FxNet Journal

Journal status: live
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FxNet Profile
Year
2012
Country
Belize
Branches
1
Regulation
IFSC Belize
Investor protection
Fund protection
...
Publicly traded
no
Restricted countries
Not serving
х Austria, Azerbaijan,Iceland, Belgium, Belize, Bulgaria, Canada, Croatia, Cyprus, Czechia, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Japan, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Russia, Slovakia, Slovenia, Spain, Sweden, US
Broker type
STP
Dealing book
A-book
Tier
3
Execution speed
...
LPs total
4
LPs quality
Tier-2 PoPs, Non-Banks, Other
LPs names
BELFX, IS Prime, Swissquote, TradeTech Alpha

FxNet Accounts
STP
Minimum Deposit
50 $
Leverage
500 : 1
Minimum Lot
0.01 lots
EURUSD spread
2.3 pips
Commission
0 $/lotRT
Volume
20 lots
Margin Call
70 %
Stop Out
50 %
Execution
Market
Spread
floating
Scalping
yes
Update broker

Is FxNet safe?

  • Investor protection: ...
  • Regulation: IFSC Belize
  • Publicly traded: no
  • Segregated account: yes
  • Guaranteed Stop Loss: no
  • Negative Balance Protection: yes

Is FxNet trusted?

  • Information transparency: sufficient ★★★
  • Customer service: prompt, helpful ★★★★★
  • FxNet website: semi-detailed, updated ★★★
  • FxNet popularity (by visitor count): low visits ★★

How FxNet works

9.7 The Client understands and agrees that the Company is the sole counterparty in relation to the platform providers..

14.3.2The Client hereby agrees that the Company’s prices shall be the only relevant prices for the Client’s Orders and Transactions.

The Client is charged a spread (liquidity quoted prices plus a mark-up) and may be requiring paying swaps (overnight interest rate) or commission, if applicable, in some financial instruments depending on the account type.

16.7 Commissions. The Company charges the Commission only on the Platinum account type. The Commission charged equals 1.2 pip per each closed lot. 6.1 As part of the Brokerage service of OTC margin trading, the Company offers its Clients the following:Investment Services:Reception and transmission of orders in relation to one or more Financial Instruments.Execution of Orders.

https://www.fxnet.com/static/static-belize/documents/en/terms-and-conditions-of-use.pdf

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