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.
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.

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
- Country
- Nationality
- Account password

#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

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:
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.

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

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 Broker | FxPro Broker | FXGlory Broker |
Regulation | FSCA, FSA | CySEC, DFSA, FCA, FSCA, FSA | FCA, FSCA, CySEC, SCB | No |
Minimum Spread | From 0.0 pips | From 0.0 Pips | From 0.0 Pips | From 0.1 Pips |
Commission | From $0.0 | From $0 | From $0 | $0 |
Minimum Deposit | $25 | From $0 | $100 | $1 |
Maximum Leverage | 1:1000 | 1:2000 | 1:500 | 1:3000 |
Trading Platforms | MT5, MT4 | MT4, MT5, Mobile App | MT4, MT5, cTrader, Web Trader, Mobile App | MetaTrader 4, MetaTrader 5 |
Account Types | Plus, Prime, Elite | Cent, Zero, Pro, Premium | Standard, Pro, Raw+, Elite | Standard, Premium, VIP, CIP |
Islamic Account | Yes | Yes | Yes | Yes |
Number of Tradable Assets | 300+ | 1,000+ | 2100+ | 45 |
Trade Execution | Market, Instant | Market, Buy Stop, Stop Loss, Limit, Take Profit | Market, Pending | Market, 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.