✔️ Information reviewed and updated in May 2024 by Pedro Martínez González
In this section we will analyze the broker Onda Markets, is a forex and CFD broker.
The broker mentions being part of OndaMarkets Ltd.
As to its location, the broker mentions being based in Saint Vincent and the Grenadines.
If we analyze the regulation of the broker mentions being registered (not regulated) by a financial regulator of Saint Vincent and the Grenadines (SVGFSA).
If now we go on to analyze account types offered by Onda Markets, we note that it offers 3 different types: the FIX Ecn Account, the Pro ECN Account and the VIP ECN Account.
FIX Ecn account: € 500 minimum initial deposit, fixed spread from 1,8, no commissions, 0,01 minimum order size, ECN or STP execution, expert advisors, technical analysis reports, SMS trading alerts.
This is followed the Pro ECN Account: minimum initial deposit of € 1.000, fixed spread from 0,1, no commissions, minimum order size of 0,01, ECN or STP execution, expert advisors, technical analysis reports, SMS trading alerts, personalized training (from deposits of € 2.500).
The last type of account is the VIP Ecn account: minimum initial deposit of € 5.000, fixed spread from 0,1, commissions of € 2, minimum order size of 0,01, STP execution, expert advisors, technical analysis reports, SMS trading alerts, personalized training and accounts managed.
You can see even more characteristics about the account types of the Onda Markets broker in the following image (apparently the Onda Markets staff did not have time to translate their website completely):
The platforms to operate that Onda Markets offers are: MetaTrader 4 (MT4).
We will now analyze the different resources and aids for traders that Onda Markets provides to its clients on its website.
Onda Markets provides the following help or resources to traders or interested parties: different explanations of basic concepts in the world of trading (such as swaps, spreads, margin) not much more than that really.
Trade Wave
We must highlight the similarity between a broker (which we believe no longer exists, since its website is no longer active) called Onda Trade and the broker Onda Markets, we believe that they are the same people. Although it should also be noted that we have not found negative reviews about Onda Trade, you can read the Onda Trade section here.
Other information about Onda Markets
Some more information in case you want to contact the company, or see its website for yourself.
Website: www.ondamarkets.com
Telephone: + 34 (91) 060 2248
Email: not provided
Ending with this section, in our opiniondo we believe that the company Onda Markets is reliable? We are not sure. Why? Although it does not appear to have any reputation on the internet (we believe it is a new broker), it is an UNREGULATED broker, based in Saint Vincent and the Grenadines.Update March 2018: Due to recent messages received from clients of Onda Markets with negative experiences, the fact that the broker is not regulated and that the CNMV has warned about Onda Markets, we believe that it is not a recommended broker, we do not recommend it.
What is your opinion? Have you traded with this broker? Are you a customer? Do you think our opinion is not correct? We invite you to collaborate with us and vote, you can also leave a comment on our website with your experience if you are a client of the broker.
We leave a vote open so that traders, clients and users of the broker can vote.
[democracy id = ”77 ″]
It's all nice at the beginning, they ask you to put in capital, until when you want to withdraw they will put all the hitches and obstacles you can imagine, or they will simply tell you that your capital has been lost by the market ... I DO NOT RECOMMEND
It is a coincidence that there are only negative comments, it seems that the same person perhaps someone or some with a personal problem want to defame the brand, something fair would be for the admin to let the other party respond to see if they have something to say ... Yes?
I opened an account with this broker, asked to withdraw the money and they never completed the transfer. As if that were not enough, now the account is negative and it is I who owe them. THEY ARE SOME SCAMMERS BETTER USE SOMEONE SERIOUS. POSITIVE COMMENTS ARE FROM THEMSELVES.
Hi David, thank you very much for sharing your experience with Onda Markets with us, does that mean that you asked for the withdrawal and your account ended in zeros? Do you remember how you came to find them?
A greeting.
David something similar has happened to me and there are already several of us. You can contact me?? I leave you my email [email protected] Thank you
I was about to open an account with this broker but I have already been discouraged reading the comments. Actually, if a broker does not respond when clients want to withdraw money, they should close it and fine it. Hopefully they return the money to all those who have not complied with them and otherwise they are severely punished, we must unmask the scammers.
Has anyone else had a problem with them? Have they tried withdrawing large amounts of money and with what result?
Hello Richard, our opinion is still not very clear, as you will see we have received both positive and negative experiences, although it should be clarified that it is a NON-REGULATED broker.
A greeting.
I ami overnight they left my account at zero, even negative, they do not respond to me, I write to them and I lost nothing, a total of 2000 euros before this happened I tried to make a withdrawal and nothing at all they are scammers I do not know leave cheat on me, a certain Laura attended me
Good afternoon
To all those affected, as the legal part and representative of the broker, I will respond
Until now we know that some traders and investors affected are clients who had a trader or manager who does not belong to the broker, an external trader whose name you know and have to ask for explanations and account for what happened.
It cannot be that the image of the broker and reputation is stained in such bad faith with lack of professionalism
without factual criticism and censorship anywhere.
Please ask your manager why he has managed his capital this way
We cannot control what an IB or external manager does with your money, all withdrawals are processed on time unless a client is in an external Mam or with a contract linked to their personal manager, or has open or pending floating positions.
We have an excellent reputation in the main national and international media and press, and we are willing to collaborate and help anyone affected whenever it is our responsibility within a framework of dialogue and respect.
Attentively
Angel Ruiz
Ondamarkets Legal Department
"Excellent reputation" ???? You don't even have a reputation, two or three web pages mention you and already one with half of the comments mentioning scam, damn it… If you see this comment and plan to invest with Onda Markets, run away, you won't see a penny !!! , for something they changed their old page Onda Trade, surely when they have enough criticism against more they will change for a new one ...
An excellent reputation is to be in the main digital media and international press, I think that for an intelligent reader it will attract their attention as we can have a good reputation in the press and in a private forum where censorship predominates from morning to night there are only negative comments … Coincidence? MMM ,
always fed by the same criticism from the same person with different nicknames and under the same IP wants to defame the broker's brand, gentlemen this is not fair criticism, if we publish we publish all both the positive and negative comments without censorship.
Please send me the links to the main digital media and international press, I am waiting for you here ...
The reader, or better said, the smart investor invests with a REGULATED broker with a history, not with a piece of shit like Onda Markets
I invite you to look for it yourself and share it, there are several international media with good opinions
Are you our client? I would like to help you if you lower your voice ...
I tell you something, you scammed me, check my account and see
Like Patricio, these people made my entire account disappear, negative operations appeared without ever having been opened. Even having noticed that he did not want more than 1% per operation. This looks like a very bad looking beach bar.
Hello "Another daminificado" it is a pity to read your experience with this company, do you remember how you came to find Onda Markets?
A greeting.
If through one of its traders who advertises courses and encourages you to open with them. They have scammed me almost € 10.000 and when I am about to withdraw what little was left, (leaving a few euros in the account) they charge me € 75 for the withdrawal and they take out the total and not the amount that I request . The experience is not bad, it is disastrous
Hello “another damified”, it is a pity to read your experience with Onda Markets, the truth is that in principle we had it rated positively, but we have received numerous negative comments about the company.
A greeting.
To the attention of Patricio. I have an account open with them with enough money and the truth is that I was very scared when reading your comment. Obviously I immediately contacted my wave advisor for explanations. He told me that the account was put at 24000 in less than a month and that you assumed that risk, that just as you earned 20k in a month you could lose everything. What's more, to certify it, he sent me the whatsapp of the conversations with you. In my opinion, you are one of the many cheeks out there. Don't listen to this man.
Well I tell you that my case was scammed me
Ondamarkets just scammed me, they stole € 24,000 from me, this is a nightmare for me ... I opened my account with € 4,000 and eventually took it to € 24,000 the moment I asked to withdraw part of my money they apologized and told me that now It is not there, the account is at zero which is impossible because there is no open order ... I am desperate! If anyone knows what I can do please let me know. My email is [email protected]
Hello PAtricio, it is a pity to hear this, it is an unregulated broker, so precisely in this type of situation you are unprotected, you can contact the financial regulatory body of your country, depending on where you are from. Do you remember how you came to find Onda Markets?
A greeting.
They offer virtual money bonuses, in my opinion this can give an unreal security to the trader to operate and make him lose a lot of money, when withdrawing the money they are not fast, on the contrary, they try to persuade you not to take it out, my experience is bad .
Hello Jesus, thank you very much for sharing your experience with Onda Markets with us, do you remember how you came to find them?
A greeting.
Hello,
They give me signals and I am earning 9%. I recommend it
Hi Carlos, thank you very much for sharing your experience with us, we have one question, how did you come to find Onda Markets? All the best…
Hello Carlos, I have started this month and I have had 10%. How long have you been obtaining that profitability?
Good. I have been operating with this platform for 2 months and I have not had any problems, it is a little cheaper than my other broker, Avatrade.
Hello Alberto, thank you very much for sharing your opinion about Onda Markets, do you remember how you came to find them?
A greeting.
I went to a seminar a few months ago. He convinced me to be ECN. At the moment the executions are fast and the withdrawals arrive in 48 hours, sometimes 72. The only downside is that it does not have binaries.
Well binaries most of the time is scam, better not have binaries. Greetings and thanks for sharing your experience with Onda Markets.