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Onyx Information

Onyx Markets is a global online trading platform specializing in CFDs like forex, commodities, and indices. It offers competitive spreads and multiple account types tailored to diverse trading strategies. The platform integrates MetaTrader 5 (MT5), providing advanced charting, algorithmic trading, and seamless access to international markets.

Pros & Cons

Is Onyx Markets Legit?

Onyx Markets is regulated by the Financial Conduct Authority, holding a market maker license (No.822509).

Regulated Country	Regulated Authority	Regulatory Status	Regulated Entity	License Type	License Number
	Financial Conduct Authority	Onyx Capital Advisory Limited	Suspicious Clone	Market Maker (MM)	822509

What Can I Trade on Onyx Markets?

Onyx Markets provides access to trading CFDs and Spread Bets on a range of underlying assets, including:

• Currency Pairs (Forex)
• Indices
• Commodities

Account Types

A demo account is available on Onyx Markets to let traders test out this platform without risking any actual money.

Onyx Markets allows traders to open a Joint Account, which means an account shared by two or more individuals that allows all account holders to contribute funds, make investment decisions, and manage the account individually and, where necessary, collectively. Each holder has equal rights to access and control the account. Unless notified otherwise, joint account holders will be treated as joint tenants.

Furthermore, Onyx Markets classified your account as a linked account.

Leverage

Leverage on this platform varies depending on the asset class, market conditions, and client classification. Specific details on margin requirements and leverage ratios are available on the Trading Platform and/or Website.

Fees

Fees & Commissions: Onyx Markets may charge you fees and commissions, which can change. You must regularly check your statements for accuracy.

Third-Party Fees: Onyx Markets isnt responsible for extra fees charged by banks or financial services for transferring funds.

Additional Costs: Youre responsible for any commissions, transaction taxes, stamp duties, and government fees based on your trading activities and jurisdiction.

Disclosure: Any third-party fees or benefits received by Onyx Markets will be disclosed upon request.

Trading Platform

Onyx Markets utilizes MetaTrader 5 (MT5) as their trading platform. MT5 is provided by the third-party company MetaQuotes, and Onyx Markets retains the right to use and access this platform. Clients are responsible for familiarizing themselves with all aspects of the platform before attempting to trade on it.

Deposit and Withdrawal

Traders have the right to deposit and withdraw funds via methods specified on the Trading Platform. Key points include:

• Deposits and withdrawals must be made using accounts in the client's name.
• The processing time for deposits and withdrawals may vary depending on the method used.