low
FXON is a forex broker located in the Seychelles, regulated by the Seychelles Financial Services Authority (FSA).
FXON accepts clients from all over the world, excluding USA and some other countries where restrictions apply.
Forex broker offers the following underlying assets for trading.
| 70+ Currency Pairs | Based on major and minor world currencies. |
| 25+ Crypto Pairs | Based on various top-rated coins and tokens. |
| 12 Indice CFDs | Based on baskets of different blue-chip stocks. |
| 6 Metal CFDs | Based on Gold, Silver, Platinum, Palladium. |
| 3 Energy CFDs | Based on Crude Oil (WTI, Brent) and Natural Gas. |
| 100+ Stock CFDs | Based on shares of US, UK and EU companies. |
FXON is a global forex and CFD broker founded in 2020 and registered in the Seychelles. The company operates under the oversight of the Seychelles Financial Services Authority (FSA), which provides a regulatory framework ensuring segregation of client funds and at least a certain degree of transparency, although it is an offshore regulator. FXON caters to clients from nearly every part of the world, excluding the United States and a few restricted jurisdictions, making it an accessible choice for most traders.
Like many offshore-registered forex brokers, FXON offers very high leverage of up to 1:1000, giving traders substantial buying power. The minimum deposit requirement is $100 across all account types, which positions FXON in the mid-range category among retail-oriented forex brokers.
In terms of account types, FXON keeps it simple with only two types to choose from:
– Standard Account, with commission-free trading spreads ranging from 1.5 to 2.5 pips
– Elite Account, with commissions of $3 per trade and spreads ranging from 0 to 0.8 pips
Both account types have the same minimum order size of 0.01 lots (1000 currency units) and provide access to the broker's full range of trading instruments.
FXON supports both MetaTrader 4 (MT4) and MetaTrader 5 (MT5), two of the most established trading platforms in the forex industry. MT4 remains the go-to platform for many traders due to its simplicity and large library of Expert Advisors (EAs), while MT5 offers additional features, such as more advanced order types and improved performance for automated trading strategies. As usual, these platforms are available in their standard downloadable versions for Windows and Mac computers, as well as in a web version and as mobile apps.
One of the more distinctive aspects of FXON is the Trader's Market, a unique section of the website that contains useful analytical tools, news reports, and a performance overview for portfolios shared by other traders. The Trader's Market does not include traditional copy trading, but instead offers a sort of social network where traders can like and share each others' trading performance.
The range of trading instruments available on FXON is broad, covering more than 200 trading pairs across multiple asset classes. The broker offers over 70 forex pairs, including major, minor, and exotic pairs, as well as some 25 crypto pairs based on popular digital assets such as Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC). In addition to forex and crypto, clients can trade 12 global stock indices, 6 metal CFDs based on gold, silver, platinum, and palladium, and energy commodities like oil and natural gas. FXON also lists over one hundred stock CFDs from leading US and European companies.
Funding and withdrawal options are varied and modern, reflecting FXON's commitment to serving an international audience. The broker supports traditional methods such as wire transfer alongside digital payment solutions like SticPay and popular cryptocurrencies including Bitcoin and Tether (USDT). The processing time for most funding methods is under 1 hour, and the broker does not charge any fees for processing deposits and withdrawals.
In summary, FXON has established itself as a capable provider in the offshore forex broker space. It combines a very wide selection of trading instruments with support for the very popular MT4 and 5 platforms, which we believe will be appealing to a large number of traders. It's also worth noting that the available leverage here is very high, which we know many traders appreciate (although it should be used with caution). All in all, we therefore see FXON as a broker that is worth serious consideration for traders.
