Consider using OnspotBNK broker for trading? Stay with us and read this review to find out if onspotb.com is the trading platform you will want to trade with.
About OnspotBNK Broker
OnspotBNK located at onspotb.com is an offshore brokerage company with a lot of offers for traders. This broker’s office is situated in Langenboom, Netherlands. It promises to offer real account and demo account for traders.
More so, the broker presents a zero spread difference in Buy/Sell.
In spite the many trading instruments OnspotBNK promises to offer, traders must know they are dealing with an unknown broker whose regulation claims are false.
See section below:
Withdrawal and Deposit
OnspotBNK Withdrawal process:
The broker is stating 1 to 72 hours of withdrawal process depending on your location and withdrawal method.
Minimum Deposit:
OnspotBNK minimum deposit is indicated $100. Even though this broker shows what amount to deposit, that doesn’t make it legit for traders. Any broker can likely do the same.
onspotb.com presents three payment methods such as credit card, bank wire and Bitcoin transfer. You should not consider making any payment with this broker in the first place because it is a risk. So beware!
OnspotBNK Platform
OnspotBNK claims to operate on MT4. Even though this is the standard trading software in forex market, it still doesn’t make this broker different from other scam trading platforms. Many scammers have trading software to lure their victims that their money is being invested.
More so, leverage can get up to 100. Well, steer clear from this broker as it is a way to make traders put good amount of money expecting to get big profit.
Won’t you rather trade with a licensed and legit broker? Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK, ASIC in Australia, NBRB in Belarus, CySEC in Cyprus as well as IIROC in Canada which makes client funds safe. They accept traders worldwide…visit their official website
Why Onspotb.com Is A Dubious Broker
Onspotb.com is a platform with no financial authority overseeing its financial services. We believe this broker is not worth your money because financial regulator of the Netherlands, Autoriteit Financielle Markten (AFM) does not have this broker on its database. Here, we saw another EU regulator flagging this broker- See below
OnspotBNK Licensing and Regulation
It is not far from believing that this broker is not a licensed brokerage firm. It is not under any financial regulation that means your money is at risk. Its licensed and regulation claims are false and must be avoided.
COMPARE WITH A TRUSTED BROKER
Fortrade
Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide..visit their official website
Conclusion:
OnspotBNK located at Onspotb.com has claimed to be a trusted broker, but this is not truth. From indications, we would advise users to steer clear from this broker. Thus, we urge our readers to rely on regulated brokers like this or any licensed entity.
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