FXON Spreads, leverage, minimum deposit Revealed

FXON Information

　　FXON is a Seychelles-beased brokerage company who focuses on trading services in forex and CFDs in commodities, indices, cryptocurrencies and stocks. It offers the industry-leading MetaTrader 4 and 5 platforms to enhance customer trading experience.

　　Minimum deposit is affordable at USD 100 or equivalent, friendly to even beginners. And the broker implements fund segregation to separate client funds from their operational accounts. What's more, damage insurance in the event of a data leakage or disaster is also available to protect customer data.

　　The good thing is that the company is regulated by FSA, which means its financial activities are strictly watched by these authorities, to some extent guarantees a certain level of customer protection. However, you should be cautious because the FSA regulation is offshore only.

Pros and Cons

Is FXON Legit?

　　FXON is currently being well regulated by FSA (the Seychelles Financial Services Authority) with license no. SD091.

　　However, one fact that you should not neglect is that the SFA regulation is offshore only, which indicates less grasp by the authority.

Regulated Country	Regulator	Current Status	Regulated Entity	License Type	License No.
	FSA	Offshore Regulated	FXON Ltd	Retail Forex License	SD091

What Can I Trade on FXON?

Account Type & Fees

　　There are two live accounts to choose from FXON: the Standard account for beginners and Elite account for professionals.

Leverage

　　While the broker offers leverage up to 1000x, traders should use leverage cautiously and choose the product that best suits their experience levels to avoid huge losses.

Trading Platform

　　FXON claims to use the world renowned MetaTrader 4 and 5 platforms, which are well-recognized by its advanced charting tools and robust functionalities.

　　You can reach the platform on web, or download app from Windows, mobiles phones and Mac.

Deposit and Withdrawal

• Deposit

　　FXON supports deposits via local and international bank transfers, as well as cryptocurrency. Deposits are generally free of charge if the minimum amount is met, and processing times vary by method.

• Withdrawal

　　FXON allows withdrawals via local banks, international wire transfers, and cryptocurrency. Fees apply for lower-than-minimum withdrawals and vary by method.