Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
OnEquity Pros & Cons
- FSA regulated;
- Provides a variety of trading instruments;
- Low spreads;
- High leverage;
- Availability of popular trading platforms;
- 24/5 client support.
- Limited regulatory oversight compared to larger financial companies;
- Regional restrictions apply in the U.S. and Canada.
TU Expert Verdict
OnEquity carries a higher degree of risk. My review and user feedback point to noticeable performance issues and limitations. It may be appropriate only for experienced traders who fully understand the risks and are prepared for potential instability.
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OnEquity User Reviews
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5-star
0%
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4-star
33%
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3-star
67%
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2-star
0%
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1-star
0%
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Commissions and Fees
Score:We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria8 /10The trading and non-trading commissions of OnEquity have been analyzed and rated as having Low fees, with a fees score of 8/10. Additionally, these commissions were compared with those of the top two competitors, ZForex and OANDA, to provide the most comprehensive information.
- Low Forex trading fees
- Tight EUR/USD market spread
- No inactivity fee
- No deposit fee
- No withdrawal fee
- Complex fee structure
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Is OnEquity Safe?
Score:We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria6.2 /10OnEquity has a safety score of 6.2/10, which corresponds to a Medium security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Is regulated
- Negative balance protection
- Not tier-1 regulated
- Track record of less than 8 years
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Account Types
Score:We evaluate a broker’s account offering by analyzing the range and suitability of available account types and how effectively they cater to different trader profiles and strategies. Our assessment covers the diversity of account options — including Standard, ECN/Raw, Cent, Swap-Free (Islamic), and VIP accounts — as well as the flexibility of trading conditions provided. Learn the assessment criteria.3.2 /10OnEquity offers the following account options: Standard, ECN/Raw spread.
However, it does not provide a Cent account, which can be a disadvantage for beginners looking to practice with minimal risk.
- Tight spread ECN account
- Low minimum deposit
- Standard account with balanced trading conditions
- Micro lots are not available
- No VIP account option
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Deposit and Withdrawal
Score:This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology6.3 /10OnEquity received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
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Markets and Tradable Assets
Score:The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change. Learn the assessment criteria4.8 /10OnEquity offers a limited selection of trading assets compared to the market average. The platform supports 0 assets in total, including 27 Forex pairs.
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Trading Account Opening
We successfully registered an account with OnEquity in 10 minutes. The KYC verification was completed within 2 business days. The minimum deposit amount at OnEquity is $50.Score:We evaluated Trading Account Opening at OnEquity by testing the registration process under real conditions, including opening an account and funding it with the minimum required deposit (but no less than $100). Our assessment considered whether onboarding was fully online, the average registration time, the speed of KYC verification, and how quickly traders could activate their accounts. Learn the assessment criteria.9 /10This is one of the most accessible and hassle-free onboarding procedures on the market.
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Customer Support
Score:We evaluated Customer Support at OnEquity by opening a real account funded with the minimum required deposit (no less than $100) and contacting support to measure response time under real conditions. Our assessment considered contact channels, response speed, multilingual support, and availability hours. Learn the assessment criteria1.1 /10
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FAQs
How are trading commissions and non-trading fees structured at OnEquity?
OnEquity is rated as having low overall fees, with a fees score of 8/10, and charges no deposit, withdrawal, or inactivity fees according to the review. For trading, Standard accounts include commissions within floating spreads (for example, EUR/USD typically ranges from 1.5 to 2.6 pips), while ECN/RAW accounts use tight market-based spreads (around 0.1 pips on EUR/USD and 0.2 pips on GBP/USD) plus a commission per lot, though the exact commission amount for OnEquity’s ECN/RAW accounts is not specified in this section.
What account types and trading conditions does OnEquity provide for different trader profiles?
OnEquity offers Standard and ECN/Raw spread account categories, with specific Plus, Prime, and Elite options that differ mainly by minimum deposit, spreads, and commissions. For example, Plus requires a $25 minimum deposit with 1.5 pip minimum spreads and no commission, while Prime and Elite require $1,000 and $5,000 respectively, offer spreads from 0.4 pips or 0 pips, and charge a $5 commission per lot, all with leverage up to 1:1000 and MT4/MT5 access; the broker does not provide Cent, Micro, Demo, Swap Free, VIP, or Managed accounts according to this section.
What do OnEquity user reviews and feedback indicate about client satisfaction?
Based on available user reviews, OnEquity has a user satisfaction score of 6.7/10 from three reviews, with 33% 4-star and 67% 3-star ratings and no 5-star, 2-star, or 1-star scores. This distribution suggests a mixed overall impression, where users are moderately satisfied but do not rate their experience as outstanding or very poor.
Which markets and instruments can traders access with OnEquity, according to reviews and platform information?
OnEquity supports 27 currency pairs and provides access to several other markets, including stocks, commodity futures, cryptocurrencies, and stock indices, while options and ETFs are not available. The broker also offers copy trading and PAMM investing but does not list bonds or managed accounts in this section, and the total number of tradable assets is described as limited compared with the market average.
What do reviews and feedback say about OnEquity’s customer support availability and quality?
According to the review, OnEquity’s customer support reliability is rated low, with reports of slow responses and assistance that may be delayed or incomplete. The broker provides multilingual 24/5 support via hotline, email, and a website feedback form, but online support is limited to business hours and office visits are by appointment only, and support is unavailable on national holidays.
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