Yes, I just went through the same thing yesterday with my RAZR Maxx. Under Security & Screen lock in settings, I tapped Clear Credentials, and then the option for None was available. This will need to be redone if you activate Foxfi again. It seems to be a VPN work around they did.
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I was going to ask this same question as I had given FoxFi a try as well.....
So if I want FoxFi on the S5 the password is mandatory ?
Does FoxFi work on the S5 ? I sent them and email a week ago with no response.
Thanks for the help !