OneDepository: feedback on cooperation and analysis of legal documents

Attention! Fraud company!

Leave a request for a refund from a scammer.

In order to lure traders into their networks, scammers show miracles of ingenuity. They promise the most favorable conditions, instant withdrawal of funds and assistance at all stages of work. The hero of our review of OneDepository just refers to such scam projects. Today we will tell you why cooperation with this sharashka office will lead to a loss of money, and show the reviews that affected clients write about it.

Site analysis onedepository.com

The first glance at the site - and it immediately becomes clear that we have another creation of serial scammers who created Nfian, Top-Account, Askica, FG-Ltd, Hallip and HE-Llc. In total, I threw about a hundred scams, which practically do not differ from each other: the text and design are repeated with minimal changes. Some of these "kitchens" have already drowned under a flurry of revealing reviews, others still continue to swindle investors. We are confident that OneDepository will soon join the ranks of closed scams.

Charlatans rivet several scam projects per month, so they only spend money on buying a domain. They are well aware that fake offices will not last long, because in a couple of months they will be overwhelmed by a wave of negative reviews. The price of onedepository.com is zero, and that's the price of all the scammers' promises.

In the “About the company” section, we are met with the standard story about entering the market in 2018 and incredible results of work. Scammers claim that 380,000 traders cooperate with them, but we could hardly find only a few reviews on the Internet. This means that before us is a remake, and not an organization with serious experience. Whois service and web archive data confirm this. The domain was created in 2015, when there was no such thing as a pseudo-broker. It was updated at the end of December 2021. In 2019, the site was still empty.

OneDepository scammers claim that their headquarters is in Cyprus, but this is another fake. The scammers did not even bother to look for a real address for “registration”: the check showed that the specified street does not exist in Nicosia. Naturally, there was no information about the hero of our review in the register of Cypriot legal entities.

There is a clause in the "User Agreement" that the relationship between the user and OneDepository is governed by the laws of Vanuatu. There was no information about the false broker in the local database either. We drew attention to the fact that the clause on the resolution of disputes in Vanuatu is spelled out in all the documents of the above scams. It follows from this that a sharaga is registered in this offshore, which acts as a counterparty in all contracts. Of course, no one tells users its name, otherwise law enforcement agencies will immediately close the shop and send scammers to the bunk.

In the contract itself, we found many interesting provisions:

• fraudsters have the right to refuse to serve the trader without giving reasons, close his account and keep the money for themselves;
• the user is obliged to pay all commissions indicated on the site (the relevant section says that they are not charged, and, judging by the reviews, scammers constantly take them out of thin air);
• cheaters will not be responsible for the user's monetary losses caused by their negligence or a technical failure of their own platform.

Licenses and Permits

OneDepository positions itself as a broker that operates transparently and legally. Charlatans claim that their activities are controlled by such serious organizations as the FCA, CySec, ASIC, DFSA, IFSC and FSC Mauritius. This legend does not withstand the first test. Judging by the reviews, the FCA carefully checks the information about applicants for a license, so crooks have nothing to count on. In addition, it does not allow setting leverage above 1:30, and the pseudo-broker promises much more. It is not surprising that there is no information about him in the register of this regulator.

A search of the register of the Cyprus Securities and Exchange Commission did not return any results. Needless to say, other regulators also did not hear about the existence of bred?

From the reviews and the Russian localization of the OneDepository website, we can conclude that it is aimed at users from the Russian Federation. According to Law No. 460-FZ, before starting an activity, an agent must obtain a license from the Central Bank and join the relevant self-regulatory organization. Naturally, the Central Bank of the Russian Federation could not issue a permit for such a sharaga. We are sure that soon she will be blacklisted, like other creations of scammers.

What does OneDepository offer?

The scammers want to attract as many naive traders as possible, so they set the deposit at 150 USD. They promise their clients:

• more than 200 financial instruments;
• three types of accounts;
• the ability to view the history of transactions;
• account insurance;
• PAMM accounts.

Naturally, there is no smell of a demo account. Charlatans need victims to give them real money, and not see the “crooked” platform and refuse to transfer it. There is not a word about spreads and swaps, but the cheaters brag about leverage up to 1:500. It is not in vain that many regulators forbade raising it above 1:30, because the chance of losing capital increases significantly. OneDepository is exactly what they need, so they increased the leverage.

Reviews about the scam project

“Kitchen” has been around for only a month, but it has already managed to collect a pool of negative reviews. Ex-customers claim that the platform is buggy, money disappears, and technical support does not respond to requests. Judging by the comments, no one has yet been able to withdraw money from OneDepository.

Revealing the Divorce Plan

The crooks are actively manipulating quotes and tweaking the platform. They recently discovered AnyDesk, software that allows them to manage their computers remotely. They require you to install the program under the pretext of setting up a terminal. When it gets on a PC, scammers get access to the trader's personal information and his bank cards. 

Next, there are several options. Charlatans can simply withdraw money from accounts, sell data to other "black" brokers and block the user under the pretext of violating the terms of cooperation. Sometimes they just make transactions from the computer of the victim, and she remains at a loss from the loss of money.

Outcome

OneDepository is a garbage dump, the creators of which are trying to rob investors to the bone. If you do not want to lose all capital, ignore this "kitchen" and warn all your friends about the danger!