Risk Alert

“The broker suddenly stopped withdrawals without a reason.” It‘s an excerpt from the complainant’s complaint. The complainant is from India and filed a complaint on May 14, 2024, against One Ozo regarding the fraud which happened to him.

He wrote in his complaint that he invested a hefty amount with his team and the broker in December 2023. We were earning well, but “the broker suddenly stopped the withdrawal without a reason and removed my account dollars, which were 50,000; now it shows 00000.”

The victim said when he contacted customer support about his withdrawal issue,. Their reply was this:

Hello dear user,

We wanted to update you on a recent decision made regarding investment withdrawals. Due to the current business environment and the need to ensure the long-term sustainability of our company, we have implemented a new policy regarding investment withdrawals. Moving forward, in order to withdraw your investment, we kindly request that you bring in two new investors who are willing to invest an amount equal to your initial investment. Additionally, the entire investment must be in cash.

“First of all, they do not have any policy at the time of withdrawal; they have prepared a policy.” Victim added. He alerts other investors by saying, Stay away from this broker.

WikiFX Review

To check the broker‘s legitimacy and credibility When we searched for Oneozo on WikiFX, We found it’s an unregulated broker with an extremely low score, which is 1.05 out of 10. WikiFX issued a warning there against this broker by saying:Warning: Low score, please stay away!

It has been verified that this broker currently has no valid regulation. Pse be aware of the risk!

The current information shows that this broker does not have trading software. Please be aware!

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