Company Profile
Company Profile
Review summary
| BESTONFX Review Summary | |
| Founded | 2023 |
| Registered Country/Region | Thailand |
| Regulation | FinCEN, FSCA |
| Market Instruments | Forex, Commodities, Indexes, and Cryptos |
| Demo Account | ✅ |
| Leverage | 1:500 |
| Spread | / |
| Trading Platform | MT4 |
| Min Deposit | / |
| Customer Support | Live chat |
| Email: support@bestonfx.com | |
| Facebook, Instagram | |
| Address: 111 Building A503 Praditmanutham Road, Lat Phrao, Bangkok 10230 | |
Founded in 2023, BESTONFX is a regulated financial company registered 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.
Pros and Cons
| Pros | Cons |
| A wide range of products | Short operation time |
| Demo account available | Limited info on trading conditions |
| MT4 platform | Single account type |
| Popular payment options | |
| Live chat support |
Is BESTONFX Legit?
BESTONFX is regulated in both the United States by FinCEN and in South Africa by FSCA, with the appropriate licenses issued for providing financial services.
| Regulatory Agency | Country | Current Status | License Type | License Number |
|---|---|---|---|---|
| Financial Crimes Enforcement Network (FinCEN) | United States | Regulated | Financial Service | 31000237824049 |
| Financial Sector Conduct Authority (FSCA) | South Africa | Exceeded | Financial Service Corporate | 53022 |
What Can I Trade on BESTONFX?
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Indexes | ✔ |
| Cryptocurrencies | ✔ |
| Stocks | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
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.
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 Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Windows, iOS, MAC, Android | Beginners |
| MT5 | ❌ | / | Experienced traders |
Deposit and Withdrawal
BESTONFX supports payments through Visa, Skrill, Neteller, PromptPay, and MasterCard.
raz2157
Israel
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
Exposure
FX1733599540
Belarus
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.
Neutral
Pierre Dupont
France
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.
Neutral
FX1678917738
Malaysia
A large range of markets, reasonable costs and good execution of orders. I find logging in a bit inconvenient because the chat pop-up interferes.
Positive
Danielchan
Singapore
good good good, their service deserves 10 stars!!! 👍👍👍
Positive
Michael Davies
New Zealand
Contacted by phone, answered quickly. Couldn’t immediately answer my question but they called back promptly with the solution.👍👍👍
Positive
FX1523875063
Philippines
Say hello to my forex saviour – BESTONFX! The account setup process was as quick as a highway ride with their amiable customer service team leading me through it. The phrase “No Slippage” appears to be the mantra at BESTONFX. Their trading platform’s performance is simply superb. It delivers real-time data accurately and without any delay, which is crucial for quick order execution and the prevention of any slippage. Ok, i would say, if you're looking for a broker that walks the walk rather than just talking the talk, BESTONFX is the way to go.
Positive
Cooperhere
South Africa
The performance of the MT4 platform offered by BESTONFX is truly excellent! It's stable and user-friendly, making it easy even for beginners. The speed of trade execution is tremendously fast, ensuring no delays that could impact trading outcomes. The availability of indicators and drawing tools for market analysis greatly enhances the trading process. Its compatibility with different operating systems and mobile availability is simply icing on the cake. I must say, BESTONFX's MT4 platform has significantly uplifted my trading experience.
Positive
Logan Baker
Netherlands
Customer support is quick, but they are not professional. They don't seem to know what they're talking about, and they're not very helpful.
Neutral
nN
Kazakhstan
This forex broker left me feeling frustrated and disappointed on multiple fronts: First, their trading platform was nothing short of a nightmare. It was slow, clunky, and often unresponsive. Trades I entered were frequently executed at unfavorable prices, causing losses that hit where it hurt the most – my wallet. If that wasn't enough, the slippage and spreads with BESTONFX were exasperating. It felt like I was constantly fighting an uphill battle, struggling to secure favorable entry and exit points. Lastly, their response time was in another time zone. Slow and unhelpful, they left me hanging when I needed assistance the most.
Neutral