FxOnUs Review (2023)

Is FxOnUs a scam or legit broker?

FxOnUs has been suspected as a scam broker. This broker is blacklisted by the well-known regulatory authority and should be avoided. FxOnUs is owned by MarketOnU which is an offshore company registered in the Marshall Islands.

The Marshall Islands is notorious for its practically absent requirements and regulations. Due to the setup cost is low and it does not regulate forex trading. Therefore, it became an offshore zone for shady forex brokers such as MegaTradeFX, Finbitex and more.

FxOnUs is a brand name of the offshore company MarketOnUs which located and registered in the Marshall Islands, yet, the company provides an additional address in London, UK which supposes to bring more trust to the company.

However, the registration address Yorkshire has not listed in the regulation or registration listing of the UK or their respected authority FCA, thus there is a question about the sustainability of the information provided.

Therefore, the broker is an offshore, non-regulated firm, which delivers multiple trading solutions to vast of investment opportunities to trade CFDs, Forex and Metals, as well as PAMM (Also learn about PAMM Trading) management while there is no any authority watch how exactly the company treat their clients and specifically manages the funds.

Of course, the license from the reputable authority does not guarantee that the broker will be 100% transparent and there is no any risk of scam, yet if so the regulated company will fall to the investigations and other possibly strict consequences.

For that reason, we always advise to open an account and start trading only with reputable Regulated Forex Brokers, since the risks are minimized, while the customer is protected by the applicable jurisdictional organization.

In regards to the FxOnUs, apart from the lack of regulation and mislead about their registrations and some false details about the operation, there are some industry authorities that also issued warnings against the broker to their residents due to a big number of complaints received.

“Suspicious company FxOnUs is not licensed or authorized to offer or provide its services within the Poland territory, therefore the public should refrain from any transaction with the entity”.

Poland Financial Supervision Authority KNF, March 2017

Conclusion

We strongly advise opening a trading account only with the brokers that are regulated by the respected world authorities that comply with the required set of rules and a good reputation through the delivered timeframe of operations. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as FBS and Eightcap.

Yet, it is always great to hear your personal opinion about FxOnUs. So you may share your experience or thoughts or discuss them below or ask us for additional information.