WikiFX

Reply

The main benefit of OnEquity being regulated by the Seychelles FSA is that it operates within the law of Seychelles, which is a good starting point for me as a trader. The platform offers a range of trading instruments, including forex, commodities, and cryptocurrencies, which adds to its appeal. However, the downside is that Seychelles’ regulatory environment does not offer the same level of protection as more well-established regulatory bodies. From my perspective, I’d be cautious about trading significant amounts with OnEquity broker, as its offshore regulation can’t guarantee the same level of legal recourse or investor protection. While the OnEquity minimum deposit of $25 makes it accessible for new traders, the lack of robust regulation makes me hesitant about committing larger sums.