OneFxGroup Review

Who is Onefxgroup.com:

Onefxgroup.com is a website that claims to provide online trading services in forex, commodities, indices, stocks and cryptocurrencies. The website does not disclose any information about the owners, operators or legal status of the entity. It also does not provide any contact details, except for an email address and a web form.

Regulation Of Onefxgroup.com:

Onefxgroup.com does not hold an Australian financial services licence or Australian credit licence from ASIC, and is not authorised by a licensee. This means that it is operating illegally and without any oversight or protection for its clients. ASIC has issued a warning against this entity and advised investors to avoid it. Furthermore, Onefxgroup.com does not appear to be regulated by any other authority in any jurisdiction. It is therefore a high-risk entity that may be involved in fraud or scam activities.

Location Of Onefxgroup.com:

Onefxgroup.com does not disclose its physical location or address on its website. It only provides a phone number with a UK country code, but this does not mean that it is based or registered in the UK. The website may be using a virtual phone service or a proxy server to hide its real location. It is possible that Onefxgroup.com is operating from an offshore jurisdiction with lax or no regulation, such as Vanuatu, Seychelles or St. Vincent and the Grenadines.

Services Offered By Onefxgroup.com:

Onefxgroup.com claims to offer online trading services in various financial instruments, such as forex, commodities, indices, stocks and cryptocurrencies. It also claims to offer various account types, trading platforms, educational resources and bonuses. However, these claims are not verified or supported by any evidence or testimonials. The website does not provide any details about the trading conditions, fees, spreads, leverage, margin requirements or execution policies. It also does not provide any demo accounts or free trials for its services.

Reviews Of Onefxgroup.com:

Onefxgroup.com does not have any positive or credible reviews from its clients or independent sources. On the contrary, it has received many negative reviews and complaints from investors who have lost money or encountered problems with this entity. Some of the common issues reported by the victims include:

– Difficulty in withdrawing funds or closing accounts

– Unauthorised charges or deductions from their accounts

– False or misleading information about the services or bonuses

– Aggressive or rude customer service agents

– Manipulation of prices or trades

– Lack of response or communication from the entity

Customer Service Of Onefxgroup.com:

Onefxgroup.com does not provide any reliable or professional customer service to its clients. The only way to contact the entity is through an email address or a web form on its website. There is no phone number, live chat, social media or physical address available. The response time and quality of the communication are very poor and unsatisfactory. Many clients have reported that they have been ignored, lied to, threatened or insulted by the customer service agents of Onefxgroup.com.

Securing Your Investments Against Unscrupulous Brokers:

Onefxgroup.com is an unregulated and untrustworthy entity that poses a high risk of losing your money and personal information. If you have already invested with this entity, you should try to withdraw your funds as soon as possible and report it to ASIC and other relevant authorities. You should also beware of any recovery scams that may contact you and offer to help you get your money back for a fee.

If you are looking for a legitimate and regulated online trading service provider, you should do your due diligence and research before making any decision. You should check the following factors:

 

– The licence and registration status of the entity with ASIC or other reputable regulators

– The reputation and reviews of the entity from other clients and independent sources

– The terms and conditions of the service agreement and the disclosure documents

– The trading conditions, fees, spreads, leverage, margin requirements and execution policies

– The customer service quality and availability

– The security and privacy measures of the website and the platform

Conclusion:

Onefxgroup.com is a scam website that pretends to offer online trading services, but it is not regulated by ASIC or any other authority. It has many red flags and negative reviews that indicate that it is involved in fraud or scam activities. You should avoid this entity at all costs and protect your investments from unscrupulous brokers.