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FXON

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FXON

FXON
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FXON is a Seychelles-based Forex broker licensed by the Seychelles Financial Services Authority (FSA).

There are two types of accounts available: the commission-free Standard account, and the Elite account, which features small spreads. The Elite account offers minimum spreads as low as 0.0 pips on USD pairs and JPY crosses, helping reduce trading costs, even for scalping or short-term strategies.

Unlike some brokers that restrict leverage ahead of economic announcements or during the early hours of the week, FXON typically does not impose time-based leverage limits. This allows traders to use high leverage and take advantage of significant price movements following indicator announcements.

The broker also provides free, original indicators. For instance, the JST Conversion Indicator displays Japanese Standard Time (JST) on MetaTrader4 and MetaTrader5 charts, which do not natively support JST. Maximize your MT4/MT5 experience with 20 indicators designed to meet traders' needs.

FXON has established a secure operational system as a member of the Financial Commission, a third-party dispute resolution body. In the event of a dispute between the broker and a trader, the trader can file a complaint with the Financial Commission and may receive compensation of up to €20,000 if the judgment is in their favor.

Another feature of this broker is the assignment of trackable IDs for every transaction involving fund transfers. Users can verify any issues during the deposit or withdrawal process, ensuring transparency and prompt support when needed.

As a downside, FXON does not offer bonuses, which may not appeal to traders who prefer to trade with bonus incentives.

Despite being founded in 2023 and having a shorter history compared to other major brokers, this emerging broker is gaining attention for its commitment to enriching the trading environment.

Official Website

Pros

  1. Spreads as small as 0.0 pips
  2. Leverage up to 1:1,000
  3. High transparency
  4. Original analysis tools
  5. Regular market reports

Cons

  1. Short history
    (backed by transparency and regulatory license)
  2. Limited account types
    (No micro account available. Easier to choose the right one)
  3. Leverage limits on certain instruments
    (1:500 for metals, 1:10 for cryptos)

Operating Company

Company name:
FXON Ltd
Head office address:
House of Francis, Room 302, Ile du Port, Mahe, Seychelles
Financial supervisor:
Seychelles Financial Services Authority (FSA) license number 8428188-1 / SD091
Founded:
2024
Capital:
Undisclosed

Customer Service

Website language:

[Asia] Japanese
[Europe and America ] English

Trading platform:
MetaTrader4/5
English support:
Email, Support Chat
Business hours:

[Email support] 365 days 24 hours
[Chat support] 365 days 24 hours

Email address:
[email protected]
Phone number:
-

Trading Rules

Roll over:
11:59 pm (Server time)
Margin call:
When the margin maintenance rate falls below 50%
Loss cut:
When the margin maintenance rate falls below 20%
Matched order:
Permitted(*1)
Request for additional margin:
None
(If the margin becomes negative, zero cut will be performed)
Funds management:
Managed in a segregated bank account
Bankruptcy compensation:
Full deposit compensation is not guaranteed

(*1)Hedging within the same account is allowed.

Conditions for Each Account Type

Trading platform:
MetaTrader4/5
Brokerage model:
STP (Market Execution) + OTC
Spread method:
Variable spreads
Trading account currency:
Japanese Yen, US Dollar, Euro
Maximum leverage:
1:1000
Initial minimum deposit:
$ 100 (USD)
Lot size:
100,000 units
Minimum order size:
0.01 lot
Maximum order size:
50 lots
Maximum open orders:
1,000 lots
Instruments（symbols）:

[FX/Currency Pair]: 71 
[CFD/Metals]: 6 
[CFD/Indices]: 12 
[CFD/Energies]: 3 
[CFD/Cryptocurrencies]: 25 
[CFD /Stock]: 104 

Available trading hours:
Monday 0:03 am - Friday 11:56 pm (Server time)
Transaction fees:
[Standard] None [Elite] $ 3 (USD)(*1)(*2)
Account maintenance fee:
None
Holding multiple accounts:
Permitted
GMT time difference:
Daylight saving time: +3 hours, Winter time: +2 hours

(*1)The fee is per order (One way).

(*2)Commissions apply to forex currency pairs and metal CFDs only; There is no commission for non-metal CFD.

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