OROTRADE-Some important Details about This Broker

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.