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OROTRADE

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

https://www.orotrade.net/

Website

Rating Index

Contact

+44 777 343 212
https://www.orotrade.net/

Licenses

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

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Warning: Low score, please stay away! 2
Previous Detection : 2024-06-22
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

OROTRADE · WikiFX Survey

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OROTRADE · Company Summary

Since OROTRADEsofficial website (https://www.orotrade.net/) cannot be opened at the moment, we could only piece together this brokerage house by gathering some relevant information from other websites.

General Information

OROTRADE is a forex brokerage registered in the United Kingdom. This brokerage was established quite young, with its operating time only around 2-5 years. Since OROTRADEs official website cannot be accessible now, we could only get minimal information.

Concerning regulatory information, it has been verified that this broker has no valid regulation and it has got a pretty low score of 1.30/10 on the WikiFX website based on five indexes, namely Regulatory Index, License Index, Risk Management Index, Software Index, and Business Index. Please be aware of the risk, for trading with an unregulated forex broker is always a dangerous process.

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Market Instruments

OROTRADE claims that it offers its clients access to a series of trading instruments, such as Foreign Exchange, CFD Products, Bonds as well as other derivatives.

Leverage

When it comes to trading leverage, the default leverage on the OROTRADE platform is 1:200, and clients are not allowed to change it themselves.

Please note that this leverage is too high for retail investors and many regulatory authorities have lowered it to reduce risk. EU, British and Australian brokers are forced to limit leverage for retail clients to 1:30 for FX majors, and the US and Canadian brokers can only provide leverage below 1:50.

Deposit & Withdrawal

OROTRADE claims that it supports clients in making a deposit and withdrawal via Wire Transfer, Electronic Bank Deposit (ACH), but does not provide further information on this part.

Customer Support

OROTRADE offers poor customer support, and it can be only contacted through a Telephone: +44 777 343 212

Risk Warning

Forex and Leveraged trading carry a certain level of risk, and it is not suitable for everyone. Please note that the information contained in this article is for general information purposes only.

Broker Information

Company Name

OROTRADE

Company Abbreviation

OROTRADE

Regulatory Status

No Regulation

Platform registered country and region

United Kingdom

Company website
Phone of the company
  • +44 777 343 212

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Company Summary

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FX1302536006
more than one year
The company OROTRADE froze my account for no reason, saying that I was involved in illegal transactions. After the freeze period expired, the company's website couldn't be opened!
2023-03-01 16:06
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