Updated on April 2, 2024
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In our rigorous review process, a team of seasoned financial specialists, boasting more than 20 years of experience in Forex trading, carries out an exhaustive evaluation of various trading services. Our team delves deep into the investigation of fees, assesses the trading platforms, and verifies adherence to regulatory standards. We also interact directly with customer support and conduct actual trades to gain a real-world understanding of the trading conditions. This comprehensive approach enables us to provide informed insights and advice on why we recommend avoiding OnlyTrades due to the issues we've identified.
Is OnlyTrades Scam or Legit Broker? ▲
Upon thorough investigation, our findings unequivocally suggest that OnlyTrades is not a legitimate brokerage operation. This entity lacks any form of regulatory oversight and is devoid of the legal authorization necessary to offer financial services to the public. Furthermore, there are alarming indications of deceitful practices by the OnlyTrades Group, notably its impersonation of a more reputable company to mislead potential clients. Such actions cast a shadow of doubt and strongly suggest fraudulent intentions.
OnlyTrades positions itself as a provider of Forex and CFD trading options, operating under the umbrella of Marantino Capital Ltd, which claims Malta as its base of operations. However, the use of a British contact number on its platform signals a deliberate attempt to appeal to UK residents, despite lacking authorization from the UK's Financial Conduct Authority—a mandatory requirement for firms offering financial services within the country. The situation is further complicated by a warning issued by the Malta Financial Services Authority against Marantino Capital Ltd and OnlyTrades, raising serious concerns about its legitimacy and operational ethics. Potential investors are strongly advised to verify a broker's regulatory status before engaging in any financial activities with them. Unlike entities licensed by reputable bodies such as the FCA, unregulated brokers are not bound by the same stringent rules to protect client funds, including the segregation of client accounts.
In assessing the safety and trustworthiness of OnlyTrades, our findings lead us to assign a markedly low ranking to this broker. Drawing upon our extensive expertise, which spans over two decades in Forex trading, and comparing OnlyTrades against a comprehensive database of 1000 brokers, it becomes clear that OnlyTrades falls short of the standards set by the industry's leading entities. Our overall ranking for OnlyTrades stands at a disappointing 0.6 out of 5, reflecting its lack of regulatory compliance, transparency, and ethical business practices.
A critical component of evaluating a Forex broker's reliability involves examining its deposit and withdrawal mechanisms. However, due to the numerous issues surrounding OnlyTrades, including its unregulated status and questionable operations, we advise potential clients to exercise extreme caution. Engaging with brokers that lack clear and secure transaction processes can lead to significant financial risks, including the potential loss of funds without recourse to compensation schemes such as those provided by reputable regulatory bodies.
In conclusion, our exhaustive review and analysis of OnlyTrades reveal a multitude of red flags that cannot be overlooked. The absence of regulatory oversight, coupled with deceptive practices aimed at misleading potential clients, underscores the risks associated with this broker. We strongly advise against engaging with OnlyTrades and recommend that investors seek out brokers that are duly regulated by reputable authorities, ensuring the safety of their investments and adherence to high ethical standards. It is paramount for traders to conduct thorough due diligence and opt for trading platforms that offer transparency, security, and regulatory compliance.
When considering alternatives, brokers like Interactive Brokers, City Index, and AvaTrade stand out. They not only offer the security of stringent regulation but also bring to the table comprehensive trading solutions that can meet the needs of both novice and seasoned traders.
OnlyTrades Review 2024

Triton capital market is total fraud. Do not invest a single money in their company. I nearly lost a huge amount of my life hard earned money to Capital markets trade they’re a 100% scamming operation! I almost lost $86,690.00 to them in just over a month and it wasn’t from bad trades. My trades were actually showing a profit of just under $10,500.00 USD within a week. They quickly ask for more money to withdraw, but then I realized it was all scam. So I didn’t hesitate to file a refund case against them through the help of the recovery expert Mr Raymond Willard and his email is (raymondwillard08@gmail.com) the reason why I’m sharing this post here is because, I’m so grateful he helped me get my life back. If you are a victim of this online scam he can help you get your money back like he did for me.