Score
Orotrader
United Kingdom|2-5 years| https://www.orotrader.com/
Website
Rating Index
Contact
Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
United Kingdom
2-5 years Suspicious Regulatory License Suspicious Scope of Business High potential riskUsers who viewed Orotrader also viewed..
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Website
orotrader.com
Server Location
United States
Website Domain Name
orotrader.com
Server IP
104.27.148.72
Company Summary
General Information & Regulation
OroTrader is an offshore broker, associated with two companies – KOI Group LLC and Ventura Group. KOI Group LLC is registered in Saint Vincent and the Grenadines – an infamous destination for scammers. Ventura Group, which actually provides OroTraders MetaTrader platform, it is also associated with FXpertos. The latter is also present in the warning list of the Spanish financial regulator.
Market Instruments
At OroTrader, traders can get access to forex currency pairs, commodities, indices, and stocks.
Minimum Deposit
No minimum deposit information is provided. However, going by trends in the forex industry, we can determine that the demanded minimum deposit should be no more than $250 for standard accounts and $10 for micro accounts.
Leverage
OroTrader does not elaborate on the leverage levels they offer. Higher the levels used, the greater the risk. That is why most financial regulators have capped the maximum leverage allowed to retail traders to ratios well below 1:100. For example, the maximum leverage provided to traders in the EU or UK is 1:30.
Spreads & Commissions
There is a staggering lack of information on OroTrader‘s website regarding all aspects of the broker’s offer, including the cost of trading. Yet, their Sirix platform gave us a EUR/USD spread of 3 pips, fixed,which is too high to be favourable for traders.
Trading Platform Available
OroTrader claims to use MetaTrader4 and Sirix. These are both good forex trading platforms, but given all the shady aspects of the broker we already discussed, youll be better off with a legit Metatrader provider.
Deposit & Withdrawal
In terms of payment methods, OroTrader accepts credit cards, bank wire and some e-wallets like Qiwi, Sofort, MasterPay, AdvCash, PostePay andYandex judging by logos displayed on its website.
Keywords
- 2-5 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
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JEAN293
Peru
They scammed me, I'm going to withdraw my investment
Exposure
2023-02-03
FX2231357807
Peru
The rate of return can be 20%, 30% and 35%(Obviously, it's not true).
Exposure
2021-06-06
英领房抵渠道低价收单
Cambodia
I don’t know what to say… their product is rubbish They forced me to close my positions which I don’t want to close. They gave me no choice because they said they will limit price up and they charge ridiculous holding cost plus 200%. They said because oil price has changed. Customer orders keep getting cancelled for no reason
Neutral
2023-03-21
心态96245
United Kingdom
The process is straightforward and slick, the rules are black and white. I've been learning to trade for 2 years but needed the discipline of a prop firm to finally take on board the lessons I professed to know.
Neutral
2023-03-06