Is OneLife safe or scam?
OneLife is not a legitimate broker as it does not hold any serious license. As a general rule, we recommend avoiding offshore and non-regulated entities as traders who invest in non-regulated firms often cannot recover funds invested or gains received.
About OneLife
| 🗺️ Registered in | Belize |
| 🗺️ Type of License | Offshore License |
| 🛡️ Is OneLife safe to trade | No |
| 🗺️ Recommended Licenses | FCA in UK 🇬🇧 & ASIC in Australia 🇦🇺 |
| 🖥 Alternative Broker | FP Markets – licensed by ASIC in Australia |
What is OneLife?
OneLife is an offshore-based Forex and cryptocurrency broker. The company is owned and operated by OneLife Network Limited, based and registered in Belize. However, it turned out that OneLife was only registered, but was not licensed in Belize.
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Moreover, Belize’s financial regulator IFSC (International Financial Services Commission) has issued a warning regarding the company One Life Network Limited, stating:
“It has come to the notice of the IFSC that an entity calling itself ‘One Life Network Limited’, an International Business Company registered in Belize, is conducting trading without first obtaining the required license from the IFSC. This entity is not licensed/regulated by the International Financial Services Commission or any other competent authority in Belize to conduct any type of trading business.”
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In addition, New Zealand’s Financial Markets Authority has recently blacklisted OneLife along with its affiliate company OneCoin:
“We recommend extreme caution before investing with OneLife or OneCoin as we are concerned they bear the characteristics of a scam, including withholding client funds and promising unrealistic returns. We have received information indicating that OneLife and OneCoin are holding promotional events and seminars in New Zealand offering investment services in breach of New Zealand law.”
OneLife Review Conclusion
Based on our research, both OneLife and OneCoin are not reliable. We recommend investing with brokers regulated by reliable authorities such as UK’s FCA or Australia’s ASIC, for example. Here is the list of the FCA-regulated brokers. Sign in only with reliable brokers such as BlackBull Markets, FXGT, and FP Markets.
OneLife Update
Based on our research, the OneLife website is currently inactive. This means the broker has temporarily suspended its trading offering and does not operate. However, we still advise you to avoid and stay alert in case of any proposals from OneLife.