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Onorio review
Quick Look at Onorio
Both new and experienced traders have a common wish, which is, to find a financial services provider that gives easy access to the global financial market and offers the best suite of tools and services.
For instance, traders or investors who hold assets in different markets such as currencies, cryptocurrencies, stocks, commodities, and indices, may find it hard to choose a financial services provider that offers exposure to these diverse markets.
Also, most traders also crave a financial services provider that makes it easy to make deposits and withdrawals. Unfortunately, most platforms only offer easy deposits while making the withdrawal of funds very hard.
All these problems are what Onorio, a financial services provider intends to solve for its customers.
In this review, we will be taking a closer look at what CFDs are, and the features of the Onorio platform.
Contract-for-Differences {CFDs}
Contract-for-difference {CFDs} are derivative products that allow investors to predict the next movement of the price of an asset over a specific period, without really owning the underlying asset.
An investor is bound to make a profit when trading CFDs if the price of the asset does what has been predicted. In the same way, they lose money when the price of the asset does not perform as predicted.
The possible profits and loss margin when it comes to trading CFDs is usually high. For this reason, trading or investing in CFDs is recommended for only those who understand the risk and can afford to lose money.
With the little explanation on CFDs, we are going to review the features of Onorio and why it is one of the best available to traders around the World
An Overview
Onorio was established in 2020 with the primary goal of helping traders of different trading experiences and skills to trade with ease.
Onorio is a fast-rising financial services provider giving clients the option to choose between more than 300 CFD instruments that span across Forex, commodities, cryptocurrencies, shares, metals, and indices.
Trading on these CFDs is supported by three main types of accounts: the Classic, Gold, and Platinum. VIP
Features of Onorio
Full Access To All Financial Markets Through CFDs
Some financial services provider limits a trader’s opportunity to get exposure to diverse financial markets, thereby forcing them to create and manage multiple accounts with different brokers. This is not the case with Onorio since it allows trading in all financial markets through CFDs.
These CFDs include Forex, index, commodities, cryptocurrencies, shares, metals, and stocks.
Onorio offers traders the following Forex CFDs; currency pairs like GBP/USD, EUR/JPY, NZD/USD, AUD/USD, USD/CHF, and much more.
When it comes to Stocks, Onorio offers shares from established companies like Apple, Netflix, and Adobe, and other startups.
ASX 100, DOW 100, DAX 30, S&P 500, and FTSE 100 are the indices offered by Onorio.
Onorio lists crypto-related CFD pairs like BTC/GBP, ETH/USD, LTC/EUR. Note that you do not need to own, mine, or store any of the cryptocurrencies that you choose to invest in. Rather you can speculate on their price action.
Commodity instruments such as Oil, Corn, Soya bean are being offered to traders as CFDs on the Onorio platform, as well as metals, such as Gold, Silver, and Copper.
A Traders’ Level Of Experience And Skill Is No Barrier
Many intending traders are unsure of how their needs will be met when it comes to the account types a brokerage platform offers. Onorio offers to all traders an account that will suit their needs. There is an account for new traders, experienced traders, and experts.
There are three main types of accounts:Classic, Gold, Platinum, and VIP.
Onorio Classic Account
The Silver Account is designed for traders with little or no trading experience. This account offers limited, but enough tools to its owners so that they can fully utilize market opportunities that will come their way. You can trade over 300+ assets with no commissions and enjoy maximum leverage of 1:100 .
Onorio Gold Account
The Gold Account is designed for traders with higher trading experience and skill than the silver accounts. Traders with this account can trade 350 assets.
They enjoy the maximum leverage of 1:150 and spreads are fixed and Variable.
Onorio Platinum Account
The Platinum account is designed for traders who are professionals. They enjoy prime contracts and max leverage of 1:200. As a bonus,’ the Platinum account comes with 100% deposit Bonus, and a dedicated account manager.
Onorio VIP Account
this is for the traders that look to trade on huge volumes and for them there are a whole set o different rules and options but this is something that is best discussed with the broker directly.
Onorio Islamic Account
Onorio provides an Islamic account for customers who wish to comply with Sharia law. This way, Muslims can trade the financial markets with confidence and without compromising their faith.
It is also vital to note that the Islamic account type has all the primary features of other trading accounts, but only differs because there are no interests or fees on trades placed by clients who sign up for it.
Seamless Deposits and Withdrawals
One of the things that irritate traders is being unable to make deposits and withdrawals anytime they want. As we noted earlier too, some brokerage platforms make deposits of funds so easy to withdrawals very tough.
The same cannot be said of Onorio as clients can fund their accounts with ease using credit or debit card, or through a Wiretransfer. It is exciting to note that funding of accounts is free of charge. $250 is the minimum amount that can be deposited into a user’s account. This limit applies only to the Silver and Gold accounts.
Withdrawal can’t be simpler than the one provided by Onorio. A user just has to find the withdrawal tab in the Onorioclient portal. A withdrawal form pops up after a user clicks on the tab, and the user is expected to fill the necessary details and choose the preferred payment method.
In line with payment options, Onorio provides only well-tested payment options.
Bank transfers and credit card payments are the primary payment options on the platforms.
A Simple Signup Process
One of the most natural things to do on the Onorio platform is opening an account. For intending users, opening an account is just one click away. On the homepage, there is an Open Account button.
An application form pops up after the user clicks the Open Account button. Users are expected to fill the form with accuracy. Once the registration is done, the account will be open to getting deposits and a user can start trading.
Cross-Platform Trading
Trading is done on the Onorio platform via their trading platforms for web, desktop, and mobile. Before we take a look at how this will affect trading, let us take a closer look at the trading platform.
Features Of Trading platform of Onorio
The user interface is the most endearing thing about the Onorio trading platform. It is so user friendly that a novice can use it. Traders can even customize the Onorio trading platform to their satisfaction. Anyone can use the trading platforms at any time on their desktops, mobile phone, and via the web. Traders are provided with Six different charts for a better understanding of the charts.
The Onorio trading platform is advanced, secure, and transparent. Before using a strategy to trade, it can be tested on the demo account. Traders are given the liberty to choose between 9 different time frames to place their trades. A vast array of indicators is provided for traders to conduct thorough analysis before placing a deal.
Traders can share ideas, all thanks to the online community that has been set up on the platform. T
How the Trading platform Affects Trading
The users of the Onorio platform can enjoy all the features on the trading platform.
One-click trading options and multiple order systems are enjoyed traders who are using a desktop. Additionally, a variety of technical trading indicators and real-time price quotes on different asset classes are included in the provision given to desktop users.
Real-time price quotes and trading history can be viewed by traders who trade using the web.
One-click options and 30 built-in technical indicators are also some of the benefits web users get.
onorio Customer Support Desk
Traders are tired of contacting financial services provider desk and not getting a reply from them. Conversely, Onorio has one of the best support desks. This support runs 24 hours daily and five days weekly, accessible via the website’s Live Chat, email, and telephone.
For more complex situations, clients can fill a complaint form and forward it to the broker’s office. After the support desk investigates the complaint, the trader will be contacted on or before 45 days with substantial feedback.
Educational Feature
The educational features of Onorio are somewhat poor. The fact that an intending user that has no experience will notice.
they knowthat the best sites out there that give trading courses and information are able to cater better to their clients as such traders are provided educational content that borders on pips, trading rules, emotional management, market chances and risks, technical analysis, through websites like Babypips.
Demo Account
A demo account is a simulator where beginners can practice what they have learned. It is the perfect playground for them to perfect their trading skills. The Onorio demo trading account comes with virtual money, so a trader does not need to risk his funds to improve the trading skills.
Countries That Supports Onorio
Currently, there are only two countries that support the Onorio platform. This means that people who are not residents of these countries cannot access the Onorio platform. These countries are the USA and Canada, as well as other countries that are blacklisted in general.
Conclusion
As we have covered in this review, the main features of Onorio are enticing, making it a viable option for traders.
The brokerage platform is exceptional they have a reliable support desk, and flexible deposits and withdrawals. Additionally, account types and functions support the need for all calibers of traders looking for a reliable broker.
The Review
Onorio Review
As we have covered in this review, the main features of Onorio are enticing, making it a viable option for traders. The brokerage platform is exceptional they have a reliable support desk, and flexible deposits and withdrawals. Additionally, account types and functions support the need for all calibers of traders looking for a reliable broker.
PROS
- innovating trading platform
- all strategies allowed
- Large asset index
- demo and Islamic account
- Multilingual
CONS
- not regulated BY EU
- Not MT4 or MT5
- Limited deposit options
