No broker is perfect, and FxNet is no exception. While they do have a lot of pros, there are plenty of reasons why you might be looking for an alternative to FxNet :

Whatever your reason, we’ve got you covered. We analyse over 150 brokers across 80+ factors, from the competitiveness of their spreads to the quality of their trade execution and regulation. Below are ten of the best FxNet alternatives.

Top alternative : City Index

A popular alternative to FxNet is City Index, a brokerage regulated by Financial Conduct Authority, ASIC and MAS and over 35 years in business. Another strong alternative is XTB, which is regulated by Financial Conduct Authority, KNF, and CMB..

Here are some of the key reasons why traders choose City Index and XTB over FxNet :

FxNet City Index XTB
Trust Score B AAA AAA
Regulator Financial Conduct Authority, CySEC Financial Conduct Authority, ASIC and MAS Financial Conduct Authority
Min. Deposit 50 100 250
Min. Trade 0.01 Lot 1 Lot 0.01 Lot
Platforms MT4, Web Trader, Tablet & Mobile apps MT4, Web Trader, Tablet & Mobile apps MT4, Mirror Trader, Web Trader, Tablet & Mobile apps

If you want to read more about City Index, we’ve put together an in-depth City Index review that explores their platform, spreads, and trading conditions in more detail.

Visit City Index

If City Index isn’t quite right, we’ve also listed ten suitable FxNet alternatives below. You can click between the different instruments to compare each broker’s spreads for that instrument.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Spread Comparison for the 10 FxNet Alternatives