OnsaFX
Company Background
The company claims to be based in Johannesburg, registered in South Africa under number 2023/648987/07, and launched in 2023. Besides, the firm claims to provide services to 15,000 clients from more than 60 countries and is also a Financial Services Provider (FSP) authorized by the South African Financial Conduct Authority and licensed by the FSCA under number FSP 53192. However, the website domain was only created on November 5, 2025. We will check the availability of the license, as well as the security and reliability of the broker in our OnsaFX review, as this organization may turn out to be illegitimate.
Overview of Services and Trading Terms
OnsaFX invites clients to trade more than 150 financial instruments on 4 markets, including Forex, via the MetaTrader 5 or WebTrader platform. However, the broker does not disclose the specific number of currency pairs to which it provides access.
The minimum deposit amount depends on the account level and ranges from $100 to $10K. It should be noted that information about commissions and additional fees is either missing or indicated in minimum values, for example, spreads from 0-0.8 points, and the actual parameters become known only after making a deposit. As for leverage, the tariffs indicate a maximum of 1:500.
In addition, OnsaFX offers educational materials and 24/5 support. Besides, the broker’s website contains four direct links to social networks: Facebook, X (Twitter), and others, whose profiles were created only at the end of 2025 and are practically inactive.
Referral and Bonus Schemes
There is an “Affiliate Program” section on onsamarket.com, in which the brokerage firm offers rewards to private and institutional clients for invited users. In addition, you can enter a referral code when registering an account. Unfortunately, there is no specific information about the size of the reward and the conditions of participation on the official website of this company.
Finally, we did not find any details about bonuses on this platform, such as a deposit bonus or account balance bonus. OnsaFX probably does not use such methods to attract clients.
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FAQ
Is there any income guarantee when trading with onsamarket.com?
What sum is necessary to begin dealing with OnsaFX?
What deposit and withdrawal methods are available?
Is onsamarket.com a legitimate website?
Is it like roulette with no guarantee of earning money?
Overall Score
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1 review14.01.2026 19:29THE TRADING CONDITIONS HERE ARE TRULY AWFUL
Spreads from 0.0 pips? Is this statement by Onsafx true? I haven’t seen the EUR/USD spreads go below 2.5 pips even once. Moreover, cross pairs, such as NZD/CAD, show spreads of 8 points or more, and there’s no point even talking about exotic pairs – it’s clear that even a profitable position of 90 points will ultimately turn out to be unprofitable. I decided to use the Web Trader platform for trading, as I was tired of MetaTrader, to put it mildly, and wanted something new and fresh. And I’ll say right away – I wish I hadn’t done that. Everything is very slow, and the quotes are somehow fake. In short, the onsamarket.com platform is unsuitable for trading. I left it and installed the standard MT5. And what do you think, did my problem get solved? No!!!!!! It seems that this is a deliberate action by Onsafx, specifically in terms of how it transmits quotes. For example, the closing price of a candle on M15 does not match the opening price – HOW IS THAT POSSIBLE??!!! I understand that when a session closes and opens, this is normal, for example, with currencies from Friday to Monday. However, how can this happen all the time? In short, as I understand it, the broker Onsafx is doing everything it can to prevent traders from trading profitably.
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1 review09.01.2026 04:18Don't believe the promises of these thieves and fraudsters
They won’t help you make money; they’ll just steal every last cent from you. I fell for their tricks and, as a result of fake stock quotes, I lost €487 in a week
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1 review05.01.2026 22:03That's why you can't trade here
A safe intermediary is one that has a license. Any brokerage site displays this document in the most prominent place, but Onsa FX has nothing at all, no scans or links. That means we can automatically consider the platform a scam and fraud. And that means you absolutely cannot trade here.
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1 review30.12.2025 09:06There is no point in working here
This is a boiler room! They use their quotes to create a false market situation!!! Please note that they profit from fake quotes. For example, there was active growth in the euro, but the onsamarket.com website showed a fall in quotes. I believed it because before that I had no reason to doubt their adequacy and honesty. The result was a loss of $2.4K in a short period of time. Then I couldn’t prove anything to the ONSAFX employees. In general, the managers accepted my application, said that a financier would call me back within 2 hours, and that I would be reimbursed. However, no one called back, and then they stopped responding to my complaints altogether. I made several more calls, but they pretended not to understand what I was talking about. I strongly advise you not to work with onsamarket.com!
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1 review28.12.2025 15:49Get out of there as soon as possible!!!!!!
This company is scamming its clients. They say one thing and do another, draw graphs, and there is no adequate regulator. They are pure scammers. Believe me…you won’t regret it.
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1 review27.12.2025 18:55They cheated me
If I had the chance, I would turn back time and never make a deposit here. But alas, I have already invested $12k here, which I will never see again. As it turned out, Onsafx is a scam platform created by who knows who, but only to lure money out of fools like me. I invested a lot of money here because I thought it was a large broker from South Africa with reasonable conditions. However, instead of stable trading and earnings, I got my account blocked on onsamarket.com. I fell victim to my own gullibility, so to speak. In short, withdrawals don’t work here, so stay away from this cheat broker and don’t even think about investing, or you’ll end up like me, writing complaints that Onsafx cheated you…..
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1 review26.12.2025 23:53How do I get my money back from here?
It’s been a week since I requested a withdrawal of my $5.6k, but there’s been no response from the broker: no reply, no processed request, no money, nothing 🙁 I don’t know what to do. I’ve already written them 100 emails, but to no avail. It seems that I’ve fallen prey to broker scammers, no doubt about it. I don’t know what to do. Do you have any solutions?
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1 review20.12.2025 08:43My money is gone...
Due to my inexperience at the beginning of my trading career, which started not so long ago, I fell for this scam. I believed in the certificate and believed that this was a real company. I gave them $460, but I couldn’t withdraw anything back… These scammers are ignoring me. It’s a sad story, but I hope it will be instructive for those who read my review.
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1 review19.12.2025 07:50They have a large customer base.
I was a little surprised when I visited their social media pages. Just so you understand, they have over 7,000 followers on Instagram, which is a lot for a brokerage company. In short, ONSAFX is well-known and attracts customers through its social media accounts. Therefore, it cannot be said that this is some kind of fake broker. In addition, it is valuable that the company was founded in 2023 and has been successfully and reliably providing access to trading for almost 4 years now. Yes, there is a small problem in that there are few analysts and no personal manager, but if you already know how to work with MetaTrader, then you don’t need any further explanation, you just need to figure out your personal account. So, what is the conclusion of this review? ONSAFX is a well-known broker in the trading industry and can be trusted.
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1 review16.12.2025 05:53There's a problem
I checked their website and found that it’s only been active since the end of 2025, even though their license was issued in 2023. And they haven’t mentioned anything about rebranding or changing their obsolete domain, like larger companies do. I don’t like this, and I definitely won’t be trading there.
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1 review14.12.2025 18:45INCOMPETENT SUPPORT
It’s a pity that you can’t add an audio recording here – I recently had to communicate with their technical support. They really don’t understand anything about trading!!! Anyway, I ordered a withdrawal of all my money and let it go to hell.
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1 review09.12.2025 14:22SCAMMERS
Friends, be careful! The anonymous owners of this company will not give you your money back. And there is no way you can get it back – not through the courts, not through chargebacks, not through any other means. These scammers stole $600 from me and they made sure they would get away with it.
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1 review08.12.2025 19:14Good and responsive support
The managers are very sociable and supportive of their clients. Several times they helped me get out of a situation where I was on a losing streak and just kept losing money, and I wanted to give up. However, the managers at ONSAFX supported me and told me that it was normal, that after a losing streak, a winning streak was sure to follow. I believe them, and it’s happening! Now I’m on a good streak again — my profits are growing, and my losses have been covered. Finally, I would also like to mention their analytics — it really works. They will always tell you where it is better to trade today using your instruments — long or short, or whether it is better to postpone trading.
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1 review27.11.2025 08:50THESE CROOKS DON'T WITHDRAW MONEY
They don’t let you trade, and every second there’s an error on the terminal, and then support gives you a boilerplate advice that you need to restart your computer… SCAMMERS!
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1 review25.11.2025 11:12It looks very much like a basic swindle!
They haven’t withdrawn my €328 for a month, they just keep promising. And then suddenly the money will disappear and no one will be to blame!
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1 review19.11.2025 09:39TOO MANY SIGNS OF A TRICKERY
There are many signs that onsamarket.com is a fraudulent platform. Judge for yourself: there are no documents confirming ONSAFX’s licensing, no real details of segregated accounts or legal data on liquidity providers, no insurance, no guarantees for traders whatsoever, the domain was created at the end of 2025, the names of team members are deliberately hidden, reviews and mentions only began to appear in 2025, and there is simply no real evidence that ONSAFX is a solvent company. How can you trust your money to such an intermediary after all this? Only a madman or a novice would do so. And judging by everything, these scammers are looking for the second category of victims. I hope my review will help at least someone save their money.
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