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Score

1.81 /10
Danger

OrsFX

Australia

2-5 years

Suspicious Regulatory License

MT5 Full License

Regional Brokers

High potential risk

https://orsfx.com

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Score

Regulatory Index0.00

Business Index5.37

Risk Management Index0.00

Software Index7.40

License Index0.00

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Licenses

No valid regulatory information, please be aware of the risk

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

OrsFX

Company Abbreviation

OrsFX

Platform registered country and region

Australia

Company website

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Company summary

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Warning: Low score, please stay away!
Previous Detection : 2024-12-23
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

OrsFX · Company summary
OrsFX Review Summary
Founded2022
Registered Country/RegionAustralia
RegulationUnregulated
Market InstrumentsForex, Indices, Commodities, Stocks and Cryptocurrencies
Demo Account✅
Leverage1:500
EUR/USD SpreadFrom 1.5 pips
Trading PlatformMT5
Coping trading✅
Min Deposit$10
Customer SupportTel: +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 restrictionsThe 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.

OrsFX's homepage

Pros and Cons

Pros Cons
Various trading instrumentsNo regulation
Multiple account typesRegional 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!

No license

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❌
What Can I Trade on OrsFX?

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 TypeMin Deposit
Standard$10
Pro$10
Raw$100
Account comparison

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.

Leverage

Spread and Commission

Account TypeSpreadCommission
RawFrom 0.8 pips❌
ZeroFrom 0.0 pips$0.6
Account comparison

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 PlatformSupported Available Devices Suitable for
MT5✔Web and MobileExperienced traders
MT4❌/Beginners
MT5

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.

Deposit
Withdrawal
Deposit and Withdrawal

User Reviews

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Fifie
more than one year
OrsFX is a top-notch platform with exceptional customer support! Their team is super responsive and always ready to assist. Plus, their commission rates are really competitive, which is great for traders who want to keep more of their earnings.
OrsFX is a top-notch platform with exceptional customer support! Their team is super responsive and always ready to assist. Plus, their commission rates are really competitive, which is great for traders who want to keep more of their earnings.
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2024-07-18 18:35
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FX1492746351
more than one year
Really happy with ORSFX so far. The mobile app is super convenient for trading on the move, and their customer service has been top-notch. Competitive spreads also mean more profit for me. Just hoping for some updates to the interface soon!
Really happy with ORSFX so far. The mobile app is super convenient for trading on the move, and their customer service has been top-notch. Competitive spreads also mean more profit for me. Just hoping for some updates to the interface soon!
Translate to English
2024-06-17 16:18
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