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Rating Index
Pros
Reputable regulation by CySEC, ensuring client fund protection and adherence to strict financial standards.
Access to the popular MetaTrader 4 platform, known for its powerful trading tools and user-friendly interface.
Low minimum deposit requirement of $50, making it accessible for new traders.
Cons
High maximum leverage of 1:500, which can be risky for inexperienced traders.
Limited educational resources compared to some competitors, potentially hindering new traders' learning.
Some customer reviews indicate issues with support responsiveness, particularly via email.
FX Network broker Accounts
FxNet Account Type
FxNet offers three distinct types of trading accounts tailored to meet the diverse needs of traders: the Standard Account, VIP Account, and Platinum Account.
- Standard Account
- Minimum Deposit: $50
- Spreads: From 2.3 pips (floating)
- Commission: No commission
- Maximum Number of Orders: 200
- Leverage: Based on client categorization
- Margin Call: 70%
- Stop Out: 50%
- Instruments: Currencies, commodities, indices, shares, bonds
- Trading Platform: MetaTrader 4 (MT4)
- VIP Account
- Minimum Deposit: $10,000
- Spreads: From 1.9 pips (floating)
- Commission: No commission
- Maximum Number of Orders: 200
- Leverage: Based on client categorization
- Margin Call: 70%
- Stop Out: 50%
- Instruments: Currencies, commodities, indices, shares, bonds
- Trading Platform: MetaTrader 4 (MT4)
- Platinum Account
- Minimum Deposit: $25,000
- Spreads: From 0 pips (floating)
- Commission: 1.2 pips per each closed lot
- Maximum Number of Orders: 200
- Leverage: Based on client categorization
- Margin Call: 70%
- Stop Out: 50%
- Instruments: Currencies, commodities, indices, shares, bonds
- Trading Platform: MetaTrader 4 (MT4)
- Choose the Account Type: Decide between the Standard, VIP, or Platinum account based on your trading needs and capital.
- Visit the Website: Go to the FxNet official website.
- Fill Out the Registration Form: Provide personal information including your name, email, phone number, and address.
- Verify Your Identity: Submit necessary documents for identity verification, such as a government-issued ID and proof of residency.
- Deposit Funds: Fund your account with the minimum required deposit for your chosen account type.
- Start Trading: Once your account is verified and funded, you can begin trading using the MetaTrader 4 platform.
FxNet Broker Account Opening Process
Opening an account with FxNet involves a straightforward process:
For more details, visit FxNet Account Types.
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