FxNet Reviews

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

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.

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

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

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.

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.

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.

No requotes, smooth trading, a great choice of tools to trade with. Definitely recommend this broker

I have found them to be honest and always there when I call. I can only compare them to my old broker and they beat them by a long way.

I started with fxnet a few days ago – so far solid service with excellent execution speed. I like the fact that they are true STP – so many out there claim to be but are not.