Risk Warning: This Orient Futures is just a clone broker posing as a legit one to confuse investors.
It has been verified that this broker has no valid regulation. Please be aware of the risk.
General Information
This Orient Futures is suspected to be a clone forex broker that take advantage of another legit Orient Futures official website to misunderstand investors.
This Orient Futures has been verified to have no regulation, and the MAS regulatory license (Singapore) it holds is a suspicious clone. Please be aware of the risk.
Market Instruments
Fourclasses of trading instruments are available: Commodities, Stock Indices, Forex, and Currency Pairs.
Account Types
Three types of trading accounts are provided by this platform, which include the following:
l Individual
l Joint
l Corporate
How to open an account with Orient Futures？
Opening an account with Orient Futures is an easy and simple process:
1. Click the “Sign Up” link, and fill up some required details on the popping-up page.
2. Upload your personal data for this company to verify your details.
3. Choose the preferable payment methods, fund your account and start to trade with this forex broker.
Spreads & Commissions
Commissions are tightly associated with Margin (USD). If you deposit up to $50,000, an all-in commission of $3.88 per lot is charged. If the amount is above $50,000, you need to negotiate commissions with this broker.
Please note:
GST: 7% on commission (Does not apply for non-Singapore Domiciled customer)
All-in Commission includes trading system fee and exchange related fees
All-in Commission Does Not include market data fee
The Rates above applies to most but not all products. Please reach out for specifics.
Trading Platforms
Multiple trading platforms are provided, including CQG, Stellar, ATPlatform, Trading Technology, MT5. Given the fact that this broker is a clone one. Please just stay away from it.
Deposit & Withdrawal
With the Orient Futures, you can either deposit through Cheque or Bank Transfer.
1. Cheque
Deposit by cheque should be made payable to the beneficiary name indicated in the Banking SSI (Bank Standard Settlement Introduction for Client)
2. Bank Transfer
3. For deposit through Bank Transfer, you can refer to the Banking SSI (Bank Standard Settlement Instruction for client). Please note that all bank fees incurred in the remittance of funds to OFIS shall be borne by the customer. Due to Bank remittance fees charged by the banks, the quantum of funds received by OFIS for deposit into your account may be lower than the transferred quantum of funds.
Withdrawal
Submit a funds withdrawal form via this brokers support section. Your funds will be transferred into the bank account maintained with Orient Futures once it received your request and you will be notified accordingly. please note that all bank fees incurred from the remittance of funds by OFIS shall be ultimately borne by the customer. OFIS will transfer the specified quantum set out in your Funds Withdrawal Form to your account and charge all bank remittance fees in a separate transaction.
Customer Support
Clients can get in touch with Orient Futures through the following contact channels:
Telephone: +65 6955 7500
Email: support@orientfutures.com.sg
Registered Company Address: 1 Wallich Street #30-03 Guoco Tower Singapore 078881
Or you can also keep up with this broker on some social media platforms, such as Facebook, Instagram, Youtube, and Twitter.
Risk Warning
Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that your fully understand the risks involved, taking into account your investments objectives and level of experience.
The information presented in this article is intended solely for reference purposes.
