I've checked out the website. I was looking for some governing bodies that endorse this broker but didn't find any. Could I have missed this info somewhere?

Looks too good to be true... I'd be abit wary.

Yes. Sadly is right about Onada. Its a pity that they don't provide MT4 otherwise it would have been my prime choice. Currently I use Alpari, which is in my opinion, is not bad.