Ton Fx Review – Investigating The Brokerage’s Reputation

One of the first disturbing facts about this brokerage is low transparency. The company has been freshly registered, and Ton Fx reviews look quite good so far. But does that make them legit?

There are a few ways to answer those questions. If you are unsure about the answers, make sure to read this Ton Fx review carefully and avoid any mistakes in the future.

Legal info: Is Ton Fx Legit or Scam?

The company’s official address is mentioned to be in London, UK. With this in mind, everyone would expect a Ton Fx broker to be found on the FCA-regulated entities list. Sadly, that’s not the case. That’s already a sign not to trust anything this brokerage claims.

However, we have to check other regulatory databases, such as ASIC, BaFin, CFTC, CySEC, and a few more, to avoid any inadequate conclusions. Honestly, if the company has any licenses, they would present them transparently. Nevertheless, their name is not listed anywhere as regulated. So, you can consider them a complete scam.

Who are Ton Fx’s Victims?

One of the things that can attract traders to this firm is the Ton Fx MT5 platform availability. However, with its activities that started in 2023, it’s hard to build credibility in a few months. But one thing is sure: the company offers services in several countries without authorization. 

Some of those are: 

• United Kingdom
• United States
• Australia
• France
• Germany

Unfortunately, it’s quite easy to get scammed if you don’t know what to look for in a broker. We’ve fallen into these traps as well. But once you learn how to recognize those tricks, everything is easier. Anyway, if you also become their victim, feel free to contact our refund specialists. 

Also, we suggest you read our STForex review for more trading clarity.

Traders Reviews

In general, there are not many reviews available on Trustpilot. Nor anywhere else, to be fair. Still, those that are written don’t look quite promising. Especially when you know the company is not regulated.

The key problems that can occur with this company are related to fees and withdrawals. These play a key aspect when it comes to choosing the right broker. If you feel like the company is manipulating any of those, don’t hesitate to reach our chargeback experts for advice.

Leverage, Commissions, Spreads, Fees and Taxes

Overall, the company’s costs look quite transparent. Yet, whether you will get what’s advertised remains a question. In any case, the lowest spread you can get starts from 0.3 pips, and all accounts are commission-free.

But the disturbing fact is the leverage of 1:500. If you check any top-tier UK-regulated broker, you will see they offer a maximum of up to 1:30. Not without a reason for sure.

Bonuses

With non-licensed investment firms, it’s quite easy to get tricked. They can serve you with anything they want; if you don’t know the rules, you can throw the money straight into their pockets. Another way to do so is through the shady bonus policy.

Therefore, watch out for it after completing the Ton Fx deposit procedure. It might contain a clause preventing you from withdrawing your money. Unfortunately, there’s no transparent information about the bonuses availability.

Ton Fx Trading Features

Since the company’s trading software is quite legitimate, there’s no reason to doubt available features, such as EAs, scalping options, one-click trading, etc. Another good thing about the company is that there is an Islamic account available.

Trading Platforms Available

Believe it or not, this brokerage offers one of the best software in the industry – MT5. Whether you are a pro or a beginner, it’s quite user-friendly and provides a wide range of features. Most importantly, such platforms can’t be manipulated to prevent you from Ton Fx withdrawal.

However, this is a clear sign that scam brokers can also use trusted platforms. And to avoid that, we suggest you also read our MultiLP review.

Available Trading Assets

All tradeable assets without regulation backup are meaningless. Yet, regardless of it, it’s good to have a wide range of options available, which is the case with this firm. 

Some of the options are: 

• Forex – EUR/SGD, USD/HKD
• Commodities – platinum, silver
• Shares – IBM, Boeing                        
• Indices – ASX200, CAC40
• Cryptocurrencies – BCH, ETH

Account Types

Pretty much all the account types with this broker include the same features. The only difference comes from spreads and leverage. But that’s more than enough to realize that missing Ton Fx regulation is quite a big deal. 

Anyway, the options are: 

• Basic – $100
• Standard – $500
• Premium – $1.000

Mobile Trading App

One of the benefits when a broker is using MT5 is that you can utilize it across all platforms. That’s especially beneficial for iOS and Android users since most platforms are not optimized properly.

 Luckily, with Ton Fx broker, all functionalities are available wherever you are.

Demo Account

Before you decide to throw $100 away, you should always explore the platform via a demo account. Generally, all companies using MT5 have such a feature available. Yet, seems that this broker doesn’t.

Education

As can be seen from the company’s presentation, there’s a wide range of educational resources. Such as webinars, articles, video tutorials, market analysis, and personalized consultations. Yet, without credibility, you can’t trust them a single thing.

Ton Fx Withdrawal

Important to realize is that the company will provide you with a bunch of details about deposits. However, withdrawal details remain unknown. Neither do they reveal any information through the T&Cs. 

With this in mind, you know there will be some obstacles. Whether with verification, fees, or taxes, you can expect a wide range of problems. But it’s important to keep up with it and avoid falling for those tricks.

Customer Support

Another reason not to trust this brokerage is its below-average customer support. In fact, there’s no real support option available. The company only provides e-mail for inquiries. But to expect you will get a quick response would be nonsense.

Key Information To Consider About Ton Fx

Firstly, the company presents itself as UK-based, yet it operates without FCA authorization. On top of that, they are hiding withdrawal policies, methods, and fees. Ultimately, a combination of those can cost you heavily. But you shouldn’t let them slip away.

In case you have money stuck with this brokerage, feel free to contact us for consultation. Whether you need chargeback advice or a CipherTrace tool for crypto tracking, we’ve got you covered. Most importantly, the first meeting is free. So it doesn’t cost you anything to explore your options. Send us a message right away!

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