BrokersView
Search
Download
English
Sign In

OnyxTraders

Save

Operating status: SCAM

Website: https://www.onyx-traders.net/

Broker violations and abnormal records
  • 2023-06-18 The Spanish CNMV adds OnyxTraders to its warning list

    On June 19, 2023, the Comisión Nacional del Mercado de Valores (CNMV) added OnyxTraders to its warning list for providing investment services without authorization: https://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&sortExpression=Fecha&sortDirection=1&page=1

    On June 19, 2023, the Comisión Nacional del Mercado de Valores (CNMV) added OnyxTraders to its warning list for providing investment services without authorization: https://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&sortExpression=Fecha&sortDirection=1&page=1
  • 2023-06-19 BrokersView has reviewed that OnyxTraders is an unregulated broker

    The failure of OnyxTraders to disclose its regulatory information and licensing data can be interpreted as a scam indicator. Legitimate brokers always prominently display their accreditation and licenses to instill trust and transparency, whereas the lack of information thereof may suggest the status as an unlicensed broker. This is a red flag. The broker claims to be located in Switzerland, where individuals and companies of the financial industry are required to obtain authorization from the Swiss Financial Market Supervisory Authority (FINMA). However, our search for this trading platform in the FINMA registry didn't yield any results. This means it is operating outside the regulatory framework.

    Furthermore, the Comisión Nacional del Mercado de Valores (CNMV) has added OnyxTraders to its warning list for providing investment services without authorization.

    In essence, OnyxTraders is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

    The failure of OnyxTraders to disclose its regulatory information and licensing data can be interpreted as a scam indicator. Legitimate brokers always prominently display their accreditation and licenses to instill trust and transparency, whereas the lack of information thereof may suggest the status as an unlicensed broker. This is a red flag. The broker claims to be located in Switzerland, where individuals and companies of the financial industry are required to obtain authorization from the Swiss Financial Market Supervisory Authority (FINMA). However, our search for this trading platform in the FINMA registry didn't yield any results. This means it is operating outside the regulatory framework.Furthermore, the Comisión Nacional del Mercado de Valores (CNMV) has added OnyxTraders to its warning list for providing investment services without authorization.In essence, OnyxTraders is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.
  • 2023-07-27 The Swiss FINMA issues a warning against OnyxTraders

    On July 28, 2023, the Swiss Financial Market Supervisory Authority (FINMA) issued a warning against OnyxTraders, stating that this broker is not entered in its commercial register. https://www.finma.ch/en/finma-public/warning-list/onyxtraders-inc/

    On July 28, 2023, the Swiss Financial Market Supervisory Authority (FINMA) issued a warning against OnyxTraders, stating that this broker is not entered in its commercial register. https://www.finma.ch/en/finma-public/warning-list/onyxtraders-inc/

Related Complaints

Q&A

Does OnyxTraders offer islamic account?

Christine
Saipan
2023-07-05
ANSWER OnyxTraders is an unregulated broker that we advise against trading with, despite the seemingly attractive deals it offers.OnyxTraders has been unable to provide its regulatory information, a significant scam indicator. Legitimate brokers, in order to instill trust and transparency, always prominently display their accreditation and licenses. As such, the lack of information thereof may suggest the status as an unlicensed broker. The broker claims to be located in Switzerland, where individuals and companies in the financial industry are required to obtain authorization from the Swiss Financial Market Supervisory Authority (FINMA). However, no matching records could be found on the FINMA register, indicating it is operating outside the regulatory framework.Additionally, the Comisión Nacional del Mercado de Valores (CNMV) has added OnyxTraders to its warning list for providing investment services without authorization.Regarding your question, OnyxTraders is an unregulated broker carrying significant risks, such as financial losses and identity theft. Once your personal information and money are held by the trading platform, there are no rules in place to safeguard them. Therefore, we strongly suggest investors stay away from unregulated brokers like OnyxTraders and instead choose a fully regulated one to mitigate such risks.
See more

comments

Be the first to review.
Rate and Review

Your review

App Store

Google Play

Company Shop Application About Us Our Methodology Privacy Policy Contact Us

Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

Disclaimer:

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.