BESTONFX

Overview of BESTONFX

BESTONFX is a brokerage firm based in Hong Kong. with this brokerage, traders have the opportunity to engage in trading activities across 50+ products, including Forex, Commodities, and Index products. In the Forex category, traders can access more than 40 mainstream and rare currency pairs, providing real-time prices and fluctuations for potential trading opportunities. The Commodities section features over 5 metal and energy commodities, such as gold, silver, oil, and natural gas, while the Index category includes a variety of global indices.

Traders at BestonFX have the option to leverage their positions with a maximum leverage of 500 times, allowing for potential amplification of returns or losses. The brokerage firm offers the MetaTrader 4 (MT4) trading platform, which is widely recognized as a leading platform for forex trading. The MT4 platform provides traders with access to multiple formats and transaction types, along with essential features and tools for technical analysis. Traders can access the platform through the MT4 Web Terminal or the MT4 Android app.

Pros and Cons

On the positive side, the brokerage provides access to multiple markets like Forex, Commodities, and Indices, allowing traders to explore different trading opportunities. Real-time prices and fluctuations for Forex trading enable traders to make informed decisions based on the latest market movements. The 24-hour trading availability in over 100 global markets provides accessibility for traders. Additionally, the widely recognized MetaTrader 4 (MT4) trading platform offers a reliable and feature-rich trading experience. On the downside, The limited number of market instruments available may restrict trading options for some traders. Additionally, there is limited information provided on deposit and withdrawal processes, spreads commissions, and account types. The absence of trading tools and educational resources further limits the overall trading experience.

Is BESTONFX Legit？

BestonFX, operated by the company called Beston Internet Technology Limited, hold a Crypto-license authorized by the Financial Crimes Enforcement Network (FinCEN) under license no. 31000237824049.

Market Instruments

BestonFX offers a diverse range of market instruments, providing traders with the opportunity to engage in trading activities across 50+ products, including Forex, Commodities, and Index products.

Forex

In the Forex category, traders can access more than 40 mainstream and rare currency pairs, such as EURUSD, GBPUSD, USDJPY, and AUDUSD. These instruments provide real-time prices and fluctuations, allowing traders to take advantage of market movements.

Commodities

The Commodities section features over 5 metal and energy commodities, providing opportunities for investors to trade in assets like gold, silver, oil, and natural gas. Additionally, the broker offers 10+ Contract for Difference (CFD) options, which enable traders to speculate on the price movements of various assets, such as stocks like Apple Inc. with details on their latest prices, closing prices, and percentage changes.

Index

Furthermore, BestonFX provides an Index category, where clients can engage with indices from around the world, including the S&P 500, NASDAQ-100, FTSE 100, DAX 30, Nikkei 225, CAC 40, Hang Seng Index, Shanghai Composite, etc.

Pros and Cons

Leverage

At BestonFX, traders have the option to leverage their positions with a maximum leverage of 500:1. This means that traders can amplify their potential returns or losses by multiplying their initial investment by up to 500.

Trading Platforms

BestonFX offers the widely recognized MetaTrader 4 (MT4) trading platform, which is considered the leading platform for forex trading. With MT4, traders have access to three formats for forex trading and six types of transactions. The platform also provides dynamic trading analysis, allowing users to make informed decisions. BestonFX allows trading 24 hours a day and participates in over 100 global markets, along with 24 global benchmarks. Additionally, the MT4 platform offers a range of features, including 30+ built-in indicators for technical analysis. Traders can access the platform through the MT4 Web Terminal or download the MT4 Android app for trading on-the-go. The platform provides essential functionalities like quotes, charts, trading, history, and settings to facilitate trading operations.

Pros and Cons

Payment Methods

BestonFX offers various payment methods for deposits. Clients have the option to transfer money through multiple channels, including account numbers, credit cards, and QR payment channels. The supported payment options include Mastercard, VISA, Skrill, NETELLER, and online banking.

Customer Support

BestonFX offers various channels for customer support, including Facebook, Instagram, LINE, YouTube, LinkedIn, and Telegram. These platforms serve as communication channels through which customers can seek assistance and address their queries. Additionally, BestonFX provides an email address, support@bestonfx.com, as a contact option. This allows customers to reach out to the broker for any concerns or issues they may have. The physical location of BestonFX is situated at 111 Building A503 Praditmanutham Road, Lat Phrao, Bangkok 10230.

Conclusion

In conclusion, BestonFX is a brokerage firm based in Hong Kong that lacks proper regulation, raising concerns about its legitimacy and posing potential risks to traders. On the positive side, the platform offers a diverse range of market instruments, including Forex, Commodities, and Index products, allowing traders to access various trading opportunities. However, it is crucial for traders to exercise caution due to the high potential risk associated with this broker's suspicious regulatory license. Additionally, the maximum leverage of 500 times can amplify potential returns or losses for traders. BestonFX offers the widely recognized MetaTrader 4 (MT4) trading platform, providing traders with essential functionalities and access to a wide range of global markets. The broker supports multiple payment methods for deposits, and customer support can be reached through various channels. Nevertheless, traders should carefully consider the risks and lack of proper regulation before engaging with BestonFX.

FAQs

Q: What market instruments does BESTONFX offer？

A: BESTONFX offers a diverse range of market instruments, including Forex, Commodities, and Index products.

Q: Can I trade Forex with BESTONFX？

A: Yes, BESTONFX provides access to over 40 mainstream and rare currency pairs for Forex trading.

Q: What commodities can I trade with BESTONFX？

A: BESTONFX offers over 5 metal and energy commodities, including gold, silver, oil, and natural gas.

Q: Does BESTONFX provide leverage options？

A: Yes, BESTONFX allows traders to leverage their positions with a maximum leverage of 500 times.

Q: What trading platform does BESTONFX offer？

A: BESTONFX offers the MetaTrader 4 (MT4) trading platform, which is globally recognized and provides various features for trading.

Q: What payment methods are accepted by BESTONFX？

A: BESTONFX accepts payment methods such as Mastercard, VISA, Skrill, NETELLER, online banking, and QR payment channels.

Q: How can I contact BESTONFX customer support？

A: BESTONFX provides customer support through channels like Facebook, Instagram, LINE, YouTube, LinkedIn, Telegram, and email (support@bestonfx.com).

Q: Where is BESTONFX located？

A: BESTONFX is located at 111 Building A503 Praditmanutham Road, Lat Phrao, Bangkok 10230.

Risk Warning

Trading online carries inherent risks, and the possibility of losing your invested capital is real. It's important to recognize that online trading may not be suitable for all individuals. Please take the time to understand the risks involved before proceeding. Additionally, keep in mind that the information provided in this review could change as companies update their services and policies. Therefore, it's recommended to verify any information directly with the company before making any decisions or taking action. Ultimately, the responsibility for using the information provided in this review lies solely with the reader.