They are scammers. Stay away from them. I worked for them and they did not even contract me for work and I did not even get paid.
Fx Net has been my second CFD broker after FXCM, spreads are not as goodnas fxcm but the market research is upto the mark, I went with their suggestion of trades and got some good returns.
I've joined them 6 months back, their spreds are not so good In fact in few its below average but their market research proved quite helpful for me, the account manager was an Indian gave a profit of around 37% in 3 and a half months, which in UAE my friend is a great return. Thumbs up for their DUBAI IB Office
They took 3 deposits from me last month & only paid 2 into my trading account. Been more than a month now, and still nothing has appeared in my account, or been refunded to me. When I emailed a query, they completely ignore me. They take your deposits without question, but when you want to withdraw, then suddenly your documentation is incomplete. Do not feel safe trading with FXNET & looking for a new broker...
Just been conned by fxnet. They manipulate the price. Stay away from them.
Me and all the people I know who used FXNet lost all they deposited in.
I will never use FxNet again. They state that withdrawals have been approved and processed only to find out it is not the case. A hundred excuses on why there were errors processing your request. Don't use them.
FXnet offers the MT4 and Mobile platforms to trade online. It is top forex trading platforms. Company delivers tens currency pairs and other trading instruments. Slippage size is the smallest one among other brokers out there. Based on my logs of executed orders I can also confirm tight spreads. Absolutely no server disconnections in the most active trading time in all sessions.
Listen! That’s the main rule: if you want to be successful with forex trading, choose the broker regulated by European relevant institutions. Otherwise the risk of scam is rather high. Even if FXNet is not a scam, anyway it creates awful trading conditions and does not allow withdrawing! What is revolting, they give no reasons for it. Yes! They answered. But their answer cannot be regarded as the explanation. I have used the unreliable payment system – they say. But the broker itself offers it to me in its list! Utter rubbish!
This broker can freeze withdrawals. And that is definitely not good. All its advantages are not worth a straw, when a trader cannot take his payouts. Even if there is the reasonable cause for such a month’s delay, they could be more polite explaining it. I’m changing the broker. Why should I have troubles and show understanding for their position?
Do not have any affairs with this scam company. They will help you to get rid off all your money. A personal trader from the broker has lost seven thousand dollars from my trading account. Do not believe their nice fables...
I am very happy with this broker. They provide me one of the best VPS for free because of my account balance which is 5000 USD. They cover the 10 dollars bank transfer fee. I got 100 dollars margin bonus which is a tradable bonus.
Their trade execution speed is awesome. No slippage or re quotes till today. The support staff is great and very helpful. I have provided my own dedicated personal manager. She is very very helpful. I got my daily trade report and also daily technical and trade suggestions. Their spread is a bit high but they are true STP NDD so that is not a problem for me. There are many brokers who claim that they are true STP but in fact they are not. A true STP broker must have high spreads than other brokers for obvious reasons.
They offered me an Islamic account (No swaps). I had to fill a form with attached proof of my religion. Their only condition is that there must be activity on my account. In other words they will revoke the 'no swap' facility if I abuse the account by just opening a couple of trades and letting them open forever without opening new trades. Which is fair as I understand. So far no swaps charged and a couple of my positions remained open for like 15 days but at the same time I was trading other positions and open and closing positions on daily basis.
So, in short I am very happy. I will keep updating you about my progress with them on monthly basis. Thanks.
Execution 10/10. Spreads 7/10. Customer Support 9/10. Overall a good brokerage in my books
Another broker who claims to be a true STP broker? Well they really are STP broker. Their execution and their service is amazing. Their spreads not the best but are fixed even when the news comes out.
For me this is one of best broker - they have very fast support response and excellent trading conditions - very smooth customer service support.
i have been 2 months with this broker and am happy with their service. Im being handled by a Mr. Paul and so far he has been great and very helpful. have not been succesful so far but i hope with their bonus i can make back some money.
Hello Everyone,I've just got my first withdrawal of $35 following their 50% promotion. Process was smooth enough and got a message also informing me of my withdrawal. Would give them 4 out of 5 - only thing I would like to see is variable spreads and cTrader. are there any representatives on here?
Yea their spreads are slightly high, although quite good compared to other brokers with fixed spread (etoro 3, fxcm 2.6, easy-forex 5, iForex 3). Generally I think fixed spread brokers are higher anyway they offer 2.3 on some of their accounts and if you are smart you go through rebate site ;).
They are real stp which is what is important for me. I prefer to see realistic spreads for stp broker than spreads at 0.5 pips and claim to be stp.
Has anyone got experience at news hours do they re-quote/reject orders? I know it says no requites etc but want to hear from actual clients experience; in specific if I run an EA during news if id get all ordrs filled.
Just opened an account with them today and got my bonus instantly as well as my deposit. Their support so far has been excellent.
their spreads are a bit high for me, especially in comparison to many of the larger brokers, but the fact there is no requotes and they are fixed always is a plus. Might try them out - anyone have any bad experience with them? Im trading on demo so far and getting a lot of asistance.
Seems a trustworthy Broker to me. Nice to see my funds are kept at Barclays Bank in UK
Great Execution! - They stick by their word wrt no requotes and news trading. Was able to make a nice profit over the news today :)
Forex reviews and information about brokers outspoken by their clients are valuable sources that give the trader an idea whether trading with a certain company is to be profitable or not. Once you are interested in trading with FxNet and would like to know if the official broker's information and their activity profile correspond to the facts, it is useful to read reviews about FxNet. These reviews have been written by either former or present-day clients who've described their positive or negative experience of trading with the broker, advantages and disadvantages of this company. All these attestations are different, and if you wish to add your comments, say, about improper client service of a broker or to underline their positive sides, this section is for you.
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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. fxnet forex broker distinguishes itself from the rivals by offering platinum accounts with zero spreads, being thus the...
Regulation: CySECFxNet trading information
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