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Eone FX Review
The few who have invested with Eone FX have lost everything. There’s no way the platform allows anyone to withdraw funds. Please find out more in our eye-opening eonefx.com review
A platform offering maximum leverage of 1:1000, Eone FX is a scam. The platform entices investors by claiming to provide a 100 percent bonus. That means the platform will match your deposit amount as a bonus. In reality, the platform will only ransom your account and demand you pay back the bonus amouFurthermore, no. No member has managed to withdraw funds from eonefx.com. And that’s why we have to expose the platform in our clear EONE FX REVIEW.
About Eone FX
The platform provides no background or history. All we know is what we can see from the homepage. Eone FX doesn’t have a credible background, and we believe it’s another forex investment exit platform.
Those who have invested with the platform don’t have much to say. Being a victim of a forex trading platform scam sucks. That’s why we took the initiative to expose the red flags found on the platform.
If you read our reviews, you know that we help expose the red flags pointing to a scam. Once you know them, you won’t fall for them again. We hope this post will help even the naïve investor spot forex trading scams.
NOTE: Experts recommend doing due diligence before investing in any platform. It would be best if you used recommended and tested investment options. And that means having to go for examples such as reliable forex trading robots.
Eone FX is the platform that promises heaven and delivers hell to members. No member has managed to withdraw funds for the past few weeks. And this raised eyebrows as regulators stepped in to investigate.
Before you sign up and commit funds to any platform, research it. Try and find out what makes the platform tick. It’s the best way to protect yourself from falling into the wrong platform. Also, try and find out the experiences of other users with the platform.
Accounts Eone FX
Eone FX offers four trading accounts, each set for different classes of investors and traders. You have the One Maker, One Trader, Professional, and One Market accounts. Each of these accounts offers additional features.
Here’s a closer look at each of the four accounts;
It’s the account the platform claims is best for beginners. You have to make a minimum deposit of $10 to get started. After that, traders get fixed spreads starting from 2 pips. The minimum trade size is0.01 lot with hedging allowed.
You have to deposit $100 to start trading with the one trader account. Spreads start from 1.6 pips with the maximum leverage set at 1000:1. There are no commissions allowed, but hedging is available. The account favors positional traders.
Investors must make a minimum deposit of $250 to get started. Spreads start from 0.8 pips, with the maximum leverage set at 500:1. You earn commissions, and hedging is available. The account favors professional traders.
It’s the most exclusive account set for scalpers. Spreads start from 0 pips, with investors having to deposit a minimum of $500. You get maximum leverage of 300:1 and a fixed commission of $5.
We have to highlight the insane leverage set by the platform. Members risk their position thanks to the high leverage. Only skilled traders can take advantage of such high leverage. We expect beginners with a maximum leverage of 2000:1 to lose a large trade volume.
And that’s the platform’s intention, to profit from your losses. Industry regulators have moved in to protect investors from such losses. So you get regulators setting maximum leverage of 1:100.
In the United States, retail traders enjoy maximum leverage of 50:1. That way, you get to safeguard your trading position. So even if you incur losses, they won’t be as huge. The platform takes advantage of it.
You also get the platform offers an Islamic account. That means getting fixed spreads as all other spreads are variable. We also see that the platform claims to provide copy trading services. None is yet to profit from them.
Advantages and Disadvantages of Eone FX
Weighing the pros and cons gives you a chance to know what to expect. The advantages are few compared to the disadvantages. And that’s why we don’t and won’t recommend investing with eonefx.com.
Let’s take a closer look at the pros and cons of eonefx.com;
The platform remains anonymous as there’s no mention of the CEO or founding members. Despite claiming to reside in Singapore, there’s no business registered with the above name.
And this makes investing with eonefx.com a risky affair. Members won’t get the chance to recover funds. The few who have hired recovery agents end up losing more funds. These agents don’t have the mandate to freeze bank accounts.
A recent investigation revealed that these agents are part of the scam. First, the platform furnishes recovery agents with your contact information. Then, agents send an email claiming to have won a lawsuit against the platform.
All you have to do to get part of the settlement is cover legal fees. Don’t send any money, as this is the final nail in the coffin. That’s why these agents are preying on you, to steal your last penny before disappearing.
Contact and support
The phone number listed rarely goes through. And this means the platform wants to control communication lines. So you can only send emails and hope for a rapid response. Those who send withdrawal requests via email don’t get a response.
Despite claiming to offer copy trading features, the results are not credible. The platform won’t release funds even if you make a profitable trade from copy trading. And that’s why we shun their copy trading feature.
There’s a buy/sell option with their demo account, which is not ideal. An ideal demo account should integrate MT4 or MT5 trading platforms. That way, the trader can learn to analyze and utilize the tools available.
Deposit and fund security Eone FX
Your funds are far from safe with a platform that fails to segregate accounts. Instead, the owner holds all funds in a single offshore bank account. And that makes it nearly impossible to track who owns what on the platform.
The platform also fails to offer insurance cover for deposits made by clients. And this is the final stroll as the platform ought to cover fund safety. That’s why regulators want to blacklist the platform for such mistakes.
Deposit and payment methods
There are several depository and payment methods available on the platform. These include bank and wire transfers. The platform wants to ensure that anyone can deposit funds with ease. After depositing funds, the balance will reflect in your account after 24 hours.
When the time comes to withdraw funds, all hell breaks loose. The platform fails to allow anyone to withdraw funds. Remember the bonus offered? The platform will insist you pay back the bonus amount with a new balance.
License and Regulation Eone FX
Eone FX is not a licensed or regulated platform. Please stay away from unregulated platforms as they don’t have your interest at heart. These are the platforms ripping off investors right, left, and center.
Please avoid investing with eonefx.com.
Do invest in proven forex trading robots that provide comprehensive trading solutions.
Feel free to leave a comment or drop an email with any queries.