Onefxgroup Review – 4 concerning facts about onefxgroup.com

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Onefxgroup Review

🔴 Onefxgroup services are questionable – a warning sign!

🔴 Onefxgroup isn’t licensed – a red flag!

🔴 Onefxgroup isn’t transparent – a red flag!

🔴 Onefxgroup creates unrealistic expectations – a red flag!

What is Onefxgroup?

Onefxgroup is an unregulated investment platform similar to Excelfund, which we reviewed earlier. Problem with unregulated investment platforms is that they are not reliable and abuse the regulations. Make sure to stay away from them as they are anonymous and that they can disappear any time without notice. Companies providing online investment services without a license cannot provide their clients with any sort of protection.

Onefxgroup

Onefxgroup Regulation

Onefxgroup is unregulated and most likely totally illegal, which ultimately means that your funds will be in danger if you deposit! So, yet again, there is another reason to stay away from Onefxgroup!

As there is no regulation, the people running the platform can pocket your money while bearing no responsibility for their criminal actions. They can disappear any time without notice. Companies providing online investment services without a license cannot provide their clients with any sort of protection. In contrast, regulated firms are required by law to adhere to a slew of regulations that ensure the safety of clients’ funds. For example, in most jurisdictions, a company will get a license if it meets the minimum capital requirement that varies by country and may also depend on the product specification, business classification and so on.

To make sure you are dealing with a regulated and known investment platform, you should be able to find easily who is the CEO of this investment firm, who is running it etc. Lack of information is a big red flag since you don’t know who will be dealing with YOUR MONEY. This is the reason why they are dangerous to deal with.

On top of that, once you click and provide them with your e-mail and contact number they will ring you immediately and promise you anything to make you deposit money with them as fast as possible. Most of the scammers are experienced manipulators and before you know it they’d ask for your bank card numbers to assist you with the deposit. You shouldn’t provide this information. There is also a chance to become a victim of Identity theft, experiencing many more problems consequently.

Onefxgroup Complaints

Depending on the amount of experience people have with investment platforms, it may be easy to tell what is legitimate and off-base before the problem starts. However, most of you may not be aware that a platform is problematic before you already signed up. If they show any of these signs, either avoid them entirely or look very carefully before proceeding:

🔴 Not regulated

🔴 High fees and commissions

🔴 Not enough information on the website

🔴 Poor communication and refusal to answer questions

🔴 Pushy manner

🔴 Keeps mentioning rules and fees that were not outlined in the contract

🔴 Does not let you withdraw money from your account

Onefxgroup Products and Services

Onefxgroup is not safe, and we say so because it’s an unregulated investment platform – these schemes are never secure. They always promise things they won’t deliver, and Onefxgroup makes no exception – they claim that customers can earn big money, which is a scam offer seen from any viewpoint! Such promises are ludicrous, and they show that Onefxgroup is a suspected scam you should avoid! Beware! 

Onefxgroup Customer Support

Onefxgroup allows you to contact them through telephone contact and email. They do not provide any location data. There is no certainty in the contact information available.

You ought to receive an instant reply to your query, if not fast. Nevertheless, fraudsters cut off communications upon receiving your money. It is improbable to deliver a friendly interface without proper customer relations. Active customer support assists in determining more trust in the company.

Are Funds Safe With Onefxgroup?

With such lack of information and Onefxgroup being unregulated, funds are not safe. Security of funds is a huge problem with unregulated investment platforms. A red flag that we noticed is that they are withholding vital information to users. They could go bankrupt from one day to another since there are no banking information about them.

They does not guarantee the security of funds. The safety of your money is a top factor to consider in any platform. Any red flag is a warning you should not ignore. Investing your money with anonymous platforms not only puts your money at risk. Your data may fall into the wrong hands attracting criminal activities during the registration process.

Onefxgroup Withdrawals

The point at which many of our clients realize they are dealing with a scam broker is when they request to withdraw funds and the broker either won’t allow them or will make it difficult. They may employ the following tactics:

🔴 Will aggressively urge clients to make additional trades. The client often acquiesces because the broker will be quite pushy and make it clear he or she is in control since they hold the client’s funds

🔴 Will charge high withdrawal fees. Many clients will instead try to make more money to cover these high fees and will make more transactions instead of withdrawing

🔴 Cease communication. They may be evasive or simply not communicate at all.

If Onefxgroup is doing any of these things to avoid releasing your funds, contact our experts today.

Onefxgroup Review: our Conclusion!

Onefxgroup is an unregulated platform to avoid. Their method for investment is unreliable. Unregulated investment scams, in particular, are usually operated anonymously. Sooner or later, the service will inevitably close. They usually target traders and investors with little or no experience by promising fictitious investment opportunities. You’d better stay far away from unregulated entities and trade with regulated platforms only.

There is also the insolvency protections that unregulated platforms does not have access if they go bust.

Platforms who are not registered with or regulated by a regulatory organization are considered unregulated. Because they are not subject to any laws or restrictions imposed by financial regulatory organizations, they are free to trade as they see fit. Choosing an unlicensed platform comes with its own set of disadvantages.

If you have been scammed, leave a comment or if you wish to arrange a free consultation, feel free to submit your complaint by clicking the button bellow.

ℹ️ Onefxgroup Details
  • 🖥️ Website URL : www.onefxgroup.com
  • 👮 Regulation : Unregulated Investment Company
  • 🧭 Headquarters : N/A
  • 🏧 Minimum Deposit : $1,000
  • ⚖️ Leverage : 1:400
  • 🚨 01/11/2023 : British Columbia Securities Commission Warned Against Onefxgroup
  • 🚨 30/11/2023 : Manitoba Securities Commission (MSC) Warned Against One FX Group
  • 🚨 19/01/2024 : Autorité des marchés financiers (AMF) Warned Against OneFxGroup
  • 🚨 10/05/2024 : Ontario Securities Commission (OSC) Warned Against OneFxGroup aka ONEFXGROUP
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3 thoughts on “Onefxgroup Review – 4 concerning facts about onefxgroup.com”

  1. I have grown my account to $107000. They will not let me withdraw My funds. I have been told that I can not have any way of contacting them. They can only contact me when they want.

  2. Yes, I have been there with few others. So far I got burned only for $500.00.
    They come once in a while and say that I have a lot of money on my account, and that they give me a new password, and they want some more money to deposit and so on. Ha,ha.

  3. I feel I might’ve been fortunate. I did not provide any actual banking information, only a credit card, and I blocked the transaction before it went through. Of course, there is concern of them having my credit card information in particular but beyond that, I never provided the documents they required (Driver’s licence and last utility bill information). At this point, their incessant calling appears to be the only issue at this point as they seem to think they can reach me.

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