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/10

Orotrader

United Kingdom|2-5 years|
Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|

https://www.orotrader.com/

Website

Rating Index

Contact

+44 7537185120
support@orotrader.com
https://www.orotrader.com/
https://www.facebook.com/Orotrader/?ref=page_internal

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

Spanish

+44 7537185120

Broker Information

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Company Name

Orotrader

Company Abbreviation

Orotrader

Platform registered country and region

United Kingdom

Company website
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Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-03-28
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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Orotrader · Company Summary

General Information & Regulation

OroTrader is an offshore broker, associated with two companies – KOI Group LLC and Ventura Group. KOI Group LLC is registered in Saint Vincent and the Grenadines – an infamous destination for scammers. Ventura Group, which actually provides OroTraders MetaTrader platform, it is also associated with FXpertos. The latter is also present in the warning list of the Spanish financial regulator.

Market Instruments

At OroTrader, traders can get access to forex currency pairs, commodities, indices, and stocks.

Minimum Deposit

No minimum deposit information is provided. However, going by trends in the forex industry, we can determine that the demanded minimum deposit should be no more than $250 for standard accounts and $10 for micro accounts.

Leverage

OroTrader does not elaborate on the leverage levels they offer. Higher the levels used, the greater the risk. That is why most financial regulators have capped the maximum leverage allowed to retail traders to ratios well below 1:100. For example, the maximum leverage provided to traders in the EU or UK is 1:30.

Spreads & Commissions

There is a staggering lack of information on OroTrader‘s website regarding all aspects of the broker’s offer, including the cost of trading. Yet, their Sirix platform gave us a EUR/USD spread of 3 pips, fixed,which is too high to be favourable for traders.

Trading Platform Available

OroTrader claims to use MetaTrader4 and Sirix. These are both good forex trading platforms, but given all the shady aspects of the broker we already discussed, youll be better off with a legit Metatrader provider.

Deposit & Withdrawal

In terms of payment methods, OroTrader accepts credit cards, bank wire and some e-wallets like Qiwi, Sofort, MasterPay, AdvCash, PostePay andYandex judging by logos displayed on its website.

User Reviews

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英领房抵渠道低价收单
more than one year
I don’t know what to say… their product is rubbish They forced me to close my positions which I don’t want to close. They gave me no choice because they said they will limit price up and they charge ridiculous holding cost plus 200%. They said because oil price has changed. Customer orders keep getting cancelled for no reason
2023-03-21 09:50
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0
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心态96245
more than one year
The process is straightforward and slick, the rules are black and white. I've been learning to trade for 2 years but needed the discipline of a prop firm to finally take on board the lessons I professed to know.
2023-03-06 18:02
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