Bestonfx Trading Limited (lesenfx.com) is a CFD broker with its official domain registered on April 4, 2024. It primarily offers financial derivative trading services such as forex, precious metals, crude oil, and indices to retail and institutional clients. This broker does not provide services to jurisdictions where it may violate local laws or regulations.
Corporate Registration Information and Regulatory Status:
According to the information disclosed on its official website, Bestonfx Trading Limited (lesenfx.com) is an international investment service provider committed to offering risk control and transfer solutions, integrated global trading services including international spot and futures CFDs to global institutional and retail clients. The company operates under a strict regulatory environment and has established service institutions in Australia, New Zealand, the USA, China, and other places. Its businesses span globally with long-term cooperation with over 11 financial investment institutions. The company registered with the National Futures Association (NFA) in the USA is FXR6, NFA ID: 0557895, but it does not disclose detailed registration information about the company entity on its website.
After verification, the NFA website shows that FXR6 is registered with the NFA as a non-member unit, has not obtained NFA authorization or regulation, and it is impossible to find the registered entity information of this broker, raising doubts about its actual existence.
Therefore, Bestonfx Trading Limited (lesenfx.com) is essentially a fraudulent brokerage website with neither a company entity nor any regulatory oversight.
Account Opening Process:
To open an account with Bestonfx Trading Limited: Visit the broker's website, click "OPEN REAL ACCOUNT" on the homepage or at the top right corner of the page to access the account registration page. Fill in the required details such as name, email address, and set a login password. Submit the application form. After submission, the account will be successfully registered. You will need to go through identity verification before making deposits and trading.
Trading Account Information:
The website of Bestonfx Trading Limited does not disclose information about the types of accounts offered, spreads, trading leverage, margin requirements for add-ons/stops, contract sizes, trading commissions, minimum/maximum trade sizes, maximum position/order sizes, or the minimum price increments.
Trading Platform:
Bestonfx Trading Limited provides users with the MT5 trading platform, available on both desktop and mobile devices. The platform features 31 chart analysis tools and 30 technical indicators, allowing users to set their own indicator parameters and timeframe modes. However, the name Bestonfx Trading Limited does not appear on the MT5 platform.
Deposits and Withdrawals:
Bestonfx Trading Limited does not clearly state on its website the supported methods for deposits and withdrawals, associated fees, or the minimum deposit and withdrawal amounts.
Summary:
Traderknows reminds investors that Bestonfx Trading Limited is a suspected fraudulent broker with unclear registration and regulatory information and false advertising. The only way to contact them is through email, making their contact method very limited. Traderknows advises investors to choose brokers with transparent information, strong regulation, and good reputation to avoid unnecessary financial losses.
Currently, this broker is marked as "Suspected Fraud" on Traderknows.
