Fxonic
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Overall Rating
Summary
Fxonic is a CFD trading brand that manages to survive and thrive in the industry for a decent amount of time now. Based on their trading terms, this might just be a good fit for you. If you want to practice, a demo account can be a good pick until you feel you have enough confidence.
What is Fxonic?
Fxonic is a retail broker that addresses all types of traders – seasoned traders and those just starting out with online trading. Some of the main benefits highlighted by the company include competitive spreads, fast trade execution, a wide range of tradable assets and modern trading software.
As we are about to see, Fxonic has made a lot of progress in terms of the educational content it provides. There are 6 accounts available with this broker, and that shows that diversity is a key factor here. Let’s see what else this brand is capable of.
Trading Instruments
One of the first things to know about this broker is that Fxonic offers crypto trading. Tens of coins are part of the asset list, including Bitcoin, Bitcoin Cash, Binance Coin, Ethereum, XRP, Litecoin and others. On top of this feature, traders are welcome to trade all the major markets as well: FX, stocks, indices and commodities.
In case you are new to trading, you should know that Fxonic offers ample educational content. Fxonic School has a comprehensive bundle of e-books, guides, training videos and financial news for traders with various levels of experience. Additionally, with the VIP trading room you get insights from market experts and other premium content.
Account Opening
In terms of registration, it’s the usual signup process that you are probably already accustomed to. Provide personal information, submit the required documents to complete KYC and then proceed with a deposit to start trading.
How much you need to deposit depends on your account type. With Starter, the minimum amount is set at $250. That figure increases gradually with the other 5 accounts that are part of the offer. The right account type for you depends on your goals and budget, so choose wisely.
Deposits/withdrawals can be done fast when you use a credit or debit card. Swift or SEPA payments are accepted as well, which means both USD and EUR payments fit.
Trading Software
WebTrader is a simple-to-use platform, acting as a gateway to financial markets. It’s designed by Fxonic to meet demands raised by every kind of trader. A generous pack of tools has been integrated, and you can customize charts based on your strategy, manage risk, choose from multiple order types, and more.
MobTrader is designed for smartphones and tablets. Android or iOS, the operating system doesn’t matter. You can trade on the go as long as you have a stable internet connection. While a smaller screen means limited ability to see subtle details on the charts, it’s a good backup plan when you can’t trade using a PC or laptop.
Conclusion
Fxonic is a CFD trading brand that manages to survive and thrive in the industry for a decent amount of time now. Based on their trading terms, this might just be a good fit for you. If you want to practice, a demo account can be a good pick until you feel you have enough confidence. All in all, we can definitely recommend this brand’s services.
