FxNet Broker Review
FxNet, operating since 2012, has established itself as a reliable forex broker. Complying with regulatory requirements in several European countries, it offers competitive trading conditions suited to traders with varying levels of initial deposit. This review is based on an in-depth analysis and client reviews to verify the information provided on the platform.
Licenses and Regulation
FxNet is registered in Cyprus with its headquarters in Limassol. The broker operates under the oversight of several regulatory authorities, including:
- CySEC – Cyprus Securities and Exchange Commission
- FCA – Financial Conduct Authority (UK)
- FSCA – Financial Sector Conduct Authority (South Africa)
- BaFin – Federal Financial Supervisory Authority (Germany)
- Other regulators in France (ACPR), the Netherlands (AFM), Spain (CNMV), and more.
Trading Conditions
FxNet offers three types of trading accounts, each with unique features:
- Standard Account
- Minimum deposit: $50
- Spreads starting from 2.3 pips
- No commission on trades
- VIP Account
- Minimum deposit: $10,000
- Spreads starting from 1.9 pips
- No commission on trades
- Platinum Account
Minimum deposit: $25,000- Spreads starting from 0 pips
- Commission: 1.2 pips per closed lot
- 24/5 customer support
Trading conditions are consistent across accounts for other features. FxNet supports a variety of currencies, including USD, EUR, GBP, AUD, PLN, CAD, and more.
Platform
All transactions are conducted on the MetaTrader 4 (MT4) platform, a reliable tool praised by users for its advanced features. Trading is available on both desktop and mobile devices, ensuring accessibility for traders on the go.
Deposit and Withdrawal
FxNet provides a variety of deposit and withdrawal options. Below is an overview of available methods and associated fees:
| Method | Deposit Fee | Withdrawal Fee | Processing Time |
| Bank Transfer | Free | Free | Up to 5 business days |
| VISA/MasterCard | 3% | Free | Up to 5 business days |
| QIWI | 6.5% | 2% | Instant (withdrawals: 5 days) |
| WebMoney | 2% | 1.85% | Instant (withdrawals: 5 days) |
| Skrill | 2.5% | 1% | Instant |
| Neteller | 3.9% | 2% | Instant |
| UnionPay | 1.7% | 10 CNY | Instant |
| FastBank | From 2.5% | Free | Up to 5 business days |
While deposit processing times are generally quick, clients have reported delays in withdrawals.
Advantages and Disadvantages
Advantages:
- Regulated by reputable authorities
- Wide range of trading assets
- Advanced features and tools
- Instant order execution
- Accounts tailored to different trader levels
- Support for automated trading and scalping
- Trading via the popular MT4 platform
Disadvantages:
- No investment service
- No Russian-language website
- Lack of contests or tournaments
- Limited educational resources
- Complaints about withdrawal delays
Summary
FxNet is a well-regulated forex broker that has gained traction among traders in the CIS region despite the absence of a Russian-language site. While the broker does not offer bonus programs or a low entry threshold, it compensates with a wide selection of currency pairs and other financial instruments. Clients benefit from numerous analytical tools for tracking global market events and obtaining accurate quotes.
FxNet’s trading conditions are competitive, with advantages such as commission-free trades and low spreads highlighted in client feedback.
However, concerns about reliability remain, with complaints about delayed withdrawals and account blocks appearing on online forums. While FxNet’s licenses from European regulators suggest a level of security, potential clients should weigh the pros and cons carefully before engaging.
Just registered an account at FxNet. The registration process was simple, documents approval was quick as well.
FXnet offers the MT4 and Mobile platforms to trade online. It is top forex trading platforms. Company delivers tens currency pairs and other trading instruments. Slippage size is the smallest one among other brokers out there. Based on my logs of executed orders I can also confirm tight spreads. Absolutely no server disconnections in the most active trading time in all sessions.
These guys are definetely safe when it comes to withdrawals. I deposited and withdrew 250USD twice just to check them. Processed both times with no issues and with no withdrawal cost.