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Score

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/10

FxNet

United Arab Emirates|5-10 years|
Suspicious Regulatory License|MT4/5 White Label|Regional Brokers|Suspicious Overrun|High potential risk|

https://www.fxnet.com/eu/en/

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

White Label

2
Server Name
OLOplatforms-Demo MT4
Server Location Netherlands

Contact

+971 42 482 303
support@fxnet.com
https://www.fxnet.com/eu/en/

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

English

+971 42 482 303

German

+357 25 108 111

Broker Information

More

Company Name

Fxnet Ltd

Company Abbreviation

FxNet

Platform registered country and region

United Arab Emirates

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away! 5
Previous Detection : 2024-02-27
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The CyprusCYSEC regulation (license number: 182/12) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Verification

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FxNet · Company Summary

General Information & Regulation

FxNet is a global STP broker offering investors trading services in more than 40 currency pairs, stocks, and CFDs. FxNet is a trademark of FxNet Ltd, which is authorized and regulated by CySEC in Cyprus (Regulatory Number: 182/12).

Market Instruments

FxNet provides investors with financial trading assets, including more than 40 kinds of CFDs on Forex currency pairs, stocks, bonds, commodities, and stock indices.

Minimum Deposit

To meet the investment needs and trading experience of different investors, FxNet offers three different types of trading accounts: Standard (minimum opening amount of $50), VIP (minimum opening amount of $2,000), and Platinum (minimum opening amount of $5,000).

FxNet Leverage

In respect to trading leverage, the maximum leverage offered by FxNet is up to 1:500, which is considered high. Since margin trading is full of risk, inexperienced traders are not advised to use too high trading leverage.

Spreads & Commissions

Spreads on FxNet Standard accounts start at 2.3 pips and on VIP accounts at 1.9 pips. The spreads for Platinum accounts start from 0 pips, with a commission of $12 per lot.

Trading Platforms

FxNet offers traders the internationally recognized MT4 trading platform, as well as the MT4 desktop, MT4 web, and MT4 mobile applications. MT4 offers a full range of trading tools and resources: more than 50 built-in technical indicators, advanced charting packages, various EA's (Expert Advisors), and a wide range of backtesting options for them. Traders can download ready-made or create their own EA and then let the program do all the work. Additionally, FxNET offers VPS hosting, so the client can run the EA 24/7 even if the PC is turned off.

Deposit & Withdrawal

FxNet offers a range of convenient deposit and withdrawal methods, mainly Visa/MasterCard/Maestro credit/debit cards, bank wire transfers, and e-wallet payment systems such as Skrill, Neteller, China UnionPay, Qiwi, WebMoney, FastBank, Przelewy24.

User Reviews

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User comment

4

Comments

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(「・ω・)「嘿
more than one year
This hateful FXNET deleted my profits without giving me any reason. I just cannot believe that they do this to me. I trust them a lot while they frustrated me so much.
2023-03-02 09:46
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0
0
FX1226459765
more than one year
Scam from the very first phone call, it is all a lie and a manipulation and I lost $5 000, maybe it can be recovered but not directly through speaking with FxNet. My advice is STOP TAKING THERE CALLS, NEVER GET ON ANYDESK WITH THEM AGAIN!
2023-02-15 13:55
Reply
0
0
微18872749193
more than one year
Never got a penny until I realized they don’t want to give me my deposit back, I keep ringing and sending several emails but I got nothing back from them. They has gone... Trash! Scam!!
2022-12-13 17:22
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0
0
FX1119359621
more than one year
Deposited $ 2000 in this platform, however, Fxnet did not treat me in a good business manner. My incompetent account manager kept giving me wrong signals. I lost all my initial deposit…. Guys, please don’t come!
2022-12-09 16:18
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0
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