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The WikiFX Score of this broker is reduced because of too many complaints!

OSIRIS FOREX

Australia|2-5 years|
White label MT4|Regional Brokers|Australia Appointed Representative(AR) Revoked|High potential risk|

https://www.osirisforex.com/en/

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

Full License

3
Server Name
HconvergeIntl-Demo MT4
Server Location Japan

Contact

support@osiristradelimited.com
https://www.osirisforex.com/en/
The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

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

Single Core

1G

40G

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Broker Information

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Company Name

Osiris Trade Limited

Company Abbreviation

OSIRIS FOREX

Platform registered country and region

Australia

Company website

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away! 3
Previous Detection : 2024-05-18
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 9 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

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Pyramid scheme complaint
Expose
Resolved

The scammer laundered money and transferred assets and ran away

Unable to withdraw money, always in arrears, big cake, big liar, customer service can't be contacted, system crashes! It's a sideline. The running water is gone. The principal is not given, and it becomes a fund refugee. Difficult to eat!

2023-03-04 17:36
Resolved

Unable to withdraw for 5 days after quick withdraw

About Ma Lei, Eavan Pan, and Chan Lcong Sorg's conspiracy to defraud On October 11, 2022, I was introduced by Ma Lei (from Funan, Fuyang City) to invest in foreign exchange on a foreign exchange custody trading platform named "OSIRIS trade limited". The bank account number provided by Lei was converted into virtual currency, and the total investment and deposit amounted to RMB 335,469 (US$46,898). Ma Lei, Pan, and Chen promised that the funds were safe and could be withdrawn at any time. Later, I applied for cash withdrawal, but none of the funds could be withdrawn into the account, and Ma Lei, Pan, and Chen all used various reasons to prevaricate and deceive. Ma Lei, Pan, and Chen are the same company colluding in fraudulent activities. After repeated negotiations and urging to invest funds to no avail (there is a recording of the whole process of the call recording), Ma, Pan, and Chen (Malaysian Chinese, Hu A55543807), Chen has always said I am a Singaporean, and I refused to return it with various excuses. The fraudulent behavior of these three people has violated the law and constituted a crime of fraud. I hereby apply for permission to open a case for investigation! November 26, 2022

2022-11-28 02:06

    OSIRIS FOREX · Company Summary

    Registered in Australia
    Regulated by No effective regulation at this time
    Year(s) of establishment 1-2 years
    Trading instruments Forex pairs, commodities, stocks, cryptocurrencies, indices
    Minimum Initial Deposit $50
    Maximum Leverage 1:1000
    Minimum spread 0.0 pips onwards
    Trading platform MT4, MT5
    Deposit and withdrawal method Bank wire transfer, credit card, debit card, Skrill, Neteller, PayPal
    Customer Service Email, phone number, address, live chat
    Fraud Complaints Exposure Yes

    It is important to note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

    In this review, if there is a conflict between the image and the text content, the text content should prevail. However, we recommend that you open the official website for further consultation.

    Pros and cons of OSIRIS FOREX

    Pros:

    • Wide range of tradable instruments, including forex pairs, commodities, stocks, cryptocurrencies, and indices.

    • Three account types with varying deposit requirements, spreads, and commission structures, making it easy for traders of all levels to choose an account that suits their needs.

    • High maximum leverage options available, up to 1:1000 for the Premium account.

    • Multiple deposit and withdrawal options, including bank wire transfer, credit/debit cards, and e-wallets such as Skrill, Neteller, and PayPal.

    • Comprehensive educational resources available, including an economic calendar, online courses, videos, articles, glossary, and analysis tools.

    • Multiple customer support channels, including email, phone, live chat, and a physical address.

    Cons:

    • The company is not regulated by any financial regulator, which may raise concerns for some traders.

    • The commission fees on the Zero account may be higher than other brokers, especially for traders who execute large volumes.

    • The lack of a proprietary trading platform may be a disadvantage for traders who prefer more advanced trading features.

    • The educational resources provided may not be sufficient for advanced traders who require more in-depth analysis tools and research resources.

    • The lack of regulation and oversight may result in a lack of transparency in certain areas, such as order execution and pricing.

    What type of broker is OSIRIS FOREX?

    Advantages Disadvantages
    OSIRIS FOREX offers tight spreads and fast execution due to its Market Making model. As a counterparty to its clients' trades, OSIRIS FOREX has a potential conflict of interest that may lead to decisions that are not in the best interest of its clients.

    OSIRIS FOREX is a Market Making (MM) broker, which means that it acts as a counterparty to its clients in trading operations. That is, instead of connecting directly to the market, OSIRIS FOREX acts as an intermediary and takes the opposite position to its clients. As such, it can offer faster order execution speed, tighter spreads and greater flexibility in terms of the leverage offered. However, this also means that OSIRIS FOREX has a certain conflict of interest with their clients, as their profits come from the difference between the bid and ask price of assets, which could lead to them making decisions that are not necessarily in the best interests of their clients. It is important for traders to be aware of this dynamic when trading with OSIRIS FOREX or any other MM broker.

    General information and regulation of OSIRIS FOREX

    Osiris Forex is an Australian-based forex broker that offers online trading services in forex, commodities, stocks, cryptocurrencies, and indices. The company provides various account types, including premium, fixed, and zero accounts, with different features such as spreads, commissions, and leverage. Osiris Forex also offers educational resources such as economic calendars, online courses, videos, articles, glossaries, and technical and fundamental analyses. Customer care services are available through email, phone number, address, and live chat. Osiris Forex is not regulated by any regulatory authority.

    In the following article, we will analyse the characteristics of this broker in all its dimensions, providing you with easy and well-organised information. If you are interested, read on.

    General information

    Market instruments

    Advantages Disadvantages
    Diversified investment options No information on the specific assets available
    Ability to trade various markets Lack of transparency on trading conditions for each asset
    Potential for higher returns with volatility in markets No information on trading hours for specific assets
    Access to different trading strategies Limited information on margin requirements for each asset

    OSIRIS FOREX offers a range of instruments to trade, including forex pairs, commodities, stocks, cryptocurrencies, and indices. This diversified selection of investment options allows traders to potentially increase their profits and minimize their risks through portfolio diversification. With access to various markets, traders have the ability to take advantage of opportunities as they arise, including market volatility. However, the company does not provide specific information on the available assets or their trading conditions, such as spreads, commissions, and leverage. Additionally, there is limited information on margin requirements and trading hours for specific assets, which can make it challenging for traders to make informed investment decisions.

    market instruments

    Spreads, commissions and other costs

    Advantages Disadvantages
    Competitive spreads Commission charged on Zero account
    No commission on Premium and Fixed accounts
    Fixed spreads on Fixed account

    OSIRIS FOREX offers different types of accounts with varying spreads, commissions, and other costs. The Premium account has typical spreads from 1.0 pips and no commission. The Fixed account has fixed spreads and no commission. The Zero account has typical spreads from 0.0 pips but charges a commission of $4 per side per 100000. The spreads offered by OSIRIS FOREX are competitive and can be a good choice for traders looking to save on trading costs. However, the commission charged on the Zero account may be a disadvantage for some traders who prefer not to pay extra fees. Overall, OSIRIS FOREX provides a variety of options to suit different trading needs and preferences.

    Trading accounts available in OSIRIS FOREX

    Advantages Disadvantages
    Variety of account types to choose from The premium account may not be suitable for experienced traders
    Different minimum deposit requirements The fixed account may not be suitable for traders who prefer variable spreads
    Different maximum leverage options The zero account has a commission which may not be appealing to all traders
    Different spreads types to suit different trading styles
    No commission for some account types
    Suitable for beginner, scalpers, institutional and day traders

    OSIRIS FOREX offers its clients a range of account types to choose from depending on their preferences and trading style. The premium account has a low minimum deposit of $50 and maximum leverage of 1:1000, with no commission and typical spreads starting from 1.0 pips, making it suitable for beginner traders. The fixed account, on the other hand, requires a minimum deposit of $250, has a maximum leverage of 1:400, fixed spreads, and no commission. This account type may not be suitable for traders who prefer variable spreads. Finally, the zero account has a minimum deposit of $100, maximum leverage of 1:250, typical spreads from 0.0 pips, and a commission of $4 per side per 100000. This account type is more suitable for scalpers, institutional traders, and day traders. Overall, the variety of account types offered by OSIRIS FOREX caters to different trading needs and preferences.

    image.png

    Trading platform(s) that OSIRIS FOREX offers

    Advantages Disadvantages
    Widely used and popular among traders Limited customization options
    User-friendly interface with easy navigation Limited integration with third-party tools
    Supports automated trading through expert advisors Requires a stable internet connection for optimal performance
    Availability of a wide range of technical analysis tools Limited compatibility with newer operating systems
    Availability of a large online community for support and resources Limited compatibility with mobile devices

    OSIRIS FOREX offers the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms for traders. MT4 is a widely used trading platform among forex traders due to its user-friendly interface, availability of a large number of technical analysis tools, and support for automated trading through expert advisors. MT5 is an upgraded version of MT4 with additional features such as the ability to trade stocks and futures in addition to forex. Both platforms are known for their stability and reliability, making them a preferred choice for many traders. However, some traders may find the lack of customization options and integration with third-party tools limiting. Additionally, the platforms may require a stable internet connection for optimal performance and have limited compatibility with newer operating systems and mobile devices.

    trading platform

    Maximum leverage of OSIRIS FOREX

    Advantages Disadvantages
    Allows traders to take larger positions with smaller capital Higher leverage can also amplify losses
    Increases potential profits Higher leverage involves greater risk
    Can be useful for experienced traders with a good risk management strategy May not be suitable for inexperienced traders
    Provides flexibility in trading strategy High leverage can lead to overtrading and emotional decision-making

    As for the paragraph on this dimension, OSIRIS FOREX offers different maximum leverage levels for each of its account types. The premium account has the highest leverage of 1:1000, while the fixed account has a leverage of 1:400 and the zero account has a leverage of 1:250. Leverage is a double-edged sword in trading, as it can amplify both profits and losses. Higher leverage can be useful for experienced traders who have a good risk management strategy, as it allows them to take larger positions with smaller capital and potentially increase their profits. However, higher leverage also involves greater risk, and may not be suitable for inexperienced traders who are still developing their skills and risk management strategies. Overall, traders should carefully consider their level of experience and risk tolerance before choosing a maximum leverage level.

    maximum leverage

    Deposit and Withdrawal: methods and fees

    Advantages Disadvantages
    Multiple deposit and withdrawal options Limited withdrawal options
    Quick and easy deposit and withdrawal processes Some deposit and withdrawal methods may incur fees
    Secure payment methods Withdrawal processing times can be long

    Osiris Forex offers a variety of deposit and withdrawal methods, including bank wire transfer, credit card, debit card, Skrill, Neteller, and PayPal. These multiple options make it easy for traders to deposit and withdraw funds quickly and securely. Deposits are usually processed quickly, and withdrawals can take a bit longer, depending on the payment method used. However, the withdrawal processing times can sometimes be long, which can be a disadvantage. Additionally, some deposit and withdrawal methods may incur fees, which can add to the cost of trading. Despite these disadvantages, the overall convenience and security of the payment methods offered by Osiris Forex make it a suitable choice for traders.

    deposit and withdrawal

    Educational resources in OSIRIS FOREX

    Advantages Disadvantages
    Wide range of educational resources No personalized coaching or mentoring available
    Free access to economic calendar Some resources may be more basic than advanced traders
    Comprehensive glossary of trading terms No live webinars or seminars available
    Technical and fundamental analysis Limited interactive tools for traders

    The advantages of OSIRIS FOREX's educational resources include the wide range of resources available for traders, including the comprehensive economic calendar, free access to educational materials, a glossary of trading terms, technical and fundamental analysis tools. However, there are some disadvantages, such as the lack of personalized coaching or mentoring available, some resources may be more basic than advanced traders, no live webinars or seminars available, and limited interactive tools for traders. Overall, the educational resources offered by OSIRIS FOREX are a useful tool for traders looking to improve their skills and knowledge in the forex market.

    educational resources

    Customer service of OSIRIS FOREX

    Advantages Disadvantages
    Multiple contact options (email, phone, address, live chat) No 24/7 customer support
    Physical office address available for clients No multilingual support
    Quick response times via live chat and phone Limited social media presence
    Complaints can be filed and tracked No dedicated account manager for clients

    OSIRIS FOREX offers multiple options for clients to get in touch with their customer support team, including email, phone, address, and live chat. The physical office address available for clients adds a layer of transparency and legitimacy to the company. Additionally, the customer support team is generally quick to respond via live chat and phone, and clients can file and track complaints easily. However, there is no 24/7 customer support, which could be a disadvantage for clients in different time zones. There is also no multilingual support, which could be problematic for clients who do not speak English. Finally, the company has a limited social media presence, which may limit their ability to engage with clients on various platforms.

    customer support

    Conclusion

    In conclusion, the above analysis of this venture reveals that it offers a comprehensive set of features and services to its clients, which makes it an attractive option for both beginner and advanced traders. The company's range of account types, platforms, and educational resources provide traders with the flexibility to choose the tools and resources that best suit their trading needs. Furthermore, the company's customer care services, deposit and withdrawal options, and security measures demonstrate its commitment to providing a safe and supportive trading environment. However, there are some potential downsides to consider, such as the limited range of tradable assets and the lack of availability in certain jurisdictions. Overall, this venture appears to be a reputable and well-established company that is worth considering for traders looking for a reliable and user-friendly trading platform.

    Frequently asked questions about OSIRIS FOREX

    • Question: What is the minimum deposit required to open an account with this company?

    • Answer: The minimum deposit varies depending on the type of account chosen. The Premium account requires a minimum deposit of $50, the Fixed account requires $250, and the Zero account requires $100.

    • Question: What trading platforms does this company offer?

    • Answer: This company offers both the MT4 and MT5 trading platforms, which are widely regarded as some of the most powerful and versatile trading platforms available.

    • Question: Are there any fees associated with deposits or withdrawals?

    • Answer: This company does not charge any fees for deposits or withdrawals. However, please note that some payment providers may charge their own fees.

    • Question: What types of educational resources are available on this company's website?

    • Answer: This company offers a wide range of educational resources, including an economic calendar, online courses, videos, articles, a glossary, technical analysis, and fundamental analysis.

    • Question: What is the maximum leverage offered by this company?

    • Answer: The maximum leverage offered by this company varies depending on the type of account chosen. The Premium account offers a maximum leverage of 1:1000, the Fixed account offers a maximum leverage of 1:400, and the Zero account offers a maximum leverage of 1:250.

    frequently asked questions

    User Reviews

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    7

    Comments

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    I know you two have been going in to watch this platform, I don't need to say your two names. Just know it yourself. The two of you are cooperating with the liar boss to defraud people of money and your own people. Brothers lie to brothers, use brothers to be your scapegoats. Sooner or later, time will tell everything, you two wait for the day to accept it!
    2022-12-15 22:52
    Reply
    0
    0
    FX1131743787
    more than one year
    Scam. I tried to close my account that was at that stage showing an equity of $2,000. But they requested I invest more to close my account and pay their costs...
    2022-12-12 17:42
    Reply
    0
    0
    红豆~Gainer社区
    more than one year
    Spreads were insanely high when you trade with this broker, slippage occurred frequently. I lost a large amount here, whereas they have not given me any reason… Aren’t they pure scammers?
    2022-12-08 12:29
    Reply
    0
    0
    夜丿鹰
    more than one year
    A scam company, a super fraudster, conspired with an Anhui man named Zhang Jing to defraud
    2022-11-28 20:27
    Reply
    0
    1
    外龙里马
    more than one year
    Fraudulent company, black platform, unable to withdraw money, Malaysian scammers, even pretending to be Singaporeans, came to China to scam!
    2022-11-28 01:56
    Reply
    0
    1
    OSIRIS骗局
    more than one year
    Liar company, can't withdraw cash in the end! Ma Lei, Funan County, Fuyang, Anhui, and what he called Eavan Pan Pan Wen, Chan Lcong Sorg (Malaysian who claimed to be a Singaporean, passport A55543807) conspired to defraud! ! We were cheated out of nothing! ! ! Everyone must keep their eyes open! ! ! !
    2022-11-28 01:44
    Reply
    0
    0
    傻子227
    more than one year
    The black heart platform, in order to deceive you to deposit money in the early stage, I can't wait to call your father. now what…
    2022-10-28 11:39
    Reply
    0
    0
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