24.02.2024

Please be advised that with regards to the upcoming Walmart 3 for 1 stock split, before market open on Monday February 26th, we will be performing the following adjustments to align any open positions with the corresponding corporate action of the underlying asset.

For any open trades that are still active after market close on Friday the 23rd of February, we will adjust the entry price and the volume of the trades to reflect the 3 to 1 split. During a 3 to 1 split, holders of physical shares of Walmart will be given 3 shares of Walmart for each share they hold at market close on Friday the 23rd of February. If someone holds 10 shares, he will have 30 shares after the split.

To reflect this action on the CFD offered on our trading platforms, Entry price of long or short positions will be divided by 3, and Volume (size) of long or short positions will be multiplied by 3. The closing price on Friday the 23rd of February will also be divided by three on our platforms to reflect the corporate action of the split.

Any pending orders, take profit or stop loss orders that are still active after market close on Friday the 23rd of February, will be removed from the server and you will be responsible to enter new pending orders and take profit/stop loss orders that will be relevant to the new adjusted prices at which Walmart shares will trade on Monday 26th of February, after the split.

Example of adjustment of a client holding a long position:

Volume 0.15lots (i.e., 15 share CFDs) opened in February, at price of 180.00 USD per share and theoretical closing price on Friday the 23rd of February at 210.00 USD per share. At this point the client is gaining 30 USD per share, multiplied by 15 shares = 450 USD profit excluding swaps and/or other fees.

After the adjustment, this client will see on his account 0.45 lots (i.e., 45 shares) at an adjusted opening price of 60.00 USD per share (180/3). The adjusted closing price will be 70.00 USD per share (210/3). Profit and loss of position (excluding swaps and/or fees) will be identical to the profit and loss of pre-split adjusted trade, i.e., 45 shares X 10.00 USD profit per share = 450 USD profit.

Margins requirements will not be affected by the adjustments.

If the event dates and/or trading conditions change you will be notified accordingly.

18.01.2023

Please be advised that on the 21st of January we will change the server’s name from Olo-Platforms to FxNet Limited. Therefore, in order to be able to login to your account after the change you should follow the steps below.

1. If you are using the desktop version of the client terminal, you can download and install the new platform from the website or you can take the following actions:
   
   File-Open an account -Scan - Select FxNet Limited-Real (or FxNet Limited-demo if you are using the demo)- Press Next-Select existing trading account- Insert your login code-Insert your password -Press Finish
2. If you are using the mobile version of the client terminal, you need to take the following actions:
   
   Go to Settings-Select New Account-Select login to an existing account-Then you should enter the new server’s name FxNet Limited-Real (or FxNet Limited-demo if you are using the demo) on the find broker tab-Insert your login code-Insert your password and press sign in.
3. If you are using the web trader version of the client terminal, we will update the link on the website, and you should be able to login as normal.

We remain at your disposal for any further assistance you might need.

Note: Once we update the links on the website, we will inform you via email and we will make an announcement on the website.

18.08.2022

Please be advised that from 00:00 to 01:00 platform time on the 25th of August we will be performing platform maintenance and trading will not be available during this time. Apologies for any inconvenience.

18.08.2022

Please be advised that with regards to the upcoming Tesla 3 for 1 stock split, after market close on Wednesday August 24th , we will be performing the following adjustments to align any open positions with the corresponding corporate action of the underlying asset:

For any open trades that are still active after market close on Wednesday the 24th of August, we will adjust the entry price and the volume of the trades to reflect the 3 to 1 split. During a 3 to 1 split, holders of physical shares of Tesla will be given 3 shares of Tesla for each share they hold at market close on Wednesday the 24th of August. If someone holds 10 shares, he will have 30 shares after the split.

To reflect this action on the CFD offered on our trading platforms, Entry price of long or short positions will be divided by 3, and Volume (size) of long or short positions will be multiplied by 3. The closing price of Wednesday the 24th of August will also be divided by three on our platforms to reflect the corporate action of the split.

Any pending orders, take profit or stop loss orders that are still active after market close on Wednesday the 24th of August, will be removed from the server and you will be responsible to enter new pending orders and take profit/stop loss orders that will be relevant to the new adjusted prices at which Tesla shares will trade on Thursday 25th of August, after the split.

Example of adjustment of a client holding a long position:

Volume 0.15lots (i.e., 15 share CFDs) opened in August, at price of 900.00 USD per share and theoretical closing price of Wednesday the 24th of August at 950.00 USD per share. At this point the client is gaining 50 USD per share, multiplied by 15 shares = 750 USD profit excluding swaps and/or other fees.

After the adjustment, this client will see on his account 0.45 lots (i.e., 45 shares) at an adjusted opening price of 300.00 USD per share (900/3). The adjusted closing price will be 316.66 USD per share (950/3). Profit and loss of position (excluding swaps and/or fees) will be identical to the profit and loss of pre-split adjusted trade, i.e., 45 shares X 16.66 Usd profit per share = 750 Usd profit.

Example of adjustment of a client holding a short position:

Volume 0.15lots (i.e., 15 share CFDs) opened in August, at price of 900.00 USD per share and theoretical closing price of Wednesday the 24th of August at 800.00 USD per share At this point the client is gaining 100 USD per share, multiplied by 15 shares = 1,500 USD profit excluding swaps and/or other fees.

After the adjustment, this client will see on his account 0.45 lots (i.e., 45 shares) at an adjusted opening price of 300.00 USD per share (900/3). The adjusted closing price will be 266.66 USD per share (800/3). Profit and loss of position (excluding swaps and/or fees) will be identical to the profit and loss of pre-split adjusted trade, i.e., 45 shares X 33.33Usd profit per share = 1,500 Usd profit.

Margins requirements will not be affected by the adjustments.

If you wish to avoid receiving adjustments on open positions, you may proceed and close the open trades before market close on Wednesday the 24th of August.

If the event dates and/or trading conditions change you will be notified accordingly.

14.07.2022

Please be advised that with regards to the upcoming Alphabet (Google) 20 for 1 stock split, during the weekend after market close of Friday July 15th , we will be performing the following adjustments to align any open positions with the corresponding corporate action of the underlying asset:

For any open trades that are still active after market close on Friday the 15th of July, we will adjust the entry price and the volume of the trades to reflect the 20 to 1 split. During a 20 to 1 split, holders of physical shares of Alphabet(Google) will be given 20 shares of Alphabet(Google) for each share they hold at market close on Friday 15th of July. If someone holds 10 shares, he will have 200 shares after the split.

To reflect this action on the CFD offered on our trading platforms, Entry price of long or short positions will be divided by 20, and Volume (size) of long or short positions will be multiplied by 20. The closing price of Friday 15th of July will also be divided by twenty on our platforms to reflect the corporate action of the split.

Any pending orders, take profit or stop loss orders that are still active after market close on Friday the 15th of July, will be removed from the server and you will be responsible to enter new pending orders and take profit/stop loss orders that will be relevant to the new adjusted prices at which Alphabet(Google) shares will trade on Monday 18th of July, after the split.

Example of adjustment of a client holding a long position:

Volume 0.15lots (i.e., 15 share CFDs) opened in July, at price of 2,200.00 USD per share and theoretical closing price of Friday July 15th at 2,300.00 USD per share. At this point the client is gaining 100 USD per share, multiplied by 15 shares = 1,500 USD profit excluding swaps and/or other fees.

After the adjustment, this client will see on his account 3.00 lots (i.e., 300 shares) at an adjusted opening price of 110.00 USD per share (2200/20). The adjusted closing price will be 115.00 USD per share (2,300/20). Profit and loss of position (excluding swaps and/or fees) will be identical to the profit and loss of pre-split adjusted trade, i.e., 300 shares X 5 Usd profit per share = 1,500 Usd profit.

Example of adjustment of a client holding a short position:

Volume 0.15lots (i.e., 15 share CFDs) opened in July, at price of 2,200.00 USD per share and theoretical opened in July, at price of 2,200.00 USD. At this point the client is gaining 200 USD per share, multiplied by 15 shares = 3,000 USD profit excluding swaps and/or other fees.

After the adjustment, this client will see on his account 3.00 lots (i.e., 300 shares) at an adjusted opening price of 110.00 USD per share (2200/20). The adjusted closing price will be 100.00 USD per share (2,000/20). Profit and loss of position (excluding swaps and/or fees) will be identical to the profit and loss of pre-split adjusted trade, i.e., 300 shares X 10 Usd profit per share = 3,000 Usd profit.

Margins requirements will not be affected by the adjustments.

If you wish to avoid receiving adjustments on open positions, you may proceed and close the open trades before market close on Friday July the 15th.

If the event dates and/or trading conditions change you will be notified accordingly.

27.05.2022

Please be advised that with regards to the upcoming Amazon 20 for 1 stock split, during the weekend after market close of Friday June 3rd, we will be performing the following adjustments to align any open positions with the corresponding corporate action of the underlying asset:

For any open trades that are still active after market close on Friday the 3rd of June, we will adjust the entry price and the volume of the trades to reflect the 20 to 1 split. During a 20 to 1 split, holders of physical shares of Amazon will be given 20 shares of Amazon for each share they hold at market close on Friday 3rd of June. If someone holds 10 shares, he will have 200 shares after the split.

To reflect this action on the CFD offered on our trading platforms, Entry price of long or short positions will be divided by 20, and Volume (size) of long or short positions will be multiplied by 20. The closing price of Friday 3rd of June will also be divided by twenty on our platforms to reflect the corporate action of the split.

Any pending orders, take profit or stop loss orders that are still active after market close on Friday the 3rd of June, will be removed from the server and you will be responsible to enter new pending orders and take profit/stop loss orders that will be relevant to the new adjusted prices at which Amazon shares will trade on Monday 6th of June, after the split.

Example of adjustment of a client holding a long position:

Volume 0.15lots (i.e., 15 share CFDs) opened in May, at price of 2,200.00 USD per share and theoretical closing price of Friday June 3rd at 2,300.00 USD per share. At this point the client is gaining 100 USD per share, multiplied by 15 shares = 1,500 USD profit excluding swaps and/or other fees.

After the adjustment, this client will see on his account 3.00 lots (i.e., 300 shares) at an adjusted opening price of 110.00 USD per share (2200/20). The adjusted closing price will be 115.00 USD per share (2,300/20). Profit and loss of position (excluding swaps and/or fees) will be identical to the profit and loss of pre-split adjusted trade, i.e., 300 shares X 5 Usd profit per share 1,500 Usd profit.

Example of adjustment of a client holding a short position:

Volume 0.15lots (i.e., 15 share CFDs) opened in May, at price of 2,200.00 USD per share and theoretical closing price of Friday June 3rd at 2,300.00 USD per share. At this point the client is losing 100 USD per share, multiplied by 15 shares = 1,500 USD loss excluding swaps and/or other fees.

After the adjustment, this client will see on his account 3.00 lots (i.e., 300 shares) at an adjusted opening price of 110.00 USD per share (2200/20). The adjusted closing price will be 115.00 USD per share (2,300/20). Profit and loss of position (excluding swaps and/or fees) will be identical to the profit and loss of pre-split adjusted trade, i.e., 300 shares X 5 Usd loss per share = 1,500 Usd loss.

Margins requirements will not be affected by the adjustments.

If you wish to avoid receiving adjustments on open positions, you may proceed and close the open trades before market close on Friday June the 3rd.

If the event dates and/or trading conditions change you will be notified accordingly.

01.02.2021

Dear Client,

This is to inform you that Fxnet Limited (the ‘Company’) has entered the UK’s Temporary Permission Regime from the 1st of January 2021.

Accordingly, we would like to disclose the following information to you:

The Company is deemed authorized and regulated by the Financial Conduct Authority. The nature and extent of consumer protections may differ from those for firms based in the UK. Details of the Temporary Permissions Regime, which allows EEA-based firms to operate in the UK for a limited period while seeking full authorization, are available on the Financial Conduct Authority’s website.
In the event of the Company’s failure, you may be entitled to compensation from the Cyprus Investors Compensation Fund, up to the amount of €20.000. The object of the Fund is to secure the claims of the covered Clients against the Company, in cases where the Company is unable to meet any of its obligations that arise as a result of the provision of investment and/or ancillary services and where the Company’s financial position is unlikely to change in the foreseeable future, by the payment of compensation for the Clients’ claims arising from the covered services provided by the Company, so long as failure by the Company to fulfill its obligations has been ascertained. More information can be found in the Company’s Investor Compensation fund policy.

The Company always keeps Clients’ funds in segregated accounts, clearly distinguishable from the accounts holding its own funds. Therefore in the event of the Company’s failure, the Company shall be able to distinguish clients’ assets and/or funds from its own funds and by this segregation the Clients’ assets and/or funds are protected. More information can be found in the Company’s Terms and Conditions of use section 26.

14.08.2020

IMPORTANT NOTICE: Apple and Tesla Stock Split.

On the 29th of July, Apple has announced a 4-for-1 stock split. Additionally, on the 11th of August 2020, Tesla has announced a 5-for-1 stock split. Both splits are expected to occur during the last week of August 2020 and trading on the new split-adjusted shares to start on the 31st of August 2020 for both Apple and Tesla.

Please be advised that, following the above announcements, NessFx will allow Pre-split Apple CFD and Tesla CFD shares trading until the final trading day during which pricing on the pre-split shares is available (expected to be available until Friday 28th of August) and before the split adjusted shares start trading. Please note that all open APPLE and TESLA trades should be closed by end of trading on the 28th of August 2020 (i.e. Friday before split-adjusted shares start trading). After the close of last trading day before split-adjusted shares start trading, all positions still open on Tesla and Apple will be automatically closed and a final cash settlement will be effected on your trading account. The current Apple CFD and Tesla CFD will then be terminated and replaced by new CFD contracts reflecting prices of the new split-adjusted shares.

08.06.2020

Please note that OIL-JUL20 will be rolled over from the July 2020 to the August 2020 contract during the weekend after 12.06.2020 close (June 13th). New contract platform name is OIL-AUG20.

Any pending orders placed on instruments that will be rolled over (such as Stop Loss, Take Profit, Entry Stops or Entry Limits) will be automatically removed from the system to avoid execution during rollover procedure.

A debit or credit adjustment will be executed to offset any price differences between the two contracts.

08.05.2020

Please note that OIL-JUN20 will be rolled over from the June 2020 to the July 2020 contract during the weekend after 2020-08-05 (May 8th) close. New contract platform name is OIL-JUL20.

Any pending orders placed on instruments that will be rolled over (such as Stop Loss, Take Profit, Entry Stops or Entry Limits) will be automatically removed from the system to avoid execution during rollover procedure.

A debit or credit adjustment will be executed to offset any price differences between the two contracts.

23.04.2020

Dear Client,

Please be advised that following the disconnection of USOUSD and USOil1000, we would like to introduce a new instrument called OIL-JUN20, with the following specifications:

Minimum Spread (points): 10

Minimum Price Fluctuation: 0.01

Value of 1 Lot: 1000 Barrels

Pip Value Per 1 Lot: 10 USD

Swap Rate (points) BUY: -0.3

Swap Rate (points) SELL: -0.26

Settlement: Futures (nearest expiry in May)

Trading Session 01:05-23:55 Monday to Friday

IMPORTANT NOTICE:
Please be advised that should OIL-JUN20 trade below the value of 5.00 USD, the instrument will be set on close-only mode and should the price drop below 3.00 USD all open positions will be closed at the available market price at that time.

Please take any necessary precautions in anticipation of such a scenario.

22.04.2020

Dear Clients,

Please note that following recent global developments related to oil value, our liquidity providers are no longer to provide pricing for the following instruments: USOUSD. and USOil1000.

Both instruments will be discontinued on the 23rd of April 2020. You may proceed with the manual closing of your trades on the above-mentioned products. Any remaining open transaction will be shut by the system. open transaction will be shut by the system.

21.04.2020

Dear Client,

Please note that following lockdowns and travel bans implemented by authorities all over the world, the global demand for oil got cut by as much as a third this month in comparison with the pre-crisis levels and coronavirus has sent the oil sector into a state of crisis.

Following the current volatility of this instrument, including its sub-zero plunge recorder on the 21st of April, please note that, effective immediately, we will switch USOUSD. and USOil1000 to “close only”. As a result, you will not be permitted to create any new Open Positions or place any Orders in USOUSD. and/or USOil1000 except orders to close existing Open Positions.

We apologize for any inconvenience caused.

18.03.2020

SHORT POSITION BAN

Due to the volatile situation in EU markets caused by the coronavirus outbreak, EU competent authorities including France’s AMF, Spain’s CNMV and Italy’s CONSOB have issued a ban on the creation or increase of short-positions where the underlying assets are listed on Regulated Markets/MTFs in their respective jurisdictions.

Therefore, please be aware that the following restrictions will be implemented:

- From 18th of March at 23:55 (server time) until the midnight of April 6th, you will not be able to place any new SELL orders for the following products: AIRBUS, BNPEU, CARREFOUR, MICHELIN, Renault, SANOFI, TOTAL and CAC 40

- From 18th of March at 23:55 (server time) until the end of the trading day on the 18th of June, you will not be able to place any new SELL orders for the following products: PIRELLI and Italy 40.

- From 18th of March at 23:55 (server time) until the end of the trading day on the 17th of April, you will not be able to place any new SELL orders for the following products: Spain 35

Please be advised that in the nearest days more competent authorities may issue similar restrictions and that the Short Position Ban End Date may be extended.

24.06.2019

Please be informed that - in order to meet our regulatory obligations and reflect new regulatory provisions - we have adjusted our client legal documentation. We encourage you to familiarize yourself with all the Legal Documentation, as well as to download and retain a copy of each new and updated document for your records.

14.01.2019

Important Notice: Brexit Withdrawal Vote

Dear Client,

This is a reminder that tomorrow Tuesday 15th January, UK Prime Minister Theresa May brings her Brexit deal to Parliament. Voting is due to start at 19:00 UK Time, however, any amendments may be put to the vote before the main vote takes place.

With all possible outcomes open we expect markets, and particularly directly related instruments (e.g. GBP FX pairs, UK stock market indices/shares) to experience extreme volatility with the possibility of wider spreads and price gaps throughout this risk event. For this reason, we strongly recommend that you ensure you have adequate funds in your trading account to protect your open positions. Kindly note, also, that due to an expected increase in volatility, market orders, as well as limit orders will be executed at the best available market price in line with our order execution policy.

In addition, we are pleased to announce that we will not be altering our margin requirements, but the company reserves the right to take all necessary measures to protect the clients and the company in accordance to our terms and conditions.

Should you have any questions please contact as on Live Chat or email us at [email protected].

17.08.2018

Please be advised that in compliance with the ESMA Product Intervention Measures we have revised our Terms and Conditions of Use and Client Categorization Policy. Updated Documents are available on our website where you can view them directly, however we encourage you to download a copy in a PDF format and store it safely for your own convenience.

24.07.2018

Important Notification: We are Upgrading to a New System

As part of our commitment to provide you with better and more efficient services, we are pleased to inform you that we are upgrading our systems (Client Area, Website, Trading Platform). Our new system will help us to offer more features and functionality in your trading experience. The upgrade will take place in two phases without interrupting normal trading activity.

Phase 1, July 24th

The Company will launch a new website in conjunction with a new client area. New clients will use the new system to register an account, and existing clients will be able to login to the old client area from the login button on the upper right corner of the new website until phase two below takes place.

Phase 2, July 29th

The Company will cease providing services on Sirix trader, therefore, all existing accounts will be transferred to the award winning Metatrader 4. Existing clients will receive their new client area login details, as well as the new login details for Metatrader 4.

Attention Existing Sirix Traders

Sirix contract sizes are different from those of Metatrader 4, therefore, you need to ensure that you familiarize yourself with the new trading conditions to avoid opening wrong contract sizes. New Contract sizes can be found at nessfx.com upgraded website.

We understand you may have questions about our systems upgrade, and we are here to help.

Customer Service Hotline

Our Customer Service Hotline will be available to assist you with your questions: +357 25022870.

Customer Service E-mail

[email protected]

We apologize for any inconvenience that might be caused by our system upgrade and sincerely thank you for your support and understanding which will assist in making our Company’s system upgrade process as smooth as possible.

17.07.2018

Attention: ESMA Product Intervention Measures

We would like to bring to your attention that the European Securities and Markets Authority (ESMA) has issued a temporary product intervention measures on the provision of Contracts for Differences (CFDs) for the protection of retail investors within the European Union.

What are the new rules that will impact my trading account?

Leverage limits on the opening of a position by a retail client from 30:1 to 2:1, which vary according to the volatility of the underlying:

1. Leverage 30:1 for major currency pairs
   
2. Leverage 20:1 for non-major currency pairs, gold and major indices
   
3. Leverage 10:1 for commodities other than gold and no-major equity indices
   
4. Leverage 5:1 for individual equities and other reference values
   
5. Leverage 2:1 for cryptocurrencies
   

The additional measures below are already implemented by NessFx.

1. A margin closes out rule on a per account basis, at 50% of minimum required margin.
   
2. Negative balance protection on a per account basis, providing a guaranteed limit that your balance will not drop below zero.
   
3. Restriction of incentives offered to clients.
   
4. Standardized risk warning.
   

When will the changes come into effect?

The relevant measures will start to apply from 1st of August 2018 for all CFDs.

What do I need to do?

As a Retail Client please note that these rules will impact all positions immediately, even if they have been open by you before the 1st of August 2018. You need to be aware and adapt your activities in the coming months, in particular to the change in leverage that will apply to your account; you may need to add funds to your account to keep your positions open or wind down your positions.

Important Note: The above restrictions will not apply to Professional Clients however, please be aware that being classified as a Professional means you will forfeit some protections that currently cover Retail Clients.

If you wish to find out more about your current categorization or request a change of your categorization, please contact our support department at [email protected].

25.06.2018

GDPR - Privacy Policy changes

Our Privacy Policy has been recently updated in compliance with the European Union's new General Data Protection Regulation (GDPR), to provide you with more information on how we collect, use, disclose, transfer, and store your personal information.

If you have any additional questions, please contact us at [email protected].

09.05.2018

Please be informed that - in order to meet our regulatory obligations and reflect new regulatory provisions stemming from the Markets in Financial Instruments Directive II (EU) 2014/65/EU (‘MIFID II’) and the Commission Delegated Regulation (EU) 2017/565 supplementing MiFID II, which came into force on the 3rd of January 2018 - we have adjusted our client legal documentation. We encourage you to familiarize yourself with all the Legal Documentation, as well as to download and retain a copy of each new and updated document for your records.

30.04.2018

Please be advised that our Pillars III Disclosures for the year 2017 and the Execution Quality Summary Statement, together with the RTS28 Disclosures are now available on our website.

03.04.2018

27.03.2018

Please note that trading hours will be affected due to upcoming Easter Holidays. For more details, kindly refer to our Holidays Calendar.

14.03.2018

Please note that our revised Key Information Documents are now available on the website.

12.03.2018

Hedged Margin Requirements

Please note that following our extended notification in relation to the new Hedged Margin %, scheduled to come into effect on Friday, 9th of March 2018, it was observed that many customers did not take any measures in their account/s prior to this change.
As a result of that, and as a responsible broker, we have decided to extend the notification for this change in order to allow customers to adjust their open positions or fund their account/s.
Hedged Margin of 50% new date will be on Friday, 16th of March 2018, at 21:00 (GMT+2).

02.03.2018

MARGIN RATE MODIFICATION NOTICE

Please be advised that we will revise our margin requirements on Friday, 9th of March 2018 at 21:00 GMT+2. Kindly note that new margin requirements will apply on existing open positions, thus we draw your attention that you may have to amend open positions or pending orders. Please make sure you have sufficient funds in your account to meet the new margin requirements. For more information check our Margin Requirements.

22.02.2018

Please be advised that on Sunday 11th of March 2018 the Daylight-Saving Time will begin in the USA, while in Europe and the UK it will begin on the 25th of March 2018. Therefore, for the period of 11.03.2018 – 25.03.2018, the trading sessions will be changed and as of March 25th, 2018, all trading sessions will be back to normal. For detailed information, please visit our Holiday Calendar.

13.02.2018

Please be advised that on Monday, 19th of February 2018 trading schedule for a number of products will be affected due to two overlapping holidays: President's Day in the USA and the Green Monday celebrations in Greece. To find out more, visit our Holiday Calendar.

12.02.2018

SWAP RATE MODIFICATION NOTICE

Please note that we have revised our swap rates on Monday, 12th of February 2018, on the following products:

- Currencies (click here to find out more)

- Metals (click here to find out more)

- Indices (click here to find out more)

- Commodities (click here to find out more)

-Shares (click here to find out more)

24.01.2018

MARGIN RATE MODIFICATION NOTICE

Pleas note that we will revise our margin requirements on the following instruments on Friday January 26,2018 at 21:00 (GMT+2), due to earnings releases, in an effort to protect clients and the company from negative balances due to potential extreme volatility, common during earnings releases period.