OnexCap Review: Insight into the Suite of Trading Platforms
OnexCap Review: Insight into the Suite of Trading Platforms

Bragging to having over ten years of experience in the financial market, the best trading software, and expertise in trading crypto, stocks, and commodities, OnexCap definitely sounds interesting. Usually, whenever someone brags that much, it turns out the offer is not as good. Read our OnexCap review and check everything about this trading firm.

Broker status: Offshore Broker
Regulated by: Unlicensed brokerage
Scammers Websites:
Blacklisted as a Scam by: No Info
Owned by: Adviq LTD
Headquarters Country: Marshall Islands
Foundation year: 2021
Supported Platforms: Web trader
Minimum Deposit: 250 EUR
Cryptocurrencies: Available – BTC, ETH, XRP – total 6
Types of Assets: FX, commodities, indices, shares, cryptocurrencies
Maximum Leverage: 1:500
Free Demo Account: No
Accepts US clients: No

OnexCap Regulations and Security

OnexCap listed Adviq Ltd as their owner. This company seems to be based in the Marshall Islands and has never opted for GLOFSA or any other license. It practically means that every fund you invest in could go directly to the company since it doesn’t have to follow ESMA, MiFID, or any other rules regarding segregation of the funds and withdrawals processing. 

It’s a big red flag to see an offshore firm without a license, so we would advise you to avoid OnexCap at all costs.

In addition, we strongly advise you not to invest in EuroFxFinance, OPTrust and Swissqb247 fraudulent brokers.

Fund Withdrawal Issues With OnexCap Broker

Since the company is based in the Marshall Islands and has no valid regulation, there is no compensation fund as well. Being far from regulatory oversight, brokers like OnexCap feel they can do anything they want without being penalized. 

Once you feel you’re done making investments and want to submit a withdrawal request, in most cases, you won’t hear from the broker again. If they feel there’s more money to extort, you will be convinced not to make any withdrawals just yet and to try and double your current balance. Of course, this last trade will virtually never be successful.

Beware of the OnexCap trading scam and file a complaint on the first sign of fraud.

Also remember the names of the SelfKings, FXORO and LTMTrade trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!

Areas of OnexCap Scam

A short glance at OnexCap reviews tells us this broker is active mainly in Canada. It means that Canadian residents should pay attention when signing up for online trading and not accept any offers coming from this fraudulent company. But others are no less safe, so wherever you are, remember that OnexCap is an unregulated offshore scam.

Traders About OnexCap Scam

Reading OnexCap reviews, we’ve figured traders are angry about withdrawals. Almost nobody was ever able to get a payout since the moment they would try and submit the request, it would lead to their trading accounts being suspended.

Besides, the broker requires clients to download AnyDesk, an app that allows anyone on the other side to access your desktop and everything on it, including your online banking.

How Does Online Trading Scam Work?

Online trading scams are evolving each day. As mentioned, using AnyDesk is currently among the most popular methods as it’s easy to access someone’s online banking and deduct everything they have without permission. That’s why dealing with unlicensed firms is equally as dangerous as giving your credit card to a complete stranger. You have no guarantees for your money.

Make sure to always find a Tier1 licensed brokerage as they have a compensation fund meant to be used for reimbursement in case of any issues.

Scammed by OnexCap? – Tell Us Your Story

If you were scammed by OnexCap or a similar bogus brokerage, let us know. It’s not the end, as there are still things to try and ways to fight fraudsters. You can file a dispute and request a chargeback.

But What Is A Chargeback?

A chargeback is a way for your bank to reverse the fraudulent transaction and get your money directly from the merchant. Contact us via online chat to book your free consultation with our specialists and learn everything about the procedure.

What Is OnexCap?

OnexCap is an offshore CFD and Forex online trading brokerage.

Is OnexCap A Scam Broker?

OnexCap is unregulated and suspected of fraud based on many negative reviews.

Is OnexCap Regulated?

Company is not regulated and provides financial services without a license.


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