Fxonic Review: Your Security and Safety or a SCAM?

Fxonic - logo

Fxonic promises to be your gateway to the world of trading. The broker claims that your security and safety is its main task. Before you trust such promises, you need to make sure that this is not another scam. Will this company become a reliable trading partner? What will clients tell us about it in their reviews?

Fxonic General Information

Website https://fxonic.com/
Phone Number +442080898249
Email support@fxonic.com
Address First St Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent, and the Grenadines.
Minimum Deposit $250
Assets CFDs
Trading Platform WebTrader

Registration and Client Portal Review

The official Fxonic website disappoints with its template design. It does not pull on the business card of a reputable broker. A strange logo and a standard menu will meet the client. Only the English language of the interface is provided. There is very little information about the company specifically. All content is limited only to general phrases and a list of imaginary advantages of working with this broker.

Fxonic - website

Registration is extremely simple. You will need to enter: your last and first name, email, phone, country, password, and account type.

It’s worth talking about the security of Fxonic. Registering on the site is easy. Email and phone number confirmation are not required. Two-factor verification is not provided. However, traders can definitely count on the support to call them or write the mail with an offer to communicate.


The Client Portal space is standard. The following options are available:

  • Depositing and withdrawals
  • Editing and setting up an account
  • Uploading documents for verification
  • Viewing the history of orders, etc.

Fxonic - Client Portal

Fxonic Trading Conditions

The Fxsonic trading conditions are very far from any innovation. The broker offers standard CFD trading. There is nothing remarkable about its services.

Account Types Review

Customers can choose one from four accounts. They differ in deposits and some characteristics.

  1. Basic $250. Nothing is interesting about this type of account. There is only the ability to withdraw money without commission once. Traders will not even have access to all trading assets. They will be allowed to trade only certain instruments.
  2. Gold $25,000. It is noteworthy that there is such a big difference in the minimum deposit between the previous account and this one. However, even by choosing Gold, customers will still not get access to all assets. They will already have access to a monthly market review and 1 free withdrawal each month.
  3. Diamond $50,000. This type of account already implies access to all assets. Additionally, spreads and swaps are much lower here. And there is also an opportunity to withdraw money without commission 4 times a month.
  4. VIP $150,000. There are no withdrawal fees at all. Customers can count on daily market analysis. There are also the most profitable spreads and swaps.

Frankly speaking, the description of trading conditions only proves that Fxonic is a mediocre broker. How can future clients be treated with such negligence? It is not specified anywhere what spread size, swaps, and leverage are. Not even a complete list of trading assets is presented. Brokers who really care about their traders pay more attention to the description of trading conditions.

Trading Platform

The trading terminal does not hint at a technological advantage, as Fxonic puts it. In fact, this is a regular WebTrader, which is not too expensive and does not represent anything special at all. The interface is simple. There are no additional functions. It is possible to trade in it, but usually serious projects prefer more serious terminals.


Fxonic — Deposit and Withdrawal of Funds

Fxonic allows you to transfer money using credit cards, wire transfers, and e-wallets. At the same time, the most suitable payment method depends on your region of residence. Support will help you pick it up. However, you will have to talk to them beforehand. The billing department 3-4 business days process withdrawal requests.


The verification procedure is also typical for any broker. Fxonic requests that customers confirm their identity and place of residence. To do this, you will need to upload color copies or photos of documents to your personal account (passport, utility bills, etc.). You may also need a photo of a bank card.

Additional Options

The broker has a few additional services. Only market analysis is indicated in the description of trading conditions. Unfortunately, there is no evidence that these are the correct predictions. Fxonic does not disclose the names of its employees, as well as their qualifications. There are also no examples of analysis from this broker in open sources. So you’re actually buying a pig in a poke.

Is Fxonic a Scam?

Because of the minimum amount of information, it is difficult to judge how good Fxonic is in trading operations. However, even with such a set of data, it is safe to say that the company is most likely unscrupulous.

Fxonic is writing about registration in the offshore zone of Saint Vincent and the Grenadines. The registry of this country is open and this data is easy to check. We found the corresponding entry under the number 2586.

Entity check

However, the name of this company does not hint at any connection with Fxonic. Besides, registration is not enough to provide financial services. Unfortunately, international companies are not licensed in the jurisdiction of Saint Vincent and the Grenadines. They are only given certificates of incorporation. Further, no supervision is conducted for their activities. Therefore, customers risk their money very much.

Fxonic.com Domain Info

All the advantages that Fxonic attributes to itself are actually broken down by a simple fact. This project has been running for no more than six months. We checked the domain and found out that it was leased on September 1, 2022. You should trust only projects that have been working in the industry for less than 3-5 years. Most of the young brokers close in the first year after stealing client money.

Domain info

Contacts Review

As for contacts, Fxonic leaves email and phone. It has no headquarters in the Grenadines. Intermediaries register companies online at First St Vincent Bank Ltd Building. The address of the real office is not specified. There was also a rather strange situation with the phone number. On the Internet, we found user complaints about spam from this number. Although traders, on the contrary, complain that it is quite difficult to get through to support.

Pros and Cons

  • Small minimum deposit.
  • The opportunity to earn extra money in the affiliate program.
  • A short period of existence.
  • Offshore registration.
  • There are no licenses for brokerage services.
  • Negative reviews.
  • No detailed data about trading conditions.



Fxonic Summary

Fxonic - favi

Fxonic is by no means a successful broker, but a dummy that lures gullible clients for one goal. It wants to take in as much money as possible. Traders' reviews say: once deposited here, it will not be possible to get your funds back. The company works without a regulator, so it easily allows manipulations with your account.

Website information content 4
Client Portal 4
Trading conditions 2
Trading platform 3
Deposit and withdrawal 4
Verification 5
Extra options 2
Licenses and guarantees 1
Work duration 1
Feedback 3

Frequently Asked Questions (FAQ)

What Does Fxonic Offer?

Fxonic offers everyone to try trading on financial markets. However, you will only be able to trade CFDs on this platform.

How Much Money Should I Invest With Fxonic?

According to the description of trading accounts, the minimum deposit is at least $250.

Is Fxonic Safe?

Fxonic is not really a secure broker. It is an offshore registered company. It does not have licenses to conduct brokerage activities. For these reasons, it is not recommended to cooperate with it.

Subhash Mishra
Forex & CFD Trader

Subhash is a Bengali who has been trading for 16 years. You will find the most objective reviews of Forex and CFD brokers in his articles.

Subhash is a Bengali who has been trading for 16 years. You will find the most objective reviews of Forex and CFD brokers in his articles.

Financial Companies Reviews and Ratings
Leave a comment

Client Reviews

  1. Gensler

    Don't even think about believing them.

    Fxonic is fraudulent. I deposited five thousand here. They persuaded me very quickly. And in the end, I lost my money. If I had searched for negative reviews that they were trying to hide, then this would not have happened. I’ve already reported them to the police. But I have too little hope for a favorable outcome.

  2. Eli


    Return my money!

  3. Frank

    Scam artists

    They are deceivers. The terminal works with slippages. And all the losses are attributed to problems with the Internet on my part! Not on their! And I also began to receive emails with demands to pay some additional commissions. I didn’t understand commission sizes. They didn’t say a single word about it. These fraudsters just shocked me!!!

  4. Ashley

    I completely agree with the rest of the reviews

    Stay away from these scammers. They call you themselves and offer to participate in a profitable project. They will honestly help you go through all the stages from verification to deposit. But even the agreement does not mention the exact amount of commissions. They come up with these figures themselves. In my case, $100 was withdrawn from the $250 deposit. Then they started demanding money for some kind of insurance. I only wasted my funds in vain. Very upset.

  5. Meggie

    I feel like they're hiding something.

    I agree. There are very few specifics on the site. Maybe someone has already worked with Fxonic and can tell me more specifically how the support works. What is leverage? Do they really have a normal analysis? How does the terminal work? Reviews on the Internet are very different.

  6. JONAS

    Scam company

    hello everyone, be careful, this Fxonic company is scammers, they open the demo version and say it’s real so they cheat you out of money!!!!!