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OrsFX Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-12-19 11:38

Abstract：Registered in Australia, OrsFX is a financial broker offering five classes of trading products. It provides demo accounts and three live accounts, with a minimum deposit of just $10. In addition, OrsFX supports trading via MT5 and offers copying trading services. However, it is important to note that this broker lacks legal regulation.

OrsFX Review Summary
Founded	2022
Registered Country/Region	Australia
Regulation	Unregulated
Market Instruments	Forex, Indices, Commodities, Stocks and Cryptocurrencies
Demo Account	✅
Leverage	1:500
EUR/USD Spread	From 1.5 pips
Trading Platform	MT5
Coping trading	✅
Min Deposit	$10
Customer Support	Tel: +61 483 957 352
	Email: support@orsfx.com
	Facebook: https://www.facebook.com/orsfx
	YouTube: https://www.youtube.com/@orsfx
	Physical address: 07/1 Wilson Street West End QLD 4101
Regional restrictions	The United States, Cuba, Iraq, Myanmar, North Korea, Sudan

　　Registered in Australia, OrsFX is a financial broker offering five classes of trading products. It provides demo accounts and three live accounts, with a minimum deposit of just $10. In addition, OrsFX supports trading via MT5 and offers copying trading services. However, it is important to note that this broker lacks legal regulation.

Pros and Cons

Pros	Cons
Various trading instruments	No regulation
Multiple account types	Regional restrictions
Demo accounts
Commission-free account offered
MT5 trading platform
Copying trading
Multiple payment options
Low minimum deposit
No fees for deposits and withdrawals

Is OrsFX Legit?

　　No, OrsFX is not a legitimate broker. It currently holds no valid regulatory license and should be approached with caution. Please be aware of the risk!

What Can I Trade on OrsFX?

　　OrsFX offers a wide range of market instruments, including Forex, Indices, Commodities, Stocks, Cryptocurrencies.

　　Forex pairs: 65+ forex pairs, like EUR/USD, GBP/USD, USD/JPY, USD/CHF, AUD/USD, USD/CAD

　　EUR/JPY...

　　Indices: 25+Indices, like S&P 500, US 100, Dow 30, Nikkei 225, DAX Index...

　　Commodities: Gold, Silver, Crude oil, Natural gas, Wheat, Corn, Coffee, Sugar, Cocoa...

　　Stocks: Tesla, Apple, Amazon, Nvidia, msft, meta...

　　Cryptocurrencies: BTC, ETH, XRP...

Tradable Instruments	Supported
Forex	✔
Indices	✔
Commodities	✔
Stocks	✔
Cryptocurrencies	✔
Bonds	❌
Options	❌
ETFs	❌

Account Type

　　There are three types of live accounts available on OrsFX, with minimum deposits ranging from $10 to $100, along with varying spreads and leverage.

　　Additionally, it provides a demo account for new traders to get accustomed to the platform and refine their trading skills.

Account Type	Min Deposit
Standard	$10
Pro	$10
Raw	$100

Leverage

　　OrsFX provides a maximum leverage of 1:500 for all account types, allowing you to adjust the amount according to you individual needs. However, while high leverage can potentially increase profits, it amplify the risk of losses. Given that OrsFX is an unregulated broker, you are advised to exercise caution when utilizing high leverage.

Spread and Commission

Account Type	Spread	Commission
Raw	From 0.8 pips	❌
Zero	From 0.0 pips	$0.6

Trading Platform

　　The trading platform provided by OrsFX is MetaTrader 5, a professional and advanced platform that can be used on both PCs and mobile devices. However, despite the platform's professionalism, it does not guarantee the reliability of OrsFX, which is an unregulated broker. Therefore, caution is advised, and it is best to avoid dealing with unregulated companies.

Trading Platform	Supported	Available Devices	Suitable for
MT5	✔	Web and Mobile	Experienced traders
MT4	❌	/	Beginners

Deposit and Withdrawal

　　OrsFX offers a variety of deposit and withdrawal methods, including credit and debit cards, Neteller, Skrill, Perfect Money, Bitcoin, Tether, and Binance Pay. Among these options, cryptocurrency payments are non-refundable.

　　In addition, OrsFX does not impose any additional internal fees for deposits or withdrawals. However, please be aware that payments to and from overseas banking institutions may incur intermediary transfer fees from either party.