OnEquity
Minimum Spread : VariableFoundation Year : 2022
Min Deposit $ 200
onEquity
OnEquity was founded in 2022 and is based in Mahé Island in the Seychelles. Clients can access CFDs on forex, indices, commodities, shares, and cryptocurrencies via the MetaTrader 4 and MetaTrader 5 platforms.
OnEquity also specializes in PAMM services for money managers, working with Introducing Brokers. Tight spreads in some major instruments, low account-related fees, and easy deposits and withdrawals are among the highlights of this broker.
OnEquity: Pros & Cons
✅ Tight spreads on commodities and indices
✅ Raw Spreads Account available
✅ Fast order execution
✅ Copy trading options
✅ PAMM service for money managers
✅ Cryptocurrency trading available 7 days a week
✅ Micro-lot trading supported
❌ Limited educational resources
❌ No live chat support
OnEquity Key Insights
- Account Security: All three OnEquity entities offer negative balance protection and segregated funds, although two are based offshore.
- Spreads: Live tests showed competitive spreads on some assets like gold, while others, such as EUR/USD, were closer to the industry standard.
- MetaTrader Access: Clients can use the full MetaTrader suite, including MT4 and MT5 for desktop, web, and mobile. Automated trading is available through expert advisors, copy trading, and PAMM services.
- Customer Support: Email support proved reliable during a two-week test, but responses via live chat and phone were unavailable.
- Educational Resources: The recently launched educational section currently includes only a few introductory trading articles.
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