FxNet Review 2021

FxNet is an online forex broker regulated by the IFSC and offering the MT4 platform.

FxNet is broker that gives traders access to Forex, CFDs, indices, shares, energies, metals, bonds. FxNet allows traders to use the MetaTrader4 trading platform, but unfortunately not MetaTrader5 at this point.

In terms of features offered to traders, FxNet has Demo Accounts but is missing Islamic Accounts, Social Trading, Signals and Auto Trading.

FxNet is regulated, but not by the FCA here in the UK. While this is not necessarily an issue, very careful traders might want the extra safety of using an FCA-regulated broker.

FxNet Summary

FxNet is an online forex broker regulated by the IFSC and offering the MT4 platform.

Ratings

30%
Trust
66%
Instruments
28%
Features
BonusNone
InstrumentsForex, CFDs, indices, shares, energies, metals, bonds
Demo Account
Min. Deposit$50
Min. Trade0.01 lots
Regulated ByIFSC
MetaTrader 4
MetaTrader 5
cTrader
DMA Account
ECN Account
Mobile Apps
Auto Trading
Trade Signals
Social Trading
Copy Trading
Islamic Account

CFD Trading

Leveraged CFD trading is available across several markets.

Leverage1:500
FTSE Spread160
GBPUSD Spread2.1
Oil Spread12
Stocks SpreadFloating

Forex Trading

Trade 50+ global currency pairs with up to 1:500 leverage.

GBPUSD Spread2.1
EURUSD Spread1.8
EURGBP Spread2.2
Assets51

Payment Methods

FxNet accepts the following payment methods:

  • Neteller
  • Skrill
  • Visa
Risk Warning – Your capital is at risk

FAQ

Is FxNet Safe?

In our review we gave FxNet a low trust score of 30%, which means that traders should try things out before they deposit any larger amounts. One of the main negative factors in this low score is that FxNet is not FCA regulated. Extra careful traders might want to find an alternative in our top list of UK brokers.

Does FxNet Accept PayPal?

No, FxNet does not accept PayPal payments.

Is FxNet Halal?

Probably not, as FxNet does not offer an Islamic trading account as far as we know. For alternatives, please see the list of halal brokers.

What trading platforms does FxNet support?

FxNet only supports the MetaTrader 4 trading platform at this time.

Is FxNet Regulated?

Yes, FxNet is regulated by IFSC.

The fact that FxNet is not regulated by our own FCA will be a concern to the most careful traders. See our list of FCA regulated brokers for options.

FxNet vs Other Brokers

If you want to compare FxNet with other brokers, use the detailed comparisons below.

FxNet vs
FxNet is an online forex broker regulated by the IFSC and offering the MT4 platform.