OnEquity

Overview of OnEquity

OnEquity, a trading platform affiliated with OnEquity Ltd, based in Seychelles, operates under the regulatory authority of the Seychelles Financial Services Authority (FSA) with license number SD154. The platform offers access to various market instruments, including Forex currencies, commodities, global indices, stock CFDs, spot metals, and cryptocurrency CFDs. It boasts low pricing and leverage options for Forex currency pairs, enhancing trading opportunities across different asset classes.

OnEquity provides three account types: Plus, Prime, and Elite, each requiring varying minimum deposits and offering different spreads, commissions, and trading instruments. The registration process is straightforward, requiring users to provide personal information and agree to the platform's terms and policies. OnEquity offers commission-free trading with spreads starting from 0.0 pips. The minimum deposit required to access trading activity is 25 USD, and the platform supports various deposit and withdrawal methods. Traders can access the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms for versatile cross-trading experiences.

Pros and Cons

OnEquity presents several advantages, including regulation by Seychelles FSA and a diverse range of trading instruments. It offers multiple account types with protective features, a low minimum deposit of $25, and low spreads with no commissions. Traders can access MetaTrader platforms and benefit from educational tools and various customer support channels. However, potential drawbacks include a potentially questionable regulatory status, the absence of a demo account, a high minimum deposit requirement for the Elite account, varying leverage levels, limited contact options, and a lack of detailed platform information.

Is OnEquity Legit？

OnEquity, owned and operated by the company OnEquity Ltd, is regulated by the Seychelles Financial Services Authority (FSA) with license number SD154.

Market Instruments

Forex Currencies: OnEquity provides access to the Forex market, offering a wide range of major, minor, and exotic currency pairs. Traders can benefit from low pricing with spreads starting as low as 0.1 pips on EUR/USD. Additionally, leverage options of up to 1:500 are available for these currency pairs, enhancing trading opportunities.

Commodities: The platform allows traders to engage in the trading of various commodities, including natural gas, wheat, crude oil, and cotton. These commodities are widely traded globally, making them suitable for both market speculation and portfolio hedging strategies.

Global Indices: With OnEquity, traders can access a diverse selection of global indices through a single trading platform. This includes popular indices from the EU, Asia, and the USA, such as NASDAQ 100 and GER40. Trading global indices provides opportunities for diversification and exposure to different markets.

Stock CFDs: OnEquity offers the trading of Contract for Difference (CFD) instruments on a wide range of stocks listed on major exchanges like NYSE, Euronext, and NASDAQ. Traders can enjoy superior execution and low pricing while investing in well-known companies such as Tesla and Amazon. The platform also offers low margin requirements, making it accessible to a broad range of traders.

Spot Metals: Traders looking to invest in precious metals can trade Gold, Platinum, and other precious metal commodities through OnEquity. The platform offers ultra-low spreads, fast execution, and zero commissions for spot metals trading. Precious metals can serve as a valuable addition to a diversified investment portfolio and act as a hedge during periods of inflation.

Cryptocurrency CFDs: OnEquity enables traders to participate in the cryptocurrency markets through Contract for Difference (CFD) trading. Cryptocurrencies like Bitcoin and Ethereum are available with leverage options of up to 1:20. One notable advantage is that traders can engage in cryptocurrency trading without the need to maintain a separate crypto wallet.

Pros and Cons

Account Types

Plus Account: The Plus account requires a minimum deposit of 25 USD and supports base currencies such as USD, EUR, and JPY. It offers spreads as low as 1 pip with no commission applied. Traders can access a variety of trading instruments, with over 300 options. Market execution is carried out through STP/ECN, and the account allows a minimum lot size of 0.01. Margin call and stop-out levels are set at 70% and 30%, respectively. Plus accounts permit all trading strategies and come with negative balance protection.

Prime Account: For the Prime account, a higher minimum deposit of 1,000 USD is required, and it also supports base currencies like USD, EUR, and JPY. This account type offers even lower spreads, starting at 0.2 pips, with a commission of $4. Traders can access over 300 trading instruments, and market execution is handled through STP/ECN. The minimum lot size is 0.01, and margin call and stop-out levels are set at 70% and 30%, respectively. Like the Plus account, Prime accounts allow all trading strategies and provide negative balance protection.

Elite Account: The Elite account is the highest tier and requires a substantial minimum deposit of 10,000 USD, with base currencies including USD, EUR, and JPY. It offers the lowest spreads, starting from 0.0 pips, and charges a commission of $7. Traders have access to a wide range of over 300 trading instruments, and market execution is performed via STP/ECN. The minimum lot size remains at 0.01, and margin call and stop-out levels are set at70% and 30%. Elite accounts allow all trading strategies, come with negative balance protection, and provide a private account manager for personalized support.

Pros and Cons

How to Open an Account？

OnEquity offers a convenient process for opening a trading account, be beneficial to both individual and corporate clients.

1. Choose Account Type: Decide whether you are opening an account as an individual client or a corporate client.

2. Personal Information: Provide your first name, last name, and date of birth (including day, month, and year).

3. Contact Details: Enter your phone number and email address to ensure OnEquity can reach you regarding your account.

4. Location: Specify your location; for example, if you are in Hong Kong, select “Hong Kong, Hong Kongese” from the dropdown menu.

5. Promobox (Optional): If applicable, enter any promotional codes or special offers in the designated Promobox.

Leverage

OnEquity offers varying leverage levels for different asset classes. Traders can access up to 1:500 leverage for Forex currencies, up to 1:400 for Metals and Commodities, up to 1:200 for Indices, 20% margin for Stock CFDs, and up to 1:20 for Cryptocurrency CFDs.

Spreads & Commissions

OnEquity offers spreads starting from as low as 0.0 pips, and there are no commissions charged for trading on their platform. Trading with OnEquity is commission-free, which means there are no additional fees applied to trades conducted on their trading accounts.

Minimum Deposit

The minimum deposit required by OnEquity is 25 USD. Trading activity on the platform becomes accessible once this minimum deposit amount has been credited to your account.

Deposit & Withdrawal

OnEquity provides a detailed list of deposit and withdrawal methods on its official website, ensuring transparency and convenience for users. The options include E-Wallets, Local APMs (Alternative Payment Methods), Crypto Wallets, and Bank Wire transfers. Both deposits and withdrawals through these methods are free of transaction fees.

Additionally, for deposits only, OnEquity offers several other payment methods including VISA, Mastercard with a processing time of 24 hours, as well as FairPay and Epay which have a quicker processing time of 30 minutes.

Deposit

Withdrawal：

Trading Platforms

OnEquity offers a range of trading platforms designed to deliver a versatile cross-trading experience. These platforms can be accessed via the web, tablet, or mobile device. Traders have the option to utilize both MetaTrader 4 (MT4) and MetaTrader 5 (MT5) for their trading needs. These platforms provide a powerful multi-asset trading environment with features such as in-depth price analysis, multiple order types including pending orders, a wide selection of over 80 technical indicators, and various order execution options. Additionally, custom Expert Advisors can be applied to enhance trading strategies.

Furthermore, OnEquity's MetaTrader 5 (MT5) platform offers additional capabilities, including support for 4 types of pending orders and 30 technical indicators. These platforms empower traders with the tools needed to execute their strategies.

Educational Resources and Tools

OnEquity provides a comprehensive suite of educational resources designed to enhance the trading knowledge and skills of its clients. These resources include:

1. Market News: Stay updated with the latest happenings in the financial markets with timely and relevant news articles.

2. Analysis: Gain insights through detailed market analysis that helps in making informed trading decisions.

3. Tools:

1. Economic Calendar: Keep track of important economic events that can impact market movements.

2. Trader's Glossary: Familiarize yourself with trading terms and jargon to enhance your understanding of complex concepts.

3. Trading Calculators: Utilize various calculators for risk management, profit estimation, and more to optimize your trading strategies.

4. Webinars: Participate in webinars hosted by experienced traders and industry experts. These sessions cover a range of topics from basic trading principles to advanced strategies and market forecasts.

These educational tools are designed to support both novice and experienced traders by providing them with the necessary resources to navigate the markets effectively, understand market dynamics, and refine their trading tactics.

Customer Support

OnEquity offers customer support services with a 24/7 availability, ensuring assistance to traders during trading hours. You can reach their support team at their head office located at CT House, Office 6C, Providence, Mahe, Seychelles. Contact options include email support at support@onequity.com and phone support via +2484671965. Additionally, they can be found on various social media platforms such as LinkedIn, Instagram, Telegram, and YouTube for additional communication channels.

Conclusion

In conclusion, OnEquity operates under the regulatory authority of the Seychelles Financial Services Authority (FSA) with license number SD154. The platform offers access to various market instruments, including Forex currencies, commodities, global indices, stock CFDs, spot metals, and cryptocurrency CFDs, with low pricing and leverage options. However, there are indications that OnEquity may lack essential trading software, which necessitates caution when considering it as a trading platform. Additionally, the account types and educational tools provided have not been evaluated in this analysis. Traders should exercise caution and conduct thorough research before engaging with OnEquity to ensure their investment safety.

FAQs

Q: What is the full company name of OnEquity？

A: OnEquity operates under the full company name “OnEquity Ltd” in Seychelles.

Q: Is OnEquity regulated？

A: OnEquity operates under the regulatory authority of the Seychelles Financial Services Authority (FSA) with license number SD154.

Q: What trading instruments are available on OnEquity？

A: OnEquity offers a diverse range of trading instruments, including Forex currencies, commodities, global indices, stock CFDs, spot metals, and cryptocurrency CFDs.

Q: What are the account types offered by OnEquity？

A: OnEquity offers three account types: Plus Account, Prime Account, and Elite Account, each with different minimum deposit requirements and features.

Q: How do I open an account with OnEquity？

A: To open an account with OnEquity, visit their website, choose “Individual Client” registration, fill in your details, review and accept the terms and policies, and proceed with the registration process.