OnEquity Review 2024: All you need to know

Introduction

OnEquity is a well-known multi-asset broker that provides access to a diverse set of trading instruments, including forex, commodities, stocks, and cryptocurrencies. The platform is intended to cater to traders of all skill levels, offering advanced tools, competitive trading conditions, and excellent customer support.

The broker is regulated by multiple financial authorities, with a focus on transparency and security. This review of OnEquity delves into the various aspects of its offerings, such as account types, trading platforms, asset classes, and customer service, to help you decide if it meets your trading requirements.

Geographical Availability and Restrictions

OnEquity accepts traders from a variety of countries, but does not provide services in the United States, Canada, North Korea, Yemen, Iran, Belgium, or Syria due to regulatory restrictions. OnEquity's global reach, combined with localized support and regulatory compliance, ensures that it can cater to a wide range of clients with different trading needs and preferences.

In this comprehensive review, we will look at OnEquity's regulation, account types, trading platforms, asset offerings, and more, giving you everything you need to decide if OnEquity is the broker for you.

OnEquity: Regulation and Keeping Your Money Safe

Regulatory Oversight

To ensure a safe and transparent trading environment, OnEquity is regulated by a number of financial authorities. Here are the main regulatory details for OnEquity.

• OnEquity Ltd.: Regulated by the Seychelles Financial Services Authority (FSA), ensuring adherence to international financial standards.

• OnEquity (Pty) Ltd.: Regulated by the Financial Sector Conduct Authority (FSCA) in South Africa, providing robust oversight and investor protection.

• OnEquity LLC: Recognized by the Financial Services Authority in St. Vincent and the Grenadines, maintaining compliance with regional regulations.

Regulatory Compliance

To protect client funds and maintain the integrity of its trading environment, OnEquity follows stringent regulatory requirements such as Anti-Money Laundering (AML) and Know-Your-Customer (KYC) policies. The broker also separates client funds from operational funds, which improves security and trust.

The OnEquity Trading Platform: Designed for Flexibility

OnEquity offers a versatile trading platform that meets the needs of traders at all levels. The platform supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5), two of the world's most popular trading platforms, giving traders access to advanced trading tools and features.

MetaTrader 4 (MT4)

MT4 is known for its easy-to-use interface, making it ideal for traders who need powerful tools for technical analysis, charting, and automated trading. Multiple order types, real-time quotes, and extensive back testing are among the key features.

MetaTrader 5 (MT5)

MT5 has additional capabilities than MT4, such as more timeframes, an integrated economic calendar, and advanced strategy testing. It is intended for traders who require extensive analytical tools and a versatile trading environment.

Equinix Data Centers

OnEquity's trading infrastructure is directly connected to Equinix Data Centers, ensuring optimal execution with the lowest possible latency. Equinix is known for its dependable data centers that offer lightning-fast data transfer and execution speeds. This strategic hosting improves connectivity and allows traders to execute orders quickly and efficiently by leveraging a low-latency trading environment.

Accessibility

The OnEquity trading platform is compatible with web browsers, desktops, tablets, and mobile devices, allowing traders to manage their accounts and execute trades from any device.

In summary, OnEquity's trading platforms provide flexibility, advanced analytical tools, and a user-friendly interface for both novice and experienced traders.

Types of OnEquity Accounts

OnEquity provides three main types of trading accounts to meet various trading needs and experience levels. Here's a detailed comparison of account types:

Plus Account

• Minimum Deposit: $25

• Base Currencies: USD, EUR, JPY

• Spreads: From 1.5 pips

• Maximum Leverage: Up to 1:1000

• Commission: None

• Platforms: MT4, MT5

• Trading Instruments: 300+

• Market Execution: STP/ECN

• Minimum Lots: 0.01

• Margin Call/Stop Out: 70% / 30%

Features:

• All Strategies Allowed

• Negative Balance Protection

• Swap-Free (Islamic)

• Personalized Support

• Daily Technical Analysis

• Raw Spreads

Prime Account

• Minimum Deposit: $1,000

• Base Currencies: USD, EUR, JPY

• Spreads: From 0.4 pips

• Maximum Leverage: Up to 1:1000

• Commission: $5 per lot

• Platforms: MT4, MT5

• Trading Instruments: 300+

• Market Execution: STP/ECN

• Minimum Lots: 0.01

• Margin Call/Stop Out: 70% / 30%

Features:

• All Strategies Allowed

• Negative Balance Protection

• Swap-Free (Islamic)

• Personalized Support

• Daily Technical Analysis

• Raw Spreads

Elite Account

• Minimum Deposit: $5,000

• Base Currencies: USD, EUR, JPY

• Spreads: From 0.0 pips

• Maximum Leverage: Up to 1:1000

• Commission: $5 per lot

• Platforms: MT4, MT5

• Trading Instruments: 300+

• Market Execution: STP/ECN

• Minimum Lots: 0.01

• Margin Call/Stop Out: 70% / 30%

Features:

• All Strategies Allowed

• Negative Balance Protection

• Swap-Free (Islamic)

• Personalized Support

• Daily Technical Analysis

• Raw Spreads

Each account type has its own set of features to cater to traders of all skill levels. The Plus Account is appropriate for beginners, whereas the Prime and Elite Accounts offer advanced tools and tighter spreads to more experienced traders.

PAMM Trading at OnEquity

OnEquity's Percentage Allocation Management Module (PAMM) accounts provide an innovative and efficient platform for investors and fund managers to collaborate and maximize returns in the financial markets. Here's a detailed look at how PAMM trading works and its advantages:

For Investors

• Effortless Investing: Allocate your funds to professional managers who trade on your behalf.

• Diversification: Spread your investment across multiple PAMM accounts to minimize risk.

• Profit Sharing: Pay fees only on the profits generated by the fund manager.

• Control and Transparency: Monitor the performance of your investments and withdraw funds anytime.

How It Works:

• Choose a Manager: Select from a list of experienced and top-performing fund managers.

• Allocate Funds: Decide the amount you want to invest in each PAMM account.

• Earn Profits: The manager trades on your behalf, and profits are shared based on your investment proportion.

For Fund Managers

• Manage Multiple Accounts: Use a single interface to manage funds from multiple investors.

• Performance-Based Fees: Set and earn fees based on the profits you generate for your investors.

• Advanced Trading Tools: Utilize MT4 and MT5 platforms for efficient trading and management.

• Build Reputation: Gain more investors by showcasing your trading performance and strategy.

How It Works:

• Create a PAMM Account: Set up your account and define your fee structure.

• Attract Investors: Showcase your trading history and strategies to attract investors.

• Trade Efficiently: Use OnEquity’s robust trading infrastructure to manage and grow the investments.

Key Features

• Segregated Funds: Ensure the safety of investor funds with strict segregation from the broker’s operating capital.

• Comprehensive Reporting: Both investors and managers have access to detailed performance reports and analytics.

• Flexible Management: Investors can add or withdraw funds with ease, while managers can focus on trading without administrative burdens.

Benefits

• For Investors: Access professional management, diversify investments, and achieve potentially higher returns without active trading involvement.

• For Managers: Leverage your trading skills to manage larger funds, earn performance-based fees, and build a reputable track record.

PAMM accounts at OnEquity are intended to foster a symbiotic relationship between investors seeking passive income and skilled traders seeking to manage larger capital. This setup creates a win-win situation, maximizing the potential for both parties.

Trading Opportunities at OnEquity

OnEquity gives traders access to a wide range of financial instruments, allowing them to explore different market opportunities. Here's an in-depth look at the trading instruments available:

Forex

Over 40 currency pairs including major, minor, and exotic pairs.

Features:

• Spreads: Tight spreads starting from 0 pips on EUR/USD.

• Leverage: Up to 1:1000.

• Trading Hours: 24/5.

• Execution: Fast execution with minimal slippage.

Commodities

Energy (oil, natural gas), agricultural products, and more.

Features:

• Spreads: Competitive spreads for various commodities.

• Trading Hours: Various hours depending on the commodity.

• Diversification: Provides hedging opportunities and portfolio diversification.

Spot Metals

Gold and silver.

Features:

• Spreads: Tight spreads, especially on gold and silver.

• Leverage: Up to 1:400.

• Safe-Haven Assets: Ideal for risk management and stability.

Stocks

Trade shares from major global markets including the US, UK, EU, and Asia.

Features:

• Spreads: Competitive spreads with no commission on stock CFD trades.

• Leverage: Up to 1:10.

• Market Hours: Aligned with respective stock market trading hours.

• Investment: Suitable for both short-term trading and long-term investments.

• Margin Requirements: Low margin requirements.

Indices

All major indices from the EU, Asia, and the USA.

Features:

• Spreads: Competitive spreads with high liquidity.

• Leverage: Up to 1:300.

• Market Hours: Aligned with respective index trading hours.

• Speculation: Allows speculation on the performance of entire market segments.

• Commissions: No commissions applied.

Cryptocurrencies

Major cryptocurrencies including Bitcoin, Ethereum, Litecoin, and more.

Features:

• Spreads: Competitive spreads with high volatility.

• Leverage: Up to 1:50.

• Market Hours: Available 24/7.

• Trading Style: Suitable for day trading and long-term investment due to high volatility.

• Convenience: No need to hold a crypto wallet.

Comprehensive Trading Tools at OnEquity

OnEquity offers a range of advanced trading tools to help traders improve their market analysis and trading strategies. Here is an in-depth look at the various tools available:

Technical Analysis

OnEquity provides comprehensive technical analysis tools and insights, enabling traders to analyze market trends, price movements, and identify potential trading opportunities. Chart patterns, indicators, and historical data analysis are some of the available tools.

• More Information: Technical Analysis

Weekly Market Outlook

Stay ahead of the curve with weekly market outlook reports that provide in-depth analysis of upcoming market trends, major economic events, and potential trading opportunities. These insights enable traders to make more informed decisions for the upcoming week.

• More Information: Weekly Market Outlook

Market Analysis

Access detailed market analysis for a variety of asset classes, including forex, commodities, stocks, and cryptocurrencies. OnEquity's market analysis assists traders in understanding market dynamics, identifying trends, and spotting trading opportunities.

• More Information: Market Analysis

Economic Calendar

The economic calendar lists key economic events and indicators that can affect financial markets. Traders can use this tool to plan their strategies around major market events and keep up with real-time data.

• More Information: Economic Calendar

Pip Calculator

The pip calculator allows traders to calculate the value per pip in their base currency, which aids in risk management and position sizing. This tool is essential for forex traders to calculate potential profits and losses.

• More Information: Pip Calculator

Pivot Point Calculator

Drawing from historical market data, the pivot point calculator offers crucial levels of support and resistance. By identifying possible entry and exit points in the market, traders can improve their trading strategies by utilizing these levels.

• More Information: Pivot Point Calculator

Position Size Calculator

With the aid of the position size calculator, traders can ascertain the ideal trade size depending on their account size and risk tolerance. With the help of this tool, traders can effectively manage their risk and choose the sizes of their trades with knowledge.

• More Information: Position Size Calculator

Deposits and Withdrawals at OnEquity

OnEquity makes it easy for traders to manage their money by providing a quick and easy method for depositing and withdrawing money. The available techniques are examined in detail below:

Deposit Methods

• Credit/Debit Cards: Visa, Mastercard (EUR, USD, GBP) - Processed within 24 hours, no commission.

• E-Wallets: Skrill, Neteller, AstroPay, FairPay, Payretailers, PaymentAsia, Epay, Help2Pay, PerfectMoney - Processed within 30 minutes, no commission.

• Local APMs: PIX/TED, Swiffy, OZOW, VertuPay, KoraPay - Processed within 30 minutes, no commission.

• Crypto Wallets: Crypto Processing - Processed within 30 minutes, no commission.

• Bank Wire: USD, EUR, GBP, ZAR, JPY - Processed in 3-5 days, no commission.

Withdrawal Methods

• E-Wallets: Skrill, Neteller, AstroPay, Payretailers, PaymentAsia, Help2Pay, PerfectMoney - Processed within 30 minutes, no commission.

• Local APMs: PIX/TED, Swiffy, OZOW, VertuPay, KoraPay - Processed within 30 minutes, no commission.

• Crypto Wallets: Crypto Processing - Processed within 30 minutes, no commission.

• Bank Wire: USD, EUR, GBP, ZAR, JPY - Processed in 3-5 days, no commission.

How to Deposit

1. Choose Account to Fund: Log in to the OnEquity Client Area, navigate to 'Funds', and select 'Deposit Funds'.
2. Select Deposit Method: Choose the most suitable deposit method for your needs.
3. Securely Make a Deposit: Follow the instructions to complete your deposit securely.

How to Withdraw

1. Upload Payment Details: Before requesting a withdrawal, upload your payment details in the OnEquity Client Area.
2. Request a Withdrawal: Navigate to 'Funds' and select 'Withdraw Funds'.
3. Fast Withdrawal Processing: Monitor your account for updates on the processing of your withdrawal.

Partner Programs at OnEquity

In order to reward individuals and businesses for bringing in new customers and increasing platform traffic, OnEquity offers two attractive partner programs.

Introducing Brokers (IB)

OnEquity's Introducing Brokers program is designed for people who want to get paid for introducing new customers. Competitive commission structures are available to participants, rewarding them for each new client they bring to the platform.

Professional marketing materials and a dedicated IB portal that enables real-time tracking of referrals, commissions, and performance are two ways that OnEquity helps its IB partners. With its limitless earning potential, this program appeals to people who have a large social circle.

• For more details, visit the Introducing Brokers page.

Affiliates

Online marketers, bloggers, and webmasters all benefit greatly from the Affiliates program. Engaging in traffic generation for OnEquity enables participants to earn commissions. The program provides options for revenue share and CPA payout models, which are both appealing.

To help them maximize their campaigns, affiliates are given access to a variety of marketing resources, including landing pages and banners. Clicks, conversions, and commissions are all tracked in real time thanks to the extensive affiliate portal. Furthermore, OnEquity provides its affiliates with convenient and timely payouts by providing a range of flexible payment options.

• For more information, visit the Affiliates page.

The goal of OnEquity's partner programs is to increase partners' revenue through effective traffic and referral generation, backed by strong tools and all-encompassing support.

Customer Support at OnEquity

Traders can get help from OnEquity's round-the-clock customer service during market hours. Contacting the support team by phone or email guarantees prompt and efficient handling of your inquiries. For higher-tier accounts, dedicated account managers are available for individualized support.

• Email: support@onequity.com

• Phone: +2484671965

In order to assist traders in navigating the platform and improving their trading abilities, OnEquity also offers a thorough FAQ section and a number of educational resources.

Conclusion

As a multi-asset broker, OnEquity stands out for providing a wide range of account types, a powerful toolkit for trading, and deep market access. OnEquity guarantees its clients a secure trading environment by placing a high priority on security and regulation.

The platform offers specialized services like PAMM accounts and competitive partner programs, in addition to advanced trading features via MT4 and MT5. Dedicated customer service and quick deposit and withdrawal procedures add even more value to the trading experience. With so many trading instruments available on OnEquity, traders can diversify their portfolios and take advantage of a variety of market opportunities. These instruments include forex, commodities, stocks, indices, and cryptocurrencies.

With its extensive toolkit and resources, OnEquity's dedication to delivering a safe and transparent trading environment makes it a dependable option for traders of all skill levels. OnEquity provides the resources and assistance you need to reach your trading objectives, regardless of your level of experience. Whether you are a novice looking to get started in trading or an expert trader looking for advanced features.

FAQs

What account types does OnEquity offer?

OnEquity offers three main account types: Plus, Prime, and Elite. Each account type has different features and benefits, catering to traders of all levels from beginners to professionals.

What trading platforms are available on OnEquity?

OnEquity supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5), both renowned for their advanced trading features and user-friendly interfaces.

How can I deposit and withdraw funds on OnEquity?

OnEquity provides several deposit and withdrawal methods including credit/debit cards, e-wallets, local APMs, crypto wallets, and bank wire transfers, all processed efficiently with no commission fees.

Does OnEquity offer customer support?

Yes, OnEquity offers 24/5 customer support via email, and phone. Dedicated account managers are also available for higher-tier accounts.

What trading tools are available on OnEquity?

OnEquity offers a variety of trading tools including technical analysis, weekly market outlook, market analysis, an economic calendar, pip calculator, pivot point calculator, and position size calculator.