WikiFX

Sagot

After carefully investigating fxonet and attempting to discern the specifics of their commission structure, especially for ECN or raw spread accounts, I found that credible, detailed information is lacking. This absence itself is a strong concern for me. As a trader who prioritizes transparency and regulatory oversight, I am wary when a broker does not provide clear disclosures about fundamental aspects such as trading commissions. The main context I gathered confirms that fxonet is not regulated by any recognized financial authority, and multiple warnings—including being flagged for suspicious licensing and business practices—raise further doubts. On reputable platforms, brokers typically outline their commission models up front, especially for ECN-style accounts where low spreads are often offset by a fixed per-lot commission. Here, fxonet fails to provide this basic, crucial detail. For me, this lack of clarity is far from ideal. Without firm external regulation or a straightforward breakdown of trading costs, there’s elevated risk of hidden fees or unfavorable conditions. I strongly recommend extreme caution and, until comprehensive, verifiable fee information becomes available from the broker themselves or a recognized regulatory source, I would not proceed with opening or funding an account on fxonet. My experience has taught me that when it comes to handling my own capital, transparency and regulatory backing are non-negotiable.