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Oon Fx -

Score

1.38 /10
Danger

Oon Fx

Australia

2-5 years

Suspicious Regulatory License

High potential risk

https://www.oonfx.com

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Score

Regulatory Index0.00

Business Index6.00

Risk Management Index0.00

Software Index4.00

License Index0.00

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Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

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Warning: Low score, please stay away! 2
Previous Detection : 2024-09-27
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Oon Fx · Company summary

General Information & Regulation

General Information & Regulation

Oon Fx, a trading name of Oon Softech LLC, is allegedly a forex and CFD broker registered in Saint Vincent and the Grenadines since 2019 that claims to provide its clients with various tradable financial instruments with leverage up to 1:500 and commissions from 0.08%. Here is the home page of this brokers official site:

General Information & Regulation

As for regulation, it has been verified that Oon Fx does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and it receives a relatively low score of 1.11/10. Please be aware of the risk.

General Information & Regulation

Market Instruments

Oon Fx advertises that it offers access to a wide range of trading instruments in financial markets, including CFDs on currency pairs, stocks, commodities and more.

Market Instruments

Leverage

The leverage provided by Oon Fx is capped at 1:500. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Commissions

Oon Fx claims that the commission starts from 0.08%.

Deposit & Withdrawal

From the logos shown at the foot of the home page on Oon Fxs official website, we found that this broker seems to accept deposits and withdrawals via MasterCard and Visa. There is no deposit fee charged. More details are not revealed directly on the website in the absence of a login.

Deposit & Withdrawal

Bonuses

Oon Fx claims that if traders open an account, they will get up to $600 plus 60 days of commission-free stocks & forex trades, yet we cannot be sure if the bonus can be withdrawn without any limitation.

In any case, you should be very cautious if you receive a bonus. First of all, bonuses aren't client funds, they're company funds, and fulfilling the heavy requirements that are usually attached to them can prove a very daunting and difficult task. Remember that brokers who are regulated and legitimate do not offer bonuses to their clients.

Customer Support

Oon Fxs customer support can be reached by telephone: +1-7845597032 (MON - FRI, 9 AM - 5 PM), email: support@oonfx.com, live chat or send messages online to get in touch. Company address: Suite 305, Griffith Corporate Center Beachmont, Kingstown, St.Vincent and Grenadines.

Risk Warning

Online trading involves a significant level of risk and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

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FX1422645447
more than one year
One thing that I appreciate about Oon Fx is their regulatory status. They are fully licensed and regulated by reputable authorities, which gives me peace of mind knowing that my funds are secure. Overall, I'd recommend Oon Fx to anyone looking for a reliable and regulated platform for trading.
One thing that I appreciate about Oon Fx is their regulatory status. They are fully licensed and regulated by reputable authorities, which gives me peace of mind knowing that my funds are secure. Overall, I'd recommend Oon Fx to anyone looking for a reliable and regulated platform for trading.
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2023-04-04 18:18
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FX1422645447
more than one year
I've been using Oon Fx for several months now and I'm pretty happy with their services. Their deposit and withdrawal operations are convenient and hassle-free, and their trading fees are reasonable. They offer a wide range of trading products, including forex, commodities, and cryptocurrencies, and their trading conditions are very competitive. Their leverage and margin requirements are also quite flexible, which allows me to take advantage of different market opportunities.
I've been using Oon Fx for several months now and I'm pretty happy with their services. Their deposit and withdrawal operations are convenient and hassle-free, and their trading fees are reasonable. They offer a wide range of trading products, including forex, commodities, and cryptocurrencies, and their trading conditions are very competitive. Their leverage and margin requirements are also quite flexible, which allows me to take advantage of different market opportunities.
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2023-04-04 18:17
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