Origins and History
OnEquity is a new brokerage that was newly established to deliver groundbreaking and transparent trading solutions for clients globally. It has created a user-friendly platform that offers completion, a wide variety of financial instruments, and competitive conditions in trading.
Mission and Vision
At OnEquity, the aim is democratizing trading—the opening up of access to financial markets through cheaper and reliable trading services. It is envisioned for empowerment of all traders with the tools and resources they can use to adapt their trading strategies to the dynamic financial markets.
Global Presence
It serves clients from different parts worldwide with its specific services catered and supported by multilingual support agents in almost all languages spoken among its client base.
Pros and Disadvantages
Strengths
- Robust Equinix data center
- Advanced MetaQuotes platforms
- Spreads as low as 0.0 pips
- Dynamic leverage options of up to 1:1000
Weaknesses
- Lack of top-tier licensing
- Limited asset offerings (300+)
- No TradingView support
- High entry barrier ($25)
Security and Regulations
OnEquity operates as an offshore broker and is not regulated by some of the top-tier financial regulators; however, the accommodating factor is the transparency that the broker wants to maintain in the conduct of their business.
Separate funds/accounts and insurance
There are segregated accounts for storing clients' funds for adding to their own securities. Also, the OnEquity offers protection from negative balances so that further deposit will not be lost other than that deposited in the account.
Tradable Items
Currency Pairs
There are cash transactions done for more than 50 currency pairs-top, major, and exotic pairs-which seem to have slight spreads and liquidity levels at their high points.
Commodities
The broker gives access to such commodities as gold, silver, crude oil, and natural gas to build a well-thought-out diversified portfolio.
Indices
Clients can also trade a number of global indices belonging to such financial markets as NASDAQ, S&P 500, FTSE 100, and DAX.
Cryptocurrencies
OnEquity supports all major cryptocurrencies, such as BTC, ETH, XRP, and LTC.
Account Types
Plus
| Minimum deposit | 0 |
|---|---|
| Commission | 1.5 |
| Available tools | 0 |
| Leverage, min | 1:1 |
| Leverage, max | 1:1000 |
| Margin call level | 70 |
| Stop-out level | 30 |
Prime
| Minimum deposit | 0 |
|---|---|
| Commission | 0.4 |
| Available tools | 0 |
| Leverage, min | 1:1 |
| Leverage, max | 1:1000 |
| Margin call level | 70 |
| Stop-out level | 30 |
Elite
| Minimum deposit | 0 |
|---|---|
| Commission | 0.0 |
| Available tools | 0 |
| Leverage, min | 1:1 |
| Leverage, max | 1:1000 |
| Margin call level | 70 |
| Stop-out level | 30 |
Rates and Charges
Swaps and Commissions
Standard accounts receive 1.2 spreads inclusive on trades and have 0.0 on ECN accounts, which are charged for small commissions per trade on ECN Accounts.
Swap Rates
Details for the specialized swaps are already available on the platform for positions kept open during the night. Additionally, swap-free services are available for Islamic accounts.
Inactivity Fees
Inactivity charges kick in after a stipulated period has passed during which transactions have not been executed.
Construction Platforms
Metatrader 4 and 5
MetaTrader 4 (MT4) and MetaTrader 5 (MT5) are the two platforms supported by OnEquity; they have quite advanced charting tools and automatic trading services that are hard to beat.
Mobile Applications
Both the App Store and Google Play have mobile apps, enabling traders to access trading account management online through real-time data inputs.
WebTrader
Direct trading from the web browsers via the WebTrader ensures the most straight and user-friendly interface as well as necessary tools to check the trades and orders.
Customer Care
Steps to register
Fill out the online registration form, select the account type you prefer, and upload the needed verification documents to open an account with OnEquity.
Verification Requirements
Each document should pertain to one's identity, such as passport or government ID proof, and one's address, such as a utility bill or bank statement, which would be required to comply with all know-your-client standards.
| Website | |
|---|---|
| Address | CT House, Office 6C, Providence, Mahe, Seychelles |
| Headquarters | Seychelles |
| Telephone | 2484671965 |
| Customer support | 24/5 - phone, email, chat |
| Partner programs | Yes |
Cash In and Cash Out
Payment Channels
This field accepts most fund transfer options from bank transfer to credit/debit cards and e-wallets such as Skrill, Neteller, and cryptocurrencies.
Time Frame
Deposits are instant and are undergoing processes, while withdrawals just take a maximum of three working days, depending on the mode of payment used.
Cost Imposed
Most deposits carry no fees, but withdrawals have charges in some instances. Further details are available for the interested client.
FAQ
Is the broker regulated?
OnEquity operates as an offshore company and is not regulated by major financial regulatory authorities.
What are the trading platforms available?
OnEquity offers MetaTrader 4, MetaTrader 5, WebTrader, and mobile trading apps for Android and iOS.
How much deposit does a person need to open an account?
The minimum deposit required to open an account with OnEquity is $10, making it accessible for traders of all levels.
What kinds of accounts does the company provide to the trader?
OnEquity offers Standard, ECN, Islamic, and Demo accounts, tailored to meet individual trading needs.
How much do they charge in fees and commissions?
OnEquity charges spreads starting at 1.2 pips for Standard accounts, raw spreads with a commission for ECN accounts, and swap fees for overnight positions.
How far can the leverage be stretched?
Leverage of up to 1:500 is available, depending on the account type and trading instrument.
Is there a demo account possible?
Yes, OnEquity provides a Demo account with virtual funds, allowing traders to practice and test strategies without financial risk.
How do clients connect with customer support?
Clients can contact OnEquity's customer support via phone, email, or live chat during business hours.