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

In this section we will tell you why You should NOT invest in OnyxTraders. We analyze the website, we observe every detail and we 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…

A pocas palabras WE DO NOT RECOMMEND IT. Below we will show you essential information about OnyxTraders and tell you why we came to such a conclusion:

Basic Information

🌐 Websiteonyx-traders.com
RegulatoryNot regulated
📧 Email[email protected]
📈 Leadingown platform
📌 DirectionBleicherweg, 8002 Zurich, Switzerland

⚠️ OnyxTraders is owned by ONYXTRADERS INC, the company is located in Switzerland, a potentially dangerous tax haven for its clients due to its lack of regulation and lack of seriousness. Clients are unprotected. The company is located in a very unsafe place, be careful. ⚠️

Account types

Now we will analyze the types of accounts that OnyxTraders offers, in this case, we observe that it offers 5 different types of accounts:

Account typeMinimum initial deposit
VIPon request

Information on the web

OnyxTraders website

OnyxTraders provides a basic explanation of the financial products it offers, market news and analysis, economic calendar, asset calculator, live charts, personal experiences, glossaries, really not much more than this.

List of phone numbers

+1 450 254 1016

+44 7362 053589

+34 915 467 832

+61 2 4072 2657

+32 460 24 18 37

🚫 Final valuation of OnyxTraders 🚫

Finally, and in a few words, our recommendation is: DO NOT INVEST WITH OnyxTraders.

As we mentioned before, it is a financial company located in a place where you will not have protection from the law in case of being harmed, that is, you will not be able to claim anyone if an unfortunate event occurs such as the sudden loss of your funds or the closure of the company.

In case of problems, it is most likely that the authorities of your country will not be able to do anything. As a client of this company you are unprotected!

Investing with unregulated brokers or brokers based in such countries is very risky. It is best to invest with a regulated broker, based in a serious country.


News about OnyxTraders:

Date Update – news
December 2022According to messages received, it is linked to Intel Academy, WE SUGGEST CAUTION.
March 2023OnyxTraders is denounced by the regulatory body CNMV.
June 2023OnyxTraders was once again warned by the regulatory body CNMV

User Reviews

[democracy id = ”6049 ″]

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

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

How to Claim Money Scammed by OnyxTraders

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 OnyxTraders

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.


How can I report OnyxTraders?

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 OnyxTraders a scam – is it a scam?

Yes. We believe OnyxTraders is Scam. We have received messages from clients who mention not being able to withdraw their capital, this added to other very negative characteristics of the company.

Is OnyxTraders trustworthy?

No. OnyxTraders is not trustworthy, it is a very unsafe company: 1) is based in unsafe countries, 2) has a very bad reputation 3) has a lot of complaints 4) It is a relatively new broker without seniority. These characteristics make the company very unreliable.

How to recover money from OnyxTraders?

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.

Are there (recommended) alternatives to OnyxTraders?

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

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.

24 comments on «Is OnyxTraders a scam? Opinions of 2023»

  1. José Manuel Reply

    Good afternoon.
    I have been a victim of scam by this fake brocker a few months ago.
    I managed to recover part of the money by talking to my bank.
    Now I have been contacted by an alleged audit that what it is doing is returning the profits generated to the victims of Onyx-trader.
    I wanted to know if there is anyone else in the same situation as me.
    Thanks for your help.

    • Recommended-brokers.com Reply

      Hello José Manuel, surely it is part of the same scam and they will try to ask you to pay anything with a made-up concept that seems real to get more money and they will keep it again, do not believe these scammers.


  2. Adriana Reply

    Well, I also trusted and thought that they were a serious company, I would like to know if we can legally report this so that they close it and stop scamming more people. Or what could be done so that people do not fall into that company?

    • Recommended-brokers.com Reply

      Hi Adriana, thanks for commenting on OnyxTraders. At present it is considered a SCAM. The CNMV (The Financial Regulator of SPAIN) has put an alert on them, for not having the regulation to carry out their activity (See CNMV link).

      If you are a client, do not make more contributions, their only objective is to steal from you, they manipulate operations manually, they keep the money from when it reaches their accounts, it does not enter the market, everything is prepared for you to lose or make you lose your money to have the excuse to keep it.

      If you decide to withdraw and they request a ransom in the form of commissions, taxes, fees, legalizations, etc. Never pay it! That's the warning, from that moment you have to know that you are a client of a scam broker and no matter how much you pay you will never see your money.

      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 check the form in this link: CLAIM YOUR MONEY


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