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FxNet reviews

Average: 3.2 based on 21 reviews

FxNet Forex broker reviews

  • Website:
  • Year since: 2012
  • Headquarters: Limassol, Cyprus
  • Company registration: FxNet Ltd., Cyprus
  • Regulation: CySEC license #182/12; FCA UK #594005; BaFin #131046

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Rating interpetation

FxNet Representative

December 6, 2016

Dear @Peter A,
Please send us email to [email protected] specifying your client number in order to follow up with you personally.

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UK, Peter A

November 30, 2016

5 years Total
6 months with this Broker


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UK, Wood

April 8, 2016

1 year Total
1 year with this Broker

Hello, I would like to share my experience with FxNet.
I have never traded before so I wasn't sure which broker is the most reliable. FxNet offered me a free Demo account to start trading. I have never had any problems or issues however for all my queries i found that their customer suppport is always willing to help. I was happy with their services so I decided to open a real account. Since then, I am trading with FxNet.

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Romania Claudiu

February 24, 2015

4 years Total
18 months with this Broker

I am writing this in hope I will receive some help and guidance.
This is the second time I get ripped off by a broker(first time last year by 4XP).
However as most of you are, I am addicted to FOREX and kept on trading, scalping,
using EAs, using signals etc. but I said to myself I will only trade with a broker that is regulated by a European entity. I got to FXNET through my IB, and opened an account(102608), had some losses and gains using the exact same strategy from march 2013 until now. In the last few months after lots of hard work on my EA and strategy I became more and more profitable. on the 27th of October I tried to withdraw all my funds, but FXNET has cancelled them blaming me for bonus abusing even though I have done nothing wrong and traded the same for all this time.I will also file a case on this, has someone else been in the same situation ? I find it unacceptable that a broker can just wipe out your account because they want to

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Cyprus - FxNet Back-Office Representative

November 19, 2013

Hey all,

This is my reply to Mr. Huxford review below:

Mr. Huxford deposited via CCard at 14.05.2013 and after successful trading FxNet refunded (22.05.2013) his deposit amount back to the same CCard.

It is FxNet policy to send any profits back to its clientele in case of a possible/suspicious fraudulent activity.

Note that Mr. Huxford has provided an invalid phone number upon his registration and he is not reachable via telephone in order to contact him and to explain to him the situation.

Note that Mr. Huxford has also used two other methods (LR and MBK-Skrill) depositing small amounts and asking to withdraw his whole MT4 account balance there. We proceeded only with deposit refunds for these cases.

Note that the safest method for transferring any amount worldwide is a bank wire transfer provided of course that all bank information is correct.

Mr Huxford sent us his bank details after 5,5 months of not providing any bank info (see attachment 01) and insisting his MT4 account balance to be sent to an eWallet method, and FxNet processed a withdrawal (13.11.2013) according to the bank information provided.

The respective amount returned back to FxNet bank account (attachment 02 - 19.11.2013 - you can delete the amount if you post the image) with the notice that the Beneficiary's Details are invalid, meaning that the respective bank account number and the bank account holder are different that the ones that Mr. Huxford provided.

In case Mr. Huxford provides correct bank details (with IBAN and bank swift code) FxNet can send him any amount with a value date "same day".

**this is a classic case of an ID theft - where Mr. Huxford managed to get the CCard of another person and used it and now there are no 'physical' info for this person (in order to open a bank account you have to go to the bank), but in LR-MBK-Neteller where KYC is poor anyone can open an account with any name and info he/she wants.

Thank you for reading!

Kind regards,

FXNET Back-Office Representative

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UK, Peter Hibbert Huxford

October 17, 2013

from 2005 Total
from May 2013 with this Broker

Not quite honest and accurate people. I want to withdraw the money for the my moneybookers account, they don't process my withdrawal requests without explanations and the reasons. The only reason was that the Moneybookers is very unreliable electronic payment system. But i think that they can't argue about reliability of the system, when Moneybookers exists since 2001, and Fxnet LTD since 2012.
If to pay attention to the bank accounts of this company, at the deposit through bank, that it becomes clear that one of the accounts of this company

in Bank of Cyprus

Bank of Cyprus
Beneficiary Name: FXNET LTD
Bank Name:Bank of Cyprus Public Company Ltd (Branch Linopetras - 0333)
Beneficiary Bank Address:
Gr. Digeni Ave. & G. Neophytou, Mesa Yeitonia,Limassol,Cyprus
Swift Code: BCYPCY2N
Account Number: 357005913336
IBAN: CY44 0020 0195 0000 3570 0591 3336

which is known as very unreliable,

and the second is

Beneficiary Name: FXNET LTD
Beneficiary Bank Address:
22 Grecinieku street, Riga, Latvia, LV-1050
Swift Code: LATCLV22
Account Number: LV09 LATC 0501 1305 8001 0

in my own opinion the unreliable too.

To work with this company or not, is the personal decision of any trader.

Is it possible to work with the company who change site contents, and rules of the game depending on their desires?

I made the mistake, when i opened fxnet account and made deposit. Don't repeat this mistake. You don't get your profit.

I can't get my profit since May, 2013.

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Don Chen, Singapore

May 10, 2013

1 years and 4 months Total
7 months with this Broker

I am using Fxnet for some time now and based on my experience they are very good. They don’t have the best spreads but I can I leave with that. I would recommend this broker without a doubt. Execution 9/10 spreads 7/10 service 9/10

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Camelia Hemsworth

April 22, 2013

23 months Total
6 months with this Broker

need to bring another bonus scheme - they have excellent support and execution but dont like their current bonus

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Dmitro Marovzki

April 11, 2013

15 months Total
6 months with this Broker

for me they are one of the best new brokers - their execution is excellent. I have had 100% execution rate and instantly!

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February 21, 2013

8 months Total
2 months demo and 1 month live with this Broker

All was good except from fact that they took my bonus away when I withdrew - is that normal procedure ...withdrawal was almost instant :)

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UK Chris

February 12, 2013

3 years Total
2 months with this Broker

Alright broker; would rate as follows (out of 5):

Support : 5
Spreads: 3
Execution: 4

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John Hollingsworth, Canada

January 27, 2013

4 years and 3 months Total
1 month with this Broker

I give them 7 out of 10 - gd support and execution speed - spreads a little high and no ECN platform.

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Guozhi Shi, People's Republic of China

January 24, 2013

22 Months Total
1 month with this Broker

When I began trading with Fxnet I had had an opened accounts with the other broker so I can compared two brokers. Fxnet has better conditions for me and a month ago I stopped trading with the other broker. Fxnet is really good broker with extremely fast execution and speed of light mt4.

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Howard Naden, New Zealand

January 23, 2013

32 Months Total
5 weeks with this Broker

Good broker, cysec regulated, small spread and fast execution with very good support in my country but they don’t have paypal payment deposit/withdraw option. Wish they can include that in the future.

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Holly Molly, UK

January 21, 2013

46 months Total
2 months and 1 week with this Broker

I think their business model is the best. Even trading with big volumes I do not run into problems with execution. Nice customer support as well.

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