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FxNet.com Cyprus Based Forex Trading Broker Review

Below is a Forex review of online forex broker FxNet.com. FxNet.com broker is based in Cyprus. Below is a list of the most common review questions about FxNet.com that traders ask about this broker.

 

Forex Broker reviews - Forex Reviews of FxNet.com

 

 

Where is FxNet.com currency broker based

FxNet is based in Cyprus, its address is:

 

Agios Athanasios Avenue, No. 58-60
El Greco Building Office 202,
4102 Limassol,

Cyprus.

 

Is FxNet.com a licensed and regulated Forex broker

Review details of the license, registration and regulation of this FX broker can be found on the brokers’ website.

 

FxNet is regulated by Cyprus Securities and Exchange Commission, CySEC, license number 182/12

 

What is the execution method of FxNet.com

STP, Straight Through Processing instant execution of orders, with No Requotes

 

What are the broker spreads of FxNet.com

The Forex broker spreads are:

 

Spreads

Currency

Spread

EURUSD

2.8 pips

GBPUSD

3.2 pips

USDJPY

2.9 pips

USDCHF

3.3 pips

 

Spreads may vary depending on account type.

 

Financial Instruments Provided For Trading

Currencies

Indices

Commodities

 

What are the account types of FxNet.com online broker

  • Standard Account
  • VIP Account

NB: stop out levels will be increased from 20% to 60% over the weekend.

 

 

Does FxNet.com broker have Islamic Forex Trading Accounts

FxNet provides swap free Islamic Accounts

 

What are the terms for demo accounts for FxNet.com

Unlimited time demo trading account is provided for practice currency trading

 

How is the withdraw and deposit process of FxNet.com

Bank wire, Credit card, debit card, Skrill, Neteller and Webmoney money transfer methods are provided for deposit and withdraw. All methods except bank wire are Instant deposit methods and same day withdraw processing.

 

Bank wire – no charges on deposit and withdraw

 

Credit card, debit card, Skrill deposit fees - 2.5%

Neteller deposit fees - 3.9%

Webmoney deposit fees - 0.9%

 

 

Credit card, debit card withdraw fees - 2.5%

Skrill withdraw fees - 1%

Neteller withdraw fees - 2%

Webmoney withdraw fees - 0.9%

 

 

 

What is the minimum account opening capital for FxNet.com

$5 is the minimum account opening deposit

  • Standard Account - $5
  • VIP forex account - $10,000

 

Does FxNet.com give an account opening deposit bonus

50% account opening deposit bonus is given by FxNet, up to a maximum of $3,000

 

What is the security and reliability of FxNet.com

What is the Forex broker ratings for FxNet.com security and reliability

 

FxNet is regulated by Cyprus Securities and Exchange Commission and has a good rating for security and reliability of deposited funds.

FxNet is a member of Investor Compensation Fund that covers client deposits up to a maximum of Euros 20,000.

FxNet keeps client deposits in a segregated bank account with Investment grade banks.

 

Does FxNet.com accept scalping

FxNet allows scalping trading

 

Does FxNet.com give free education to forex traders

This broker provides learn currency trading education for learn trading online.

 

FxNet provides a learn forex education section where traders can learn technical analysis and other trading FX topics from the forex training how to videos provided within this section.

 

What are the trading platforms of FxNet.com currency broker

Metatrader4

WebTrader

ZuluTrade

iPhone Trader

Android Trader

Mobile Trader

Metatrader4 MAM

 

Is FxNet.com a MetaTrader 4 Forex broker

FxNet.com provides MetaTrader 4 software which is the best Forex trading platform according to reviews.

 

The broker provides This trading platform MetaTrader 4 can be downloaded from the broker’s website.

 

 

Does FxNet.com allow automated forex trading

The broker automated trading policy on automated forex trading is:

 

FxNet allows Expert Advisors automated forex trading on their Metatrader4 platform. Traders can also use the ZuluTrade Platform that is specifically designed for automated trade execution.

 

What are FxNet.com broker website sections

The website sections of this trade broker are:

 

Forex Trading Accounts Section: where traders will find information about accounts such as demo account, practice account and live accounts provided by this currency broker. Traders wanting to start trading can open an account from this section.

 

Contact Section: there is a section of contacts for this fx trading broker, where an fx trader can contact this broker.

 

Forex Trading Platforms Section: this section provides platforms where a trader can choose one for trading online.

 

Commodities and Stock Indices trading section: for information and specifications about these financial instruments.

 

Currency Charts and Currency rates section

 

FAQ section for frequently asked question about this forex broker.

 

Economic calendar section: for updates on currency market news and economic events.

 

Regulated Broker