BestonFX Review: Is BestonFX Broker Good?
Broker overview and general information
BestonFX is a Hong Kong broker founded by a Thai entrepreneur, with a focus on providing CFD trading services. The company was founded from the founder's personal experience of having problems trading with foreign brokers that were unreliable and irresponsible to their customers. The founders therefore wanted to create a broker that could provide safe and reliable services specifically for Thai investors.
Broker Licensing and Regulation
If you ask whether BestonFX broker is good or not, you should start by considering the registration, license and supervision from the authorities first, which are as follows:
⚠️WARNING: This broker has only a Money Services Business (MSB) registration with FinCEN, the US financial intelligence agency focused on preventing money laundering and terrorist financing. FinCEN does not license or regulate the Forex market, and an MSB registration is not a government agency endorsement or guarantee of its validity. When it comes to online trading, an MSB registration does not carry the weight of a financial regulatory agency license.
Trading products and services
Trading products
Forex CFDs: Foreign exchange trading in the form of Contracts for Difference (CFDs) that allow you to speculate on price movements in the Forex market without actually holding a currency, such as EUR/USD, GBP/JPY.
Commodity CFDs: Trading natural resource commodities such as gold, silver, oil, and others via CFDs allows you to profit from the price movements of those commodities.
Stock CFDs: Trade shares of leading companies from around the world via CFDs without actually owning the shares, allowing you to speculate on the price movements of stocks on the stock market, such as shares of Apple, Microsoft and others.
Index CFDs: Trading leading stock market indices such as the S&P 500, FTSE 100, and Nikkei 225 via CFDs allows investors to speculate on index movements.
Crypto CFDs: Trading cryptocurrencies such as Bitcoin, Ethereum and other cryptocurrencies via CFDs allows you to profit from crypto market volatility without holding actual crypto.
Trading Platform
MetaTrader 5 (MT5): A trading platform with advanced features, covering technical analysis and a variety of trading tools. Supports trading in multiple assets in markets such as Forex, stocks, indices and commodities.
MetaTrader 4 (MT4): A popular platform in the Forex and CFD trading industry with full functionality including customizable charts, technical analysis tools and the use of Expert Advisors (EA) for automated trading.
MetaTrader 5 on mobile: Access to financial markets via smartphones With the same comprehensive functionality as MT5 on desktop, traders can manage their trades anytime, anywhere.
MetaTrader 4 on mobile: The MT4 platform in mobile app format allows you to trade, view charts and follow the markets conveniently via your mobile device.
MetaTrader WebTerminal: Trading via web browser without downloading or installing additional programs. Supports trading on any device that can access the internet, such as computers, tablets or mobile phones.
BestonFX Review: Account Types
There is only one type of live trading account, the Standard account, and the other is the Demo account.
Standard Account
BestonFX Bonuses and Promotions
First-Time Special
New members open an account with bestonFX in Standard format.
First time deposit $500 or more, get 40% free credit, up to $3,000.
This privilege is only available to new clients who have never had a bestonFX account before.
Credits cannot be withdrawn or transferred from the account.
4 Step Deposit
Every $500 or more top-up in a single receipt will receive additional credits as follows:
Step 1: First deposit of $500 or more, receive 10% additional credit.
Step 2: Make a second deposit of $500 or more and receive an additional 20% credit.
Step 3 Third deposit of $500 or more, receive 30% additional credit.
Step 4: Fourth deposit or more $500, receive 40% additional credit for every deposit, up to $3,000/time.
For new customers who receive the New customer promotion, the next top-up will start at Step 2 immediately.
Credits cannot be withdrawn or transferred from the account.
Lot Rebate
Top up $1,000 within March 2024 to receive a rebate based on the specified Tier Level as follows:
0-5 Lot = Lv.0 No refund
6-10 Lot = Lv.1 get $3
11-20 Lot = Lv.2 Get $15
21-30 Lot = Lv.3 get $30
31 Lot and above = Lv.4 receive $30+$3/Lot from Lot 31
Peak Profit Template
New customers, deposit $1,000 or more in 1 receipt, get a free Peak Profit template.
Current clients with only $1,000 account balance can get a free Peak Profit Template.
Templates are valid for 14 days after the first top-up.
Peak Profit is a tool that helps solve the problems that are factors in making profits. Including helping to manage risks for traders of bestonFX, which is a popular tool for trading Derivative instruments such as Gold (XAUUSD), Oil (USOIL), Bitcoin (BTCUSD)
100% + 100% (Get credit up to $11,000)
Top up $1000 and get 100% credit up to $1000
Top up $1,000 or more and receive up to $10,000 in credit.
Support and Customer Service
Summary: Is BestonFX Broker Review Good?
Although the broker has information that it is located in Thailand, the website is in Thai, the support staff is Thai, there is a lot of information showing the company's vision, and the financial certificate is displayed on the website, but there are still many weaknesses that cannot make traders trust it 100%, such as showing financial certificates that are not a regulatory agency in the Forex market, very little information about trading products, very little trading platforms, account types with no information and deposit-withdrawal systems that do not seem very secure. Therefore, you should consider the information of this broker again before investing.
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BestonFX Review Compare spreads, fees, trading platforms, deposit and withdrawal conditions, and more with real user reviews to help you decide which broker suits your needs.
