FXNet Guide – Read our In-Depth FXNet Review
FXNet Rating: 6.41 / 10
Our proprietary rating algorithm takes all of our datapoints to generate the rating. This keeps things fair and removes human bias to ensure that our users can compare brokers easily and find the best ones.
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 users in BR, KR, IR, IQ, SY, JP, US
If you are a new entrant in the realm of trading and brokerage, so many facts will be confusing for you. Getting into the area of trading demands expert analyzing skills and comprehensive understanding. You'll acquire proficient at all of the concepts of broker since you continue trading. For starters, you have to choose the right broker who'll be clear with you always.
Within this fast-paced world of stock markets and trading, you will need guidance to make proper decisions. A professionally direct investment plan will generate hefty returns. FXNet is just one such platform that will take you and your investment into great heights. It's crucial to understand about FXNet until you trust them with your cash.
FXNet Guide – Quick Overview
FXNet Telephone Number:
FXNet Email Address:
Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC)
Number Of Clients:
10,000+ FXNet users and traders
FXNet Facebook Likes:
FXNet Twitter Followers:
FXNet Instagram Followers:
Your capital is at risk
|FXNet Telephone Number:|
|FXNet Email Address:|
|Regulated By:||Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC)|
|Number Of Clients:||10,000+ FXNet users and traders|
|FXNet Facebook Likes:||0|
|FXNet Twitter Followers:||0|
|FXNet Instagram Followers:||0|
Your capital is at risk
Our entire FXNet Review covers everything you need to know about trading with FXNet. A fantastic agent can multiply your initial investments and give you positive profits. If you want to earn profits, you should trade with a broker service that aligns with your investment goals.
There is no sure-fire way to guarantee profits; therefore, you must carefully analyze your broker before you choose them. It's a frequent misconception that all brokers are exactly the same, but that's not true. Wrong judgment, in the beginning, can set your investments in danger.
FXNet is a broker that has found its way successfully into the broker world. In this review, we have attempted to collate some of the vital facets of FXNet. This review will help you to know whether FXNet is a fantastic match for your investments or not. We have tried to breakdown all the features and charges for your advantage.
FXNet Review, Table Of Contents
- Who are FXNet?
- Benefits Of Trading With FXNet
- Everything you should know about trading with FXNet
- Is FXNet Safe To Trade With?
- FXNet Risk Disclaimer
- Pro's & Con's Of Trading With FXNet
- Compare Brokers Similar To FXNet
- Regulation And Licencing In More Detail
- FXNet Awards
- Minimum Deposit Required For A Live Account With FXNet
- FXNet Commission And Fees Explained
- Compare broker fees against FXNet
- FXNet Withdrawal Fees Explained
- FXNet Deposit Fees Explained
- Compare Broker Deposit Methods
- What Can You Trade With FXNet?
- FXNet Customer Support
- Alternatives To FXNet
- Frequently Asked Questions About FXNet
Who are FXNet?
FXNet is a foreign exchange broker headquartered in Cyprus and provides a variety of tools for online trading. Since its start in 2012, FXNet has emerged as a top-tier player in the field of online broker. FXNet includes an extremely aggressive and full-featured trading site that is focused on forex, indices, metals, shares, commodities.
Over the past 9 years, FXNet has grown into one of the leading online brokers.
After establishing in 2012, their customer base is becoming as big as 10,000+ clients.
FXNet is a favourite of many dealers.. Our FXNet review discovered that they are an superb alternative for automated trading options. They're most appropriate for investors that are looking for an assortment of assets. Social and automated trading solutions are the core at FXNet.
Technology plays a significant role in FXNet. FXNet features trading on MT4, Web Trader, Tablet & Mobile apps. FXNet is honest, transparent, and also a well-regulated broker by the Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC). Their outstanding array of resources will be beneficial for most traders. Third-party partnerships also provide in-house research.
The educational department at FXNet is very enlightening for new dealers as it allows them to have a closer look at the financial markets. FXNet caters to all sorts of traders and are a must-have broker for any well-diversified approach to online trading.
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 with FXNet
FXNet is a dynamic platform that provides various methods of trading. These instruments cover the monetary markets substantially. The Majority of the broker platforms offer fewer procedures than FXNet
If you wish to exchange with FXNet, you will need a minimum deposit of $50. This deposit is mandatory if you wish to start trading with FXNet. This 2021 FXNet review will direct you clearly about trading with them.
FXNet is as versatile as any other brokerage platform. FXNet is great for traders who want a manageable selection of low-cost services. The platforms offered by FXNet are third-party, white-label offerings. All traders can pick from MT4, Web Trader, Tablet & Mobile apps.
Together with everything, FXNet has multiple benefits to new and verteran traders and should be investigated. There's absolutely no minimum time on which a transaction has to be kept open. The brokers provide premium customer service that rewards clients with advantages.
Many less reputable brokers attempt to pressurise customers into larger funding for superior services. FXNet, on the other hand, is much more concentrated on trading volume. Traders can expect trading conditions to be just, honest and transparent. The more lots traded by the user, the further benefits will come along.
FXNet accounts are available all over the world and provides outstanding service wherever they have clients. There are only a select few countries where FXNet accounts are not available. Traders in the following countries cannot open or use a FXNet account:
BR, KR, IR, IQ, SY, JP, US
Is FXNet Safe To Trade With?
Launched in 2012, 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 figures have rules that mandate that trading platforms have measures in place to maintain investor's resources secured. This means that FXNet users do not need to be worried about their money since it is segregated and safely stored in banks that are established. SSL encryption secures every user's private information also.
You can make use of a choice for Two Factor Authentications (2FA) with FXNet for heightened security. An SMS with the verification code will be sent to a phone. You will be required to enter this code to log in to your accounts.
Another concern with fiscal brokers is in respect to security may be manipulation of trading. This is highly disadvantageous for users on these platforms. However, this is much more widespread in the example of Market Maker agents who compete with users on the stage.
FXNet Risk Disclaimer
Your capital is at risk
Pro's & Con's Of Trading With FXNet
Every online trading platform has some ups and downs, and no FXNet review would be complete without showing both sides. 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 is trusted by 10,000+ clients
- FXNet has low minimum deposit requirements
- FXNet doesn't charge withdrawal fees
- FXNet doesn't charge inactivity fees
- FXNet doesn't charge deposit fees
- FXNet doesn't charge CFD fees
- FXNet offers social trading
- FXNet offers trailing stop
- FXNet offer trading on MT4, Web Trader, Tablet & Mobile apps
- FXNet offer 100 trading instruments
- FXNet trades major forex pairs
- FXNet can communicate in English, and Chinese
- FXNet does not offer Negative Balance Protection
- FXNet does not offer Guaranteed Stop Loss
- FXNet doesn't trade minor forex pairs
- FXNet doesn't trade exotic forex pairs
- FXNet doesn't offer trading on cryptocurrencies
- FXNet doesn't offer copy trading
FXNet Review - Compare Brokers Similar To FXNet
|Rating||6.41 / 10||5.86 / 10||2.89 / 10||6.8 / 10|
|Regulated By||Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC)||Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA)||Unregulated||Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F218|
|Find Out More|
|Risk Warning||Your capital is at risk||Your capital is at risk||CFD and Spot Forex trading both come with a high degree of risk. You must be prepared to sustain a total loss of any funds deposited with EagleFX||77% of retail investor accounts lose money when trading CFDs with this provider|
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 strong set of rules for ensuring honest trading on its platform. For data encryption functions, it supplies an industry-standard secure socket layer (SSL).
In accordance with the company's privacy regulations, client information is to not be shared with some other institutions or individuals. Including credit history and other financial information.
FXNet Review - AwardsAt the time of writing this FXNet review, and despite FXNet’s impressive offering, the company has surprisingly not garnered any other awards to date.
FXNet Trading Platforms
FXNet are a reputable trading platform that has been operating for over 9 years. They offer a large range of options in their user accounts.
Below we take the main parts of any great online broker and compare FXNet with First Trade, EagleFX, and activtrades
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. You can create more advanced deposits as you go along. However, make certain that you understand how to make the most of your cash before investing larger amounts.
FXNet Review - Commission And Fees Explained
FXNet is an online broker platform, and most online brokerages charge lower fees than traditional brokerages tend to charge. The cause of this is that the companies of online brokerages are scaled better. That is, an online broker is not necessarily influenced by the number of customers they have.
However, this does not mean that online brokers don't charge any fees. They charge fees of varying rates for various services to make money. There are primarily 3 types of fees for this purpose.
The first sort of charges to look out for are trading fees. When you make an actual trade, like buying a stock or an ETF, you're billed trading fees. In these cases, you are spending a spread, financing rate, or even a commission. The kinds of trading fees and the rates differ from broker to broker.
Commissions can be fixed or determined by the traded volume. On the flip side, a spread denotes the gap between the buying and selling cost. Financing or overnight rates are those that are charged when you maintain a leveraged position for more than daily.
Aside from trading fees, online brokers also bill non-trading fees. These are determined by the activities you undertake in your accounts. They are charged for things like depositing cash, not investing for lengthy periods, or withdrawals.
Generally, FXNet doesn't charge high fees compared to other online brokers. For operations other agents fee for, they either do not charge a broker fee, or they charge a smaller amount. This is beneficial for those who often exchange, such as daily or weekly trading.
However, non-trading fees billed by FXNet are relatively greater. As a result, you are billed more for non-trading activities on your trading account, such as deposits and withdrawal. These aren't related to the purchase and sale of assets.
This FXNet review breaks down every one of the relevant non-trading fees for you in detail.
Compare broker fees against FXNet
FXNet Review - Withdrawal Fees ExplainedFXNet doesn't charge withdrawal fees
Withdrawal of cash is possible at any moment from your FXNet account. You can draw sums up to the amount of your account balance, keeping aside the perimeter utilized. 1 thing to remember is that you don't necessarily need to have any cash on your accounts.
In addition, the withdrawn money will be moved directly to the account you use to make deposits. Thus, in the event that you used a credit card for deposits, then the withdrawn money will be sent to the card. FXNet will ask you to provide other withdrawal methods in case your details have changed since your deposit.
There is a minimum withdrawal amount. In the event you're withdrawing cash in different currencies from USD, a conversion fee is also applicable. The conversion fee will depend on the currency you're choosing to draw in.
FXNet Review - Inactivity Fees Explained
Understanding whether you will be charged inactivity fees is one of those buzzing questions that run through your head when open an account with FXNet. An inactivity fee is an amount charged to registered dealers who have not participated in buying or selling for some time. The period regarded as inactive is determined by the broker.
The inactivity fee differs from one broker to another and isn't standardized. If a dealers account does not have a buying or selling trade, it's claimed by the broker as an inactivity charge. The traders have to pay this commission under conditions and terms that they had agreed while registering.
FXNet doesn't charge inactivity fees so you are free to pop in and out of your account as needed
Even if no charges are indicated by FXNet, it's best that you close the account if you're inactive. Inactivity fees are not just charged by brokerage firms but also many financial services.
For other trading platforms, the inactivity fee depends on the sort of account you've selected. The inactivity fee is exposed to a lot of circumstances and should be disclosed clearly by the broker beforehand.
FXNet Review - Deposit Fees Explained
When you move money into your trading account from the bank account, a deposit fee can be charged by the broker. Most brokers do not charge an excessive amount of money for this operation.
FXNet doesn't charge deposit fees so you are free to transfer smaller amounts of money in more regularly if needed
Depositing money on the FXNet trading platform is simple. You simply need to finish a single-user profile questionnaire to start depositing money into your trading account. You'll need to give an identity evidence and proof of residency to deposit substantial sums.
FXNet Review - Compare Broker Deposit Methods
What Can You Trade With FXNet?
Note: FXNet offers a lot of different trading instruments due to regulatory restrictions in a few countries. Trading instruments offered will be different depending 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 currency pairs is of interest to you then FXNet offer over 15 forex pairs.
Compare FXNet, First Trade, EagleFX & activtrades below.
Reviewing The FXNet Mobile App
Note: FXNet's mobile app has a lot of functions and is being constantly developed. The below information was accurate at the time of compiling this FXNet review.
Understand the capabilities of the mobile apps of FXNet, First Trade, EagleFX & activtrades below.
FXNet Customer Support
For this FXNet review we examined the customer service options as well as response times. the FXNet trading platform issue solving effectiveness. FXNet supports many languages, including English, and Chinese.
FXNet Live Chat Support
We tried the FXNet, and it was very effective. We sent messages through the FXNet livechat through their app and website and got a reply within 20 seconds. Sometimes there was no response.
We tested communicating via FXNet support in multiple languages across multiple countries. FXNet were capable of resolving our customers' concerns.
FXNet Phone Support
We phoned FXNet and the call was answered extremely promptly. We were able to have the call answered within less than five to ten minutes.
FXNet phone support team were able to successfuly answer our queries and problems on the phone. We tested the multi-lingual FXNet team by calling them in various languages. FXNet made efforts to ensure all of our questions were answered.
The overall support via phone from FXNet was good.
FXNet Email Support
We have sent numerous messages to FXNet and answer times overall were acceptable. The fastest email response time from FXNet was 2 hours and the longest response time was 3 days! There were times when there were no responses. Support response times can vary depending on what is needed from FXNet, however we have had this experience sending 10 emails at varying times.
The team resolved and answered our questions. The overall average of email support provided by FXNet was outstanding.
Alternatives To FXNet
If, after reading this FXNet review, they don't quite meet your requirements check out these FXNet alternatives.
We have scoured the internet to find the best alternatives to FXNet. Click the hyperlinks 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 inexperienced 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 for a demo account on FXNet, you will set out using a decent amount of virtual currency. It is to establish a feeling of security and confidence in you before you choose to invest your own money.
With this digital FXNetdemo account, you are able to experiment in any way, to whatever period you wish. You can even start positions, examine different trading approaches, and much more.
FXNet specifies on its official website which you are able to trade real time stocks in a demo account.
Is FXNet safe?
It is possible to drop all your worries because we believe that FXNet is completely safe to use. It's in compliance with the rules of Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC).
Nevertheless, FXNet does not 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 account 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 multiple ways to fund your account with FXNet. The process is effortless and quick, with various payment methods in your fingertips.
You can use debit or credit cards Which range from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal is also at your disposal for depositing money. You have to bear in mind that PayPal isn't available in every place. The currencies FXNet
Is my money safe with FXNet?
Yes, your money is safe and protected with FXNet. As you already know, FXNet operates with good conformation to. It's established lots of steps to protect all its own investors.
FXNet protects its clients' private 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 that you access your account.
Is FXNet trading good?
Yes, trading through FXNet is a nice and good experience indeed. It's a great and intuitive platform with helpful features for your ease. In addition, you could even obtain access to a huge selection of educational tools and assistive material to kickstart your trading experience.
If you are still skeptical, it is possible to open a eToro demo account and assess the credibility of the platform on your own.
Which Countries does FXNet support?
FXNet operates around the world. However, due to regulations there are some countries that FXNet do accept clients from BR, KR, IR, IQ, SY, JP, US
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 broker, and its own users can vouch for it. The highlight of the platform is its quick order execution on trades.
You will find the clean layout of this platform along with the commendable features 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 indisputably among the industry leaders. It supports over 10,000+ registered customers and over 9 years of expertise on its own record. They are one of the world's top trading platforms and also a prominent figure in the Fintech revolution.
It majorly owes this standing to its incredible platform and wide selection of tools plus resources so you may put money into 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, several traders make a lot of money. But on average, through consistent trading, you can make between 2% - 10% profit a month.
This may seem like a little number, but over the entire year, this adds to a significant amount of gains. Even though FXNet supply you all the tools to make money, they can't guarantee that you will gain.
Does FXNet have fees?
Yes. To start trading using FXNet, you need to deposit $50. Particular commissions while trading also apply. Any processing fees from your bank will 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+ customers.
Where is the FXNet head office?
FXNet has its head office in Cyprus
Does FXNet offer negative balance protection?
Does FXNet offer guaranteed stop loss?FXNet unfortunately, doesn't provide guaranteed stop loss. FXNet provides an opportunity to its traders to close their trade at their specified price. Aside from that, FXNet doesn't offer guaranteed stop loss.
Does FXNet allow scalping?Yes, FXNet do permit scalping. Several traders across the world select FXNet due to their services that are trading. They offer trading on MT4, Web Trader, Tablet & Mobile apps which let 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?
Yes, FXNet accepts bank transfers for depositing money.
Does FXNet accept credit cards?
Yes, FXNet accepts credit cards for depositing money.
Does FXNet accept PayPal?
No, FXNet does not accept PayPal.
Does FXNet accept Skrill?
No, FXNet does not accept Skrill.
Does FXNet accept Payoneer?
Yes, FXNet accepts Payoneer for depositing money.
Does FXNet accept Neteller?
No, FXNet does not accept Neteller.
Does FXNet offer Live Chat customer support?
Yes, FXNet offers customer support through live chat.
Does FXNet offer phone customer support?
Yes, FXNet offers customer support over the telephone.
Does FXNet offer email customer support?
Yes, FXNet offers customer support through email.
What languages can FXNet communicate in?
FXNet has the ability to communicate and support customers who speak: English, and Chinese
Does FXNet have a wikipedia page?
No, FXNet does not have an official wikipedia page.
Does FXNet offer demo accounts?
Yes, FXNet offers virtual portfolio accounts so you can test your trading strategies before risking any real money. Inexperienced traders can open a demo account in order to better understand the areas of Forex trading and test out some of FXNet's features before signing up for a live account.