Company OverviewOneLife is an international company that deals in Forex and cryptocurrencies. OneLife Network Limited, which is based and established in Belize, owns and runs the business. OneLife, on the other hand, was only registered and not approved in Belize.
Does OneLife Have Any License?No, OneLife does not have any license from any reputable financial regulator. This means that it is not authorized to offer financial services to the public.
Is OneLife Regulated By Any Authority?No, OneLife is not regulated by any financial authority. They claim to be regulated by Belize’s financial regulator IFSC (International Financial Services Commission). But, when we tried to find the regulation, we found IFSC already warned against them:
Also, we found another warning from FMA.
Pros and Cons
Wide range of financial instruments offered
Not licensed or regulated by any reputable financial authority
Competitive spreads and leverages
Numerous complaints from previous traders about being scammed
Website is unprofessional and lacks transparency
How Does OneLife Reach To Their Prey?
OneLife uses a variety of methods to reach potential investors, including social media marketing, cold calling, and email marketing. It often targets inexperienced traders with promises of high returns and low risk.
OneLife’s trading platform is proprietary and has been criticized by users for being buggy and difficult to use. OneLife also offers a mobile trading app, but it has also received negative reviews from users.
OneLife’s minimum deposit is not disclosed.
OneLife’s trading platform is web-based and can be accessed from any device with an internet connection. The platform offers a variety of trading features, including charting tools, technical indicators, and order management tools.
OneLife’s spreads are generally competitive, but they can be higher on certain instruments. It is important to compare OneLife’s spreads to those of other brokers before opening an account.
OneLife offers a wide range of leverages, from 1:1 to 1:200. Leveraged trading can be risky, so it is important to understand the risks involved before using leverage.
Packages and Products They Offer
OneLife offers a variety of trading packages and products, including Forex, CFDs, and stocks. It also offers a range of educational resources and trading tools.
Withdrawal and Deposit Method
OneLife offers a variety of withdrawal and deposit methods, including credit cards, debit cards, and bank wire transfers. Withdrawal times can be slow, and there have been reports of clients having difficulty withdrawing their funds.
What Do Their Previous Traders Say?
There are numerous complaints from previous OneLife traders about being scammed. Traders have reported that they were unable to withdraw their funds, that their accounts were manipulated, and that they were subjected to high-pressure sales tactics.
Summing Up- Why Should Not You Trust OneLife
There are a number of reasons why you should not trust OneLife. First, it is not licensed or regulated by any reputable financial authority. Second, there are numerous complaints from previous traders about being scammed. Third, OneLife’s website is unprofessional and lacks transparency.
If Bad Things Happen, Where Can You Get The Quick Solution?
If OneLife has scammed you, you may be able to recover your funds through a reputable fund recovery service. These services specialize in helping victims of investment scams recover their money.
But, before going to choose a recovery service on your own, you should contact us. We will provide you with a free consultation to give you some good recommendations.
File A Complaint Against Scam Broker's
OneLife is a scam broker that should be avoided at all costs. There are many other reputable brokers available that offer a wide range of financial instruments and competitive trading conditions.
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