FxNet (fxnet.com) is a Cyprus-based forex and CFD broker founded in 2012. While it maintains a regulatory license, it is currently viewed as a by multiple industry watchdogs due to past regulatory issues and a high volume of negative user reports regarding fund withdrawals. Quick Verdict: Is FxNet Safe?

Lacks live chat and responsive phone support; relies mainly on email.

Some users claim the broker provided "bad suggestions" once trust was gained or removed bonuses without notice.

Numerous reports of "technical issues" or document re-verification cycles preventing fund access. No Crypto: Does not offer cryptocurrency trading. Critical Red Flags

Use of an offshore entity in Belize (BELFX LIMITED) to serve international clients, which offers significantly lower protection than CySEC.

Predominantly negative. Common complaints on platforms like Forex Peace Army include withheld withdrawals, ignored support requests, and sudden account closures for alleged "violations".

Regulated by the Cyprus Securities and Exchange Commission (CySEC) . However, it was flagged by WikiFX for losing domain approval in 2019 due to regulatory violations.

Spreads are considered higher than the industry average, making it expensive for frequent traders.