OnEquity: MetaTrader plans and the Seychelles account

The FAQ describes identity and address verification before completing onboarding and permits up to three trading accounts. This allows separate trading allocations without implying three separate regulatory relationships. The Seychelles website excludes, among others, US and Canadian residents and nationals, and applicants must be at least 18. Country selection and the final agreement determine availability.[10][2]

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The Seychelles key facts statement describes a bilateral, over-the-counter CFD relationship. A position is a contract with the broker to exchange the price difference; it does not put the underlying share, metal or cryptocurrency into the client’s custody. Consequently, closing a CFD and withdrawing available cash is different from transferring an investment holding to another securities custodian.[5]

The legal page expressly says the Mauritius entity does not provide cryptocurrency CFDs or copy trading, and directs applicants seeking crypto exposure toward a Seychelles application. A Mauritius group licence therefore cannot be used to describe those products as Mauritius-regulated. The account’s contracting entity has practical consequences beyond its country label.[2]

Prime and Elite combine a lower advertised starting spread with the same published per-lot commission. Because the charging side is undefined in the account table, these figures cannot support a verified total round-trip cost. A comparison also needs the instrument, actual spread, trade size and any overnight financing.[3]

Swap-free access requires approval and supporting documentation. Its published exemption runs for the first ten calendar days; storage charges or commissions may apply after that period. The label therefore does not establish an unlimited holding period without carrying costs. Approval terms and the relevant instrument schedule determine how a longer-held position is charged.[7]

The FAQ’s statement that opening, management and deactivation carry no fee should be read separately from this contractual inactivity tariff. Deactivation is an account state; the six-month charge is triggered by the specified pattern of non-use. The more specific agreement prevents treating the broad FAQ wording as a promise that every unused account remains cost-free.[10][6]

The dynamic-leverage page applies progressively different margin to portions of an exposure. Its EUR/USD illustration at 1.0800 assigns 1:1,000 to the first lot and 1:500 to the next nine, producing USD 108 plus USD 1,944, or USD 2,052 for ten lots. This is a published hypothetical margin illustration, not a dealing cost or assurance that all exposure receives the headline leverage.[8]

The account page advertises broad strategy access, but the August 2026 agreement treats automated trading through EAs, robots, algorithms or AI without prior written company consent as abusive trading. Obtain that consent for the actual strategy before connecting automation; availability of MT4 or MT5 alone does not establish contractual permission.[6]

The payments page says withdrawals are processed within up to 24 hours after approval, a clock that starts after review rather than at submission. It separately says withdrawal fees vary by transaction type, despite the FAQ’s broader no-additional-fees wording. The bank-transfer section also contains inconsistent timing entries. These pages support the existence of the routes, but not a single guaranteed arrival deadline or universal zero-fee withdrawal.[9][10]

The FAQ directs clients to Trading Accounts and then Internal Transfer, selecting the source account, destination account and amount. For withdrawals it describes adding payment details and choosing the trading account and requested amount. These are instructions to submit a request; they are not confirmation that every displayed equity amount is immediately withdrawable.[10]

The agreement normally returns withdrawals through the original funding source and allows further identity or source-of-funds checks. Ordinary termination requires seven business days’ written notice and closing positions; the broker may close remaining positions at the end. Obtain required records before access ends.[6]

OnEquity’s client-protection page describes segregated client funds and negative-balance protection. These are company-published descriptions. Segregation addresses separation from operating funds; negative-balance protection addresses trading deficits. Neither description by itself establishes a private insurance payout or an investor-compensation entitlement.[11]

The agreement contains broader deficit language, while the protection page promises that accounts cannot become negative. The public materials do not resolve every contractual exception. A client should obtain the applicable written negative-balance terms rather than extending the marketing statement to all entities or circumstances.[11][6]

The published service channels do not establish a separate emergency dealing desk authorised to open or close positions during an outage. For an interrupted trade, the useful distinction is confirmation of the order’s status versus acceptance of a new instruction. The support page does not promise substitute execution.[12]

The FAQ describes password recovery through the registered email address. It does not publish a fixed withdrawal hold following a reset or a complete lost-authenticator process. A login reset should therefore not be described as automatic restoration of all payment privileges.[10]

The Seychelles complaints policy asks for the completed form and supporting details. It provides acknowledgement within two business days and aims for a final response within 21 business days. If more time is needed, the company must explain the delay and give an estimate; the stated outer limit is 90 business days from submission. An unsatisfied complainant may refer the final response to the Seychelles FSA. This is a regulatory escalation route, not an automatic compensation award.[13]

OnEquity presents PAMM as pooled trading directed by a manager, with profits and losses allocated proportionally to investors. The service supports MT4 and MT5 and describes monitoring allocations across more than one manager. It is a different decision from placing an individual CFD order: the investor chooses a manager’s mandate and its allocation terms.[14]

The overview does not settle every manager’s fee, notice period, withdrawal window or treatment of open positions on exit. Ending participation should not be assumed to liquidate exposure immediately. Those terms belong in the chosen manager agreement, including who remains responsible for positions while an exit is being processed.[14]

OnEquity describes a business serving both retail and institutional trading clients. Its public material concentrates on MetaTrader access, account plans and managed allocations rather than audited group scale. That service model can be described without adopting the website’s performance or trust claims as independently measured results.[15]

The legal page names Mauritius and South African operators and ONEQ Global Ltd in Cyprus as a service company. That Cyprus registration is not a CySEC brokerage authorisation. Other group entities require their own agreement and permission check.[2]