OnEquity is a forex broker that was officially registered on May 11, 2011, and primarily offers financial trading services, including forex, commodities, precious metals, stocks, contracts for difference (CFDs), indices, and cryptocurrencies. The company's headquarters address is undisclosed. OnEquity does not provide services to jurisdictions where it may violate local laws or regulations, including but not limited to the United States, Canada, North Korea, Yemen, Iran, Belgium, Syria, and other jurisdictions.
Corporate registration information and regulatory status:
OnEquity's registered entity in Seychelles is Meritfox Investments Ltd, with a registered address at CT House, Office 6C, Providence, Mahe, Seychelles, and a registration number of 810588. This entity is authorized and regulated by the Financial Services Authority (FSA) of Seychelles, with license number SD154.
Account Opening:
To open an account with OnEquity, users can visit the broker's official website, click on "Start trading" on the homepage, or use the "Open Account" option in the upper right corner of the website. They need to fill out the account registration form and submit it. After submission, the broker will send a confirmation link to the email provided by the user. Clicking on this link completes the registration, and users can then log in to their accounts. Full identity verification is required before making deposits and conducting trades.
Account Types:
OnEquity offers three types of trading accounts: Plus Account, Prime Account, and Elite Account.
- Plus Account: Minimum deposit of $25, supports USD, EUR, JPY as base currencies, offers floating spreads with a minimum of 1 pip, operates with STP/ECN execution, maximum leverage of 1:500, no trading commissions, minimum trade volume of 0.01 lots, supports all trading strategies, provides negative balance protection and Islamic accounts, unlimited maximum order size, margin call/stop-out levels set at 70%/30%, does not support hedging, raw spreads, or private client manager services, and offers personalized customer support and educational resources. Deposits and withdrawals are fee-free
- Prime Account: Minimum deposit of $1000, supports USD, EUR, JPY as base currencies, offers floating spreads with a minimum of 0.2 pips, operates with STP/ECN execution, maximum leverage of 1:500, charges $4 per lot traded, minimum trade volume of 0.01 lots, supports all trading strategies, provides negative balance protection and Islamic accounts, unlimited maximum order size, margin call/stop-out levels set at 70%/30%, does not support hedging, raw spreads, or private client manager services, and offers personalized customer support and educational resources. Deposits and withdrawals are fee-free.
- Elite Account: Minimum deposit of $5000, supports USD, EUR, JPY as base currencies, offers floating spreads with a minimum of 0.0 pips, operates with STP/ECN execution, maximum leverage of 1:500, charges $7 per lot traded, minimum trade volume of 0.01 lots, supports all trading strategies, provides negative balance protection and Islamic accounts, unlimited maximum order size, margin call/stop-out levels set at 70%/30%, does not support hedging but offers personalized customer support, educational resources, raw spreads, and private client manager services. Deposits and withdrawals are fee-free.
Trading Platform:
OnEquity provides users with the MT4 and MT5 trading platforms.
Deposits and Withdrawals:
OnEquity supports various methods for deposits and withdrawals, including bank wire transfers, credit/debit cards, e-wallets, and local payments.
Summary:
OnEquity is categorized as an offshore-regulated broker with relatively weak regulatory oversight. The broker is marked as "operating normally" on Traderknows. Investors should be aware of the offshore regulatory status of OnEquity.
