fx global markets
FXNet
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Overview
fx global markets was founded in 2017 and is headquartered in United States, while FXNet was established in 2012 and is based in Cyprus. fx global markets holds licences including Cyprus Securities and Exchange Commission (CySEC), while FXNet is regulated by Financial Conduct Authority (FCA) among others. fx global markets serves 10,000+ clients worldwide; FXNet has 10,000+. The minimum deposit is $250 at fx global markets and $50 at FXNet.
| Feature | fx global markets | FXNet |
|---|---|---|
| Min. Deposit | $250 | $50 |
| Regulation | Cyprus Securities and Exchange Commission (CySEC), with CIF license No. 242/14 | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 2017 | 2012 |
| Country | United States | Cyprus |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between fx global markets and FXNet, directly affecting your bottom line as a trader. fx global markets has a lower barrier to entry with a minimum deposit of $250 (vs $50 at FXNet). fx global markets charges withdrawal fees while FXNet does not, a notable advantage for frequent withdrawers. fx global markets charges deposit fees; FXNet does not. Overall, FXNet scores higher on fees in our assessment.
| Feature | fx global markets | FXNet |
|---|---|---|
| Min. Deposit | $250 | $50 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | No |
| CFD Fees | No | No |
Platforms
fx global markets offers MT4, MT5, cTrader, while FXNet supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Both brokers support copy or social trading, catering to less hands-on investors. The two brokers are closely matched on platform offering.
| Feature | fx global markets | FXNet |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how fx global markets and FXNet compare. Both brokers run regular live webinars. Both provide video tutorials, including advanced content. Daily market commentary is available from both brokers. Both integrate third-party research tools including Trading Central. Archived webinars are available at both brokers for self-paced learning. The two brokers are evenly matched on educational content.
| Feature | fx global markets | FXNet |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | Yes | Yes |
| Autochartist | Yes | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. fx global markets accepts 5 of the tracked payment methods (bank transfer, credit/debit card, PayPal, Skrill, Neteller), while FXNet supports 2 (bank transfer, credit/debit card). fx global markets uniquely supports PayPal and Skrill and Neteller among the two brokers. fx global markets scores higher on deposit and withdrawal flexibility.
| Feature | fx global markets | FXNet |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | No |
| Skrill | Yes | No |
| Neteller | Yes | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both fx global markets and FXNet offer live chat support. Both provide phone support. Email support is available at both brokers. fx global markets supports 8 languages and FXNet supports 2, giving fx global markets broader global reach. Both brokers are comparable on support quality.
| Feature | fx global markets | FXNet |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic | English, and Chinese |