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Forex Broker Rating

OnsaFX

OnsaFX

Information about the broker OnsaFX

Rating: 1
Jurisdiction: South Africa
Regulators: FSCA
Foundation date: 2026
Site: https://onsamarket.com

Brief information OnsaFX

OnsaMarket operates as a brokerage platform under the OnsaFX brand, offering traders access to operations on global financial markets. The company presents itself as a regulated broker working with both private traders and institutional participants.

According to details published on the official website, the platform is managed by OnsaFX (Pty) Ltd, a company registered in the Republic of South Africa. Regulatory oversight is attributed to FSCA, n.l.: 53192. At the same time, the broker specifies that all trading services are delivered strictly on an execution-only model.

OnsaMarket

The company maintains several web resources associated with its operations:

  • onsamarket.com,

  • client.onsafx.com,

  • onsafx.com.

The declared office location is 26 Baker Street, Rosebank, Johannesburg, South Africa, 2196. Clients can contact the broker via the listed phone number +27 10 158 4439, as well as through online chat support and email communication.

OnsaFX offers trading access through the MT5 platform, available on desktop systems, mobile applications, and via a browser-based terminal.

Among the stated capabilities of the trading terminal are:

  • instant and deferred order placement

  • graphical price analysis and technical indicators

  • push notifications and trading alerts

  • protection against negative account balances

Clients of OnsaFX are offered trading across several asset categories:

  • foreign exchange instruments

  • commodity markets

  • global stock indices

  • contracts for difference on shares

The broker advertises the following account options:

  • Basic Account: $100. Variable spreads begin at 1.2 pips, trading fees are not charged, leverage is available up to 1:500, and orders are processed using the STP model.

  • Standard Account: $500. Leverage may reach 1:500, spreads start from 0.8 pips, commission fees are not applied, and trades are executed at market prices.

  • Advanced Account: $5,000. Maximum leverage is limited to 1:400. A commission of $4 per lot is applied, orders are routed via the ECN model, and spreads begin from 0.0 pips.

  • Elite Account: $10,000, leverage is capped at 1:400, commission remains $4 per lot, execution follows the ECN framework, and spreads are offered from 0.0 pips.

Payment methods on the website are presented as: 

  • Visa/MasterCard bank cards and transfers

  • Bitcoin cryptocurrency

  • UPI payment system

Transfer times, withdrawal limits, and commissions are not specified.

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Trader Reviews

It has been more than a day since I submitted my withdrawal request, but the money has not been received. I don't understand why I have to wait more than 24 hours for a withdrawal from the broker OnsaFX. Even after a day, the status of the request has not changed. Update: the funds were credited approximately 26 hours after I submitted the request and a couple of hours after I left this review. Despite this, I cannot recommend this broker - the withdrawal process is too long and unclear.

  • 3 hours ago

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