on fin foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://secure.onfin.group/auth/signup/trading, about the company's legal and temporary regulatory information, the company's address Moheli Corporate Services LTD P.B. 1257 Bonovo Road, Fomboni, Comoros, KM.
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Low minimum deposit requirement of $1, making it accessible for new traders. Competitive trading conditions with tight spreads starting from 0.0 pips and leverage up to 1:1000. No deposit or withdrawal fees, enhancing overall cost-effectiveness for traders.
Not regulated by tier-1 authorities, which may raise concerns about fund safety and security. Limited selection of trading platforms, as it only offers MetaTrader 4. Customer support options may be limited, potentially leading to slow response times for traders needing assistance.Basic Information
Comoros
OnFin Forex Broker - Comprehensive Information Guide
1. Broker Overview
OnFin, established in 2015, is an international brokerage firm that operates primarily in the foreign exchange and CFD markets. The company is headquartered in Fomboni, Mohéli, Comoros, with additional offices located in Tbilisi, Georgia. As a privately held entity, OnFin has positioned itself as a competitive player in the trading industry, focusing on providing traders and investors with optimal trading conditions and advanced trading technologies.
Since its inception, OnFin has continuously evolved its services, aiming to enhance the trading experience for its clients. The broker has garnered attention for its commitment to financial freedom, allowing traders to make independent decisions or follow proven strategies. One of the key milestones in the company's history was its recognition as the "Fastest Growing Broker 2021" by Forbes, which highlighted its rapid expansion and innovative approach to trading.
OnFin operates on an ECN (Electronic Communication Network) model, allowing for direct interaction with liquidity providers globally. This business model is designed to cater to both retail and institutional clients, providing a wide range of trading instruments, including forex, commodities, indices, and stocks.
2. Regulatory and Compliance Information
OnFin is regulated by the Mwali International Services Authority (MISA), holding the license number BF X 2024038. While the regulatory framework aims to ensure fair trading practices, it is essential for potential clients to understand the implications of trading with an offshore broker. The license is valid for providing services in the forex and CFD markets, but it is crucial to note that the regulatory oversight may not be as stringent as that of brokers based in more established financial jurisdictions.
The company implements a segregated accounts policy, ensuring that clients' funds are kept separate from the company's operational funds. This measure is designed to protect clients' investments in the event of financial difficulties faced by the broker. Additionally, OnFin adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) policies, which require clients to provide identification and verification documents to prevent illicit activities.
3. Trading Products and Services
OnFin offers a diverse range of trading products, catering to various trading strategies and preferences. The broker provides access to over 260 trading instruments, including:
- Forex Pairs: A wide selection of currency pairs, including major, minor, and exotic pairs.
- CFDs: Contracts for difference on indices, commodities, and stocks, allowing traders to speculate on price movements without owning the underlying assets.
- Cryptocurrencies: Trading options for popular digital currencies, although the specific offerings may vary.
- Special Products: OnFin also provides unique trading instruments tailored to meet the demands of its clients.
The broker is committed to regularly updating its product offerings to reflect market trends and client needs. Retail trading services are complemented by institutional client services that include tailored solutions for asset management and trading strategies.
4. Trading Platforms and Technology
OnFin primarily utilizes the MetaTrader 4 (MT4) platform, a widely recognized trading software known for its user-friendly interface and robust functionality. The platform supports various trading styles, including scalping and automated trading through Expert Advisors (EAs).
Additionally, OnFin offers a web-based trading platform, allowing clients to trade directly from their browsers without the need for software installation. Mobile trading is also supported, with applications available for both iOS and Android devices, providing traders with the flexibility to manage their accounts on the go.
The broker's execution model is based on ECN technology, which ensures rapid order execution and access to competitive spreads starting from 0.0 pips. OnFin's technical infrastructure is designed to support high-frequency trading and minimize latency, enhancing the overall trading experience for its clients. Furthermore, API access is available for traders looking to implement automated trading strategies.
5. Account Types and Trading Conditions
OnFin provides a variety of account types to accommodate different trading preferences and experience levels. The main account types include:
- Mini Account: Requires a minimum deposit of $1, with floating spreads starting from 1.2 pips and no commission.
- Fix Account: Designed for medium-term traders, this account type features fixed spreads starting from 3 pips and requires a minimum deposit of $50.
- ECN Account: Tailored for experienced traders, this account type offers ultra-low floating spreads starting from 0 pips with a commission of $4 per lot and a minimum deposit of $50.
- Copy Account: Allows investors to replicate the trades of successful strategy providers, requiring a minimum deposit of $100.
Leverage options of up to 1:1000 are available across various account types, enabling traders to control larger positions with smaller capital. The minimum trade size is set at 0.01 lots, and the broker maintains a transparent overnight fee policy for positions held past trading hours.
6. Funds Management
OnFin supports a wide range of deposit and withdrawal methods to facilitate fund management for its clients. Accepted deposit methods include:
- Bank Transfers
- Credit/Debit Cards
- E-wallets such as Perfect Money and SticPay
- Cryptocurrencies like Bitcoin
The minimum deposit requirement varies by account type, with the Mini Account starting at just $1. Deposits are typically processed quickly, often within the same day, while withdrawals may take longer depending on the method chosen.
Withdrawal methods mirror the deposit options, and OnFin does not charge fees for deposits or withdrawals. However, clients should be aware of potential processing fees from their payment providers. The broker's commitment to efficient fund processing is evident in its aim to provide timely access to clients' funds.
7. Customer Support and Educational Resources
OnFin prides itself on delivering comprehensive customer support to its clients. The broker offers multiple support channels, including:
- Phone Support
- Email Support
- Live Chat
- Social Media Channels
Customer support is available 24/5, ensuring timely assistance across various time zones. The broker supports multiple languages, including English, Spanish, Russian, and several Asian languages, catering to a diverse client base.
In addition to customer support, OnFin provides educational resources to help traders enhance their skills. These resources include webinars, trading tutorials, and market analysis reports. Clients can access daily analysis, news updates, and research reports to stay informed about market trends and opportunities.
8. Regional Coverage and Restrictions
OnFin operates in various markets, primarily focusing on clients from regions such as Europe, Asia, and the Middle East. The broker has established a presence in multiple countries, with regional offices to support its global clientele.
However, OnFin does not accept clients from certain jurisdictions, including the United States, North Korea, and other regions where regulatory restrictions apply. It is essential for potential clients to verify their eligibility to trade with OnFin based on their country of residence.
In summary, OnFin is a broker that offers a comprehensive suite of trading services backed by advanced technology and a commitment to customer satisfaction. With a diverse range of trading instruments, competitive trading conditions, and robust support, OnFin positions itself as a viable option for both novice and experienced traders looking to navigate the financial markets effectively.
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Яна Яна
Russia
ONFIN broker deserves a good rating. The funds are withdrawn properly, there are no complaints about the platform. Communication with support also left a good impression. Testing copy trading.
Positive
2024-11-15
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Exposure Investing in OnFin? Absurd Withdrawal Conditions & Trade Manipulation May Spoil Your Trading Mood
Planning to invest in OnFin, the forex broker, which has been a nightmare for many forex traders? While withdrawal denials have remained perennial for them, trading manipulations, including the illegitimate disappearance of deposits, have put OnFin under the scanner. Traders have been vehemently expressing their frustration about the forex broker on various broker review platforms. In this article, we will share some complaints that made us expose this broker here.
Onocan Mihai
Romania
Be very careful with this broker – their withdrawal conditions are misleading and, in my opinion, abusive. After depositing funds, I attempted to make a withdrawal, only to be told that I cannot access my own money unless I trade a very high volume. Specifically, they require you to trade 3 full lots for every 100 USD you want to withdraw. This is an extremely unreasonable condition for most retail traders. To put it into perspective: in a standard account, 3 lots means trading 300,000 units. That’s a massive volume just to withdraw $100 – and it applies even to your own deposited funds, not just bonuses. When I asked for clarification, they pointed me to vague clauses buried in their client agreement and even warned me that refusing to comply could result in my account being closed and “blacklisted on the regulator’s network” – a statement that sounds more like a threat than a legitimate regulatory action. In short: they make it nearly impossible to withdraw your money.
Exposure
2025-08-05