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FxNet.com Review Visit site

Updated: Aug 15, 2018
2.378 · 36 REVIEWS
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FX Net is a forex broker. FX Net offers the MetaTrader 4 and MT Mobile online forex trading top platforms. FXNet.com offers over 20 currency pairs, metals, stocks, oil, and indices for your personal investment and trading options.

FxNet.com

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2015-0142015-01-27claudiu777 vs fxnet.comresolved

FxNet.com profile provided by FXNet, Dec 22, 2016

FxNet Ltd is an Investment Firm with registration number HE 300624, and is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under licence no. 182/12. As a CySEC regulated firm governed by MiFID, FxNet offers the advantage of safe monitored trading with no possibility of fraud. FxNet clients are all ensured by the Investors Compensation Fund (ICF), which guarantees the return of funds in the rare case of the company’s insolvency.

There is nothing more important than actual trading and FxNet offers traders a wide variety of trading accounts to suit a wide range of trading needs, which is all done through the STP (Straight Through Processing) model.

FXNET ACCOUNT TYPES

• Standard

• VIP

• Platinum

FXNET TRADING PLATFORMS

• MetaTrader 4 for Desktop

• MetaTrader 4 for iPhone/iPad

• MetaTrader 4 for Android

• MT4 WebTrader

FxNet offers excellent trading conditions allowing more flexible and successful trading, including the following advantages:

• No re-quotes, no rejections

• Negative balance protection

• Flexible leverage up to 1:500

• Hedging, Scalping and News Trading Permitted




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2.378 · 36 REVIEWS
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Gauteng, South Africa, South Africa,
Aug 10, 2018,
Guest

Terrible service

They took 3 deposits from me last month, but only paid 2 into my trading account. When I send emails to them, they ignore me, or send me replies in Spanish, which I do not understand.

They take your deposits without question, but when you want to withdraw, then suddenly your documentation is incorrect & they tell you to submit more documents.

I am currently looking for a new broker while they illegally withhold my funds!!!
dubai, United Arab Emirates,
Jul 24, 2018,
Guest

Dears
i deposited 5000USD and then i traded i got the profit of 505. i want to close account with them after reviews on the internet. i withdraw 5505$. they only transfered 5000$. and 505$ they didnt and when i asked they informed me that ibecause of some reason it got rejected and i requested once again for the transfer of 505$, they informed that alrady it has been made, i asked for the swift copy, may its almost 20days they replied me that they have requested the bank and they will send me, till now i didnt receive that. I have decided now i am going to take this n=money from them at any cost.
Johannesburg, South Africa,
Feb 7, 2018,
Registered user

Do NOT trade with FXNET

The WORST company on the face that f this earth! I've been trying to get my money back, they changed my account details now I can't log into the account. I was told to upload my documents again to reopen the account, I did that and still nothing. The consultants have been ignoring my calls and my emails! I'm reporting the company to FICA and FSA, they are playing with people's lives
Reply by FXNet submitted Feb 12, 2018:
Thank you for your comment. We are truly sorry to hear that you had a bad experience with us. Our Clients are our main priority and therefore we apply all measures to ensure that each of our client’s requests are met as soon as possible. If you are not satisfied with our services, please send an email to support@fxnet.com with your client ID number to assist you further.
We look forward to hearing from you.
Pforzheim , Germany,
Dec 17, 2017,
Registered user

Not recommendable

Hi Diana,
I’ve read your message and understand why you feel like that. When i traded in August 2017 with FxNet, i’ve traded with the maximum leverage that the company provides. The first trade was over and I lost over 4000€. After a week I deposit another 5500€ to trade on NVidia, but unfortunately i lost that investment as well.
After i lost 9500€ with these two trades, they send me an email that i violate the term and conditions of the company, and they closed my account. But i want to tell you, that they give me even a single euro back to my account and i’ve never heard from them again. I can send you the email they have send to me, if that be any help to you. I hope you can succeed with your fight against them!!!
Zurich, Switzerland,
Nov 20, 2017,
Registered user


Hi Diana
I tried to trade with FxNet Two weeks ago on the report of NVidia and I also get an alarm about violating their “Terms and Conditions” by abusing the negative balance protection. But I must say that the story that you are telling here is different then what I experienced with them.
I open the trade at 09.11.2017 in around 22:30 but just before the market close, FxNet close my position without my approval and they send me an email about it.
Obviously I was mad because a day later NVidia release their report and the price of the stock went up by more than 5 percent. Which by the way with a leverage of 1:50 could give me a good profit. But they close the trade before any profit was made.
Is it possible that FxNet change their protocol but still mislead their clients by providing fake promises about the leverage?
Durban, South Africa,
Nov 17, 2017,
Registered user

thank you guys

i joined fxnet a month ago and i had my doubts because of what i read on reviews,was so surprised i made 90% profit and i withdraw half of it,though it took 4 days to reflect on my bank account,i got my money,
South Africa,
Nov 15, 2017,
Registered user

Guys watch out!! Fxnet will make you lose all your savings. Happened to me in 3 weeks

Guys I just want to warn you about fxnet, this broker will actually give you all the good stories about them in order to convince you to trade with them. Once you join however it’s a different story... the so called trade specialists will make you lose all your money and when you call people who convinced you to join at the first place their numbers don’t belong to them all of a sudden. My first trade specialist advised me to open few trades nd once they went bad, he told me to either deposit more money or my account will be closed and I’ll lose everything. Next day I get a new trade specialist without fxnet telling me they changing. When I call them they tell me they are busy they’ll call me in 10 minutes, they never call. Next thing my money is all lost due to bad trades they advised me to open. Guys don’t fall for these people they will just make money of you and ignore you once you have lost. I still can’t get hold of them. They are ignoring my calls.
Bucharest, Romania,
Nov 14, 2017,
Guest

FxNet new ways of SCAMMING their clients!!!!!!

Few weeks ago I opened 4 trades on First Solar, over whom I had to pay commission of almost 6000 EUR. For that commission FxNet gave me a leverage on 1:100 !!! over my own investment. I succeed to make a profit of almost 80 000 EUR.
So, few days later, I asked for a withdrawl and guess what?????? They told me that my trades have been canceled because I violate their “Terms and Conditions” by abusing the negative balance protection offered by the company and that only my initial investments will be returned. NO PROFIT.
Funny thing is that I lost over 13000 EUR in a previous trade using the same strategy without giving me any single notice that I break their conditions. More than that, they happily took my money and let me do a new deposit.
From the past reviews that I saw I am not the only one that got scammed in similar ways. So tell me, why they keep stealing money without any consequences?? Obviously, I will go further with any legal procedure necessary and I will take any single cent that belongs to me and more! What about you?!?!
Pretoria, South Africa,
Sep 27, 2017,
Registered user

Don't be caught by FXnet!

FXnet will encourage you to invest a large sum of money. Then they give you this crappy advisor calling you 5 times a day to make investments(buy/sell) in Forex. Of course with every transaction they make money. I promise you your whole sum will be depleted within two weeks!! They don't train you at all...
Reply by FXNet submitted Oct 20, 2017:
Dear Okkie Butler,

Thank you for your comment. Our Clients are our main priority and therefore we apply all measures to ensure that each Client is provided with an exceptional customer support, high-end trading technology and excellent trading conditions. If you have any reasons to believe that we have not met our obligations to you, please send us an e-mail to support@fxnet.com   specifying your client number in order to follow up with you personally.

We look forward to hearing from you.
Kathu, South Africa,
Aug 15, 2017,
Registered user

Forex Scam

Use two different brokers to help me. Do everything that they told me to do and still lost $4400/ R53 000.
Reply by FXNet submitted Oct 20, 2017:
Dear Des Nel,
Thank you for your comment. Our Clients are our main priority and therefore we apply all measures to ensure that each Client is provided with an exceptional customer support, high-end trading technology and excellent trading conditions. If you have any reasons to believe that we have not met our obligations to you, please send us an e-mail to support@fxnet.com   specifying your client number in order to follow up with you personally.
We look forward to hearing from you.