This FXNet review explores the Cyprus-based broker’s regulatory profile, account conditions, and platform offering for forex and CFD traders. FXNet operates under the brand of A.N. Allnew Investments Ltd, targeting EU clients with MetaTrader 4 access, segregated funds, and multiple account types tailored for both retail and professional users.

Regulation and Safety

FXNet is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 182/12. As an EU-regulated firm, it complies with MiFID II and client protection standards:

• Investor Compensation Fund (ICF) protection up to €20,000
• Segregated client accounts in EU banks
• Negative balance protection for retail clients
• Annual audits and transparent legal disclosures

The broker also implements 2FA and SSL encryption for secure client login and fund transfers.

Execution Model and Trading Platforms

FXNet uses a No Dealing Desk (NDD) model with Straight Through Processing (STP) for most accounts. All trading is executed via:

• MetaTrader 4 (MT4) – available on desktop, mobile, and web

FIX API is not offered. VPS hosting is available for professional or high-volume clients upon request.

Markets and Instruments

FXNet provides access to over 100 CFD instruments, including:

• Forex – 40+ pairs including EUR/USD, GBP/JPY, and exotics
• Indices – US30, GER40, UK100, EU50
• Commodities – Gold, Silver, Oil
• Shares – Major US and European stocks (CFDs)

Cryptocurrency trading is currently not offered. All instruments are traded as CFDs with leverage and variable spreads.

Accounts, Spreads and Leverage

FXNet offers three primary account types:

• Standard Account: Spreads from 2.3 pips, zero commission
• VIP Account: Spreads from 1.9 pips, tighter pricing
• Platinum Account: Spreads from 1.2 pips, no commission, better liquidity access

Minimum deposit is €50 for Standard, €1,000 for VIP, and €25,000 for Platinum. Maximum leverage is:

• 1:30 for retail clients (as per ESMA rules)
• Up to 1:500 for professional clients (subject to approval)

Stop-out level is 50%. Scalping, hedging, and EAs are allowed.

Funding and Base Currencies

FXNet supports the following funding methods:

• Bank wire transfer
• Credit/debit cards (Visa, Mastercard)
• Skrill and Neteller

Supported base currencies: EUR, USD, GBP. Deposits are processed within 24 hours, withdrawals typically within 1–3 business days. No deposit fees apply, but withdrawal fees may vary by method.

Client Protections and Features

As a CySEC-regulated broker, FXNet offers robust protections:

• Eligibility for Investor Compensation Fund (ICF)
• Negative balance protection for retail clients
• Segregated funds in Tier 1 EU banks
• Regular regulatory reporting and audit transparency

Additional security features include encrypted communications and secure withdrawal authorisation protocols.

Institutional and Retail Offering

FXNet is primarily focused on retail clients. Institutional services are limited, with no white-label, FIX API, or prime brokerage:

• Retail: MT4, EU regulation, low deposit thresholds
• Professional: Higher leverage, VIP support, tighter spreads

Advanced analytics and account managers are available to Platinum clients.

Pros and Cons

Pros

• Regulated by CySEC with EU-level protections
• Supports STP execution and MetaTrader 4
• Low minimum deposit for Standard accounts
• Negative balance protection and fund segregation
• Professional client upgrade available with higher leverage

Cons

• No MetaTrader 5 or proprietary platform
• No cryptocurrency CFDs available
• No FIX API or institutional-grade tools
• Relatively wide spreads on Standard account

Frequently Asked Questions

Is FXNet a regulated broker?

Yes, FXNet is regulated by the Cyprus Securities and Exchange Commission (CySEC), license number 182/12.

What is the minimum deposit for FXNet accounts?

The minimum deposit is €50 for Standard, €1,000 for VIP, and €25,000 for Platinum accounts.

What leverage does FXNet offer?

Retail clients can trade with up to 1:30 leverage, while professional clients may access leverage up to 1:500.

Does FXNet offer cryptocurrency trading?

No, FXNet does not currently offer cryptocurrency CFDs.

What platforms does FXNet support?

FXNet supports MetaTrader 4 (MT4) for all trading, available on desktop, mobile, and web terminals.