BESTONFX Spreads, leverage, minimum deposit Revealed

WikiFX | 2025-02-05 18:23

Abstract：Founded in 2023, BESTONFX is an unregulated 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 Review Summary
Founded	2023
Registered Country/Region	Thailand
Regulation	FinCEN, FSCA
Market Instruments	Forex, Commodities, Indexes, and Cryptos
Demo Account	✅
Leverage	1:500
Spread	/
Trading Platform	MT4
Min Deposit	/
Customer Support	Live 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.

Pros and Cons

Pros	Cons
A wide range of products	Short operation time
Demo account available	Limited info on trading conditions
MT4 platform	Single 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 Agency	Country	Current Status	License Type	License Number
Financial Crimes Enforcement Network (FinCEN)	United States	Regulated	Financial Service	31000237824049
Financial Sector Conduct Authority (FSCA)	South Africa	Exceeded	Financial Service Corporate	53022

　　What Can I Trade on BESTONFX?

Tradable Instruments	Supported
Forex	✔
Commodities	✔
Indexes	✔
Cryptocurrencies	✔
Stocks	❌
Bonds	❌
Options	❌
ETFs	❌

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.

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.