FxNet review
FxNet is a Multi-Assets Trading Platform with over 100+ Assets
FxNet is a multi asset platform with 100+ tradable Assets.
Assets available on FxNet include Forex.
FxNet trades in multiple financial asset types. An asset in financial investment, is any security or asset, tangible or intangible, that has a financial value attached. This means that Forex are considered financial assets.
FxNet review
Features of FxNet
- Virtual Portfolio, or what is commonly known as a Demo Account
- StopLoss
- 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 inclding 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
FxNet review
What you should know
FxNet offer one way to trade: Forex.
With FxNet you will need a minimum deposit of $50. You can sign up for a demo account to acquaint yourself with FxNet platform.
FxNet are able to accommodate various levels of traders whether you are experienced or a beginner.
FxNet review
Are FxNet safe?
When choosing a broker like FxNet the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.
Established in 2012, and in operation for 9 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.
Regulated brokers will not manipulate market prices. When you send in a withdrawal request to FxNet, this will be honored. If FxNet violate any regulatory rules their regulated status could be stripped.
Your capital is at risk
FxNet review
Is my money safe with FxNet?
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 banks financial health and strength.
What are Tier 1 banks and why should FxNet use them?
A Tier 1 bank is considered the safest and most secure regarding client capital. Tier 1 is actually a term describing the financial strength of a bank. A Tier 1 bank has strong core capital reserves and financial regulators utilize tier one banks because they are able to withstand unexpected financial losses.
What does it mean to have your funds in FxNet deposited in a Tier 1 bank?
Having any money you deposit with FxNet means that your funds are safe in a bank that has enough capital to accommodate your withdrawal wishes even if FxNet goes out of business for some reason.
Therefore, we can safely conclude that FxNet is secure and safe.
That said, please note that you can lose funds when trading in financial assets. Accounts can lose money due to either not putting enough effort into researching the markets, lack of experience or not using the tools provided by the brokerage platform.
While trading in financial investments, losing money rapidly due to trading Forex is not uncommon. Only take the risk of trading when you understand that your invested capital is at risk any time due to market volatility. FxNet also clearly state on their platform that Your capital is at risk.
Now that we have answered some important questions regrding FxNet. let us look at the FxNet features in more detail.
Try creating two accounts when you are working with FxNet. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.
Open a demo account Visit FxNet
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
Broker |
FxNet
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eToro
![]() |
IC Markets
![]() |
XTB
![]() |
Year Established | 2012 | 2007 | 2007 | 2002 |
Head Office | Cyprus | Cyprus, UK | Australia | Poland |
Regulation | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisiรณn Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG) |
Used By | 10,000+ FxNet users | 17,000,000+ eToro users | 180,000+ IC Markets users | 250,000+ XTB users |
Negative balance protection | Yes | Yes | Yes | Yes |
Guaranteed Stop Loss | No | No | No | No |
Learn More | Visit FxNet | Visit eToro | Visit IC Markets | Visit XTB |
Risk Warning | Your capital is at risk | 67% of retail investor accounts lose money when trading CFDs with this provider. | Losses can exceed deposits | 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. |
FxNet review
FxNet Pros and Cons
FxNet review
FxNet Regulation and Licensing in more detail
We have checked and FxNet is regulated and supervised by reputable organisations. You are able to check every FxNet supervisory and regulatory body given below. Regulation gives you some recourse for those who have issues with FxNet. Regulatory authorities protect the traders with things like reimbursement schemes that regain the client's investment in the event the broker becomes insolvent.
The brokerage firms have to comply with a variety of rules and criteria for license approval, this is determined by the recognized international authority with the intention to provide secure trading and stay licensed. The whole notion of regulation is to protect FxNet traders and provide a safe trading environment. Financial regulation and license approval is essential.
FxNet is regulated, governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the behavior of the brokers and if things go wrong they will take necessary action. Before trading online with a broker such as FxNet you should be sure they're legitimate online agent.
FxNet review
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 nations including nations in Europe, Asia, Oceania, and Africa. Major countries FxNet covers include the UK, Germany, Australia, South Africa, Thailand, and China. FxNet has a total of more than 10,000 users.
FxNet review
FxNet Fees Explained
- FxNet withdrawal fees varies on payment method
- FxNet does not charge a fee for inactive accounts.
- FxNet does charge deposit fees.
Brokers offer state of the art online trading platforms, mobile trading apps, financial research tools and educational resources. For a brokerage to maintain these services and earn revenue as a company. Brokers may charge clients various trading fees that you need to be aware of as they may affect your bottom line.
How FxNet Fees Compare Against Other Brokers
Broker |
FxNet
![]() |
eToro
![]() |
IC Markets
![]() |
XTB
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Min Deposit | 50 | 200 | 200 | 0 |
Withdrawal Fees | Yes | Yes | No | varies |
Inactivity Fees | No | Yes | No | No |
Deposit Fees | Yes | No | Varies | No |
CFD Commission Fees | Yes | No | Yes | Yes |
FxNet review
FxNet Minimum Deposit
FxNet require a minimum desposit of 50 GBP/USD 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.
Dont be scared off by brokers like FxNet charging a minimum deposit to open a trading account. Brokers that charge higher minimum deposits often offer additional premium services on there platforms that are not available for free on other platforms.
Brokers that offer lower minimum deposits are generally geared towards a more mainstream audience that do not require some of the more advanced features and research tools.
Brokers that do not charge minimum deposits do so usually to attract new customers. They have to make some way, so transaction commissions and other trading fees may be higher with a low minimum deposit account.
Brokers that require a larger minimum deposit amount usually offer a greater range of trading features on their platforms. These brokers often have more in depth technical analysis and research tools and better risk management features.
As more and more online trading platforms have entered the market, minimum deposit requirements to open a live trading account have gone down as an increasing number of brokers compete for new clients.
Depending on the type of trading account you opt for some brokers require a minimum deposit as high as 6500 GBP/USD. Some brokers can go as high as 10,000 GBP/USD.
FxNet review
FxNet Withdrawal Fees
FxNet withdrawal fees vary depending on your selected withdrawal payment method.
Each broker has their own specific withdrawal rules on how your funds can be withdrawn from your trading accounts.
This is because each brokerage firm will have different withdrawal methods and each payment provider may have differing transfer processing fees, processing times and a potential currency conversion fee. The Conversion fee is dependant on your base currency, your recieving currency, your payment provider.
FxNet for example allow you to withdraw your funds to Credit cards, Bank Transfer, Neteller, WebMoney, UnionPay, QIWI, Debit cards, .
FxNet review
FxNet Inactivity Fees
FxNet does not charge a fee for inactive accounts.
An account inactivity fee is a fee charged to the registered brokerage client.
Brokers may have certain trading activity requirements that under the terms and conditions of the accounts, clients may have to fulfill.
If a clients trading account dues not have any buying and selling over a period of time as dictated by the broker an inactivity fee may be due.
Inactivity fees are not specific to online trading accounts. Many financial service companies may charge inactivity fees. Please check on the brokers website and make sure you are aware of and are happy with all the services and fees you may be charged.
If you are no longer using your trading account close it with the brokers customer support. And make sure you have a confirmation that any remaining fees are not due.
Depending on the type of account you have signed up for you can only be charged an inactivity fee under certain circumstances. As part of a brokers regulation they are required to clearly disclose any inactivity fees.
Some brokerage firms may charge inactivity fees as compensation for maintaining your account on their expensive trading platforms, in an attempt to claw back revenue for the lack of commission fees from your trading.
FxNet review
FxNet Desposit Fees
FxNet does charge deposit fees.
You must always review deposit fees as some brokers may charge a fee when you deposit funds from your payment method to your trading account. This is because the payment method which you use to fund your account may accrue a fee. The fee may be a fixed fee when you deposit a specific fiat currency to your account. For example fees are known to be high when depositing funds from a credit card. This is if your broker accepts funding your account via a credit card.
FxNet review
FxNet Commission Fees
FxNet does charge commission on CFD instruments.
A broker may charge a commission fee as a service charge for facilitating the buying and selling of financial assets through your trading account.
A brokerage may make most of their revenue from charging registered traders a commission fee on client transactions.
Commission fees can differ depending on the trading type, financial asset type and what level of trading account you have.
Broker commissions are charged if the brokerage fulfills an order, cancels an order or modifies and order on your behalf.
If a market order is not fulfilled by your brokerage usually no commission is charged.
Be aware that if your order is modified or canceled, your brokerage may charge a commission fee.
FxNet review
What can you trade with FxNet?
Be aware that Different entities under FxNet Brand offer different trading instruments due to regulatory restrictions. Trading instruments offered may differ based on the country of residence of the Client.
You can trade a wide variety of instruments with FxNet over 100 instruments infact.
If you are looking for Forex brokers to trade currency pairs on global Forex markets FxNet offer over 15 currency pairs.
Compare FxNet with eToro and IC Markets below.
How FxNet Trading Options Compare Against Other Brokers
Broker |
FxNet
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eToro
![]() |
IC Markets
![]() |
XTB
![]() |
Instruments Available | 100 | 2000 | 232 | 4000 |
Platforms | MT4, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps |
FX / Currencies | ||||
Forex pairs offered | 15 | 50 | 65 | 57 |
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 | Yes | Yes |
Commodity CFDs | ||||
Commodities Offered | 0 | 31 | 19 | 21 |
Metals | Yes | Yes | Yes | Yes |
Energies | Yes | Yes | Yes | Yes |
Agricultural | Yes | Yes | Yes | Yes |
Indiced & Stock CFDs | ||||
Stocks Offered | 2042 | 110 | 1696 | |
UK Shares | Yes | Yes | No | Yes |
US Shares | Yes | Yes | Yes | Yes |
German Shares | Yes | Yes | Yes | Yes |
Japanese Shares | Yes | Yes | Yes | Yes |
Risk Warning |
Visit FxNet
Your capital is at risk |
Visit eToro
67% of retail investor accounts lose money when trading CFDs with this provider. |
Visit IC Markets
Losses can exceed deposits |
Visit XTB
79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. |
FxNet review
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 making it easier to keep an eye on and execute your trades while you’re on the move.
See FxNet's platforms
FxNet review
Is the FxNet Trading Platform Secure?
FxNet safeguards the personal information of its clients through SSL encryption in its PC and mobile platforms. FxNet also urges its clients through its web platform to always look for the SSL security sign (a lock sign) o the browser while operating FxNet.
FxNet review
FxNet Trading Platform Options
Once you have logged into your FxNet account you will see the below trading platform options available to you.
- MetaTrader 4 (MT4)
FxNet does not offer the MetaTrader 5 (MT5) trading platform. If you are looking for a online platform that does support MT5 click here
FxNet does not offer the cTrader trading platform. You can find a broker that supports cTrader here
Lets explore each of these trading platforms in detail and what options FxNet gives you.
FxNet review
FxNet MetaTrader 4 (MT4)
MetaTrader 4 also known as MT4 is the number one trading platform 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 ful fill all of 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.
Understand that 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 with FxNet. You can learn more about the MT4 Platform 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 PC's and Apple Macintosh computers. FxNet MetaTrader 4 is compatible with the latest macOS Mojave. FxNet allows traders to trade on mobile devices through Android and IOS devices like the iPhone.
Metatrader 4 Webtrader on FxNet
MetaTrader 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. You can enjoy our Raw Pricing trading environment without a Dealing Desk from anywhere in the world.
Trade 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 Metaquotes MetaTrader 4 Program for free of charge from Apple's App Store. IC Markets customers have instant access to this Financial markets, with the ability to completely manage a Portfolio on the go.
Trade 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 customers can monitor the financial marketplace and trade directly from their Android-based Smartphones and tablets. The Android FxNet MetaTrader 4 Android application enable traders to make the most of multiple advanced trading features which enables them to monitor and trade Forex quickly on the go, simply and securely.
Trade FxNet MetaTrader 4 Trading Central
Trading Centrals Alpha Generation Indicators is a Bundle of three Major indicators including:
- Analyst Perspectives - A go-to resource for leadership and key levels.
- Adaptive Candlesticks - Identifies chart patterns which illustrate important changes in demand and supply.
- Adaptive Divergence Convergence (ADC) - Much like MACD however useful at shorter lengths and provides more timely signs.
FxNet MetaTrader 4 Advanced Trading Tools
The FxNet advanced trading tools for MetaTrader 4 are aimed at improving the total trading experience and providing traders with a competitive advantage. FxNet offers access to 20 exclusive tools which includes feature rich trade execution & management programs, sophisticated notification alarms, messaging facilities, innovative market data & more.
Trade FxNet MetaTrader 4 MultiTerminal
MetaTrader 4 MultiTerminal provides a intuitive easy to use dashboard where traders can administer and supervise several trading accounts. MultiTerminal will let you manage over 100 Accounts simultaneously allowing you to place market orders, pending orders, view live market prices and track all accounts and equity at real time. All Trading accounts must be in on the same MetaTrader server. MultiTerminal doesn't support Automated Trading scripts like Expert Advisors.
FxNet MetaTrader 4 AutoChartist
FxNet Autochartist provides the world's first Market Scanner available for MT4 using a non-trading Expert Advisor script. Scan markets for trading opportunities while viewing all symbols and time intervals from a single graph. Gone are the days of launching a lot of graphs on which you can't remember which currency you're taking a look at. Autochartist offers a simple user interface that can be customized to suite how you like to trade.
FxNet Trading benefits :
- Allows scalping
- Allows hedging
- Offers STP
- Low min deposit
- Offers Negative Balance Protection
FxNet Trading Accounts Offered :
Below we give an overview on 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.
- Demo account
- Mini account
- Standard account
- Zero spread account
- ECN account
- STP account
- Managed account
- Islamic account
Can I try FxNet before I buy?
FxNet offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade
Your capital is at risk
FxNet withdrawal and funding methods.
Please note that the list of FxNet payment methods below depend on the FxNet Entity and the Clients Country of Residence.
All available FxNet payment methods available to you can be found in your FxNet members area checked on the FxNet website.
FxNet offer the below funding payment methods. You can use any of the below deposit options if available in your region. learn more about FxNet
FxNet Payment Methods
- FxNet accepts Credit cards
- FxNet accepts Bank Transfer
- FxNet accepts Neteller
- FxNet accepts WebMoney
- FxNet accepts UnionPay
- FxNet accepts QIWI
- FxNet accepts Debit cards
Broker |
FxNet
![]() |
eToro
![]() |
IC Markets
![]() |
XTB
![]() |
Bank transfer | Yes | Yes | Yes | Yes |
Credit Cards | Yes | Yes | Yes | Yes |
Paypal | No | Yes | Yes | Yes |
Skrill | No | Yes | Yes | Yes |
Payoneer | No | Yes | No | Yes |
Neteller | Yes | Yes | Yes | Yes |
*please note available FxNet and other broker payment methods depend on the clients country of residence.
How can I start trading with FxNet?
When opening a trading account with FxNet, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on FxNet trading platforms here. You will need to provide some basic documentation to prove your identity as part of FxNet onboarding and normal KYC identity checks. These checks are standard practice and help FxNet provide a safe financial environment for their 10,000 users.
Your capital is at risk
Performing trades with FxNet
FxNet allow you to execute a minimum of trade of 0.01 Lot. This may vary depending on the account you open. The maximum trade requirements vary depending on the trader and the instrument. As FxNet offer ECN and STP execution, you can expect very tight spreads with more transparency over the price you‘re paying to execute your trades.
FxNet are one of very few brokers that claim to have no requotes, so you don't have to worry about slippage (your trades being ordered at a different price to what you executed them at).
As with most brokers, margin requirements do vary depending on the instruments.
FxNet also offers a number of useful risk management features, such as stop losses (with trailing stops), limit orders, negative balance protection, price alerts, and much more. You can see all of the account features offered by FxNet here.
FxNet Leverage and FxNet CFDs Explained
let's take a look at some of the basics of using FxNet leverage.
FxNet offer CFD which are a leveraged product for this example we describe ten times leverage.
So you have a ten thousand dollar position but you only tie up a thousand dollars a tenth of the value on your account. You have a situation where a small sum of money is controlling a much bigger financial position. This is your leverage.
So what effect does leverage have on your profits and losses well put simply it magnifies them in both directions.
FxNet leverage magnifies both profits and losses when trading.
Let's say for example you buy ten thousand dollars worth of General Electric (GE) using contracts for difference ( CFDs ) using the FxNet trading platform.
let's say General Electric (GE) rises 10% because its results are positive your position which was worth ten thousand dollars is now worth $11,000.
It's grown by $1000 10% in value this represents a hundred percent increase on the funds initially committed on your leverage CFD trade.
Our initital investment of ten thousand dollars for the trade and has made a thousand dollars in profit because the price is up ten percent.
The FxNet leverage goes both ways. If General Electric (GE) Falls 10% on week results your position which was worth ten thousand dollars is now worth only nine thousand dollars. It has fallen by a thousand dollars.
FxNet CFDs are typically used for short to medium term trades. For example FxNet intraday CFD trading. Although high risk because CFD trades are separate from the financial markets, a CFD trade can be more flexible than a traditional market trade where you own the underlying asset. CFD trades give access to CFD fractional shares, CFD international markets and CFD short selling. More advanced traders can also use CFDs to hedge.
Always be aware that CFDs are complex instruments and come 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
We should say something about negative balance protection with FxNet. When trading using leverage an adverse move could result in losing more than your trading account balance at FxNet. Your FxNet account could potentially become negative. We recommend you making use of negative balance protection. Using negative balance protection ensures your losses will always be limited to the current balance of the money in your account.
Limit Risk When Trading with FxNet Stop Loss, FxNet Stop Limit Orders
A stop-loss order is an order placed with a broker like FxNet to buy or sell once the stock reaches a certain price. A stop-loss is designed to limit a traders loss on a security position.
Most traders need to use stop losses to protect themselves from huge risk unless the trade is hedged against another trade or the trader is not using leverage. Circumstances differ depending on the trade and the markets.
Education resources at FxNet
To trade effectively with FxNet, it's important to get a have a good understanding of the FxNet trading tools and the markets. Make sure you make full use of all education tools. This includes eduction tools with FxNet and externally.
FxNet offer a good selection of educational resources. Take your time, learn how the financial markets move. Take the time to learn how your trading platform works. Make buy and sell trades, learn how to take advantage of global trading times and most importantly learn how to mitigate and manage investing risk.
Having an analytical approach may be a good way to approach trading with FxNet.
Take time to look around the FxNet platforms and train yourself to think more systematically and logically about the markets. It's a new skill-set for many, but it is what the market requires of you.
Customer Support at FxNet
As part of our FxNet review we review customer service options, response times and FxNet trading platform problem resolution effectiveness.FxNet support a wide range of languages including Arabic, Chinese, Croatian, Czech,English,Greek,Hungarian.Japanese,Persian,Polish, Romanian,Russian,Slovak,Spanish,Vietnamese.
FxNet have a triple AAA grade support and customer service rating because they offer a wide range of languages, live chat, email and phone support.
FxNet customer service support multiple languages from all over the world. Having a broker that can hire people from various locations in the world who can better communicate with you in your local language is a huge advantage well trying to deal with issues.
Your customer service experience with FxNet has to be a positive one for you to effectively trade the financial markets on the FxNet platform. FxNet should make sure all of your questions are answered and your FxNet platform issues solved. When a 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 have a great client support team, which is why we have rated their customer service highly.
Livechat Support at FxNet
We tested the FxNet live chat and it works well. We sent messages to FxNet livechat through their app and website and recieved a response within 3 minutes. Its important you test the FxNet chat service yourself. a responsive chat service from FxNet gives a great support experience to FxNet chat service users. Its much better than waiting days for an email.
We tested communicating with FxNet support in multiple languages in multiple countries. The FxNet help center where able to quickly resolve our customer issues.
Email Support at FxNet
We sent several emails to FxNet and answer times overall were excellent. The fastest response from FxNet was less than 2 minutes and the slowest response was 3 hours. Support response times may vary for you with FxNet, but this was our experience sending 10 emails at varying times.
The team resolved and answered our queries. Overall very good email support from FxNet.
Phone Support at FxNet
We called FxNet and the call was answered very quickly. The call was answered in less than 1 minutes.
The FxNet phone support team were able to successfuly answer our questions and issues over the phone. We tested the multilingual FxNet team by calling in varying languages. FxNet made an effort to make sure our queries were answered.
Overall great phone support from FxNet.
See how FxNet Support Compares Against Other Brokers
Broker |
FxNet
![]() |
eToro
![]() |
IC Markets
![]() |
XTB
![]() |
Support |
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Languages | Arabic, Chinese, Croatian, Czech,English,Greek,Hungarian.Japanese,Persian,Polish, Romanian,Russian,Slovak,Spanish,Vietnamese | English, German, Spanish, French, Italian | English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish |
Learn More | Visit FxNet | Visit eToro | Visit IC Markets | Visit XTB |
Risk Warning | Your capital is at risk | 67% of retail investor accounts lose money when trading CFDs with this provider. | Losses can exceed deposits | 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. |
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), every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:
Be aware Please kindly note that the expiration date of Proof of address document for different entities under FxNet Brand may be different.
- A scanned colour copy of your passport, driving license or national ID
- A utility bill or bank statement from the past three months showing your address
You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 3 minutes or so to complete the account opening process.
While you might be able to explore FxNet's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.
To start the process of opening an account with FxNet you can visit the FxNet trading platform here.
CFDs are leveraged products and can result in the loss of your 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 as investment advice. All information collected from https://www.fxnet.com/ on March 02, 2021.
FxNet review
Is FxNet A Good Broker?
We spent over 3 months examining FxNet in depth. Although we found some very useful aspects of the FxNet platform that would be useful to some traders. Overall our feeling is that you would be better served with an alternative FxNet broker.
- FxNet have a good track record of offering Forex.
- FxNet has a history of over 9 years.
- FxNet has a reasonable sized customer support of at least 10.
- FxNet are regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC). This means FxNet fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
- FxNet have regulation from a Tier 1 reputable country.
- FxNet has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
- FxNet have an international presence in multiple countries. This includes local FxNet seminars and training.
- FxNet are able to 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 including crpytocurrency and foreign currency markets come with a very high level of risk. In regards to leverage and margin based trading you will be exposed to a high risk of loss. Some financial instruments and derivatives that are off exchange may offer varying leverage and may have limited regulatory protection and high market volatility. It should never be presumed that any investment products, techniques, indicators or any other presented resources will result in profits. You should be aware that investing may result in financial loss.
FxNet review
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FxNet review
Related FxNet Vs Comparisons
We have covered allot in this FxNet review, If you want to see how FxNet compares side by side with other brokers check out our FxNet Vs pages.
If you would like to see how FxNet stands up against other brokers you can read some of our FxNet comparisons below. We compare side by side some of our top rated FxNet versus comparisons. Read our indepth FxNet VS pages below.
- FxNet vs eToro
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FxNet review
FXNET Frequently Asked Questions
Read our detailed FxNet FAQ Section updated for 2021.
Can I try FxNet before I buy?
FxNet offer a demo account so you can try the FxNet platform with virtual trading before you put down a payment. Virtual trading with FxNet is zero risk. Learn more here
What funding methods do FxNet accept?
Please note that the list of payment methods below depend on the FxNet Entity and the Clients 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 are considered safe 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 banks financial health and strength.
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 active 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 9 years. FxNet offers clients Forex trading. All funds deposited to FxNet are held in segregated tier 1 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 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. FxNet allows Forex trading.
Is FxNet trustworthy broker?
FxNet can be considered trustworthy. All money funded to FxNet is placed into a segregated tier 1 bank account. this means your money in not held by FxNet directly but a tier 1 bank. The broker has no direct access to your funds so cannot misappropriate your money. Also FxNet is regulated by 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 but averages 2-5 days.
Is FxNet regulated?
FxNet is regulated by 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 purchased by FxNet even if no buyer is lined up.
How can I start trading with FxNet?
When opening a trading account with FxNet, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on FxNet trading platforms here.
Is my money safe with FxNet?
FxNet is regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC). One of the most important criteria for traders when choosing a broker like FxNet is the regulatory body and regulatory status of the broker.
Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.
Regulated brokers will not manipulate market prices. When you send in a withdrawal request to FxNet, this will be honored.
If they violate any regulatory rules their regulated status can be stripped.
Is FxNet a con?
FxNet is regulated and well established having been in business for over 9 years. FxNet is definitely 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 varies on payment method. FxNet doesn't charge inactivity fees. FxNet does 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 means 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 guarenteed 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 a Islamic accounts.
What are the funding methods for FxNet?
Please note that funding methods and funding options available with FxNet can be found in the FxNet Members area and depend on the FxNet clientโs 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, .