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Ontega

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Operating status: SCAM

Website: https://www.ontega.com/

Broker violations and abnormal records
  • 2023-08-01 BrokersView has Reviewed that Ontega is an Unregulated Broker

    According to its website, Ontega claims to be regulated by the Vanuatu Financial Services Commission (VFSC), the License Number is 14627. However, there is no matching information was found in the VFSC.

    The truth is that Ontega is not regulated by any regulators. Letting it hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.

    According to its website, Ontega claims to be regulated by the Vanuatu Financial Services Commission (VFSC), the License Number is 14627. However, there is no matching information was found in the VFSC.The truth is that Ontega is not regulated by any regulators. Letting it hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.

Related Complaints

Q&A

Is Ontega a scam?

fekingpissedoff
Seychelles
2023-08-22
ANSWER Yes, Ontega is a scam.While Ontega provides details about its regulatory status on its website, our research on this broker uncovered the truth that its regulatory information is fake.The supposed owner of ontega.com is Green Pole Ltd, a company claiming to be authorized by the Vanuatu Financial Services Commission (VFSC) with licence number 14627. However, neither the company name nor the license number appears on the Financial Dealers Licensee List of the VFSC. This is a red flag, suggesting that trading services or products provided via ontega.com are not licensed.Ontega also mentions a partner Rehoboth Ltd registered in Cyprus. However, we have been unable to locate any information amtching this firm in Cyprus Securities and Exchange Commission (CySEC) database. Since it is not a licensed investment firm by CySEC, the offerings of services/products in forex trading and brokerage are illegal.As such, Ontega is a scam. Investors dealing with this broker are exposed to significant risks such as financial losses and identity theft, as there are no rules in place to safeguard investors. Therefore, investors are advised against trading with unlicensed brokers like Ontega and instead to opt for a fully regulated one.
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