FxNet Review

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Company Overview

FxNet, an EU regulated online forex broker company, is known around the world since 2012. It offers an exceptional trading environment for amateur and expert traders alike. Its headquarters is in Limassol, Cyprus and is regulated by the CySec. FxNet has established a reliable trading system comprising of advanced technology, which has entitled it to be a sound, trustworthy and reliable forex broker.

Trading platform

FxNet offers the financial industry’s most sought after trading platform, which is MetaTrader 4. MT4 can be accessed by numerous applications to suit the client’s needs, so you can access it from your desktop, Android and iOS devices. It also provides MultiTerminal and Multi-Account Manager (MAM). It allows its clients to use their similar accounts from all MT4 applications.

It offers different types of accounts like Real or Demo, Islamic, Corporate and MAM accounts. A real account has three subdivisions: standard, VIP, and platinum. A standard account’s minimum deposit is $50 with spreads from 2.3 pips, VIP account’s minimum deposit is $2000 with spreads from 1.9 pips, and platinum account’s minimum deposit is $5,000 with zero spread. All three sorts of accounts have a leverage ranging from 1:1 to 1:500, order execution type is market execution, minimum order size is 0.01 and maximum order size is 20. There is no commission for VIP and standard account holders, and mobile and telephone trading is allowed in all three types of accounts.

Islamic account holders can do trading without any interest. It offers swap-free trading according to Sharia law. Islamic account can be either standard or VIP.

For corporate bodies, FxNet provides the corporate account with no limit on scalping. Leverage level is 1:500 and training from experts is obtainable too. MAM (Multi-Account Manager) account is the best option for those traders who wish to control multiple sub-accounts from a single account.

FxNet offers variety in payment options too. Clients can deposit funds conveniently through wire transfers, Visa, MasterCard, Skrill, WebMoney, and other acceptable payment options. Supported currencies are EUR, RUB, GBP, YEN, and USD.

Features

  • Leverage up to 1:500
  • Allows scalping and news trading
  • STP model for all trading accounts
  • Reliable
  • Zero balance sanctuary
  • No rejections or re-quotes

Customer Support

FxNet provides support 24/5. Clients can contact it through Skype calls, live chat on its website, phone calls and e-mails, and supported languages are Arabic, Greek, English, German, Czech, and Russian. It also helps its clients through the FxNet Academy, which is a forex education center. It offers a forex dictionary, beginner’s e-book, practice on demo accounts and MT4 how-to video tutorials and gives forex tips to amateur clients.

Conclusion

FxNet provides a convenient platform for traders at all levels. Though it only has a sole trading platform MT4, since most traders prefers MT4, it doesn’t quite make it a disadvantage. Another good thing about FxNet is that for enhancing the trading experience of clients, it offers various education tools for learning. In short, it is quite a favorable forex broker company in the trading industry.

Office website: https://fxnet.com/

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