OneCapital Forex Broker provides real users with * positive reviews, * neutral reviews and 1 exposure review!
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Since July 13, 2023, the payout to my account 9560382 for 15,017.02 euros has been listed as outstanding. There are no contact support addresses and the dashboard is at a standstill.
Onecapital has garnered significant attention in the forex trading community, but the reviews paint a largely negative picture. Most sources classify Onecapital as an unregulated and potentially fraudulent broker, with numerous warnings issued by financial authorities, including the UK's Financial Conduct Authority (FCA) and Spain's Comisión Nacional del Mercado de Valores (CNMV). Key issues include a lack of transparency regarding its operations, unverified claims of regulation, and numerous complaints from users about withdrawal difficulties and aggressive marketing tactics.
Note: It's crucial to recognize that Onecapital operates under various entities across different jurisdictions, which complicates the regulatory landscape and raises the risk for potential investors.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 2 |
| Tools and Resources | 3 |
| Customer Service and Support | 2 |
| Trading Setup (Experience) | 3 |
| Trustworthiness | 1 |
| User Experience | 2 |
| (Optional) Additional Rating | 2 |
How We Rate Brokers: Our ratings are based on thorough analysis of user experiences, expert opinions, and factual data regarding the broker's offerings and regulatory status.
Established in 2019, Onecapital claims to operate under the name Nexus LLC and is purportedly based in St. Vincent and the Grenadines. However, the legitimacy of this claim is questionable, as multiple sources indicate that the broker lacks regulation by any reputable authority. Onecapital offers trading across various asset classes, including forex, commodities, indices, stocks, and cryptocurrencies, with a focus on providing a web-based trading platform. Unfortunately, the platform's specifics, such as whether it supports popular tools like MT4 or MT5, remain unclear.
Onecapital is not regulated by any major financial authority, which significantly raises the risk for investors. The FCA and CNMV have both issued warnings against the broker, indicating that it operates without proper authorization. This lack of regulation means that clients have limited recourse in case of disputes or issues related to fund withdrawals.
The broker accepts deposits primarily in cryptocurrencies, which is a common practice among unregulated brokers due to the anonymity and irreversibility of crypto transactions. Users have reported difficulties in withdrawing funds, with many stating that their requests were either delayed or outright denied. This raises significant concerns about the safety of funds held with Onecapital.
Onecapital requires a minimum deposit of $250 to open an account, which is relatively accessible. However, the absence of clear information regarding account types and their respective benefits is a red flag, as potential investors are left in the dark about what they can expect from their trading experience.
There is little information available regarding any bonuses or promotional offers from Onecapital. The lack of such incentives, combined with the broker's overall negative reputation, suggests that potential clients should be cautious.
Onecapital claims to offer a diverse range of trading instruments, including forex, commodities, indices, stocks, and cryptocurrencies. However, the quality of these offerings is questionable, given the broker's overall lack of transparency and regulation.
Little to no information is provided regarding the costs associated with trading on Onecapital, such as spreads, commissions, or hidden fees. This lack of clarity makes it difficult for users to assess the potential profitability of trading with this broker.
Onecapital advertises high leverage of up to 300:1, which can be attractive for traders looking to maximize their potential returns. However, such high leverage also increases risk, especially when trading with an unregulated broker.
The specific trading platform used by Onecapital remains ambiguous, with claims of utilizing a proprietary platform that lacks the features of established platforms like MT4 or MT5. This raises concerns about the quality and reliability of the trading experience offered.
Onecapital does not provide clear information on any restricted regions, but given its unregulated status, it is advisable for traders in heavily regulated jurisdictions to avoid this broker.
Customer support options are limited, and users have reported poor service experiences. The lack of transparency regarding available support languages further complicates the user experience.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 2 |
| Tools and Resources | 3 |
| Customer Service and Support | 2 |
| Trading Setup (Experience) | 3 |
| Trustworthiness | 1 |
| User Experience | 2 |
| (Optional) Additional Rating | 2 |
In conclusion, the Onecapital review indicates that potential investors should exercise extreme caution when considering this broker. The overwhelming consensus among experts and user reviews is that Onecapital poses significant risks, primarily due to its unregulated status and poor customer service. It is advisable to seek out regulated brokers with a solid reputation to ensure a safer trading experience.
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