Warning: Is Onward Trade Option a Scam?

Is Onward Trade Option (onwardtradeoption.com) a Scam?

Be wary of Onward Trade Option (onwardtradeoption.com); it exhibits many characteristics of a fraudulent scheme.

We found that it is located at 72 Broad St, Reading RG1 2AF, United Kingdom, and the support email is support@onwardtradeoption.com.

Onward Trade Option claims to be a financial firm, but it appears currently unregulated by any top-tier authority, like the ASIC or CySEC.

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Regulatory Check: Onward Trade Option

The most alarming issue is that Onward Trade Option (onwardtradeoption.com) is unauthorized from a credible authority.

Investing with unregulated firms is extremely unsafe. Trusted firms are always registered with bodies like the SEC, ASIC, or FCA to ensure consumer safety.

Onward Trade Option lacks this supervision. This means there is no safety net if they steal your money. Most online scams involve unregulated actors, and recovering funds from them is difficult without expert help.

For instance, in the UK, unauthorized firms are outside the jurisdiction of the Financial Ombudsman. In America, they are not part of regulatory bodies, so your capital is completely exposed.

Warning Signs of Onward Trade Option

Online trading fraud is getting smarter. Scammers use manipulation to steal wealth. Below are typical methods seen in sites similar to Onward Trade Option (onwardtradeoption.com).

Dating App Scams

The "Romance Scam" is a brutal method where scammers groom victims over months. They fake a relationship online. Once trust is built, they introduce a secret crypto opportunity. It's a trap to get you onto a scam site .

Rigged Platforms

Scammers build websites that look exactly like legit trading apps. You see graphs and profits that go up. But it is a fake. The broker controls the prices to convince you to deposit more. If you ask for a payout, the "profits" disappear.

Other Warning Signs

• Cold Calling: You get calls from "brokers" you don't know.
• Unregulated: The company lacks legal registration.
• Guaranteed Profits: They promise 1% daily returns with no risk.
• Cannot Withdraw: They refuse withdrawals. They ask for "tax fees" before releasing funds.
• Aggressive Sales: "Account managers" push you to deposit more.

Do not trust fake reviews. Scammers often write their own 5-star reviews to look legitimate.

Conclusion

We advise against Onward Trade Option. It is likely a scam. Save your funds and use a regulated broker. Avoid onwardtradeoption.com at all costs.