WikiFX

Reply

Based on my careful assessment, I approach fxonet with significant caution and do not personally recommend trading any assets—including Gold (XAU/USD) or Crude Oil—with this broker. My main concern comes from key risk factors visible in the available information. Fxonet currently operates from Comoros and, in my experience, when a broker lacks credible regulation and receives warnings (such as being associated with a “Suspicious Regulatory License” and “High potential risk”), traders must be especially vigilant. I could not verify any strong evidence that fxonet offers access to precious metals or energy markets through a reliable trading platform; furthermore, as a rule in my own trading, I avoid brokers with a score as low as fxonet’s, compounded by explicit cautions about risk management and regulatory standing. Even if a broker advertises asset categories like Gold or Crude Oil, for me personally, the absence of trustworthy oversight is a decisive factor to stay away. When considering trading these volatile instruments, I always choose platforms that demonstrate transparent legal status and robust client protections to mitigate risks. With fxonet, I am left unconvinced of such standards, so I do not pursue any trading on this platform—nor would I encourage others to do so without clear, credible assurances that regulatory and operational risks are being adequately managed.