FxNet review and tutorials

FxNet
FxNet

Detailed FxNet Review 2021: Forex, CFD'S and Crypto Regulated Broker

FxNet is a brokerage firm established as a Cyprus Broker with a biography spanning a decade in the financial investment industry, based on knowledge and professional approach.

What’s the FxNet?

FxNet is a brokerage firm founded in Cyprus, with experience spanning over a decade in the financial investment industry and focused on experience and professional approach.

As an STP broker, you can trade in a Market Execution that offers reasonable prices, with no strategy constraints, while maintaining a high level of customer satisfaction and serving its clients.

FxNet website

Trading Instruments

In addition to providing effective execution and consumer connection through liquidity providers, there is exposure to different markets, including Currencies, Metals, Shares, Bonds, Commodities and Indices.

Nonetheless, there is no detailed educational content, only trading information with economic calendars, news feeds and other key details. Beginning traders are better off seeking another source of learning, but there are good conditions to start trading with FxNet.

trading assets

Is FxNet secure or is it a scam?

FxNet, as an investment company in Cyprus, operates under CySEC, part of European Union legislation and is completely compliant with the MiFID regulatory directive operating within the EEA region. FxNet serves additional organizations via the Belize offshore sector so that the organization receives global publicity.

Nonetheless, we would suggest trading with the company only because of its regulatory responsibilities and the client’s coverage of grievances in some unlikely situations or experiences with FxNet.

FxNet ltd

It is considered secure to trade with FxNet due to its lisense, as its operating standards are laid down in compliance with the regulations, along with the security of the client with money segregation and participation in investor compensation schemes.

Platforms for Trading

FxNet supports MetaTrader4 as an industry-leading software that is currently the best known and used platform. MT4 supported by a range of applications offers you access to trading on any platform and keeps you in charge at all times.

FxNet

FxNet does not limit the use of any particular techniques, so you can deploy trading styles as you wish, either manually or automatically, via EAs. MetaTrader is known for its strong charting tools and numerous add-ons that improve trading analysis and order execution.

Furthermore, FxNet introduced additional advantages through its genuinely well-managed market access through the use of multiple liquidity suppliers along with competitive pricing.

What are FxNet’s costs and fees?

There are three account types provided by FxNet, so if you are a novice or a seasoned trader, there is a suitable account for you. There is also an offer of Islamic Accounts that is appropriate for those who comply with Sharia law and is available for day trading and defined terms and conditions.

trading account types

Fees

FxNet spread is based on tight variable spreads, which are also specified by the form of account. The Standard account has significantly higher rates, with spreads starting from 2.3 pips. The VIP account has lower spread charges from 1.9 pips. The premium account features 0 spread plus a commission fee of 1.2 pips per closed lot, which is a choice for experienced traders.

Examples below to understand the price, which is perceived to be the average rate relative to the industry offerings.

FxNet spreads

Bear in mind the FxNet rollover or overnight fee, an expense paid to positions held longer than a day. Every instrument charges a different quote for overnight positions – you can also see some of the swap examples above.

Leverage

The overall leverage offered by FxNet is a max of 1:500, which is only available while trading with an offshore FxNet company. In the event that you are legally resident in the EU, you will be subject to regulatory constraints where lowered ratios may be used for retail traders. 1:30 for major currencies, 1:20 for minor currencies and 1:10 for commodities. This will also rely on the trading expertise, as professionals can have exposure to higher ratios for risky goods by verifying their status.

Always know how to use leverage correctly, leverage can also increase your possible losses and is a different function with various devices.

What payment methods does FxNet offer?

The last section of the FxNet analysis is the method of payment and how you can move funds to or from your account. Fortunately, FxNet provides a wide range of payment options, so you’ll certainly find the one that’s right for you. Methods include Card Payments, Bank Wire, e-wallets, WebMoney, Turstly, iDeal, Przelewy24 and more.

Minimum Deposit

There is a minimum deposit determined by the account type with a minimum of just $50 per Standard Account. VIP and Platinum accounts would require much higher deposits of 10k$ and 25k$ respectively in exchange for providing additional benefits to their holders.

funding methods

Fee for Withdrawal

Each method has its own fixed fees, which are considered to be payment provider fees. So, when depositing or withdrawing money, be sure to check the correct fees. Some examples of fees you can see above. For other methods, visit the customer service department or see the brokers’ website.

Final Word

In the FxNet Review, we can see that they are flexible over the trading process, including adjustable leverage, options between accounts, regulatory assurances, and different trading properties.

Trade costs are regular compared to other brokers, while professionals can optimize strategy with raw spread and commission per charge. Thus, a trader of any size or portfolio can trade FxNet.

FxNet trading information

Bonus
Instruments
Forex, indicies, commodities, shares
Demo Account
Min. Deposit
50 US$
Min. Trade
0.01
Regulated By
FCA, CySEC
MT4 Integration
MT4
Mobile Apps
Yes
Auto Trading
Yes
Trade Signals
Islamic Account
Yes
FxNet

Forex

GBPUSD Spread
N/A
EURUSD Spread
N/A
EURGBP Spread
N/A
Assets
N/A

CFD

FTSE Spread
N/A
GBPUSD Spread
N/A
Oil Spread
N/A
Stocks Spread
N/A

Cryptocurrency

Spread
N/A
Coins
N/A

Official FxNet Registration

FxNet

CLAIM OWNERSHIP

If you are the owner of this platform you can manage this account. First you need to claim the ownership of the platform.

FxNet
Authorized brokers
IG Group
Visit IG Group
ZacksTrade
Visit Zacks Trade
BDSwiss Forex Review
Visit BDSwiss
Nadex Forex Broker Review
Visit Nadex
FXCM Broker Review
Visit FXCM
NinjaTrader
Visit NinjaTrader
Trading 212 broker review
Visit Trading 212
deriv logo
Visit Deriv.com
IC-Markets-Logo
Visit IC Markets
Skilling broker review
Visit Skilling.com
bitcoin
Bitcoin (BTC) $ 19,473.89 1.07%
ethereum
Ethereum (ETH) $ 1,084.61 1.85%
tether
Tether (USDT) $ 1.00 0.05%
cardano
Cardano (ADA) $ 0.458579 0.17%
solana
Solana (SOL) $ 33.45 1.20%
xrp
XRP (XRP) $ 0.324271 2.71%
polkadot
Polkadot (DOT) $ 6.95 1.79%
dogecoin
Dogecoin (DOGE) $ 0.067506 0.99%
usd-coin
USD Coin (USDC) $ 1.00 0.05%
shiba-inu
Shiba Inu (SHIB) $ 0.000010 0.19%
avalanche-2
Avalanche (AVAX) $ 16.51 0.51%
chainlink
Chainlink (LINK) $ 6.22 0.39%
uniswap
Uniswap (UNI) $ 4.94 0.37%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 19,508.31 1.37%
litecoin
Litecoin (LTC) $ 51.21 1.15%
binance-usd
Binance USD (BUSD) $ 1.00 0.07%
algorand
Algorand (ALGO) $ 0.315694 2.49%
matic-network
Polygon (MATIC) $ 0.466937 2.29%
bitcoin-cash
Bitcoin Cash (BCH) $ 105.88 0.26%
cosmos
Cosmos Hub (ATOM) $ 8.21 0.87%
vechain
VeChain (VET) $ 0.022786 1.70%
stellar
Stellar (XLM) $ 0.110165 1.41%
internet-computer
Internet Computer (ICP) $ 5.28 0.40%
fantom
Fantom (FTM) $ 0.257922 5.03%
axie-infinity
Axie Infinity (AXS) $ 14.32 3.03%
ftx-token
FTX (FTT) $ 24.50 0.34%
filecoin
Filecoin (FIL) $ 5.38 0.71%
tron
TRON (TRX) $ 0.065518 0.38%
dai
Dai (DAI) $ 1.00 0.10%
ethereum-classic
Ethereum Classic (ETC) $ 14.94 1.26%
theta-token
Theta Network (THETA) $ 1.22 3.19%
near
NEAR Protocol (NEAR) $ 3.33 0.24%
compound-ether
cETH (CETH) $ 21.65 1.21%
okb
OKB (OKB) $ 12.41 2.70%
hedera-hashgraph
Hedera (HBAR) $ 0.062916 0.87%
tezos
Tezos (XTZ) $ 1.46 1.07%
staked-ether
Lido Staked Ether (STETH) $ 1,046.28 2.27%
elrond-erd-2
Elrond (EGLD) $ 51.65 2.52%
monero
Monero (XMR) $ 117.22 1.10%
crypto-com-chain
Cronos (CRO) $ 0.113860 0.77%
eos
EOS (EOS) $ 0.947637 0.84%
pancakeswap-token
PancakeSwap (CAKE) $ 3.09 1.79%