Warning: Is Onyx Traders a Scam?

Review: Onyx Traders (onyx-traders.com)

Onyx Traders (onyx-traders.com) has been identified as a probable scam broker.

We found that it is located at First Floor, First St. Vincent Ltd Building James Street, Kingstown, St. Vincent And The Grenadines, the phone number is '+447362053589, and the support email is support@onyx-traders.com.

Onyx Traders claims to be a investment firm, but it is currently unregulated by any credible authority.

Cannot Withdraw from Onyx Traders?

If you think you were tricked by Onyx Traders, act now. Fill out the form below to speak with investigative experts for a no-obligation assessment.

Safety Analysis: Onyx Traders

Our check reveals that Onyx Traders does not hold a valid license.

Investing with unregulated entities is extremely risky. Real firms are always registered with agencies like the SEC, ASIC, or FCA to protect investors.

Onyx Traders operates without this supervision. This means there is no protection if they withhold your funds. Most investment fraud involve unregulated actors, and recovering funds from them is difficult without professional assistance.

For example, in the UK, unlicensed firms are outside the jurisdiction of the compensation schemes. In America, they are not members of SIPC, meaning your money is at risk.

How Onyx Traders Might Scam You

Investment fraud is getting smarter. Fraudsters use psychological tricks to steal your savings. Here are typical methods used by brokers like Onyx Traders (onyx-traders.com).

The "Romance" Trap

"Pig Butchering" is a common tactic where scammers groom victims over months. They fake a romance online. Once trust is built, they introduce a special investment. It is a lie to lure you onto a scam site like Onyx Traders.

Fake Trading Dashboards

Scammers create websites that mimic legit trading apps. You see graphs and profits that go up. But it is a game. The broker manipulates the numbers to convince you so you invest more. When you try to withdraw, the "profits" disappear.

Other Warning Signs

• Unsolicited Contact: They call you from "brokers" out of the blue.
• Unregulated: The company has no legal registration.
• Guaranteed Profits: They guarantee 1% daily returns with no risk.
• Cannot Withdraw: You cannot get your money out. They ask for "tax fees" before releasing funds.
• Aggressive Sales: Agents pressure you to invest bigger amounts.

Ignore positive ratings. Fraudulent brokers often post their own 5-star reviews to look legitimate.

Final Thoughts

Our verdict is to block Onyx Traders. It appears to be a scam. Protect your money and find a licensed broker. Avoid onyx-traders.com at all costs.