FXNet
WIT Invest
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Overview
FXNet was founded in 2012 and is headquartered in Cyprus, while WIT Invest was established in 2008 and is based in Saint Vincent and the Grenadines. FXNet holds licences including Financial Conduct Authority (FCA), while WIT Invest is regulated by Unregulated among others. FXNet serves 10,000+ clients worldwide; WIT Invest has 10,000+. The minimum deposit is $50 at FXNet and $100 at WIT Invest.
| Feature | FXNet | WIT Invest |
|---|---|---|
| Min. Deposit | $50 | $100 |
| Regulation | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) | Unregulated |
| Founded | 2012 | 2008 |
| Country | Cyprus | Saint Vincent and the Grenadines |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between FXNet and WIT Invest, directly affecting your bottom line as a trader. WIT Invest has a lower barrier to entry with a minimum deposit of $100 (vs $50 at FXNet). Neither broker charges withdrawal fees. WIT Invest charges deposit fees; FXNet does not. Overall, FXNet scores higher on fees in our assessment.
| Feature | FXNet | WIT Invest |
|---|---|---|
| Min. Deposit | $50 | $100 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
FXNet offers MT4, MT5, cTrader, while WIT Invest 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 | FXNet | WIT Invest |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, Web Trader, Tablet & Mobile apps | Desktop, Tablet & Mobile apps,Mac |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how FXNet and WIT Invest 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. FXNet scores higher overall in education and research.
| Feature | FXNet | WIT Invest |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | Yes | Yes |
| Autochartist | Yes | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. FXNet accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while WIT Invest supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | FXNet | WIT Invest |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | No |
| Skrill | No | No |
| Neteller | No | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both FXNet and WIT Invest offer live chat support. Both provide phone support. Email support is available at both brokers. Both brokers offer support in 2 languages. Both brokers are comparable on support quality.
| Feature | FXNet | WIT Invest |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |