The company that owns the platform promises customers “success” through “cutting-edge technology”. By the firm’s self-presentation, it is registered in the Seychelles. Besides, it is operated by a group of companies licensed in Cyprus, St. Vincent and the Grenadines, and South Africa. However, the site has no start date or documentary evidence of registration and license.
Is this site reliable and should you trade on it? You will find out from our OnEquity review about broker offerings and the legitimacy of its activities.
How to Trade
The company promises to provide customers with MetaTrader 4, MetaTrader 5, and products such as Forex, CFDs on cryptocurrencies, stocks, and other assets. Traders will benefit from the following terms and conditions:
- Three account types.
- Zero commissions on Plus plan.
- Floating spreads from 0.0 pips on EUR/USD.
- No commissions for deposits or withdrawals.
Market orders are executed via STP/ECN, minimum lot size is 0.01. Margin and stop-out levels are set at 70% and 30% respectively. The broker provides negative balance protection and personalized support.
Clients can receive market and company news updates, view the project’s accounts in 6 social networks. You can use trading calculators, analytics, and webinars.
OnEquity Vital Info
A brokerage firm discloses information about itself as little as possible. Thus, it does not indicate the period of work or registration documents. It should be noted that the only date specified, for example, in the Client Service Agreement – approval of version-1 dated June 2023. Meanwhile, the domain was created in 2011 and was last updated in June 2024. It is possible that the domain name was purchased online and the resource has been operating for a very short time.
The owner of the site claims that it operates with the permission of the Financial Service of Seychelles (FSA) with license number SD154. We went to the register of legal entities controlled by this regulatory body and found there OnEquity Ltd., which is registered in October 2023. That is, the broker has been working for less than a year and therefore tries not to advertise its age. As for other companies listed in the site footer, some of them are in the global register of legal entities, but their connection with the hero of our review is not confirmed in any way.
Do you know how you can withdraw at least your money from here? My €784 is in my account on the platform, I can see it, but the broker does not approve my application...
I started testing the terminal with a minimum deposit of 25 dollars to check the honesty of the broker. I started to increase my balance gradually after the first successful withdrawal. I have a deposit of $7.830 now and continue to make money with OnEquity. I withdraw money usually to my e-wallet. The broker withdraws money quickly!
Withdrawal of funds is a terrible process at Onequity (forget about interest-free withdrawal at once, and the withdrawal is not obvious at all): at first I was offered to buy a service for interest-free withdrawal for $220, or to use another way - to pay a commission for withdrawal not less than 20% of the amount to their partner (and the client must pay this amount in advance, before the withdrawal and not as a percentage of the amount withdrawn, but as an additional fee). This money, allegedly by mistake, goes to the wrong place, instead of your broker's partner it is given to fraudsters. I have no doubt already that Onequity is a scam.
No one answers my calls and emails right after I deposited 620 euros! The usual scam!
I transferred 270$ to an account at onequity.com and it looks like my money is stuck there forever. The manager is not responding to me and I feel like they are scammers who have chosen to ignore my appeals. I have already morally resigned myself to the loss, but I want to warn other traders. The scam is absolute!!!
I have been trading with this broker for about 4 months, and at first I was worried that it is an offshore company and there may be problems with withdrawal, but I withdraw money every 2 weeks, and everything happens very quickly :) money arrives to my bank card on time and in the right amount. I also really like the promotions on the terms of profitability of trading, I try to make more trades or bet higher to take the maximum profit. By the way, I got a 100% bonus and I almost worked it off :) So soon I will withdraw the bonus money as well. I am very satisfied with OnEquity, I recommend it to everyone!
Attention! I want to warn you that this is a scam! Scammers use the program Anydesk to get behind your computer and download your information! Do not give access to your computer, you will not get your money back (scammers ask for access under this pretext). They do everything quickly, I realized it in time and disabled access! Be careful and do not believe the false words of On Equity! They are pathetic thieves!
What the employees of the company allow themselves is a total disrespect to customers. I ordered a withdrawal more than 10 days ago, but the money has not been transferred to my bank account. There is no response at all to my inquiries.
I first consulted with the manager and he gave me many beautiful promises: interest free (or compensated); easy deposit/withdrawal; help from analysts; huge leverage; protection against negative balance, etc. In fact, 1 percent is withdrawn when you deposit money and 5 percent when you withdraw it, and no one compensates for these amounts. Onequity analysts are only busy talking me into putting more money into my account, and when they realize that I won't deposit any more, they stop working with me. The web-terminal programs and applications are developed carelessly - there are a lot of errors that do not allow stable trading, because of which I often end up in the red.
I became a client of this broker not so long ago. I treated onequity with great caution and have made a small investment so far. I trade with a small profit, $5-10. However, some technical moments required the participation of technical support, but they were solved by help desk specialists for a long time. The deposit was credited quickly to my trading account, but when I made the first withdrawal, everything started to happen very slowly :(
I came to this platform by chance, I decided to look at the trading program and registered a demo account. Then the broker connected me with a manager, I know how to trade, but I decided to check who they give to help clients on onequity.com. However, the manager turned out to be quite smart, experienced in leveraged CFD trading, he answered all the questions honestly, in detail, what he did not know, he found out and called me back during the day. In short, I really liked working with OnEquity and opened a real account :) I have been trading for a little over two months now, so far I have no complaints about the company.
I opened my account 3 months ago. After 4 weeks I decided to close my account because I had to completely change my life and I realized that I would not have time to trade online. I contacted ONEQUITY representatives and sent them all the necessary documents.I tried to log into my account a few days later. To my great surprise, the admins closed my account instead of withdrawing my money. Now they ignore all my calls, my emails, and all other appeals... They stole 2360 dollars from me!!! What can I do?
I lost more than 1,840 dollars on this platform. I warn you about the risks: be prepared that as soon as you start making good profits, you will immediately get problems on the ONEQUITY terminal. The price will reach the right mark a little bit (there are 5-digit quotes, and the usual daily volatility of 80 pips turns into 800!), and then the underestimation of your reward will start. In the end, the broker may refuse to withdraw your funds for various reasons, such as: "someone else traded from your account" or "you didn't pass the verification".... This is a scam and you will never get your money!
Scammers! I joined a PAMM account for deposits from 1,000$ and got into a situation when the price of gold was going down. The manager told me to increase my balance by 300$, but I had no more money. I refused and my investment in onequity.com account burned out suspiciously fast! It's a scam!!!
I have been on this platform for more than six months now. I started trading with a demo account, but after two months I switched to real money trading. I recommend you to get verification and confirmation from Onequity security right after opening a live account. Otherwise, you will then be in a state of uncertainty for a long time and receive refusals to withdraw money. In short, this platform has disadvantages, but if you know how to earn and provide for all possible pitfalls in advance, you can earn here.
Hi, I am having problems withdrawing money from onequity. I can't withdraw the money I deposited on this trading platform for three weeks now. I deposited $700 and started trading, I ended up losing almost half of the amount due to low returns, poor terminal performance and delays in opening trades. I realized that if this continued, I would leave my entire deposit on onequity.com, so I ordered a withdrawal of the remaining amount, about $360. The admin first sent me for verification. He asked me to send a scan or photo of my ID and a document confirming my residency. I sent everything and a week later I got a message that the photos are bad and they ask to take them again, I took screenshots and resubmitted them. The security staff asked me to send them a scan of the bank card I was withdrawing money to after another week - I don't know why they didn't tell me this right away, but I sent them this scan as well, I closed the data, partially of course. This scan is now under verification, and 3 weeks have already passed since the beginning of the withdrawal process. Colleagues, have you experienced similar delays in withdrawal? Is this a common practice for onequity? Do you think they are going to withdraw my money? Please help if you know what to do. Have you encountered anything like this? Have I been scammed?
I found this company on some forum, where a user told me that this broker gives negative balance protection. I got interested and registered a dollar account. I have been trading for three months now, so far everything is going well, by the way, I didn't need protection :) only 4 trades were unsuccessful on onequity.com, and all the rest brought in profit.