✔️ Information reviewed and updated in July 2024 by Pedro Martínez González

In this section we will tell you if we consider that the company ONTraders is a safe company or an unreliable company. Read our full analysis to find out everything!

We analyze the website, observe every detail and examine the main characteristics that are taken into account when choosing a good broker such as the location, the company to which it belongs, its regulation, its reputation...

Below we will show you essential information about ONTraders and we will tell you why we reached such a conclusion:

Basic Information

🌐 Websiteontraders.com
🏠 CompanyONTraders (unregistered)
RegulatoryNot regulated
📧 EmailDoes not have
📈 PlataformOwn platform
📌 AddressUnknown
🕑 Website ageWebsite registered on: December 24, 2013
Company typeForex Broker, Metals, Energies, Indices, Stocks and Cryptocurrencies

Company: ONTraders is owned by ONTraders (no registration information).

Location: ONTraders does not mention where it is registered.

We can already tell you that we are concerned about several characteristics of this company.

What is ONTraders?

After having carried out an analysis of the company's website, we can say that ONTraders is a Forex, Metals, Energies, Indices, Stocks and Cryptocurrencies broker.

Account types

The platform offers 5 different types of accounts:

ACCOUNT TYPEMINIMUM INITIAL DEPOSIT
Entry$ 250
Standard$ 2,500
Premium$ 25,000
Gold$ 100,000
More$ 250,000

Information on the web

On Traders website

Here we show you a screenshot of the ONTraders website, which is ontraders.com. The capture was made in JANUARY 2024.

Contact: phone numbers and email

This company does not provide any contact details; No email or phone number. What does this mean? That a company does not provide contact information is a very bad sign. Imagine that you have a problem or complaint and you have no way to contact them. It sounds really bad, doesn't it?

ONTraders Regulation

We have analyzed in depth the current ⚖️ regulatory situation ⚖️ in which this company finds itself and we have reached the following conclusion:

The truth is that here we find truly ALARMING information. This company mentions being regulated in the United Kingdom but does not provide us with enough information to verify that this regulation is real. This makes us believe that the company is trying to deceive us about its regulation. Please be very careful with these types of companies!

🚫 ONTraders Final Rating 🚫

ONTraders' comprehensive analysis reveals a number of highly questionable practices that challenge the reliability and legitimacy of this platform. The unregistered location and the presence of fake addresses, along with fake regulations (FCA) and fake licenses to operate from CySEC, FCA and CONSOB, raise serious concerns about the transparency and honesty of the entity.

The lack of regulation and a very negative general assessment indicate that ONTraders does not operate under the necessary regulations to safeguard the interests of investors. The numerous negative user comments, especially related to fund withdrawal issues, underline concerns about the platform's reliability.

The complaint by German financial regulator BaFin adds an additional level of severity to the situation, highlighting that the platform has attracted the attention of regulatory authorities due to dubious practices.

In short, based on the unregistered location, fake addresses and regulations, lack of regulation, very negative feedback, problems with withdrawals and the complaint by BaFin, it is highly recommended to avoid ONTraders. These disturbing aspects indicate not only unreliability, but also possible legal violations.

Updates

News about ONTraders:

Date Update – news
January 2024Complaint against ONTraders BaFin financial regulator

We note that the company already has complaints from financial regulators. Please be very careful!

User Reviews

[democracy id = ”9227 ″]

What is your opinion? We invite you to collaborate with us and vote. You can also leave a comment about your experience with ONTraders.

At the end of the review you will find customer comments.


How to Claim Money Scammed by ONTraders

If what you want is to know how to claim your capital, if you have been scammed, further down in the FAQ section you can find our advice.

How to Report ONTraders

If you feel dissatisfied with the service provided by the company, and for some reason you want to report it, below, in the FAQ section, you can find the best way to report this company.

FAQs

Are there (recommended) alternatives to ONTraders?

Yes, of course there are better and safer options! You can see here the brokers we recommend: ranking of the best brokers.

How can I report ONTraders?

This depends on where you are, you should go to the financial regulator in your country. Write us a comment on this review and we will help you.

Is ONTraders trustworthy?

No, ONTraders is not trustworthy at all. With unregistered location, fake addresses and regulations, lack of regulation, very negative rating, recurring problems with fund withdrawals and reporting by BaFin, it is advisable to avoid this platform. Look for more transparent and secure options to protect your investment. Invest with extreme caution and choose platforms with proven financial integrity!

How to recover money from ONTraders?

If you want to know how to recover your capital, you can see it here. We explain in detail the process of recovering money from a scam company, step by step.

About the Author: Pedro Martinez Gonzalez

I'll tell you a little about myself! I am a financial analyst and economist with a master's degree in finance.
About my studies: I studied at the University of Salamanca for a Degree in Economics and then did a Master's in Finance in Madrid.
Do you want more information? You can read more about me here in my biography.

2 comments on «ONTraders: OPINION AND COMMENTS – IS IT A SCAM?»

  1. JesusCr Reply

    This company is not trustworthy. I don't get paid yet, don't do it, you'll thank me later. Greetings.

    • Recommended-brokers.com Reply

      Hello JesúsCr, thank you for writing about ONTraders. Currently this broker is considered a SCAM.

      If you are a client, do not invest more money, their only objective is to steal from you, they manipulate operations manually and keep the money from the moment it reaches their accounts, it never enters the market, everything is prepared so that they make you lose your money to have the excuse of keeping it.

      If you decide to withdraw and they ask you for a ransom in the form of commissions, taxes, fees, legalizations, etc. Never pay it!, that is the alert, from that moment you have to know that you are a client of a scam broker and even if you pay they will never return it to you.

      To help other users or customers, provide as much information as possible, explain how everything happened, where you saw the advertising, who called you, numbers from which you were dialed, emails and everything that comes to mind.

      If you want to recover your money go to our chat or fill out the form in this link: CLAIM YOUR MONEY

      Greetings.

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