Forex FXONET LTD Broker Review

Performance Matrix

Main Score & Risk Matrix

N/A

Score

1.3

Very Poor

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

License 1.5

Business 0.8

Risk Control 1.1

Software 1.8

Regulatory 1.3

Terminal Snapshot

FXONET LTD Trading Conditions

Registered Region Comoros

Operating Period 1-2 years

Minimum Deposit $100

Spread N/A

Licenses N/A

Contact Email info@fxonet.com

Contact Number N/A

Website www.fxonetltd.com

Balanced Review

Pros & Cons

Pros

Diverse trading instruments including forex, commodities, indices, stocks, and cryptocurrencies
Advanced trading platforms: MetaTrader 4 and MetaTrader 5
Multiple account types catering to different trader profiles
Customer support available via email for assistance
Minimum deposit requirement set at $50

Cons

Not regulated by any major financial authority
Lack of investor protection measures
Limited customer support options (email only)
Potential withdrawal fees for certain payment methods
Varying spreads based on market conditions

Compliance Desk

Regulatory Licenses

0.0/10

No structured regulatory license cards have been configured yet.

Peer Benchmark

Broker Comparison

Feature	FXONET LTD	Grand Markets	BDSwiss	AvaTrade
Operating Period	1-2 years	See review	See review	See review
Region	Comoros	See review	See review	See review
Minimum Deposit	$100	See review	See review	See review
Spread	N/A	See review	See review	See review
Trust Score	1.3/10	See review	See review	See review

Product Fit

Account Types

What Account Types and Fees Does FXONET LTD Offer?

Account Type	Target User Group	Essential Characteristics	Applicability Notes
Retail Account	Beginners and casual traders	Access to major and minor forex pairs	Suitable for small-capital practice
Professional Account	Experienced traders	Higher leverage options	Requires trading volume qualifications
Corporate Account	Corporate clients	Customized services and reporting	Requires corporate documentation
Islamic Account	Traders seeking swap-free options	Compliant with Sharia law	Available upon request
Demo Account	New traders for practice	No financial risk involved	Limited duration

Account Opening Process

The account opening process at FXONET LTD involves several straightforward steps. Prospective clients must submit personal information, including their employment and financial details. Identity verification is required, which typically includes providing a form of identification and proof of address. Additionally, there is flexibility in account types; for instance, traders may have the option to upgrade to a professional account later on if they meet the necessary criteria.

Trading Fees

Product	Spread (pips)	Commission	Notes
Forex (Major Pairs)	Varies	$0	Competitive spreads available
Forex (Minor Pairs)	Varies	$0	Spreads may be wider
CFDs (Stocks)	Varies	$0	Dependent on market conditions
CFDs (Indices)	Varies	$0	Market volatility affects spreads
CFDs (Commodities)	Varies	$0	Includes gold and oil
Cryptocurrencies (BTC/USD)	Varies	$0	Fluctuating based on market

Other Fees

Traders should be aware of various fees associated with FXONET LTD. These may include deposit and withdrawal fees, where debit/credit card transactions incur a charge, and wire transfers have a starting fee. Inactivity fees may apply if the account remains dormant for an extended period. Additionally, there may be overnight interest (swap rates) for positions held overnight, along with potential currency conversion fees for trading in different currencies.

Editorial Verdict

Expert Verdict

R

Research Desk

Senior Broker Analyst

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

Funding Desk

Deposit & Withdrawal Methods

No structured payment methods have been configured yet.

Trader Feedback

FXONET LTD User Reviews

3.0

★ ★ ★ ★ ★

4 total reviews

5 star

4%

4 star

4%

3 star

4%

2 star

20%

1 star

60%

John Smith

New York, USA

★ ★ ★ ★ ★

I had a terrible experience with FXONET LTD. The withdrawal process was incredibly slow, and I faced numerous issues trying to get my funds back. Customer support was unresponsive and only available via email, which added to my frustration. I would not recommend this broker.

Emily Johnson

London, UK

★ ★ ★ ★ ★

While the trading platform is decent, my overall experience with FXONET LTD has been disappointing. I encountered delays in my withdrawal requests, and the lack of phone support made it difficult to resolve issues quickly. I expected more from a broker.

Michael Brown

Toronto, Canada

★ ★ ★ ★ ★

I have been trading with FXONET LTD for a few months now, and I appreciate their user-friendly platform and the variety of trading instruments available. The MetaTrader options are great for my trading style. However, I wish customer support was more accessible.

Sophia Wilson

Sydney, Australia

★ ★ ★ ★ ★

FXONET LTD has been an excellent choice for me. The trading experience has been smooth, and I love the range of forex pairs available. The platform’s speed is impressive, and I found the minimum deposit very reasonable. Overall, I am satisfied with my trading journey here.

Comoros Market