BESTONFX Forex broker specializes in providing foreign exchange trading services, the company's official website https://cp.bestonfx.com/, the company's legitimate regulatory information United StatesFinCENFinancial Service,South AfricaFSCAFinancial Service Corporate, to enhance the security of the company's address 1014 Erasmus avenue, 29 Sharondale, Eldoraigne, 0157 Gauteng, South Africa..
BESTONFX Forex Broker
Basic information
South Africa
2-5 years Regulated in United States Regulated in South Africa Financial Service Financial Service Corporate MT4 Full License MT5 Full License Global Business Suspicious Overrun Medium potential riskCompany profile
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.
Rating Index
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Latest Reviews
raz2157
Israel
when i deposit my money to them like 850$ they accept it in 3-4 minutes when i tried to deposite my money when i did a profit apparently like 1021$ i can’t to withdraw my money they spead the time and said to me i need at least 3000$ to withdraw the money doesn’t make sense and frustrating now i am waiting for review more then.a week to say to me another exuse this is just sad
Exposure
2024-06-29
Pierre Dupont
France
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.
Neutral
2024-06-28
FX1733599540
Belarus
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.
Neutral
2024-08-26