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ONEFX TRADE

United Kingdom|2-5 years|
Suspicious Scope of Business|High potential risk|

https://www.1fxtrade.com/

Website

Rating Index

Contact

+44 32310 01499
Onefxtradehelp24@gmail.com
https://www.1fxtrade.com/
Kemp house 160 city road, London EC1V 2NX - UK.

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

Disclosure

Danger

UK FCA
2022-10-18
ONEFX TRADE
ONEFX TRADE

Contact number

English

+44 32310 01499

Other ways of contact

Broker Information

More

Check whenever you want

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Warning: Low score, please stay away!
Previous Detection : 2024-11-21
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

ONEFX TRADE · WikiFX Survey

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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

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

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

2023-03-23 14:54

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

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

Review

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