OrsFX 　　

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.

Pros and Cons

Is OrsFX Legit?

ORSFX is registered under the Financial Conduct Authority (FCA) in the United Kingdom with license number 16198181.

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...

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.

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

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.

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.