OnFin

joalund

1-2 anni

What account types does OnFin offer?

WikiFX Rispondi

OnFin offers multiple account types across both MT4 and MT5 platforms, including ECN, Standard, MINI, and COPY accounts. The ECN and COPY accounts require a $50 deposit, while the MINI account only requires $1, which is great for traders starting small. I find the flexibility in account types appealing, and I’d likely go for the MINI account to get started with minimal investment.

Broker Issues

OnFin

Instruments

Account

Leverage

Platform

06-19

Stati Uniti

WoodCrusher

1-2 anni

Does OnFin have any cons?

WikiFX Rispondi

OnFin’s major con is its lack of regulation. Without regulatory oversight, I’m concerned about the safety of my funds. Furthermore, the fixed spread of 2.4 pips on the Standard account seems a bit high, and the commission charges on the ECN account can add up quickly. The regional restrictions, especially in the USA and DPRK, might also limit access for some potential traders.

Broker Issues

OnFin

Regulation

06-03

Stati Uniti

Prash_007

1-2 anni

Is OnFin regulated?

WikiFX Rispondi

OnFin is not regulated. It is registered in the Comoros but does not have any valid regulatory oversight. As a trader, I always prioritize working with regulated brokers to ensure my funds are safe, so the lack of regulation in OnFin is a concern for me.

Broker Issues

OnFin

Regulation

06-02

Stati Uniti

Thanh Thao

1-2 anni

What are the pros of OnFin?

WikiFX Rispondi

OnFin has a few notable advantages. They offer a wide range of trading instruments like stocks, currencies, commodities, cryptos, and indices, which I find appealing for diversifying my portfolio. Additionally, they support both MT4 and MT5 platforms, which I personally prefer due to their user-friendly interfaces and advanced features. Their low minimum deposit requirement of $1 for the MINI account is another pro for new traders like me.

Broker Issues

OnFin

Regulation

04-29

Stati Uniti