The whole truth about FxNet broker: detailed review and real reviews
**The whole truth about FxNet broker: detailed review and real reviews**
Company FxNet started its activity in 2012 and positions itself as a reliable forex broker. It complies with the legislation of several European countries and offers advantageous trading conditions for traders with any starting capital. Despite the absence of a Russian-language version of the official website fxnet.com, the service has become popular in the post-Soviet space. Our review is based on personal research as well as client feedback.
Regulation of activities
Forex broker FxNet is registered in Cyprus, with its main office in Limassol. The company’s activities are regulated by several organizations, including CySEC, FCA, FSCA, BaFin, and other European regulators. Thanks to strict control even with offshore registration, the service fxnet.com has gained the trust of major investors and CIF participants, providing asset protection for clients through the Compensation Fund up to 20,000 euros per trader.
Trading conditions and platforms
Forex broker FxNet offers traders a choice of 3 types of accounts: Standard, VIP, and Platinum. The conditions for all accounts are the same, except for the initial deposit and spreads. Currency pairs available for trading include USD, EUR, GBP, AUD, PLN, CAD, and other popular currencies. The service also provides the opportunity for margin trading with leverage up to 1:500 and the use of the MetaTrader 4 platform for trading.
Account funding and withdrawals
Forex broker fxnet.com supports various methods of deposit and withdrawal, including bank transfers, VISA/MasterCard cards, electronic payment systems QIWI, WebMoney, Neteller, Skrill, and others. Each method has its conditions and fees, ensuring convenience for clients.
Additional features
Among the additional features offered by forex broker FxNet, it is worth highlighting the presence of a demo account for novice traders, market news and analysis, a VPS server for automated trading, and an affiliate program. The company also provides various tools for analysis and trading, such as Trading Central, FxPro Direct, FxPro Tools, and cTrader Automate.
Review of FxNet company reviews
Our research has shown diverse opinions from users about working with forex broker FxNet. Clients express both positive and negative reviews, noting both the strengths and weaknesses of the service.
Advantages and disadvantages of FxNet company
Based on the review results and client feedback, the following advantages of forex broker FxNet are highlighted: regulated activities, asset availability, wide selection of additional features, instant order execution, various accounts for traders of different levels, and the use of the MT4 platform. Among the disadvantages are the absence of an investment service, lack of a Russian-language website version, absence of contests, and delays in profit withdrawals.
Conclusion
FxNet is a reliable forex broker with various opportunities for traders. Despite some drawbacks, the service offers market-average trading conditions and a wide range of assets. It is important to be attentive when working with the broker and monitor market conditions.
Author: Viktor Saltykov