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FxNet
Regulatory Status
UnverifiedRegulation & License
Regulatory Information: No valid regulatory information found. Proceed with caution.
Score
1.62 /10 Regulation
0.00
License
0.00
Business
7.88
Software
4.00
Risk Control
0.00
FxNet Comprehensive Review
FxNet demonstrates overall weak performance and is not recommended for risk-sensitive investors, with a very low composite score of 1.62, a business scope classified as a Suspicious Operational Region, and no verifiable active forex trading license despite claiming authorization from CySEC in Cyprus, a status that poses a severe risk warning for potential traders. Note: Regulatory status, trading conditions, and risk assessments may vary by jurisdiction. The WikiFX score reflects currently available information. Please verify all entity details independently before trading. (Updated: 2026-05-23)
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Is FxNet Safe?
Is FxNet regulated, and what is its oversight status?
FxNet presents a highly unverified regulatory profile, with significant oversight gaps. The broker is currently designated as having a Suspicious Operational Region. While it claims authorization under a CySEC (Cyprus Securities and Exchange Commission) Derivatives Trading License for Market Makers, this license is officially listed as Unverified. The company operates under Fxnet Ltd, registered in the United Arab Emirates. Investors should verify any claimed license number directly with the CySEC official website for authenticity before considering any engagement.
How is FxNet's safety score calculated and broken down?
FxNet has a composite score of 1.62, with a regulatory rating of 0.0, a risk control rating of 0.0, a software rating of 4.0, a business rating of 7.86, and a license rating of 0.0. This overall score aggregates performance across key safety dimensions, including oversight strength, operational risk management, platform stability, business maturity, and license legitimacy. The ratings show significant weaknesses in several regulatory and compliance areas, while platform stability and business operations receive more favorable scores. As traders have different priorities, it is important to weigh each dimension's relevance individually.
What are the operational highlights for trading with FxNet?
FxNet has operated for 5-10 years, is registered in the United Arab Emirates, and offers a low minimum deposit of 50 USD on its Standard account. The broker serves a global client base with multi-asset trading on the widely-used MetaTrader platform, providing a range of instruments that includes over 40 currency pairs, stocks, and contracts for difference. This operational setup combines several years of market presence with an accessible account entry point and a familiar software environment for traders.
What is the trading environment like for FxNet?
Details regarding FxNet's execution speed, server count, and trading environment grade are not currently publicly disclosed. The broker offers three account tiers—Standard, VIP, and Platinum—with maximum leverage up to 1:500. All accounts support scalping, Expert Advisors (EAs), and hedging, providing a high degree of trading flexibility. The specific trading platforms and software in use are not explicitly listed.
Which trading instruments are available through FxNet?
FxNet offers trading services in more than 40 currency pairs, stocks, and CFDs, as categorized under Currencies, Commodities, Indices, Shares & Bonds. Its available account types provide access to this product range but do not list specific instrument counts or additional asset classes. Traders should verify that this coverage aligns with their specific investment strategies and product requirements.
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FxNet Regulation & License
- No Regulatory Information
Note: The above regulatory information is sourced from the official FxNet website.
Basic Information
Registered Region
United Arab Emirates
Operating Period
5-10 years
Company Name
Fxnet Ltd
Customer Service Email Address
support@fxnet.com
Contact Number
+971 42 482 303
Company Website
https://www.fxnet.com/eu/en/
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Frequently Asked Questions About FxNet
Is FxNet a regulated forex broker?
FxNet presents significant regulatory uncertainty. While the broker claims authorization from the Cyprus Securities and Exchange Commission (CySEC) under license number 182/12, the regulatory body lists this license's status as 'Unverified'. Furthermore, no formally recognized forex trading license is currently on record for FxNet. Its operational region is designated as suspicious. You are strongly advised to verify any regulatory claims independently before engaging in any trading activity.
Is FxNet safe to trade with based on WikiFX data?
FxNet exhibits substantial safety concerns according to its composite score and regulatory status. The broker holds a low composite score of 1.62, which aggregates key risk dimensions. Its regulatory rating is 0.0, its risk control rating is 0.0, and its license rating is also 0.0. While the business and software ratings are higher at 7.86 and 4.0 respectively, the overall profile indicates high risk. This assessment suggests caution is warranted.
Is FxNet suitable for beginners?
FxNet may present several challenges for beginners. The broker's regulatory status is unverified and its overall risk profile is a concern. While the entry threshold can be low, with a minimum deposit of $50 on its Standard account, the maximum leverage of 1:500 carries significant risk. Trading is available on the MetaTrader platform, which is widely used. However, beginners should prioritize brokers with transparent and robust regulatory oversight when learning to trade.
What leverage can traders use with FxNet?
What can I trade on FxNet?