Once we saw who the OnyxProfit broker belonged to, we already knew what to expect. However, we decided not to judge too soon and did the entire OnyxProfit review with evidence to back up our statements.
|Regulated by:||Unlicensed brokerage|
|Blacklisted as a Scam by:||CONSOB|
|Owned by:||Donnybrook Consulting Ltd|
|Headquarters Country:||Commonwealth of Dominica|
|Supported Platforms:||Web trader|
|Types of Assets:||Indices, shares, commodities, FX|
|Free Demo Account:||No|
|Accepts US clients:||No|
What About OnyxProfit Regulation?
OnyxProfit is a brand owned by notorious Donnybrook Consulting Ltd. Since we’ve written about this firm a lot, we will just remind you of some of the scamming brands it’s running, such as OFXB, ABSystem, EuroFX, and more. All of these brands were blacklisted around the globe for fraudulent activities.
Since Donnybrook Consulting Ltd is from the Commonwealth of Dominica and unregulated, no wonder it doesn’t care just to open and close trading websites, luring clients into scams. If you ever come across this name, run from it as far as you can.
OnyxProfit Warnings From Financial Regulators
Despite being established this year, OnyxProfit has already earned its regulatory warning. It came from the Italian CONSOB that warned citizens not to fall for this well-organized scheme of a well-known scamming owner.
Fund Withdrawal Issues With OnyxProfit Broker
No wonder clients have reported numerous withdrawal issues. Knowing Donnybrook Consulting Ltd and its brands, OnyxProfit will be yet another scheme that will gather money and disappear. If the firm follows its own pattern, clients who ask for withdrawals will get suspended accounts under many excuses.
Starting with the violations of the company’s policy to unpaid bonuses, account managers will give so many different reasons just to cover what’s really happening – your money is gone, and you will have to file a dispute ever to see it again.
Areas of OnyxProfit Scam
Since the broker has very few limits and doesn’t operate only in the USA, North Korea, Iran, and several other countries, everyone else is at risk. OnyxProfit complaints come from the UK, Netherlands, Germany, Australia, Canada, South Africa, and many other parts of the world.
Beware of the OnyxProfit scam wherever you are, and don’t accept offers coming from this fraudulent trading firm.
Traders About OnyxProfit Scam
As you can guess, OnyxProfit reviews are full of negative impressions. Clients are reporting withdrawal issues, but there are other problems as well. For example, the Web trader has lags, some basic terms such as leverage are undisclosed, and in general, the entire experience turned out to be forcing clients to invest more money.
How Does Online Trading Scam Work?
Different brokers operate differently. However, all of them have in common their wish to extort money and the fact they don’t choose the means to do so. For example, many illicit offshore brokers, such as OnyxProfit, will use false ads that may even include celebrities to present their platform legit.
Yet, once you fall into the trap, you will be constantly asked to invest more without the possibility of withdrawing the funds.
If you experience something similar, you should file a complaint immediately.
Scammed by OnyxProfit? – Tell Us Your Story
If you were scammed by OnyxProfit or a similar bogus broker, let us know. Our experts are here to listen to your story and help you find the best money-back solution.
But What Is A Chargeback?
This is a way for your bank to reverse fraudulent online transactions with supporting evidence. To understand the process thoroughly, book a free consultation with our specialists via online chat and let us assist you with the matter.
What Is OnyxProfit?
OnyxProfit is an online CFD and Forex trading provider without a license.
Is OnyxProfit A Scam Broker?
Yes, OnyxProfit has been blacklisted by the Italian CONSOB for scams.
Is OnyxProfit Regulated?
Broker is not regulated and provides financial services illegally.