on fin

OnFin is a retail forex and CFD broker founded on June 6, 2024, and registered in the Comoros Union under the corporate address Moheli Corporate Services LTD, P.B. 1257 Bonovo Road, Fomboni, Comoros. The broker operates under the domain onfin.io and offers trading services primarily to retail clients through the MetaTrader 4 and MetaTrader 5 platforms.

Despite its recent registration date, the broker's website claims over 10 years of stable operation, which appears inconsistent with its official founding date. OnFin maintains a social media presence on Facebook, Instagram, LinkedIn, and YouTube, and its materials are available in multiple languages including English, Indonesian, and Malay.

As of the time of this review, OnFin does not hold any recognized financial regulatory license. The broker is registered as a company in the Comoros, but registration does not equate to regulatory oversight by a financial authority. OnFin displays a company registration certificate on its website, but this is not a trading licence. The broker's lack of regulation is a significant factor for potential clients to consider.

Without oversight from a reputable regulator such as the FCA, CySEC, or ASIC, traders have limited recourse in case of disputes. The broker's own KYC and AML policies are self-imposed and not subject to external audit.

OnFin provides MetaTrader 4 and MetaTrader 5, two widely used platforms in the retail forex industry. MT4 is known for its robust charting tools, Expert Advisors (EAs), and strong community support, while MT5 offers additional timeframes, more indicators, market depth, and improved backtesting capabilities. The broker launched MT5 in February 2025, expanding its platform offering.

The broker claims ultra-fast execution (under 1 ms) and market execution without requotes. However, these claims are not independently verified. The platforms are available on desktop, web, and mobile devices.

OnFin offers three account types: COPY, STANDARD, and ECN. The COPY account is designed for copy trading with a minimum deposit of $100 and maximum leverage of 1:1000. The STANDARD account, also with a $100 minimum deposit, provides leverage up to 1:3000, making it attractive for high-leverage traders. The ECN account has a lower minimum deposit of $50, leverage up to 1:1000, and a commission of $4 per lot.

All accounts operate on a floating spread model starting from 0.0 pips, with the ECN account typically offering tighter spreads due to direct market access. The margin call level is set at 100%, and the stop-out level at 40%. Maximum transaction size is 100 lots per trade.

The broker offers over 260 trading instruments spanning forex, metals, CFD indices, CFD commodities, and CFD stocks. Forex pairs include majors, minors, and exotics. Metals such as gold and silver are available, as well as indices from major global markets. Commodity CFDs cover energy and agricultural products, while stock CFDs give access to shares of major companies.

The broker also adds cryptocurrencies as an instrument category, though the specific crypto pairs are not detailed. This multi-asset offering allows traders to diversify their portfolios within a single platform.

OnFin features a copy trading service where clients can replicate the trades of selected strategy managers. The broker ranks strategies by performance and risk metrics, with top managers showing returns of over 35,000% in one case, though such figures should be viewed with caution as past performance does not guarantee future results. Copy trading is available across all account types.

The broker also offers swap-free (Islamic) accounts on request, affiliate and partner programs, and educational resources through its blog. Funding and withdrawal methods are stated on the website but not detailed in the available materials.