FxNet Review

FxNet is an online trading broker that has been operating from Belize since 2012. They provide their traders with the MetaTrader 4 trading platform for online trading of multiple trading instruments across different asset classes, including forex, commodities, shares, metals, indices, and bonds. The broker operates the market execution model and offers low spreads, no requotes, and leverage of up to 1:500. Traders also enjoy access to some trading tools and educational resources.

FxNet

5.6

Spreads

5.5/10

Liquidity

5.5/10

Commissions

6.0/10

Support

6.0/10

Regulation

5.0/10

Features

  • The MetaTrader 4 trading platform
  • Multiple trading instruments across different asset classes
  • Economic Calendar, Holiday Calendar, and other trading tools
FxNet Review Instruments
FxNet Review Instruments

FxNet Review Introduction

In this FxNet review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support, and broker regulation.

You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers including FxNet.

FxNet Platforms & Tools

Clients are allowed to trade the offered instruments through the MetaTrader 4 trading platform, which was developed in 2005 by the Russian Software Company, MetaQuotes. MT4 has since grown to become the leading trading platform amongst forex/CFD traders. The platform has an intuitive and user-friendly interface, making it a platform of choice for both beginners and advanced traders. It is available as a desktop application for Windows and Mac computers and a WebTrader that runs directly on modern web browsers and operating systems, including Chrome, Safari, Firefox, and Edge, without any need for downloads or installations. There is also a mobile app that is designed for smartphones running on Android and iOS systems. The mobile app allows traders to manage their accounts and place trades at any time and from anywhere in the world as long as there is an internet connection.

FxNet Review Trading Platforms
FxNet Review Trading Platforms

Trading tools such as the Economic Calendar that shows the timetable for economic data releases, Holiday Calendar, Market Hours, CFD Expiration Dates, and Margins Requirements, are available to ensure an enhanced trading experience.

FxNet Research & Education

The broker’s website has an FAQ section; it gives prompt answers to clients’ most commonly asked questions.

FxNet Trading Accounts

FxNet offers three account options to suit the trading needs of various traders. They have variable spreads ranging from 0 pips to 2.3 pips, while the minimum required deposits vary as follows: Standard Account ($50), VIP Account ($10,000), and Platinum Account ($25,000).

FxNet Review Account Types
FxNet Review Account Types

FxNet Account Funding

The broker accepts the following payment methods: Wire transfer, Skrill, Neteller, and Credit/Debit cards, such as Visa and MasterCard. Deposit and withdrawal commissions and processing time vary with the payment method used.

FxNet Customer Service

FxNet offers a client support team that can be reached via telephone, email, Live Chat, and the ‘Leave Us a Message’ box on the broker’s website.

FxNet Regulation

FxNet is owned and operated by BelFx Limited, which is an international business company with registration number 130266 that is authorized and regulated by the International Financial Services Commission (IFSC) under the license number, IFSC/60/260/TS/17.

FxNet Review Summary

FxNet is generally an online trading broker that has been operating from Belize since 2012. They offer traders multiple financial instruments for trading online through the MetaTrader 4 trading platform. The broker operates the market execution model and offers low spreads, no requotes, and leverage of up to 1:500. Clients also get to make use of some trading tools and educational resources. There are multiple account options to suit the individual trader’s needs, as well as a wide choice of account deposit and withdrawal methods.

It is worth mentioning that some of the trading products and services in this FxNet review may differ or not be available to traders in some countries due to regulations. As brokers’ terms can change over time, please verify all information is up to date directly from the FxNet broker website which you can visit by using the link below.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

FxNet

5.6

Spreads

5.5/10

Liquidity

5.5/10

Commissions

6.0/10

Support

6.0/10

Regulation

5.0/10

Features

  • The MetaTrader 4 trading platform
  • Multiple trading instruments across different asset classes
  • Economic Calendar, Holiday Calendar, and other trading tools