Onefxgroup Review: Scam Or Legit? | Recover Lost Funds

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Is Onefxgroup a scam? How to recover funds from Onefxgroup? Find the answers to all these questions and more in this guide.


Onefxgroup has been identified as a risky opportunity by Intelligence Commissioner users. It is similar to Lyraten. We’ve received over 5 complaints against Onefxgroup.

OneFxGroup has been identified as a potentially fraudulent and high-risk forex broker due to its lack of a valid license from the Central Bank of Ireland and the cautionary advice issued by the BCSC of Canada. Concerns such as inadequate customer support, high minimum deposits, and lack of transparency have been cited in more than five user complaints. Investors are cautioned against potential frauds and advised to verify the legitimacy of financial service providers prior to investing in the absence of regulatory supervision.

Get Your Money Back From These Scammers!



Key Takeaways

Onefxgroup has lost investors thousands of dollars
Onefxgroup website owner is anonymous
Vague terms of service

Is Onefxgroup Regulated? Do They Have a License?

OneFxGroup promotes itself as a genuine forex broker in Ireland; nevertheless, it does not hold a valid forex license from the Central Bank of Ireland, the country’s principal financial regulatory body. Furthermore, the British Columbia Securities Commission (BCSC) in Canada has issued a warning about OneFxGroup operating without licensing.

Compared to licensed brokers in the United Kingdom, the European Union, Australia, and the United States, OneFxGroup does not provide guaranteed funds, segregated accounts, or negative balance protection, putting investors’ funds at risk.


The lack of regulation or the presence of poor regulation is a huge red flag. It means Onefxgroup is a scam and most likely, an illegal operation.

Companies offering investment services or opportunities without having a license can vanish without leaving a trace. Furthermore, the lack of a regulatory license allows them to get away with it and face no legal consequences.

That’s why it’s vital for you to always check a company’s regulation status as well as its license information. The presence of a license allows consumers to reach out to an authority if something goes wrong.

In the case of Onefxgroup, victims have nowhere to go due to the absence of a watchdog or license.

You should ask yourself the following questions when you come across a new investment firm or opportunity:

  • Does the investment provider maintain transparency about its CEO?
  • Do they have a license from a renowned regulatory authority?
  • If the need arises, can I reach out to an authority to report this company as a scam?


Trading Conditions and Deposit/Withdrawal Methods at Onefxgroup

Despite claims of openness and cheap trading terms, OneFxGroup’s platform lacks advanced features, auto trading, configurable indicators, and mobile versions, indicating a lack of reliability. Furthermore, access to the MetaTrader5 platform is limited to previously registered traders, raising concerns about the platform’s legality and the broker’s general credibility.

Financial Requirement and Conditions

High minimum deposit

OneFxGroup’s minimum deposit for the most basic account type is $1,000, much greater than the industry standard of $250 or less, raising another red flag for potential traders.

OneFxgroup types of accounts

Payment Methods and Withdrawal Conditions

The broker claims to provide a wide range of payment options, such as bank transfers and internet payment systems. However, the lack of clear information on withdrawal restrictions, prospective fees, and taxes raises questions about the transparency and fairness of OneFxGroup’s financial activities.

The available information does not confirm whether OneFxGroup provides a wide choice of trading instruments in addition to forex. This lack of critical information further undermines the broker’s credibility.

Questionable Leverage and Spread Policies

OneFxGroup’s claim of high leverage up to 400:1 exceeds what is permitted by respected regulatory agencies, indicating a possible risk for traders. The lack of specified spreads for key currency pairings raises concerns about the transparency of their trading conditions.

However, it’s worth noting that many scammers disable their payment channels before shutting down their operations.

They might give you multiple reasons including:

  • A technical error
  • A glitch in their system
  • Banking issues
  • A “hacking attack”

And many others.

But in 9/10 cases, the scammers actually stop making payments and keep the money to themselves. Hence, the payment methods we discussed here might not work.

If you want to get your money back from a scammer, you’d need to file a chargeback.


Onefxgroup Customer Service: Do They Handle Complaints Well?

When it comes to scammers, you should only measure the quality of their customer service if they respond to your complaint.

In the beginning, scammers tend to remain very accessible.

This means their representatives will keep calling you until you invest with them. Furthermore, they will act friendly and make it seem as if you’re one of their most valuable consumers.

However, they do all this just to win your trust.

Scammers understand that in order to convince someone to give them a large sum, they will need to seem like a friend.

Nevertheless, when you have invested a considerable amount of money and need to get it back, their customer support will become inaccessible.

All of a sudden, their numbers would either stop responding or become unavailable.

Still, they might remain accessible to convince you to invest further. Also, they might begin by making a few excuses regarding your payment.

However, in the end, the customer support won’t resolve your issues and become increasingly unavailable.

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Onefxgroup Reviews: What Do Others Say?

It’s worth noting that many scammers tend to purchase fake reviews. Buying fake reviews has become extremely easy and it’s a multi-million dollar industry.

OneFxgroup-trustpilot reviews

Scammers like Onefxgroup tend to purchase fake reviews for their online profiles to make themselves seem more credible.

TIME Magazine investigated the fake review industry and estimated it to be worth more than $150 million. Certainly, there are a ton of scammers who want to seem legitimate and a bunch of fake reviews is the most effective way to do so.

That’s why you shouldn’t trust Onefxgroup reviews easily.

It’s easy to identify fake reviews as well. You should look out for 5-star reviews that are posted by temporary accounts (profiles which only posted 1 or 2 reviews on the platform). Also, you should see if the positive reviews share any detailed information about their experience with the firm or not.

In the case of Onefxgroup, chances are, you wouldn’t find many legitimate reviews.

Another prominent way scammers like Onefxgroup enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.

This way, when you’ll look up “Onefxgroup reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising Onefxgroup.

Onefxgroup reviews coverage

You should always look out for consumer complaints. In the case of Onefxgroup, the most common complaints I found were about:

  • Poor customer support
  • Delays in payments
  • High fees and charges
  • Lack of transparency regarding their leadership team
  • Aggressive sales staff

Do you have a similar complaint about Onefxgroup? You can share your complaint in the comment section or submit an anonymous tip.


Is Onefxgroup Legit Or Scam?

A series of red flags, including regulatory warnings, a lack of platform transparency, significant financial barriers, and questionable trading terms, make OneFxGroup an extremely risky alternative for traders.

Onefxgroup is an unregulated entity. Although they might fall under the jurisdiction of a watchdog, they don’t have the license to offer financial services to consumers.

The lack of a license means they are not answerable to any regulatory authority. As a result, the people behind Onefxgroup can run away with your money without any prior notice. You should be extremely cautious when dealing with an unregulated service provider.

The absence of a watchdog also means you cannot report to them to anyone.

Also, due to the absence of specific regulations, there is no provision protecting you from the insolvency of this entity. If they go bankrupt, you won’t be able to do anything about it.

Can You Trust Onefxgroup?

All the evidence suggests that Onefxgroup is a scam. If you have lost money to them, there is still a chance you can get it back.

To recover your funds, you’d need to file a chargeback.


Frequently Asked Questions

Is Onefxgroup a scam?

According to the online reviews of this company, it’s highly probable that Onefxgroup is a scam. You should exercise caution when dealing with them.

Can I withdraw money from Onefxgroup?

Yes, you can withdraw your funds from Onefxgroup by getting in touch with one our experts. Get your money back immediately.

Where is Onefxgroup Located?

There is no information available on the location of Onefxgroup.

How do I get my money back from Onefxgroup?

To get your money back from Onefxgroup, you can file a chargeback. Learn more here.

How The Onefxgroup Online Scam Works

Launch a website/app with a generic name

A website or app with a generic name allows scammers to hide behind common Google search results. Marketing such names is easier as well.

Pay influencers & social media pages to promote the scheme

By getting influencers and social media pages to promote their brand, scammers make their shady company seem more legit than it actually is.

Send thousands of emails and make cold calls to potential victims

It’s common for scammers to buy the contact details of people and spam them through email, phone calls, social media messages and other means.

Make victims feel safe through “small wins”

Such small wins usually include a few payments transferred into the victim’s account. This makes them seem more legitimate.

Convince victims into investing large sums of money

Due to the small wins, the victim is now convinced that the company is legit. Now, the scammers try to manipulate the victim into giving them larger sums.

Disable withdrawals & take down the website/app

Once the scammers have recieved a signicant sum, they either stop responding or cite a technical error to freeze their victims’ funds.

Repeat the cycle

After making the money, the scam will shut down and the people running it will launch another and repeat the cycle.

Get Your Money Back Free consultation
If you’ve lost money with Onefxgroup, we can help you get your funds back. Schedule a free consultation with our team of experts and we will have a look.
An expert will get in touch with you within 48 hours.
Onefxgroup Review: Scam Or Legit? | Recover Lost Funds
Onefxgroup Review: Scam Or Legit? | Recover Lost Funds


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