Onyx-traders.com is an online trading platform offering various financial instruments, including forex, commodities, indices, and stocks. It claims to provide its users with a secure and user-friendly trading environment. However, many people are skeptical about the legitimacy of this platform. This article will review onyx-traders.com and determine whether it is a scam or a legitimate platform.
Is onyx-traders.com a Licensed Broker?
First of all, we found that they changed their domain name from “onyx-traders.com” to “onyx-traders.net.” Here is the new website:
When we first searched with their old domain name, we found no website but several negative reviews like these:
This review is from 15th March, and then the broker changed their website address and operated under a new website. You cannot find any kind of regulation or license information on their website.
Why Should Not You Trust An Unlicensed Broker?
Trading with an unlicensed broker can be risky because they are not under any oversight or regulations. This means they can engage in fraudulent activities, such as manipulating prices, stealing client funds, or providing false information. In addition, if a trader encounters issues with an unlicensed broker, they have no legal recourse to protect their rights.
Can onyx-traders.com Be Trusted?
Due to its lack of regulation, we cannot recommend onyx-traders.com as a trustworthy trading platform. The company’s website does not provide transparent information about its ownership or management. The absence of these features suggests that onyx-traders.com is not interested in providing its users with a comprehensive trading experience.
What Do Traders Think About onyx-traders.com?
You can find some happy traders on their website. When you will read these posts, you will surely be convinced.
But if you carefully see between the line, you can understand that they are written in a same tone. Their languages are same. The real traders’ reviews are these:
Now, you decide what is true and what traders actually think about them.
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