Overton Partners Ltd “provides wings to fly”. Sounds weird for a broker, doesn’t it? However, scam projects are very often scattered with such loud words. Then they cheat traders for huge amounts of money and clients have no choice but to write negative reviews. Is the hero of our review an honest broker or another fraudulent fake? Let’s check together.
- Overton Partners Ltd General Information
- Registration and Client Portal Review
- Overton Partners Ltd Trading Conditions
- Account Types Review
- Trading Platform
- Overton Partners Ltd — Deposit and Withdrawal of Funds
- Additional Options
- Is Overton Partners Ltd a Scam?
- Legal Information and License
- Overtonpartnersltd.com Domain Info
- Contacts Review
- More Details
- Pros and Cons
- Frequently Asked Questions (FAQ)
Overton Partners Ltd General Information
Registration and Client Portal Review
The official Overton Partners Ltd website looks like every second scam site. There is an absolutely standard template menu and an unremarkable design. However, it is obvious that this is a completely new project. The content on the site has not yet been fully put in order. At least the news is published daily. We also noticed that the site is translated only into English. So, Overton Partners Ltd is hardly an international broker.
Registration on the platform is standard and even primitive. All you need to create an account is to fill out a small form. You only need to specify your first and last name, as well as contacts. The broker is not interested in your trading experience, income level, and everything else that licensed companies usually ask for. You won’t even need to confirm your email address and phone number. After filling out the form, you will immediately get access to the Client Portal.
As for the Client Area, the functions in it are also standard. Here you can choose a payment method and fund your account or submit a withdrawal request. There is also a link to the trading terminal here. Besides, you can change your personal data and upload the necessary documents.
Overton Partners Ltd Trading Conditions
We were not very impressed with the broker’s trading conditions. Not only is there nothing special about them, but they are also developed for a limited number of traders.
Account Types Review
So, Overton Partners Ltd has only 5 types of accounts. Just look at the minimum deposits! Even if you choose an account for beginners, you will have to deposit at least 5 thousand pounds. If you choose a VIP account, then be ready to fork out 250 thousand. At the same time, in the account for beginners, as well as Gold and Silver, the broker provides limited access to trading assets.
In other words, you won’t be able to trade all the instruments. You will only be given access to some assets. Only the Premium account has unlimited access to all trading instruments. However, it needs to be deposited at least 150 thousand pounds. By the way, the more money you transfer into the account, the lower the spreads will be and the higher the leverage.
Such trading conditions are not that profitable but just extortionate. By the way, this is a distinctive feature of scammers offering more and more near-market services, depending on the size of the deposit. Moreover, Overton Partners Ltd does not have a demo account or even an Islamic account.
A broker’s strength cannot be called a trading platform. That is fairly modest software. It has an unassuming design and a limited number of functions. Additionally, the platform is only available in the web interface. You cannot download it to a PC or smartphone. In general, this web trader may be suitable only for beginners who are trading on the market for the first time. However, remember that even for a beginner account, you need to deposit 5 thousand. By the way, apparently, since Overton Partners Ltd requires such a minimum deposit, it could purchase a more convenient platform for traders.
Overton Partners Ltd — Deposit and Withdrawal of Funds
The broker accepts bank cards, wire transfers, and e-wallets. The method of depositing is very strange. In your Client Portal, you need to specify the amount. Thus, you will create a request. And then you will need to wait until the manager of Overton Partners Ltd contacts you.
The withdrawal methods are limited. You will be able to receive money only by wire transfer or BTC.
Overton Partners Ltd asks customers to pass verification. This can be done in your Client Portal. In the Personal Information tab, you need to choose to upload documents. To confirm your identity, provide a photo of your passport or ID card. To confirm the registration address, upload the utility bill or bank statement. Also, note that to withdraw the money you will have to fill out and upload a special form.
We will not consider such services as analysis or bonuses to the account. Almost every fraudulent project has them. However, few of these brokers offer a return on investment. Overton Partners Ltd surprisingly has such a service. Starting with the Gold account, traders can receive from 9 to 15% ROI to their account monthly. Isn’t it true that such services are more similar to what HYIPs offer?
By the way, the broker does not tell why it is so generous and where it earns money for these payments. We can assume that you will receive these charges from the deposits of newcomers registered in this project. Meanwhile, brokers do not have the right to guarantee a specific income on the deposit. So, such services are even illegal.
Is Overton Partners Ltd a Scam?
Checking services and trading conditions led us to the idea that Overton Partners Ltd is not a very transparent project. Therefore, we will check all the broker’s data in more detail.
Legal Information and License
Overton Partners Ltd assures that it is registered in the UK. The company even provides a registration number from the registry. We checked and really found such a company there. There is nothing specific in the types of activities, just financial intermediation. However, as a broker and a semblance of an investment company, Overton Partners Ltd must be authorized by the FCA.
This British regulator has a registry. It is open and anyone can check whether the company provides services legally. As you may have guessed, the hero of our review is not authorized. It has no right to provide brokerage services.
Meanwhile, just look at the financial report of this company. 11 thousand current assets? Is this like successful broker reporting? Of course not. Therefore, we conclude that the scammers simply use the name of the company, Overton Partners Ltd, posing as it.
Overtonpartnersltd.com Domain Info
Another reason to think this broker is a thief is lifespan. The original company was founded in 2013. However, there is a small number of reviews about the broker on the network. Moreover, the domain check shows that it was created on December 22, 2022. Overton Partners Ltd is a completely new project that has not yet managed to deceive many traders. So don’t fall for this bait.
Contact details undoubtedly deserve special attention. Overton Partners Ltd is such a new fraudulent project that it has not even created a phone and email yet. You can contact the broker only by using the feedback form. There is not even a live chat on the site.
We’re hoping you notice a clear sign of fraud on the Overton Partners Ltd main page. We are now referring to the AnyDesk and TeamViewer programs. You will not find a single licensed broker who would offer to install these services on your computer. Scammers use this software to get to your personal data.
Pros and Cons
- Additional monthly income.
- Signs of a Ponzi scheme.
- Fake legal data.
- No contacts.
- No license.
- High minimum deposit.
- Poor trading conditions.
Frequently Asked Questions (FAQ)
The broker offers to trade CFDs and receive a fixed monthly ROI.
Perhaps the slogan of this company is the more the better. Therefore, according to the Overton Partners Ltd trading conditions, you will have to fund your account by at least 5 thousand pounds.
No, not at all. Overton Partners Ltd is an unregulated fraudulent broker.