Onotex Review: Is It a Reliable and Safe Broker for Trading?

When you start looking for a broker because you want to trade, you will know that the market is full of options. There are hundreds of thousands of brokers, each offering similar services to those who are interested in trading. But if you’ve done your research, you know there are plenty of scammers who also pose as brokers to take advantage of those they don’t know better. Therefore, you need to be cautious when looking at options because you don’t want to lose your hard-earned money.

The best way to make your choice is to thoroughly research the broker and look at different aspects rather than being lured by false promises. One broker you will come across is Onotex. Onotex is a regulated CFD broker advertised as a CFD, Forex, and cryptocurrency platform.

This means that it is a reliable broker, which allows you to trade safely. In this review, we will show all the features of Onotex and its offer for online trading.

What is Onotex?

Onotex is an online trading site that provides quality tools for online trading and specializes in CFDs (Contracts for Difference). it allows you to trade many other financial instruments such as forex, stocks, cryptocurrencies, commodities, and indices

This platform is very simple to use and very intuitive. You can easily choose the assets to trade and then quickly set up to open a bullish or bearish position.

Onotex live account and demo

The Onotex trading platform can be used in demo or live mode.

In demo mode

You practice with a virtual budget, but the prices really move.

In real mode

 On the other hand, you operate with real money and therefore you must consider the risk of losing part or all of the deposited capital. To minimize this risk, it is advisable to always set the stop loss for each trade. To apply the stop loss, simply set it in the box dedicated to opening the position.

Training and Education

On the Onotex platform there is a section dedicated to training where you can find a glossary and useful tips for those starting to trade.

Since the purpose of brokers, according to Onotex, is to assist traders in developing their skills and trading strategies so that they may be lucrative in the long term. With the platform video lessons and guides, live market analysis, and online webinars, as well as access to a community of like-minded traders, Onotex offers a complete educational program aimed to enhance skills and knowledge at every stage.

Trading platform

The platform works well, the essential functions are all there and, in fact, there are some very useful extras like the economic calendar and the news. The economic calendar is very important for Forex trading as it lists all the macroeconomic data releases that can affect the price of currencies, with the respective forecasts of the analysts.

Assets to trade online with Onotex

We have already highlighted that at Onotex you can trade different financial instruments which we are going to list here:

• Forex – About 50 currency pairs, including major ones;
• Cryptocurrencies: bitcoin, litecoin, ethereum, binance coin, etc.
• Materials: gold, silver, zinc, aluminum, nickel, oranges, cocoa, coffee, corn, rice, soybeans, cotton, wheat, natural gas, diesel, brent oil, sugar, palladium, platinum, copper, milk, cotton, crude oil;
• Stocks – More than 100 stocks, including the world’s biggest stocks, including Amazon, Facebook, Microsoft, and Italian stocks such as Juventus, Unicredit, Fiat FCA, Telecom Italia, and others;
• Stock Indices – All major stock indices from the American, European and Asian markets.

Onotex Payment and Withdrawal Methods

To make deposits and withdrawals on the Onotex platform, you can use various methods, including credit/debit card, PayPal, and direct to bank among others

Payments are made in a completely secure manner and this is undoubtedly one of the most important points in terms of security, which is precisely guaranteed by the fact that it is a broker regulated by a recognized regulatory body.

Final Thought

As a multi-asset broker, Onotex offers a well-balanced trading experience while being regulated in a number of key financial hubs, making it a reliable broker. Aside from providing exceptional service, the broker’s robust platform and customer products received high praise. As a Onotex user, you will benefit from a long-term partnership that prioritizes long-term collaboration with active traders as one of the company’s key aims. Overall, Onotex is a great broker!

To try Onotex now for free and without depositing, simply go to the broker website where you will find their registration page, and proceed by entering the few required details. In two minutes, you can already test the platform with your virtual budget, without risk.

Disclaimer: The views and opinions expressed in this article are those of the authors and do not necessarily reflect those of Geek Vibes Nation. This article is for educational purposes only.