Is Ovax Global Legit or a Scam?
No, Ovax Global is not a legit broker. This company has several problems. The first problem is, that this company does not hold any license or registration. Their claimed office locations’ countries do not authorize them and published several warnings. We will review thoroughly this broker in this review. Please read more.
What is Ovax Global?
Ovax Global is the owner of the online investing firm Ovax Global. The company’s addresses are 32 London Bridge Street, London SE1 9SG, United Kingdom, and 2/6 Gilmer Terrace, Wellington Central, Wellington 6011, New Zealand.
The support staff at Ovax Global can be contacted by phone at N/A or by email at su*****@ov********.com. fi*****@ov********.com.
You may find them online at ovaxglobal.com.
Ovax Global Details
Upon investigating Ovax Global, a comprehensive look at its key details is crucial. The following table outlines critical information that potential investors should be aware of before engaging with this platform:
Regulated by: | None |
Is This Company Safe? | No, this is a clear and blacklisted Ponzi scam |
Known Websites: | https://ovaxglobal.com |
Have Warnings from: | FMA |
Registered in: | UK/Switzerland |
Operating since: | 2023 |
Trading Platforms: | None |
Maximum Leverage: | N/A |
Minimum Deposit: | $50 |
Deposit Bonus: | Not available |
Trading Assets: | Crypto |
Free Demo Account: | Not available |
How to Withdraw from This Company? | Found several reports about payout issues. If you face this issue too, please do contact us. |
Deposits and Withdrawals
Only a variety of cryptocurrency coins, including BTC, ETH, SOL, ADA, XRP, and others, are accepted for payouts. For the standard Bitcoin, the minimum withdrawal value is 0.0005 BTC.
Even while everything looks good, keep in mind that these organizations never intended for you to be able to withdraw your entire balance. Due to the lack of a clear provision regarding Ovax Global withdrawal in the User Agreement agreement, the payout conditions are abused by the con artists.
Account Types
Ovax Global offers multiple account types – each supposedly tailored to cater to different trading needs.
Red Flags and Warning Signs
Although these three seemingly legitimate organizations appear highly reputable to unsuspecting observers, they lack a valid financial services license granted by relevant regulatory bodies.
This meticulously constructed scam operates a fraudulent campaign and may be found in the government business records of the UK, New Zealand, and Hong Kong. It is run by a man claiming to be the CEO, Robert Hofman, who comes across as no more credible or informed than a hired actor speaking in a foreign accent.
They have been placed on a blacklist by the FMA, New Zealand’s regulatory agency, for engaging in investment fraud with “false company information; unrealistic returns, fake testimonials.” The entire website is a scam designed to defraud gullible investors.
Customer Complaints and Negative Reviews
A quick online search reveals a plethora of customer complaints and negative reviews about Ovax Global. Traders express frustration and disappointment, citing issues such as blocked withdrawals, unresponsive customer support, and unexpected fees. These consistent negative experiences amplify the need for caution when considering Ovax Global as a trading platform.
Ovax Global Alternative Brokers
Given the alarming red flags and customer complaints associated with Ovax Global, traders should explore alternative, regulated brokers for a safer trading experience. Regulated brokers adhere to industry standards, providing a layer of protection for investors. Some reputable alternatives include:
- IG
- OctaFX
- XM
Got Scammed by Ovax Global? We Help Victims!
If you’ve fallen victim to the Ovax Global Capital scam or experienced issues with the platform, you’re not alone. We understand the challenges you may be facing and are here to assist. Contact our support team and we will guide you through the necessary steps to report the incident and seek resolution. Your voice matters, and together, we can work towards exposing fraudulent practices and ensuring a safer trading environment for all.
