Company Profile
Company Profile
Review summary
| OnFin Review Summary | |
| Founded | 2024 |
| Registered Country/Region | Comoros |
| Regulation | No regulation |
| Market Instruments | Stocks, currencies, commodities, cryptos, and indices |
| Demo Account | ✅ |
| Leverage | Up to 1:3000 |
| Spread | Fixed 2.4 pips (Standard account) |
| Trading Platform | MT4, MT5 |
| Minimum Deposit | $1 |
| Customer Support | Email: europe@onfin.io, hongkong@onfin.io |
| Twitter, Telegram, Instagram | |
| Regional Restrictions | The USA, DPRK |
OnFin ltd is registered and licensed in the island of mohsamli, Union of the Comoros. It offers ultra high-speed processing of orders (less than 1 ms) and spreads from 0.1 pips through MT4 and MT5 platform. It also offers many types accounts with different minimum deposit requirement. However, it is not regulated.
Here is the home page of this brokers official site:
Pros and Cons
| Pros | Cons |
| Security methods provided | No regulation |
| MT4 and MT5 offered | Regional restrictions |
| Various trading instruments | Commission charged |
| Demo accounts | |
| Multiple account types | |
| Low minimum deposit |
Is OnFin Legit?
OnFin claims they use secure connections technology (SSL). SSL-technology provides effective protection of information received from possible interception by third parties. However, they have no regulations.
What Can I Trade on OnFin?
OnFin offers stocks, currencies, commodities, cryptos, and indices trading.
| Tradable Instruments | Supported |
| Forex/Currencies | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Cryptocurrencies | ✔ |
| Stocks | ✔ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
| Mutual Funds | ❌ |
Account Type
For MT4, OnFin offers four account types: ECN, FIX, MINI, and COPY accounts. They require the minimum deposits of $50, $50, $1, and $100 respectively.
| Account Type | Minimum Deposit |
| ECN | $50 |
| Standard | $100 |
| Copy | $100 |
For MT5 trading platform, it offers three kinds of account types including ECN, Standard, and Copy accounts with minimum deposit of $50, $100, and $100 respectively.
| Account Type | Minimum Deposit |
| ECN | $50 |
| FIX | $50 |
| MINI | $1 |
| COPY | $100 |
Leverage
The ECN account comes with a leverage of 1:1000. The Standard account offers a higher leverage of 1:3000. Lastly, Copy accounts also have 1:1000 leverage.
| Account Type | Maximum Leverage |
| ECN | 1:1000 |
| Copy | |
| MINI | |
| Standard | 1:3000 |
| FX |
Besides, different trading instruments offer different leverages. For example,
| Asset Type | Fixed Leverage |
| Metals, Indices, Commodities | 1:10 |
| Shares | |
| Cryptocurrencies | 1:100 (BTC/USD, ETH/USD)/ 1:10 (other cryptocurrencies) |
| Shares | 1:1 |
OnFin Fees
OnFin ECN offers many accounts with different spreads and commissions.
| Account Type | Spread | Commission |
| ECN | From 0 pips | $4 per lot |
| Standard | Fixed 2.4 pips | 0 |
| ECN | From 0 pips | $4 per lot |
| FIX | From 3 pips | 0 |
| MINI | Fixed 2.4 pips | |
| COPY |
Trading Platform
OnFin offers MT4 and MT5 trading platforms.These platforms are not just simple trading tools; they are comprehensive ecosystems that a wide range of traders are available, from novices taking their first steps in the market to seasoned professionals with years of experience.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Windows, iOS, Android | Beginners |
| MT5 | ✔ | Windows, iOS, Android | Experienced traders |
Deposit and Withdrawal
OnFin offers bank transfer, cards (Mastercard, Visa), and e-wallets to make a deposit and withdrawal. E-wallets include bitcoin, sticPay, Transfer yoomoney, USDT ERC20, and TRC20.
Deposit Options
| Deposit Options | Deposit Fee | Deposit Time |
| Bank transfer | 0 | 0.04 - 1 work days |
| Cards | ||
| E-wallets |
Withdrawal Options
| Withdrawal Options | Minimum Withdrawal | Withdrawal Fee | Withdrawal Time |
| Local withdraw Cambodia | 10 USD | 0 | 0.04 - 1 work days |
| AwPay | 15 USD | 1 - 5 work days | |
| Cards | 5-20 USD | ||
| E-wallets | 1000- 1,000,000 USD |
Onocan Mihai
Romania
Be very careful with this broker – their withdrawal conditions are misleading and, in my opinion, abusive. After depositing funds, I attempted to make a withdrawal, only to be told that I cannot access my own money unless I trade a very high volume. Specifically, they require you to trade 3 full lots for every 100 USD you want to withdraw. This is an extremely unreasonable condition for most retail traders. To put it into perspective: in a standard account, 3 lots means trading 300,000 units. That’s a massive volume just to withdraw $100 – and it applies even to your own deposited funds, not just bonuses. When I asked for clarification, they pointed me to vague clauses buried in their client agreement and even warned me that refusing to comply could result in my account being closed and “blacklisted on the regulator’s network” – a statement that sounds more like a threat than a legitimate regulatory action. In short: they make it nearly impossible to withdraw your money.
Exposure
sashaderuga
Kazakhstan
I spent a long time learning how to earn money and avoid going into the red. This was my first company for making my first payouts and investments. I was able to deposit easily; minimum deposits are approved on the website. Of course, the withdrawal process was a bit tricky, as I was afraid of entering the wrong information, and it took a little over two hours. Otherwise, I was satisfied.
Positive
NadiaSynk
Moldova
As a beginner in investing, it was important for me to find a broker with a user-friendly interface and a solid knowledge base. The app is very intuitive, and the analytical insights help me navigate the market situation much more easily. I also want to highlight the polite managers who helped me set up my account during registration. It’s a pleasure to deal with professionals, and I’ll definitely be recommending them to my friends
Positive
FX7170370202
Russia
I've been using Onfin's services for a while now, and I'm generally satisfied with them. The platform is user-friendly and intuitive, even for a beginner like me. There's a good selection of trading instruments, allowing for portfolio diversification. The technical support team responds promptly, although sometimes it takes a bit longer than I'd like. Withdrawing funds is generally hassle-free, but it can sometimes take a bit of time. Overall, Onfin is a reliable broker that offers decent trading conditions. I recommend giving it a try, but always keep in mind the risks involved.
Neutral
Яна Яна
Russia
ONFIN broker deserves a good rating. The funds are withdrawn properly, there are no complaints about the platform. Communication with support also left a good impression. Testing copy trading.
Positive