Meet OneFxGroup – a company that calls itself a leading provider of brokerage services. More than 370,000 clients trade here, and the headquarters is located in Ireland. Online reviews do not give us a clear understanding of the broker, whether it can be trusted or not, and how profitable the conditions are here. At the same time, it is worth noting the absence of a license and legal documents. So, what is the platform really like?
How to Trade
According to information from the official website, clients are offered to trade on the modern MetaTrader 5 platform with leverage ranging from 1:100 to 1:400, depending on the chosen tariff. OneFxGroup also provides a welcome bonus ranging from 30% to 150%, 24/7 customer support, and a personal analyst. The better the account type, the more favorable the swaps and spreads, the wider the leverage, and the more additional opportunities:
- Daily market update.
- News alerts.
- Private sessions.
- Market reviews.
- Smart money management plan.
- Protected trades from account analysts.
- Portfolio management.
To start trading, it is enough to register an account and replenish the deposit using one of the proposed methods. Beginners can get access to the training academy from OneFxGroup, and experienced traders can receive signals.
OneFxGroup Vital Info
The broker’s operating period is unknown because there is no such information on the website. In addition, there are no registration documents that could give us a clue about the platform’s launch date. Considering the small number of online reviews and a domain created only on September 12, 2023, we can confidently conclude that OneFxGroup is a young firm that has started its operations quite recently.
The company discloses its headquarters, which is located in Ireland. However, for unknown reasons, neither OneFxGroup nor the MGDA Holdings organization can be found in the registry of legal entities. The same applies to the registry of the Central Bank of Ireland, which oversees all brokers in the country. It is quite strange to see this.
I am planning to start cooperating with OneFxGroup. Can anyone tell me what to expect, is the platform here good, what about the trading conditions, what are the spreads, what are the commissions, is the order execution fast? I need this information before opening an account and depositing funds, so I don't waste time and especially don't waste money if there is no point in cooperating with OneFxGroup.
I understand that the company seems to have no license, but maybe it has one, or it operates safely and reliably without a license. In general, if you have any information about the firm, please write and let me know whether it can be trusted or not.
They are scammers.ı have bin lost 20k .Allso they providing your information to other
Scammers.
I wish I hadn't risked my money... Onefxgroup scammed me, stole more than 1k dollars... I only found out later that there is no license, no long operation period, no guarantees... the contact details are fake... it's frustrating to lose money so foolishly...
These bastards scammed me out of money!!! They promised one thing!!! But in fact, everything is different!!! They promised help, analytics, and guaranteed earnings, but instead, I lost my entire deposit within two weeks. THIS IS NOT NORMAL!!!
I wanna share my story about working with the broker Onefxgroup, which let me down and does not allow me to withdraw money from my own brokerage account. And in fact, everything started quite well, on the one hand, the company showed itself on a good side. I started trading with the “Explorer” tariff plan. Well, there wasn’t really a choice, as I didn’t have that much money. I started trading on the first one.
If I had started to figure all this out, I would have realized that everything here is fake and there are no real conditions here. From $1000, I earned $2100 and happily went to withdraw them, but at the moment of withdrawal, problems arose, the operation was approved and all $500 were debited from my brokerage account, but the money has not been coming for a week now. So here I am sitting and waiting. By the way, the support does not answer me. So, as I understand it, there is NO point in waiting, so I decided to leave a review about these scammers.
Look at the domain of the onefxgroup.com website; it was registered very recently. What kind of trading are we talking about? We are dealing with a classic fraud project, created very recently for the purpose of scamming people. There is no license, the legal address is fake, and they lie everywhere. What about 300k traders? That's fake. What about 100+ employees? That's also a blatant fake. The Onefxgroup broker is worthless. It's a dummy, fake, scam, just some stupid parody of a broker. Don't even think about investing money here; you will lose it. 100%, guaranteed. Believe me, I am an experienced trader, in the forex market since 2013, I know what I am writing about. Onefxgroup is a serial project of fraudsters and swindlers. Everyone who transfers money to the scammers will lose it forever.
You can't call trading in OneFxGroup profitable and comfortable. First, the trading terminal works very poorly. By the way, they lie that they have MetaTrader 5. In reality, there is some primitive webtrader here, which also can't be called normal software. The platform lags, often crashes, and the technical analysis is not saved; you need to do it anew each time. Second, the commissions are very high. You have to pay a large commission for each transaction. And you still have to pay the spreads, which are not small here. Third, the number of assets is not that large. Fourth, customer support seems to be absent. I wrote to them so many times, but I never got a response. Fifth, I didn't check the withdrawal of funds because I lost my deposit faster than I could request a withdrawal. Somehow, I think that the withdrawal of funds here does not work either. So I do not recommend dealing with this company; it's not worth it. Find a more profitable and safe platform for trading.
I have not dealt with onefxgroup, but I think it is a typical FX/CFD broker. The platform is standard, there are different types of accounts, flexible leverage, and nothing is known about spreads and commissions. The office in Ireland is a good place for legal registration. At least it's not offshore. 370,000 traders, if it's true, then this is really a significant advantage. I do not recommend you to open an account here, because I did not have practical interaction with the company.
Especially for those who didn't know. OneFxGroup is a fraudulent company that made up information about 300k+ traders, about a headquarters in Ireland, and much more. It is unknown where this broker is actually located. Most likely, it doesn't even exist in legal terms.
Please, do not believe a single word of these scammers and fraudsters. If you see positive reviews about OneFxGroup, these are fake reviews that cannot be trusted. These are purchased comments designed to lure you into this fraud trap.
They are real scammers! There's no other way to put it. Just a fraudulent website and a cash register for receiving money from trusted traders. There is no license, no names of the leaders. There is even a business model with a conflict of interest here. It is in the broker's interest for clients to lose money.
The best thing you can do is close the Onefxgroup website. There's nothing to do here because it's a scam broker. There is no license, the operation period is just a few weeks, the withdrawal of funds does not work, the scammers are anonymous, the platform is fake, and so on. There are a lot of downsides, and I don't want to list them all.