Onlinemarketexchange is a contract for difference (CFD) broker website registered on January 1, 2024. This broker primarily provides investment services for markets such as forex, commodities, indices, stocks, and cryptocurrencies. It does not offer services to countries and regions where it may violate local laws or regulations.
Company Registration Information and Regulatory Status
The homepage of Onlinemarketexchange (www.onlinemarketexchange.com) displays a company registration certificate showing that the broker is registered in the UK under the company Trustexchangefundinc, with a registration number of 764643562. However, clicking on the "View License Page" at the bottom of the image redirects to the UK Companies House, which shows a company named "COIN MARKET MANAGER LTD" currently in bankruptcy liquidation.
Additionally, the "About" page on its official website shows another company named "IFM" claiming to be regulated by the Australian Securities and Investments Commission (ASIC), although no specific license number is provided.
Upon investigation, no company with the registration number 764643562 is found on the UK Companies House database. While the Australian Securities and Investments Commission (ASIC) lists several regulated companies named IFM, none of them have any relationship with Onlinemarketexchange.
Therefore, Onlinemarketexchange (www.onlinemarketexchange.com) is essentially a fraudulent broker website with no corporate entity or regulatory oversight.
Trading Products:
Onlinemarketexchange offers various trading products, including forex, indices, commodities, stocks, and cryptocurrencies.
- Forex: Forex trading involves the exchange of different currencies, known for its high liquidity, allowing traders to profit from exchange rate fluctuations.
- Indices: Index trading allows speculation on the performance of entire markets or specific sectors without trading individual stocks, offering diverse trading opportunities and leveraging potential profits.
- Commodities: Commodity trading covers key global market resources, allowing traders to buy and sell raw materials, including metals, energy, and agricultural products.
- Stocks: Stock trading enables investors to partake in public companies' price movements, earning from price changes and dividends based on company performance, without owning stocks.
- Cryptocurrencies: Cryptocurrency trading offers opportunities for digital currency enthusiasts to profit from highly volatile assets.
Account Opening Process
To open a trading account on Onlinemarketexchange: visit the broker’s official website, click "Register" in the top right corner of the page to enter the account registration page, fill in personal details such as name, phone number, email, set the login password, and submit. After submitting, verify the account to complete the registration.
Investment Plans
Onlinemarketexchange offers four types of investment plans: STARTER ACCOUNT, CLASSIC ACCOUNT, PLATINUM, and FOREX SIGNALS.
STARTER ACCOUNT:
- Invest $100 to get $3,000
- Invest $300 to get $4,000
- Invest $400 to get $5,000
- Invest $500 to get $6,000
- Invest $600 to get $7,000
- Invest $700 to get $8,000
- Minimum deposit: $500
- Minimum expected profit: $3,500
- Maximum expected profit: $5,000
- Trader education*
- Risk management
- Tax-free spread trading profits
CLASSIC ACCOUNT:
- Minimum deposit: $5,000
- Minimum expected profit: $45,000
- Maximum expected profit: $50,000
- Expert news and analysis
- Competitive spreads
- Advanced trading tools
- Tax-free spread trading profits
PLATINUM:
- Minimum deposit: $10,000
- Minimum expected profit: $99,999
- Full benefits
- Trader education*
- Advanced risk management
- Tax-free spread trading profits
FOREX SIGNALS:
- Professional forex signals
- Up to 10 signals per day
- 95% success rate
- 24/7 support
- Advanced trading tools
- Bitcoin-only payments
- Use any broker
Trading Platform
Onlinemarketexchange provides a self-developed trading platform claiming an average order execution speed of less than 7.12 milliseconds, over 12,000 orders executed per second, and comprehensive liquidity providers.
Deposits and Withdrawals
The Onlinemarketexchange website does not disclose the deposit and withdrawal methods it supports.
Conclusion:
Traderknows reminds investors that Onlinemarketexchange is a scam broker that entices investors with high returns to deceive them. The website has no corporate entity and no regulation, and its contact method is limited to email. It is recommended that investors choose brokers with transparent information, strong regulation, and good reputation for investment activities to avoid unnecessary financial losses.
Currently, this broker is marked as a "Scam" on Traderknows.
