OnlyTrades

OnlyTrades operates under the domain onlytrades.com and is registered in the Marshall Islands, a jurisdiction known for minimal financial regulation. The company’s official address is listed at Trust company complex, Ajeltake Road, Ajeltake Island, Majuro, MH96960, Marshall Islands. It was established on 10 April 2019, according to corporate records.

Despite being in operation for several years, publicly available information about the broker’s ownership and operational history remains scarce. The Marshall Islands registration provides limited transparency, as the jurisdiction does not require detailed public disclosures for corporate entities.

Our records indicate that OnlyTrades holds no regulatory licences from any recognised financial authority. The absence of oversight from bodies such as the FCA, CySEC, or ASIC is a significant concern for trader protection. The broker operates entirely outside the framework of established investor compensation schemes.

FXCanary’s internal risk assessment assigns a Scam Risk Score of 51/100 to OnlyTrades, placing it in the ‘Elevated Risk’ category. This score reflects the lack of regulation, opaque corporate structure, and the high-risk jurisdiction. Traders should be aware that there are no safeguards in place against potential misconduct or insolvency.

Due to the lack of accessible information from the broker’s official website or other public sources, we are unable to confirm the specific financial products or services offered by OnlyTrades. It is plausible that the broker targets retail traders with forex and CFD products, given the common profile of offshore-registered entities, but this remains unverified.

Typical offerings in this space include leveraged trading on currency pairs, indices, commodities, and cryptocurrencies. However, without direct access to the broker’s platform or marketing materials, we cannot detail the account types, trading platforms, or execution methods. This information vacuum itself is a red flag for prospective clients.

Based solely on the registration and domain, OnlyTrades appears to target international retail traders who may be seeking unregulated brokers, perhaps drawn by promises of high leverage or lenient trading conditions. The Marshall Islands registration is often used by entities that wish to avoid the compliance burdens of Tier-1 jurisdictions.

There is no evidence that the broker restricts access to specific countries or regions, but traders from strictly regulated jurisdictions should be particularly cautious. The lack of licensing means that clients have no recourse to financial ombudsman services or compensation funds in the event of a dispute.

OnlyTrades presents a high-risk profile due to its unregulated status, opaque registration in the Marshall Islands, and the absence of verifiable public information. The elevated risk score of 51/100 underscores the potential dangers for traders who choose to engage with this broker.

Without independent web data or direct access to the broker’s operations, we strongly advise extreme caution. Traders should prioritise brokers with clear regulatory oversight and transparent business practices. The lack of any meaningful information about OnlyTrades is itself a warning sign that the broker may not operate with the integrity expected by the trading community.