About ONAR CAPITAL LTD
Company Overview
ONAR CAPITAL LTD is a forex and CFD broker registered in Seychelles. According to aggregated industry data, it holds a Securities Dealer licence from the Seychelles Financial Services Authority (FSA). The broker's official website, onarcapital.com, presents a concise brand focused on leveraged trading with high leverage and low spreads.
Regulation and Licensing
The broker is regulated by the FSA Seychelles under a Securities Dealer licence. This is an offshore regulatory regime that may not offer the same investor protections as Tier-1 jurisdictions such as the FCA or ASIC. The FSA licence does not typically include compensation schemes or rigorous oversight, which is a consideration for traders.
Trading Instruments and Platforms
The broker's website lists trading with spreads as low as 0.0 pips, leverage up to 1:400, and micro lot trading from 0.01 lots. It offers a desktop application and a mobile app for trading, though no specific platform names (e.g., MetaTrader) are mentioned. The exact range of instruments (forex pairs, commodities, indices, etc.) is not specified on the site.
Account Types
No specific account types are detailed on the site; the broker instead focuses on its general trading conditions. Potential clients may need to contact the broker directly for information about minimum deposits, spreads, or commission structures.
Customer Support
24/7 dedicated support is promised, but the website does not list specific contact methods beyond the general presence of support. The broker states a commitment to enhancing the investment experience, but no phone numbers or live chat details are readily visible.
Target Audience
The broker appears aimed at retail traders seeking high leverage and low spreads, particularly those comfortable with an offshore regulatory environment. The promotion of micro lot trading suggests an appeal to smaller traders or those looking to test strategies with minimal capital.
Overview compiled by FXCanary from regulatory records and public data. full ONAR CAPITAL LTD review