FXNET Limited, EMS Brokers' operator, reached a EUR225,000 settlement with CySEC (disclosed November 2025) over 2021-2022 conduct failings including product governance, record-keeping, and CFD marketing-restriction compliance -- its second CySEC action, following an earlier EUR60,000 fine in 2019 for breaches of the Investment Services Law.
| Regulated entity | Fxnet Ltd |
|---|---|
| Regulation | CySEC No. 182/12 |
| Other Tier-1 regulators | None confirmed |
| Founded | 2012 |
| Headquarters | Limassol, Cyprus |
| Minimum deposit | €200 |
| Avg. spread (EUR/USD) | Not independently confirmed |
| Platforms | MT5 |
| Instruments | Forex and CFDs, traded exclusively through MetaTrader 5 (no MT4 offering found) |
See EMS Brokers's full regulation dossier → · How to check whether a forex broker is regulated
Derived from the same confirmed data behind this broker's score (regulation, cost, platforms, deposit minimum) -- not a separate editorial judgment.
Via its CySEC-regulated Cyprus entity, eligible clients are covered by Cyprus's Investor Compensation Fund (ICF) up to €20,000 per person if the firm fails.
Beyond the headline spread and minimum deposit above. Where our research hasn't independently confirmed a specific detail, we say so rather than guess -- verify directly with the broker before relying on it.
| Account types | Not independently confirmed for this specific CySEC entity -- a broker called "FxNet" described elsewhere as IFSC-regulated and Dubai-based appears to be a different, unrelated company, so that data isn't attributed here. |
|---|---|
| Execution model | Not found for this entity specifically; claims of STP/ECN execution found online appear to describe the different, unrelated "FxNet" entity noted above. |
| Withdrawals & deposits | Not found verified for this entity. |
| Overnight financing (swap) | Not found. |
| Currency conversion cost | Not found. |
| Inactivity fee | Not found verified for this entity -- a EUR40 figure found online appears attached to the possibly different "FxNet" brand rather than this one. |
| Customer service | Not found. Independent trading-conditions coverage of this specific CySEC-regulated entity is very thin; its two CySEC settlements (see above) are the best-confirmed facts available. |
| Mobile experience | Not found. |
| Educational offering | Not found. |
See how EMS Brokers's spread cost compares across every researched broker → · Forex broker fees explained
Is EMS Brokers regulated?
Yes -- CySEC No. 182/12. See the regulation dossier on this page for the underlying licence numbers.
Is my money protected if EMS Brokers fails?
Via its CySEC-regulated Cyprus entity, eligible clients are covered by Cyprus's Investor Compensation Fund (ICF) up to €20,000 per person if the firm fails.
What is the minimum deposit at EMS Brokers?
Our research confirms a minimum deposit of €200.
What trading platforms does EMS Brokers offer?
EMS Brokers offers MT5.
What is EMS Brokers's average spread on EUR/USD?
Not independently confirmed in our research -- verify directly with the broker.
When was EMS Brokers founded?
EMS Brokers was founded in 2012.
How is EMS Brokers's overall score calculated?
EMS Brokers currently scores 2.36/5 overall under our disclosed nine-category methodology -- regulation & client protection 30%, trading costs 20%, non-trading fees 10%, platforms & tools 10%, execution/trading conditions 10%, product range 5%, deposits/withdrawals 5%, transparency 5%, track record 5%. It is not a comparison to other brokers and not based on hands-on testing.
A dated log of when our own published data about this broker actually changed -- not a reconstructed history of what the broker itself did. See the full change log tool for every broker.
EU clients typically served under Central Bank of Ireland / MiFID passporting rather than a direct CySEC CIF licence -- worth confirming which entity applies to you.
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