on fin

Based on the latest broker data, on fin (OnFin Ltd) has a low core score of 2.09 out of 10 and a regulatory index of 4.88, indicating significant risks. The broker is not regulated by any major financial authority and operates from Comoros. User reviews are mixed, with one verified complaint about restrictive withdrawal conditions. Given these factors, the platform is not considered safe and reliable for trading. Investors should exercise extreme caution.

No, on fin is not regulated. The latest broker data shows its regulatory status as 'Not Regulated,' and its license list contains no valid financial licenses. The broker is registered in Comoros, which is not a recognized regulatory jurisdiction for forex and CFD trading.

The minimum deposit varies by account type: for the COPY and STANDARD accounts it is $100, and for the ECN account it is $50. All deposits are accepted in various currencies including USD, EUR, INR, RUB, and cryptocurrencies.

Yes, on fin supports both MT4 and MT5. The broker data indicates it holds full licenses for both platforms, with 2 MT4 instances and 1 MT5 instance available.

Pros: Supports MT4/MT5, multiple account types (COPY, STANDARD, ECN), high leverage up to 1:3000, low minimum deposit ($50), wide range of deposit/withdrawal methods including cryptocurrencies, and generally positive user reviews regarding platform stability and customer support. Cons: Not regulated by any major authority, low overall safety score (2.09), one verified user complaint about restrictive withdrawal conditions (requiring high trading volume to withdraw), and potential high risk due to excessive leverage.

Yes, there is at least one user complaint. A user named 'Onocan Mihai' reported that withdrawal conditions are restrictive, stating that to withdraw $100, a trader must complete 3 standard lots of trading volume, and that the broker threatened account closure if the user did not comply. Other users have reported positive experiences, but this complaint highlights potential issues with fund accessibility.

The broker data does not explicitly state regional availability for the US. However, given that on fin is not regulated by any US financial authority (such as the CFTC or SEC) and operates from Comoros, it is highly unlikely that it offers services to US residents. Additionally, many unregulated brokers restrict US clients. WikiFX advises users to verify eligibility directly with the broker.

Deposits are convenient with over 20 methods including UPI, AwPay, BTC, USDT, local bank transfers, and e-wallets. Most deposits are processed instantly with 0% fees. Withdrawals offer fewer options (e.g., BTC, USDT, AwPay, SticPay) and typically take 1–5 business days, also with 0% fees. Minimum withdrawal amounts vary by method (e.g., $1 for SticPay, $10 for USDT). Overall, deposit convenience is high; withdrawal processing times are standard but may be subject to the broker's verification procedures.

on fin offers three account types: COPY, STANDARD, and ECN. The COPY and STANDARD accounts have a minimum deposit of $100, floating spreads from 2.4 pips, and maximum leverage of 1:1000 (COPY) and 1:3000 (STANDARD). The ECN account has a minimum deposit of $50, floating spreads from 0.0 pips, and maximum leverage of 1:1000. All account types allow scalping, hedging, EA usage, and support Islamic accounts. The ECN account typically offers tighter spreads but may have a commission structure (not specified). The COPY account is likely designed for copy trading.

The maximum leverage offered by on fin is up to 1:3000 (on the STANDARD account), with other accounts offering up to 1:1000. Such high leverage significantly amplifies both potential profits and losses, making the risk extremely high. Combined with the broker's lack of regulation and low safety score, leveraged trading with on fin should be approached with extreme caution.

To determine whether a broker is regulated, the key is to verify whether it holds a valid financial license. Investors can check the license number and status through the official websites of regulatory authorities (such as Financial Conduct Authority, Australian Securities and Investments Commission) to confirm whether the license is real and under valid supervision. It should be noted that some brokers may engage in license cloning or unauthorized operations, meaning they use another company's license or provide services in regions where they are not authorized. These situations also involve risks. In addition, investors can use WikiFX to check the broker's regulatory status, historical records, and risk ratings as supporting reference, so as to evaluate its compliance more comprehensively.

A cloned broker website refers to a fraudulent website that imitates the information of a legitimate broker. Such websites usually copy the real company's brand name, page design, and even regulatory information to mislead investors into making deposits. Common features include: a domain name highly similar to the official website (such as slight spelling differences), abnormal or unverifiable contact information, and promises of unusually high returns. Once funds enter such platforms, they are usually difficult to recover. Investors can identify potential risks by checking the official domain name, verifying regulatory information, and using WikiFX for cross-verification.

A broker can be evaluated as a potential scam platform by considering multiple factors such as regulatory qualifications, user complaints, fund security, and platform data. In general, brokers without valid regulation, those that frequently have withdrawal problems, those with a large number of user complaints, or those providing false information usually carry higher risks. You can check the broker's regulatory status, overall rating, exposure records, and user reviews on the WikiFX platform, and make judgments based on multi-dimensional data to effectively identify and avoid scam platform risks.

If a broker holds multiple regulatory licenses, it usually means that it operates in multiple countries or regions and needs to comply with the requirements of different regulatory authorities. Its overall credibility is generally higher. However, it should be noted that regulatory strength differs between licenses. Some offshore regulations have weaker restrictions, so safety should not be judged only by the number of licenses. It is recommended to focus on whether the broker holds licenses from major regulators such as FCA or ASIC, and evaluate its regulatory status, historical records, and overall rating together. You can also check all regulatory information and performance under different regulators on the WikiFX platform to more comprehensively assess its actual risk level.

WikiFX ratings are calculated based on a multi-dimensional data model, mainly including five dimensions: regulatory index, license index, business index, risk control index, and software index. The rating adopts a range system (0-10 points). The higher the score, the higher the broker's overall performance level. In addition, ratings are dynamically updated according to regulatory changes, complaint handling results, and historical data performance, making the rating more objective and timely. You can check the scores of each dimension and their trends on the WikiFX platform to evaluate the broker's actual situation more comprehensively.