OROTRADE-Some important Details about This Broker

OROTRADE | 2022-08-12 18:26

Abstract：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 OROTRADE’s 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.

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.

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.

Forex trading Forex Broker

Related broker

No Regulation

OROTRADE

Company name：OROTRADE

Score

1.48

Website：https://www.orotrade.net/

2-5 years | Suspicious Regulatory License | Suspicious biz area | High potential risk

Score

1.48

Understanding the New York Forex Trading Session Time in the Philippines

The forex market operates 24 hours a day, 5 days a week, with different trading sessions that overlap and offer various trading opportunities. One of the most active trading sessions is the New York session, which plays a crucial role in the global forex market. If you're in the Philippines, understanding when the New York session overlaps with local time is essential for maximizing your trading potential.

Original 2025-02-08 15:18

Lirunex Joins Financial Commission, Boosts Trader Protection

Lirunex joins the Financial Commission, offering traders €20,000 protection per claim. A multi-asset broker regulated by CySEC, LFSA, and MED.

Original 2025-02-07 17:49

Capital.com Review 2025: Trading Account & Withdrawal to Explore

Despite its relative youth, the Cyprus-registered online broker Capital.com has garnered respectable attention from a large number of retail and professional investors since its 2016 launch. Capital.com is a frontrunner among low-cost trading products; it allows individual and institutional investors to trade contracts for difference (CFDs) on three thousand markets, including Forex, Stocks, Commodities, Indices, Cryptocurrencies, and more. Impressively, Capital.com is on board with ESG investments as well. You can begin trading CFDs on the Capital.com platform with as little as $20. You can trade CFDs on this platform without paying any commissions; the only fees involved are the spreads. This broker offers a wide range of platforms, including mobile apps, a desktop trading app, an API from Capital.com, Tradingview, and MetaTrader 4. Among Capital.com's many distinguishing features is the wealth of educational content and high-quality research it offers its users. The platform's Marke

Science Popularization 2025-02-07 16:35

WikiFX Review: Is Fortune Prime Global Reliable?

Founded in 2011, Fortune Prime Global (FPG) is an Australia-registered broker that offers a wide range of investment products (Forex pairs, Commodities, Stocks, Cryptocurrencies, Indices, and so on). Today’s article will show you what it looks like in 2025.

Original 2025-02-07 15:51