Score

2.07 /10
Danger

OnsaFX

South Africa

2-5 years

Questionable Regulatory License

MT5 Full License

Regional Brokers

High Potential Risk

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Comparison

Quantity 1

Exposure

Time Machine
Website

Score

Regulatory Index5.07

Business Index5.46

Risk Management Index2.81

Software Index5.98

License Index2.71

Time Machine
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

open now

Broker Information

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Company Name

OnsaFX (Pty) Ltd

Company Abbreviation

OnsaFX

Platform registered country and region

South Africa

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2026-10-07
  • This broker lacks valid forex regulation. Please be aware of the risk!

WikiFX Verification

Pyramid scheme complaint
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OnsaFX · Company summary

OnsaFX is a South Africa-based global forex and CFD broker. Operating under the name OnsaFX (Pty) Ltd, the company is licensed and supervised by the Financial Sector Conduct Authority (FSCA), South Africa's leading regulatory body, under license number 53192. It is also registered with the U.S.-based Financial Crimes Enforcement Network (FinCEN).

OnsaFX offers its investors the ability to trade a wide range of instruments through the MetaTrader 5 (MT5) platform, including Forex, Metals, Indices, Commodities, Futures, and Stocks. Operating with a full MT5 license, the company stands out for its robust technical infrastructure and fast order execution system. The average order execution speed is 166.50 milliseconds, well below the industry average.

To cater to investors' diverse needs, four different account types are offered: Basic, Standard, Advanced, and Elite. The minimum deposit is just $0.01, with maximum leverage reaching up to 1:500. In the Elite account type, spreads start from 0.0 pips, providing highly competitive trading conditions for active traders. Hedging, scalping, and the use of Expert Advisors (EAs) are supported across all account types.

Going beyond simply being a trading platform, OnsaFX also offers its investors comprehensive educational content. Training materials prepared for users of every level, from beginners to experienced traders, guide investors who want to better understand the forex markets and develop their strategies. The customer service team stands by investors with support channels accessible 24/7.

Building a strong global brand identity, OnsaFX has also proven its international recognition by winning the “Best Forex Partnership Program” award at the Wiki Finance Expo Dubai 2025. The company continues to expand its global footprint with its emphasis on regulated operations, market transparency, and long-term partnerships.

News

NewsOnsaFX Wins Two New International Industry Awards

OnsaFX is proud to announce that it has recently received two industry awards at the Global Forex Awards 2026, recognizing the companys rapid growth and its commitment to transparent trading practices

OnsaFX
2026-10-05 21:48
OnsaFX Wins Two New International Industry Awards

NewsWith Thanks to Our Visitors: OnsaFX Highlights from Forex Expo Dubai 2026

OnsaFX took part in Forex Expo Dubai 2026, held on September 22–23, 2026, at the Dubai World Trade Centre (Halls 1–5). The two-day event brought together brokers, fintech providers, institutional part

OnsaFX
2026-10-01 18:03
With Thanks to Our Visitors: OnsaFX Highlights from Forex Expo Dubai 2026

NewsOnsaFX and Charity: Water: Expanding Clean Water Access Through ONShine Africa

At OnsaFX, our partnership with Charity: Water, a globally respected nonprofit organization dedicated to ending the global water crisis, forms one of the central pillars of our ONShine Africa initiati

OnsaFX
2026-09-21 04:17
OnsaFX and Charity: Water: Expanding Clean Water Access Through ONShine Africa

NewsOnsaFX Marks Three Years of Operation: A Look Back at Its Growth Since 2023

Few brokers manage to build meaningful regulatory credibility, international brand recognition, and a loyal client base within their first three years of operation. OnsaFX, founded in 2023 and headqua

OnsaFX
2026-09-16 21:10
OnsaFX Marks Three Years of Operation: A Look Back at Its Growth Since 2023

User Reviews

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User comment

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FX4115870661
0-3months
Very good MT5 experience. The platform is fast, user-friendly and offers great charting and trading tools. I really like how easy it is to place and manage orders. Overall, a smooth and professional trading experience so far.
Very good MT5 experience. The platform is fast, user-friendly and offers great charting and trading tools. I really like how easy it is to place and manage orders. Overall, a smooth and professional trading experience so far.
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2026-09-07 15:45
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vince.klt
0-3months
The bonuses are actually useful from time to time. Its a small thing, but it definitely makes a difference when trading 🍀
The bonuses are actually useful from time to time. Its a small thing, but it definitely makes a difference when trading 🍀
Translate to English
2026-08-27 17:03
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