Score
United Kingdom
|
2-5 years
| https://www.orangefx247.com/
Website
Rating Index
LicensesNo valid regulatory information, please be aware of the risk!
United Kingdom
orangefx247.com --Note: ORANGEFX247's official website: https://www.orangefx247.com/ is currently inaccessible normal.
| ORANGEFX247Review Summary | |
| Founded | 2021 |
| Registered Country/Region | United Kingdom |
| Regulation | Not regulated |
| Market Instruments | EUR/USD, Gold, Oil, Facebook, Google, Tesla stocks, S&P 500, Nasdaq, Bitcoin, Ethereum |
| Demo Account | / |
| Leverage | Up to 1:300 |
| EUR/USD Spread | 0.1 pips |
| Trading Platform | MT4, Webtrader |
| Min Deposit | $50 |
| Customer Support | Email: support@orangefx247.com |
| Address: 24 Dowgate Hill London EC4R 2YAE UNITED KINGDOM | |
Founded in 2021, ORANGEFX247 offers many trading assets, like EUR/USD, Gold, Oil, Facebook, Google, Tesla stocks, S&P 500, Nasdaq, Bitcoin, and Ethereum with leverage up to 1:300 and from 0.1 pips via the MT4 and Webtrader platform. The minimum deposit requirement to open an account is just $50. However, it is not regulated.
| Pros | Cons |
| Various trading assets | Not regulated |
| Multiple account types | Lack transparency |
| Flexible leverage ratios | No demo accounts |
| Popular trading platform MT4 | High minimum deposit |
| Limited payment options | |
| Transaction fee charged | |
| Inactivity fee charged |
No, ORANGEFX247 operates without regulation. Even the Spanish regulator CNMV has already issued a warning against ORANGEFX247. Traders should be more cautious.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Stocks | ✔ |
| Cryptocurrencies | ✔ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
ORANGEFX247 offers three account types: Standard, Premium and Mega.
| Account Type | Min Deposit |
| Standard | €250 |
| Premium | €2 500 |
| Mega | €25 000 |
ORANGEFX247's leverage is 1:100 by default and can be increased to 1:300 for deposits in excess of $25000. The higher the leverage, the higher profits or losses.
The spread of ORANGEFX247 isfrom0.1 pips for EUR/USD.
ORANGEFX247 also has an inactivity fee: an account can be dormant after 6 months of inactivity and will charge a deduction of 10% per month.
| Trading Platform | Supported | Available Devices | Suitable for |
| Webtrader | ✔ | Web | / |
| MT4 | ✔ | Desktop, Web and Mobile | Beginners |
| MT5 | ❌ | / | Experienced traders |
OrangeFX247 accepts deposits via credit cards, wire transfers and OKPay, and the minimum deposit is $250. Besides, the minimum withdrawal is $35.
If traders withdraw by Wire Transfers, the minimum withdrawal is $250, and every transaction costs $50. If trade with other methods, the minimum withdrawal is $100, and each transaction costs $25+$10.
Besides, there is an additional 10% of your withdrawal if you have not achieved a ridiculous turnover of 200 times.
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