet?

FXNet is a globally recognised broker with 10,000+ clients.

Where is the FXNet head office?

FXNet has its head office in Cyprus

Does FXNet offer negative balance protection?

Yes, FXNet has Negative Balance Protection. It is specially offered when the market volatility prevents clients from allowing their accounts go into the red. In such a scenario, FXNet offers the ability to reset a clients account balance to zero.

You can go through the important conditions on FXNet's site to comprehend their policies.

Does FXNet offer guaranteed stop loss?

FXNet unfortunately, doesn't offer guaranteed stop loss. FXNet gives an opportunity for its traders to close their trade at their specified price. Aside from that, FXNet does not offer guaranteed stop loss.

Does FXNet allow scalping?

Yes, FXNet do allow scalping. Many traders across the world select FXNet for their services that are trading. They offer trading on MT4, Web Trader, Tablet & Mobile apps which allow this.

Does FXNet allow hedging?

Yes, FXNet does allow hedging.

Can you trade energies with FXNet?

Yes, you can trade energy stocks with FXNet

Can you trade agricultural shares with FXNet?

Yes, you can trade agricultural stocks with FXNet

Can you trade cryptocurrency with FXNet?

No, unfortunately you cannot trade cryptocurrency with FXNet

Can you trade metals with FXNet?

Yes, you can trade metals with FXNet

Can you trade UK Shares with FXNet?

Yes, you can trade UK shares with FXNet

Can you trade US Shares with FXNet?

Yes, you can trade US shares with FXNet

Can you trade Japanese Shares with FXNet?

Yes, you can trade Japanese shares with FXNet

Can you trade German Shares with FXNet?

Yes, you can trade German shares with FXNet

Does FXNet accept bank transfers?

No, FXNet does not accept bank transfers.

Does FXNet accept credit cards?

No, FXNet does not accept credit cards.

Does FXNet accept PayPal?

No, FXNet does not accept PayPal.

Does FXNet accept Skrill?

No, FXNet does not accept Skrill.

Does FXNet accept Payoneer?

No, FXNet does not accept Payoneer.

Does FXNet accept Neteller?

No, FXNet does not accept Neteller.

Does FXNet offer Live Chat customer support?

No, FXNet does not offer customer support through live chat.

Does FXNet offer phone customer support?

No, FXNet does not offer customer support over the telephone.

Does FXNet offer email customer support?

No, FXNet does not offer customer support through email.

What languages can FXNet communicate in?

FXNet has the ability to communicate and support customers who speak:

Does FXNet have a wikipedia page?

No, FXNet does not have an official wikipedia page.

Does FXNet offer demo accounts?

Yes, FXNet offers demo accounts so you can learn their systems before risking any real money.