FXONET LTD

FXONET LTD Information

FXONET LTD is an unregulated brokerage company registered in Comoros. This firm boasts of its expertise in CFD trading with its managed portfolio service. However, its lack of transparency about trading fees and limited customer support options are major drawbacks.

Pros and Cons

Is FXONET LTD Legit？

FXONET LTD currently does not hold any valid regulatory certificates. Although it is incorporated in Comoros, it lacks regulation from any recognized financial authority. Opening an online brokerage account can be an easy way to start investing and there are always risks in investing. But we can choose to stay away from certain risks.

What Can I Trade on GLX？

Building a diversified portfolio is important for managing risk. The more diverse your portfolio is, the more insulated your investments can be against market volatility. FXONET LTD provides trading CFDs on forex, commodities, and indices. Compared to other online brokerages, RAVEX GLOBAL doesn't offer as many ways to invest. Whether this is a pro or con for you depends on your investment strategy.

Managed portfolios give you the benefit of professional advice and guidance when investing. And this is a service FXONET LTD offers if you're interested.

Customer Support Options

For any question you might have, help is available via email (info@fxonetltd.com) and an online message box. There is no customer support phone number listed on the website and live chat isn't available. Some clients may find that a bit inconvenient.

The Bottom Line

FXONET LTD could be a option if you focus on CFDs trading with managed portfolio as an option. However, potential clients might be wipsawed by the lack of transparency about trading conditions and limited customer support channels. Furthermore, FXONET LTD is not regulated by a financial authority with strict standards. There are many other brokerages that adhere to stringent regulatory standards and give you more customer support choices. If you're a beginning investor, you may want to try another online investing platform.

FAQs

Is FXONET LTD safe？

FXONET LTD is not regulated by any reputable financial authority. Before choosing a brokerage, remember to consider the risk involved.

Is FXONET LTD good for beginners？

No, its website lacks information about account types and trading fees. Furthermore, customer support options are limited.

Does FXONET LTD offer managed portfolio service？Yes, investment experts of FXONET LTD can put together a portfolio for you.

Risk Warning

Online trading involves considerable risk, so it may not be suitable for every client. Please make sure that you totally understand the risks involved and notice that the information above provided in this review may be subject to alteration owing to the constant updating of the company's services and policies.