This FXNet review has been updated for 2022 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 Brazil, Republic of Korea, Islamic Republic of Iran, Iraq, Syrian Arab Republic, Japan, and United States.
If you are a new entrant in the world of trading and broker, so many details will be perplexing for you. Getting into the area of trading demands expert analyzing skills and thorough understanding. You will acquire proficient at all of the concepts of brokerage as you continue trading. For starters, you need to select the right broker who will be clear with you always.
In this fast-paced universe of stock markets and trading, you will need guidance to make correct decisions. A professionally lead investment program could aid you in minimising any potential losses and maximising any returns. FXNet is one such broker that can assist you. It is crucial to know all about FXNet until you trust them with your cash.
FXNet Review for 2022 – Quick Summary
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 all you will need to learn about trading with FXNet. A good agent can take your initial investments and help to protect it from losses but also provide you a platform that can provide you favourable profits. If you want to earn profits, you must trade with a brokerage service that aligns with your investing goals.
There is no sure-fire method to ensure profits; therefore, you must carefully analyze your agent before you select them. It is a frequent misconception that all agents will be the same, but that's not correct. Wrong judgment, initially, can put your investments at risk.
FXNet is a broker that has forged its way successfully into the broker world. Within this review, we have attempted to collate a number of the important facets of FXNet. This review will help you to know whether FXNet is a fantastic fit for your investments or not. We have attempted to breakdown all of the features and fees 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 trading. Since its beginning in 2012, FXNet has emerged as a top-tier player in the field of online broker. FXNet has a highly aggressive and full-featured trading site that is focused on currency, indices, metals, stocks , commodities.
Over the past 10 years, FXNet has grown into one of the leading online brokers.
After launching in 2012, their consumer base is becoming as large as 10,000+ clients.
FXNet is a favourite of many traders.. Our FXNet review found that they're an superb choice for automated trading solutions. They're most appropriate for investors who are searching for a variety of assets. Social and automated trading options 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 a well-regulated broker by the Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC). Their outstanding variety of tools will be beneficial for most traders. Third-party partnerships also provide in-house analysis.
The educational department at FXNet is very insightful for new traders since it permits them to get a closer look in 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.
Everything you should know about trading using FXNet
FXNet is a lively platform that provides various methods of online trading. These instruments cover the monetary markets considerably. Most of the broker platforms provide fewer methods than FXNet
If you would like to exchange with FXNet, you'll need a minimum deposit of $50. This deposit is mandatory if you wish to start trading using FXNet. This 2022 FXNet review will guide you clearly about trading with them.
FXNet is as flexible as any other broker platform. FXNet is excellent for traders who want a manageable assortment of low-cost services. The programs supplied 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 over which a trade must be kept open. The brokers offer premium client service that rewards clients with benefits.
Many less reputable brokers attempt to pressurise users into bigger financing for superior services. FXNet, on the other hand, is much more concentrated on trading volume. Traders can expect trading conditions to be fair, honest and transparent. The more lots traded by the consumer, the more benefits will come along.
FXNet accounts are available around the world and provides excellent service wherever they have customers. There are some select few countries where FXNet accounts are not available. Traders in the following countries cannot open or use a FXNet account:
Brazil, Republic of Korea, Islamic Republic of Iran, Iraq, Syrian Arab Republic, Japan, and United States.
Is FXNet Safe To Trade With in 2022?
Launched in 2012, FXNet has been in operation for 10 years, they are headquarted in Cyprus.
FXNet is regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC). These bodies have rules that make sure that trading platforms have measures in place to maintain investor's resources procured. This usually means that FXNet users don't need to worry about their money since it's segregated and safely stored in established banks. SSL encryption secures every user's private information also.
You are able to make use of an option for Two Factor Authentications (2FA) with FXNet for heightened safety. An SMS for the verification code will be sent to a mobile phone. You will be required to enter this code to log into your account.
Another concern with fiscal brokers with regards to safety may be manipulation of trading. This is highly disadvantageous for users on these platforms. However, this is more widespread in the case of Market Maker agents who compete with customers on the stage.
FXNet Risk Disclaimer
Your capital is at risk
Pro's & Con's Of Trading With FXNet
Every online trading platform will have some pros and cons 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
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 company, has a powerful collection of rules for ensuring honest trading onto its own platform. For data encryption functions, it supplies an industry-standard secure socket layer (SSL).
As per the organization's privacy regulations, customer information is to not be shared with some other institutions or individuals. This includes credit history and other financial details.
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 broker that has been trading for over 10 years. They offer a large range of options in their client accounts.
In the following table we take the main parts of any reputable online broker and compare FXNet with lightspeed, Alfa Forex, and AxiTrader
FXNet Review - FXNet MetaTrader 4 (MT4)
MetaTrader 4 also known as MT4 is one of the top trading platforms on the planet and has been in active use on financial markets since 2005. The MetaTrader 4 software delivers a feature-rich, user-friendly interface and an extremely customisable trading environment, designed to cover all your trading needs and boost your trading performance. Charting functionality and advanced order management tools make certain you could monitor your positions quickly and economically.
The MetaTrader 4 (MT4) trading platform was developed primarily to trade Forex but you can also trade other types of financial instruments through CFDs and Spread Betting. You will not be able to trade Stocks, Indices, Commodities, ETFs, Futures on any MetaTrader 4 (MT4) platform unless they are CFD contracts or Spread bets. You will not own any underlying assets with CFDs or Spread bets as you are speculating on price movements.You can start using the MetaTrader 4 platform with FXNet in multiple formats including through an online web platform, or through a downloadable application for Windows PC's and Mac's. FXNet MetaTrader 4 is compatible with the latest macOS. FXNet allows traders to trade on mobile devices through Android and iOS devices.
Metatrader 4 Webtrader and FXNetMetaTrader 4 is the most popular trading platform in the world as most and more traders begin to trade online Metatrader 4 is available as a web based application available through your web browser. MetaTrader 4 web software provides the same easy to use performance as the desktop version using advanced charting, a highly customisable trading environment, easy to access online trading tools and many different indicators.
Trading With FXNet MetaTrader 4 On iOS Devices
You can download the FXNet app or also trade with FXNet through the MetaTrader 4 application on the Apple app store.
Download the FXNet MetaTrader 4 Program free of charge from Apple's App Store. FXNet customers have instant access to the Financial markets, with the ability to completely manage a Portfolio on the go.
Trading With FXNet MetaTrader 4 On Android Devices
Andorid mobile devices and tablets are used by millions of people globally. FXNet provides its clients access to the MetaTrader 4 platform on Android supported devices so that their 10,000+ customers can monitor the financial marketplace and trade directly from their Android-based Smartphones and tablets. The Android FXNet MetaTrader 4 Android application enables traders to make the most of multiple advanced trading features which enables them to monitor and trade quickly on the go, simply and securely.
FXNet Review - Minimum Deposit Required
The minimum deposit that you must deposit to get started on FXNet is $50. This is an adequate amount for people just beginning. It's possible to create more advanced deposits as you cooperate. However, make certain you understand how to make the most of your money before investing larger amounts.
FXNet Review - Commission And Fees Explained
FXNet is an online brokerage platform, and many online brokerages charge lower fees than traditional brokerages tend to charge. The reason for this is that the businesses of online brokerages are scaled much better. In other words, an internet broker is not necessarily affected by the number of clients they have.
But this does not necessarily 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 types of penalties for this purpose.
The first kind of charges to keep an eye out for are trading fees. Whenever you make an actual trade, like buying a stock or an ETF, you are charged trading charges. In such cases, you are spending a spread, funding rate, or even a commission. The sorts of trading fees and the rates differ from broker to broker.
Commissions can be fixed or dependent on the traded volume. On the other hand, a spread refers to the difference between the buying and selling price. Financing or overnight prices are people that are charged when you maintain a leveraged position for more than a day.
Apart from trading fees, online agents also charge non-trading fees. These are dependent on the activities you undertake in your account. They're charged for operations like depositing money, not trading for long periods, or withdrawals.
In general, FXNet doesn't charge high fees compared to other online agents. For operations other brokers fee for, they either do not charge a brokerage fee, or they charge a smaller amount. This is beneficial for people who regularly exchange, for example daily or weekly trading.
However, non-trading fees charged by FXNet are comparatively competitive. As a result, you're billed more for non-trading actions in your trading accounts, such as withdrawal and deposits. These are not about the sale and purchase of resources.
This FXNet review breaks down every one of the relevant non-trading charges for you in detail.
Compare Broker Fees Of FXNet
FXNet Review - Withdrawal Fees ExplainedFXNet doesn't charge withdrawal fees
Withdrawal of cash is possible at any moment from your FXNet account. It's possible to withdraw up sums to the amount of your account balance, keeping aside the margin utilized. 1 thing to remember is that you don't necessarily need to have any cash in your account.
Moreover, 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 into the card. FXNet will ask you to offer other withdrawal methods if your details have changed since your deposit.
There is a minimum withdrawal amount. In case you're withdrawing cash in various currencies from USD, a conversion fee is also important. The conversion fee will depend on the currency you are choosing to draw in.
FXNet Review - Inactivity Fees Explained
Understanding whether you will be charged inactivity fees is only 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 traders who have not engaged in purchasing or selling for some time. The period regarded as inactive is decided by the broker.
The inactivity fee also differs from one agent to another and is not standardized. If a traders account doesn't have a purchasing or selling trade, it is maintained by the agent as an inactivity charge. The traders have to pay this fee under conditions and terms they had agreed while enrolling.
FXNet doesn't charge inactivity fees so you are free to utilize your account as needed
Even if no fees are indicated by FXNet, it is better that you close the account if you're inactive. Inactivity fees are not just charged by brokerage companies but also many financial services.
For additional trading platforms, the inactivity fee is contingent upon the type of account you've selected. The inactivity fee is exposed to many circumstances and should be disclosed clearly by the agent beforehand.
FXNet Review - Deposit Fees Explained
When you move money in your trading account by the bank account, a deposit fee can be charged by the broker. Most agents don't charge too much money for this particular operation.
FXNet doesn't charge deposit fees so you are free to transfer smaller amounts of money in more regularly if needed
Depositing cash on the FXNet trading platform is easy. You simply have to finish a single-user profile survey to start depositing money into your trading account. You will need to provide an identity evidence and evidence of residency to deposit substantial sums.
FXNet Review - Compare Broker Deposit Methods
What Can You Trade With FXNet in 2022?
Note: FXNet provides a lot of different trading instruments due to regulatory restrictions in various countries. Trading instruments offered can 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 currency pairs.
Compare FXNet, lightspeed, Alfa Forex & AxiTrader below.
Reviewing The FXNet Mobile App
Note: FXNet's mobile app has many functions and is being constantly improved. What follows was correct at the time of compiling this FXNet review.
Understand the capabilities of the mobile apps of FXNet, lightspeed, Alfa Forex & AxiTrader below.
Trading Education Available At FXNet
Understand the trading resources available with FXNet, lightspeed, Alfa Forex & AxiTrader below.
FXNet Customer Support
For our FXNet review we looked at the customer service options including response times, and the FXNet trading platform problem solution effectiveness. FXNet provides support in a wide range of languages, including English, and Chinese.
FXNet Live Chat Support
We tested the livechat experience with FXNet, and it was very effective. We made a request through the FXNet livechat via their app and web site and received a response in less than 20 seconds. Sometimes , there was no response.
We have tested communication via FXNet support in multiple languages across multiple countries. FXNet were successful in resolving customers' issues.
FXNet Phone Support
We made a call to FXNet and the call was answered extremely promptly. We were able to have the call answered within less than 5-10 minutes.
FXNet phone support team were able to effectively address our queries and problems via phone. We tested the multi-lingual FXNet team by calling them in various languages. FXNet made efforts to ensure our queries were answered.
The overall phone support provided by FXNet was okay.
FXNet Email Support
We sent several email to FXNet and responses were generally excellent. The fastest email response time from FXNet was 4 hours and the slowest response was 12 days! Sometimes , there was no response. Support response times can vary for you with FXNet, however, we've had the experience of sending out 10 emails at various times.
The team was able to resolve and answer our queries. Average email support from FXNet was good.
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 web to find the best alternatives to FXNet. Click the hyperlinks below to find out more.
Frequently Asked Questions about FXNet
Can I try FXNet before I buy?
Yes, you can most definitely try FXNet before you buy. FXNet provides demo accounts for the ease of inexperienced traders. You can use this feature to build your faith in the system and yourself and your trading strategies.
If you sign up for a demonstration account on FXNet, you will set out with a decent amount of virtual money. It's to establish a sense of safety and confidence in you until you decide to spend your own money.
With this virtual FXNet demo account, you can experiment at all, to whatever length you wish. You can also start positions, examine different trading strategies, and more.
FXNet specifies on its official site which you can trade real time stocks in a demo account.
Is FXNet safe?
It is possible to drop all your worries since we believe that FXNet is perfectly 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 account with FXNet is $50. You should have a good understanding of 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 various payment methods at your fingertips.
You can use credit or debit cards ranging from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal is also at your disposal for depositing money. You have to keep in mind that PayPal is not available in every country. The currencies FXNet
Is my money safe with FXNet?
Yes, your cash is safe and protected with FXNet. As you already know, FXNet operates with proper conformation to. It's established plenty of measures to protect all its investors.
FXNet safeguards its customers' personal and sensitive information under SSL encryption. Your capital will be kept highly secure in top-tier banks.
If you wish to further protect your accounts, it is possible to enable Two-Step Verification as well. It takes an SMS confirmation that you get your accounts.
Is FXNet trading good?
Yes, trading through FXNet is a nice and decent experience indeed. It's a great and intuitive platform with helpful features for your simplicity. Moreover, you could also gain access to a huge collection of educational resources and assistive material to kickstart your trading expertise.
If you remain skeptical, you can start a eToro demo account and evaluate the credibility of the platform on your own.
Which Countries do FXNet support?
FXNet operates across the globe. However, due to regulations FXNet can't accept clients resident in Brazil, Republic of Korea, Islamic Republic of Iran, Iraq, Syrian Arab Republic, Japan, and United States.
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 an excellent agent, and its users may vouch for it. The highlight of this platform is its fast order execution on trades.
You'll discover the clean design of the platform and 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 among the industry leaders. It has over 10,000+ registered customers and over 10 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 simplifies this status to its incredible platform and broad selection of resources plus tools so you may 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, several traders earn a lot of cash. However, typically, through consistent trading, you can make between 2% - 10% profit a month.
This may seem to be a little number, but over the year, this adds to a substantial amount of gains. Even though FXNet supply you all the tools to earn money, they cannot guarantee that you will profit.
Does FXNet have fees?
Yes. To start trading using FXNet, you have to deposit $50. Certain commissions while trading also apply. Any processing fees from your bank will need 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 agent 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 offer guaranteed stop loss. FXNet provides a chance for its dealers to close their trades in their specified price. Aside from this, FXNet does not provide guaranteed stop loss.
Does FXNet allow scalping?Yes, FXNet do allow scalping. Many traders throughout the world choose FXNet due to their scalping services. 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 demo accounts so you can learn their systems before risking any real money. New 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 risking a live account.