OnsaFX Review: Regulation, Licences & Platforms

OnsaFX is a forex and CFD broker operated by OnsaFX (Pty) Ltd, based in South Africa. The company provides access to online trading through the MetaTrader 5 platform and offers a range of account tiers. Its website is onsafx.com.

Regulation & licensing

OnsaFX operates under oversight from two authorities in different jurisdictions.

In South Africa, the broker is regulated by the Financial Sector Conduct Authority (FSCA) under licence number 53192, with the regulated legal entity listed as OnsaFX (Pty) Ltd.

In the United States, the entity OnsaFX PTY LTD is registered with the Financial Crimes Enforcement Network (FinCEN) under registration number 31000301383062. FinCEN registration relates to anti-money-laundering and financial-crime reporting requirements.

Trading platforms

OnsaFX provides the MetaTrader 5 (MT5) platform, which supports charting, technical analysis, and order execution across supported instruments.

Account types

The broker offers four account tiers:

• Elite
• Advanced
• Standart
• Basic

Readers are encouraged to verify a broker’s licence details directly with the named regulator before opening an account.