Fxonic is an innovative trading platform provider that claims to ensure simple trading conditions for the wider public. Whether that is the case or not, we will find out, but what we can say is that it provides a much-needed human touch, reaching out to anyone interested in financial markets.
Working with this brand might be appropriate for you, and our goal for today is to expose some of the key features and benefits provided by Fxonic. Ultimately, we want to find out whether this is a trusted brand or not.
FX and CFD trading conditions
With Fxonic, you can trade FX online thanks to its coverage for tens of currency pairs. Clients can build a diversified portfolio based on forex instruments alone if they desire, since they have so many options at their disposal.
However, this isn’t just an FX broker, and you can further diversify with stocks, indices and commodities. Spreads are floating, influenced by what assets you want to trade and your account type. Speaking of FX trading costs, that’s where the tightest spreads are, since these instruments are highly liquid. Overall, the list of CFDs looks good, facilitating proper conditions for traders with different risk profiles.
Moving on to account types, you can see 4 different options currently offered by Fxonic:
In terms of affordability, Basic does stand out with its $250 deposit requirements. With a Basic account, traders benefit from regular spreads and some access to educational content. When looking at larger accounts, you can see that the broker offers spread markdowns, swap reductions up to 25%, daily market analysis and withdrawals without fees.
When you want to fund a live trading account, you need to choose a payment method first. Fxonic supports credit/debit card payments, bank transfers and wallet transfers.We’re pretty sure that one of these payment methods can suit your needs, based on your country of residence.
Out of the need to ensure convenience and flexibility, Fxonic relies on a WebTrader platform. This is a browser solution for trading the markets, and it incorporates analysis tools, advanced charting and full account management.
Traders can use it on any device, to place trades, manage risk and analyze price developments, all from a single platform. Because trading comes with some degree of uncertainty these days, you need to be able to access your account at all times – day and night – regardless of your location and device.
Luckily this WebTrader works well even when you use it on a smartphone or tablet. While these devices carry smaller screens, the platform still manages to run smoothly.
Fxonic seems to have assembled an interesting CFD trading offer, addressing people with different levels of expertise. It relies on diverse asset coverage, a user-friendly platform and multiple account types to ensure that client needs are always met. Working with this broker is also advantageous when it comes to the deposit you need to open a live account. The minimum amount is set very low, and that means accessibility is promoted.