Onorio Review – Cryptocurrencies Trading
What you SHOULD know about this Forex Brokerage
Today, we’ll take a deep dive into their trading platforms, mobile app, commissions, customer service, regulatory oversight, and research tools.
All in all, we found Onorio.live to be one of the most advanced and competitive brokers in the market, and we’d recommend it to both beginners and experienced traders.
Before we dive in, it’s important to note that Forex trading involves significant risk of loss and is not suitable for all investors. Furthermore, CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Capital at risk.
Onorio charges a variable spread that is quite competitive when compared to its peers.
At time of publication, the EUR/USD was trading at 1.1 pips, though the “typical” spread hovers around 1 pip, and goes as low as 0.8 pips, according to their information page.
They have no deposit or withdrawal fees, but they do charge an account inactivity fee of 15$ per month after 1 year of no activity.
They also have an active trader discount, which allows high volume trader to get a fixed spread of up to 0.84 pips on the EUR/USD.
Due to the fact that they offer both high volume discounts and low minimum initial deposits (50$), this is a great broker for both beginners and experienced traders.
but to actually live what they charge and what leverage they offer , simply go and visit their webtrader.
when you click one one of the assets an you press the information tab in the top you see all the information you need .
Platforms and Tools
In terms of trading platforms, Onorio offers a great variety of tools.
Desktop users can trade using the desktop version of the platform, which is an industry standard platform for technical traders, and its own online platform, called Web trader.
We won’t go into much detail regarding desktop as this is it is one of the most robust, safe, and fastest platforms in the market.
It’s favored by technical traders due to the possibilities offered by the over 40 +pre-installed technical indicators.
The Web Trader, which is the main trading platform offered by Onorio was also a standout.
The tab system used for the web trader not not be confusing at the least, it should be easy as it is quite intuitive.
we still consider Onorio web trader platform to be one of the best in the industry.
It is quite basic and lacks some lot of the advanced features present in the web trader but it does what you would expect for a mobile trader. And the more advanced features, such as technical indicator charting, simply work.
Onorio offers phone support, live chat, and email support.
Phone support was fast to answer and is available 24 hours a day, 5 days a week. Email support was slower to answer but provided complete and relevant answers. Live chat wasn’t easy to find, but once we found it, it provided complete answers in a timely manner.
Overall, support was good, but not great. We’d recommend improving phone support availability to 7 days a week and making email support faster.
their FAQ is dealing with most questions so it should be worth a visit if you have any questions for this broker.
Onorio is one of the most complete brokers in the forex market regardless for being new in the industry. By offering low commissions, and advanced trading tools, it has positioned itself as a market leader for both beginners and advanced traders.