FXON
| Promotion: | First Share Bonus |
| Regulated By: | Financial Services Authority Seychelles (FSA) |
| Headquarters: | F2-2A, Oceanic House, Providence Estate,Mahe, Seychelles |
| Foundation Year: | 2020 |
| Min. Deposit | 100 |
| Max Leverage | 1:1000 |
| Min. Spreads | From 0.0pips |
| Mobile Trading | |
| Web Trading | Yes |
| News Trading | Yes |
| Headging Scalping: | |
| Trade Platform | MT4 for Desktop, MT4 Web Terminal, MT4 Android, MT4 iPhone Trader, MT4 iPad Trader MT4 Multi Terminal, MT5 for Desktop, MT5 Web Terminal, MT5 Android, MT5 iPhone Trader, MT5 iPad Trader, Platform for Android, Platform for iOS |
FXON Forex Brokers draws mixed reviews from real traders, with many praising its fast execution and easy-to-use platform. Users highlight strong customer support and clear fee structure, which sets FXON apart from some competitors. On the downside, some investors mention slow withdrawal times and a limited set of advanced tools for experienced traders. The balance of positive and negative feedback can help you judge if FXON matches what you need. Take a close look at user ratings, weigh the main pros and cons, and decide if FXON suits your risk level and goals before you fund an account.
| Swap Free Acc | Yes |
| Acc Funding Methods | Credit Card, Debit Card, Western Union, Perfect Money, Neteller, Skrill, FasaPay, Internal transfer, Local Deposits, Bitcoin, TrustPay, Boleto, Multiple local methods, Sticpay, PayTrust, PayRetailers, Payment Asia, Crypto, Absa , Help2pay, Pix |
| Acc Withdrawal Methods | Credit Card, Debit Card, Western Union, Perfect Money, Neteller, Skrill, FasaPay, Internal transfer, Local Deposits, Bitcoin, TrustPay, Boleto, Multiple local methods, Sticpay, PayTrust, PayRetailers, Payment Asia, Crypto, Absa , Help2pay, Pix |
| Vip Accounts | Yes |
| Mini Accounts | Yes |
| Segregated Acc | Yes |
| Free Demo Acc | Yes |
| Managed Accounts | Yes |
| Islamic Accounts | Yes |
FXON Forex Brokers draws mixed feedback from traders. Some like its low spreads and quick trade execution, which help active traders keep costs down and catch better prices. Users also mention strong customer support that answers questions fast. On the downside, others note withdrawal delays and limited bonus offers. The broker holds a license, which builds some trust, but a few users still mention concerns about slow response times when issues pop up. User ratings often sit around average, reflecting both good trading conditions and a few customer headaches that could improve. If you care most about costs or support, you might find FXON a decent pick, but check recent reviews before joining.
| Broker Name: | FXON |
| Country: | Seychelles |
| Base Currencies: | EUR, USD, GBP, SEK, DKK, ZAR, NOK, PLN, AUD, AED, CZK and More |
| Languages: | English, Japanese, Chinese, Korean and More |
| News Trading: | Yes |
FXON made its debut in the forex and CFD market in 2025, following its Seychelles registration in 2023. The company operates with a license from the Seychelles Financial Services Authority (FSA), which gives it the ability to accept clients worldwide. While this provides a legal framework, FSA regulation is less strict compared to regulators like the FCA, ASIC, or CySEC.
FXON stands out by offering a wide range of assets and supporting both MetaTrader 4 and MetaTrader 5. These platforms are highly regarded by traders for both manual and automated trading. Whether you like to analyze charts yourself or prefer using trading bots, MT4 and MT5 deliver the tools needed for many trading styles.
You can trade a variety of CFDs through FXON, including forex pairs, cryptocurrencies, indices, stocks, metals, and energy. This range supports diverse strategies across different markets, all from a single platform.
This review covers FXON’s regulation, platforms, account types, trading conditions, payment methods, and overall experience. If you’re deciding whether FXON fits your trading needs, this guide has you covered.
FXON is registered in Seychelles and operates under the FSA, via FXON Ltd. (License No. 8428188-1). This status allows the broker to legally provide its services to international clients, but the level of regulatory protection is not as high as what’s found with the FCA in the UK, CySEC in Europe, or ASIC in Australia. Those regulators require more robust client fund protections, transparency, and strong trading standards.
With the FSA, FXON works under rules with fewer barriers and more freedoms, but also less oversight. This can mean higher risk for clients, as there are no formal compensation schemes or external dispute help that you might find in tighter jurisdictions.
To offer some client protection, FXON gives negative balance protection so your losses cannot exceed your deposit, and uses segregated accounts to keep client money separate from company funds. These steps help, but don’t replace the security found with top-tier regulators.
If you have experience with offshore brokers and know what to expect from this kind of regulatory regime, FXON may appeal to you. If you prefer strong regulatory protections, a broker with FCA or ASIC oversight might be a better match.
Trading at FXON means access to MetaTrader 4 and MetaTrader 5. Both are available on desktop, web, and mobile apps, ensuring you can trade from almost any device.
MetaTrader 4 (MT4):
MT4 is popular
for its straightforward layout, fast execution, and ability to run
automated trading tools known as Expert Advisors (EAs). With more than
30 indicators, nine chart timeframes, and flexible order types, MT4
suits most forex traders who seek a dependable platform.
MetaTrader 5 (MT5):
MT5 extends on MT4’s core features, offering 21 timeframes and over 80
built-in indicators. It’s a good option for anyone trading a variety of
markets, with improved scripting for automated strategies, an integrated
economic calendar, and a handy depth of market tool.
Supporting both platforms lets FXON offer flexible solutions for a wide range of strategies, whether you focus on manual trading, run EAs, or trade multiple markets from the same account.
FXON keeps things simple with two primary account types, the Standard and the Elite account. Both allow trading on MT4 and MT5, run on a market execution setup, and offer leverage up to 1:1,000.
This account is aimed at casual traders who want commission-free trading and a clear pricing structure. Spreads are slightly wider here, but there are no extra fees to worry about.
The Standard account fits new and intermediate traders who want clear costs and an easy-to-follow fee model.
A step up for more active traders, the Elite account features tighter spreads and access to more liquidity options. In return for lower spreads, you pay a commission per trade.
The Elite account is best for scalpers and pros trading larger size or higher frequency who want the best pricing and fast execution.
Summary:
Both account types have a low entry point with just $100 needed to
start, making FXON accessible for traders at most levels. You can pick
no-commission pricing for lower frequency strategies, or tighter spreads
with commissions if you’re trading often or in higher volumes.
Remember, high leverage is risky. Build a solid risk plan before using
maximum exposure.
FXON offers a wide selection of markets through CFDs, including forex, crypto, indices, stocks, metals, and energy. Using MT4 and MT5, you get access to all instruments on a single platform.
FXON’s diverse lineup supports a wide range of strategies, allowing both specialized and multi-market traders to build a tailored portfolio.
Deposits and withdrawals are processed mainly by bank transfer. This method is reliable and widely accepted, but can be slower and less convenient than modern payment options. There’s no support for credit or debit cards, e-wallets like Skrill or Neteller, or instant transfers.
FXON’s bank-only transaction setup keeps transfers secure but reduces speed and flexibility. Fees for smaller deposits or withdrawals can be high. If you need fast or fee-free transactions, this structure may not fit your needs. Plan funding and withdrawals ahead to avoid extra charges and delays.
FXON’s spreads are tailored to each account type. Both use floating spreads, with real-world rates depending on market conditions.
In our testing during peak hours, the Standard account delivered:
These rates fall inside FXON’s posted ranges, but may feel wide for scalpers or frequent traders. The Elite account offers lower spreads, but the added commission should be part of your total cost calculation.
If you’re trading less often, the Standard account’s all-in pricing is simple. For tight spreads, the Elite account brings more value to active traders. Keep in mind, spreads move with liquidity, volatility, and the trading session, so always check live conditions before making fast trades.
FXON offers up to 1:1,000 leverage for both Standard and Elite accounts. This level of exposure means you can control large positions with a small initial deposit.
High Leverage: Pros and Cons
Leverage increases both profits and losses. With 1,000:1, even minor
market moves can have a big impact—good or bad. This makes strong risk
management essential.
To protect traders, FXON includes negative balance protection so you won’t owe more than your deposit if trades go against you.
FXON’s high leverage will likely appeal more to seasoned traders who understand the risks and rewards. If you’re used to lower caps, like 1:30 in the UK or EU, take extra care before using such high levels.
FXON positions itself as a fresh option in forex and CFD trading, with strong support for both MT4 and MT5. The low $100 minimum deposit, wide range of markets, and very high leverage attract many types of traders. Two account options give flexibility between simple, commission-free pricing or low-cost trading for the more active.
On the downside, payment choices are limited to bank transfers, which may frustrate those who value quick, flexible funding. Spreads can be wider in practice than advertised, especially on the Standard account. While negative balance protection is standard, FXON’s offshore FSA license does not match the investor safeguards found with top-tier regulators.
Traders who are experienced with offshore brokers and who favor high leverage may find FXON a suitable fit. If you place a premium on high-grade regulation, fast funding options, or the tightest spreads, you may want to look to a more closely regulated provider.
Try a demo to test the trading environment, review live spreads, and check funding methods before depositing real funds.
Pros:
Cons:
