OneGlobal-Advr review – 5 things you should know about oneglobal-advr.com

Beware! OneGlobal-Advr is an offshore broker! Your investment may be at risk.

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Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.

The OneGlobal-Advr website looks familiar to us, but not because it is the established forex broker it claims to be. The reason is that this website is almost identical to other scams we have come across, such as QuantumFundsGroup. In this review we will show you the evidence that OneGlobal-Advr is exactly a scam, and point you to more credible investment intermediaries.

OneGlobal-Advr Regulation and safety of funds

Legitimate forex brokers provide clear and detailed information about the legal entity that owns and operates them, where it is based, what licences it has and which regulators oversee its activities. Lack of such details or improper presentation of them are always a red flag that we are probably dealing with a scam.

The only place we see the name of the alleged company behind OneGlobal-Advr is the website logo – Investment One Global Advisors Limited. But we have no proof that this legal entity exists.

Nowhere on the website is a company name, contact address or regulatory licence details given. The text of the Terms and Conditions also does not mention a company name or specify an applicable jurisdiction.

The website is available in French, which has attracted the attention of the French financial regulator Autorité des marchés financiers (AMF). The institution has blacklisted OneGlobal-Advr as an unauthorised entity.

Before investing your money in financial instruments, it is imperative to make sure you do so through a licensed intermediary and not one of the many scammers lurking online.

Depending on your location, it is advisable to choose a company that is regulated by an institution such as Commodity Futures Trading Commission (CFTC) in the US, Australian Securities and Exchanges Commission (ASIC), UK’s Financial Conduct Authority (FCA) or some EU regulator like Cyprus Securities and Exchange Commission (CySEC).

Clients of these brokers receive protections such as negative balance protection and segregation of the client’s funds from the broker’s funds.  In the EU and the UK, brokers must also participate in guarantee schemes that cover a certain amount of the trader’s investment if the broker becomes insolvent. These guarantees amount to up to 20 000 EUR in the EU and 85 000 GBP in the UK. However, the likelihood of such a bankruptcy is low because regulators also have significant net capital requirements that companies must maintain – EUR 730 000 in UK and Cyprus, AUD 1000 000 in Australia and at least 20 million USD in the United States.

OneGlobal-Advr Trading software

OneGlobal-Advr implements web-based trading software.

While the platform has the basic features for placing orders, customising charts and application of technical indicators, it lacks the more advanced functionality found in the most widely used trading platforms in the industry, MetaTrader 4 (MT4) and MetaTrader 5 (MT5).

It should be noted that the presence of a trading platform does not make this website any more legitimate and does not guarantee that this alleged broker offers real trading. Many scammers use rigged trading software to fool their victims that their money is being invested.

OneGlobal-Advr Trading instruments

OneGlobal-Advr claims to offer trading in all major financial asset classes.

But as stated, there is no guarantee that this anonymous website offers real trading. With multiple established and licensed brokers, there is no justification to take risks with such fishy websites.

OneGlobal-Advr Spreads and cost of trading

In the trading platform, we see a fairly low spread of 0.4 pips for major currency pairs such as the EUR/USD. This implies that the broker is charging some kind of additional commission. But OneGlobal-Advr does not provide clear information on the price paid by the trader.

OneGlobal-Advr Maximum leverage

OneGlobal-Advr offers very high leverage ratios of 1:1000. This is not a level that you see with regulated brokers. Trading with high leverage allows higher profits, but also increases the risk of sudden and excessive losses proportionally. All leading regulators limit leverage for retail traders.

Regulated brokers offer higher leverage only to professional clients who must meet very high standards for capital and experience and forgo the guarantees enjoyed by retail traders.

If you don’t qualify as a professional trader but are willing to take the risk of high-leverage trading, the most viable option is to use the services of an offshore affiliate of an established brand.

OneGlobal-Advr Deposit and withdrawal methods

OneGlobal-Advr claims to allow deposit and withdrawal of funds through multiple payment methods. But in practice, the only option available is cryptocurrencies.

Scammers prefer cryptocurrencies because these transactions are not subject to refunds. While there are some legitimate brokers that accept digital currencies like Bitcoin, they do so alongside other transparent payment methods such as credit/debit card, bank transfer or popular e-wallets like PayPal, Neteller or Skrill.

OneGlobal-Advr Minimum deposit

OneGlobal-Advr specifies a minimum deposit of 250 USD, which is the industry standard. But this means that for the same amount you could open a trading account with an established and duly licensed forex broker. Some of the leading brands in the industry offer Micro and Cent accounts with a very low entry threshold that are suitable for novice investors.

OneGlobal-Advr Withdrawal requirements

If the account has received a bonus, it can withdraw funds after meeting the minimum traded volume requirements.

These requirements are very high and oddly defined – number of lots equal to the bonus amount divided by 4. According to the given example, this means that a bonus of 2000 USD requires trading 500 standard lots of 100 000 currency units each. These clauses are designed to block any withdrawal requests.