FXON

Acerca de FXON

FXON is an online Forex and CFD broker that provides traders with access to global financial markets through industry-standard trading platforms and flexible trading conditions. Operating under an offshore regulatory framework, FXON focuses on delivering accessible trading solutions for retail clients worldwide.

With a focus on competitive trading conditions and a broad range of instruments, including Forex, indices, commodities, metals, shares, and cryptocurrencies, FXON is designed to support both beginner and experienced traders seeking diversified market exposure.

Through the use of MetaTrader 4 and MetaTrader 5, flexible leverage options, and multiple account structures, FXON aims to provide traders with the tools, execution environment, and adaptability needed to participate in fast-moving global markets.

Safety and Regulations

Trading Regulators

FXON provides trading services through FXON Ltd, which is authorized by the Seychelles Financial Services Authority as a Financial Instruments Dealer under a Securities Dealer license. The broker discloses its license number as SD091 in its legal documentation and trading conditions pages.

Seychelles FSA regulation provides a formal licensing framework and ongoing oversight, but it is generally considered an offshore regime. As a result, the level of investor protections and supervisory intensity is typically lower than what traders may find under top-tier regulators such as FCA or ASIC.

Security

FXON states that it applies client fund protection measures aligned with its regulatory obligations, including handling client funds under trust obligations and strengthening internal controls designed to improve operational transparency and safety. The broker also highlights additional measures, such as insurance-related coverage for certain operational risks and participation in external dispute resolution frameworks.

In its risk disclosure documentation, FXON states that it provides negative balance protection for retail clients, meaning losses should not exceed the funds available in the trading account. This is an important safeguard for leveraged CFD trading, especially during volatile market conditions.

FXON also became an official member of The Financial Commission, an independent external dispute resolution body for the financial industry. The broker announced that its membership became effective on January 20, 2025, and The Financial Commission lists FXON as an active member with access to its Compensation Fund, with coverage up to 20000 EUR per complaint under the Commission rules.

Transparency

FXON publishes a dedicated legal information section that identifies the operating entity, jurisdiction, and licensing details, and it provides access to key policy documents such as execution policies, risk disclosures, and complaint procedures. This improves transparency by allowing traders to review the broker’s terms, execution approach, and risk framework before funding an account.

At the same time, because FXON operates under an offshore license, traders should place extra emphasis on verifying which protections apply to their specific account, including how dispute resolution works in practice and how product rules differ by region. Confirming the account entity and reading the broker’s official documents remains essential for understanding the exact protections and obligations that apply.

Instrumentos Operables

FXON provides access to a comprehensive range of tradable markets through CFDs, giving traders the ability to build diversified strategies across multiple asset classes. The broker aggregates liquidity and pricing via STP and OTC models, with instruments available on MetaTrader 4 and MetaTrader 5, allowing seamless execution and analysis across devices.

Tradable Assets and Markets at FXON

Forex

Forex is a core offering at FXON, with access to a broad selection of around 71 currency pairs, including majors, minors, and exotic pairs. These markets provide extensive liquidity and allow traders to express directional views on global currencies with floating spreads. Leverage on forex pairs can reach up to 1 to 10,00, depending on products and account terms.

Indices

FXON offers CFDs on major global indices, enabling traders to speculate on the performance of benchmark markets without owning the underlying assets. The available index products include popular global benchmarks such as the Nikkei 225, NASDAQ 100, Dow Jones Average, FTSE 100, and China A50. These instruments offer exposure to broad market segments and macroeconomic trends.

Metals

Precious metal CFDs such as gold, silver, palladium, and platinum are available for trading. Metal instruments serve both as portfolio diversification tools and as vehicles to take positions on macroeconomic and inflation-related moves.

Energies

FXON includes energy CFDs covering key commodity markets such as natural gas and crude oil. Energy products provide another way for traders to access global commodity markets without holding physical contracts, allowing speculation on supply and demand dynamics.

Cryptocurrencies

The broker provides cryptocurrency CFDs on a selection of digital assets. These products allow traders to speculate on price movements in markets such as Bitcoin, Ethereum, Litecoin, Dogecoin, Monero, and others without owning the underlying tokens. Cryptocurrency trading is available around the clock with high product volatility.

Shares

FXON offers a broad range of stock CFDs, including companies listed across the United States, Europe, and Asia. Traders can take positions based on share price movements without owning the underlying equity, supporting both long and short strategies within equity markets.

ETFs

Exchange-traded fund CFDs are available on selected ETF products, allowing traders to access diversified baskets of assets or thematic exposures such as technology sectors or market indices within a single instrument.

Account Types

FXON offers two main live account types that are designed to suit different trader profiles. Each account type provides access to the broker’s full range of instruments, the same core trading platforms, and similar leverage limits, with the key differences found in spreads and cost structures.

Account Options at FXON

Standard Account

The Standard Account at FXON is tailored for general retail traders and those who prefer a straightforward and simple pricing model. With this account, trading fees are incorporated into the spreads, meaning there is no separate commission charged on trades.

This account type is suitable for traders whose strategies are less sensitive to spread variations and who value ease of cost management without calculating separate fees for each trade. The Standard Account typically features spreads in the range that reflects costs passed through from liquidity providers.

Main features of the Standard Account include:

• Commission included in spreads
• Spreads generally widen compared to the Elite Account
• Designed for longer-term trading styles
• Access to forex, indices, metals, stocks, crypto, and energy instruments
• Same leverage framework as the Elite Account
• Minimum order size typically starts from 0.01 lots

Elite Account

The Elite Account is designed for more cost-conscious and active traders, including those who trade with higher frequency or engage in short-term strategies. Under this pricing model, FXON provides much tighter raw spreads, often as low as zero pips on major currency pairs, combined with a fixed commission charged per trade.

The Elite Account’s structure separates spreads and commissions clearly, allowing traders to benefit from narrow pricing while maintaining transparent cost calculation per trade. This can be especially attractive for professionals and scalpers who seek lower variable costs on frequent execution.

Main features of the Elite Account include:

• Commission charged per side on relevant instruments (for example, FX pairs)
• Tighter raw spreads with more competitive pricing
• Execution based on deep liquidity and pricing mechanisms
• Suited for scalping and shorter-term strategies
• Same access to instruments and leverage as the Standard Account
• Minimum order size typically starts from 0.01 lots

Demo Account

FXON offers a Demo Account that allows traders to practice without using real funds. The demo environment mirrors live market pricing and execution conditions, giving users the opportunity to explore platform features, test strategies, and familiarize themselves with trading instruments before transitioning to a live account. This can be particularly helpful for beginner traders who are building confidence or for experienced traders testing new techniques.

Demo accounts are available for both MetaTrader 4 and MetaTrader 5 platforms and can be opened quickly without a financial commitment. FXON typically provides virtual capital in the demo account to simulate real trading conditions, though demo performance may differ slightly from live execution due to simulated liquidity and pricing.

Islamic Account

FXON also supports Islamic Accounts, sometimes referred to as swap-free accounts, for traders who require compliance with Sharia law. Islamic accounts operate under the same core trading conditions as live accounts, with all market access, order types, and platform features available, but without overnight swap or rollover interest charges on eligible positions. This allows traders to hold positions beyond one trading day without incurring traditional financing costs.

To convert a live account to an Islamic account, traders typically must request the swap-free status through the broker’s support channels and provide information necessary for compliance verification. Islamic account terms may be subject to eligibility requirements and local regulatory conditions.

Plataformas Compatibles

FXON offers support for the most widely used trading platforms in the retail forex and CFD industry, allowing traders to access global markets through familiar interfaces. The broker’s platform offering is built around MetaTrader technology, which is recognized for its analytical tools, execution reliability, and cross-device accessibility.

• MetaTrader 4 (MT4)
• MetaTrader 5 (MT5)
• Web Platform

Overview of FXON’s Trading Platforms

MetaTrader 4

FXON provides MetaTrader 4 (MT4), one of the most established retail trading platforms globally. MT4 is known for its intuitive interface, reliable performance, and broad toolset. Through MT4, traders gain access to advanced charting, technical indicators, multiple timeframes, and support for automated strategies through Expert Advisors (EAs).

MT4 is available across desktop applications, a web-based WebTrader, and mobile apps for iOS and Android devices, ensuring that traders can monitor and execute trades wherever they are. FXON also provides additional custom indicators as add-ons to enhance technical analysis.

MetaTrader 5

FXON also supports MetaTrader 5 (MT5), the next-generation platform developed by MetaQuotes. MT5 includes more advanced analytical tools than MT4, an expanded set of technical indicators, more timeframes, and additional pending order types. It also integrates economic calendar and market depth features, offering a more comprehensive environment for multi-asset trading.

Like MT4, MT5 can be accessed via desktop software, WebTrader, and mobile apps (iOS and Android), allowing traders to stay connected across devices. Both platforms are offered free of charge with FXON accounts.

Web-Based Trading

FXON offers WebTrader versions of both MetaTrader 4 and MetaTrader 5, which allow traders to access full trading functionality directly from a web browser without needing to download software. This is useful for traders who prefer to trade from different computers or who cannot install applications locally.

Mobile Platforms

Mobile trading is supported through the MT4 and MT5 mobile applications for iOS and Android. These apps provide live pricing, charting tools, order execution, and account management features that mirror much of the functionality found in desktop versions. This ensures traders can manage positions and monitor markets while on the go.

Commission and Fees

FXON offers a transparent fee structure that varies by account type and instrument, giving traders options suited to both cost simplicity and tighter pricing. The two main live account types are the Standard Account and the Elite Account, each with its own trading cost model.

Trading Fees

On the Standard Account, FXON does not charge a separate commission on trades. Instead, trading costs are included within the variable spreads on instruments. This pricing model keeps commissions simple, with costs reflected directly in the spread between the bid and ask price.

In contrast, the Elite Account is designed for more active or professional traders who prefer tighter spreads. This account type offers raw spreads that can be as low as 0.0 pips on major forex pairs during periods of high liquidity, with a fixed commission charged per trade. FXON currently charges about three USD per lot per side on Elite accounts.

Spreads and commissions vary by instrument and market conditions. For example, spreads on major forex pairs tend to be narrower on the Elite Account compared to the Standard Account, reflecting the raw pricing structure.

Positions held overnight incur swap or rollover fees, which represent the cost of maintaining leveraged positions beyond a single trading day. Swap costs differ by instrument, direction of the position, and prevailing interest rates. As is common across the industry, triple swap charges may apply mid-week to account for weekend settlement.

Non-Trading Fees

FXON generally does not charge additional non-trading fees such as account maintenance or inactivity fees. Traders should be aware that payment providers and banks may apply their own fees for certain deposit and withdrawal methods, depending on region and currency.

Deposits and Withdrawals

Deposits

FXON provides several options for depositing funds through its wallet system, where funds are first credited to a wallet and then transferred into a trading account. Traders can fund their wallets using multiple methods, including bank wire transfer, cryptocurrency, and online payment services.

For deposits in USD, common methods include:

• International bank wire transfer with a minimum of 100 USD and no broker fee, typically processed within 2 to 5 business days.
• Cryptocurrencies such as Bitcoin and Tether (USDT), both with minimum deposits of 100 USD and processing times of about 10 to 60 minutes once funds arrive on the blockchain.
• Online payment services such as STICPAY and Peska with similar minimums and rapid processing ranging from 5 to 60 minutes.

For deposits in other currencies, such as JPY or EUR, similar methods are available with corresponding minimum requirements. For example, local bank wire deposits in JPY may process within minutes to an hour once the broker receives the funds.

Deposits of at least the minimum required amount are usually free of broker charges. However, traders are responsible for any third-party bank or network fees that may apply, particularly for international bank transfers and cryptocurrency network charges.

After depositing into a wallet, traders must transfer funds from the wallet into their trading account, which typically happens in real time within the client portal.

Withdrawals

FXON’s withdrawal process is designed to give traders flexible options for accessing their funds. The available withdrawal methods generally mirror the deposit options and allow withdrawals from a wallet to the chosen destination.

Common withdrawal options include:

• International bank wire transfer, with a minimum withdrawal of around 200 USD and a fee of about 34 USD. Processing times for bank transfers typically range from 5 to 10 business days.
• Cryptocurrency withdrawals for Bitcoin and Tether (USDT) with minimums of around 200 USD and no broker fee, with funds often processed within 10 to 60 minutes once approved.
• Online payment methods such as STICPAY and Peska have similar minimums and relatively fast processing, typically within an hour.

For withdrawals in other regions or currencies, similar options are presented, such as local bank wire transfers in JPY, which can be free when meeting minimums and processed within a few business days.

In certain cases, FXON may apply an additional fee if a withdrawal is made within two weeks of an initial deposit without any trading activity occurring in the interim.

Traders should also account for any external bank fees or intermediary charges that may be applied by financial institutions or networks during the withdrawal process, especially for international wire transfers or blockchain transactions.