Verdict

/ 5

OnFin broker review

By Dmitry Shalikovsky

Updated on Nov 28, 2024

4 mins read

0 customer reviews

Overview

Broker Review: OnFin – Your Guide to the World of Trading In the modern financial markets, choosing a broker is a critical step toward a successful trading journey....

See full overview for OnFin broker

Broker Review: OnFin – Your Guide to the World of Trading

In the modern financial markets, choosing a broker is a critical step toward a successful trading journey. OnFin has been providing traders with favorable conditions for working with a wide range of financial instruments since 2015. Catering to both beginners and professionals, it offers unique features such as low spreads starting from 0 pips, access to ECN accounts, direct liquidity provider connections, and API integration for automated trading. In this review, we’ll explore all aspects of OnFin’s services, as well as its pros and cons, helping you make an informed decision.

Key Facts About OnFin

OnFin Ltd has established itself as a reliable and accessible broker for traders of all skill levels. The company aims to eliminate barriers between the market and the trader by offering flexible trading conditions and advanced technology.

Highlights:

Established: 2015
Support for Beginners: Minimum deposit of $1 and demo accounts available.
Transparency: No hidden fees for deposits or withdrawals.
Technology: Supports popular platforms MT4, MT5, and a mobile app for convenience.
Regulation: Licensed by the Mwali International Services Authority (BFX2024038), ensuring compliance with international standards.
User Rating: OnFin holds a 4.7-star rating on Trustpilot, reflecting customer trust and satisfaction.

OnFin is committed to creating an environment where every trader can achieve financial independence using reliable tools and strategies.

OnFin: A Global Broker with International Reach

OnFin operates successfully in global financial markets, serving clients from diverse regions, including Russia, China, India, Germany, the UK, Australia, Italy, France, Spain, Mexico, Brazil, South Africa, Saudi Arabia, the UAE, Kazakhstan, Japan, South Korea, Vietnam, Turkey, and Argentina. This extensive reach underscores the platform’s versatility, enabling traders worldwide to benefit from its features.

However, in compliance with international regulations, OnFin does not provide services to residents of certain countries. Restricted regions include countries under FATF sanctions, such as North Korea, Iran, Syria, and Myanmar. Additionally, OnFin does not operate in the United States and Canada due to specific regulatory requirements. These restrictions help the company maintain compliance with global standards and mitigate legal and financial risks.

Trading Platforms Offered by OnFin

OnFin provides access to one of the world’s most popular trading platforms, MetaTrader 4 (MT4), and supports mobile trading solutions to ensure flexibility for its clients.

MetaTrader 4 (MT4):

A robust solution combining convenience, functionality, and flexibility. MT4 supports:

Comprehensive technical analysis tools.
The use of trading robots and indicators.
An intuitive interface for manual trading.

MetaTrader 5 (MT5):

While MT5 support is reportedly available, TopBrokers could not verify access at the time of this review. If confirmed, MT5 would expand OnFin’s capabilities, offering advanced analysis tools and enhanced trading features.

Mobile Platforms:

MT4 is also available as a mobile app, enabling traders to manage trades and respond to market changes in real time. The app is supported on Android and iOS.

Deposits and Withdrawals

OnFin emphasizes convenience and accessibility for financial transactions, offering multiple deposit and withdrawal options.

Payment Method	Processing Time	Min Deposit	Max Deposit
Bank Transfer	Up to 3 days	$500	$100,000
Visa/MasterCard/MIR	Up to 1 day	$10	No limit
AdvCash	Up to 1 day	$5	$50,000
Cryptocurrencies	Up to 1 day	$10	No limit

Regulation and Security

OnFin Ltd is regulated under the following license:

MISA License: Registered in the Comoros (Mwali International Services Authority, BFX2024038).

Security measures include:

SSL Encryption: Ensures data safety during transactions.
Account Verification: Simple verification process requiring valid ID and proof of address.
Deposit Insurance Promotions: Periodic deposit insurance offers for added investment protection.

Conclusion

OnFin is a reliable broker offering seamless registration, a wide range of instruments, and user-friendly trading conditions. Its blend of security, technology, and accessibility makes it a great choice for both new and experienced traders.

Start your trading journey or enhance your skills with OnFin today and experience the advantages of this modern trading platform!

Countries

+147

Devices

Minimum deposit

Withdrawal fee

Deposit fee

Max insured

Our Verdict

/ 5

See our process of evaluating brokers

Commissions & Fees

/ 5

Deposit & Withdrawal

4.8

/ 5

Customer Support

4.5

/ 5

Account Opening

4.6

/ 5

Regulation & Safety

/ 5

Pros

Cons

General details

Type of accounts

ECN accounts

Standard Accounts

Unlimited Demo Accounts

Demo accounts (with a time limit)

Micro accounts

VIP accounts

Trading platforms

METATRADER 4

METATRADER 5

Execution Model

ECN

Deposit currency

USD

EUR

RUB

CNY

Regulatory complience

MISA

Deposit payment systems

Withdrawal payment systems

Support Languges

English

Indonesian

Turkish

Russian

Thai

Malay

Hindi

Portuguese

Nepali

Lao

Vietnamese

Burmese

Autotrading

MT4 EA MT5 EA

Contact details

[email protected]

+1 234 567 8900

Customer reviews

No reviews yet.

Accounts

OnFin provides various account types tailored to traders’ needs:

Account Type	Min Deposit	Account Currency	Leverage	Spread	Commission	Instruments	Features
Demo	None	USD	Virtual	Virtual	None	266	Risk-free environment for testing strategies.
ECN	$100	USD	Up to 1:1000	From 0 pips	$4 per lot	266	Direct access to interbank liquidity.
FIX	$50	USD	Up to 1:1000	Fixed from 3 pips	None	276	Stable spreads for predictable trading.
MINI	$1	USD	Up to 1:1000	From 2.4 pips	None	31	Ideal for beginners with low margin requirements.
COPY	$100	USD	Up to 1:1000	From 2.4 pips	$4 per lot	266	Enables copying trades of successful traders