✔️ Information reviewed and updated in April 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):
All 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We must highlight the similarity between a broker (which we believe no longer exists, since its website is no longer active) called Onda Trade and the broker Onda Markets, we believe that they are the same people.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 ″]
Good afternoon,
For those of you who doubt whether to start investing with them, DO NOT do it.
To those of you who have something invested, DO NOT give them a single euro more.
They have also scammed me, I tell you my experience: they contacted me a few months ago by phone without explaining very well how they had achieved it (a certain Daniel). I made a first deposit and after weeks with good returns (always through an external trader, a certain Luis) I made more deposits of several thousand euros and the good results continued until I request to withdraw part of the funds. There they tell me that my account had a bonus associated with it that I have to "release" by doing an exorbitant minimum of operations (and that the commercial never explained to me). My external trader offers me to increase the risk of the operation to release it earlier and I expressly tell him that I DO NOT want them to do crazy things and after two weeks they do a currency operation in which they lose all my money at once, in one day. As it is. When reading a little about that currency pair in articles and specialized forums in the days before the operation, I realize that all the indicators and experts pointed in the opposite direction to the operation that my external trader had made: it was advised to “sell When my trader bought like hell. When I ask the trader to explain to me why they had made this operation, he tells me that he cannot tell me and that it is “confidential” information.
My intuition is that these people never get to invest your money, they think to take it from you from minute one, as soon as they see that you are no longer going to enter or as soon as you request withdrawal they lose it with one or two very risky operations.
If you have had a similar experience, send an email with your details to:
[email protected]
A group of those affected are organizing ourselves to take legal action against Onda Markets to try to recover the money, and for justice to stop their feet and if it is not possible at least they do not continue to do so by publishing our experience with them in all possible media .
Greetings and encouragement to all those affected
Thanks for your comments.
I think that the platform is manipulated, you are always “investing” with fictitious money in a demo account, a manipulated platform so the advisors seem like geniuses of the markets, your money from minute 1 is in the bank account of whoever owns Onda Markets, it is never invested or lost, or rather, you lose it, they always win ...
DOUBT: if the money is negative, can the account be closed? or do you owe it to the broker?
regards
Patrick, Murcia
Hello Patricio, forgive the delay in the answer, the truth is that if your account is negative and it will always end in 0 and no less, since they do not have legal capacity to claim it, since it is a fault of themselves for not placing the Anti-Negative-Balance system. If they didn't post this and couldn't avoid it, it's their fault, not yours.
A greeting.
Well, like everyone else, I see what I've gotten myself into, everything is fine until you ask for the capital withdrawal, the truth is unfortunate, and the CNMV doesn't really do anything, Spain at its best….
Hello "another scammed", thank you very much for sharing your experience with us, it is true that many times the CNMV is only capable of issuing a warning, which does not help much to people who have already been affected ...
A greeting.
Hello. I will decide with them last week and since then I have not heard from them. The phone number with which I spoke with my agent, a certain Carlos no longer exists. My account is zero and they do not respond to emails. If there is a representative of the company to contact me. Thank you. Or if anyone has a contact telephone number that exists, I thank you for providing it to me. My e-mail: [email protected]. Thanks
Hello Raúl, thank you very much for sharing your experience with us, as there was a certain Angel from Onda Markets, although we have rated the company negatively, we recommend caution, greetings.
The truth is that these people are not very legal, at first everything starts to go well, sometimes you lose, others you win, but when the time comes to withdraw the money, not only do they not give it to you if they do not take all the funds from you, leaving the account in negative, without having passed the operations that have been opened by your trading. Sad but true.
Hello “Bad people” thank you very much for sharing your experience with Onda Markets with us… Do you remember how you came to find them?
A greeting.
Good,
my experience with this broker is the following. A guy called me several times identifying himself as an Ondamarkets salesperson to convince me to put money in with them (I don't know where they got my number from), which had an average return of 20% per quarter. When I asked him more questions, it gave me the feeling that they did not have very tied the commercial material to deliver to clients. In any case, I decided to take a risk, and since that profitability seemed like a stupid thing to me, I told him that I was going to contribute a low amount to see if it was true. I put in € 3000 1 month ago and they have a 100% profitability.
In any case, none of this matters if I cannot withdraw my money. To this day I have not tried, but reading all the comments and seeing that within the CNMV website it is in the section of "unauthorized entities", it gives me little confidence.
regards
Hello NN, thank you very much for sharing your experience with Onda Markets with us, well look, the truth is that usually the problem comes when withdrawing, in any case try to withdraw your capital and tell us how you are doing.
All the best
Good afternoon, I have made a partial refund and it has been credited to me.
regards
After a few months working with them, I totally discourage it, I think they tricked me into getting the sablada from one day to the next. Come on, a full-blown scam. Don't put your money with them
I am Patricio, a few days ago I defamed the image of the broker in a heat, although it is true, there may be misunderstandings, I had a managed account but a trader external to the entity, everyone can lose, the trader is fantastic but the Markets are like that, they are sovereign and that has happened with my case but it does not mean that ondamarkets is at any time a scam responsible for my loss, they have also responded well and have returned the agreed amount to withdraw, replacing the same broker part of the losses Although they did not have to do it, I cannot advise people either well or badly, I simply want to clean up the bad image that I have been able to cause to the ondamarkets broker and that each one decides later
Attention!! The CNMV has issued a warning against Onda Markets !!
What happened Angel ???
I quote Angel, representative of Onda Markets: "We have an excellent reputation in the main media and national and international press" ... And the CNMV (National Securities Market Commission of Spain) warns about you .... What a good fuck reputation, by the way, I leave the link> https://www.cnmv.es/Portal/advertenciaslistado.aspx?tipoAdv=1
And by the way, I could never find you named in any media or press, I suppose you mean the CNMV mentioning that you are a financial chiringo?
Hello “ONDA TIMADORES MARKETS”, thank you for the information about the CNMV, we will proceed to update the review,
a greeting.
to the attention of Nick "Scammer .."
I am not your secretary EVENLY who finds time to defame you can lower the mouse a few centimeters, you can type in google yourself and you will see the information and links to the most important digital media making front page references with quality content, even on the first page Google page appears, there you can see it, another piece of information that denotes the quality of interlocutor is that you are using a missing nickname without giving your name while I do
This confirms that the Internet serves both to defame and to take advantage of any opportunity of a person who speaking on his behalf and not precisely on behalf of the mass defames with different nicknames and false names
each one to draw his conclusion.
hahaha, sure man, as if Angel were your real name, and by the way, I did not find any article, you are a liar like the rest of your employees ... Anyway, I will not waste any more time on this.
To the possible investors of Onda Markets, it is quite simple: Onda Markets = you will lose all your money, work with a regulated broker, not like this chiring of shit, you are unprotected.
I thank the forum brokers recommended by the space
Well angel, I answer you here, although Angel is probably not your real name, I have not found any of the "main digital media and international press" talking about Onda Markets, I think this website is more important than the media you mention, please , send them to me. Or what happens, there are none at all? Pure talk, like you.
Again dear because I still do not know your name but you do know mine, I invite you to search for yourself on the internet, there are dozens of our publications in national and international press newspapers providing content and seriousness
Are you our client? I would like to help you, the criticism is made from a non-defamatory basis, a fair debate is precisely this in the open and also knowing the part of the broker and clients who are happy with us and have published positive comments.
Well, I have not found any notes, please send me the notes, but I HAVE NOT FOUND ONE ... And I have, I have been a client of yours (obviously I could never withdraw a penny, like everyone else, you will see, for some reason or another you will not be able to withdraw, or the market when you want to withdraw, it will be very fluctuating and you will lose everything, something will happen, I assure you) and basically all the ones I contacted lost their money with you, I am still waiting for the notes in the "main digital media and international press "...