Score

2.07 /10
Danger

OnsaFX

South Africa

1-2 years

Questionable Regulatory License

MT5 Full License

Regional Brokers

High Potential Risk

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Comparison

Quantity 1

Exposure

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Website

Score

Regulatory Index5.01

Business Index5.40

Risk Management Index2.80

Software Index5.98

License Index2.71

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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

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 : 2026-09-07
  • 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 for Beginners: Everything a New Trader Needs to Know

Starting out in online trading can feel overwhelming. Between choosing a broker, understanding market instruments, and learning how a platform works, new traders often face more questions than answers

WikiFX
2026-09-07 02:32
ONSAFX for Beginners: Everything a New Trader Needs to Know

NewsWhy Traders Choose ONSAFX: Platform, Pricing, and Performance

With hundreds of online brokers competing for attention, traders increasingly base decisions on a combination of factors rather than a single standout feature. Regulatory credibility, trading technolo

WikiFX
2026-09-01 21:32
Why Traders Choose ONSAFX: Platform, Pricing, and Performance

NewsNew Opportunity from OnsaFX: Become a Certified Market Expert with the "Market Expertise Program"!

Are you passionate about the markets? Do you want to share your voice with wider audiences? OnsaFX is offering a range of valuable career opportunities to market enthusiasts and content creators throu

WikiFX
2026-08-31 02:02
New Opportunity from OnsaFX: Become a Certified Market Expert with the "Market Expertise Program"!

NewsONSAFX Customer Support: What to Expect When You Need Help

In online trading, the quality of customer support is often only discovered when something goes wrong. For traders who choose ONSAFX, that discovery tends to be a positive one. The broker has built a

WikiFX
2026-08-29 03:55
ONSAFX Customer Support: What to Expect When You Need Help

User Reviews

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User comment

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Comments

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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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FX3901420177
0-3months
Shiya was very helpful and professional. Really appreciated the support!
Shiya was very helpful and professional. Really appreciated the support!
Translate to English
2026-08-20 15:28
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