Broker Review

Unauthorised Firm Details

Name: OneCityTrading
Website: onecitytrading.co

OneCityTrading presents itself as a modern trading platform offering access to various financial markets, including forex, commodities, and digital assets. The website promotes features like fast execution, advanced tools, and multilingual support. However, several concerning factors suggest that this platform may pose significant risks to investors:

• Lack of Regulatory Authorization: OneCityTrading is not registered with any recognized financial regulatory authority. The absence of regulatory oversight means that investors have no protection under any financial consumer protection framework.

• Unverifiable Corporate Information: The platform lacks transparent information regarding its corporate registration, physical office, and ownership. This absence of verifiable company details raises concerns about the legitimacy of the operation.

• Suspicious Website Practices: OneCityTrading operates through two websites—onecitytrading.com and onecitytrading.co. The firm has been misrepresenting itself as a “dedicated branch” and “wholly owned subsidiary” of SIG North Trading, ULC, a firm registered with CIRO. CIRO confirms that no such affiliation exists and urges investors to avoid any dealings with OneCityTrading.

• Mixed User Reviews: While some users report positive experiences, including fast withdrawals and reliable trading conditions, others have expressed concerns about the platform’s transparency and customer support. Notably, a user reported losing a significant amount of money and having their case referred to the police, highlighting potential issues with the platform’s operations.

Bottom Line: OneCityTrading exhibits multiple characteristics commonly associated with high-risk or fraudulent trading platforms. Investors should exercise caution and consider regulated alternatives.

Location & Risk Notes

• Regulatory Status: OneCityTrading is not registered with any recognized financial authority. The CIRO has issued a public warning advising investors to avoid dealing with the platform.

• Corporate Transparency: The platform lacks verifiable information about its corporate registration, physical office, and ownership, raising concerns about its legitimacy.

• Website Security: The platform operates through two websites, both of which have been flagged as suspicious by security analysts, indicating potential security risks.

• User Experiences: While some users report positive experiences, others have expressed concerns about the platform’s transparency and customer support, with reports of significant financial losses.

• Global Risk: The platform targets investors worldwide without legitimate authorization, making all users highly exposed to potential fraud.