The broker offers to trade in Forex and CFD using its own terminal. It is claimed that Overton Partners Ltd has over 450,000 clients and more than 125 million trades have been executed on the trading system. Also, the company mentions being registered in the UK in 2013, but we could not find confirmation of this information. Apart from that, the firm is not present on the FCA register. How safe is it to trade with this kind of ghost? We would like to clarify at least the trading terms of this broker and then collect the reviews of readers who have had experience working with it.
Trading Conditions
The broker promises to provide wings for flight, but the impressiveness of such a statement is doubtful. The fact is that only high-risk CFDs are traded on the platform, with which even an experienced trader cannot fly for a long time. So, the company allows you to trade different groups of assets:
- Currency pairs.
- Gold.
- Oil.
- Agricultural products.
- Stocks.
- Indices.
Overton Partners Ltd stated that there are 5 types of accounts. On the last two brokerage accounts, traders are able to set their leverage. The minimum deposit is £5,000, but you can try the demo mode by investing £100 and trading for two weeks. As for the software, сustomers can use the WebTrader platform, which can be accessed after registering a personal account. A mobile application or desktop version is not provided.
Communication with the tech support is possible by email, mobile phone, or through a feedback form. To assist customers, the company offers an economic calendar and trading signals. Apart from that, the website features the latest news from the asset trading industry.
Furthermore, there is no FCA license, and their work is illegal. I think no regulator would issue permits to a company that offers such conditions to its clients. This is yet another disadvantage.
Instead of a reliable and tested MetaTrader, this company recommends trading with some "innovative" proprietary platform. I am sure that this terminal simply indicates its asset prices, which do not coincide with the prices in the real market. They just want to drain traders' money.
In short, I have found only downsides here and told you about them. Draw your own conclusions.
In short, they promised a lot, explained how to top up the deposit, and acted very politely. I believed them like a fool and transferred all the money through cryptocurrency. After that, they blocked my account. And it was already impossible to get in touch with the fraudsters.
So be careful. Overton Partners LTD is one of the scammers that operate by deceiving people through phone calls.