Onyx Trade Group Review
Onyx Trade Group review is collected after a lot of effort and we finally concluded that the traders should not invest with Onyx Trade Group broker since their investments may not be safe with Onyx Trade Group.
Onyx Trade Group (St. Vincent & The Grenadines) – https://www.onyxtradegroup.uk (no longer active) has been operating in the State without the necessary permissions. Central Bank of Ireland (‘Central Bank’) (‘Central Bank’) has become aware that Onyx Trade Group (St. Vincent & The Grenadines) has been operating as an investment firm / investment firm firm without the appropriate authorisations. We have posted a list of unauthorised firms so far’.
Consumers should be aware that if they deal with a firm that is not authorised, they are not eligible for compensation from any available Compensation Scheme. Consumers can review our register to verify a business’s details and phone the company back directly using its advertised number. Do not go to our website to access it.
Broker Website – https://www.onyxtradegroup.uk
Headquarters or Area of Operation – St. Vincent & The Grenadines
Warnings – Central Bank of Ireland
When was the Onyx Trade Group website domain set up?
Having the potential to make someone go into a debt trap, scammers lure their victims in with irresistible offers and discounts. In this segment, we will be telling our readers about a few important points that you must look for in a broker before opening an account with them. Remember, nobody has a right over your money. Onyx Trade Group is found to possess some or all of the following traits of a scam broker. Please read them below and verify with Onyx Trade Group.
Onyx Trade Group Review: Red Flags
Onyx Trade Group Review: Regulation
Mostly, unregulated brokers offer investment opportunities that look and sound very attractive with the highest potential gains. Try to avoid such brokers as they must be trying to divert your attention from the regulation part. Sometimes, unregulated brokers share fake information about the regulation, true information is consistently open through the regulator’s sites, so analyze it cautiously.
In our case, Onyx Trade Group is unregulated, which is a major red flag against the broker in this Onyx Trade Group review. Check out more unregulated and untrustworthy scam brokers in our Scam Broker 2022 list.
Onyx Trade Group Review: Withdrawal Issues
Scam brokers convince customers that because of some technical problem they can’t access their accounts. They might utilize the accompanying strategies:
- Will charge high withdrawal expenses.
- Will forcefully encourage investors to make additional trades.
- Stop communication.
If Onyx Trade Group is doing any of these things and not allowing fund withdrawal, contact us today.
Onyx Trade Group Review: Complaints
You can find many negative Onyx Trade Group reviews on the web. We advise you to do a search for online reviews of brokers. A conventional web search can give experiences into whether negative remarks could simply be a disappointed dealer or something more serious. A decent enhancement to this kind of search is our scam brokers 2022 list, which indicates who are scam brokers and why you should avoid them. Acquire a more clear comprehension of the guidelines for forex brokers and any other brokers.
Is Minimum Deposit permissible?
The minimum deposit is generally asked in very small amounts by legitimate brokers as taking huge amounts as the minimum deposit is not advised by the regulations. However, the tradition of taking huge minimum deposits is extremely common in scam brokers as their main aim is to steal as much money as they can from the trader before they get suspicious. The usual amount asked by legitimate brokers lies in the range of $5 to $10. If the broker asks for an amount more than the average, chance of a scam.
Onyx Trade Group Review: Final Thoughts
To sum up, all that has been said above in this Onyx Trade Group review, we give you the power to decide whether the broker is a scam or not. We request the readers move forward with extreme caution.
Scam Victims Help specialists research the brokers and find if they are involved in scams. We researched a lot about brokers to assist customers in taking the right decision.
We suggest investors stay away from this broker and go for the genuine one. If you have been a victim of Onyx Trade Group scam or any other broker, do not feel embarrassed.
Victims of forex scams, cryptocurrency scams, binary scams, pet scams, dating/romance scams, or any number of scams should raise their voices and get their funds recovered. This will not only help them but all the victims who are struggling to get their deposits back. Apart from this, it will also help other people to be alert to such scammers and scams.
File a complaint right now and get instant help from our team in fund recovery!
Get help in forex scam recovery, crypto scam recovery, binary scam recovery, romance scam recovery, and also get a free consultation.
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Also, check which brokers got the warning from the Italian regulator CONSOB.