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BESTONFX -

Score

4.24 /10
Average

BESTONFX

South Africa

2-5 years

Regulated in South Africa

Financial Service Corporate

MT4 Full License

Global Business

Suspicious Overrun

Medium potential risk

https://bestonfx.tech

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Comparison

Quantity 1

Exposure

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Score

Regulatory Index3.51

Business Index5.48

Risk Management Index0.00

Software Index9.49

License Index3.51

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Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

Beston Internet Technology (Pty) Ltd

Company Abbreviation

BESTONFX

Platform registered country and region

South Africa

Company website

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Company summary

Pyramid scheme complaint

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WikiFX Risk Alerts
Previous Detection : 2025-03-01
  • This broker exceeds the business scope regulated by South Africa FSCA(license number: 53022)National Futures Association-UNFX Non-Forex License. Please be aware of the risk!

WikiFX Verification

Exposure

1 pieces of exposure in total
Pyramid scheme complaint
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BESTONFX · Company summary
BESTONFX Review Summary
Founded2023
Registered Country/RegionThailand
RegulationFinCEN, FSCA
Market InstrumentsForex, Commodities, Indexes, and Cryptos
Demo Account✅
Leverage1:500
Spread/
Trading PlatformMT4
Min Deposit/
Customer SupportLive chat
Email: support@bestonfx.com
Facebook, Instagram
Address: 111 Building A503 Praditmanutham Road, Lat Phrao, Bangkok 10230

Founded in 2023, BESTONFX is a regulated financial company registered in Thailand, offering trading in Forex, Commodities, Indexes, and Cryptos. It provides demo accounts for practice and MT4 platform for trading. BESTONFX claims to offer low spreads but provides limited info on trading conditions like min deposit, leverage, and commissions.

BESTONFX's homepage

Pros and Cons

Pros Cons
A wide range of productsShort operation time
Demo account availableLimited info on trading conditions
MT4 platformSingle account type
Popular payment options
Live chat support

Is BESTONFX Legit?

BESTONFX is regulated in both the United States by FinCEN and in South Africa by FSCA, with the appropriate licenses issued for providing financial services.

Regulatory AgencyCountryCurrent StatusLicense TypeLicense Number
Financial Crimes Enforcement Network (FinCEN)United StatesRegulatedFinancial Service31000237824049
Financial Sector Conduct Authority (FSCA)South AfricaExceededFinancial Service Corporate53022
Is BESTONFX Legit?

Is BESTONFX Legit?

What Can I Trade on BESTONFX?

Tradable Instruments Supported
Forex✔
Commodities✔
Indexes✔
Cryptocurrencies✔
Stocks❌
Bonds❌
Options❌
ETFs❌
What Can I Trade on BESTONFX?

Account Type

BESTONFX only provides a single standard account for live trading and a demo account for practising. The company claims to offer low spreads, however, there is limited information about trading conditions.

Account Type

Leverage

BESTONFX offers leverage up to 1:500. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Trading Platform

Trading PlatformSupported Available Devices Suitable for
MT4✔Windows, iOS, MAC, AndroidBeginners
MT5❌/Experienced traders
MT4

Deposit and Withdrawal

BESTONFX supports payments through Visa, Skrill, Neteller, PromptPay, and MasterCard.

Payment options

User Reviews

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User comment

10

Comments

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FX1733599540
more than one year
Its a fine broker, except support through emails is a little slow (you need to wait at least a day) and spreads are bad on forex minor pairs. No news, weekend or market close and open and you can get spread to 16 pips or more in my own personal trade. Dont even think about exotics... Hope this helps.
Its a fine broker, except support through emails is a little slow (you need to wait at least a day) and spreads are bad on forex minor pairs. No news, weekend or market close and open and you can get spread to 16 pips or more in my own personal trade. Dont even think about exotics... Hope this helps.
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2024-08-26 15:56
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Pierre Dupont
more than one year
BESTONFX started off smooth - easy to use and all. But the spreads could jump around like crazy, which wasn't cool. Plus, their customer service wasn't the most professional. So after two months, I decided to look elsewhere.
BESTONFX started off smooth - easy to use and all. But the spreads could jump around like crazy, which wasn't cool. Plus, their customer service wasn't the most professional. So after two months, I decided to look elsewhere.
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2024-06-28 18:38
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