BESTONFX Forex Broker

BESTONFX Review SummaryFounded2023Registered Country/RegionThailandRegulationFinCEN, FSCAMarket InstrumentsForex, Commodities, Indexes, and CryptosDemo Account✅Leverage1:500Spread/Trading PlatformMT4Min Deposit/Customer SupportLive chatEmail: support@bestonfx.comFacebook, InstagramAddress: 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 ConsPros Cons A wide range of productsShort operation timeDemo account availableLimited info on trading conditionsMT4 platformSingle account typePopular payment optionsLive chat supportIs 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 NumberFinancial Crimes Enforcement Network (FinCEN)United StatesRegulatedFinancial Service31000237824049Financial Sector Conduct Authority (FSCA)South AfricaExceededFinancial Service Corporate53022 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 PlatformTrading PlatformSupported Available Devices Suitable for MT4✔Windows, iOS, MAC, AndroidBeginnersMT5❌/Experienced tradersDeposit and Withdrawal BESTONFX supports payments through Visa, Skrill, Neteller, PromptPay, and MasterCard.