OrsFX
abstrak：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.
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