OnFin

First Acquaintance with OnFin: What Kind of Broker is This?

When I first visited the official OnFin website, I was immediately drawn to its modern design and clear structure. The company positions itself as an innovative broker with a focus on technology. Honestly, at first I was skeptical – newcomers in the forex market often appear and disappear just as quickly.

But digging deeper, I discovered that OnFin isn’t exactly a startup. Behind the company is a group of experienced financiers who previously worked in major banks and brokerage firms. This piqued my interest.

Regarding licensing – it’s not entirely clear-cut here. OnFin is registered as an international business company, but I couldn’t find specific regulatory information on their website. For those looking for a broker with FCA or CySEC licenses, this might be a drawback. However, for partnership programs, this isn’t always critical – the main thing is that payments are stable.

Registration and First Impressions of OnFin

The registration process on OnFin is maximally simplified. You fill in basic information, confirm your email – and that’s it, you can start working. The minimum deposit to start trading is just $10 – that’s truly a low entry threshold.

When I started looking for reviews about OnFin, I encountered an interesting situation – there are practically none. The company is too young to have accumulated a significant review base. The few opinions I found mainly concerned trading conditions, not the partnership program.

How OnFin’s Partnership Program Works

Here I discovered several interesting features that many competitors don’t have.

Multi-level Program of OnFin

This is the main direction that OnFin actively promotes. The system is built on the classic MLM principle, but with some peculiarities:

• 1st level: 20% of spread
• 2nd level: 10%
• 3rd level: 5%
• 4th level: 3%
• 5th level: 2%

What’s interesting is that depth up to 5 levels is quite substantial. Most brokers limit themselves to 2-3 levels.

Webmaster Program (IB) of OnFin

For those who don’t want to build a network, there’s a classic introducing broker scheme. You get 25% of the spread from all attracted clients. This is a decent indicator, especially considering that OnFin has fairly wide spreads.

Real Earnings Figures

Let’s move to the most interesting part – money. Here are my results over 6 months:

First Month of OnFin:

• Attracted 3 direct clients
• Their average turnover: $5000 per month
• My income: 3 × $5000 × 0.002 (average spread) × 25% = $75

Not much, but okay for starters.

Third Month of OnFin:

Built a small network of 5 partners

• My direct clients: 5 people
• Partners attracted another 15 clients
• Total turnover: about $50,000
• Income: approximately $400 per month

Sixth Month of OnFin:

Network grew to 30 partners across different levels

• Total monthly turnover: $200,000+
• My passive income: $1500-2000

Of course, these numbers didn’t fall from the sky. I had to work seriously on building the network.

Tools for Partners of OnFin

OnFin provides a rather modest but functional set of tools:

Partner Cabinet

• Basic client statistics
• Income charts
• Referral links
• Payment history

What’s missing:

• Ready-made advertising materials
• API for developers
• Detailed analytics

Referral Links

You can create unlimited links with various UTM tags. This helps track the effectiveness of different traffic sources.

Bonuses and Promotions

OnFin periodically launches partner promotions, but they’re not as generous as those from major brokers. During my time working with them, there were two promotions:

“Refer a Friend” – additional $10 bonus for each new partner
“Leader of the Month” – additional 5% to income for top-3 partners

Withdrawal of Funds

This is an important point that concerns many. Over 6 months, I withdrew funds 4 times:

• Minimum withdrawal amount: $50
• Commission: 0% (pleasantly surprising)
• Processing time: 1-3 business days
• Withdrawal methods: bank cards, e-wallets, cryptocurrencies

There were never any delays or problems with payments.

Pros of OnFin’s Partnership Program

1. Low entry threshold – you can start without any investment
2. Deep multi-level system – opportunity to build a large network
3. Stable payments – not a single delay in six months
4. Simple registration – without complicated verifications
5. Modern interface – pleasant to work with

Cons to Consider

1. Few ready-made materials – have to do much yourself
2. Limited analytics – difficult to deeply analyze effectiveness
3. Young company – no long history and large number of reviews
4. Unclear regulation – this might be important for some
5. Small client base – needs time to grow

My Recommendations

For Beginners:

Start with the IB program – it’s easier to understand. Focus on attracting 5-10 quality clients, and only then think about building a network.

For Experienced Partners:

Immediately build a multi-level network. The depth of 5 levels provides good potential for passive income.

For Everyone:

• Use different attraction channels
• Keep track of effectiveness of different methods
• Don’t forget about quality – 1 active client is better than 10 “dead” registrations

Pitfalls I Encountered

1. First 2 months income was minimal – need to be prepared for this
2. Conversion lower than with established brokers – people are cautious with new companies
3. Support doesn’t always respond quickly – apparently a small team

Comparison with Other Brokers

If comparing OnFin with the same AMarkets or InstaForex:

• Percentage rates are comparable
• Fewer tools
• Payments just as stable
• Less trust due to company’s youth

Development Prospects

OnFin is actively developing. Over 6 months I’ve seen several updates:

• Improved partner cabinet
• Added new withdrawal methods
• Expanded range of trading instruments

I think in a year or two this will be a quite competitive broker.

Final Verdict

Reliability: 3.5/5
Young company, but payments are stable

Profitability: 4/5
Good percentages, especially in multi-level program

Tools: 3/5
Minimum necessary, but room for growth

Support: 3/5
They respond, but not always quickly

Overall Rating: 3.5/5

Conclusions

OnFin is an interesting option for those who want to get into a project at an early stage. Yes, there are risks associated with the company’s youth, but the growth potential is higher.

If you’re just starting out in partnership marketing – perhaps it’s worth choosing a more established broker. If you already have experience – OnFin could be a good addition to your portfolio.

Personally, I’ll continue working with them. Over 6 months they’ve proven themselves as a reliable partner, and their program really generates income.