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Rating Index

Pros

Offers a variety of trading options including forex, stocks, and cryptocurrencies.

Provides access to the MetaTrader 5 platform, which is popular among traders for its advanced features.

Claims to prioritize cybersecurity with military-grade encryption to protect user data.

Cons

Unregulated and based in St. Vincent and the Grenadines, raising concerns about the safety of funds.

High minimum deposit requirement of $1,500, which may deter new or inexperienced traders.

Numerous complaints about withdrawal issues and lack of transparency regarding deposit methods.

ONYX broker Accounts

Onyx Traders Account Type

Onyx Traders offers five different types of trading accounts to cater to various trader needs and experience levels:

Basic Account

Minimum Deposit: $1,500
Leverage: 1:25

Silver Account

Minimum Deposit: $25,000
Leverage: 1:25
Bonus: Up to 30%

Gold Account

Minimum Deposit: $50,000
Leverage: 1:25
Bonus: Up to 50%

Platinum Account

Minimum Deposit: $150,000
Leverage: 1:100
Bonus: Up to 75%

VIP Account

Price: Ask account manager
Leverage: 1:200
No fees

Each account type has different requirements and benefits, with the Basic Account being the entry-level option and the VIP Account offering the highest leverage and no fees.

Onyx Traders Broker Account Opening Process

To open an account with Onyx Traders, follow these steps:

Visit the Website: Go to the Onyx Traders website.
Account Registration: Click on the registration link, where you will be required to enter a promo code to proceed with the account setup.
Fill in Personal Information: Complete the necessary forms with your personal details.
Deposit Funds: Make the minimum deposit required for your chosen account type.
Verification: Depending on the account type and the broker's policies, you may need to verify your identity and provide additional documentation.
Start Trading: Once your account is set up and funded, you can begin trading on the platform.

Please note that the process may vary slightly based on the account type you choose and any specific requirements set by the broker.