Review summary
OnsaFX, operating as OnsaFX (Pty) Ltd, is a broker established within the last 1-2 years and is registered in South Africa, positioning it as a regional entity. The firm holds an official Financial Sector Conduct Authority (FSCA) Derivatives Investment Advisory license in its home jurisdiction (license number 53192). It also holds a U.S. Financial Crimes Enforcement Network (FinCEN) Money Services Business license, which, while providing a compliance framework, is not a dedicated forex trading authorization. According to WikiFX data, its overall operational score stands at 7.06. OnsaFX offers a Full License MT5 platform, supporting multiple account tiers with maximum leverage up to 1:500 and entry-level deposits starting from $0.01 for basic accounts. Trading conditions vary by account type, with the Elite account featuring floating spreads starting from 0.0 pips. All accounts support scalping, Expert Advisors (EAs), and hedging strategies. This operational profile presents a mixed regulatory picture, combining a regulated advisory license with oversight from a non-traditional financial regulator, which warrants thorough due diligence before any engagement. Note: Regulatory status, trading conditions, and risk assessments may vary by jurisdiction. The WikiFX score reflects currently available information.Please verify all entity details independently before trading. (Updated: 2026-03-25)
