FxOnUs Review: A Comprehensive Guide for Aspiring Traders

Among many shady brokers on the market, FxOnUs is definitely standing out. Why? Because the broker is offering a 50% loosable bonus (why would anyone do that?), a so-called deposit free account (claiming they are covering your bank’s fees for transactions), and a tailor-made account with a specialized account manager. For an account manager to manage your funds, the company needs to be regulated, and your account manager needs a license. Let’s see in our FxOnUs review what is wrong with this brokerage.

FxOnUs Regulation and Security

FxOnUs is a brand owned by MarketOnUs Ltd. The company is based on the Marshall Islands and claims to have regulation number 81547. However, once you try to open the link leading to alleged regulation, all you get is “Error 404”, the page doesn’t exist. Neither does the FxOnUs regulation. When it comes to the security of the funds, the broker stated, “We decided that our customers and partners deserved something better.” What? We have no clue. Be aware of this broker; clearly, it’s running a scheme.

Warnings From Financial Regulators

As we noticed that something is wrong with FxOnUs, so did many regulatory bodies. The broker was reported by Spanish CNMV, Polish KNF, Italian CONSOB, and Belgium FSMA. All these regulatory bodies stated that FxOnUs broker is not regulated and has no permission to provide financial services. Also, they invited everyone being scammed by FxOnUs to report it immediately. Now you know, be careful when opening an account with this untrustful company.

How Does The Scam Work?

Everything starts from an attractive ad promising you a lot of money. Of course, you know that some of it is just marketing, but you believe that there is real profit as well. After all, so many people became millionaires from trading. You read it on the news every day.

One day, you find yourself making a deposit and trying your luck. But if you start with an unregulated, offshore broker, such as FxOnUs, you have no chance. No matter how good a plan you have and what you know about a trading system, you cannot make a profit. This type of broker does not give you even basic information – what is the minimum deposit and how to withdraw your funds. Be careful with such companies.

Scammed by FxOnUs?

If you were scammed by FxOnUs, know that you are not the only one. These brokers have a system they use to scam people for years before someone finally finds them. You need to report the scam, file a dispute and request a chargeback.

But what is a chargeback? A chargeback is a way to refund your card in case you were scammed online. You have 540 days to report it and get your money back. Contact our staff immediately via chat and start the procedure before it’s too late!