OnEquity Broker Review 2025

OnEquity offers commission-free Forex trading with spreads as low as 0.0 pips through three account types.

PAMM accounts and an affiliate program with commissions of up to $500 are some attractive offerings of the Most Transparent FX Broker 2024 by Forex Expo Dubai.

OnEquity (Company Information and Regulation)

OnEquity was incorporated in 2022 as a Securities Dealer in Seychelles with license No. SD154. The broker operates through multiple companies and has acquired two regulations, including:

• The Seychelles Financial Services Authority (FSA) with Reg No. 810588-1
• The South Africa Financial Sector Conduct Authority (FSCA) with FSP No. 53187

OnEquity Specific Features

The Forex broker prioritizes client protection by implementing segregated bank accounts, negative balance protection, and PCI-compliant data protection.

OnEquity Broker Account Offerings

The company caters to traders of all experience levels with its three distinct account types with the following key features:

Important Tip: Dynamic leverage is automatically adjusted based on your trade volume.

Advantages and Disadvantages

The broker has won multiple awards, including the “Best Multi-Asset Broker 2024” and the “Most Innovative CFD Trading Platform MEA 2024” by IBM Awards.

However, like any other trading services provider, this company too has some downsides.

OnEquity Account Opening and KYC

The broker offers services to individual and corporate clients. You must be over 18 to open an individual account.

1. Visit the broker’s official website;
2. Click “Open Account”;
3. Fill out the registration form;
4. Verify your email address;
5. Agree to the “Client’s Agreement”;
6. Upload ID/Passport and proof of residence (e.g., utility bill, credit card statement, or bank statement).

OnEquity Broker Apps and Platforms

The company provides traders access to the industry-leading MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, offering a robust and feature-rich trading experience.

MetaTrader 4 (MT4)

• Android
• iOS
• Desktop
• Web

MetaTrader 5 (MT5)

• Android
• iOS
• Desktop
• Web

Fees and Commissions

In this OnEquity review, we must mention that the broker offers commission-free trading on its Plus account with a 1.5 pips markup on spreads.

While the no-commission condition is persuasive, you should consider the spread markup and the higher than average commission on Prime and Elite accounts before your final decision.

The broker charges no transaction fees for deposits and withdrawals. However, after 12 months of inactivity, there is a dormant fee of $10.

OnEquity Funding and Withdrawal Methods

To cater to its global client base, the company offers a wide array of deposit and withdrawal options, from Bank Wire to Crypto wallets.

• Credit/Debit Cards (Deposits Only): Visa and MasterCard
• E-Wallets: Skrill, Neteller, FairPay (deposits only), Payretailers, PaymentAsia, Epay (deposits only), Help2Pay, and PerfectMoney
• Local APMs: PIX/TED, Swiffy, Ozow, VertuPay, KoraPay
• Cryptocurrencies: BTC, USDT, ETH, and BNB
• Bank Wire: USD, EUR, GBP, ZAR, and JPY

OnEquity PAMM Accounts

The broker offers a PAMM service for investors and money managers across the MetaTrader 4 and MetaTrader 5 platforms with the following features:

• Best execution of trades
• Access to top trading experts
• Investor funds safeguarded in segregated accounts
• Fully integrated with MT4 and MT5 platforms

One of the advantages of this OnEquity review is that the PAMM system provides a win-win solution. It allows less experienced traders to benefit from the expertise of successful managers while allowing skilled traders to expand their income potential.

OnEquity Broker Trading Markets

The company offers access to 300+ trading instruments and five asset classes, from Forex to Crypto.

• Forex: 40+ major, minor, and exotic currency pairs
• Commodities: CFDs on precious metals (Gold and Silver), energies (BRENT, WTI, and NGAS), and agricultural products (e.g., Coffee, Cotton, Cocoa, and Corn)
• Stocks: CFDs on 250+ listed instruments on the NYSE, Euronext, and NASDAQ
• Indices: Global indices, including S&P 500, FTSE 100, and DAX
• Cryptocurrencies: 15+ crypto CFDs, such as ADA, BTC, DOT, and ETH, with leverage options of up to 1:50

Promotional Programs

While the broker previously offered a 100% welcome bonus of up to $500, the promotion was valid until the end of 2024.

However, OnEquity has a partnership program in two models: Affiliates and IBs.

• Affiliate: $500 + CPA deals
• Introducing Broker (IB): Multi-level sub-IB structure with fixed rebate and rev-share options

OnEquity Customer Support

The broker prides itself on providing comprehensive and responsive 24/5 customer support through various channels, including:

Prohibited Countries

While OnEquity strives to serve a global clientele, regulatory restrictions prevent them from offering services in certain jurisdictions, including:

• United States
• Canada
• North Korea
• Yemen
• Iran
• Belgium
• Syria

It's important to note that this list may change based on evolving regulatory landscapes. Traders should always check the most up-to-date information on OnEquity's website or contact customer support for the latest details on country restrictions.

Customer Experience

The broker has garnered mostly positive feedback across multiple reputable websites, such as:

While 90% of OnEquity reviews on TrustPilot are positive (4-star and 5-star), only 7% are negative, resulting in an excellent trust score.

Educational Resources

The company is committed to empowering its traders with knowledge and skills through a comprehensive suite of educational resources and tools, including:

• Market News
• Trading Glossary
• Daily Analysis
• Weekly Outlook
• Economic Calendar
• Pip Calculator

Expert’s Opinion

OnEquity provides access to 300+ trading instruments with dynamic leverage options of 1:1000 via the MT4 and MT5 platforms.

The broker has an excellent TrustPilot score of 4.6 out of 5. It supports Neteller and Skrill payments and doesn’t accept US clients.