onex-trade.com has been flagged by AMF (France) for "Unauthorised". Category: Forex This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: onex-trade.com.
I have been trying to close my account with onex-trade.com for weeks now and they keep giving me the runaround. First it was a form to fill out, then identity verification again, then a mandatory phone call that never gets scheduled. They make leaving impossible.
Pros: Comprehensive tools|Regular updates
Cons: Nothing significant
I lost a significant amount because onex-trade.com did not execute my stop loss during a flash crash. They said the market was illiquid. Other brokers managed to execute. I have no proof they did not trade against me. Avoid.
Pros: High security standards|Multiple order types|Automated trading options
Cons: Would like more payment methods
The spread at onex-trade.com is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them after doing extensive research and initially thought the platform was good - until I started trading seriously.
Pros: Full transparency|Market news feed|Great customer service
Cons: Email notifications too frequent
If you are reading this considering onex-trade.com - run. I wish I had read more negative reviews after comparing multiple platforms. I thought the positive ones were real. Maybe some are. My experience over for close to eighteen months has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: Quick verification|Educational resources
Cons: Spreads widen during volatile periods|Currency conversion fee exists