Overton Partners Ltd claims to give traders “wings to fly,” which seems unusual for a broker. However, many fraudulent projects use similar language to deceive traders and swindle them out of significant amounts of money, leaving them with no option but to leave negative feedback. Is Overton Partners Ltd an honest broker or just another fraudulent scam? Let’s find out together.
General information about Overton Partners Ltd:
Overton Partners Ltd is a financial services company that provides online trading services for a variety of assets, including forex, stocks, commodities, and cryptocurrencies. The company is headquartered in the Commonwealth of Dominica and is registered with the International Financial Services Commission (IFSC) under registration number 95/IBC.
Overton Partners Ltd aims to provide clients with a secure and reliable trading environment, utilizing advanced trading technology and risk management tools. The company offers a range of trading platforms, including the popular MetaTrader 4 (MT4) and its own proprietary platform, which can be accessed on desktop and mobile devices.
The company claims to have a team of experienced professionals who provide clients with excellent customer service and support. However, it’s worth noting that there have been some negative reviews and complaints online regarding the company’s services, particularly regarding withdrawals and account closures.
Overall, as with any financial services provider, it’s important to do your research and exercise caution when choosing a broker to trade with. It’s recommended that you carefully read through the company’s terms and conditions and seek independent advice, if necessary, before making any financial decisions.
Registration and Client Portal Review on Overton Partners Ltd:
To register an account with Overton Partners Ltd, you need to provide some personal and financial information, including your name, email address, phone number, date of birth, and proof of identity and address. Once your account is verified, you can fund your account and start trading.
Overton Partners Ltd provides its clients with a secure online portal where they can manage their accounts, access trading platforms, deposit and withdraw funds, and access customer support. The portal is user-friendly and provides clients with a range of tools and resources to help them make informed trading decisions.
The company offers a variety of deposit and withdrawal options, including bank transfers, credit/debit cards, and e-wallets. However, it’s worth noting that some clients have reported issues with delays or difficulties when trying to withdraw funds.
Overall, the registration and client portal process at Overton Partners Ltd seems straightforward and user-friendly. However, it’s important to carefully review the company’s terms and conditions and seek independent advice before making any financial decisions. It’s also recommended that you regularly monitor your account and report any suspicious activity to the company’s customer support team.
Overton Partners Ltd Trading Conditions:
Trading Instruments: Overton Partners Ltd offers a range of trading instruments, including forex, stocks, commodities, and cryptocurrencies. Clients can access over 200 financial instruments across multiple markets and asset classes.
Trading Platforms: Overton Partners Ltd offers clients a choice of trading platforms, including the popular MetaTrader 4 (MT4) platform and the company’s own proprietary trading platform. These platforms are available on desktop and mobile devices and provide clients with a range of advanced charting and technical analysis tools.
Spreads and Fees: Overton Partners Ltd operates on a spread-based pricing model and does not charge any commissions on trades. The company claims to offer competitive spreads, although the actual spreads may vary depending on market conditions and the type of trading account.
Leverage: Overton Partners Ltd offers leverage of up to 1:500 on certain assets, which allows traders to control larger positions with smaller amounts of capital. However, it’s important to note that leverage can increase the risk of losses as well as potential profits.
Minimum Deposit: The minimum deposit required to open an account with Overton Partners Ltd varies depending on the type of account. The company offers several account types, including Standard, Premium, and VIP accounts, with varying minimum deposit requirements and trading conditions.
Overall, the trading conditions at Overton Partners Ltd seem to be in line with industry standards. However, it’s important to carefully review the company’s terms and conditions and seek independent advice before making any financial decisions. It’s also recommended that you regularly monitor your trades and manage your risk appropriately.
Overton Partners Ltd a Scam?
After reviewing the services and trading conditions offered by Overton Partners Ltd, we have concluded that the project lacks transparency. As a result, we will conduct a more thorough investigation into all of the broker’s data.
· Legal Information and License of Overtone Partners Ltd:
Overton Partners Ltd claims to be registered in the UK, and the company even provides a registration number from the registry to support this claim. Upon checking, we found that such a company is indeed registered in the UK. However, the types of activities listed are not specific, only indicating financial intermediation. As a broker and an investment company, Overton Partners Ltd should be authorized by the FCA.
The FCA, a British regulatory body, maintains an open registry that allows anyone to verify whether a company is providing financial services legally. Unfortunately, as we have discovered in our review, Overton Partners Ltd is not authorized by the FCA, meaning that it has no legal right to provide brokerage services.
Upon examining the financial report of Overton Partners Ltd, we noticed that the current assets reported were only 11 thousand. This amount seems uncharacteristically low for a successful broker’s financial report. As a result, we can conclude that the scammers may be using the name of the legitimate company, Overton Partners Ltd, to pose as a legitimate broker.
· Overtonpartnersltd.com Domain Information:
Another indication that Overton Partners Ltd may not be a legitimate broker is its lifespan. While the original company was founded in 2013, there are very few reviews about the broker available online. Additionally, a domain check reveals that the website was created on December 22, 2022, suggesting that Overton Partners Ltd is a relatively new project that has not yet had the opportunity to deceive many traders. Therefore, it’s important not to be lured in by this potential bait.
· Contacts Review of Overtone Partners Ltd:
The contact details of Overton Partners Ltd are particularly noteworthy. As a new fraudulent project, the company has not yet established a phone number or email address for communication with clients. The only option for contacting the broker is through a feedback form on the website, and there is no live chat available.
· More Details about Overtone Partners Ltd:
It is important to note a significant red flag of potential fraud on the main page of Overton Partners Ltd, which relates to the use of Any Desk and TeamViewer programs. No licensed broker would typically offer to install these services on a client’s computer. Scammers often exploit these programs to gain unauthorized access to personal data.
Pros and cons of Overton Partners Ltd:
Pros:
- Additional monthly based income
Cons:
- Overton Partners Ltd is not authorized by the FCA to provide brokerage services.
- The reported current assets seem uncharacteristically low for a successful broker.
- The broker’s website was created in late 2022, indicating that it may be a new fraudulent project.
- The only option for contacting the broker is through a feedback form on the website, with no live chat or established phone and email contact details.
AnyDesk and TeamViewer programs, which are often used by scammers to gain access to personal data, are present on the broker’s main page.
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