FxNet Review

Regulation : CySEC

Accepts US Clients: No

Min. Deposit : $25

Leverage : 1:500

Platforms : MT4 Desktop, MT4 Simple Trader, MT4 Web Trader, MT4 iPhone/iPad, MT4 Droid, MT4 Mobile Trader, MT4 MAM

We Like

  • Fixed spread,
  • Low initial deposit to start with
  • A true STP broker with multiple choice of trading platforms

We Don't Like

  • Fixed spread of 2.8 pips is pretty high
  • Do not have OCO orders, Guaranteed Stop Loss, Guaranteed limit orders
The Verdict :

FXNet is a growing broker with full of attractive features for forex traders. Most of their features are very attractive for new comers or beginner forex traders. Advanced and experienced forex trader would like to trade with them as they are a true STP broker. However, they should improve their service in some section, specially trading orders.

  • Expert Opinion
  • User reviews
  • Specifications
Platform:
Trading PlatformsFXNet MT4 Desktop, FXNet MT4 Simple Trader, FXNet MT4 Web Trader, FXNet MT4 iPhone/iPad, FXNet MT4 Droid, FXNet MT4 Mobile Trader, FXNet MT4 MAM.
OS CompatibilityMac, Microsoft Windows, Mobile, Web, iPhone, Android.
Mobile TradingYes
Web Based TradingYes
Platform LanguagesEnglish, Japanese, Chinese Simplified, Chinese Traditional, Korean, Greek, German, Russian, Hungarian, Italian, Arabic
Addition ServicesStreaming News Feed, Charting Package, Trading Signals, Trade from Charts, Automated Trading, One Click Execution
Other Tradable InstrumentsMetals, Oil, Gold, Indices, Stocks, Commodities and CFDs
HedgingYes
ScalpingYes
Trailing StopYes
One Click TradingYes
Automated TradingYes
OCO OrdersNo
Account Details :
Max Leverage1:500
Min. Initial DepositStandard Account - $25
Platinum Account - $10000
CommissionsNo
Typical Spread (Majors)EUR/USD – 2.8 (Fixed)
Deposit OptionsCredit Cards, Debit Cards, MoneyBookers, Wire Transfer, Western Union, Neteller, WebMoney, Liberty Reserve, China UnionPay, Ukash, QIWI, EUTeller, Banklink, Neosurf, Poli, eNets, DIRECTebanking, OBT, Giropay, EC, Nordea Solo, Inteligo, Pekao, iDeal, Lasr, Carte Bleue, Dankort, ePay.bg, EPS
Withdrawal OptionsCredit Cards, Debit Cards, MoneyBookers, Wire Transfer, Western Union, Neteller, Liberty Reserve, China UnionPay, Ukash, QIWI, EUTeller, Banklink, Neosurf, Poli, eNets, DIRECTebanking, OBT, Giropay, EC, Nordea Solo, Inteligo, Pekao, iDeal, Lasr, Carte Bleue, Dankort, ePay.bg, EPS
Demo AccountYes
Account TypesStandard and Platinum
Number of pairs offered25
Dealing DeskNo Dealing Desk, STP
Additional FeaturesMAM, Economic Calendar, Technical Analysis Tutorials, Fundamental Analysis Tutorials, Video Tutorials, Currency Rates etc.
Bonus and Promotion:
No Deposit BonusNo
First Deposit Bonus100%
Other Promotional OffersNA
Company Information :
Headquarter InLimassol, Cyprus
Established Year2012
Regulating AuthorityCySEC
Websitewww.fxnet.com
US Clients AcceptedNo
Customer Support LanguagesEnglish, Japanese, Chinese Simplified, Chinese Traditional, Korean, Greek, Russian, Arabic
Support byLive chat, Telephone, Fax and Email and Trading Desk Phone Number