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.
OnEquity is registered as a securities dealer in the Seychelles and is regulated by the Seychelles Financial Services Authority (FSA). The broker provides access to various trading instruments, including Forex, stocks, cryptocurrencies, and indices traded via MetaTrader 4 and MetaTrader 5 platforms. Minimum spreads start at 0 pips and leverage up to 1:1000 is available.
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
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4-star
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3-star
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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, OANDA and FOREX.com, 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
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of OnEquity with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, OnEquity’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
OnEquity Standard spreads OnEquity OANDA FOREX.com EUR/USD min, pips 1.5 0.1 0.7 EUR/USD max, pips 2.6 0.5 1.2 GPB/USD min, pips 1.8 0.1 0.9 GPB/USD max, pips 3.0 0.5 1.4 RAW/ECN Account Commission And Spread
The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.
OnEquity RAW/ECN spreads OnEquity OANDA FOREX.com Commission ($ per lot) The commission is the fee charged by the broker for trading one standard forex lot (100,000 units of the base currency). 3.5 5 EUR/USD avg spread 0.1 0.15 0.2 GBP/USD avg spread 0.2 0.2 0.4 Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with OnEquity. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
OnEquity Non-Trading Fees OnEquity OANDA FOREX.com Deposit fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks. 0 0-15 0 Inactivity fee ($, per month) 0 0 15 -
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
OnEquity Regulators and Investor Protection Abbreviation Full Name Country of regulation Investor Protection Fund Regulation Level 
FSCA SA Full Name Financial Sector Conduct Authority of South Africa Country of regulation South Africa Investor Protection Fund No specific fund Regulation Level Tier-2 
FSC (Mauritius) Full Name Financial Services Commission of Mauritius Country of regulation Mauritius Investor Protection Fund No specific fund Regulation Level Tier-3 
FSA (Seychelles) Full Name Financial Services Authority of Seychelles Country of regulation Seychelles Investor Protection Fund No specific fund Regulation Level Tier-3 OnEquity Security Factors Foundation date - Negative balance protection YesVerification (KYC) Yes -
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.
- Standard account with balanced trading conditions
- Low minimum deposit
- Tight spread ECN account
- No VIP account option
- No Demo account
OnEquity account types vs top competitors OnEquity Trading.com Plus500 Standard YesYesYesECN/Raw spread YesNoNoDemo NoYesYesCent NoNoNoMicro NoNoNoSwap Free NoNoNoVIP NoNoNoManaged NoNoNoOnEquity accounts trading conditions
OnEquity offers several account types designed for trading different asset classes. The available options include:
Account Type Description Plus The minimum deposit is $25;
The minimum spread is 1.5 pips;
The commission is $0 per lot;
Available trading platforms are MT4 and MT5;
Leverage is up to 1:1000.Prime The minimum deposit is $1,000;
The minimum spread is 0.4 pips;
The commission is $5 per lot;
Available trading platforms are MT4 and MT5;
Leverage is up to 1:1000.Elite The minimum deposit is $5,000;
The minimum spread is 0 pips;
The commission is $5 per lot;
Available trading platforms are MT4 and MT5;
Leverage is up to 1:1000. -
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.
OnEquity provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.
- No withdrawal fee
- USDT (Tether) supported
- Bank card deposits and withdrawals
- No deposit fee
- Only major base currencies available
- Limited deposit and withdrawal flexibility, leading to higher costs
- PayPal not supported
What are OnEquity deposit and withdrawal options?
OnEquity provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire, Skrill, Neteller, BTC, USDT, Ethereum.
OnEquity Deposit and Withdrawal Methods vs Competitors OnEquity Trading.com Plus500 Bank Wire YesYesYesBank card YesYesYesPayPal NoNoYesWise NoNoNoBTC YesNoNoWhat are OnEquity base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs. OnEquity supports the following base account currencies: USD.
What are OnEquity's minimum deposit and withdrawal amounts?
The minimum deposit on OnEquity is $50, while the minimum withdrawal amount is $50. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact OnEquity’s support team.
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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.
- Crypto trading
- Indices trading
- Copy trading platform
- Limited asset selection
- Bonds not available
Supported markets vs top competitors
We have compared the range of assets and markets supported by OnEquity with its competitors, making it easier for you to find the perfect fit.
OnEquity Trading.com Plus500 Currency pairs 27 69 60 Total tradable assets The total tradable assets listed include all available instruments, including CFDs. Due to regional restrictions, certain CFDs may not be offered in some countries. For example, cryptocurrency CFDs are banned in the UK, and the U.S. has restrictions on CFDs. 69 2800 Stocks YesNoYesCommodity futures YesNoYesCrypto Cryptocurrency CFDs are restricted or prohibited in certain regions due to regulatory limitations. These include the United Kingdom, China, Egypt, the United States and Canada. YesNoYesStock indices YesNoYesOptions NoNoYesInvestment options
We also explored the trading assets and products OnEquity offers for beginner traders and investors who prefer not to engage in active trading.
OnEquity Trading.com Plus500 Bonds NoNoNoETFs NoNoYesCopy trading YesNoNoPAMM investing YesNoNoManaged accounts NoNoNo -
Trading Account Opening
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 /10We 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. This is one of the most accessible and hassle-free onboarding procedures on the market.
- Low minimum deposit requirement
- Fully online account opening process
- Fast registration time (up to 15 minutes)
- Account approval may require extra time depending on the documentation.
OnEquity account opening OnEquity Trading.com Plus500 Online Registration YesYesYesMinimum deposit $50 $50 $100 Mandatory KYC YesYesYesRegistration time (min) 10 20 KYC time (days) 2 2 3 Is OnEquity available in my country?
If you are a citizen of United States, the broker accepts clients from your country.
Please note that availability may vary due to regulatory requirements, so we recommend confirming directly with the broker for the most accurate and up-to-date information.
Account opening details
To create a user account with OnEquity, simply come up with a username and password. The process is as follows:
- Choose the account type that aligns with your investment goals.
- Fill in the registration form with your personal information and create a secure password.
- Upload the required documents confirming your identity and address.
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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 /10OnEquity demonstrates a low level of customer support reliability. Contacting support can be difficult, and responses may be significantly delayed or incomplete.
During testing, managers were slow to respond or failed to provide sufficient assistance. Such a support level may create risks for traders who require timely issue resolution.
InformationOnEquity provides 24/5 client support and is unavailable on national holidays.
- Multilingual client support
- The call center is available
- Online support is accessible only within business hours
- The broker's office can only be visited by appointment
Available communication channels include:
- Hotline;
- Email;
- Feedback form on the website.
Contacts Registration address Saint Vincent and the Grenadines Regulation FSC (Mauritius), FSA (Seychelles), FSCA (South-Africa) Licence number:
GB23201814, SD154, 53187Official site www.onequity.com Contacts support@onequity.com +2484671965
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FAQs
How secure is trading with OnEquity in terms of regulation and safety measures?
OnEquity has a safety score of 6.2/10, which corresponds to a Medium security level in the reviewed methodology. It is regulated by the FSCA in South Africa (Tier-2) and by the FSC (Mauritius) and FSA (Seychelles) (both Tier-3), offers negative balance protection and KYC verification, but does not participate in a specified investor protection fund and has a track record of less than 8 years.
What commissions and trading fees does OnEquity charge on its forex accounts?
According to the review, OnEquity’s overall fee level is rated as Low, with a fees score of 8/10 and no inactivity, deposit, or withdrawal fees reported. For Standard accounts, typical EUR/USD spreads range from 1.5 to 2.6 pips and GBP/USD from 1.8 to 3.0 pips, while RAW/ECN accounts show average spreads of 0.1 pips on EUR/USD and 0.2 pips on GBP/USD plus a commission per lot.
What do user reviews say about overall satisfaction with OnEquity?
OnEquity has a user satisfaction score of 6.7/10 based on 3 reviews, with 33% of ratings at 4 stars and 67% at 3 stars, and no 1- or 2-star ratings reported. According to user reviews, overall sentiment appears mixed rather than strongly positive or negative.
What deposit and withdrawal options and limits are available at OnEquity?
OnEquity supports deposits and withdrawals via Bank Card, Bank Wire, Skrill, Neteller, BTC, USDT, and Ethereum, with no deposit or withdrawal fees indicated in the review. The minimum deposit and withdrawal amounts are both $50, and USD is listed as the available base account currency, while BTC is not available as a base currency and Wise is not supported.
What do reviews and feedback indicate about the reliability of OnEquity customer support?
The customer support of OnEquity is rated with a low safety score of 1.1/10, and the review notes that contacting support can be difficult, with responses sometimes delayed or incomplete. Support is described as multilingual and available 24/5 via hotline, email, and a website feedback form, but online support is limited to business hours and office visits require an appointment.
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