OnFin Review 2026: Investigating $45K+ Fund Loss & Other Trading Allegations

OnFin, a Comoros-based multi-asset brokerage firm, impresses users with its wide range of products and trading platforms. However, user reviews largely reflect negative sentiments for the broker. Withdrawal issues have allegedly become the talking point among users on broker review platforms such as WikiFX. Among the complaints, one user even highlighted a fund scam totaling over $45,000. Additionally, the alleged failure of the broker in providing trade logs added to negative OnFin reviews. While examining the reviews, we have provided a regulatory overview of the broker.

OnFin Broker Overview: Market Access Explained

OnFin offers a wide range of trading products - Forex, Metals, Indices, Cryptocurrencies, Commodities and US Shares.

As of now, 56 currency pairs are listed on the OnFin platform. Some of these include AUD/CAD, EUR/AUD, GBP/USD, USD/CAD, etc.

As a trader, you can invest in eight metals, including gold and silver.

The platform lets you trade as many as 14 indices. Some of these include DowJones30, FTSE100, ASX200, CAC40, EuroStoxx50, etc.

Three options for energy trading on the platform are Brent Crude, WTI Crude and Natural Gas.

As many as 18 cryptocurrencies are backed by the platform for trading. These include Bitcoin, Ethereum, Litecoin, Dogecoin, TRX, etc.

Some popular US stocks on the OnFin platform include Apple, Amazon, AbbVie Common Stock, Airbnb Inc, etc.

OnFin Broker Trading Account Types

OnFin offers three trading accounts - ECN, Standard and Copy - to align with different user requirements. The table below demonstrates the offerings across each account.

The broker offers both MetaTrader 4 and MetaTrader 5 platforms for trading.

The minimum deposit required is affordable for both beginners and experienced traders. Even the minimum spread charged to ECN and Standard accounts remain impressive. While using the maximum leverage offered can help traders acquire a wider market position, it can also lead to an unfortunate account blowup circumstance, especially in a volatile market.

Top Trading Allegations Against OnFin Broker

Investigating a Case Involving Withheld Funds Worth Over $45K

A user from Italy admitted to having held over $45,000 equity across two fully verifiable trading accounts. As the trader requested profits, the broker allegedly revoked the former‘s access. According to the user, the broker’s dealing desk manually injected fake account entries labelled service into MetaTrader 5 (MT5) to wipe off the trading account balance. The user even accused the brokerage entity of liquidating his highly optimized swing trades at the market bottom on gold and silver, damaging his strategic portfolio. In response, the user asked for server execution logs, which he reportedly could not receive from the broker. This extensive OnFin review captures the frustration the trader claimed to have while trading with this brokerage firm.

A Cryptocurrency Withdrawal Failure Case

A British user highlighted a peculiar case, claiming that he used a wallet service to deposit funds into his cryptocurrency account. As the trader sought a fund withdrawal, the broker allegedly declined the request. For more details, read this users review.

Two Users Claim Withdrawal Denials Based on an Impractical Lot Trading Requirement

A user from Italy reportedly deposited approximately USD 3,000 and applied for withdrawals a few weeks later. However, the broker allegedly denied the request, highlighting that for every withdrawal worth $100, the trader would need to trade 3 lots, with each trade needing to stay open for at least five minutes and profit/loss to be a minimum of 3 pips. The same issue was highlighted by a Romanian user, with an addition that each lot consisted of 100,000 units. So three lots would mean 300,000 units. Investing so much to withdraw just $100 did not make sense, according to the user. Reportedly aggrieved by this, these two users shared negative OnFin reviews online.

$1000 Reportedly Blown Away, a Trader Alleged

A trader from India claimed that he and his friend accepted the minimum $1000 investment to start an OnFin trading account and completed all the details and the verification process. The brokers official even gave a particular date on which the trading had to begin. However, according to the user, funds worth $1,000 were reportedly blown a day before. When inquired, the official allegedly informed that, due to the changed setting on the OnFin login dashboard, the trader was able to see an account blowup. However, the official reportedly removed the trader and his friend from the group and deleted chat records. This long complaint reveals more about the reported issues. Have a look.

Constant Deposit Pressure Allegation

A user from Estonia revealed that despite having no open positions, no bonus and no obligations, OnFin broker denied a fund withdrawal. Instead, the broker reportedly asked for more deposits. Here is the OnFin review.

Investigating the OnFin Regulation Status

OnFin Ltd. claims to be a licensed entity on the Island of Moheli, Comoros Union, with a license number BFX2024038. However, upon an independent WikiFX investigation, it was revealed that the broker did not have any license, raising questions over the brokers authenticity. As a result, the WikiFX team gave the broker a score of just 2.05 out of 10.

Additionally, the area of jurisdiction, i.e., Comoros Union, is not appreciated much in the forex community. The area reportedly has offshore regulation, greatly reducing the advantages traders across locations such as the United Kingdom, Australia and Cyprus get from entities regulated by the Financial Conduct Authority (FCA), the Australian Securities & Investments Commission (ASIC) and the Cyprus Securities & Exchange Commission (CYSEC).

Conclusion

OnFin may boast of a wide range of trading products over a short stay of over two years in the brokerage industry. However, despite appealing products, negative OnFin reviews continue to haunt the brokers reputation. Also, the contradiction between what the company claims regarding regulation and what is true about it further raises questions about its authenticity. Based on this contradiction, a largely negatively viewed jurisdiction and a no license status make it seemingly unsafe for traders. Conduct a detailed investigation with WikiFX before signing a deal.