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Overview

FxNet is an international company whose Head Office is located in Limassol, Cyprus. The official website of the company is available in Russian, Chinese, Arabic, English and Italian.

The trading platform MT 4 and web platform are available for traders, and investors are provided with the special MAM system. Clients of the broker can trade independently on the Forex market, or transfer funds in trust management with the help of the MAM system, and then their accounts become sub accounts.

New customers can get basic knowledge of trading on the foreign exchange market, and they can become owners of the first deposit Forex bonus in case of opening a live trading account. Regular customers in case of the replenishment of the account are provided with Forex bonus for trading on the Forex market.

Bonuses

FxNet offers new customers, who have decided to open a real account, to get Forex bonus of 35% of the deposited amount. Forex bonus is available for all accounts of the broker, and is provided for a sum not less than $5. To receive the bonus funds, customers will need to register and confirm their personal data, and then send an application form to employees of the broker. The request should include the username, trading account number, and sum that will be transferred to the account. After consideration of the application, the client should receive confirmation for receiving the Forex bonus, and then he can make a deposit in one of numerous available ways. Bonus funds will be credited to the customer's account immediately after replenishment of the account. Customers can use bonus funds for trading on the international Forex market, and withdraw them from the account by meeting the conditions of the broker, which will be indicated upon confirmation of the application.

Regular customers who trade on the Forex market can obtain additional funds for making a deposit in order to increase trading volumes. These funds will be considered as the Forex bonus. Forex bonus can reach 50% of the deposited sum. The bonus size is determined by the FxNet, and in most cases it depends on the deposited sum. Bonus funds can be used for trading on the foreign exchange market, but they can not be withdrawn from the account. If the trader decides to withdraw money from the account, the bonus will be removed. Bonus can be cancelled in case of a considerable drawdown, when the trader loses all his money as a result of wrong actions.

Training

Materials about trading on the international currency market, which will allow novice traders to learn basics of Internet trading, are provided on the official website of FxNet. Video tutorials that provide an opportunity to study trading on the Forex market are also available on the site of the broker.

Educational materials about trading on the highly liquid Forex market.

1. Briefly about the Forex market:

- what is the foreign exchange market

- how to trade on the foreign exchange market

- basic terminology of Forex

- basic tools on the Forex market.

2. Video tutorials that provide knowledge about currency trading:

a) main advantages of the foreign exchange market

- advantages of the foreign exchange market

- Forex market opportunities

- directions of the market and their correct use.

b) terms, used in currency trading:

- basic terminology

- concepts of the foreign exchange market

- understanding of trading on the foreign exchange market.

c) types of market orders:

- what is market order

- what are the functions of market orders

- types of market orders

- how to place various types of orders.

d) profitable Forex strategies:

- strategies on the Forex market

- understanding of trading strategies

- selection of trading strategies

- use of trading strategies on the currency market

- creation of traders' own trading strategies.

e) Forex glossary.

All clients of the FxNet may send an application for opening a demo account. The usage of demo accounts allows traders to start trading on the Forex market, learn basics of trading, and try out their own and already existing strategies, and all that will occur using real foreign exchange rates, but with virtual money. Demo accounts are very good for testing technical indicators and Forex expert advisors.

Terms of trading

FxNet offers the following trading conditions for traders:

- the foreign currency account (the base currency)

- the minimum deposit is $100

- the leverage is from 1:1 to 1:500

- a lot of currency pairs, stock indices, gold, silver, crude oil

- fixed spread is from 1.9 points

- floating spread is from 0 points

- market swap

- scalping is available

- hedging is available.

MetaTrader 4 Desktop

- multi-language support

- order execution - Instant Execution

- huge database of embedded Forex indicators

- addition of new technical indicators

- creation and installation of Forex expert advisors on MetaQuotes Language 4

- export and import of currency quotes

- chart printing.

MetaTrader 4 MAM

- multi-language support

- management of several accounts simultaneously

- complete control over all sub accounts

- order execution - Instant Execution

- operations with Forex expert advisors using MetaQuotes Language 4

- export and import of currency quotes

- full transparency for customers.

Simple Trader

- web platform for trading through the browser

- analogue of MT 4.

FxNet offers clients the following accounts for trading on the international currency market and world stock exchanges:

- Standard

- VIP

- Platinum.

Trading account Standard:

- the minimum deposit is $5

- fixed spread is from 2.3 points

- the minimum lot size is 0.01

- the leverage is up to 1:500

- the maximum order size is 20

- stop out is 20%

- margin call is 50%

- no commission.

Trading account VIP:

- the minimum deposit is $2,000

- fixed spread is from 1.9 points

- the minimum lot size is 0.1

- the leverage is up to 1:500

- the maximum order size is 20

- stop out is 20%

- margin call is 50%

- no commission.

Trading account Platinum:

- the minimum deposit is $5,000

- floating spread is from 0 points

- the minimum lot size is 1.0

- the leverage is up to 1:500

- the maximum order size is 20

- stop out is 20%

- margin call is 50%

- commission is $12 per 1 standard lot.

When traders select the leverage for trading on the Forex market, they should be aware that the broker limits it depending on the sum of the deposit. If the deposit exceeds $10,000, the maximum leverage is 1:200, and when the deposit is over $100,000, the maximum leverage comprises 1:100.

Traders of the FxNet may apply for an Islamic account, but in this case they will have to convince employees of the broker that they really practice Sharia.

Legal persons can also apply for opening a corporate account, where conditions for trading on the global markets differ from those on ordinary accounts of traders.

Forex indicators (recommended)

- TradeBreakOut

- Instant Trend Line

- Index of depletion of the market

- I-sessions

- Better Volume.

Forex expert advisors (recommended)

- MACD Pattern (an automated Forex expert advisor that uses the technical indicator of the same name for efficient operations, and performs analysis of the foreign exchange market with the help of it, opening and closing positions after that, if necessary)

- Profit FIXATOR (an automated Forex expert advisor that has small number of settings, and is mainly suitable for trading at short-term distances with any currency pairs)

- XMT-Scalper (a popular automated Forex expert advisor, based on the famous expert advisor MillionDollarPips; it focuses on scalping showing fairly good results in trading on the foreign exchange market).

Investments

Broker FxNet allows its clients to invest finances in successful professional traders. The special MAM system is available for investment on the site of the broker. Due to this system all actions of investors and managers are fully transparent, and they follow the strict rules that are established by the FxNet. Investors transfer their accounts for management to traders with MAM accounts. Accounts of investors become sub accounts of the manager after the transfer, and he works with funds, which are transferred to him in trust management. The investor can always see the actions of his manager and, if necessary, prohibit access to his account by the rules, which are established by the broker.

Unique features

Free access to Autochartist should be distinguished among the unique features of the FxNet. Autochartist is a service that allows traders to receive the latest news about the foreign exchange market, technical analysis for all popular financial tools, signals of trend starts and ends on a particular currency pair, analysis of market volatility, etc. In addition, you filtering trading signals can be set up, and it is possible to subscribe to the most needed and promising signals, if necessary.

The affiliate program, which is created by the FxNet, allows its traders to earn extra income by attracting new customers. The affiliate program is designed for all traders, and each of them will find his own direction in it.

Directions of the affiliate program:

- Web Masters (attraction of new customers through the Internet via their own websites, blogs, and social networks)

- Introducing Brokers (attraction of customers using advertising materials in real life)

- White Label (creation of an independent business and independent brands with the help of the FxNet).

Partners receive from the broker commissions from customers attracted by them, i.e. from their trading volumes on the Forex market.

Add/withdraw funds

FxNet provides traders with a large selection of ways for making a deposit and withdrawal of their funds, including Web Money, MoneyBookers, Neteller, EUTeller, Qiwi, Visa, MasterCard, bank transfers and many others for different countries.

Contacts

FxNet provides customers with all sorts of support while working on the global financial markets, and traders can contact its staff via online chat, email [email protected], [email protected], and by international phones +357 25 108111, 00357 25 108111.

Cons and pros

+ the famous European broker

+ the minimum deposit is $5

+ small spread

+ good leverage

+ deposit Forex bonus

+ basic Internet trading training

- no contests for traders.

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