Score

2.06 /10
Danger

OnsaFX

South Africa

1-2 years

Questionable Regulatory License

MT5 Full License

Regional Brokers

High Potential Risk

D

Add brokers

Comparison

Quantity 1

Exposure

Open Account
Website

Score

Regulatory Index4.90

Business Index5.36

Risk Management Index2.79

Software Index5.97

License Index2.71

Open Account
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

More

Company Name

OnsaFX (Pty) Ltd

Company Abbreviation

OnsaFX

Platform registered country and region

South Africa

Company website

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away!
Previous Detection : 2026-08-16
  • This broker lacks valid forex regulation. Please be aware of the risk!

WikiFX Verification

Pyramid scheme complaint
Expose
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's "Onsa Community" IB Program: A Data-Driven Growth Opportunity

South Africa-based OnsaFX, regulated under a Category I license (No. 53192) by the Financial Sector Conduct Authority (FSCA), is drawing attention in the global forex and CFD market with its Introduci

WikiFX
2026-08-12 22:12
OnsaFX's "Onsa Community" IB Program: A Data-Driven Growth Opportunity

NewsONSAFX and Getafe CF: A Partnership Built on Performance and Ambition

When a regulated global broker and a professional football club share the same values, a sponsorship becomes something more than a branding exercise. The strategic alliance between ONSAFX and Getafe C

WikiFX
2026-07-24 19:42
ONSAFX and Getafe CF: A Partnership Built on Performance and Ambition

NewsHow to Open an ONSAFX Account: A Step-by-Step Guide

ONSAFX, operated by OnsaFX (Pty) Ltd, is a South Africa-based CFD broker authorized by the Financial Sector Conduct Authority (FSCA) under FSP No. 53192. The company was registered in 2023 under regis

WikiFX
2026-07-22 16:45
How to Open an ONSAFX Account: A Step-by-Step Guide

NewsDoes ONSAFX Charge Commission? A Complete Guide to Spreads and Fees

Understanding trading costs is one of the most important steps any trader can take before opening a live account. Spreads, commissions, and overnight fees directly affect profitability, and the way a

WikiFX
2026-07-16 20:42
Does ONSAFX Charge Commission? A Complete Guide to Spreads and Fees

User Reviews

More

User comment

9

Comments

Write a review

FX3740142041
0-3months
OnsaFX provides a very stable platform with instant trade execution. Customer service is also quick to respond whenever I have a question. Great broker overall.
OnsaFX provides a very stable platform with instant trade execution. Customer service is also quick to respond whenever I have a question. Great broker overall.
Translate to English
2026-08-05 22:03
Reply
0
0
FX6611616620
0-3months
I have been trading with OnsaFX for a few months, and overall, it is a solid choice. The platform is reliable and generally fast enough for my daily trades, while their fees are quite reasonable. Customer support is helpful and polite, though it can sometimes take a few minutes to connect during busy hours.
I have been trading with OnsaFX for a few months, and overall, it is a solid choice. The platform is reliable and generally fast enough for my daily trades, while their fees are quite reasonable. Customer support is helpful and polite, though it can sometimes take a few minutes to connect during busy hours.
Translate to English
2026-08-04 15:36
Reply
0
0
1