Lets Begin our full Fxonus review to find out this broker is a scam or not ! The Fxonus is an online forex broker offering these services the world over. Although the forex industry is not a cakewalk for many brokers, Fxonus broker have stuck to their stand and kept going, ten years and still counting. The only concern about this broker is that it is in the category of unregulated brokers, which poses a grave risk to their clients’ finances but having made it this far sheds some limelight of possible advantage of the broker. So, is Fxonus forex broker a scam or legit forex broker? Find out in this Fxonus review.
The Background Of Fxonus Broker With All Features !
Click here for : Official Website Of Fxonus
This forex broker review reveals that Fxonus is an unregulated broker offering several trading commodities as forex, CDF Indices, metal and other indices. The broker is an offshore company owned by MarketOnUs Ltd in the Marshall Islands. However, although the broker also appears to be registered with another company, its registry does not come out clearly in records as a legitimate broker, which apparently points out to the possibility that Fxonus broker could be a big scam.
The Fxonus Account Unique Trading Features
Our review noted that Fxonus offers several unique trading features as PMAM, which is ideal for clients who are managing trades on behalf of others. This feature makes it easier to administer the vast scope of deals for better results. Other features they offer include the tailor made FX account, meant to meet FX traders’ strategy needs efficiently. This feature is also offered as an offer, which makes it a favorable choice for users who want to get more with Fxonus forex brokers.
However, like most other features offered by Fxonus website , there is no much information about these functions for our review that can help users understand how they work, which makes a claim to provide the services a bit flimsy altogether.
The Fxonus website uses the MetaTrader 4 platform for its operations. Allegedly, the MT4 tool is powerful enough for processing of various financial instruments, especially in buying and selling of currencies. What makes this device unique in our review among different forex trading brokers is its diverse architecture and security system, which is said to offer a convenient, competitive edge. The versions for this Fxonus platform include a mobile app for tablets and Smartphone, a version for computers and a web version, meant to cover almost all channels that users may want to utilize.
About Their Deposits And Withdrawals
From our Fxonus review observation funding in this forex broker is quite varied, with several alternative channels for users such as Credit Cards, Debit Cards, Skrill, Neteller, Wire Transfer and China Union Pay. These offer users a variety of platforms for making their deposits, which is claimed to be tailored to suit clients’ convenience. However, the withdrawal part does not have sufficient information, which may be a confusing aspect for most users. Additionally, the issue of the safety of funds is also questionable, with the information provided about how the clients’ funds safety guarantees to be too flimsy to be reliable. This is yet another factor flagging Fxonus as a scam broker.
Bonus And Promotions
Our review noted that Fxonus clients can get a premium of up to 100%, a 50% losable bonus and other offers such as charge free deposits. They also offer other lucrative promotions that users can count on to get the best of Fxonus forex broker’s services. However, something sinister still looms large. As much as users can get these promotions and bonuses, most of them come with strong terms and conditions that may be a bit costly for the clients. For example, to get the 100% bonus, users have to double their deposits in a period of one month. This appears to raise concerns about how reliable these bonuses are, or maybe they are just another ploy to lure users into depositing more funds and ending up preyed on by this Fxonus scam.
It is not that Fxonus broker does not come with its upsides in reviews , though. For beginners, getting a better understanding of the broker’s operations cannot be difficult, at least not with their demo account at your disposal, which you can open and learn a bit about what to do. There is also a communication channel where you can get in touch with the brokers. Here, you can get information on issues you would need clarity on by sending a callback request, chatting with them or sending an email. The only concern is in the fact that despite these brokers being in a sensitive financial field of operation, you may have to wait for up to two days to get a reply if you send them an email, which raises doubts about the reliability of Fxonus forex broker.
Is Fxonus Forex broker a Scam?
According to the suspicious issues that we have found out in our Fxonus review, we can conclude that this broker is a scam. Besides being on the unregulated brokers’ side, other factors also shed a negative light on the authenticity of this broker. Looking at the deposits that clients can make, you will notice that you have to deposit at least $500, which is excessively high to be a minimum deposit for an unregulated forex broker.
In addition, in other aspects as the bonus and promotions offered by this broker, you can conclude that there are many controversial issues about the legitimacy of the whole thing. These are just a few of the suspicious concerns that we find out about Fxonus broker, which point out just how this dealer appears to be a scam on the flip side, disguised as its excellent service and competitive nature in the market.
The Fxonus Forex Broker Review : Final Thoughts !
With a considerable number of forex brokers in the market, clients can select the broker that they are confident in and deposit their money with them. However, as much as Fxonus appears to be a reliable agent for many reviews to work with, we would say you should take a second thought before setting out to deposit your money here. Many people are scammed on their money from time to time, and you need to be very careful whom you invest with before making a move. If you have tried Fxonus FX broker from time to time and found them preferable, well, you can keep going. Nevertheless, we have looked into details in our Fxonus review and flagged this broker as a scam that you should stay well clear.