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ECN.Broker Review
ECN.Broker rebranded to OnFin in 2024. Both entities relied on Comoros MISA paperwork that country's own central bank says has no legal effect as a license.
Min Deposit
$100
Spreads From
Not published as a fixed pip number
Max Leverage
1:500
Platforms
MetaTrader 4, MetaTrader 5
Pros
- Now operates openly as OnFin instead of hiding behind the old name
- Runs on MetaTrader 4, MetaTrader 5, and cTrader all in one place
- Over 260 instruments listed across forex, indices, and crypto
- Leverage tiers are clearly published from 1:20 up to 1:500
Cons
- Neither ECN.Broker nor OnFin ever held a real financial regulator
- Its Comoros MISA license has no legal effect, per the Comoros central bank
- SVG, its original home, does not license or supervise forex brokers at all
- Leverage up to 1:500 is far above the 1:30 cap for EU and UK retail clients
ECN.Broker launched in 2015 under Esplanade Market Solutions Ltd, registered in Saint Vincent and the Grenadines. The SVG Financial Services Authority does not license or supervise forex or CFD brokers, so ECN.Broker never held a real regulator. In July 2024, the brand became OnFin, and the old ecn.broker address now redirects straight to onfin.io.
OnFin Ltd is registered in Moheli, part of the Union of the Comoros, and cites a Mwali International Services Authority brokerage license, number BFX2024038. Comoros own central bank has publicly said island level approvals like this carry no legal weight for banking or finance nationwide, so this paperwork adds little real protection for traders.
OnFin runs on MetaTrader 4, MetaTrader 5, and cTrader, with leverage from 1:20 up to 1:500 and over 260 instruments listed, including forex, indices, commodities, and crypto. Given the weak paperwork behind it, treat OnFin the same way you would any unregulated offshore broker.
Min. Deposit
USD 100
Max Leverage
1:500
Spreads From
Not published as a fixed pip number
Platforms
Regulation, fund safety, track record
Spreads, execution, leverage
Platform quality, charting, features
Analysis, webinars, learning materials
Support quality, responsiveness
Mobile app quality, features
