FxOnUs

Note: FxOnUs official site - https://fxonus.com/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

What is FxOnUs？

FxOnUs, an offshore forex broker owned by MarketOnUs Ltd. based in the Marshall Islands, claims a UK headquarters. It offers various financial instruments including IPOs, Forex, Shares, Futures, Spot Metals, Spot Indices, Cryptocurrency and Spot Commodities. However, the lack of regulatory oversight and a non-functional website raise concerns about reliability and credibility, increasing investment risks.

In our upcoming article, we will present a comprehensive and well-structured evaluation of the broker's services and offerings. We encourage interested readers to delve further into the article for valuable insights. At the end of the article, we will provide a concise summary that highlights the distinct characteristics of the broker for a clear understanding.

Pros & Cons

Pros:

• Acceptable Minimum Deposit: FxOnUs's minimum deposit for the standard account is as low as $100, making it accessible to a wide range of traders, including those with limited capital.

• Multiple Account Types: FxOnUs offers three account types to meet the needs of different levels of trader experience, investment capital, and trading strategies, offering flexibility to its user base.

• MT4 Trading Platform: The use of the well-respected MetaTrader 4 platform by FxOnUs gives traders access to a wide array of research and trading tools that help enhance trading efficiency and potential profitability.

Cons:

• Unregulated: FxOnUs's lack of regulation might raise concerns about the security of traders' funds and the reliability of its trading operations. Regulation brings credibility and assures traders of adherence to industry standards and practices.

• Website Unavailable: The unavailability of FxOnUs's website negatively impacts user experience, limiting access to information about the broker's services, features and updates.

Is FxOnUs Safe or Scam？

When considering the safety of a brokerage like FxOnUs or any other platform, it's important to conduct thorough research and consider various factors. Here are some steps you can take to assess the credibility and safety of a brokerage:

• Regulatory sight: Currently, this broker is running without any legitimate regulatory supervision, fostering doubts about its legitimacy and trustworthiness. This worry is heightened by the broker's inaccessible website. It's vital to engage in comprehensive research when involving oneself with any financial entity, particularly when clear cautionary indicators like these are evident.

• User feedback: There is a report about a scam on WikiFX which severely questions the broker's reliability. This serves as a serious warning for anyone considering their services and urges utmost caution.

• Security measures: So far we cannot find any security measures of this broker.

In the end, choosing whether or not to engage in trading with FxOnUs is an individual decision. It is advised that you carefully balance the risks and returns before committing to any actual trading activities.

Market Instruments

FxOnUs offers a comprehensive range of financial instruments and services to its customers, covering various markets and asset classes. These include Initial Public Offerings (IPOs), providing opportunities for investors to participate in the early stages of a company's public listing. The broker also facilitates trading in the Forex market, allowing clients to speculate on currency pairs' price movements.

Additionally, they offer access to shares, enabling investors to buy and sell stocks of publicly traded companies. For those interested in futures trading, FxOnUs provides instruments for trading futures contracts on various underlying assets. Furthermore, clients can trade spot metals, spot indices, cryptocurrencies, and spot commodities, diversifying their investment portfolios across different asset types and markets.

Account Types

FxOnUs offers various account types including a standard zero-bonus option for cautious traders (minimum $100 deposit advertised). They also have a standard account with a 50% bonus, but be wary of such offers from unregulated brokers. Finally, an ECN account is advertised, but without regulatory oversight, its legitimacy is questionable.

Leverage

FxOnUs advertises a maximum leverage ratio of up to 1:500 on their platform, a feature that may initially seem enticing due to its potential for increased profits. However, it's essential to recognize the elevated risk inherent in such high leverage. Leveraging amplifies trading positions, meaning that market movements can have a significantly larger impact on deposited funds. While this can result in higher profits, it also exposes traders to the possibility of rapid losses.

Spreads & Commissions

FxOnUs provides different spreads and commissions across its three account types. The standard zero-bonus account offers spreads from 1.1 pips with no commission. In contrast, the 50% bonus standard account features spreads starting at 2.5 pips. The ECN account boasts spreads as low as 0.2 pips and incurs a commission of USD 10 per lot.

The broker does not impose any additional trading-related fees.

Trading Platofrms

FxOnUs distinguishes itself by offering traders access to the widely acclaimed MetaTrader 4 (MT4) trading platform.

MT4 stands out as the preferred choice for professional traders globally due to its robust features and user-friendly interface. The platform provides an extensive suite of tools and capabilities, making it a versatile and comprehensive solution for traders of varying experience levels.

The MT4 platform's user-friendly interface ensures an intuitive and efficient trading experience. It features powerful charting tools that allow traders to conduct in-depth technical analysis, aiding them in making informed decisions. The inclusion of a substantial number of custom technical indicators further empowers traders to tailor their analyses to suit their specific strategies and preferences.

Deposit & Withdrawal

FxOnUs provides a variety of deposit/withdrawal options to cater to the diverse needs of its clients. Traders can fund their accounts conveniently through traditional methods such as bank transfers and credit/debit cards. Additionally, the broker supports popular online payment systems like Skrill, Neteller, and China UnionPay, offering a seamless and efficient deposit experience.

User Exposure on WikiFX

On WikiFX, a significant report about scam raises serious concerns and serves as a cautionary signal to traders. We strongly recommend that traders carry out a comprehensive review of all relevant details before making a decision. Our platform is designed to serve as a crucial resource in your trading journey. If you ever encounter any fraudulent brokers or have personally experienced such malpractices, we strongly urge you to report it in our “Exposure” section. Your contributions are invaluable in helping us achieve our mission, and our expert team will make every effort to respond to your concerns promptly.

Customer Service

Users can contact FxOnUs for inquiries through a variety of channels, including social media such as Facebook, Twitter, YouTube, etc. Also, they can contact the broker via email, phone and address for detailed inquiries and direct communication.

Address: Ajeltake Road, Ajeltake Island MH96960 Majuro Marshall Islands.

Email: fxonus@fxonus.com; support@fxonus.com

Tel: + 44-2031501511.

Conclusion

In summary, FxOnUs, domiciled in Marshall Islands, provides a comprehensive range of online trading services in IPOs, Forex, Shares, Futures, Spot Metals, Spot Indices, Cryptocurrency and Spot Commodities catered to a global audience. However, the absence of regulatory supervision paired with ongoing issues related to website accessibility cast considerable doubts regarding its operations. Given these concerns, we recommend you to consider opting for other brokers who underscore the value of transparency, rigidly adhere to regulatory requirements and consistently deliver high-quality, professional customer service.

Frequently Asked Questions (FAQs)

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.