WikiFX

Reply

Is OrsFX legit? While the broker does have some attractive features, like coinexx demo account and the ability to trade on the popular coinexx mt4 platform, its lack of regulation makes me hesitant about its safety. As a trader, I believe that regulation is crucial to ensuring the security of my funds and fair treatment. OrsFX is not regulated by a top-tier authority, which means that my funds could be at risk if anything goes wrong with the platform. The fact that it offers high coinexx leverage up to 1:500 makes me more cautious, as this high leverage can magnify both gains and losses. While OrsFX claims to provide low spreads and a variety of instruments, the absence of any regulatory body overseeing its activities adds an element of uncertainty and risk. I would only consider trading with OrsFX if they can provide more transparency about their operations and financial oversight. Until then, I would recommend other regulated platforms for safer trading.