Fxonet Ltd

( 1.76 )
17 reviews
Suspicious
This company shows several warning signs of potential fraud.
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Key Highlights Critical Insights
Pros|Cons Details FAQ Reviews Broker Profile
Pros
The website is available in 15 languages.
Online chat.
Cons
No reputable regulators.
Key trading parameters are not disclosed.
No negative balance protection.
No information about the trading platform.
Uninformative homepage.

Company Background

The company that runs this platform was registered in the Comoros Islands in April 2024. In addition, the broker claims to have a Mwali license under number BFX2024049. However, information about this organization is extremely limited. For example, an anonymous team manages the website, and there are no facts about its history. Our review of Fxonet Ltd is based on information from the broker’s official website and reliable third-party sources. We will check how the platform works and whether you can trust it with your money.

Overview of Services and Trading Terms

Fxonet Ltd positions itself as a comprehensive platform and offers trading in contracts for difference (CFDs). According to its official website, the broker provides access to five markets, including forex and stocks. Besides, it offers four types of trading accounts.

The functionality of the trading terminal used is not specified, but there is a demo account with 100K coins for risk-free practice.

You can start trading with a minimum deposit of $250/$25K/$100K/$250K. However, Fxonet Ltd may change the entry threshold at any time. The stated leverage reaches 1:200, although the description of currency pair trading indicates a value of 1:400.

Detailed information about spreads, commissions, and swaps is practically absent from the official website.

The number of available currency pairs is not clearly indicated on fxonet.my/international. Meanwhile, you can use the Economic Calendar, Glossary, Technical and Fundamental Analysis. It should be noted that the website is translated into 15 languages, and support is available via online chat.

Referral and Bonus Schemes

The company does not provide any information about a referral program. However, when it comes to attracting customers, the official website of Fxonet Ltd highlights the bonus program as the main incentive. Importantly, the firm promises to double the deposit amount for investments of $5,000 or more. Please note that while a bonus that matches the deposit amount may be attractive, it is provided under special conditions that are described in detail in the Terms and are practically impossible to fulfill.

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FAQ

Is there any income guarantee when trading with fxonet.my/international?

The website does not provide any explicit guarantees of income, which is standard practice as licensed financial service providers are prohibited from promising profits.

What sum is necessary to begin dealing with Fxonet Ltd?

According to available information, the minimum deposit amount specified by the company is $250. Keep in mind that the broker states that it may change these requirements at any time.

What deposit and withdrawal methods are available?

The broker's clients can make payments using methods such as bank cards, bank transfers, and various e-wallets.

Is fxonet.my/international a legitimate website?

Although Fxonet Ltd claims to be registered and regulated in the Union of the Comoros, this jurisdiction is known for its relatively lenient regulatory environment.

Is it like roulette with no guarantee of earning money?

Trading with any unregulated or offshore broker carries significant risks, similar to high-stakes gambling. In addition, the website domain was only created on April 2, 2025.
John Hartman - lead author on Scamroulette.com
John Hartman

Be wary of this project. Although the MISA license was obtained on March 20, 2024, and it does indeed belong to Fxonet Ltd, the official domain listed in the registry is fxonetltd.com, not fxonet.my/international. Moreover, when visiting this website, it becomes clear that its content and design are completely different from the platform specified in the license. Finally, the UK FCA has issued a public warning about the Fxonet’s fraud.

Overall Score

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1.76/5
OVERALL

Based on 17 votes

17 reviews about Fxonet Ltd

  • Robert Andrews
    1 review
    06.12.2025 21:06
    A long and unpleasant story.

    My first trade was managed by an account manager, and it was successful. Then another manager contacted me, saying that the first one was on vacation, and insisted that I replenish my account. After that, I made many trades under his guidance, and a few days later, all my money disappeared from my account at FXONET LTD. When I questioned the manager’s assistance, he became defensive and started behaving badly, in particular, he stopped answering my calls. As a result, I lost $6,800 because of this trick. In other words, the company basically creates the illusion of profitability only to wipe out all your investments. However, I am looking into how to file a formal complaint against FXONET LTD, but the process seems complicated, since the company is based in an offshore zone.

  • Damian
    1 review
    23.11.2025 05:24
    This is an offshore trap!!!

    Everything seemed fine at first – after registering, I immediately transferred money and started trading. I worked with a small drawdown at first, but then I started making a profit. In the end, I submitted a request to withdraw $950, and Fxonet ltd employees blocked my account. Support initially said that this could happen because the account belongs to the company, and they can block it at any time if they don’t like something!

  • Mr. Bailey
    1 review
    22.11.2025 17:24
    THIS IS A SCAM SITE

    I heard that they have been blacklisted for a long time! I don’t know if it’s true or not, and I don’t know where to check. However, I didn’t come to this conclusion without reason. At first, FXONET LTD managers tried to zero out my account with a non-market quote, but they didn’t want to restore anything. However, I still got some of my money back through proceedings and a claim. After that, there were no such situations for a long time. Now the problem has arisen again: I requested a withdrawal, and they started checking my account, and the check has been going on for three weeks now. Moreover, as I expected, they adjusted my profit by 37%. Finally, I am closing my account for sure now. Since I have no desire to trade on fxonet.my/international

  • Schroeder
    1 review
    20.11.2025 07:10
    Traders, do not trust these swindlers!!!!

    I somehow got my money back from these crooks!!! Do not deposit your money on the scammers’ website.

  • Mike T.
    1 review
    09.11.2025 19:15
    Aggressive marketing and lies

    Their managers constantly call me, even after I asked them to stop. They use pushy sales tactics and make unrealistic promises about refunds. When I refused to deposit additional funds, the calls became more frequent and annoying. In other words, the behavior of FxonetLtd employees is more like harassment than professional service.

  • John D.
    1 review
    04.11.2025 23:51
    Complete fraud, avoid it!

    This is a fraudulent company, and they operate in a completely unprofessional manner. Their employees pressured me to deposit more and more money, and when I wanted to close my account and withdraw my funds, they put me through a procedure that wiped out my balance. I lost $1,300 on fxonet.my. On top of that, there is no adequate customer support here that could help, and I will never see my money again…

  • Gilbert
    1 review
    02.11.2025 22:21
    The broker will not give you your money

    You will never be able to withdraw your earnings; the crooks will find a bunch of reasons not to give them to you. That’s exactly how they treated me. In the end, they got tired of receiving letters and calls, and they blocked my account without explanation: no money, no answers to my requests, but these scoundrels advised me to open a new account and invest again! I do not recommend this scam to anyone, but the choice is yours, I’ve said it all.

  • NewTrader22
    1 review
    01.11.2025 14:33
    Complex and confusing process

    The platform interface is not at all suitable for beginners, contrary to what is stated on their website. In addition, the entire navigation process is complicated, and important information is difficult to find on fxonet.my/international. Although I am still trying to understand how everything works, the lack of clarity is very discouraging.

  • Sandra89
    1 review
    25.10.2025 01:42
    Is it possible to withdraw money???

    After a small profitable trade, I immediately requested a withdrawal from fxonet.my. Then my profile was blocked and the fxonet.my/international website became unavailable. Although I provided all my documents, it was useless. In total, I lost about $400, and no one from the company is responding to my emails. It’s a terrible experience…

  • Dr Brown
    1 review
    24.10.2025 19:59
    The company does not inspire any confidence.

    The website was created in 2025 and the broker is registered offshore. Of course, the project is trying to present itself in a certain way, and sometimes it even seems to be doing well, but overall, the Fxonet ltd platform is a sorry sight. Serious players don’t want to get involved with them because of the high spreads, and beginners are usually not very successful here, and it is on them that all the earnings are based.

  • Mr. Sullivan
    1 review
    24.10.2025 10:43
    You should get trained and become a trader right here

    This is a great service, especially if you use their services regularly, and especially if you use the training program, then success is inevitable. I would like to note that my journey from a beginner to a fairly successful trader, who is still learning and developing, was through training on the broker’s website fxonet.my. Yes, it was quite difficult—I learned a huge amount of information and many unfamiliar terms. However, the main thing is not only to learn everything, but also to apply the information correctly, because constantly updated analytics and constant changes in the world of finance require maximum attention and instant yet balanced decisions.

  • Willis
    1 review
    21.10.2025 13:42
    Excellent platform and excellent website

    The broker provides access to an excellent platform where everything is designed for the success and development of each of us. I would like to note that you can work with your hands and earn nothing worthwhile in your entire life, or you can earn a fortune with FXONET LTD. with a couple of good ideas. It’s no wonder they say that you’re a pawn if you work for someone else! I got tired of being a pawn, so I decided to start trading assets, but I had to learn how to do it first. Yes, I studied here for more than two months, and then I opened my first real account with $250. After a short time, I earned $200 and realized that it wasn’t enough and that I needed to start with $5,000. After I started varying other amounts, the amount of profit also increased sharply in my account at fxonet.my/international. The important thing is that I broke the $10k mark, and now I need to get to $25k first, then $50k, and then $100k.

  • Sharon R.
    1 review
    17.10.2025 03:33
    SCAMMERS! BASTARDS! SCOUNDRELS!!!

    I lost about $2,360 here. They promised me profits, but in the end, I lost everything because of an unstable terminal. Then I wrote to technical support many times asking them to return my funds, but there was no response.

  • Joanna
    1 review
    15.10.2025 14:11
    THIEVES!!!! I have no other words.

    The BROKER stole my $4,850. Stay as far away as possible from SUCH SCUM.

  • Leroy L.
    1 review
    09.10.2025 14:44
    Financial terrorists

    Such crooks should be put in prison without the right to pardon! They wiped out my $28K account…

  • David Lewis
    1 review
    09.10.2025 00:11
    The best decision was to open an account with this broker

    When I did that, I immediately realized how easy it is to be a trader. I have completely different problems now. Before, I didn’t know where to get money, but now I don’t know where to spend it 😂 That’s the transformation that happened to me!!! I was a math teacher, and I became a trader at fxonet.my/international, but I didn’t quit my job because I was already used to it.

  • Nettie9
    1 review
    06.10.2025 18:20
    They blocked my account

    Moreover, they did not block my account immediately, but only when I withdrew $12K. I opened it 4 months ago.

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Broker Profile

License
Offshore
Leverage
1:200
Demo account
Yes
Order Execution Model
DD
Minimum deposit
$250
Licensing Authorities
Questionable Regulator
Investor Protection
No
Transparency
Some Hidden Terms
Reputation
Bad
Auditing
Not Conducted

Why you can trust reviews about Fxonet Ltd

  • Our report includes a comprehensive look at the company and information on its background.
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