Onyx Markets Forex Broker

Onyx MarketsReview Summary Founded2024 Registered Country/RegionUnited Kingdom RegulationSuspicious Clone FCA License Market InstrumentsForex, Indices, Commodities, CFDs Demo Account✅ LeverageVaries based on the asset class Spread/ Trading PlatformMT5 Min Deposit/ Customer SupportEmail: trading@onyxmarkets.co.uk Phone: +44 203 097 5000 Live Chat Company Address:114a Cromwell Road, London SW7 4ES, United Kingdom Regional RestrictionUSA, Belgium, or any country outside the UKOnyx Information Onyx Markets is a global online trading platform specializing in CFDs like forex, commodities, and indices. It offers competitive spreads and multiple account types tailored to diverse trading strategies. The platform integrates MetaTrader 5 (MT5), providing advanced charting, algorithmic trading, and seamless access to international markets.Pros & Cons ProsCons MT5 supportedSuspicious Clone FCA License Demo account availableRegional restrictions Multiple contact channelsIs Onyx Markets Legit? Onyx Markets is regulated by the Financial Conduct Authority, holding a market maker license (No.822509). Regulated CountryRegulated AuthorityRegulatory Status Regulated EntityLicense TypeLicense Number Financial Conduct AuthorityOnyx Capital Advisory LimitedSuspicious CloneMarket Maker (MM)822509What Can I Trade on Onyx Markets? Onyx Markets provides access to trading CFDs and Spread Bets on a range of underlying assets, including: Currency Pairs (Forex)IndicesCommodities Trading AssetAvailable forex✔ commodities✔ indices✔ energies❌ metals❌ stocks /shares❌ cryptocurrencies❌ options❌ funds❌ ETFs❌Account Types A demo account is available on Onyx Markets to let traders test out this platform without risking any actual money. Onyx Markets allows traders to open a Joint Account, which means an account shared by two or more individuals that allows all account holders to contribute funds, make investment decisions, and manage the account individually and, where necessary, collectively. Each holder has equal rights to access and control the account. Unless notified otherwise, joint account holders will be treated as joint tenants. Furthermore, Onyx Markets classified your account as a linked account.Leverage Leverage on this platform varies depending on the asset class, market conditions, and client classification. Specific details on margin requirements and leverage ratios are available on the Trading Platform and/or Website.Fees Fees & Commissions: Onyx Markets may charge you fees and commissions, which can change. You must regularly check your statements for accuracy. Third-Party Fees: Onyx Markets isnt responsible for extra fees charged by banks or financial services for transferring funds. Additional Costs: Youre responsible for any commissions, transaction taxes, stamp duties, and government fees based on your trading activities and jurisdiction. Disclosure: Any third-party fees or benefits received by Onyx Markets will be disclosed upon request.Trading Platform Onyx Markets utilizes MetaTrader 5 (MT5) as their trading platform. MT5 is provided by the third-party company MetaQuotes, and Onyx Markets retains the right to use and access this platform. Clients are responsible for familiarizing themselves with all aspects of the platform before attempting to trade on it. Trading PlatformSupported Available Devices Suitable for MT5✔Desktop, Mobile, WebExperienced trader MT4✔Desktop, Mobile, WebBeginner Trading View❌Desktop, Mobile, Tablets, WebBeginnerDeposit and Withdrawal Traders have the right to deposit and withdraw funds via methods specified on the Trading Platform. Key points include: Deposits and withdrawals must be made using accounts in the client's name.The processing time for deposits and withdrawals may vary depending on the method used.