Are you looking for a new CFD broker to work with? Do existing brands fail to address all your needs? If that’s the case, then maybe it’s time to consider a company that has been launched recently, providing a tailored ecosystem aligned with what modern traders expect to receive.
A good candidate in that respect is Fxonic, a CFD provider that is now getting increased traction. Today we want to figure out whether this is a good broker to work with so stick around till the end of this review to find out.
This turns out to be a good broker for the masses, judging by the asset coverage. With Fxonic traders have access to hundreds of currency pairs, shares, indices, commodities, and cryptocurrencies. If you are willing to cope with larger price swings and find the opportunities in them, there are always instruments that are able to meet your needs. Conversely, conservative traders have access to liquid assets which post smaller daily ranges.
Speaking of spreads, you must first consider an account type. There are four options available and for larger accounts, Fxonic offers spread and swap reductions. Adding to competitive costs, the broker promises accurate execution and strong security. These are financial derivatives, so you don’t need to worry about vulnerabilities associated with owning the underlying asset.
We need to put an emphasis on the account types because this influences what features you can access. Currently, Fxonic offers Basic, Gold, Platinum and VIP tiers, providing interesting features such as:
- Spread markdowns
- Market reviews
- Withdrawals without fees
- Daily analysis
- Full access to assets
- Swap reductions
In terms of the most affordable account, Basic takes the prize thanks to the $250 initial deposit. Traders with more capital available for trading should consider larger accounts since trading conditions improve exponentially. However, in case you want to see what the broker is capable of, you can do so with limited funding. Fxonic lets each user decide what account is better for them, and in case you need more information, customer support can fill the gaps.
The most convenient and fast way to fund an account with Fxonic is by using a credit or debit card. The deposit is processed almost instantly and you can start trading immediately. Also, the broker accepts payments using bank and wallet transfers. More details are available via your account manager.
To withdraw from a live account, you should first submit a request from the client area. The billing department will process and approve the payment within 3-4 business days maximum. However this time period doesn’t take into account the time that might be required by the payment service provider to complete the transfer.
After analyzing the trading conditions designed by Fxonic, our review ends on a positive note. The broker has attractive features and facilitates live trading even if you want to start with a small account. Moreover, if you need support with regard to market analysis, there are many features available, based on your account type. Fxonic takes its job seriously and focuses on customer satisfaction.
Product Name: Fxonic
Product Description: Are you looking for a new CFD broker to work with? Do existing brands fail to address all your needs? If that’s the case, then maybe it’s time to consider a company that has been launched recently, providing a tailored ecosystem aligned with what modern traders expect to receive.
After analyzing the trading conditions designed by Fxonic, our review ends on a positive note. The broker has attractive features and facilitates live trading even if you want to start with a small account.