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