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OnEquity Review

Edited by: Louis Schoeman

OnEquity Review


Overall, OnEquity is considered trusted, with an overall Trust Score of 80 out of 100. They are licensed by one Tier-1 Regulator (highly trusted), one Tier-2 Regulator (trusted), zero Tier-3 Regulators (average risk), and one Tier-4 Regulator (high risk). The broker offers three different retail trading accounts: a Plus, Prime, and Elite Account. 


OnEquity Review – 13 key points quick overview:

  1. ☑️ Overview
  2. ☑️ At a Glance
  3. ☑️ OnEquity Account Types
  4. ☑️How To Open an OnEquity Account
  5. ☑️OnEquity Deposit & Withdrawal Options
  6. ☑️Trading Instruments & Products
  7. ☑️OnEquity Trading Platforms and Software
  8. ☑️OnEquity Spreads and Fees
  9. ☑️Leverage and Margin
  10. ☑️Educational Resources
  11. ☑️OnEquity Pros & Cons
  12. ☑️Security Measures
  13. ☑️Conclusion





Despite being founded in 2020, OnEquity has become a leading player in the online Forex and CFD brokerage industry.


Furthermore, its strategic location and adherence to regulatory requirements underscore its commitment to providing a secure and transparent trading environment. Overall, OnEquity’s mission is to democratize access to global financial markets for traders of all skill levels.


Additionally, the platform integrates MetaTrader 4 and 5 platforms, offering diverse trading products. Competitive spreads, versatile account types, and unique features like social trading and signal sharing further enhance the broker’s competitive advantage.  


Overall, boasting a high trust score and licenses from Tier-2 and Tier-4 regulators, OnEquity solidifies its position as a reputable brokerage partner. This, coupled with its commitment to innovation, customer service, and security, attracts traders worldwide.


How does OnEquity differentiate itself in terms of customer support?

The broker provides multilingual customer care with rapid help through numerous channels, ensuring that traders’ inquiries are immediately handled.


Does OnEquity provide any unique features or bonuses to traders?

The broker offers an Introducing Brokers program with various incentive options, allowing traders to increase their earnings through referral commissions.


At a Glance

🗓 Established Year2020
⚖️ Regulation and LicensesSeychelles FSA, FSCA
🪪 Ease of Use Rating4/5
📞 Support Hours24/5
💻 Trading PlatformsMetaTrader 4, MetaTrader 5
🛍 Account TypesPlus, Prime, Elite
🤝 Base CurrenciesUSD, EUR, JPY
📊 SpreadsFrom 0.0 pips
📈 Leverage1:500
💸 Currency Pairs53; major, minor, and exotic pairs
💳 Minimum Deposit25 USD
🚫 Inactivity FeeYes, 10 USD after 12 months of inactivity
🗣 Website LanguagesEnglish, Portuguese, Japanese, Arabic, French, German
💰 Fees and CommissionsSpreads from 0.0 pips, commissions from $5
✅ Affiliate ProgramYes
🏦 Banned CountriesUnited States, Canada, North Korea, Yemen, Iran, Belgium, Syria
✔️ ScalpingYes
📉 HedgingNo
🎉 Trading InstrumentsForex, commodities, share CFDs, metals, energies, indices, cryptocurrencies
🎖 Open an AccountOpen Account


OnEquity Account Types 

OnEquity Account Types


✅ AvailabilityAll; ideal for beginnersAll; ideal for casual tradersAll; ideal for experienced and professional trader
🛍 MarketsAllAllAll
💸 CommissionsNone; only the spread is chargedFrom $5From $5
💻 PlatformsMT4, MT5MT4, MT5MT4, MT5
📊 Trade Size0.01 – Unlimited lots0.01 – Unlimited lots0.01 – Unlimited lots
📈 Leverage1:5001:5001:500
💰 Minimum Deposit25 USD1,000 USD5,000 USD
🎖 Open an AccountOpen AccountOpen AccountOpen Account


OnEquity Plus Account

Overall, the Plus Account is designed for beginners or those seeking low fees, offering a $25 minimum deposit and spreads starting at 1.5 pips.  


Additionally, with over 300 assets across Forex, commodities, and cryptocurrencies, it offers STP/ECN market execution and leverage of up to 1:500, making it an attractive option. 


OnEquity Prime Account

Overall, the Prime Account is designed for experienced traders with a $1,000 minimum deposit and narrower spreads at 0.4 pips.  


It offers a wide range of products and STP/ECN execution but with smaller spreads for more economical trading. Ideal for those seeking low pricing and extensive functionality without a large initial commitment. 


OnEquity Elite Account

Specifically designed for experienced traders, the Elite Account is a professional trading platform. Moreover, this platform offers competitive conditions with low spreads and a $5 commission, making it attractive to those seeking a high-performance trading experience.


Furthermore, it is ideal for complex trading tactics like scalping, offering access to all OnEquity trading instruments, high-leverage choices, and personalized customer service. 


OnEquity Demo Account

Overall, the Demo Account is a risk-free platform that enables traders to test their trading techniques with virtual funds, allowing them to familiarize themselves with trading platforms, order types, and market conditions without risking real money.  


Furthermore, the demo account provides comparable spreads, leverage, and tools to actual accounts. 


OnEquity Islamic Account

The Islamic Account is designed to adhere to Sharia law and offers a swap-free trading environment. It mirrors conventional trading but does not charge swap fees on overnight positions, making it suitable for Muslim traders adhering to Islamic finance standards.  


Overall, this account demonstrates OnEquity’s commitment to tolerance and diversity, catering to diverse religious and ethical needs. 


Does OnEquity offer Islamic (swap-free) accounts for traders who follow Shariah law?

Yes, the broker provides Islamic accounts that comply with Shariah principles, allowing traders to participate in the financial markets without incurring interest charges or violating religious beliefs.


Can traders switch between different account types offered by OnEquity?

Yes, traders can upgrade or downgrade their account types with OnEquity based on their evolving trading needs, provided they meet the eligibility criteria for the desired account type. 


How To Open an OnEquity Account 

To register an account, follow these steps: 


Step 1 – Click on the Register button.

Find the “Open an Account” button on the OnEquity website. It is usually located under the trading accounts area or on the homepage. 

How To Open an OnEquity Account Step 1


Step 2 – Complete the form.

An online registration form will be displayed when you select the “Open an Account” option. Additionally, provide your contact information on the registration form, including your phone number, email address, complete name, and other necessary details. 

How To Open an OnEquity Account Step 2


OnEquity Deposit & Withdrawal Options 

💳 Payment Method🏛 Country⚖️ Currencies Accepted⏰ Processing Time
Credit/Debit CardAllEUR, USD, GBP24 hours
Bank Wire TransferAllUSD, EUR, GBP3 – 5 days
SkrillAllEUR, USD, GBP, PLN, CZK30 minutes
NetellerAllEUR, USD, GBP, PLN, CZK30 minutes
FairPayColombia, Costa Rica, Guatemala, Chile, United States, Mexico, Peru, BrazilCOP, CRC, GTQ, CLP, USD, MXN, PEN, BRL30 minutes
PayretailersColombia, Costa Rica, Guatemala, Chile, United States, Mexico, Peru, Brazil, PanamaCOP, CRC, GTQ, CLP, USD, MXN, PEN, BRL, CLP, PAB1 – 3 days
PaymentAsiaMalaysia, Indonesia, VietnamMYR, IDR, VND30 minutes
EpayBrazil, Chile, Mexico, UruguayBRL, CLP, MXN, UYU30 minutes
Help2PayIndonesia, Malaysia, VietnamIDR, MYR, VND30 minutes
Perfect MoneyAllUSD30 minutes
LuqaPayJapanJPY30 minutes
DeltaPayJapanJPY30 minutes
SwiffySouth AfricaZAR30 minutes
Cryptocurrency WalletsAllMulti-currency30 minutes
AstroPayAllMulti-currency (crypto)30 minutes



How to Deposit using Bank Wire Step by Step

✅Get OnEquity’s bank account information via your account dashboard or customer support. 

✅Make a wire transfer through your bank, including OnEquity’s account details and the amount you want to deposit. Funds often take a few business days to appear in your OnEquity account. 


How to Deposit using Credit or Debit Card Step by Step

✅Enter the deposit section of your OnEquity account. 

✅Select credit/debit card and input your card information (number, expiry date, and CVV). 

✅Enter the deposit amount and then confirm the transaction. Funds are often credited to your OnEquity account promptly. 


How to Deposit using Cryptocurrency Wallets Step by Step

✅Navigate to the deposit area and choose your preferred coin. 

✅OnEquity will generate a unique wallet address for the chosen coin. 

✅Start the transfer from your cryptocurrency wallet by sending the necessary amount to the supplied OnEquity address. Funds may take some time to settle due to cryptocurrency and network congestion. 


How to Deposit using e-Wallets or Payment Gateways Step by Step

✅Select your chosen e-wallet or payment gateway from the deposit choices. 

✅Log into your e-wallet account or the payment gateway interface. 

✅Enter the deposit amount and complete your transfer to OnEquity. Funds should be shown in your OnEquity account immediately after completing the transaction. 



How to Withdraw using Bank Wire Step by Step

✅Go to the withdrawal area of your OnEquity account. 

✅Enter your bank account information properly (including IBAN, SWIFT/BIC if applicable). 

✅Enter the withdrawal amount and submit your request. Withdrawal processing usually takes a few business days. 


How to Withdraw using Credit or Debit Cards Step by Step

✅Choose the credit/debit card option in the withdrawal area. 

✅Enter the amount you want to withdraw and submit the request. Processing times for card withdrawals can vary depending on the provider. 


How to Withdraw using Cryptocurrency Wallets Step by Step

✅Select your desired coin in the withdrawal area. 

✅Please provide your cryptocurrency wallet address. 

✅Enter the withdrawal amount and confirm your request. This allows time for the cryptocurrency network to process your withdrawal. 


How to Withdraw using e-Wallets or Payment Gateways Step by Step

✅Select your preferred e-wallet/payment gateway in the withdrawal section. 

✅Enter the withdrawal amount and confirm your request. Moreover, funds should arrive in your e-wallet or payment gateway account within the specified processing time. 


What deposit methods are available for funding an account with OnEquity?

OnEquity offers various deposit methods, including credit/debit cards, bank wire transfers, and electronic payment systems, to facilitate the funding of trading accounts.


After funding the account, how soon can traders start trading with OnEquity?

Once the account is funded, traders can immediately access the trading platform and begin executing trades in the financial markets offered by OnEquity.


Trading Instruments & Products 

OnEquity offers the following trading instruments and products: 

➡️Forex – Furthermore, OnEquity offers trading for 53 currency pairings, allowing traders to bet on global currency values and leverage up to 1:500, allowing them to take large positions with a modest amount of funds, leveraging the liquidity and volatility of the forex market. 

➡️Energies – Additionally, traders can engage in the dynamic energy sector by trading commodities like oil and natural gas using three energy instruments.

➡️Indices – Moreover, OnEquity offers traders access to 14 global indexes, enabling them to bet on individual stock market performance without selecting specific equities.

➡️Stocks – Overall, 173 stock CFDs are available for trading, including major US, Europe, and Asia firms. Additionally, these picks allow traders to invest in specific firms’ performance and profit from dividends and price changes. The highest leverage is 1:5, reflecting the risk-reward profile of equities markets. 

➡️Metals – In addition, OnEquity offers traders access to three metal instruments, including precious metals like gold and silver.

➡️Commodities – Moreover, OnEquity offers four commodity instruments, allowing traders to bet on price changes of crops, weather conditions, geopolitical conflicts, and supply/demand variations.

➡️Cryptocurrencies – Additionally, OnEquity offers 13 cryptocurrency pairings for trading, allowing traders to bet on price fluctuations of digital currencies like Bitcoin and Ethereum. 


What financial markets are available for trading on OnEquity’s platform?

Moreover, OnEquity offers access to a wide range of markets, including forex, commodities, indices, stocks, and cryptocurrencies, providing traders with diverse trading opportunities.


Does OnEquity provide trading options for commodities?

Yes, OnEquity allows traders to speculate on various commodities like gold, silver, crude oil, natural gas, and agricultural products through CFD trading. 


OnEquity Trading Platforms and Software 

Trading Platforms and Software 


MetaTrader 4

Overall, traders can access the highly acclaimed MetaTrader 4 (MT4) platform offered by OnEquity, renowned for its user-friendly interface and robust charting features.  


Additionally, with MT4, users can easily personalize their trading environment, access various technical indicators, and employ Expert Advisors (EAs) to automate their trading strategies.  


For traders seeking both smooth execution and substantial community support, MetaTrader 4 emerges as an excellent option to consider within the OnEquity ecosystem.


MetaTrader 5

Overall, the broker offers access to the sophisticated MetaTrader 5 platform, renowned for its advanced features. In addition, this equips traders with a wide range of functionalities, including advanced order types, an integrated economic calendar, and enhanced strategy backtesting capabilities.


Moreover, it provides a wider range of timeframes and technical indicators, catering to traders seeking a comprehensive and flexible trading toolkit.  


Therefore, for those who prioritize robust analytical tools and a versatile multi-asset trading environment, MetaTrader 5 from OnEquity presents a compelling option.


Does OnEquity offer customization options for its trading platforms?

Yes, traders on OnEquity’s platforms can customize their trading experience with personalized indicators, charting tools, and trading strategies to suit their preferences and trading styles.


Are there any limitations to using the trading platforms?

While OnEquity’s trading platforms offer a comprehensive suite of features, some traders may find the learning curve steep, especially if they are new to trading or unfamiliar with MetaTrader platforms.


OnEquity Spreads and Fees 

Spreads and Fees



Overall, the broker caters to various trader profiles by offering a tailored spread strategy. Specifically, the Plus account targets beginners with its 1.5 pips spreads and no separate commission fees. In contrast, the Prime account targets experienced traders by offering tighter spreads of 0.4 pips, allowing them to leverage their skills more effectively.


Specifically targeting professional, high-volume traders, the Elite account offers spreads potentially reaching 0.0 pips on major currency pairs like EUR/USD.



Overall, OnEquity’s commission structure, which charges a $5 fee for Prime and Elite accounts, embodies its commitment to openness and equity. Moreover, this is a standard technique among brokers offering competitive trading conditions with favourable spreads at a small price.


This is crucial for active traders, as it directly impacts the profitability of their trading operations, especially for those executing numerous deals. 


Overnight Fees

Furthermore, OnEquity demonstrates its commitment to ethical trading by transparently handling overnight fees or swap costs.  


This not only ensures long-term profitability and efficient risk management but also allows traders to plan their strategies with a clear understanding of potential expenses, thereby promoting ethical trading practices.


Deposit and Withdrawal Fees

Overall, OnEquity’s unique no-fee policy on withdrawals and deposits enhances trading by alleviating financial burdens for traders.  


Furthermore, this approach fosters a lively trading atmosphere and encourages wiser money management. Moreover, the platform supports account optimization without penalizing traders for changing accounts.


Inactivity Fees

Overall, the broker charges traders 10 UDS per month after 12 months of dormancy to encourage continued trading or strategy review. This is a standard practice in the industry, but traders can take proactive measures due to OnEquity’s open communication about these charges. 


Currency Conversion Fees

OnEquity’s pricing model emphasizes strategic fund management for cross-border traders despite potential extra costs for currency translation.  


This pricing strategy highlights the platform’s international reach, serving a diverse customer base while upholding principles of openness and justice in every transaction, thereby reducing the need for extra expenses for currency translation. 


Does OnEquity charge any fees for opening or maintaining a trading account? 

The broker imposes no account opening or maintenance fees, allowing traders to access the platform without incurring additional costs.


What are the typical spreads offered by OnEquity for forex trading? 

The broker offers competitive spreads on forex pairs, with spreads starting as low as 0.0 pips for major currency pairs during normal market conditions.


Leverage and Margin 

Overall, the broker offers leverage trading, a powerful tool that allows traders to increase their trading capacity beyond their initial investment. This is particularly beneficial in Forex and CFD markets, where price changes can yield substantial profits.  


Leverage trading allows traders to participate in the market using borrowed money, executing deals larger than their available capital. Moreover, this technique highlights higher risk and increases the possibility of profit.  


Overall, OnEquity offers a diverse range of asset classes, including Forex, commodities, stock CFDs, indexes, cryptocurrencies, and niche markets like precious metals and oil. In addition to this, they also provide margin trading, which is a supplement to leverage, where a percentage of an account’s equity is used as collateral.


Additionally, the broker offers leverage options up to 1:500 for key currency pairings, with options catering to various trading styles and risk tolerances. Moreover, major stock margin requirements are fixed at 20%. 


Does OnEquity offer negative balance protection?

Yes, negative balance protection applies to all three retail accounts.


What are the Margin Call and Stop-Out Conditions for OnEquity?

The broker has a Margin Call at 70% and a Stop-Out at 30%.


Educational Resources 

Overall, OnEquity does not offer any educational resources. 


OnEquity Pros & Cons 

✔️ Pros❌ Cons
For the Elite account, the broker provides attractive spreads that start as low as 0.0 pipsTraders who use currencies other than EUR, USD, or JPY might pay currency conversion costs
A modest $25 is required as a minimum deposit to use a Plus accountThe lack of 24/7 customer service might cause problems for traders who trade from different time zones
Features like social trading and signal-sharing promote a cooperative trading environmentBeginner-friendly instructional resources are not available
OnEquity offers Plus, Prime, and Elite accounts to accommodate traders of all skill levelsEven if OnEquity is regulated, some traders looking for the highest level of regulatory security may be concerned about the lack of Tier-1 regulatory scrutiny
There are no costs associated with deposits or withdrawalsA $10 inactivity fee is assessed following 12 months without any trading activity
OnEquity provides traders with support and guidance by offering devoted customer care 24/5Because of the dependency on MetaTrader platforms, this platform is not suitable for traders seeking a bespoke trading experience
Reputable financial authorities oversee OnEquity
OnEquity gives users access to a wide range of marketplaces
Technical indicators, automated trading, and sophisticated charting tools are available to traders


Security Measures 

Overall, the broker prioritizes protecting clients’ money and private information through advanced security measures, including encryption technology and segregated accounts.  


Moreover, under strict regulatory supervision, the broker enforces financial reporting and operational behaviour, ensuring traders’ confidence in their broker. Risk management tools like negative balance protection and two-factor authentication (2FA) further protect against illegal account usage.  


Additionally, these measures demonstrate OnEquity’s commitment to providing a safe trading environment and reducing concerns about money and personal data security. 


What is OnEquity’s track record in terms of security incidents or breaches?

This commitment translates to a strong track record of maintaining the security and integrity of its platform, with no major security incidents or breaches reported to date.


How does OnEquity secure its traders’ funds?

The broker segregates client funds into separate accounts. Moreover, this ensures they are not commingled with company funds, providing additional protection for traders’ capital.


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Overall, OnEquity is a robust Forex and CFD broker offering a wide range of trading solutions. Additionally, its connectivity with MetaTrader platforms, competitive spreads, and diverse financial products make it a reliable choice for new and experienced traders.  


For more information on FXLeaders.


Yes, OnEquity offers cutting-edge features like signal sharing and social trading, which let traders interact with a peer community for cooperative learning and trading and instantly duplicate winning tactics. 

With OnEquity, withdrawals are handled quickly, with rapid processing possible in some ways. Nevertheless, the maximum anticipated withdrawal time may exceed five days, depending on the payment method. 

Yes, OnEquity offers a trial account that lets traders practice their techniques in a risk-free environment using virtual funds. However, specifics like the demo period and validity periods are not disclosed. 

With a minimum investment of just USD 25 for the Plus account, OnEquity provides traders with an accessible starting point, making it a desirable choice for novices. 

Yes, OnEquity allows users to trade cryptocurrencies. With 13 pairs accessible, users may make predictions about how the prices of well-known digital currencies will fluctuate. 

Yes, OnEquity is regarded as a secure broker as respectable financial authorities govern it and use strong security features to protect traders’ money and personal data, including segregated accounts, sophisticated encryption, and negative balance protection. 

For Forex trading, OnEquity provides leverage up to 1:500, enabling traders to increase their trading positions and possible profits. 

A wide range of markets, such as Forex, commodities, indices, stocks, metals, and cryptocurrencies, are accessible to traders using OnEquity, offering plenty of strategic trading and diversification options. 

With its headquarters in Seychelles, OnEquity has a worldwide reach demonstrated by its numerous offices and regulatory compliance across several nations. 

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