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Onecapital is not a licensed or regulated broker even though it states offers that look good to be true.
Onecapital claims a reliable and reputable broker authorized and regulated by multiple authorities, including:
1) The UK Financial Conduct Authority (FCA);
2) The Cyprus Securities and Exchange Commission (CySEC);
3) The Federal Financial Supervisory Authority (BaFin).
However, we did not find any match results for this broker in FCA or BaFin.
While when we searched in CySEC, we found a warning against this broker issued by CySEC for this company not belong to an entity that has been granted authorization for the provision of investment services. You can check the full warning from here.
The truth is, Onecapital is not overseen by any regulators. That means your personal data or your funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like Onecapital and trade with licensed brokers.
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FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.
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