About FXonspot
Overview
FXonspot is a brokerage entity registered in the United Kingdom, established on 10 January 2020. The firm operates the website fxonspot.com, though independent public information about its services is scarce.
Our review found no verifiable regulatory licences from any financial authority. The absence of regulation places the broker in a high-risk category for traders, as there is no external oversight or investor protection scheme in place.
Regulation and Safety
FXonspot does not hold any known regulatory licences. This is a critical red flag for traders who prioritise client fund security and dispute resolution.
Without regulatory oversight, traders have no recourse to a financial ombudsman or compensation scheme if issues arise. The broker’s scam risk score of 48/100 (Guarded) reflects this heightened risk level.
Products and Services
Based on available information, FXonspot likely offers retail forex and CFD trading, though specific instruments, platforms, and account types are not publicly documented. The broker’s website may provide details, but we could not verify any claims due to lack of web results.
Traders should exercise extreme caution and verify any product details directly with the broker, while being aware that unregulated brokers may not follow standard industry practices.
Conclusion
FXonspot presents a guarded risk profile due to its unregulated status and limited public information. Traders are advised to thoroughly investigate the broker and consider only regulated alternatives for their trading activities.
This review is based solely on verified regulatory records and available data; no independent user reviews exist to provide additional insight.
Overview compiled by FXCanary from regulatory records and public data. full FXonspot review