OnFin: accounts, payment restrictions and copy-trading terms

Most panels permit 0.01–100 lots and unlimited orders. Mini is limited to forex/metals, 0.01–1,000 miniature lots (0.0001–10 standard lots), 250 orders and a USD 1,000 deposit ceiling. Some FIX instruments use floating spreads and market execution.[2]

The homepage advertises USD 100 for ECN and USD 50 for Copy, differing from the matrix. The dedicated Copy page also uses USD 50. These are unresolved published offers, not one universal opening threshold.[1][11]

The KYC policy requires government identity evidence and address documentation no more than three months old. Corporate applicants must supply ownership and control records. Its conditional 15-day document grace period can end in account closure; this is distinct from the faster verification estimates in marketing.[15]

The international footer excludes the United States, Seychelles, Saint Vincent and the Grenadines, Japan, Spain, Italy, France, Portugal, Denmark, Estonia, Slovenia and Greece. A regional contact desk does not establish permission to onboard residents there.[20]

View full spreads & trading costs

The contract-specification page is meant to provide live symbols, swaps and contract sizes by platform and account. It remained at its loading message in the accessible rendition, so no current symbol count, complete instrument tariff or server-specific contract size was independently extracted.[3]

A separate MT5 Synthetics account offers eight OnFin V Index instruments with stated volatility levels from 10 to 200, minimum size 0.01 lot and advertised leverage up to 1:1000. Their prices come from OnFin’s random-number engine rather than an external exchange or economic index. The page advertises round-the-clock access; that claim is specific to synthetics, not every CFD.[14]

The account matrix labels its USD 4 ECN commission per side, then describes it as per round turn. The specifications page also says round turn. The charging basis remains unresolved; no all-in cost has been calculated.[2][3]

The FAQ places the daily financing cut-off at 22:00 UTC. Swap rates depend on the instrument and position, and broker-free funding claims do not exclude network, correspondent-bank or card-issuer costs.[16]

The User Guide instead specifies rollover at 23:59 server time, usually with triple financing Wednesday–Thursday and instrument/holiday exceptions. Swap-free access is requested through a manager and can be removed for predominantly long-term use.[8]

The Client Agreement permits USD 30 monthly after two months without a closed buy/sell trade; an older open position does not prevent inactivity. Archived accounts require a reactivation request.[7]

The User Guide gives a different charge: USD 50 monthly after 60 days without transactions across the client’s accounts. It expressly gives the Client Agreement priority in a conflict.[8]

MT4 is offered on Windows, macOS, iOS and Android, with MQL4 EAs and saved chart templates. OnFin describes the desktop terminal or VPS as the environment for EA hosting. Its general MAM/PAMM capability claim does not supply a separate public investor mandate or tariff.[12]

MT5 adds browser access, multiasset analysis, a strategy tester, stop-limit orders and partial fills. Desktop, web and mobile are different operating environments; a published mobile download does not demonstrate that desktop automation or settings continue on a phone. Platform-specific credentials are selected at registration.[13]

MT5 gold uses progressive notional tiers: the first USD 40,000 at up to 1:3000 and the next USD 60,000 at 1:2000, with lower leverage above that. News/weekend caps can reduce new gold exposure to 1:200. FX is capped at 1:500 from one hour before Friday close until Monday 02:00 EET.[4]

Other published ceilings are 1:100 for other metals, indices and commodities; 1:10 for US/German/Russian shares; 1:1 for Asian shares; 1:100 for BTC/USD and ETH/USD; and 1:10 for other crypto. These differ from some headline instrument promotions.[4]

The MT4-oriented User Guide makes pending orders GTC on 24-hour instruments and day orders on shorter sessions; stops and targets remain GTC. Scalping conditions include a 50-point distance and holding most trades for minutes. Gaps can change execution prices. It also allows a 10% fee on total deposits for specified abusive trading or rule violations.[8]

The current contact page does not establish a dedicated authenticated emergency order line. Email and chat support should not be assumed to provide executable dealing instructions.[18]

Deposits must originate in the client’s name. The deposit page presents no internal fee, while network and issuer charges remain possible. The available local-currency channels are payment methods, not evidence of a multicurrency trading balance.[5]

The withdrawal page prioritises returns to the original source, proportionally for multiple channels, and permits profits through a verified same-name method. Its zero-fee table is subject to the separate contractual activity and payment restrictions.[6]

The Client Agreement prohibits withdrawals with open positions or pending orders and requires free margin. Fewer than ten trades lasting three minutes each can trigger a charge of 13% of the deposit amount. For ECN/FIX/Mini, another activity test uses three qualifying lots per USD 100 withdrawn, with five-minute/three-point conditions. Conversion uses company-selected prevailing rates; no fixed markup is given.[7]

Agreement section 21 restricts withdrawals to the details, payment system and currency used for the majority deposit. This is stricter than the withdrawal page’s proportional-return and profit-route wording; the accepted terms need to resolve the route.[7]

Bonus credit is separate from cash. The bonus terms release credit and the linked deposit only after closed qualifying turnover equal to the bonus amount divided by three, in standard lots. Eligible FX, metals, indices and commodities trades must last at least five minutes and move at least three points; partial completion does not qualify.[9]

A withdrawal or internal transfer removes the bonus. The client can reject it to release the linked own-funds restriction. Credit is also removed when equity reaches the bonus amount, at stop-out, or potentially after 30 days without trading. Removal can cause liquidation. The terms permit an additional turnover condition for bonus-derived profit and cancellation of abusive awards or associated gains.[9]

Statements must be challenged immediately and confirmed in writing within one business day after execution.[7]

The platform material describes history and analysis, but a broker-specific export guide or country tax-report package was not established. Account records, report formats and retention should be distinguished from the availability of mobile order management.[13]

The company-published licence page identifies OnFin Ltd, corporate number HT00224026, and MISA number BFX2024038, with a registered-agent address on Bonovo Road, Fomboni. These identifiers were not independently verified as a valid retail investment permission.[21]

The Comoros central bank’s 8 December 2025 notice says MISA lacks legal authority to issue financial licences. This is an issuer-authority finding; it does not name OnFin.[22]

OnFin says funds are segregated with major banks. The reviewed public material did not identify a depositary bank, independently audited segregation arrangement, statutory compensation entitlement or applicable insurance policy. This company assertion should not be read as verified insolvency protection.[19]

The contract permits counterparty dealing and pooled third-party custody, including unsecured recovery in insolvency. Negative-balance protection has abuse exceptions, possible repayment and offsets across related accounts.[7]

The contact page lists [email protected], chat and regional desks. Advertised main coverage is Sunday 22:00 to Friday 22:00 UTC, with slower weekend email/chat service. A one-business-hour response is a company target, not an observed result.[18]

The complaints policy promises acknowledgement within five business days and targets resolution within 30 calendar days, with written reasons for an extension. Serious matters go to compliance and senior management; an independent external dispute scheme was not established.[17]

The User Guide requires written trading claims within three business days, targets review within 14 business days, and can close a claim if the client does not reply within three business days. These shorter contractual deadlines matter alongside the general complaints policy.[8]

Email cannot carry trade orders. The agreement designates Comoros law and courts.[7]

The FAQ directs profile changes through the cabinet and legal-name changes through support with documentary evidence. It describes read-only or closed-market causes of disabled order entry. A specific 2FA recovery procedure or withdrawal hold following credential changes was not established.[16]

Copying can mirror up to five strategies into one account, with manual trading and position closure retained by the subscriber. The page advertises pause/unsubscribe controls and says managers cannot withdraw client funds. It gives performance fees of 10%–25% in its FAQ but advertises up to 50% elsewhere; the selected strategy terms must settle the fee.[11]

The Copy Trading Agreement authorises automatic trades when subscribed, without approval of every order. Minimum size and insufficient funds can prevent matching; results need not equal the master’s. Fees follow the master’s terms and non-payment can disconnect a strategy. The company can restrict copying, withdrawals or strategy-derived profit for breaches. The exact fate of positions already open on disconnection is not specified.[10]

The MT5 Prop Trading service has separate rules dated 17 September 2026: at least USD 1,000 in a Copy account, non-withdrawable 100% margin credit, and a fixed 25% copier fee. It scales through 11 levels, requiring 20% yield progress and recovery factor of at least two. Equity below USD 100, excess withdrawals/transfers or 30 days without trading can disqualify a strategy. Company allocations are not withdrawable client deposits.[23]

The separate MT4 Prop Challenge charges a non-refundable USD 500 or USD 1,000 evaluation fee for its USD 50,000 or USD 100,000 programme. Its contract specifies 15% then 10% profit targets, daily loss limits of 4% then 3%, and total drawdown limits of 8% then 6%; funded limits remain 3%/6%. Leverage is capped at 1:50.[24]

The Challenge contract gives the trader 50% of profits, calculated every 30 days after a first-month evaluation, subject to a 7% profit threshold and minimum activity. It restricts scalping, hedging and unapproved EAs; one month without trading can disqualify the funded account. Evaluation fees buy access to the process, not trading capital.[24]

The Challenge landing page advertises profit sharing up to 80%, which differs from the contract’s fixed share. Its promotional figure should not be substituted for the programme terms.[25]

OnFin markets MetaTrader automation and copying, but no distinct AI account service with documented authority over settings, funding or withdrawals was established. Nor was a public API specification defining those permissions found.[12]

OnFin dates its trading-business history to 2015. This is a company history claim, not the incorporation date of the current Comoros entity or evidence of uninterrupted licensing.[19]

The company’s LinkedIn archive retains posts describing ECN.Broker operations. That supports a historical branding connection; it does not by itself establish a migration date or how old client obligations transferred to OnFin Ltd.[26]

The legal hub says changes are announced in the cabinet at least 14 days before effect. The Copy Trading Agreement instead allows changes effective on publication without prior notice. The accepted document and its priority provisions matter; the marketing summary does not resolve the discrepancy.[20][10]