Home -
FxNet -

Score

1.59 /10
Danger

FxNet

United Arab Emirates

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

Suspicious Overrun

High potential risk

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

Add brokers

Comparison

Expose

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index7.60

Risk Management Index0.00

Software Index4.00

License Index0.00

Open Account
Website

Licenses

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

Single Core

1G

40G

open now

Broker Information

More

Company Name

Fxnet Ltd

Company Abbreviation

FxNet

Platform registered country and region

United Arab Emirates

Company website

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 5
Previous Detection : 2025-01-09
  • 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

FxNet · Company summary
FxNetReview Summary
Founded2004-03-22
Registered Country/RegionUnited Arab Emirates
RegulationUnregulated
Market InstrumentsCurrency Pairs/Currencies/Metals/Stocks/Commodities/Stock Index
Demo Account/
Leverage/
SpreadFrom 0 pips
Trading PlatformMT4(Windows/iOS/Android/Webtrader)
Min Deposit/
Customer SupportPhone: +357 25 108 111
Email: support@fxnet.com

FxNet Information

FxNet LTD is a Cypriot Investment Firm (CIF) and an STP broker, providing online trading services for Forex and CFDs. The trading instruments also include major and minor FX currency pairs, metals, energies, commodities, stock indices/bonds, and shares of the world's largest companies.

FxNet Information

Is FxNet Legit?

FxNet is not regulated, even though it claims to be authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC), under license number 182/12. Similar suspected cloning situations also occur under the supervision of the Federal Financial Supervisory Authority (BaFin), the Financial Conduct Authority (FCA), and the Autorité des Marchés Financiers (AMF). However, an unregulated broker is not as safe as a regulated one.

Is FxNet Legit?
Is FxNet Legit?
Is FxNet Legit?
Is FxNet Legit?
Is FxNet Legit?

What Can I Trade on FxNet?

FxNet offers various market instruments, including currency pairs, currencies, metals, stocks, commodities, shares, bonds, and stock indexes.

Tradable Instruments Supported
Stock Index✔
Commodities✔
Stocks✔
Cryptocurrencies✔
Precious Metals✔
Currency Pairs✔
Shares✔
Bonds✔
What Can I Trade on FxNet?

Account Type

Trade Online Forex Currencies with FxNet through STANDARD, VIP, and PLATINUM accounts with different spreads. With FxNet, traders have direct access to the forex market 24/5.

Account Type STANDARDVIPPLATINUM
Minimum Spread (points)23180

FxNet Fees

The spread is from 0 pips. The lower the spread, the faster the liquidity.

Trading Platform

FxNet cooperates with the authoritative, which is available on Windows, iOS, Android, and Webtrader. Junior traders prefer MT4 over MT5, as prefer MT4 over MT5. MT4 provides various trading strategies and implements EA systems.

Trading PlatformSupported Available Devices Suitable for
MT4✔Windows/iOS/Android/WebtraderJunior traders
Trading Platform

News

NewsFxNet Pays €60,000 to Settle Multiple Violations with CySEC

The CySEC fine reflects the violations of several articles of the Investment Services and Activities and Regulated Markets Law.

WikiFX
2022-02-14 16:34
FxNet Pays €60,000 to Settle Multiple Violations with CySEC
About More

User Reviews

More

User comment

4

Comments

Write a review

(｢･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.
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.
Translate to English
2023-03-02 09:46
Reply
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!
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!
Translate to English
2023-02-15 13:55
Reply
0
0