Score

1.33 /10
Danger

ONEFX TRADE

United Kingdom

2-5 years

Suspicious Regulatory License

High potential risk

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Score

Regulatory Index0.00

Business Index5.64

Risk Management Index0.00

Software Index4.00

License Index0.00

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Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Regulatory disclosure

Danger

UK FCA
2022-10-18
ONEFX TRADE
ONEFX TRADE

Broker Information

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Company Name

ONEFX TRADE

Company Abbreviation

ONEFX TRADE

Platform registered country and region

United Kingdom

Company website

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Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2024-09-29
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

ONEFX TRADE · Company summary
AspectInformation
Company NameOneFX Trade
Registered Country/AreaUnited Kingdom
Founded Year2022
RegulationNot Regulated
Market InstrumentsForex
Customer SupportEmail (onefxtradehelp24@gmail.com) and Phone (443231001499)

Overview of ONEFX TRADE

OneFX Trade is a forex trading platform that has raised concerns regarding its legitimacy. It is not regulated by any major financial authorities and has received warnings from the FCA. User reviews also mention difficulties withdrawing funds and unresponsive customer service. Due to these red flags, it is not recommended to use OneFX Trade.

Overview of ONEFX TRADE

Pros and Cons

ProsCons
Not readily availableNot regulated by any major financial authorities
Received warnings from the FCA
User reviews mention difficulties withdrawing funds
User reviews mention unresponsive customer service

Pros

  • Not readily available: There is very little publicly available information about OneFX Trade's features, services, or account types. This lack of transparency makes it difficult to assess their platform and offerings.

Cons

  • Not regulated by any major financial authorities: This is a major red flag. Regulation helps ensure brokers operate fairly and protects your funds. Without regulatory oversight, there's a higher risk of scams and fraudulent activity.
  • Received warnings from the FCA: The Financial Conduct Authority (FCA) is a respected financial regulator in the UK. Warnings from the FCA indicate potential illegal activities or non-compliance with regulations.
  • User reviews mention difficulties withdrawing funds: This is a serious concern. If you can't easily withdraw your money, it suggests the platform may be restricting access to your funds.
  • User reviews mention unresponsive customer service: Reliable customer support is crucial for any trading platform. Negative reviews suggest OneFX Trade may not provide adequate assistance when you need it.

Regulatory Status

OneFX Trade is not regulated by any of the Level 1, Level 2 or Level 3 regulators identified in the source. This suggests that OneFX Trade is not a safe platform to trade with as it lacks regulatory oversight.

Customer Support

OneFX Trade offers customer support via email at onefxtradehelp24@gmail.com and phone at 443231001499. However, user reviews suggest that customer service is unresponsive.

Conclusion

OneFX Trade is a forex trading platform that has a number of red flags, including a lack of regulation and negative user reviews. Due to these issues, it is not recommended to use OneFX Trade.

FAQ

Is OneFX Trade safe?

There is no way to know for sure, but the lack of regulation and negative user reviews suggest that it is not safe.

Is OneFX Trade regulated?

No, OneFX Trade is not regulated by any major financial authorities.

Can I withdraw my money from OneFX Trade?

User reviews suggest that it may be difficult to withdraw money from OneFX Trade.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

News

NewsWatch Out! Don't be Fooled by Scam Broker OneFX Trade

Forex scams have long existed, and they will probably stay forever.

WikiFX
2023-03-23 14:54
Watch Out! Don't be Fooled by Scam Broker OneFX Trade

User Reviews

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User comment

3

Comments

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FX1607060732
more than one year
I had a disappointing experience with ONEFX TRADE. Without prior notice, they took away half of my profits and refused to refund me. This is unacceptable and shows a complete lack of respect. If they don't return my money, I will file a complaint with the FCA.
I had a disappointing experience with ONEFX TRADE. Without prior notice, they took away half of my profits and refused to refund me. This is unacceptable and shows a complete lack of respect. If they don't return my money, I will file a complaint with the FCA.
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2024-01-23 19:10
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xcvbnm
more than one year
I must say, my experience with ONEFX TRADE has not been very positive. There are numerous discussions across forums highlighting concerns about fraud and scams associated with this broker. Many users, including myself, have encountered slow transaction processes, which can be quite frustrating. Additionally, the limited payment methods offered by ONEFX TRADE raise doubts about the security of investments.
I must say, my experience with ONEFX TRADE has not been very positive. There are numerous discussions across forums highlighting concerns about fraud and scams associated with this broker. Many users, including myself, have encountered slow transaction processes, which can be quite frustrating. Additionally, the limited payment methods offered by ONEFX TRADE raise doubts about the security of investments.
Translate to English
2023-12-29 18:22
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