Score

2.04 /10
Danger

OnFin

Comoros

1-2 years

Suspicious Regulatory License

MT4 Full License

Global Business

High potential risk

C

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Comparison

Quantity 1

Exposure

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Website

Score

Regulatory Index0.00

Business Index4.99

Risk Management Index0.00

Software Index9.29

License Index0.00

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Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

OnFin Ltd

Company Abbreviation

OnFin

Platform registered country and region

Comoros

Company website

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Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2025-08-13
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Pyramid scheme complaint
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OnFin · Company summary
OnFin Review Summary
Founded2024
Registered Country/RegionComoros
RegulationNo regulation
Market InstrumentsStocks, currencies, commodities, cryptos, and indices
Demo Account
LeverageUp to 1:3000
SpreadFixed 2.4 pips (Standard account)
Trading PlatformMT4, MT5
Minimum Deposit$1
Customer SupportEmail: europe@onfin.io, hongkong@onfin.io
Twitter, Telegram, Instagram
Regional RestrictionsThe 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:

OnFin's homepage

Pros and Cons

ProsCons
Security methods providedNo regulation
MT4 and MT5 offeredRegional restrictions
Various trading instrumentsCommission 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 InstrumentsSupported
Forex/Currencies
Commodities
Indices
Cryptocurrencies
Stocks
Bonds
Options
ETFs
Mutual Funds
What Can I Trade on OnFin?

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 TypeMinimum 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 TypeMinimum Deposit
ECN$50
FIX$50
MINI$1
COPY$100
Account comparison

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 TypeMaximum Leverage
ECN 1:1000
Copy
MINI
Standard 1:3000
FX

Besides, different trading instruments offer different leverages. For example,

Asset TypeFixed Leverage
Metals, Indices, Commodities1:10
Shares
Cryptocurrencies1:100 (BTC/USD, ETH/USD)/ 1:10 (other cryptocurrencies)
Shares1:1
Leverage

OnFin Fees

OnFin ECN offers many accounts with different spreads and commissions.

Account TypeSpreadCommission
ECNFrom 0 pips$4 per lot
StandardFixed 2.4 pips0
ECNFrom 0 pips$4 per lot
FIXFrom 3 pips0
MINIFixed 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 PlatformSupportedAvailable DevicesSuitable for
MT4Windows, iOS, AndroidBeginners
MT5Windows, iOS, AndroidExperienced traders
MT4 platform
MT5 platform

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 OptionsDeposit FeeDeposit Time
Bank transfer00.04 - 1 work days
Cards
E-wallets

Withdrawal Options

Withdrawal OptionsMinimum WithdrawalWithdrawal FeeWithdrawal Time
Local withdraw Cambodia10 USD00.04 - 1 work days
AwPay15 USD1 - 5 work days
Cards5-20 USD
E-wallets1000- 1,000,000 USD
Funds withdrawal

News

ExposureInvesting in OnFin? Absurd Withdrawal Conditions & Trade Manipulation May Spoil Your Trading Mood

Planning to invest in OnFin, the forex broker, which has been a nightmare for many forex traders? While withdrawal denials have remained perennial for them, trading manipulations, including the illegitimate disappearance of deposits, have put OnFin under the scanner. Traders have been vehemently expressing their frustration about the forex broker on various broker review platforms. In this article, we will share some complaints that made us expose this broker here.

WikiFX
2025-08-12 17:59
Investing in OnFin? Absurd Withdrawal Conditions & Trade Manipulation May Spoil Your Trading Mood

User Reviews

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User comment

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Onocan Mihai
more than one year
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.
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.
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2025-08-05 15:45
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Яна Яна
6-12months
ONFIN брокер заслуживает хорошую оценку. Средства выводят исправно, к платформе нет претензий. Общение с поддержкой оставило тоже хорошее впечатление. Копитрейдинг тестирую
ONFIN брокер заслуживает хорошую оценку. Средства выводят исправно, к платформе нет претензий. Общение с поддержкой оставило тоже хорошее впечатление. Копитрейдинг тестирую
Translate to English
2024-11-15 21:51
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