FxNet Broker Reviews and Full Information

What exactly is FxNet?

FxNet is an established brokerage firm that began as an Cyprus Broker acquired over a period of 10 years in the field of financial investment as well as founded on professionalism and knowledge approach.

As an STP broker, you can trade with market Execution and also have affordable pricing, with no limitations regarding strategies while the broker maintains the highest quality of service to its customers and helping its clients.

FxNet website

10 Points Summary

Headquarters Cyprus
Regulation CySEC
Instruments Currency, Metals shares, bonds, Commodities as well as Indices.
Platforms MT4
Spread EUR/USD 2.3 Pips
Minimum deposit 50 US$
Demo Account Available
Base currencies USD, EUR, GBP
Education No extensive education, just trading data
Customer Support 24/5

Instruments of Trade

In addition to the an efficient execution, and access to the market via liquidity providers, there's the possibility of exposure to a variety of markets, including the Currencies market, Metals, Shares, Bonds, Commodities and Indices.

But, there's no complete educational resources, only data on trading, including financial calendars and news feeds and other important information. Therefore, traders who are just beginning should look for a different source of education however there are excellent opportunities to begin with FxNet and it could be a good option.

FxNet markets offering

Is FxNet legitimate or a scam?

FxNet is an Cyprus investment company thus, operates under a Cyprus's CySEC licensing that is element of European Union legislation that complies completely with MiFID directives that regulate in the EEA zone. Furthermore, FxNet serves additional entities through the offshore zone of Belize and Belize, thereby also has international exposure.

We would still advise using the Cyprus company only because of its obligations under the law and protection of complaints from clients in the event of an unfavorable scenario, or encounter using FxNet.

FxNet CySEC

Due to its strictly controlled nature, it's safe to trade on FxNet since its operating standards are established in accordance with the regulations along with protection for clients through segregation of money as well as participation in investor compensation schemes.

 

Leverage

Maximum leverage FxNet can offer is 1:500 that is only available when you trade with an offshore subsidiary of FxNet.

  • In the event that you're EU resident , you automatically be subject to a regulatory limitation which allows lower ratios to be applied to retail traders, such as 1:10 in major currencies. 1:20 in minor ones, and 1:10 in the case of commodities..

It is also dependent on your knowledge of trading Professionals who confirm their status can gain access to more favorable ratios for products that are speculative.

Also, make sure you be aware of how leverage works appropriately, as leverage could increase the risk of losing money as well , and is a unique feature in different instruments.

 

What are the FXNet Costs and fees?

There are three types of accounts that are offered by FxNet therefore, whether you're a professional or beginner, there's an one for your needs. Additionally, there is an Islamic Account offering that is suitable for people who adhere to Sharia laws. This account is also accessible for trading on a daily basis and specific conditions.

FxNet account

Fees

Spreads on FxNet are based on spreads and is determined by the type of account and account type. Standard account has slightly better ratios, with spreads begin at 2.3 Pips. VIP Account charges lower of spreads starting from 1.9 per cent.

Premium accounts come with zero spread and the commission cost of 1.2 pip per closed lot. This is a great alternative for traders with professional experience.

Check out the examples below to get a better understanding of the cost, which is regarded as an average in comparison to the industry standard Also, you might find fees from another agent such as Exness.

FxNet spread

Also, be sure to consider FxNet rolling over or overnight fee as a price that is imposed on those positions that last for longer than a day. Every instrument has a different quote for overnight positions. You can also look up some examples of swaps in the in the above table.

What payment options do FxNet provides?

The final aspect in the FxNet Review is payment methods or the method you can use to transfer funds into or out of the account. In reality, FxNet offers a truly wide variety of payment options, so you're sure to find best one for you. The options include card payments, Bank Wire, e-wallets, WebMoney, Turstly, iDeal, Przelewy24 and more.

FxNet Minimum deposit

FXNet Minimum 50USD for Standard Account. VIP accounts and Platinum will require more deposits of 10k$ and 25k$, respectively, with the reverse offering additional benefits to those who have it.

FxNet minimal deposit, vs other brokers

  FxNet Many Other Brokers
Minimum Deposit $50 $500

FxNet withdrawal

FxNet withdrawal methods come with specific charges that are considered to be payments provider fees. Also, when depositing or withdrawing funds, make sure you check for fees that are required,some examples of fees can be seen above. for more options, consult the customer service department or visit brokers on their site.

FxNet funding methods

Trading Platforms

In terms of the trading platforms, FxNet made a decision to stick with MetaTrader4 the industry's leading application which is the most well-known and popular platform. MT4 is accessible through a range of apps that allow traders access to trading on any device. This means you can be in control at any moment.

FxNet platform

Furthermore, FxNet does not restrict the use of certain strategies, and it is possible to apply the trading strategy you want, whether manual or automated by using EAs. MetaTrader is well-known for its powerful charting capabilities and a variety of options to enhance analysis of trading in addition to the execution of trades.

Furthermore, FxNet added extra benefit by providing a well-managed and controlled access to markets through the use of a number of liquidity providers, as well as price competition that we will go over in more detail.

 

Conclusion

Conclusion FxNet Review we admit the flexibility of trading that includes leverage, the option of choosing between accounts, the guarantee of rules, and diverse assets to trade. The cost of trading is considered the most common brokers, while professional traders can increase their strategy using raw spreads and commissions per cost. Overall, a trader of any size and portfolio might be able to find a way to use FxNet.

Summary
Properties Values
Name
FxNet
Minimum Diposit
$ 25
Leverage
500:1
Regulation
CySEC (Cyprus),,,
Headquarters
Cyprus
Established
2012
Address
Agios Athanasios Avenue, 58-60 EL Greco Building, 202 4102, Limassol, Cyprus
Platform
MT4,MT4 WebTerminal,MT4 Android,MT4 iOS,,,
Payment Method
Visa,Mastercard,Credit Card,Wire,Skrill,Neteller,,,
Overview
Properties Values
Spreads
Variable
Min Position size
0.01
Broker Type
STP (Straight Through Processing),,,,,
Account Type
Cent account,Mini account,Fixed Spread,Scalping,High Leverage,Standard,,,
Brokers by Country
Cyprus Forex Brokers,,,
Techniques
Scalping Forex Brokers,Hedging Forex Brokers,Automated Trading Brokers,Mobile Trading Brokers,,,
Instruments
Stock Trading Broke,Commodity Forex Brokers,Indexes Trading Brokers,,,
Account currency
USD,EUR,GBP,AUD,JPY,CHF,,USD,,USD,
Tools
Charting Software,,,
Website Languages
en,,,
Support languages
en,,,
Bonus
Yes
Reviews Rating
3.2
Withdrawal Fee
No
Trading Signals
No
Free Education
Yes
Daily News
Yes
Demo account
Yes
Swapsr
Yes
Pors
None
Cors
None
Display Analysis
Yes
Serving country
CY,,,
Not Serving country
US,,,
Contests
No
Market analysis
Yes
Copy Trading Brokers
No
Bitcoin Forex Brokers
No
Social trading
No
Web trading
Yes
Forex pairs
Yes
CFDs
Yes
Crypto
No
Hedging
Yes
PAMM
Myfxbook Auto trade,Mql5 signals,,,
Mobile Trading
Yes
Scalping
Yes
Automated Trading
Yes
Partnership Programs
Yes
Free Phone
+357 25 108111
Customer Support
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