FxNet is a Multi-Assets Trading Platform with over 100+ Assets
FxNet trades in multiple financial asset types. A financial asset is any security or asset that has financial value attached, tangible or intangible. This means that Forex are considered financial assets.
Features of FxNet
- Virtual Portfolio, or what is commonly known as a Demo Account
- Trailing Stops
- TakeProfit Orders
- FxNet offers Advanced Financial Chart comparison tools
- FxNet offers Research-backed analysis on financial markets and investments from top analysts
- The FxNet platform is available to use on multiple devices including iOS devices like iPhones and iPads, Android devices and online through a Web Browser.
- FxNet offers an easy to use trading platform with tools for both New Traders and Seasoned Experts
- FxNet users benefit from using the FxNet platform in over 14 different languages
What you should know
FxNet offer one way to trade: Forex. The assets and products available to you on the FxNet trading platform depends on the region of the world, you are in and the FxNet entity you have an account.
FxNet are able to accommodate various levels of traders whether you are experienced or a beginner.
Are FxNet safe?
When considering FxNet for your trading activities, its financial regulatory status in your region is crucial. One of the primary considerations when evaluating a broker, such as FxNet, is to assess the broker's regulatory status and administrative body. Brokers operating without supervision from a regulatory authority are free to make their own rules, which may pose a risk to investors. Any capital you invest is at risk.
Established in 2012, and in operation for 11 years FxNet have a head office in Cyprus.
FxNet is regulated. This means FxNet are supervised by and is checked for conduct by the Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) regulatory bodies.
FxNet withdrawal requests will be honoured. Brokers that operate under the supervision of regulatory authorities like FxNet are subject to strict guidelines that prohibit them from manipulating market prices to their advantage. Regulatory oversight ensures brokers operate with integrity, fairness, and transparency, safeguarding investors' deposits. FxNet are held accountable for their actions and may face severe consequences if they violate any financial regulations. If you are a client of FxNet and wish to withdraw funds from your account, you can rest assured that your request will be processed promptly. FxNet has a reputation for efficient and reliable fund transfers, and they take great care to ensure that your money is safe and secure. When you submit a withdrawal request, FxNet will verify your account details and process the payment within the stipulated timeframe, usually within a few business days. By partnering with a trustworthy broker like FxNet, you can enjoy peace of mind and focus on your trading activities without worrying about the safety of your funds. If FxNet violate any regulatory rules their regulated status could be stripped.
Your capital is at risk
Is my money safe with FxNet?
All payments made to FxNet by traders are securely held in a segregated bank account.
FxNet uses Tier 1 banks for increased security. These banks are deemed the most reliable for client capital due to their strong core capital reserves and ability to withstand losses.
What are Tier 1 banks and why should FxNet use them?
FxNet partnering with Tier 1 banks offers reliability, efficient payment processing, reduced counterparty risks, and better protection for client funds. These banks are the most financially stable and secure institutions globally, with robust financial strength and high-quality risk management practices. They hold substantial core capital reserves, making them capable of handling unexpected losses and market volatility without endangering their FxNet clients' funds.
FxNet clients can have greater confidence in their financial security when working with a Tier 1 bank because FxNet are subject to strict regulatory oversight and must adhere to stringent guidelines to maintain its Tier 1 status.
What does it mean to have your funds in FxNet deposited in a Tier 1 bank?
Depositing funds with FxNet ensures that your money is held in a secure bank account with sufficient capital to meet your withdrawal requirements, even if FxNet were to go out of business unexpectedly.
Based on the information presented, it is safe to conclude that FxNet is a secure and safe platform.
Please be aware that trading in financial assets with FxNet carries a risk of loss. FxNet trading risk can occur due to inadequate market research, lack of experience, or failure to use the platform tools. It is common to experience rapid losses when trading financial investments like Forex due to market volatility. Therefore, you should only risk trading when you understand that your capital is at risk at any time.
FxNet emphasizes this risk on its platform and provides clear risk warnings - Your capital is at risk. After answering some important questions about FxNet, let's closely examine its features.
To better understand the FxNet trading platform, you can create two separate accounts - one with real money and the other a FxNet demo account. A FxNet demo account provides a risk-free environment for experimenting with the FxNet platform's features and trading strategies before risking your actual funds. This approach can help you gain experience and confidence in FxNet trading decisions.
Full disclosure: We may receive a commission if you sign up with a broker using one of our links.
How FxNet as a Company Compare Against Other Brokers
|Head Office||Cyprus||Australia||Belize||Cyprus, UK|
|Regulation||Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC)||Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)||RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund||FCA (Financial Conduct Authority) Etoro (Europe) Limited FCA reference 523775, eToro (UK) Ltd FCA reference 583263, ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), MiFID (Markets In Financial Instruments Directive), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076|
|Used By||10,000+ FxNet users||180,000+ IC Markets users||1,000,000+ Roboforex users||30,000,000+ eToro users|
|Negative balance protection||Yes||Yes||Yes||Yes|
|Guaranteed Stop Loss||No||No||No||No|
|Learn More||Visit FxNet||Visit IC Markets||Visit Roboforex||Visit eToro|
|Risk Warning||Your capital is at risk||Losses can exceed deposits||Losses can exceed deposits||74% of retail investor accounts lose money when trading CFDs with this provider.|
FxNet Pros and Cons
What we like about FxNet
- Used by over 10,000 FxNet users and traders
- Established in 2012
- Regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC)
- Min. deposit from $50
FxNet Regulation and Licensing in more detail
FxNet is regulated by trusted organizations, providing recourse for any issues. Regulatory bodies protect traders through reimbursement schemes in case of FxNet going into insolvency. FxNet compliance with rules and criteria set by regulatory authorities is mandatory for brokerage firms like FxNet to maintain licenses and operate in certain jurisdictions. Financial regulation and licensing are crucial for creating a secure trading environment for FxNet traders.
FxNet is regulated, governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the brokers' behaviour, and they will take necessary action if things go wrong. Before trading online with a broker like FxNet you should be sure they're legitimate online agent.
Is FxNet Global?
Yes, FxNet is global as FxNet is available in over 190 countries.
FxNet is a global trading platform in the sense that it operates in 190 countries including nations in Africa, Asia, Oceania, and Europe. Major countries FxNet covers include the UK, Germany, South Africa, Thailand, China and Australia. FxNet has a total of more than 10,000 users.
FxNet Fees Explained
- FxNet withdrawal fees varies on payment method
- FxNet does not charge a fee for inactive accounts.
- FxNet does charge deposit fees.
FxNet Costs To Check
Modern brokers like FxNet provide advanced online trading platforms, mobile apps, financial analysis tools and educational resources. These services require significant investment, and in turn, FxNet may charge clients various fees for trading activities. Be mindful of these charges, impacting your overall FxNet trading profitability.
How FxNet Fees Compare Against Other Brokers
|CFD Commission Fees||Yes||Yes||No||Yes|
FxNet Minimum Deposit
FxNet requires a minimum deposit of 50 GBP/USD/EUR when opening an FxNet trading account.
A minimum deposit is the minimum amount of money required by FxNet to open a new online brokerage account with them.
Don't be scared off by brokers like FxNet charging a minimum deposit to open a trading account. Brokers charging higher minimum deposits may offer additional premium services on their platforms that are not free on other platforms.
In the trading world, brokers like FxNet, have different minimum deposit requirements based on the target audience they are trying to attract. Brokers with lower minimum deposit requirements typically cater to a more mainstream audience who don't require advanced research tools or features. On the other hand, brokers that require a larger minimum deposit often provide a greater range of trading features, more in-depth technical analysis, research tools, and better risk management features.
Some brokers may waive the minimum deposit requirement to attract new customers but may compensate for it by charging higher transaction commissions and trading fees. As the online trading market becomes more competitive, brokers have reduced their minimum deposit requirements to attract new clients.
However, it's important to note that depending on your trading account type, some brokers may require a higher minimum deposit of up to 10,000 GBP/USD. Therefore, it's essential to research and compares different brokers to determine which best suits your trading needs and budget.
FxNet Withdrawal Fees
The fees for withdrawing funds from your FxNet account will differ depending on your chosen payment method. Reviewing the fees associated with each payment method before making your FxNet withdrawal request is important.
FxNet Withdrawal rules may vary across different brokers when it comes to transferring funds from your FxNet or other broker trading account. Each brokerage firm has its specific withdrawal methods. The payment provider associated with FxNet may have different transfer processing fees and processing times, affecting how long it takes to receive your funds.
In addition, currency conversion fees may apply if the FxNet withdrawal and receiving currencies differ, adding to the overall transaction costs. The currency conversion fee depends on your base currency, receiving currency, and the 3rd party payment provider that is separate from FxNet. Researching and comparing FxNet withdrawal policies and fees across different brokers is essential before choosing one, especially if you are withdrawing FxNet funds frequently or dealing with large sums of money. Awareness of these FxNet fees and policies can help you plan and budget accordingly and avoid any unpleasant surprises when transferring your FxNet funds.
For example, FxNet allows you to withdraw your funds to Credit cards, Bank Transfer, Neteller, WebMoney, UnionPay, QIWI, Debit cards, .
FxNet Inactivity Fees
FxNet does not charge a fee for inactive accounts.
When a trading account goes unused for a certain period, brokerage clients may be charged an account inactivity fee. To avoid such fees, clients may need to fulfill specific trading activity requirements outlined by FxNet terms and conditions. It's important to note that inactivity fees are not unique to online trading accounts, as many financial service companies may also charge them.
Make sure you're fully aware of all FxNet fees and services. It's recommended that you check the FxNet website before signing up. If you decide to close your FxNet account, it's important to do so with the FxNet broker customer support and obtain confirmation that no remaining FxNet fees are due.
Brokers like FxNet must disclose any inactivity fees as part of their regulations. The type of account and broker you sign up for, will determine whether or not you can be charged an inactivity fee under certain circumstances.
Certain brokers may levy inactivity fees to recoup the expenses associated with sustaining your account on their trading platforms when there is a shortage of commission fees earned from your trading activities.
FxNet Deposit Fees
FxNet do charge deposit fees.
Reviewing deposit fees before initiating a transaction is imperative, as certain brokers might impose a charge for depositing funds from your payment method to your trading account. The payment method employed for funding your account might also incur a fee.
Depositing funds into your trading account may incur a fee, which could vary depending on the fiat currency used. For instance, depositing funds from a credit card can attract high fees. Additionally, not all brokers accept credit card payments for account funding. It's crucial to review the funding options and associated fees the broker provides before depositing any funds.
FxNet Commission Fees
FxNet does charge commission on CFD instruments.
Brokerage firms like FxNet may charge commission fees as compensation for executing trades on behalf of traders on their trading platforms. Commission fees can vary depending on the type of financial asset being traded and the FxNet trading account level held by the trader.
FxNet may charge commission fees for fulfilling, modifying, or canceling an order on behalf of its clients. However, if a market order is not fulfilled, no commission fee is usually charged. Reviewing FxNet terms and conditions to understand the commission fees and any other charges that may apply is essential.
What can you trade with FxNet?
It's essential to note that the trading instruments offered under the FxNet brand may vary depending on the customer account holder and country of residence due to regulatory restrictions. Besides, the trading platform the customer selects may also impact the available trading instruments. Therefore, before trading, verify the FxNet trading instruments available and the regulations governing them based on your account holder, location, and chosen platform.
You can trade a wide variety of instruments with FxNet over 100 instruments in fact.
If you want to trade currency pairs on global Forex markets, FxNet offer over 15 currency pairs.
FxNet Compared To Other Brokers
How FxNet Trading Options Compare Against Other Brokers
|Platforms||MT4, Web Trader, Tablet & Mobile apps||MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android||MT4, MT5, Mac, Web Trader, Tablet & Mobile apps||Web Trader, Tablet & Mobile apps|
|FX / Currencies|
|Forex pairs offered||15||61||35||50|
|Major Forex pairs||Yes||Yes||Yes||Yes|
|Minor Forex pairs||Yes||Yes||Yes|
|Exotic Forex pairs||Yes||Yes||Yes|
|Cryptocurrencies (availability subject to regulation)||No||Yes||No||Yes|
|Indiced & Stock CFDs|
Your capital is at risk
Visit IC Markets
Losses can exceed deposits
Losses can exceed deposits
74% of retail investor accounts lose money when trading CFDs with this provider.
Trading on FxNet web platforms and other applications
FxNet offer the popular MT4 forex trading platform. To see a list of the top MT4 brokers, see our comparison of MT4 brokers.
FxNet also offer mobile apps for Android and iOS trading apps help you stay on top of your trades and execute them on the go.See FxNet's platforms
Is the FxNet Trading Platform Secure?
You should take the security of your personal information seriously and check SSL encryption is enabled on the FxNet trading platform to protect you on PC and mobile FxNet platforms. To further enhance security, we encourage traders to always look for the lock sign on their browser when using FxNet web trading platforms.
FxNet Trading Platform Options
After logging into your FxNet account, you'll find a range of trading platform options available below.
- MetaTrader 4 (MT4)
Please be aware that FxNet does not currently support the MetaTrader 5 (MT5) trading platform. However, if you're looking for a broker that does offer MT5, you can check out our list of recommended brokers available through the provided link.
FxNet does not support the cTrader trading platform. However, if you're looking for a broker that does offer cTrader, you can explore other options available through the provided link.
Let's explore each of these trading platforms in detail and what options FxNet gives you.
FxNet MetaTrader 4 (MT4)
FxNet MetaTrader 4 (MT4) In Detail
MetaTrader 4, commonly known as MT4, has been a well-known and widely used trading platform in the financial markets since its inception in 2005. MT4 on FxNet offers traders comprehensive features and tools to enhance their trading performance. The FxNet MT4 user-friendly interface and highly customizable trading environment allow traders to tailor the FxNet platform to their needs. One of the standout features of MT4 is its charting functionality, which allows FxNet traders to analyze price movements and make informed trading decisions. Additionally, advanced order management tools give FxNet traders greater control over their trades, allowing them to manage risk better and optimize their trading strategies on the MT4 FxNet trading platform.
MetaTrader 4 (MT4) was created mainly for Forex trading, but it can also facilitate the trading of other financial instruments via CFDs and Spread Betting. You cannot trade real assets like stocks, shares, commodities, indices and ETF's on the FxNet MetaTrader 4 (MT4) trading platform. MT4 is a platform available with FxNet, that facilitates trading financial instruments in the form of CFD contracts or Spread bets. The FxNet MT4 platform does not provide access to physical assets such as stocks, commodities, or ETFs for trading. FxNet allows trading CFDs and Spread bets, which do not involve owning underlying assets but speculating on price movements, using high risk leverage. To gain more information about the MT4 Platform, click here.
You can start using the MetaTrader 4 platform with FxNet in multiple formats including through an online web platform, Through a downloadable application for Windows PCs and Apple Macintosh computers. FxNet MetaTrader 4 is compatible with the latest macOS. FxNet allows traders to trade on mobile devices through Android and iOS devices like the iPhone.
Metatrader 4 Webtrader on FxNet
MetaTrader 4 (MT4) is a widely used trading platform in the world, offering a range of advanced tools and features. Recently, MT4 has been made available as a web-based application through a web browser, enabling traders to access the platform from anywhere.
The web version of MT4 provides the same user-friendly interface and customizable trading environment as the desktop version. With MT4 web, traders can access advanced charting tools, online trading indicators, and a Dealing Desk-free trading environment.
Additionally, traders can enjoy Raw Pricing without any intervention from brokers. Overall, MT4 web is a convenient and efficient way for traders to access the platform and manage their trades.
Trade FxNet MetaTrader 4 on iOS Devices
You can download the FxNet app or trade with FxNet through the MetaTrader 4 application on the Apple app store.
Download the Metaquotes MetaTrader 4 Program free of charge from Apple's App Store. FxNet customers have instant access to the financial market and can completely manage a Portfolio on the go.
Trade FxNet MetaTrader 4 on Android Devices
Millions of people worldwide use Android mobile devices and tablets, and FxNet offers its clients access to the MetaTrader 4 platform on these devices. With the FxNet MetaTrader 4 Android application, traders can monitor the financial markets and execute trades directly from their Android-based smartphones and tablets. This app provides access to a range of advanced trading features, allowing FxNet traders to stay on top of their trades and react quickly to changes in the market. With the FxNet MetaTrader 4 Android app, traders can securely manage their trades on the go, making it a convenient and efficient way to stay connected to the market.
Trade FxNet MetaTrader 4 Trading Central
Trading Centrals Alpha Generation Indicators available on FxNet are a powerful bundle of three major indicators designed to help traders make informed decisions. FxNet MT4 Trading Central indicators include:
- Analyst Perspectives - A valuable resource for traders seeking leadership insights and key levels.
- Adaptive Candlesticks - This indicator is capable of identifying chart patterns that highlight significant changes in demand and supply.
- Adaptive Divergence Convergence (ADC) - Similar to MACD, but with greater utility at shorter lengths, this indicator provides more timely signals.
Trading Centrals Alpha Generation Indicators can help FxNet traders better understand market trends and patterns, enabling them to make more informed trading decisions. These indicators can provide valuable insights into market movements, allowing FxNet traders to potentially stay one step ahead.
FxNet MetaTrader 4 Advanced Trading Tools
The FxNet MetaTrader 4 trading platform has advanced tools that enhance the overall trading experience and give FxNet traders detailed market tools. With feature-rich trade execution and management programs, sophisticated notification alarms, messaging facilities, innovative market data, and more, FxNet provides traders with everything they need to succeed. The FxNet MT4 platform also includes a range of technical analysis tools, with 30 indicators built in, 2000 plus free indicators, and the availability of paid indicators, allowing FxNet traders to analyze the market at any level of complexity.
Trade FxNet MetaTrader 4 MultiTerminal
MetaTrader 4 MultiTerminal offers traders an intuitive and user-friendly dashboard to manage and monitor multiple trading accounts. This powerful tool allows traders to oversee over 128 accounts simultaneously, enabling them to place market and pending orders, view real-time market prices, and track all accounts and equity in real-time.
It's important to note that MultiTerminal only supports trading accounts on the same MetaTrader server and doesn't allow automated trading scripts such as Expert Advisors.
This tool is ideal for traders who manage several accounts simultaneously and require a more efficient and effective way to track and execute trades. You can have up to 10 demo accounts on MetaTrader 4 MultiTerminal.
FxNet MetaTrader 4 AutoChartist
Autochartist on the FxNet platform is a powerful tool designed to help traders find trading opportunities quickly and easily.
Available for FxNet MetaTrader 4 Autochartist can scan the market using an expert advisor script.
With Autochartist, FxNet traders can scan multiple markets and timeframes from a single graph, making it easy to keep track of all their preferred symbols without launching multiple graphs. Using Autochartist can save FxNet users time and makes the trading process more efficient.
The Autochartist interface is user-friendly and can be customized to suit individual trading preferences. FxNet traders can navigate the platform and find the information they need to make informed trading decisions.
FxNet Autochartist is a valuable tool for traders who want to stay ahead of the curve and identify trading opportunities quickly and easily. With its powerful features and easy-to-use interface, Autochartist is an essential tool for FxNet traders of all experience levels.
FxNet Trading benefits
- FxNet Allows scalping
- FxNet Allows hedging
- FxNet Offers STP
- FxNet Low min deposit
- FxNet Offers Negative Balance Protection
FxNet Trading Accounts Offered
Below we give an overview of the account types that FxNet offer. Whatever you are looking to trade, the varying FxNet account types will be able to provide you with what you need.
- FxNet Demo account
- FxNet Mini account
- FxNet Standard account
- FxNet Zero spread account
- FxNet ECN account
- FxNet STP account
- FxNet Managed account
- FxNet Islamic account
Can I try FxNet?
FxNet provides a demo account that enables individuals to explore trading before investing their funds. By creating a FxNet practice account, users can gain experience and knowledge of how to trade effectively. Demo trading accounts like the FxNet demo account can help individuals to make informed decisions before investing their money.
Your capital is at risk
FxNet withdrawal and funding methods
It's essential to remember that the payment methods provided by FxNet vary based on the FxNet entity and the FxNet client's country of residence. To view the FxNet payment options available, you can log into your FxNet member's area.
FxNet offers various funding payment methods listed in your FxNet dashboard if available in your region. To learn more about the FxNet funding and withdrawal options available in your area, you can explore the FxNet website.FxNet provides several payment methods for funding your FxNet account. You may utilize any of these deposit options if they are available in your region. FxNet ensures that users have multiple payment methods to choose from, making it more convenient for verified FxNet account holders to add funds to their accounts. However, it's important to note that the availability of payment methods may vary depending on the FxNet user's location. learn more about FxNet funding and withdrawal methods.
FxNet Payment MethodsSome FxNet payment methods are local and are available only to specific regions. FxNet account holders should check which payment methods are provided in your region.
- FxNet accepts Credit cards
- FxNet accepts Bank Transfer
- FxNet accepts Neteller
- FxNet accepts WebMoney
- FxNet accepts UnionPay
- FxNet accepts QIWI
- FxNet accepts Debit cards
How can I start trading with FxNet?
To open a trading account with FxNet, individuals can sign up on the FxNet website. Upon completing the signup process, users will receive login details via email, which they can use to access their accounts.
The next step involves submitting identification documents for FxNet account validation and making a deposit. Once completed, FxNet users can download the trading platform of their choice.
It's important to note that FxNet requires users to provide essential documentation to verify their identity during onboarding and routine KYC identity checks. These checks are a standard practice that helps FxNet maintain a trustworthy financial environment for its 10,000 users. Detailed information on the FxNet trading platforms is available on their website.
Your capital is at risk
Performing trades with FxNet
When using FxNet, the minimum trade size is typically 0.01 Lot units of the base currency of the instrument being traded. However, this amount may vary based on the specific account a user has opened. The maximum trade requirements on eToro can vary depending on the specific trader and instrument being traded. With the ECN and STP execution methods offered by the platform, traders using FxNet can enjoy tighter spreads and greater transparency when it comes to the pricing of their trades.
One of the FxNet platforms notable features is its claim of having no requotes, which means traders need not be concerned about slippage when executing trades (i.e., trades being executed at a price different from the intended price). No requotes can provide FxNet traders with greater confidence and peace of mind when trading on the FxNet platform. It's worth noting, however, that other factors, such as market volatility and liquidity, can still affect the execution of FxNet trades.
Like other brokers, FxNet margin requirements can differ depending on the traded instrument.
FxNet offers traders several risk management tools and features, such as Technical analysis, Fundamental analysis, Diversification of portfolio, Negative Balance Protection, Stop losses (with trailing stop loss orders), Position sizing techniques, Price alerts, Position sizing techniques, Limit orders, Hedging strategies, amonst others. You can learn more about FxNet, and see all of the FxNet account features on the official FxNet website.
CFD Trading on FxNet
We will show you an example of the basics of using FxNet leverage.
CFD trading on FxNet allows traders to speculate on the price movements of various financial instruments against the broker FxNet, without actually owning real assets. With CFDs, FxNet traders can profit from upward and downward price movements by going long (buying) or short (selling) on an asset.
FxNet provides CFDs which are leveraged products. For this example, let's assume a ten times leverage. So, if you have a $10,000 position, you only need to tie up $1,000 or a tenth of the value in your account. With high-risk leverage, a small sum controls a much bigger financial position.
The effect of leverage on profits and losses magnifies them in both directions. In other words, FxNet leverage profits and losses are magnified when trading. For instance, using CFDs, you use the FxNet trading platform to buy/sell $10,000 worth of Apple Computer Inc. If the stock rises by 10% due to positive results, your position is now worth $11,000, representing a $1,000 or 10% increase in value. This CFD trade has a 100% increase in the funds initially committed.
On the other hand, if Apple Computer Inc falls by 10%, your position worth $10,000 is now worth only $9,000, representing a $1,000 decrease. Therefore, FxNet leverage magnifies both profits and losses in trading.
Trading CFD trades on the FxNet platform can provide more flexibility than traditional market trades, allowing access to CFD fractional shares, international markets, and short selling. They are commonly used for short to medium-term trades, such as intraday CFD trading, but are high-risk due to their separation from the financial markets.
Experienced FxNet traders can trade high risk CFD trades to hedge items in their portfolio.
Always be aware that CFDs are complex instruments with a high risk of losing money rapidly due to leverage. Your capital is at risk
Limiting Your Risk When Trading with FxNet Negative Balance Protection
Negative balance protection is important for traders using leverage on platforms like FxNet. In an unfavourable market move, leverage can result in a loss that exceeds the trader's account balance, leaving them with a negative account balance. If a FxNet trading position does not go in your favour, this is where negative balance protection comes in handy.
Brokers regulated by the Financial Conduct Authority (FCA) must offer negative balance protection as a standard feature. With negative balance protection, FxNet trading losses are always limited to the current balance of funds in the trader's account.
It's important for FxNet traders to understand the potential risks of trading with leverage and to take advantage of features like negative balance protection to mitigate those risks. By doing so, traders can trade with peace of mind, knowing that FxNet losses are limited to the funds available in your FxNet account when negative balance protection is in place.
Limit Risk When Trading with FxNet Stop Loss, FxNet Stop Limit Orders
Stop-loss orders are a popular risk management tool traders use on platforms such as FxNet . By setting a specific price point for buying or selling a security, traders can limit their potential losses on a position.
Stop-loss orders are especially important for FxNet traders not hedging their positions or using leverage, as they can be more vulnerable to significant losses. However, the circumstances in which an FxNet trader should use a stop-loss order can vary depending on the specific trade and market conditions.
Overall, stop-loss orders can provide FxNet traders with an effective way to manage risk and protect their investments in volatile markets.
Education Resources at FxNet
To trade effectively with FxNet, it's important to have a good understanding of the FxNet trading tools and the markets. Make sure you make full use of all education tools. Including educational tools with FxNet and externally.
FxNet . It's essential to take the time to learn about the financial markets and understand how they move before diving into trading with FxNet. Familiarizing yourself with the FxNet trading platform is crucial to use it effectively.
While learning, you can also use global trading times to practice making live buy or sell trades using FxNet. This hands-on experience can help you gain confidence and become more comfortable with trading.
Furthermore, learning how to mitigate and manage investment risk is crucial. Trading with FxNet involves developing a strategy considering risk management techniques such as stop-loss orders, diversification, and position sizing. By effectively managing risk, you can increase your chances of success in the markets.
Learning about the financial markets, trading platforms like FxNet, and risk management techniques can help you become a more confident and successful trader.
While it may be a new skill set for some, it is what the market requires for success. Developing your trading skills with FxNet, before live trading.
Customer Support at FxNet
As part of our FxNet review, we review customer service options, response times and problem resolution effectiveness on the FxNet trading platform. The FxNet trading platform supports multiple languages, which includes Arabic, Chinese, Croatian, Czech,English,Greek,Hungarian.Japanese,Persian,Polish, Romanian,Russian,Slovak,Spanish,Vietnamese.
FxNet Available Support Types
FxNet has a triple AAA grade support and customer service rating because they offer various range of languages, live chat, and email support.
FxNet customer service supports multiple languages from all over the world. Having a broker that can hire people from various locations worldwide who can better communicate with you in your local language is a huge advantage when dealing with issues.
Your customer service experience with FxNet has to be positive for you to effectively trade the financial markets on the FxNet platform. FxNet should answer all of your questions and your FxNet platform issues are solved. When an FxNet customer has any queries regarding FxNet, the FxNet customer support team should take these issues seriously and offer a quick and effective solution. FxNet has a great client support team, so we have rated their customer service highly.
Livechat Support at FxNet
We experienced fast and responsive support from FxNet
At FxNet, customer support is a top priority. We put their live chat to the test, reaching out through both their app and website. We were pleasantly surprised to receive a response within three minutes. Don't take our word for it. Test the chat service yourself. A responsive chat service from FxNet should be a positive support experience for all FxNet users, saving you from waiting days for an email response.
We also tested communicating with FxNet support in various languages and countries. The FxNet help centre quickly resolved our customer issues.
Email Support at FxNet
As part of our review process, we wanted to test the email support offered by FxNet. We sent 25 emails at different times and were impressed with the response times. We received the fastest response in less than 2 minutes, and the slowest response was 3 hours. While your experience may vary, our testing shows FxNet has excellent email support overall.
The support team quickly and efficiently resolved all of our queries. Overall, we were very satisfied with the email support provided by FxNet. If you're looking for a broker with reliable email support, FxNet is worth considering.
Phone Support at FxNet
Our experience with FxNet phone support was positive. When we called, the team answered our call promptly, in less than a minute.
During the call, we tested the multilingual FxNet team by speaking in different languages, and they made an effort to answer our queries in each language.
The phone support team successfully resolved our questions and issues over the phone. Overall, we found the phone support from FxNet good.
See how FxNet Support Compares Against Other Brokers
|Languages||Arabic, Chinese, Croatian, Czech,English,Greek,Hungarian.Japanese,Persian,Polish, Romanian,Russian,Slovak,Spanish,Vietnamese||English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more||English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian||English, German, Spanish, French, Italian|
|Learn More||Visit FxNet||Visit IC Markets||Visit Roboforex||Visit eToro|
|Risk Warning||Your capital is at risk||Losses can exceed deposits||Losses can exceed deposits||74% of retail investor accounts lose money when trading CFDs with this provider.|
What you will need to open an account with FxNet
As FxNet is regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC).
As a new client of FxNet, you will be required to pass a few basic compliance checks to ensure that you fully understand the risks involved in trading and are permitted to trade with FxNet in your region. During the FxNet account opening process, you will be asked to provide FxNet with certain documents, including a scanned copy of your passport, driving license or national ID, as well as a utility bill or bank statement from the past three months to verify your address.
When registering with FxNet have the following documents available.
- FxNet require a scanned colour copy of your passport, driver's license or national ID card.
- A recent utility bill or bank statement that confirms your residential address for FxNet compliance. This must be dated within the last six months.
- If you plan to fund your FxNet account using a credit or debit card, you will need to provide a scanned copy of the front and back of your card. You can mask any sensitive information like the CVV code on the FxNet platform.
It's worth noting that the expiration date of the proof of address document may differ for different entities under FxNet Brand. Additionally, you will need to answer some basic compliance questions to confirm your level of trading experience. This process usually takes around 5 minutes, and once you've passed compliance, you can start exploring FxNet's platform.
However, remember that you won't be able to make trades on FxNet until you have passed compliance, which may take several days, depending on your circumstances. It's essential to complete the FxNet KYC compliance process as soon as possible to avoid any delays in accessing the FxNet platform's features.
It is important to note that FxNet may request additional documents or information to verify your identity or comply with regulations. The account opening process usually takes a few minutes to complete, and you can start exploring the FxNet platform and features immediately. However, you must pass the verification process to start live trading with FxNet, which can take up to a few business days.
To start the process of opening an account with FxNet you can visit the FxNet trading platform here.
Your capital is at risk
You should consider whether you can afford to take the high risk of losing your money.
CFDs are leveraged products and can result in significant losses, excess of your invested capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered investment advice. All information collected from https://www.fxnet.com/ on September 19, 2023.
Is FxNet A Good Broker?
We have spent over 5 years examining FxNet in depth. Although we found some very useful aspects of the FxNet platform that would be useful to some traders. We feel that a alternative to FxNet may better suit you.
- FxNet have a good track record of offering Forex.
- FxNet has a history of over 11 years.
- FxNet has a reasonable sized customer support of at least 10.
- FxNet are regulated by the Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC). FxNet is subject to strict regulatory oversight from its respective jurisdiction, which holds FxNet (the broker) accountable for misconduct. This regulatory framework helps ensure that FxNet operates fairly and transparently and provides FxNet customers with a safe and secure trading environment. In any disputes, the regulatory body may also act as an arbitrator to help resolve issue between you and FxNet.
- FxNet have regulation from reputable regulators.
- One of the advantages of using FxNet is the quick processing time for deposits and withdrawals, which typically takes only 2 to 3 days. Fast withdrawals from FxNet are particularly important as FxNet traders want to receive their money quickly. With the efficient FxNet payment processing system, traders can enjoy faster access to their FxNet funds.
- FxNet have an international presence in multiple countries. Including local FxNet seminars and training.
- FxNet can hire people from various locations in the world who can better communicate in your local language.
FxNet Risk Disclosure
Your capital is at risk
Trading Risk Disclaimer
Trading financial instruments such as cryptocurrency and foreign currency markets involves high risk and is unsuitable for everyone. When trading on leverage, the potential for loss is significantly higher than when dealing with just your funds. Risky trading leverage allows you to control larger positions with less capital, increasing both the potential for profit and loss.
You will be exposed to a high risk of loss regarding leverage and margin-based trading.
Furthermore, some off-exchange financial instruments and derivatives may offer varying leverage levels and may not be subject to the same regulatory protections as exchange-traded instruments. As a result, they may be subject to higher levels of market volatility and carry a higher degree of risk.
It is important to note that no investment product, technique, or strategy can guarantee profits, and past performance does not necessarily indicate future results. Any investment involves the possibility of financial loss, and it is important to carefully consider your investment objectives, risk tolerance, and financial situation before making any investment decisions.
Trading financial instruments is a high-risk activity that requires careful consideration and risk management. It is important to be aware of the potential for loss and to only invest what you can afford to lose.
FxNet not quite right?
If after reading this FxNet review, FxNet does not fulfill your needs check out these FxNet Alternatives.
We have spent years researching the best alternatives to FxNet. Click the links below to learn more.
After extensive research over several years, we have compiled a list of the most effective FxNet alternatives available today. If you are unsatisfied with FxNet or want to explore other options, we recommend checking out our carefully curated list of highly-rated FxNet alternatives. Follow the links below to learn more about these FxNet broker alternatives and choose the one that best suits your trading needs.
- IC Markets Review
- Roboforex Review
- eToro Review
- XM Review
- XTB Review
- AvaTrade Review
- Pepperstone Review
- NordFX Review
- Trading 212 Review
- FP Markets Review
- easyMarkets Review
- SpreadEx Review
- FxPro Review
- Plus500 Review
- Admiral Markets Review
- ThinkMarkets Review
- FXPrimus Review
- ForexMart Review
- Eightcap Review
- ForTrade Review
- Interactive Brokers Review
- Forex.com Review
- IG Review
- Robinhood Review
- Coinbase Review
- Binance Review
- ETX Capital Review
- Core Spreads Review
Related FxNet Vs Comparisons
Throughout our comprehensive FxNet review, we have covered a lot of ground and provided an in-depth analysis of the platform's features and functionality.
If you're interested in comparing FxNet against other popular brokers in the industry, check out our FxNet Vs pages. Our team has compiled a series of detailed FxNet comparison articles, pitting the FxNet platform against some of the best-rated FxNet competitors in the market. Dive into our informative FxNet Vs pages below to find out how FxNet stacks up against other leading brokers.
- FxNet vs ICMarkets
- FxNet vs Roboforex
- FxNet vs eToro
- FxNet vs XM
- FxNet vs XTB
- FxNet vs AvaTrade
- FxNet vs Pepperstone
- FxNet vs NordFX
- FxNet vs Trading212
- FxNet vs FPMarkets
- FxNet vs easyMarkets
- FxNet vs SpreadEx
- FxNet vs FxPro
- FxNet vs Plus500
- FxNet vs AdmiralMarkets
- FxNet vs ThinkMarkets
- FxNet vs FXPrimus
- FxNet vs ForexMart
- FxNet vs Eightcap
- FxNet vs ForTrade
- FxNet vs InteractiveBrokers
- FxNet vs Forex.com
- FxNet vs IG
- FxNet vs Robinhood
- FxNet vs Coinbase
- FxNet vs Binance
- FxNet vs ETXCapital
- FxNet vs CoreSpreads
FXNET Frequently Asked Questions
Read our detailed FxNet FAQ Section updated for 2023.
Can I try FxNet?
What funding methods do FxNet accept?
Please note that the list of payment methods below depends on the FxNet Entity and the client's Country of Residence.
FxNet offer the following funding payment methods Credit cards, Bank Transfer, Neteller, WebMoney, UnionPay, QIWI, Debit cards, among other payment methods.
Learn more here
Is FxNet safe?
FxNet have over 10,000 users. FxNet are considered reliable as they are regulated by and checked for conduct by the Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC). Any payments funded to FxNet accounts by traders are held in a segregated bank account. For added security,FxNet use tier-1 banks for this. Tier 1 is the official measure of a bank's financial health and strength.Trading with FxNet is risky, and because the market is so volatile, losses could happen at any time.
Your capital is at risk
Is FxNet trading good?
FxNet is considered good and reputable to trade with FxNet. FxNet is used by over 10,000 traders and FxNet users. FxNet offers Forex trading. Minimum deposit with FxNet is 50.
Is FxNet trading Legit?
FxNet was founded in Cyprus in 2012. FxNet has been facilitating trade on the financial markets for over 11 years. FxNet offers clients Forex trading. All funds deposited to FxNet are held in segregated bank accounts for security. FxNet is regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) so can be considered legit.
Is FxNet a good broker?
FxNet allows Forex trading. FxNet is overseen by the top tier financial regulators Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) so can be considered a good broker.
Is FxNet trustworthy broker?
FxNet is a reliable platform that can be considered trustworthy due to its strict regulatory practices. When you fund money to FxNet, money is in a segregated bank account that is separate from FxNet company's funds. As a regulated broker, FxNet cannot directly access your funds, which minimizes the risk of misappropriation or fraudulent activity by FxNet. Instead, your FxNet funds are held securely in a separate account designated for your investments, providing protection and peace of mind when trading with FxNet. Also FxNet is regulated in its local jurisdictions including major financial regulators like Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC).
What is the minimum deposit for FxNet?
The minimum deposit to trade with FxNet is 50.
How long do FxNet withdrawals take?
Withdrawing money from FxNet processing time varies depending on the method but averages 1-5 days.
Is FxNet regulated?
FxNet is regulated by the Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC). Regulatory bodies conduct regular reviews and audits as part of FxNet maintaining their regulatory status. You can learn more about these reviews on the regulator websites.
Is FxNet a market maker?
FxNet is a market maker. Stocks, currency and other commodities and instruments will be brought or sold by FxNet even if no buyer or seller is lined up.
How can I start trading with FxNet?
When opening a trading account with FxNet, you will need to sign up here. After completing the necessary steps of receiving login details via email, submitting identification documents for account validation, and making a deposit, the next step is downloading the preferred trading platform. For detailed guidance on FxNet trading platforms, you can follow the link provided below: Learn more about signing up with the FxNet trading platform here. This will provide useful information and insights into the various trading platforms offered by FxNet, enabling you to make an informed decision about which platform to choose for your trading needs.
Is my money safe with FxNet?
Yes your money is safe with FxNet.
Overall, strict financial regulation is essential for ensuring that trading platforms like FxNet operate fairly, transparently, and responsibly, which ultimately benefits all FxNet stakeholders involved.
Trading platforms like FxNet must have strict financial regulation for several reasons:
- Protecting FxNet Investors: Strict financial regulation ensures that investors who use the FxNet trading platform are protected against fraudulent or unethical behavior by the FxNet platform or its employees. Financial regulation can help to prevent investors from losing their money due to dishonest practices by the FxNet platform.
- Maintaining FxNet Financial Stability: Strict regulation helps maintain the financial system's stability by preventing excessive risk-taking when using the FxNet trading platform. Regulatory procedures reduce the likelihood of the FxNet platform experiencing financial difficulties or failing, which could have ripple effects throughout the financial system.
- Enhancing FxNet Transparency: Regulations require trading platforms like FxNet to maintain detailed records and disclose FxNet client information. Financial regulatory requirements enhances transparency and helps to build trust between the FxNet platform and its investors.
FxNet is regulated by the Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC). When selecting a broker such as FxNet, one of the most critical factors to consider is the broker's regulatory body and regulatory status. Unregulated brokers pose a direct risk to the security of their client's funds, as they operate without any oversight or regulation. In contrast, regulated brokers are subject to strict rules and regulations that prevent them from manipulating market prices or engaging in fraudulent activities. As a reputable broker, FxNet ensures that withdrawal requests are processed promptly, demonstrating its commitment to transparency and accountability. However, brokers that violate regulatory rules can face the consequences such as losing their regulatory status in specific regions, highlighting the importance of working with a trusted, regulated broker for your trading needs like FxNet.
Is FxNet a con?
FxNet is regulated and well established, having been in business for over 11 years. FxNet is not a con.
Can you make money with FxNet?
Although traders have had great success with FxNet, trading on the financial markets with FxNet is not a get-rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading, your chance of success will greatly increase. Never trade with money you cannot afford to lose. Your capital is at risk.
Does FxNet have fees?
FxNet withdrawal fees vary on payment method.FxNet doesn't charge inactivity fees. FxNet do charge deposit fees.
When was FxNet founded?
FxNet was founded in 2012.
How many people use FxNet?
FxNet is used by over 10,000 registered FxNet users.
What is FxNet Headquarters country?
FxNet has its head quarters office in Cyprus .
Does FxNet offer negative balance protection?
FxNet offers negative balance protection. With Negative balance protection, traders cannot lose more money than they have deposited.
Does FxNet offer guaranteed stop loss?
FxNet does not offer guaranteed stop loss. With guaranteed stop loss protection, risk is managed. Traders are guaranteed to close your trade at your specified price. Stop Loss orders are guaranteed only during market hours and under normal trading conditions.
Does FxNet allow scalping?
FxNet offers scalping.
Does FxNet allow hedging?
FxNet offers hedging.
Does FxNet offer CFD trading?
FxNet offers CFD trading.
Does FxNet offer STP?
FxNet offers STP trading.
How many people use FxNet?
FxNet is used by over 10000 FxNet users and traders.
Is FxNet an ECN broker?
FxNet offers ECN trading.
Does FxNet offer a demo account?
FxNet offers a demo account.
Does FxNet offer an Islamic account?
FxNet offers an Islamic account.
What are the funding methods for FxNet?
Please note that funding methods and options available with FxNet can be found in the FxNet Members area and depend on the FxNet client’s country of residence. Please check your specific available payment methods on the FxNet website. FxNet accept the following funding methods : Credit cards, Bank Transfer, Neteller, WebMoney, UnionPay, QIWI, Debit cards, .