Company Profile
Company Profile
Review summary
| OnFin Review Summary | |
| Founded | 2024 |
| Registered Country/Region | Comoros |
| Regulation | No regulation |
| Market Instruments | Stocks, currencies, commodities, cryptos, and indices |
| Demo Account | ✅ |
| Leverage | Up to 1:3000 |
| Spread | Fixed 2.4 pips (Standard account) |
| Trading Platform | MT4, MT5 |
| Minimum Deposit | $1 |
| Customer Support | Email: europe@onfin.io, hongkong@onfin.io |
| Twitter, Telegram, Instagram | |
| Regional Restrictions | The USA, DPRK |
OnFin ltd is registered and licensed in the island of mohsamli, Union of the Comoros. It offers ultra high-speed processing of orders (less than 1 ms) and spreads from 0.1 pips through MT4 and MT5 platform. It also offers many types accounts with different minimum deposit requirement. However, it is not regulated.
Here is the home page of this brokers official site:
Pros and Cons
| Pros | Cons |
| Security methods provided | No regulation |
| MT4 and MT5 offered | Regional restrictions |
| Various trading instruments | Commission charged |
| Demo accounts | |
| Multiple account types | |
| Low minimum deposit |
Is OnFin Legit?
OnFin claims they use secure connections technology (SSL). SSL-technology provides effective protection of information received from possible interception by third parties. However, they have no regulations.
What Can I Trade on OnFin?
OnFin offers stocks, currencies, commodities, cryptos, and indices trading.
| Tradable Instruments | Supported |
| Forex/Currencies | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Cryptocurrencies | ✔ |
| Stocks | ✔ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
| Mutual Funds | ❌ |
Account Type
For MT4, OnFin offers four account types: ECN, FIX, MINI, and COPY accounts. They require the minimum deposits of $50, $50, $1, and $100 respectively.
| Account Type | Minimum Deposit |
| ECN | $50 |
| Standard | $100 |
| Copy | $100 |
For MT5 trading platform, it offers three kinds of account types including ECN, Standard, and Copy accounts with minimum deposit of $50, $100, and $100 respectively.
| Account Type | Minimum Deposit |
| ECN | $50 |
| FIX | $50 |
| MINI | $1 |
| COPY | $100 |
Leverage
The ECN account comes with a leverage of 1:1000. The Standard account offers a higher leverage of 1:3000. Lastly, Copy accounts also have 1:1000 leverage.
| Account Type | Maximum Leverage |
| ECN | 1:1000 |
| Copy | |
| MINI | |
| Standard | 1:3000 |
| FX |
Besides, different trading instruments offer different leverages. For example,
| Asset Type | Fixed Leverage |
| Metals, Indices, Commodities | 1:10 |
| Shares | |
| Cryptocurrencies | 1:100 (BTC/USD, ETH/USD)/ 1:10 (other cryptocurrencies) |
| Shares | 1:1 |
OnFin Fees
OnFin ECN offers many accounts with different spreads and commissions.
| Account Type | Spread | Commission |
| ECN | From 0 pips | $4 per lot |
| Standard | Fixed 2.4 pips | 0 |
| ECN | From 0 pips | $4 per lot |
| FIX | From 3 pips | 0 |
| MINI | Fixed 2.4 pips | |
| COPY |
Trading Platform
OnFin offers MT4 and MT5 trading platforms.These platforms are not just simple trading tools; they are comprehensive ecosystems that a wide range of traders are available, from novices taking their first steps in the market to seasoned professionals with years of experience.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Windows, iOS, Android | Beginners |
| MT5 | ✔ | Windows, iOS, Android | Experienced traders |
Deposit and Withdrawal
OnFin offers bank transfer, cards (Mastercard, Visa), and e-wallets to make a deposit and withdrawal. E-wallets include bitcoin, sticPay, Transfer yoomoney, USDT ERC20, and TRC20.
Deposit Options
| Deposit Options | Deposit Fee | Deposit Time |
| Bank transfer | 0 | 0.04 - 1 work days |
| Cards | ||
| E-wallets |
Withdrawal Options
| Withdrawal Options | Minimum Withdrawal | Withdrawal Fee | Withdrawal Time |
| Local withdraw Cambodia | 10 USD | 0 | 0.04 - 1 work days |
| AwPay | 15 USD | 1 - 5 work days | |
| Cards | 5-20 USD | ||
| E-wallets | 1000- 1,000,000 USD |
