OnyxProfit Broker Review
We knew what to expect once we discovered who owned the OnyxProfit broker. However, we opted not to pass judgment too quickly and completed the whole OnyxProfit review with proof to back up our claims.
Broker status: Unregulated
Regulated by: Unlicensed brokerage
Blacklisted as a Scam by: CONSOB
Owned by: Donnybrook Consulting Ltd
Headquarters Country: Commonwealth of Dominica
Foundation year: 2021
Supported Platforms: Web trader
Minimum Deposit: $250
Cryptocurrencies: No
Types of Assets: Indices, shares, commodities, FX
Maximum Leverage: N/A
Free Demo Account: No
Accepts US clients: No
OnyxProfit Regulation
OnyxProfit is a trademark of the infamous Donnybrook Consulting Ltd. Because we’ve written extensively about this business, we’ll just remind you of some of the fraudulent names it operates, like OFXB, ABSystem, EuroFX, and others. All of these brands have been banned globally for fraudulent actions.
Because Donnybrook Consulting Ltd is based in the Commonwealth of Dominica and is unregulated, it’s no surprise that it only cares about opening and closing trading websites, enticing clients into frauds. If you ever come upon this name, get as far away from it as you can.
Warnings From Financial Regulators
Despite just being established this year, OnyxProfit has already received a regulatory notice. The Italian CONSOB issued a warning to citizens not to fall for this well-organized plan of a well-known scammer’s proprietor.
Fund Withdrawal Issues
It’s no surprise that clients have experienced several withdrawal concerns. Knowing Donnybrook Consulting Ltd and its brands, OnyxProfit will be yet another money-laundering scheme. If the firm follows its own pattern, clients who request withdrawals will have their accounts banned for a variety of reasons.
From infractions of company policy to unpaid incentives, account managers will make up a slew of excuses to hide what’s really going on: your money is gone, and you’ll have to file a dispute to see it again.
Because the broker has few restrictions and does not only operate in the United States, North Korea, Iran, and a few other nations, everyone else is at danger. OnyxProfit complaints have come from the United Kingdom, the Netherlands, Germany, Australia, Canada, South Africa, and many other countries.
Be cautious of the OnyxProfit scam wherever you go, and do not accept any offers from this phony trading organization.
Traders About OnyxProfit Scam
As you may expect, OnyxProfit reviews are mostly negative. Clients are experiencing withdrawal troubles, but there are also other challenges. For example, the Web trader has lags, some key terminology like leverage are not mentioned, and the overall experience appears to be forcing clients to invest more money.
Are you having trouble successfully requesting a withdrawal from your broker? Tell us about it and add a comment.
