Score
Seychelles
|
1-2 years
| https://fxon.com/
Website
Rating Index
MT4/5
Full License
FXON-Live01
Influence
C
Influence index NO.1
Japan 3.27
MT4/5 Identification
Full License
United KingdomInfluence
C
Influence index NO.1
Japan 3.27
LicensesLicensed Entity：FXON Ltd
License No. SD091
Single Core
1G
40G
1M*ADSL
Seychelles
Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong
fxon.com United States| FXON Review Summary | |
| Founded | 2005 |
| Registered Country/Region | Seychelles |
| Regulation | FSA (Offshore regulated) |
| Market Instruments | Forex, CFDs on cryptos, index, stocks, metals, energy |
| Demo Account | ❌ |
| Spread | 1.5-2.5 pips (Standard account) |
| Leverage | Up to 1000x |
| Trading Platform | MT4, MT5 |
| Minimum Deposit | USD 100 or equivalent |
| Customer Support | Inquiry form, live chat, FAQ |
| Social media: Twitter, Instagram,YouTube, LinkedIn, Tiktok | |
| Address: F2-2A, Oceanic House, Providence Estate, Mahe, Seychelles | |
| Restricted Region | United States |
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 | Cons |
| Rich educational resources | Offshore FSA regulation |
| MT4 and MT5 platforms | No demo accounts |
| Data leakage insurance | |
| Fund segregation | |
| Affordable minimum deposit |
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 |
| Trading Instruments | Supported |
| Forex | ✔ |
| CFDs | ✔ |
| Cryptos | ✔ |
| Indexes | ✔ |
| Stocks | ✔ |
| Metals | ✔ |
| Energy | ✔ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
There are two live accounts to choose from FXON: the Standard account for beginners and Elite account for professionals.
| Account Type | Minimum Deposit | Spread | Commission | Suitable for |
| Standard | USD 100 or equivalent | 1.5-2.5 pips | ❌ | Beginners |
| Elite | 0-0.8 pips | $3 orequivalent per trade | Professional traders |
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.
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.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Web, mobile, Windows, Mac | Beginners |
| MT5 | ✔ | Web, mobile, Windows, Mac | Experienced traders |
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.
| Deposit Method | Accepted Currencies | Minimum Deposit | Maximum Deposit | Deposit Fee | Deposit Time |
| Japan Local Bank Transfer | JPY | ¥10,000 | ¥10,000,000 | Free, ¥1,000 fee if deposit < ¥10,000 | 5 minutes – 1 hour |
| International Bank Transfer | USD | $100 | $1,000,000 | Free, $10 fee if deposit < $100 | 2 – 5 business days |
| Cryptocurrency (BTC/USDT) | JPY/USD/EUR | ¥10,000/$100/€100 | / | Free, 1,000 JPY / 10 USD / 10 EUR fee if under minimum | 10 minutes – 1 hour |
FXON allows withdrawals via local banks, international wire transfers, and cryptocurrency. Fees apply for lower-than-minimum withdrawals and vary by method.
| Withdrawal Method | Accepted Currencies | Minimum Withdrawal | Maximum Withdrawal | Withdrawal Fee | Processing Time |
| Japan Local Bank Transfer | JPY | ¥20,000 | ¥1,000,000 | Free, ¥2,000 fee if withdrawal < ¥20,000 | 1 – 2 business days |
| International Bank Transfer | USD | $200 | $1,000,000 | $34, +$20 and bank fees if withdrawal < $200 | 5 – 10 business days |
| Cryptocurrency (BTC/USDT) | JPY/USD/EUR | ¥20,000/$200/€200 | / | Free, Fee of 2,000 JPY / 20 USD / 20 EUR if under minimum | 10 minutes – 1 hour |
I trade forex, indices, stocks, cryptos, metals, and energy. No bonds or ETFs though. It’s a solid range for CFD traders like me.
I’ve seen two account options: Standard and Elite. The Standard account has spreads of 1.5–2.5 pips with zero commission. Elite has tighter spreads (as low as 0.0) but charges a $3 commission per trade.
From my perspective, FXON seems legit—they’re licensed by the Seychelles FSA, and they mention things like fund segregation and data insurance. Still, I treat offshore regulation as a yellow flag. I don’t go all-in without understanding the risks.
There are two: Standard and Elite. I started with Standard because of the $100 deposit, but if I trade more frequently, I’ll probably switch to Elite for lower spreads.
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