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FxNet Broker: Reviews and Specifications

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FxNet Discussion

FxNet Broker Homepage
  • Website: www.fxnet.com
  • Founded: 2012
  • Company: FxNet Limited
  • Headquarter: 4 Theklas Lysioti St, Harmony House, Office 31, 3rd Floor, 3030 Limassol, Cyprus
  • Regulation: CySEC (182/12)

Open Account

International offices –
Broker Type STP
Broker Status Independent Broker
Accept U.S Clients No
Live Chat Yes
Phone +357 25 108 111
Fax –
Email [email protected]
Website Languages English, Japanese, Greek, Arabic, Romanian, Russian

 

Account Information

Free Demo Account Yes
Min. Deposit $50
ECN account No
Account Currencies USD, EUR, GBP, RUB
Maximum Leverage 500:1
Minimal Order Volume 0.01
Segregated accounts Yes
Swap-free Accounts Yes (Islamic accounts only)
MAM/PAMM accounts MAM
Managed account No
Interest on margin No
Deposit/ Withdraw Options Skrill • Neteller • China UnionPay • Western Union • Bank Wire • Visa/ Mastercard • Fasapay • QIWI Wallet

 

Trading Terms

Trading Platforms MetaTrader 4 (desktop, mobile, web, iPhone, iPad, android)
Precision pricing 5 digits
Type of Spread Floating
Commission Platinum Account – 6$ one way / 12$ round traded lot
Lowest spread on EURUSD 1.9
Scalping Yes
Hedging Yes
Expert Advisors Yes
OCO orders No
Mobile Trading Yes
Web Trading Yes
Gold, Silver Yes
CFDs Yes
Cryptocurrency Trading Bitcoin • Ethereum
Other Trading Instruments Indices • Futures • Energies • Stocks • Commodities • Metals
Promotion No
Trading Contests No

 

What’s new

January 12, 2013: Add a listing for FxNet.

Reader Interactions

Comments

  1. Ashish says

    July 9, 2013 at 1:44 am

    I have some good satisfactory experience with this broker. They have a massive 100% deposit bonus which is the most attractive offer, though they have some high spreads charges comparatively from other brokers of the market, but their execution is really fast and that surely makes the difference. They once held a contest but i think contest in a regular basis will attract the other traders to try out their offers and understand their features too.

    Reply
  2. Jonathan Mcmillan says

    May 29, 2013 at 7:44 pm

    The good thing about STP brokers is that they don’t intervene in your trades. This broker is amazing. No delaying on order executions and no intervene in my trades.

    Reply
  3. Jadon says

    May 10, 2013 at 4:28 pm

    Their spreads are not the best this is for sure. They said that are fixed but not 100% sure if they mean it. I will open a demo account and will see the results.

    Reply
  4. Albrecht Oswald says

    April 23, 2013 at 12:29 am

    Execution 10/10. Spreads 7/10. Customer Support 9/10. Overall a good brokerage in my books

    Reply
  5. Johnny Flatu says

    April 17, 2013 at 9:51 pm

    one good thing about fxnet is they accept all my trades. I have been scalping like crazy and all they tell me is to do more volume ^^ – I love that!

    Reply
  6. Dani Bibo says

    February 7, 2013 at 11:20 am

    Their spreads are fixed though….isnt it expected to have higher spreads for fixed brokers…that’s what i thought

    I opened an account today and was pleasently surprised to get a $300 bonus :). I deposited 600 and now my equity shows $900. they must have some promotion i guess but didnt see it on their site.

    Anyway it was a pleasent surprise

    Reply
  7. Patrick says

    January 29, 2013 at 8:50 am

    EURUSD spread is 2.8 !!!!!! Are you joking ? Leaving in a world that 1000 brokers are competing for clients, they are offering a spread of 2.8 ?

    I prefer a recognised broker with far less spread, don’t waste your time on their demo.

    2.8 SPREAD ON EURUSD !!!!!!! OH MY GOD

    Reply
    • Polina Parmakki says

      April 4, 2016 at 7:38 pm

      Dear Patrick

      At FxNet we present our spreads honestly and in accordance with our liquidity providers’ pricing. Our Standard Account EURUSD spread start from 2.3, while our Platinum starts from 0.

      The company and the website clearly state that we offer floating spreads through an STP (Straight Through Processing) System and therefore any trader would know that under different market conditions spreads can become slightly higher but also lower.

      FxNet is regulated by CySEC and is registered with a series of European authorities, all of which can be seen on the perspective websites. Our motto is to be transparent and honest allowing clients to be informed before deciding to trade with us.

      Regards

      Polina
      FxNet Representative

      Reply

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