Oron Limited was established in 2023 as an International Business Company (IBC) on St. Lucia, a Caribbean island. Legal information on the website indicates that another one office is also located in Dubai, UAE. The domain was registered in May 2023. Furthermore, the broker does not engage with clients from nations identified by the FATF as money laundering risks, nor with citizens from countries subject to OFAC sanctions.
How much can we trust this company? Is it safe to trade here and how fast is it possible to withdraw money from the account? We will review the broker’s activities and answer these questions.
Trading Conditions
The broker provides registered users with access to a wide array of financial instruments, spanning stocks, cryptocurrencies, and more, totaling over 2100 trading products. With access to more than 1700 markets across 32 countries and the ability to trade in 22 national currencies, clients can execute trades swiftly, with transactions occurring on the platform in less than 14 milliseconds. The platform is compatible with both PC and mobile devices.
At Oron Limited, traders have a not so wide selection of tariff plans.
- Beginners have the option to use a demo account or open a Micro account with a minimum deposit of $20. The spreads are floating, starting from 1.5 pips, and there are no commissions.
- For more advanced traders, there is an account with a minimum deposit of $1,000. Similar to the Micro account, the spreads are floating, starting from 1 pip, and there are no commissions.
- Lastly, there is an ECN account. However, it appears that Oron Limited has not yet fully developed trading conditions for this account type. While the description of all account types states a minimum deposit of $10,000 for ECN accounts, upon further investigation on the detailed ECN account page, it is revealed that the minimum deposit is $0. However, it is mentioned below that a deposit of $10 is required to fund it.
Understanding all of this inconsistencies can be challenging, and traders may need to seek assistance from customer support as even the commissions vary across different pages, which is not ideal.
FAQ
Would investing in Oron Limited offer the best returns?
Collaborating with them increases the likelihood of losing funds rather than making a profit. Engaging in this trade entails significant risks, which is why forex and CFD trading are frequently prohibited in specific regions.
Does Oron Limited carry out withdrawals?
There is almost no real information about successful clients trading on this platform. However, there are a lot of negative reviews about this broker in the network. Therefore, it is unlikely that you will be able to withdraw your money. Please share your experience in the comments.
May I be scammed on orontrade.com?
The broker asserts to have received industry accolades and boasts about being carbon neutral since 2020, despite having only been in operation since May 2023. Furthermore, the absence of a license, along with a subpar website and other indicators, strongly suggest a high likelihood of fraudulent activity.
What's the best way to share my experience with Oron Limited?
Fill out the form and we'll make sure your voice is heard.
How can I tell if Oron Limited is a fraudulent company?
Do your own research and never believe those who promise you easy money.
16 reviews about Oron Limited