COMPREHENSIVE ONEQUITY BROKER REVIEW FOR 2024

OnEquity is a prominent player in the online trading industry, known for offering a wide range of financial instruments and advanced trading platforms. This comprehensive review covers everything you need to know about OnEquity, from general information and account types to trading features and customer support. Whether you're an experienced trader or a beginner, this guide will help you determine if OnEquity is the right broker for you.

General Risk Warning

Trading financial instruments, such as forex and CFDs, carries a high level of risk and may not be suitable for all investors. Before deciding to trade with OnEquity, it is important to understand the risks involved and seek independent financial advice if necessary.

OnEquity Full Review

OnEquity offers a robust suite of trading services tailored to meet the needs of diverse traders. This full review explores the broker’s features, account types, trading platforms, and overall user experience.

General Information & First Impressions

Founded in 2020, OnEquity has quickly established itself as a reliable broker in the financial markets. The broker operates under the regulatory oversight of the Seychelles Financial Services Authority (FSA) and the Financial Sector Conduct Authority (FSCA) in South Africa. With a user-friendly website and a comprehensive range of trading instruments, OnEquity aims to provide a seamless trading experience for its clients.

OnEquity Pros and Cons

Pros:

• Regulated by reputable authorities (FSA and FSCA)
• Competitive spreads and low fees
• Wide range of tradable instruments
• Advanced trading platforms (MT4 and MT5)
• Strong customer support

Cons:

• Limited educational resources
• No fixed spread accounts

Who Is OnEquity For?

OnEquity is suitable for both beginner and experienced traders. Beginners will benefit from the user-friendly platform and responsive customer support, while experienced traders will appreciate the competitive spreads, diverse trading instruments, and advanced trading tools. However, those seeking extensive educational resources may need to look for additional materials elsewhere.

Account Types and Benefits

OnEquity offers several account types to cater to different trading needs:

OnEquity Trading Platforms

OnEquity provides access to the industry-leading MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. These platforms are renowned for their advanced charting tools, technical indicators, and automated trading capabilities. Both platforms are available for desktop, web, and mobile devices, ensuring that traders can access their accounts and manage trades from anywhere.

OnEquity Mobile Trading

The OnEquity mobile app delivers a seamless trading experience on the go. Available for both iOS and Android devices, the app offers full account management, advanced charting, and one-click trading. Traders can stay connected to the markets and manage their portfolios anytime, anywhere.

OnEquity Trading Features

OnEquity offers a range of features designed to enhance the trading experience:

• Advanced Charting Tools: Access to multiple chart types and technical indicators.
• Multiple Order Types: Market, limit, stop-loss, and trailing stop orders.
• Automated Trading: Support for Expert Advisors (EAs) on MT4 and MT5.
• Risk Management Tools: Negative balance protection and customizable leverage settings.

OnEquity Research & Education

While OnEquity provides basic market analysis and news updates, its educational resources are somewhat limited compared to other brokers. Traders seeking in-depth research and education may need to look for additional resources elsewhere.

OnEquity Regulations & Licensing

OnEquity is regulated by the Seychelles Financial Services Authority (FSA) under license number SD154 and the Financial Sector Conduct Authority (FSCA) in South Africa under registration number 2021/321834/07 and license number 53187. These licenses ensure that OnEquity operates under stringent regulatory standards, providing a secure trading environment for its clients.

OnEquity Pricing

OnEquity offers competitive pricing with tight spreads and low commissions on its Prime and Elite accounts. The Plus account has no commissions but slightly wider spreads. Additionally, the broker does not charge any fees for deposits or withdrawals, though third-party charges may apply.

OnEquity Deposits & Withdrawals

OnEquity supports a variety of deposit and withdrawal methods, including bank transfers, credit/debit cards, and e-wallets. Processing times are generally quick, with most deposits being instant and withdrawals processed within 1-3 business days.

Customer Support

OnEquity provides robust customer support through multiple channels, including live chat, email, and phone support. The support team is responsive and knowledgeable, assisting with a wide range of inquiries from account setup to technical issues.

OnEquity Trading Experience

Traders with OnEquity can expect a smooth and efficient trading experience. The platforms are user-friendly, and the trading conditions are competitive. Additionally, the availability of MT4 and MT5 allows for flexible trading strategies and automated trading.

OnEquity Bottom Line

OnEquity stands out for its user-friendly platform, competitive trading conditions, and strong customer support. While it may lack extensive educational resources, it compensates with a robust trading environment suitable for both beginners and experienced traders.

OnEquity Spreads

OnEquity Swap Fees

Possible to Trade NFT?

As of 2024, OnEquity does not support direct trading of NFTs (Non-Fungible Tokens). Traders interested in NFTs may need to look for specialized platforms that focus on digital assets and collectibles.

Broker Details

OnEquity operates under the Vantage International Group Limited and is regulated by the Vanuatu Financial Services Commission (VFSC). The broker provides a variety of trading instruments and platforms, catering to both novice and experienced traders.

Contact Info

Moneta Markets offers multiple ways to get in touch with their support team:

• Email: [email protected]
• Phone: +44 20 8133 8383
• Live Chat: Available on the Moneta Markets website

OnEquity vs. eToro

When comparing OnEquity to eToro, several differences stand out. Moneta Markets offers a more traditional trading experience with competitive spreads and advanced trading tools. In contrast, eToro is known for its social trading features, allowing users to follow and copy trades from experienced investors. While both brokers cater to a wide range of traders, those seeking a social trading experience may prefer eToro, whereas traders focused on competitive pricing and advanced tools may find Moneta Markets more appealing.

OnEquity in 2024: What is New?

In 2024, OnEquity has introduced several new features and improvements to enhance the trading experience. These include the launch of a new, more intuitive trading platform, additional trading instruments, and enhanced customer support services. The broker has also expanded its educational resources, providing more webinars, tutorials, and market analysis to help traders make informed decisions.

FAQ