BestonFX
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.
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Windows, iOS, MAC, Android | Beginners |
| MT5 | ❌ | / | Experienced traders |
Deposit and Withdrawal
BESTONFX supports payments through Visa, Skrill, Neteller, PromptPay, and MasterCard.
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