Ram Nisha

Reviewer:

Ram Nisha
Rajesh  Sharma

Fact checker:

Rajesh Sharma
Modified:

OnEquity Broker Review 2025

OnEquity Broker Review 2025
Company:OnEquity
Founded:2022
Min Deposit:$25
Max Leverage:1000
Headquarter:

Mahe, Seychelles

US Accepted:
Commission-free Trading Islamic Account Equinix Data Center Economic Calendar Dynamic Leverage PAMM Accounts

Investing and trading in financial markets such as the stock exchange, forex, digital currencies in the form of spot or with leverage face a high inherent risk. According to the statistics of all exchanges and brokers, more than 75% of people lose!

About
OnEquity is an FSCA/FSA-regulated broker based in Mahe, Seychelles. The company has won multiple awards, including the Most Reliable Forex Broker 2024. The broker provides access to 5 asset classes, from Crypto to Shares, with Raw spreads and a $5 commission through the Elite account.
Contact
CT House, Office 6C, Providence, Mahe, Seychelles
Rank and Score
Pros and Cons
Account Types
Platforms
Pros
Robust Equinix data center
Advanced MetaQuotes platforms
Spreads as low as 0.0 pips
Dynamic leverage options of up to 1:1000
Cons
Lack of top-tier licensing
High entry barrier ($25)
Limited asset offerings (300+)
No TradingView support
score of blog
4 From 5.0
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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
OnEquity offers spreads as low as 0.0 pips on EUR/USD

OnEquity Specific Features

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

Broker

OnEquity

Account Types

Plus, Prime, Elite

Regulating Authorities

FSCA, FSA

Based Currencies

USD, EUR, JPY

Minimum Deposit

$25

Deposit Methods

Visa, MasterCard, Skrill, Neteller, FairPay, Payretailers, PaymentAsia, Epay, Help2Pay, PerfectMoney, PIX/TED, Swiffy, Ozow, VertuPay, KoraPay, Crypto, Bank Wire

Withdrawal Methods

Skrill, Neteller, Payretailers, PaymentAsia, Help2Pay, PerfectMoney, PIX/TED, Swiffy, Ozow, VertuPay, KoraPay, Crypto, Bank Wire

Minimum Order

0.01 lots

Maximum Leverage

1:1000

Investment Options

PAMM

Trading Platforms & Apps

MT5, MT4

Markets

Forex, Indices, Shares, Commodities, Crypto

Spread

From 0.0 pips

Commission

Variable based on the account type

Orders Execution

STP/ECN

Margin Call / Stop Out

70% / 30%

Trading Features

Commission-free Trading, PAMM Accounts, Islamic Account, Economic Calendar, Dynamic Leverage, Equinix Data Center

Affiliate Program

Yes

Bonus & Promotions

No

Islamic Account

Yes

PAMM Account

Yes

Customer Support Ways

Email, Phone, Ticket, Live Chat

Customer Support Hours

24/5

OnEquity Broker Account Offerings

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

Features

Plus

Prime

Elite

Min Deposit

$25

$1,000

$5,000

Base Currencies

USD, EUR, JPY

USD, EUR, JPY

USD, EUR, JPY

Max Dynamic Leverage

1:1000

1:1000

1:1000

Market Execution

STP/ECN

STP/ECN

STP/ECN

Min Order Size

0.01 lots

0.01 lots

0.01 lots

Spreads from

1.5 pips

0.4 pips

0.0 pip

Commission

$0

$5

$5

Margin Call

70%

70%

70%

Stop Out

30%

30%

30%

Swap-Free Option

Yes

No

No

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

OnEquity Islamic Account

The broker offers a swap-free (Islamic) feature, available only to Muslim clients. Note that the time limit to hold a position without rollover charges is 10 days.

To open an Islamic account with OnEquty, you’ll first need to complete the standard account registration process.

Once your account is verified and funded, you can request an upgrade to an Islamic account. This account type complies with Sharia Law, ensuring all trading activities are halal and free from interest (riba).

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.

OnEquity Broker Pros and Cons
Daily market analysis and no hidden fees are some of the perks of trading with OnEquity

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

Pros

Cons

Robust Equinix data center

Lack of top-tier licensing

Advanced MetaQuotes platforms

High entry barrier ($25)

Spreads as low as 0.0 pips

Limited asset offerings (300+)

Dynamic leverage options of up to 1:1000

No TradingView support

OnEquity Account Opening and KYC

The OnEquity registration process lets you create a trading account in minutes. Provide basic details, verify your email, and agree to terms; no fees, just fast access to trading.

#1 Visit OnEquity’s Platform

Visit the broker's official website and click "Open Account" to get started.

#2 Submit Personal Information

Fill in the sign up form with the following details:

  • Full name
  • Date of birth
  • Phone number
  • Email
  • Country
  • Nationality
  • Account password
OnEquity Registration
Registering with OnEquity requires an email address and phone number

#3 Verify Your Email

Check your inbox for OnEquity’s confirmation email and click "Verify Email" to activate your account.

Log in to the OnEquity dashboard, accept the terms and conditions, and click "Continue" to start trading.

#4 Proceed with the Verification Process

To complete the OnEquity KYC procedure, log in to the client dashboard, navigate to the verification section, and provide supporting documents, including:

  • Proof of ID: Passport, Driving License, or ID Card
  • Proof of Address: Bank statement or Utility bill

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.

OnEquity MetaTrader 4 (MT4)

MT4 is a leading trading platform offering advanced charting, automated trading (Expert Advisors), and real-time market execution.

MetaTrader 5 (MT5)

MetaTrader 5 (MT5) is an advanced multi-asset platform offering 21 timeframes, 80+ indicators, and algorithmic trading with MQL5 for forex, stocks, and crypto.

TradingFinder has developed various MT4 and MT5 indicators that you can use for free.

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.

Account Type

Commission

Spreads from (pips)

Plus

$0

1.5

Prime

$5

0.4

Elite

$5

0.0

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 table below gathers live spread prices at the time of writing this OnEquity review for popular Forex market pairs:

Trading Instrument

Spread (Pips)

EURUSD

0.2

GBPUSD

0.2

AUDUSD

0.4

USDCAD

0.9

USDJPY

0.4

EURCHF

2.7

EURGBP

1.8

GBPCAD

4.1

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 Payment Processing Time

While payments are typically processed within 30 minutes, the processing time varies for Credit Card and Bank transfers.

Payment Method

Processing Time

Credit / Debit Cards

24 Hours

E-Wallets

30 Minutes

Local APMs

30 Minutes

Crypto Wallets

30 Minutes

Bank Wire

Up to 5 Days

Note: Processing time for Payretailers transactions is 1 to 3 days, unlike other E-Wallets. 

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
OnEquity PAMM Service
OnEquity PAMM service is a passive income solution for investors

The PAMM and copy trading 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 Cryptocurrencies.

  • 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:

Email

support@onequity.com

Tel

+2484671965

Ticket

Accessible through the “Contact Us” Page

Live Chat

Available on the official website

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.

OnEquity Geo-Restrictions
A list of prohibited countries on OnEquity broker

Customer Experience

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

OnEquity TrustPilot

4.6/5 based on 827 reviews

Forex Peace Army

2.4/5 based on 3 comments

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

OnEquity TrustPilot
OnEquity has replied to 95% of negative reviews on TrustPilot with a reply time of less than a week

User Reviews Overview

Positive comments praise the broker's transparency, low commissions, fast execution speed, and high-quality customer support.

However, some clients have complained about undisclosed withdrawal fees, payout refusal, profit removal, and a complicated withdrawal process.

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

You can also use TradingFinder's Forex education section for additional resources.

OnEquity vs Other Brokers

Let's check OnEquity's services in comparison with the top brokers:

Parameter

OnEquity Broker

HFM BrokerFxPro BrokerFXGlory Broker

Regulation

FSCA, FSA

CySEC, DFSA, FCA, FSCA, FSAFCA, FSCA, CySEC, SCBNo

Minimum Spread

From 0.0 pipsFrom 0.0 PipsFrom 0.0 PipsFrom 0.1 Pips

Commission

From $0.0From $0From $0$0

Minimum Deposit

$25

From $0$100$1

Maximum Leverage

1:1000

1:20001:5001:3000

Trading Platforms

MT5, MT4

MT4, MT5, Mobile AppMT4, MT5, cTrader, Web Trader, Mobile AppMetaTrader 4, MetaTrader 5

Account Types

Plus, Prime, Elite

Cent, Zero, Pro, PremiumStandard, Pro, Raw+, EliteStandard, Premium, VIP, CIP

Islamic Account

YesYesYesYes

Number of Tradable Assets

300+

1,000+2100+45

Trade Execution

Market, Instant

Market, Buy Stop, Stop Loss, Limit, Take ProfitMarket, PendingMarket, Instant

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.

FAQs

Is OnEquity regulated?

The FSCA in South Africa and the FSA in Seychelles oversee the broker’s operation.

What trading platforms are available?

OnEquity provides both MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms.

What is the minimum deposit for opening a live account?

The minimum deposit starts at $25 for the Plus account.

What are account types and their differences?

OnEquity offers three accounts: Plus (no commission, 1.5 pips spread), Prime ($5 commission, 0.4 pips spread), and Elite ($5 commission, 0.0 pips spread). Elite requires a $5,000 minimum deposit, while Plus starts at $25. All support 1:1000 leverage.

Can I trade commission-free?

Only the Plus account is commission-free, but spreads start at 1.5 pips. Prime and Elite accounts charge $5 per lot but offer tighter spreads (0.4 pips and 0.0 pips, respectively).

Does OnEquity offer Islamic accounts?

Yes, OnEquity provides swap-free Islamic accounts compliant with Sharia law. Positions held beyond 10 days may incur rollover fees. Traders must request this feature after standard account verification.

What is the maximum leverage offered?

OnEquity offers dynamic leverage up to 1:1000, adjusted automatically based on trade volume. Higher leverage increases risk, so use caution.

What are deposit and withdrawal methods?

Deposits: Credit/debit cards, e-wallets (Skrill, Neteller), crypto (BTC, USDT), and bank transfers. Withdrawals exclude cards but support e-wallets, crypto, and bank wires. Processing times range from 30 minutes (e-wallets) to 5 days (bank transfers).

Are there fees for withdrawals or inactivity?

No withdrawal fees, but a $10 dormant fee applies after 12 months of inactivity. Some payment providers may charge external fees.

Does OnEquity have a PAMM account option?

Yes, OnEquity’s PAMM accounts let investors allocate funds to professional managers. Features include segregated accounts, MT4/MT5 integration, and performance-based profit sharing.

What assets can I trade?

OnEquity offers 300+ instruments: 40+ forex pairs, commodities (gold, oil), stocks (NYSE, NASDAQ), indices (S&P 500), and 15+ cryptocurrencies (BTC, ETH) with up to 1:50 leverage.

Is OnEquity available in the US or Canada?

No, OnEquity restricts clients from prohibited countries, including the US, Canada, Iran, and North Korea, due to regulatory constraints.

How do I verify my OnEquity account?

Submit a valid ID (passport, driver’s license) and proof of address (utility bill) via the client dashboard. Verification typically takes 1–2 business days.

What is OnEquity’s margin call/stop-out level?

The margin call is set at 70%, and stop-out at 30% for all accounts. If equity falls below 30%, positions are automatically closed.

Does OnEquity offer bonuses or promotions?

No, OnEquity discontinued its 100% welcome bonus in 2024 but runs an affiliate program with commissions up to $500 CPA.

Does OnEquity have an economic calendar?

Yes, traders access a real-time economic calendar, daily market analysis, and weekly outlooks to inform strategies.

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