Broker | Fxonic |
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Website URL | https://fxonic.com/ |
Founded | 2022 |
Headquarters | Kingstown, St. Vincent and the Grenadines |
Support Number | /+442080898249 |
Support Types | Phone, chat, email, callback form |
Languages | English |
Trading Platform | WebTrader, Mobile Trader |
Minimum 1st Deposit | 250 USD |
Minimum Account Size | 250 USD |
Bonus | No |
Leverage | Varied |
Spread | Varied |
Free Demo Account | Yes |
Account Types | Basic, Gold, Platinum, VIP |
Deposit Methods | Credit/debit card, bank wire, SWIFT, SEPA |
Withdrawal Methods | Credit/debit card, bank wire, SWIFT, SEPA |
Number of Assets | 100+ |
Types of Assets | Forex, stocks, indices, commodities |
Mobile Trading | Yes |
Tablet Trading | Yes |
Overall Score |
Fxonic Review
The combination of technology, tight costs, accurate execution and friendly customer support continue to rank high in terms of what retail traders expect to get from their broker. Fxonic, a CFD provider that is very active in the market, seems to have understood that and managed to build a trading offer accordingly.
At first glance, we can mark this broker as affordable and accessible for all traders, thanks to the low deposit requirement for a Basic account. On top of that, there are several other interesting features, which we will discuss in today’s review.
Fxonic CFD coverage
Traders enjoy accessibility asset-wise when working with Fxonic, simply because the broker covers top markets. Currency pairs, shares, indices, commodities and crypto make up for an interesting mix that has the potential to fit various traders.
You can buy and sell gold CFDs, especially now that gold prices managed to briefly breach above the $2,000 mark. Bitcoin, EURUSD, and S&P 500 are other major assets that remain top picks among professionals and beginners. Fxonic promises tight spreads, relying on a multi-tiered approach, dictated by the account type each client chooses.
Trade from anywhere
By design, online trading is a flexible activity that can be performed from anywhere in the world. In fact, financial independence continues to be one of the main reasons why so many people engage in this endeavor.
Trading with Fxonic sticks to this pattern, and clients have access to the WebTrader, a proprietary platform that is compatible with any device that supports a browser. Using this solution means you can apply multiple strategies, analyze prices on different timeframes and manage risk like a pro.
The broker keeps the interface simple, aware that many traders who sign up have limited or no trading experience. However, performance has not been sacrificed, and clients continue to benefit from strong security and privacy features.
Four account solutions
Before signing up, it would be appropriate to go over the account offering. Fxonic wants to address all needs of different traders with 4 different accounts (Basic, Gold, Platinum and VIP), each providing a given list of features.
Some of the top differences have to do with spreads, swaps, and access to market analysis tools. Basic account holders get a pretty interesting pack of features, but other clients with bigger accounts can also benefit from withdrawals without fees, market reviews and daily analysis.
Fxonic has set clear rules on how traders can deposit/withdraw from a trading account. On the basis of transparency, all of the information is available on the broker’s website, as well as the client area, which is accessible once you hold an account.
Summary
Based on the trading conditions discussed in our review, it turns out that Fxonic is a reliable choice to consider when trading CFDs. That conclusion stems from the asset variety, multiple accounts, friendly platform and secure funding options. The focus seems to be entirely on the end-user and it looks like every client’s needs are addressed, regardless of what they are. That’s why we give it a good score.
Fxonic Overview
Product Name: Fxonic
Product Description: The combination of technology, tight costs, accurate execution and friendly customer support continue to rank high in terms of what retail traders expect to get from their broker. Fxonic, a CFD provider that is very active in the market, seems to have understood that and managed to build a trading offer accordingly.
Brand: Fxonic
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Trading Platform
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Customer Satisfaction
Summary
Based on the trading conditions discussed in our review, it turns out that Fxonic is a reliable choice to consider when trading CFDs. That conclusion stems from the asset variety, multiple accounts, friendly platform and secure funding options.