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BESTONFX -

Score

1.93 /10
Danger

BESTONFX

Hong Kong

2-5 years

Suspicious Regulatory License

MT4 Full License

Global Business

High potential risk

https://www.bestonfx.com

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Comparison

Quantity 3

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index5.34

Risk Management Index0.00

Software Index8.22

License Index0.00

Open Account
Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Broker Information

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Company Name

BESTONFX

Company Abbreviation

BESTONFX

Platform registered country and region

Hong Kong

Company website

Facebook

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away!
Previous Detection : 2025-01-01
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Exposure

3 pieces of exposure in total
Pyramid scheme complaint
Expose
Others

Autotrading disabled by broker server

Unable to use EA even though it was working normally before

Mr.Pao
2024-01-15 14:43
Unable to Withdraw

Can't withdraw money, all sorts of excuses. If you deposit a lot, withdraw a little, you might get it.

Played and got a lot of profits, couldn't withdraw, the excuse was that they used some programs, some EA, some Arbitrage, many people got hit.

T7120
2024-02-14 11:28
Scam

i can’t withdraw my money

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

raz2157
2024-06-29 19:05
BESTONFX · Company summary
BESTONFX Review Summary
Founded2023
Registered Country/RegionThailand
RegulationNo Regulation
Market InstrumentsForex, Commodities, Indexes, and Cryptos
Demo Account✅
Leverage1:500
Spread/
Trading PlatformMT4
Min Deposit/
Customer SupportLive chat
Email: support@bestonfx.com
Facebook, Instagram
Address: 111 Building A503 Praditmanutham Road, Lat Phrao, Bangkok 10230

Founded in 2023, BESTONFX is an unregulated financial companyregistered 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.

BESTONFX's homepage

Pros and Cons

Pros Cons
A wide range of productsShort operation time
Demo account availableNo regulation
MT4 platformSingle account type
Popular payment optionsLimited info on trading conditions
Live chat support

Is BESTONFX Legit?

Currently, BESTONFX operates without proper regulatory oversight. The domain for this entity was registered on January 11, 2023, and it is locked with restrictions on deletion, renewal, transfer, and updates by the client. We advise you to look for regulated brokers instead.

Domain information

What Can I Trade on BESTONFX?

Tradable Instruments Supported
Forex✔
Commodities✔
Indexes✔
Cryptocurrencies✔
Stocks❌
Bonds❌
Options❌
ETFs❌
What Can I Trade on BESTONFX?

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.

Account Type

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 PlatformSupported Available Devices Suitable for
MT4✔Windows, iOS, MAC, AndroidBeginners
MT5❌/Experienced traders
MT4

Deposit and Withdrawal

BESTONFX supports payments through Visa, Skrill, Neteller, PromptPay, and MasterCard.

Payment options

User Reviews

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User comment

10

Comments

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FX1733599540
more than one year
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.
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.
Translate to English
2024-08-26 15:56
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Pierre Dupont
more than one year
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.
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.
Translate to English
2024-06-28 18:38
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