Note: OREY iTrade is to operate via the website - http://oreyitrade.com, which is currently not yet functional and no information about the company was immediately available. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.
General Information & Regulation
OREY iTrade, a trading name of Grupo Orey, is allegedly a forex and CFD broker registered in Portugal that claims to provide its clients with various tradable financial instruments with floating spreads from 0.2 pips on the web-based Orey iTrade trading platform. Here is the home page of this brokers official site:
As for regulation, it has been verified that OREY iTrade does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.44/10. Please be aware of the risk.
Market Instruments
OREY iTrade advertises that it offers trading of more than 100 currency pairs (forex), indices, CFDs, stocks, ETFs, futures, options, warrants, forwards and commodities.
Spreads & Commission
OREY iTrade claims that spreads and commissions vary depending on the account type. For example, the forex spread starts from 0.2 pips, while the indices spread from 0.4 pips. As for commissions, commission for CFDs on Spanish and American shares is 0.075% with a minimum of €5 and with a minimum of €12 for European shares, while 0.15% with a minimum of £15 for British shares. More detailed information can be found in the below screenshot.
Trading Platform Available
Instead of the world's most advanced and popularly-used MT4 and MT5 platforms, OREY iTrade offers the web-based Orey iTrade, which has versions available for different devices, including Desktop, Mobile and Web devices.
Deposit & Withdrawal
The minimum initial deposit requirement at OREY iTrade is said to be as high as €2,000. However, the broker says nothing about the acceptable deposit and withdrawal methods.
Customer Support
OREY iTrade‘s customer support can be reached by telephone: + 351 213 407 080, 910 888 090, email: info@oreyfinancial.com. However, this broker doesn’t disclose other more direct contact information like the company address that most transparent brokers offer.
Pros & Cons
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
2023-03-22 15:44
