FXON Forex broker review — Everything you need to know

FXON is the company’s trading name and website name, and the company behind it is also FXON Ltd., a regulated forex broker. It offers standard and elite accounts and enables access to diverse trading instruments.

In this compact yet full FXON analysis, we will review its main features to evaluate its safety, accounts, trading costs such as spreads and commissions, profit withdrawal procedures, customer support experience, and more.

FXON Overview of the website

The website of FXON is crowded with media and information, especially with the menu, making it tricky to find essentials, such as account types, platforms, and so on. This is a serious issue and makes it difficult for traders to quickly find core details about the broker. Despite these inefficiencies, the website feels responsive, and it makes it possible to quickly navigate around. The design is like a template from online, as it is very simplistic in design. The website is available in four different languages, which is flexible. The live chat, as well as the FAQs section, is built directly into the website, enabling users to get assistance right away, without delays, which is also convenient.

The FXON website is mobile-friendly and enables traders to access their accounts from anywhere on the go, which is also a crucial feature. Overall, the website is mostly satisfactory, but we would love to see quality of life updates and improvements to make it even snappier and more informative.

FXON licenses and safety policies analyzed

Safety is the single most important factor when dealing with online forex brokers. This is because unregulated brokers are often scams, and even if they were reliable, they are not overseen and enforced to offer top-class protection features. The FXON Ltd broker is regulated offshore in Seychelles by the Financial Services Authority of Seychelles (FSA). While this regulator is not as strict as many other reputable ones, it still provides basic protection for investors. The broker keeps trader funds in segregated bank accounts, ensuring its capital and client money are on separate accounts. The broker FXON does offer negative balance protection (also called a “Zero Cut” system). According to their FAQ, if your account balance becomes negative, they will reset it to zero, meaning you won’t owe more than your deposit.

FXON Accounts Reviewed

FXON has a simplistic approach to account types. Unlike many other beginner brokers, it only offers two main account types: Standard and Elite. The standard account is a commission-free trading account for general FX trading, while the elite account allows raw spreads trading for competitive commissions. To clearly see how competitive the broker truly is, let’s briefly overview each of its trading accounts.

FXON Standard Account

The standard account has spreads from 1.1 pips and offers the following conditions:

• Minimum deposit – 100 USD
• Maximum leverage – 1:1000
• Spreads – From 1.1 pips on EUR/USD
• Commissions – 0 USD
• Minimum lot size – 0.01 lots

This account has an STP execution model and only allows the MT5 trading platform. Spreads range from 1.5 to 2.5 pips, depending on the instrument, and the lowest spread is charged on EUR/USD from 1.1 pips.

FXON Elite Account

The elite account combines STP with OTC execution for lower spreads but is not ECN. Here is what it has to offer:

• Minimum deposit – 100 USD
• Maximum leverage – 1:1000
• Spreads – From 0.0 pips
• Commissions – 3 USD per side per lot
• Minimum lot size – 0.01 lots

The elite account offers both MT4 and MT5 platforms, and traders can select which one suits their needs more. The spreads range from 0 pips to 0.8 pips, depending on the instrument.

As we can see, the broker is competitive and very transparent about its spreads and order execution technologies, mentioning dark pool liquidity and liquidity providers. This is a very good practice and allows traders to know their execution technology in advance.

Deposit and withdrawal options at FXON

Traders can fund their accounts using JPY, EUR, or USD. When it comes to deposits, they are usually processed within 5 to 60 minutes. Similarly, withdrawals are processed within 10-60 mins depending on the payment method. The international wire transfers usually take several business days, while BTC, USDT, STICPAY, and Peska enable much faster deposits and withdrawals. The minimum withdrawal amount is 200 dollars, and fees are not charged for most payment methods except for cryptos (blockchain gas fees) and wire transfers.

Overall, the deposit and withdrawal experience seems very convenient with FXON brokers, which is a positive sign.

FXON Assets — What can you trade?

The broker only offers CFDs for trading, meaning it enables fast trade execution and high leverage for relatively low costs. There are many different CFD assets available, such as cryptos, forex pairs, commodities, indices, and even stocks. This is very flexible, and while CFDs are known for their risks, they are still very good assets for speculative trading. CFD cryptos enable instant buy and sell orders, which is impossible using traditional cryptos, as you have to wait for network approval of every transaction.

Trading platforms of FXON

FXON trading apps are MetaTrader 4 and 5, which are very advanced and capable software. The broker allows traders to use custom indicators and automated trading systems (Expert Advisors), which is flexible. Mobile trading is available using both of these apps, and traders can access them on both iOS and Android devices. The website is also mobile-friendly, making it simple to access trading markets on the go and manage accounts.

Education at FXON

Educational resources at FXON are very limited. The broker only offers brief intros to each trading asset it offers, but it is not enough to start learning and gain practical skills. There are no video guides, trading articles, or trading webinars offered, which is a downside for beginners seeking to gain knowledge. The broker offers copy trading, and traders can select strategies from other traders in a trader’s market. Some of these strategies are fully automated, but some of them provide manual signals. There are no other market analysis tools available.

FXON Customer Support

When it comes to customer support experience, the broker offers live chat, an FAQ section, and email support channels. There is no phone support option available, which is a drawback. Support is easily accessible from mobile devices as well. When it comes to languages, the website and support channels are provided in four languages, which makes the broker multilingual.

FXON bonuses and promotions

FXON offers a dedicated page of bonus and promotional offers. There are demo trading challenges, low spreads offering, free offer of indicators, free VPS, and a first share trading bonus. The first share trading bonus offers 500 JPY to traders for just a few easy steps. Traders have to follow strict steps and then fill out the bonus form and wait for approval, which is a bit inconvenient.

Is FXON your broker? Final verdict

FXON is a regulated forex and CFDs broker, licensed by the FSA of Seychelles, offering advanced MT4 and MT5 apps, leverage up to 1:1000, and a low 100 USD minimum deposit. It provides negative balance protection, fast withdrawal processing, and two transparent account types, standard and elite. While its education resources are limited, FXON’s platform options, low spreads, and fast funding make it a solid choice for experienced traders seeking flexibility and speed.

FAQs on FXON broker

Where is FXON based?

No, FXON is a regulated broker under the FSA (Seychelles), offering verified client protection and segregated accounts.

Can you withdraw from FXON?

Yes, withdrawals are allowed and processed quickly — typically within 10–60 minutes, depending on the method