Onvista bank Forex Broker provides real users with 1 positive reviews, * neutral reviews and * exposure review!
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I had an issue with the withdrawal of some funds but it was due to a misunderstanding. Thanks to customer service this was soon resolved and I received my money in a couple of days! Well done! An amazing experience!!
Summary: Onvista Bank has garnered mixed reviews from users and experts alike, with notable strengths in its trading conditions and account types, but significant concerns regarding its regulatory status and customer service. This review highlights key features, including its competitive pricing structure and the wide range of available trading instruments.
Note: It's important to recognize that Onvista Bank operates under different entities across regions, which can affect user experience and regulatory oversight. This review aims to provide a fair and accurate assessment based on multiple sources.
| Criteria | Rating (out of 10) |
|---|---|
| Account Conditions | 7 |
| Tools and Resources | 6 |
| Customer Service and Support | 5 |
| Trading Setup (Experience) | 6 |
| Trust Level | 4 |
| User Experience | 5 |
We score brokers based on user feedback, expert analysis, and factual data from various sources.
Established in 1997 originally as Fimatex, Onvista Bank has evolved into a well-known online broker under the Comdirect Bank AG umbrella. It operates primarily in Germany and offers a range of trading platforms, including its proprietary GTS software. The broker provides access to various asset classes, including stocks, funds, CFDs, options, and warrants. However, it is important to note that Onvista Bank is not regulated by a major financial authority, which raises concerns about investor protection.
Onvista Bank is headquartered in Frankfurt, Germany, and is a brand of Comdirect Bank AG. However, it operates as an unregulated entity, which means it lacks the oversight typically provided by regulatory bodies like BaFin. This lack of regulation can expose traders to higher risks. According to WikiFX, Onvista Bank has a "suspicious regulatory license" and a low risk management index, which suggests potential vulnerabilities in protecting investors' interests.
Users can deposit and withdraw funds in euros, with no minimum deposit required to open an account. This flexibility is appealing for new traders looking to start without a significant upfront investment. However, the absence of a robust regulatory framework may deter some investors from committing their funds.
While Onvista Bank does not prominently feature bonuses or promotions, it does offer a free trading account with a fixed fee of €5 per trade. This pricing model is favorable for frequent traders, as it allows for predictable costs regardless of the trade volume.
Onvista Bank provides a diverse range of tradable assets, including stocks, ETFs, options, futures, and CFDs. With access to over 18,000 funds, it allows users to diversify their portfolios effectively. The broker's offerings are competitive, especially for those interested in trading derivatives and structured products.
Onvista Bank employs a flat fee structure, charging €5 per trade plus additional trading venue fees. This model is straightforward and beneficial for active traders. However, the lack of an investor compensation scheme raises concerns about the safety of funds in case of financial difficulties.
For CFD trading, Onvista Bank offers leverage ranging from 1:5 to 1:30, depending on the asset class. While this can amplify potential gains, it also increases the risk of significant losses, particularly for inexperienced traders.
Traders can access Onvista Bank's services through various platforms, including web trading, mobile web trading, and the GTS trading software. The mobile platform is designed for ease of use, allowing traders to manage their investments on the go.
Onvista Bank's services may be restricted in certain regions, particularly for users outside of Germany. This limitation can affect accessibility for potential international clients.
Customer support is primarily available in German, which may be a barrier for non-German speaking users. The support team can be reached via phone and email, but user reviews indicate that response times can be slow, leading to frustration among clients.
| Criteria | Rating (out of 10) |
|---|---|
| Account Conditions | 7 |
| Tools and Resources | 6 |
| Customer Service and Support | 5 |
| Trading Setup (Experience) | 6 |
| Trust Level | 4 |
| User Experience | 5 |
Onvista Bank offers competitive account conditions with no minimum deposit and a fixed trading fee structure. However, the lack of regulatory oversight is a significant drawback, as highlighted by various sources.
While the GTS trading software provides advanced tools for experienced traders, user feedback suggests that the overall resource offerings could be improved, particularly in terms of educational materials.
Customer service has received mixed reviews, with users reporting delays in response times. This aspect is crucial for traders who may require immediate assistance during trading hours.
The trading experience is generally positive, with a user-friendly interface and multiple trading options. However, technical issues have been reported, particularly during high-traffic periods.
Given the unregulated status of Onvista Bank, its trust level is relatively low compared to regulated brokers. This aspect is critical for traders prioritizing the safety of their investments.
Overall, user experiences vary widely. While some appreciate the straightforward fee structure and range of available assets, others express concerns about customer service and technical reliability.
In conclusion, the Onvista Bank review for 2025 reveals a broker with competitive pricing and a diverse offering of assets but significant concerns regarding regulatory oversight and customer support. Prospective traders should weigh these factors carefully before choosing to engage with Onvista Bank.
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