OORA FX Review: Oorafx.com Forex Scam Exposed

OORA FX (Oorafx.com) is another brutal CFDs, Cryptocurrency, and Forex scam stealing from unsuspecting investors. OORAFX is claiming to be a global broker with 10 years worth of experience. With such bold claims, investors have signed up without thinking twice. And this has led to a fallout as members have seen the true colors of this rogue online trading platform. Read this genuine and honest OoraFX Review for more details.

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OORA FX Review

Our help desk has been receiving numerous email complaints from members of OORAFX. And this is why we decided to investigate this platform and expose some of the red flags. Make sure to read this review as we reveal what makes this a platform to avoid. Without a doubt, OORA FX is stealing members by refusing to grant withdrawals. Thanks to our years of investing and trading, we know how to spot a scam from a mile away. Stay informed and ignore their pleas to sign up.

These professional online scam artists will come up with a compelling website to lure investors. In most cases, they have cloned a real trading website and used information to fool investors. And this is what OORA FX is doing as this is nothing but a cloned website. No trading is taking place as investors are fooled into believing they can make quick profit. Beware of platforms which promise you heaven as soon, they will deliver hell. OORA FX is a scam to be wary of.

About OORA FX

When it comes to the history of this platform, all we have is their word. How comes no broker has ever heard of this platform? With over 10 years of trading, you would expect the platform to be recognized in at least one area. No broker seems to have a clue regarding the full ownership details of this platform. And this is where cracks start to emerge in regards to the whole website. Scam artists will do or say anything to make it appear that they are real. Some will use fake years as their experience.

Another shocker with OORA FX is in regards to anonymity. No one knows the founding members of this platform. And this is where we draw the line as the platform should have real owners. Where is the platform actually located? No information is given on the entire website regarding their main offices. We suspect this is another offshore driven scam to steal from investors all over the world. Offshore brokers are notorious for producing anonymous websites.

Is OORA FX licensed or registered?

No one knows where the platform is located which makes licensing a bit weird. We reached out to some of the regulatory bodies from all over the world to confirm their license status. What we found out was shocking as no regulatory body seems to recognize this platform. Some of the regulatory bodies we contacted include ASIC, CONSOB, CySEC, FCA, NFA, and SEC. None of these bodies as ever heard of this platform. Stay away from this platform as it is not regulated.

A truly regulated platform will post copies of their license certificates and documents. The entire website fails to give users any information regarding their license status. And this is proof these scam artists are trying to hide something. Stay away from this platform as your funds are not safe. These scam artists are taking your money and depositing them in their personal bank accounts.

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Advantages of OORA FX

We could not find any advantage of trading with a platform which is anonymous in nature. With the number of complaints rising by the day, this is surely a scam to avoid. Make sure to sign up with leading and proven platforms as opposed to anonymous and unlicensed entities. OORA FX is soon going to wind up and members should not expect any compensation. These are scam professionals who seem to have mastered the art of stealing from online investors.

Disadvantages of OORA FX

Account types

OORA FX is furnishing users with six different account types to choose from. Accounts are listed as Bronze, Silver, Gold, Diamond, Platinum, and Islamic 360. These accounts are used as a decoy to trap different types of investors. No matter who you are, once you choose any account and deposit funds, these scam artists steal from you. And this is what makes OORAFX a scary platform. They have posted attractive accounts just to lure investors into signing up with them.

Customer support

Another problem we noticed is lack of a proper communication process. You would expect by now a platform to offer live chat support. OORA FX is using emails for communication which is not effective enough. Emails may take years to get a clear response as opposed to live chat. Once you share your contact details, you will never go a day without receiving a call to deposit funds with these scam artists.

Demo Account

OORA FX is scamming users by rigging their demo account. These scam artists have taken advantage of this and rigged the demo account. Even newbies who don’t have a clue about trading are making over 98% successful trades. Demo accounts use virtual money which is not real.

Trading platform

No one knows the trading platform used in this website. Details of using MT5 are not confirmed as users claim the platform is highly unstable. And this is true considering the platform lacks proper security features. Lack of DDoS and SSL Encryption is a cause for alarm. Hackers can easily take over this platform and steal credit card information and other valuable data. Investors should best stay away from this platform and never interact with the so-called account managers.

Safety of funds with OORA FX

Members are angry since they can never be able to track down this scam artists. And this is why you should never associate with OORA FX. Stay away from this platform or else risk becoming another victim.

Scam or legit

Evidence clearly shows OORA FX is a scam. Make sure to ignore all their promotional materials. Warn your family and friends from signing up with any of their affiliate programs.

Final thought

We will be adding this platform to our scam blacklist and ensure our readers are kept informed.

Why not use credible and dependable brokers who have the right expertise to make money? Sign up with dependable and reliable brokers for a chance to make real profit.

Wishing you all the best.