Introduced in 2020, Onorio is an online trading broker that is based in Saint Vincent and the Grenadines. They offer a proprietary trading platform that allows traders to place trades on multiple financial instruments across different asset classes, including forex, cryptocurrencies, share CFDs, indices, and commodities. The broker provides traders with a knowledgeable client support team to assist them. Their clients enjoy access to various competitive trading conditions, such as leverage of up to 1:400, zero commissions, tight spreads, STP execution model, and more. There are different trading account options to choose from with a minimum deposit requirement of $250.
Onorio Review Introduction
In this Onorio review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support, and broker regulation.
You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers, including Onorio.
Onorio Platforms & Tools
The broker’s clients can buy and sell the available financial instruments using an in-house-developed trading platform that enables simple, fast, and straightforward access to worldwide trading. The platform was designed to suit all levels of traders thanks to its user-friendly interface and a plethora of advanced trading tools. The platform is web-based, and as such, it runs directly on modern web browsers without needing to download or install additional software. The WebTrader allows clients to trade from anywhere as long as there is an internet connection. The platform is also available as a mobile app that is compatible with smartphone devices running on Android and iOS. The mobile app is best suited for traders who desire to place trades and check trading positions anytime and from anywhere in the world, provided there is an internet connection.
Onorio Research & Education
There is an FAQ section on the broker’s website; it answers some of the clients’ most common questions. But, overall, the educational resources on the broker’s website is limited. It would help if they offered more learning resources, such as courses, trading guides, and blogs.
Onorio Trading Accounts
The following trading account options are available at Onorio: Classic, Gold, Platinum, and VIP accounts. The minimum deposit required to start trading is $250. In addition, there is a demo account option to help amateur traders to familiarize themselves with the broker’s trading platform before opening a live trading account.
Onorio Account Funding
The broker processes all clients’ deposit and withdrawal requests using bank transfers and credit/debit cards.
Onorio Customer Service
All clients’ general, technical, and account-based inquiries are sent to a knowledgeable customer support team that is available 24/7 to respond to them. The support team can be reached via Live Chat, online request form, telephone, email, and social media.
There is no regulatory information on the broker’s website at the moment. Most prospective traders would be deterred by a broker’s lack of regulation as the safety of their invested funds is not guaranteed.
Onorio Review Summary
Operating from Kingstown, Saint Vincent and the Grenadines, Onorio is an online trading broker that allows traders to buy and sell various financial instruments using an in-house-developed trading platform. A knowledgeable client support team is available 24/7 to assist traders. The minimum deposit required to start trading is $250. But, the broker is not regulated by any known financial authority at the moment. There is also a limited selection of educational resources and standalone trading tools.
It is worth mentioning that some of the trading products and services in this Onorio review may differ or not be available to traders in some countries due to regulations. As brokers’ terms can change over time, please verify all information is up to date directly from the Onorio broker website, which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage 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.