3 mins read | The UI isn’t fancy, but everything works well .Charts load fast and trades execute perfectly.
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....
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
+148
+148Devices
Our Verdict 3.7 / 5
See our process of evaluating brokers
Commissions & Fees3.5 / 5
Deposit & Withdrawal4 / 5
Customer Support4 / 5
Account Opening3.7 / 5
Regulation & Safety3.5 / 5
Pros
- High Leverage Options
- Diverse Account Types
- Multiple Trading Platforms
- Copy Trading Service
Cons
- Recent Domain Creation
- Limited Social Media Presence
- Moderate Risk Rating
General details
Type of accountsECN accountsStandard AccountsUnlimited Demo AccountsDemo accounts (with a time limit)Micro accountsVIP accounts
Trading platformsMetaTrader 4MetaTrader 5
Execution modelECN
Deposit currency
USD
EURRUBCNY
USDEURRUBCNYRegulatory complianceMISA
MISADeposit payment systems
Withdrawal payment systems
Support languagesEnglishIndonesianTurkishRussianThaiMalayHindiPortugueseNepaliLaoVietnamese
Burmese
EnglishIndonesianTurkishRussianThaiMalayHindiPortugueseNepaliLaoVietnameseBurmeseAuto tradingMT4 EAMT5 EA
Contact details[email protected]+1 234 567 8900
Customer reviews
Overall score 4.6 / 5 · 9 customer reviews
This platform wasn’t made to sell a dream; it’s simple, powerful, and focused on what traders really need.
No back-and-forth or crazy forms I uploaded my documents and got started the same day, which I really appreciate.
What they say on the site is true no hidden fees, clear commissions, and they don’t mess with your orders. Solid service.
I didn’t think I’d learn trading, but this platform made it possible with small trade sizes and helpful tutorials.
I didn’t expect a swap-free account but I’m glad it’s available because it makes swing trading over weekends easier.
I have been backtesting strategies and trying them live in micro, and the platform feels safe and realistic. I don’t feel limited like I did with other brokers.
I reported a small bug through chat and it was fixed in a couple of days, which is rare to see.
A friend recommended it and I was unsure, but after two months everything works well and I even made some profit.
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 |
Copy - Onfin
Swap-free account Phone trading Scalping Hedging Trading 24 hours a day Trailing stop Interest on free balance Mailing the documents
Trading platformsMetaTrader 4MetaTrader 5
Deposit currencyUSD
Trading instruments
- Forex1:1000
- CFDs Indices1:1000
- Metals Gold, Silver1:1000
- Energy Source Oil, Gas1:1000
- Cryptocurrencies1:100
- Shares1:10
- Min deposit$100
- Max leverage1:1000
- Commission0
- Execution typemarket
- Speed of executionVaries
- Spread typefloating
- Minimum position size0.01 units
- Maximum position size100 units
- Max. number of ordersNo limits
- Decimal places5
- Margin Call50%
- Stop Out20%
- Locked margin level50%
Standard - Onfin
Swap-free account Phone trading Scalping Hedging Trading 24 hours a day Trailing stop Interest on free balance Mailing the documents
Trading platformsMetaTrader 4MetaTrader 5
Deposit currencyUSD
Trading instruments
- Forex1:1000
- CFDs Indices1:1000
- Metals Gold, Silver1:1000
- Energy Source Oil, Gas1:1000
- Cryptocurrencies1:100
- Shares1:10
- Min deposit$100
- Max leverage1:3000
- Commission0
- Execution typemarket
- Speed of executionVaries
- Spread typefloating
- Minimum position size0.01 units
- Maximum position size100 units
- Max. number of ordersNo limits
- Decimal places5
- Margin Call50%
- Stop Out20%
- Locked margin level50%
ECN - Onfin
Swap-free account Phone trading Scalping Hedging Trading 24 hours a day Trailing stop Interest on free balance Mailing the documents
Trading platformsMetaTrader 4MetaTrader 5
Deposit currencyUSD
Trading instruments
- Forex1:1000
- CFDs Indices1:1000
- Metals Gold, Silver1:1000
- Energy Source Oil, Gas1:1000
- Cryptocurrencies1:100
- Shares1:10
- Min deposit$50
- Max leverage1:1000
- Commission$4
- Execution typemarket
- Speed of executionVaries
- Spread typefloating
- Minimum position size0.01 units
- Maximum position size100 units
- Max. number of ordersNo limits
- Decimal places5
- Margin Call100%
- Stop Out40%
- Locked margin level50%
Tradable instruments
OnFin broker offers an extensive range of tradable instruments. The following are the variety of CFDs you can trade in with OnFin:
- Forex
- Metals
- Indices
- Commodities
- Cryptocurrencies
- Shares (from US, UK, DE, ASIA, and RU)
✓Currencies52
✓Commodities19
✓Cryptocurrencies21
✓Indices8
✓Stocks167
OnFin broker bonuses and promotions
Frequently asked questions
Find the right answer to your question below.
How are my funds and personal data secured?
We use the technology of secure connections (SSL), which guarantees the confidentiality of user-provided data. SSL-technology provides effective protection of information received from possible interception by third parties. Our Company constantly improves the security technologies used to prevent unauthorized entry into the system, as well as to prevent unauthorized access to data.
What is the fee for depositing and withdrawing funds from a trading account?
The company does not charge a fee for depositing and withdrawing funds. The commission can keep your bank or payment system through which the payment will be made.
What is a swap?
On Forex an open position is transferred the next day with the accrual of rollovers (swaps). Their size is determined by the difference in the discount rates of the Central Banks issuing the main currency, as well as the currency of the quotation of the trading instrument. It should be noted that the swap can be positive or negative. The Company sets swap rates in accordance with the rates of liquidity providers.
