WikiFX

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Based on my thorough research experience and caution as a forex trader, I have found that fxonet does not clearly specify whether it offers fixed or variable spreads. That absence of transparency immediately raises concerns for me. Reliable brokers usually make such basic terms explicit, allowing traders to better understand potential trading costs and risks. Additionally, considering fxonet’s background—including having no valid regulatory information, a suspicious license status, and being flagged for high potential risk—I would approach all their trading conditions with a heightened sense of caution. In my experience, when a broker’s regulatory status is uncertain, unexpected changes in spreads—especially during periods of news-related volatility—can catch traders off guard. Unregulated or underregulated brokers often do not protect clients against sudden and significant widening of spreads or other adverse trading conditions. Without regulation, there’s little recourse if spreads balloon unpredictably during major news events, creating the risk of heavier losses or slippage. For me, clear disclosure of spread behavior is fundamental for trust. I would personally avoid trading with fxonet until they provide transparent, verifiable information regarding their spreads and regulatory obligations. Protecting capital always comes first, and I strongly recommend other traders weigh these risks carefully before engaging with this broker.