FXNet is a CySEC broker with high spreads, some questionable history with the Forex Peace Army, very low number of instruments available, and generally speaking, even though we don’t believe there’s anything wrong with it, there are other options which we find better. Debit Cards, Wire Transfer, CashU, Skrill, Fxnet forex review dot plus additional payment methods.
However spreads may fluctuate during major market announcements. This is an interesting move as the majority of STP brokerages offer variable spreads dependent on the underlying quotes they are receiving from their liquidity providers. Number of Currency Pairings: 25 Major and Minor FX pairings. The range of currency pairings on offer is somewhat limited in comparison to some of the firm’s competitors. Currently the firm offers support in a number of European languages and its worth finding out whether they have support fluent in your particular language. Cypriot financial regulator CySEC and has been since the firm was setup back in 2012. FXNet has received a warning from the Forex Peace Army, but unlike cases where we deemed such brokers to be not trustworthy, the verdict is inconclusive in this case.
They mention only one particular case where FXnet has not responded to their claims, while others were solved. We then assume FXnet is not a scam. However the spreads offered by the brokerage are not the most competitive and some traders may instead decide to opt for a brokerage offering more competitive spreads, and the reputation it has been getting over at some sites is questionable. All information on this website shall not be construed as financial advice. Risk Warning: Trading CFDs carries a considerable risk of capital loss. Being established in 2012 as an online currency trading dealing center by now fxnet has grown into mature investment company with widespread clientele from all over the world. On the broker’s profile page you can write your own fxnet review or to vote for the best forex broker in your opinion.
Pip spread on majors From 0. 36 handle and hit a new four-year high within striking distance of 139. Me and all the people I know who used FXNet lost all they deposited in. They state that withdrawals have been approved and processed only to find out it is not the case. I got ripped off by ukoptions recently, I had to hire a refund professional to get my funds back. Glad I got a refund, happy to share my experience. Our Clients are our main priority and therefore we apply all measures to ensure that each Client is provided with an exceptional customer support, high-end trading technology and excellent trading conditions.
If you have any reasons to believe that we have not met our obligations to you, please send us an e-mail to support, specifying your client number in order to follow up with you personally. FXnet offers the MT4 and Mobile platforms to trade online. It is top forex trading platforms. Being established in 2012 as an online currency trading dealing center by now fxnet has grown into mature investment company with widespread clientele from all over the world. On the broker’s profile page you can write your own fxnet review or to vote for the best forex broker in your opinion. Pip spread on majors From 0.