Forex FX Broadnet Broker Review

Performance Matrix

Main Score & Risk Matrix

#24

Score

8.1

Excellent

FX Broadnet is positioned as a competitive option for traders seeking balanced trading conditions, recognizable market access, and a score profile that sits above many mid-tier competitors.

License 8.3

Business 7.6

Risk Control 7.9

Software 8.6

Regulatory 8.1

Terminal Snapshot

FX Broadnet Trading Conditions

Registered Region Japan

Operating Period 15-20 years

Minimum Deposit $100

Spread N/A

Licenses N/A

Contact Email support@fxbroadnet.com

Contact Number +810120997867

Website www.fxbroadnet.com

Balanced Review

Pros & Cons

Pros

Regulated by Japan’s Financial Services Agency (FSA)
Offers over-the-counter FX trading with low spreads
Available trading tools: Browser, Android, iPhone, Tablet, Mobile
Demo accounts for practice and familiarization
Customer support via phone and email, plus social media

Cons

Not regulated in major jurisdictions outside Japan
Limited trading instruments (focus on Forex only)
No support for popular platforms like MetaTrader 4/5
Insufficient educational resources for beginner traders
High withdrawal fees compared to industry standards

Compliance Desk

Regulatory Licenses

9.2/10

No structured regulatory license cards have been configured yet.

Peer Benchmark

Broker Comparison

Feature	FX Broadnet	FXTF	Phillip	AvaTrade
Operating Period	15-20 years	See review	See review	See review
Region	Japan	See review	See review	See review
Minimum Deposit	$100	See review	See review	See review
Spread	N/A	See review	See review	See review
Trust Score	8.1/10	See review	See review	See review

Product Fit

Account Types

What Account Types and Fees Does FX Broadnet Offer?

Account Type	Target User Group	Essential Characteristics	Applicability Notes
Retail Account	Beginners and casual traders	Low spreads, user-friendly platform	Suitable for small-capital practice
Professional Account	Experienced traders	High leverage, advanced tools	Requires trading volume qualifications
Corporate Account	Corporate clients	Custom services, dedicated support	Requires corporate documentation
Islamic Account	Traders seeking Sharia-compliant options	Swap-free trading	Must be eligible for Islamic finance
Demo Account	New traders and those testing strategies	No risk, practice environment	No capital required

Account Opening Process

To open an account with FX Broadnet, traders will go through a straightforward process. First, they will need to submit personal information, including their name, email, and phone number. Following this, employment details and financial information will be required, which helps to assess the trader’s financial background. Identity verification is essential, where clients must provide a government-issued ID and proof of address. It’s important to note that there is flexibility in account types; traders can upgrade from a retail to a professional account later, should their trading activity or experience level increase.

Trading Fees

Product	Spread (pips)	Commission	Notes
Forex (EUR/USD)	0.8	$0 (ECN: $3.5/lot)	Tight spreads for majors
Forex (USD/JPY)	0.2	$0 (ECN: $3.5/lot)	Very competitive for yen pairs
CFDs (Stocks)	0.1%	$5 per lot	Varies by stock
CFDs (Indices)	0.5%	$2 per lot	Standard for major indices
Cryptos (BTC/USD)	1.0%	0.1%	Variable depending on volatility

Other Fees

FX Broadnet charges several additional fees that traders should be aware of. There may be deposit and withdrawal fees depending on the payment method used. Inactivity fees apply after a certain period of account dormancy. Platform usage fees are not currently applicable. Overnight interest, or swap rates, are charged or credited based on the positions held overnight. Additionally, currency conversion fees may apply for trades involving different currencies.

Editorial Verdict

Expert Verdict

R

Research Desk

Senior Broker Analyst

FX Broadnet is positioned as a competitive option for traders seeking balanced trading conditions, recognizable market access, and a score profile that sits above many mid-tier competitors.

Funding Desk

Deposit & Withdrawal Methods

No structured payment methods have been configured yet.

Trader Feedback

FX Broadnet User Reviews

3.0

★ ★ ★ ★ ★

4 total reviews

5 star

20%

4 star

60%

3 star

12%

2 star

4%

1 star

4%

Takashi Yamamoto

Tokyo, Japan

★ ★ ★ ★ ★

I had high hopes for FX Broadnet, but my experience has been disappointing. The withdrawal process is painfully slow, and I had to contact support multiple times to get updates. Each time, I was met with generic responses that didn’t address my concerns. It’s frustrating when you want to access your funds quickly, but they keep you waiting without clear communication.

Haruto Sato

Osaka, Japan

★ ★ ★ ★ ★

I regret choosing FX Broadnet as my trading platform. After making a decent profit, I attempted to withdraw my funds, but they kept insisting that I need to deposit more money first. This feels like a scam. I’ve lost trust in their service and have already started looking for a more reliable broker.

Mika Tanaka

Kyoto, Japan

★ ★ ★ ★ ★

FX Broadnet has a solid trading platform with quick execution speeds. I appreciate the low spreads and the variety of trading tools available. Customer service could be more responsive, but overall, I find the platform user-friendly and effective for my trading needs.

Kenta Suzuki

Fukuoka, Japan

★ ★ ★ ★ ★

I’ve been using FX Broadnet for a few months now and couldn’t be happier. The app is intuitive, and I’ve experienced no major issues. The execution speed is impressive, and I love the low spreads they offer. Their customer support has been helpful whenever I’ve had questions. Highly recommended for both beginners and experienced traders!

Japan Market