ANSWER The trading platform onyfxcompany appears to be an investment scam.Its claim that it is regulated by the Cyprus Securities and Exchange Commission (CySEC) is unfounded as no official documents support that claim. Also, its purporting of being regulated by the Financial Conduct Authority (FCA) has been refuted by the FCA itself. The FCA issued a warning against onyfxcompany, confirming that it is a scam operating in the UK.Therefore, trading with onyfxcompany may lead to fraud and identity theft, which could harm traders financially and personally. To protect their interests, investors are advised to steer clear of onyfxcompany and choose fully regulated brokers that have solid reputations.
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