7.0/10
(12 qualified reviews)
US Traders
  • Bonus offers
  • Free education
  • Personal manager
  • Trading by telephone
  • MAM accounts
  • Segregated accounts
  • Affiliate program
  • Islamic accounts available
  • Company FxNet Ltd
  • Founded in 2012
  • Online since 2013
  • Offices in
    • Cyprus
  • Payment options
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  • Demo platforms
    • MetaTrader 4
  • Account currencies
    Show account currencies Hide account currencies
  • Currency pairs
    Show currency pairs Hide currency pairs
  • Regulated by
    • BaFin, 131046
    • CySEC, 182/12
    • FCA (UK), 594005
  • Website available in
    Show website languages Hide website languages
  • Support available in
    • Arabic
    • English
    • Greek
    • Polish
    • Russian
  • Support methods
    • Email
    • Live chat
    • Phone
    • Skype
  • Trading server time zone GMT+2
  • Special notes Support from Dealing Room 24/5. Lower Spreads to 2.3 (bespoke solutions may be provided).
    Instant deposits.
  • Hedging
  • Overnight interest rates (swaps)
  • Trailing stop
  • Pending orders
  • One-click trading
  • Mobile trading
  • Automated trading
  • Minimum account size $50
  • Minimum position size 0.01 lot
  • Spread type Variable
  • Typical spread on EUR/USD, pips 2.3
  • Minimum spread on EUR/USD, pips 1.3
  • Scalping Allowed
  • Expert advisors Allowed
  • Trading instruments
    • Forex1:500
    • Gold & silver1:200
    • CFD1:500
    • Oil1:500
    • Stocks1:100
    • Indexes1:100
    • Cryptocurrencies1:500
  • Trading platforms
    • MetaTrader 4
  • Digits after dot 5
  • Margin call level 70%
  • Stop-out level 50%
  • Minimum distance to stop/limit orders, pips 4
  • Number of currency pairs (of which exotic) 48 (18)
  • History
    Show history Hide history
  • Hedging
  • Overnight interest rates (swaps)
  • Trailing stop
  • Pending orders
  • One-click trading
  • Mobile trading
  • Automated trading
  • Minimum account size $2,000
  • Minimum position size 0.01 lot
  • Spread type Variable
  • Typical spread on EUR/USD, pips 2.2
  • Minimum spread on EUR/USD, pips 1.9
  • Scalping Allowed
  • Expert advisors Allowed
  • Trading instruments
    • Forex1:500
    • Gold & silver1:200
    • CFD1:500
    • Oil1:500
    • Stocks1:100
    • Indexes1:100
    • Cryptocurrencies1:500
  • Trading platforms
    • MetaTrader 4
  • Digits after dot 5
  • Margin call level 70%
  • Stop-out level 50%
  • Minimum distance to stop/limit orders, pips 4
  • Number of currency pairs (of which exotic) 48 (18)
  • History
    Show history Hide history
  • Hedging
  • Overnight interest rates (swaps)
  • Trailing stop
  • Pending orders
  • One-click trading
  • Mobile trading
  • Automated trading
  • Minimum account size $5,000
  • Minimum position size 0.01 lot
  • Spread type Variable
  • Typical spread on EUR/USD, pips 1
  • Minimum spread on EUR/USD, pips 0
  • Scalping Allowed
  • Expert advisors Allowed
  • Trading instruments
    • Forex1:500
    • Gold & silver1:200
    • Oil1:100
    • Stocks1:100
    • Indexes1:100
    • Cryptocurrencies1:500
  • Trading platforms
    • MetaTrader 4
  • Digits after dot 5
  • Margin call level 70%
  • Stop-out level 50%
  • Minimum distance to stop/limit orders, pips 4
  • Number of currency pairs (of which exotic) 48 (18)
  • History
    Show history Hide history
View contract specifications

Reviews

15 reviews of FxNet are presented here. All reviews represent only their author's opinion, which is not necessarily based on the real facts.

, Romania.

I have traded with FxNet for a while now and had no problems. Spread are updated on website, and MT4. I was also able to use a Demo account to test trading before investing.

Customer support has been friendly and helpful which makes everything easier.

I would easily recommend FxNet for your investments.

, Cyprus.

Dear all

As a representative of FxNet I have been looking through your reviews to take in all comments (complaints and compliments alike) to keep understanding what the clients are experiencing when trading with FxNet.

To everybody who has left with a sour taste from trading with FxNet I understand there must have been reasons for that, but we are always happy to take calls, emails and live chats to discuss any problems - remember reaching out to the company goes a long way and our customer support team is always ready to assist with any problems and right any wrongs. What may seem like a misunderstanding or a major problem may turn out to be no more than a bump which can be fixed if we collaborate together.

It is important to note that FxNet operates transparently and all our fees, spreads, swaps and any details are listed on our website and can be checked through the platform for a live rate. Following changes our spreads are now variable and can be monitored through each client's MT4 platform.

Once again thank you for your comments and for taking the time to check FxNet and leave your reviews. We welcome everyone back and hope we can give you a new experience as we are happy to speak with first timers and introduce you to our company.

Best Regards

Deema Osman

FxNet Representative

, australia.

Their webpages are misleading stating minimum lot size is .01 when in fact gold/usd is 0.1 Beware when using an EA or you will get a nasty surprise when a lot size of .1 opens and you have hardly any margin. poof goes your money!

, United Arab Emirates.

I am very happy with this broker. They provide me one of the best VPS for free because of my account balance which is 5000 USD. They cover the 10 dollars bank transfer fee. I got 100 dollars margin bonus which is a tradable bonus.

Their trade execution speed is awesome. No slippage or re quotes till today. The support staff is great and very helpful. I have provided my own dedicated personal manager. She is very very helpful. I got my daily trade report and also daily technical analysis and trade suggestions. Their spread is a bit high but they are true STP NDD so that is not a problem for me. There are many brokers who claim that they are true STP but in fact they are not. A true STP broker must have high spreads than other brokers for obvious reasons.

They offered me an Islamic account (No swaps). I had to fill a form with attached proof of my religion. Their only condition is that there must be activity on my account. In other words they will revoke the 'no swap' facility if I abuse the account by just opening a couple of trades and letting them open forever without opening new trades. Which is fair as I understand. So far no swaps charged and a couple of my positions remained open for like 15 days but at the same time I was trading other positions and open and closing positions on daily basis.

So, in short I am very happy. I will keep updating you about my progress with them on monthly basis.

Thanks.

, Norway.

I've been trading with FXNet for half a year now, and I could not be more satisfied....I've been trading on standard account for a while, and just opened a MAM-acount...No problems..

Customer service 10/10, nothing else to say, always helpful...

Spreads 9/10, most important for me is that the spreads are the same at all times, because I trade the news...And it works great on FXNet..

Execution 9/10, all STP brokers have slippage when you trade the news, but FXNet has the best execution I have seen, so my slippage is minimal...

Deposit/Withdrawl: 10/10 Works just like it should..

I'm very satisfied ...!

, Nigeria.

i've been trading for years and i've never seen a broker as good as fxnet. All my trading conditions are met and i feel secure trading with them. I never regret having them as my broker.

, Singapore.

Execution 9/10 Spreads 8/10 Customer service 10/10 Need to admit that they are the real deal. Are they for real? Well when you see their ads in all main broker forums is clear that they have spent a lot of money and I don’t believe they spend them for nothing.

, Indonesia.

when i saw their promotional offer, i decided to trust the.And after made some profit and WD all of my money , i decided to put more money,and WD it again,no problem at all till this time..

my review?

Spreads?not the best if we compare with the other.

customer support? friendly, which is a good point.

WD process using Skrill?fast,under 24 hour.a good point.

server still fast, but this can change if they trusted by many client.

Requotes?never face it, even when i tried to open 0,4 lot/$4 per pips using $300 equity they did not hold my position. a good point.

are they have potension to be a big company?maybe.

are they serious?i saw FXNet banner in most of famous forex portal. means this guys serious to promote their brokerage services

just hope next year we still can open their website.

quite satisfied with their friendly support and services but not with their spreads

oh yeah , almost forgot,i always respect retail broker that develop their own platform, even just a something called "simple trader" .for me broker that develop their own platform means they serious and have Human resources,capital resources

, Bulgaria.

Wow I think Patrick has a bit of a vendetta against fxnet :D. I haven’t traded with them but damn that’s some harsh commenting from this guy – he’s been around all the major forums posting. Can anyone give some real comments about fxnet – seems there is just name bashing here.

, Cyprus.

Dear Patrick,

Thank you for your feedback below; we do not usually go out of our way to comment/ subject on opinions, however we feel it is prudent to inform you of the below, as we have seen you have been busy spreading the same comment on various other review sites, which prompts us to believe you may not be too aware of fixed spread brokers and their conditions.

As such kindly note that yes we are living in a world that many brokers will compete for clients via many means, including the lowering of their spreads whilst others will concentrate on providing a non-conflicting high quality service – we of course belong to the latter.

Acting as a true STP Broker (we in fact are not licensed to act as a market maker – unlike a large majority of other ‘STP’ brokers) we eliminate any conflict of interest between ourselves and our members and we are solely interested in obtaining volume from our clients’ trades – to achieve this it is in our interest to have successful traders, trading larger volumes; in turn for this to happen we have placed the outpost importance in our internal systems and customer support and assistance, thus concentrating most of our efforts on customer satisfaction. To this end we have introduced a unique user friendly web-based platform (MT4 SimpleTrader), have automated our funding methods and have custom made a back office system (members’ area of clients) with our client’s preferences and needs in mind. Additionally we practise a no re-quote policy and allow our clients to trade whenever and however they wish, by allowing them to use all EA’s, hedge, scalp and trade during the news as well as throughout periods of high market volatility with the same fixed spreads – unlikely the common practise of many variable spread brokers.

Regarding your comments/ opinions on our spread; 2.8 pips on the EURUSD may seem high for some clients coming from variable spread brokers and/or market makers; however for brokers providing fixed spread (and which may be STP) this is in fact average, if not below average. I do not wish to list the companies which provide fixed spreads and their spreads due to legal reasons; however with 2 minutes of research on earnforex you will find that indeed our spreads are more than competitive for a fixed spreads broker. The reason true STP brokers, providing fixed spreads do tend to have somewhat higher spreads is due to the fact that they profit from volume and not from client’s losses, as well as the fact, in most cases, that no commissions are being charged.

I hope this may have shed some clarity as to why we provide the spreads we do and that it will not come as such of a shock when you see other brokers with similar spreads.

Always at your disposal,

Costas Kappai

Official Representative of FxNet Ltd

, UK.

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 ?

Albert you have been trading with them oh my god? Either you are an employee then or a noobie. Please read some more about forex and spread and realize that there is a big difference between 1.8 and 2.8.

Ivory Lass from Chicago Illinois. Trading account #8XXXXXXXXX2

Wednesday, January 16, 2013

Good spreads, fast and efficient service and gave me a sign on bonus. Very pleased and will continue to recommend. However- Will update if anything changes

You are kidding me right ? Good spreads ? Please tell me your address so that I can send you a calculator.

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

, Canada.

Just started trading on their demo account and surprised by the time and effort they spend on a demo client - excellent support team.

, Chicago Illinois.

Good spreads, fast and efficient service and gave me a sign on bonus. Very pleased and will continue to recommend. However- Will update if anything changes

, Philippines.

Have been trading with them for a few weeks now with a Standard account, and they are very helpful with most aspects of getting started questions about the market etc. I intend to open a VIP account in near term, after a fe more months of trial on standard. I have no idea what they'd be like with a larger account size, time will tell..

, Latvia.

i am happy trading with fxnet. they have very good and fast support team and i have tested their WD which took less than 1 hour for me to complete

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