OnFin gives traders access to Forex, Metals, Indices, Commodities, Shares, and Crypto using ECN technology with floating spreads from 0.0 pips and leverage options up to 1:1000. What trading platforms does OnFin broker offer?
We’ll explore the account types, copy trading, instruments, trading platforms, regulatory status, verification documents, awards, and trust scores in this OnFin review.
OnFin (Company Information and Regulation)
OnFin Ltd was founded in 2015 on the Island of Mohéli, Comoros Union. The company is licensed by the MWALI International Services Authority (MISA) with license number “BFX2024038”. Key features of OnFin (formerly known as ECN.Broker):
- +260 trading instruments;
- Up to 1:1000 leverage;
- +100 copy trading strategies;
- Utilizes technology of secure connections (SSL);
- Partnership with AMTS Solutions.
OnFin Table of Specifications
Through a partnership with AMTS Solutions, the broker has gained access to top liquidity providers, such as Bank of America, UBS Group AG, Barclays, and JPMorgan Chase. Thus, it offers tight spreads from 0.0 pips and fast execution speed. Here are some specific details about OnFin.
Broker | OnFin |
Account Types | ECN, FIX, MINI, COPY |
Regulating Authorities | MISA |
Based Currencies | USD |
Minimum Deposit | $1 |
Deposit Methods | AwPay, SEPA, MasterCard, VISA, Crypto, SticPay, QiWi, Yoomoney |
Withdrawal Methods | AwPay, MasterCard, VISA, Mir, Crypto, SticPay, Perfect Money |
Minimum Order | 0.01 lots |
Maximum Leverage | 1:1000 |
Investment Options | Investment Strategies |
Trading Platforms & Apps | MT4 |
Markets | Forex, Metals, Indices, Commodities, Shares, Crypto |
Spread | Fixed and Floating |
Commission | $4 on ECN account |
Orders Execution | Market, Instant |
Margin Call / Stop Out | Variable based on the account type |
Trading Features | Copy Trading |
Affiliate Program | Yes |
Bonus & Promotions | IB, Multilevel, Representative |
Islamic Account | Yes |
PAMM Account | Yes |
Customer Support Ways | Phone, Email |
Customer Support Hours | 24/5 |
OnFin Account Types
The broker caters to a diverse range of traders by offering three main account types, each designed to meet specific trading needs and preferences. OnFin also provides a dedicated copy trading account, which we will discuss later in this article.
Features | ECN | Fix | Mini |
Base Currency | USD | USD | USD |
Min Deposit | $50 | $50 | $1 |
Order Execution | Market | Instant | Market |
Margin Call | 100% | 50% | 50% |
Stop Out | 40% | 20% | 20% |
Min Order Size | 0.01 lots | 0.01 lots | 0.01 lots |
Max Leverage | 1:1000 | 1:1000 | 1:1000 |
Swap Free | Available | Available | Available |
OnFin Broker Pros & Cons
To help you make an informed decision, let's examine the advantages and disadvantages of trading with OnFin.
Pros | Cons |
ECN technology for superior execution | Offshore regulation |
Competitive spreads starting from 0.0 points | Limited platform options (only MT4) |
High leverage up to 1:1000 | Lack of educational resources |
No deposit or withdrawal fees | - |
OnFin Account Opening and KYC Verification
Opening an account with ECN.Broker is a straightforward process designed to get you trading quickly while ensuring compliance with regulatory requirements.
- Visit the broker’s official website at “https://onfin.io/”;
- Click "Start Trading";
- Fill in the registration form;
- Provide proof of identity (national passport or ID card) and proof of address (bank statement or an invoice for CG).
OnFin Apps and Trading Platforms [MT4]
We must discuss the trading platform in this OnFin review. The company provides its clients with the industry-standard MetaTrader 4 (MT4) platform, accessible across various devices, including:
OnFin Trading Costs
Access to tier-1 liquidity providers enables OnFin to offer some of the best trading conditions, including tight spreads and low commissions.
Account Type | Spreads (Points) | Commission (Per lot) |
ECN | Floating from 0.0 | $4 |
Fix | Fixed from 3.0 | $0 |
Mini | Floating from 1.2 | $0 |
Copy | Floating from 2.4 | $0 |
OnFin Broker Payment Methods
The company offers a diverse range of payment methods, from bank transfers to e-wallets, to cater to its global client base.
Method | Min Deposit | Deposit Fee | Min Withdrawal | Withdrawal Fee |
SEPA | €500 | 0% | $15 | 0% |
MasterCard | $1 - $50 | 0% | $5 - $20 | 0% |
VISA | $1 - $50 | 0% | $5 - $20 | 0% |
Crypto | $1 - $10 | 0% | $1 - $10 | 0% |
SticPay | $1 | 0% | $1 | 0% |
QiWi | ₽100 | 0% | Not Available | 0% |
Perfect Money | Not Available | Not Available | $10 | 0% |
OnFin Broker Copy Trading
The company offers an exclusive copy trading account, known as Copy, which allows investors to automatically replicate the trades of successful strategy providers. Key features of OnFin Copy account:
Base Currency | USD |
Min Deposit | $100 |
Order Execution | Market |
Margin Call | 50% |
Stop Out | 20% |
Min Order Size | 0.01 lots |
Max Leverage | 1:1000 |
Swap Free | Available |
Tariffs on the Copy account come in three models: percent of profit, fixed amount per trade, and sum for a certain period. You can select your preferred model and maximize your profit potential.
OnFin Bonus and Promotion
Passive income is one of the most attractive topics in this OnFin review. The broker offers an attractive partnership program for those looking to earn additional income by referring new clients or representing the broker.
- Introducing Broker (IB): Earn up to $20 commissions per lot on referred clients' trading activity;
- Multilevel Partnership: An 8-level reward program with up to $15 commissions per lot;
- Representative Program: Become an official OnFin representative in your region with exclusive benefits and higher commission rates.
OnFin Broker Customer Support
ECN.Broker prides itself on providing 24/5 (Monday to Friday) customer support through phone, email, and live chat. Here’s a list of OnFin contacts in various regions.
Region | Phone | |
Georgia | +995 706 770001 | support@onfin.io |
Russia | +7 (800) 551-38-35 | russia@onfin.io |
Europe | +35722009460 | europe@onfin.io |
Philippines | +63180013200005 | philippines@onfin.io |
Hong Kong | +852800931465 | hongkong@onfin.io |
Africa | - | africa@onfin.io |
Kenya | +254207640470 | kenya@onfin.io |
OnFin Prohibited Countries
Like many international brokers, OnFin is subject to regulatory restrictions that prohibit it from offering services in certain countries. While the full list of prohibited countries may change over time, some notable exclusions include:
- United States of America;
- North Korea.
OnFin User Satisfaction
We must explore user ratings and trust scores in this OnFin review. User satisfaction is a crucial factor when choosing a broker. The company has a profile on TrustPilot with 44 reviews, scoring an excellent rate of 4.7 out of 5.
Conclusion and Final Words
OnFin’s strengths lie in its ECN technology, tight spreads from 0.0 points, commission-free trading, diverse asset offerings (260+), and user-friendly MT4 platform.
OnFin broker offers a dedicated copy trading feature and three main partnership programs appealing to those seeking passive income. Share your thoughts about the OnFin review in the comments.
