Onexar Review & Victims’ Experiences

Onexar Review: Independent Analysis of User Ratings, Complaints, and Trustworthiness

Scam Broker Overview

Website: https://www.onexar.com/
Website Availability: Yes
Address: NA
Warning: Not Recommended By Review Website Like Skyrecoup
Domain Blacklisted Status: It seems there is no direct mention of this domain being on a blacklist.

Onexar Ltd is a widely known forex broker, claiming to offer secure and transparent trading services. The company offers several enticing features, as claimed by the broker:

Claimed Features

Copy Trading
PAMM & MAM Accounts
Swap Refund Program
50% Welcome Bonus

At first glance, these may appeal to both new and professional traders, but further inspection reveals a lot of interrogative issues.

Regulation Concerns

Onexar claims they’re licensed in Comoros and regulated by the Anjouan Offshore Finance Authority (AOFA). Although Onexar Ltd. is on the AOFA list, there are some significant concerns.

Key Issues with AOFA

AOFA does not verify the domain names of licensed entities
AOFA is known as a soft offshore financial regulator, very light on governing
AOFA does not have the status of a major regulator

Red Flags in Onexar Review

The contact page does not work – this is concerning to transparency
Just because there is offshore regulation does not mean that it protects investors
The structure of the setup resembles high-risk patterns

Onexar should be treated with caution, based on this Onexar review. Given the weak regulation and poor communications, the trading site potentially could be unsafe.

Victims’ Reviews & Experiences

Various traders have expressed disappointment with Onexar Broker due to delayed or blocked withdrawals. Generally, users complain about the misleading nature of promises of profits being made and poor customer service. Complaints also highlight the opaque nature of the trading conditions, which leaves investors unsure if they are willing to deposit.

Know more about similar broker cases by checking the list of scam brokers.

Conclusion – Should You Trust Onexar?

Based on the findings above, extreme caution is advised when dealing with Onexar. The absence of regulation, lack of transparency, and ongoing user complaints indicate that this broker poses a serious risk to investors. Always prioritize safety and verify the legitimacy of any financial platform before investing.

FAQs (Frequently Asked Questions)

Q1: Is Onexar Broker regulated?

A: No, presently, Onexar Broker is not regulated by any financial authorities.

Q2: Can I withdraw my funds safely from the Onexar broker?

A: Many users report having issues withdrawing their funds; therefore, there is a high risk involved.

Q3: How can I report Onexar.com Broker for fraud?

A: You can report suspicious activity via financial watchdogs and use a platform like Skyrecoup to receive assistance.

Q4: Is it possible to recover my money from the Onexar broker?

A: Yes, there are fund recovery services like Skyrecoup, which help victims reclaim their investments.

Recover Your Funds with Skyrecoup

If you’ve been a victim of Onexar Broker or any other fraudulent platform, Skyrecoup can help.

Skyrecoup is a global leader in chargeback and fund recovery services, specializing in Forex, Crypto, Binary Options, and online trading scams. With one of the industry’s highest success rates, we are committed to confronting scammers and recovering your hard-earned money.