Oranda is a company that is trading crypto, forex, and Binary. Whenever we come across an offshore entity offering Binary options trading, goosebumps grow on our skin. This is because most of them turn out to be nasty scams.
Investors have the choice of selecting the asset that suits their needs. There is no commission that investors have to pay. They welcome even novice investors to try out their services. You can also trade as much volume as you wish.
Oranda entity brags that it has investors in over 140 countries. Unfortunately, the entity is operating illegally without minding the safety of clients’ funds or data. Nonetheless, they falsely claim to be authorized by the FCA.
If you know what’s good for you, avoid this dirty scheme. It has become the new trend in the industry. Scammers keep entering the market with all sorts of promises. They promise to revolutionize the market. Additionally, they build up the hope of traders to make them rich overnight.
Invest with reputable forex trading companies that have outstanding customer support. These ventures also provide verified information. Their trading result shows they are legit. Additionally, their customers trade with confidence.
The interface of the venture is allegedly built in a manner that makes trading easy. The offshore venture also assures clients it will never share their data with third parties. However, dirty schemes end up doing as they please.
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They even betray their loyal clients. Once Oranda exits the market, they may sell your data to a third party. Moreover, they can also reach you using a different name. Asking for more money and promising to recover everything you have lost.
Depending on your level of desperateness, you can end up giving them more funds. Scammers are tactical. In most cases, they don’t lose. The fraudulent venture even features testimonials to facilitate its course.
Oranda.Trade is operating in full transparency. We don’t know the people managing the firm. The individuals’ qualification or how they look like. It is, therefore, impossible to track down the fraudsters once they close down their business.
Is Oranda really licensed by CySEC and FCA? Unfortunately, the broker makes a bold claim it has a regulatory form from two reputable financial watchdogs in the market. However, this is a false allegation. The parent company that manages the operation of this venture is also unknown.
Investing with the broker exposes you to severe risks. You won’t get fund safety from this firm. The platform does not segregate funds. Therefore, you empty your pocket dry as you fatten the scammers’ accounts.
The company also claims to operate from the USA. The NFA and CFTC do not permit them to collect funds from traders. The venture cannot survive the volatility in the industry. Additionally, it does not deposit $2 million by the rules of the watchdog.
Once Oranda.Trade leaves, the market traders won’t receive compensation. It will also be impossible to issue a chargeback since the firm accepts shady payments. The company additionally fails to report its daily activity to the financial bodies.
Investors’ fund might end up being misused. The entity does not care about their clients’ needs. The moment the firm realizes its plan has been blown up and exposed, it will cease to exist. Ponzi schemes don’t last for more than a year.
Moreover, we also learned that the venture has a registration dorm from the Commonwealth of Dominica. The country does not oversee the activities of online ventures. It is, therefore, a haven for the fraudsters.
The venture claims it has an MT4. Sadly, this is another fat lie. We could not access the interface. Some charts are not accessible to investors. The fraud could also be using third-party graphs instead of developing them.
Oranda.Trade also avails an option for clients to purchase digital currencies. However, this feature is available for crypto exchanges and not brokers. We don’t know the trading conditions available to investors. Therefore, clients won’t know what they are getting themselves into.
The entity is allegedly accepting funds via MasterCard and Visa. Unfortunately, this information is unverifiable. The scam cannot give your cashback once you grant them access. Moreover, the broker does not set up a standard minimum deposit.
Expect an uneven amount depending on your country of origin. The entity is charging fees but fails to shed more light on the matter. Oranda.Trade might not protect clients against negative balance. Therefore, you will lose more money than you had initially deposited.
A legit company will provide all the necessary information. You will learn the minimum amount that you can deposit. Moreover, the charges will also be revealed, if any. Scammers have no intention of releasing funds.
The company features several testimonials to deceive clients. This is the best broker. The clients are praising the venture for providing the best services. We learned that Oranda is using trading EAs to generate the advertised returns.
The platform has helped clients to recover their losses. The support is also credited for being professional and responding on time. The fees that the firm charges are disclosed. However, this is far from the truth.
The entity is using stock images. They steal images from random people on the internet. These people lack the insight that their pictures are being misused. Oranda.Trade is a desperate venture that will do anything in its power to steal from innocent people.
The venture states it has an award-winning support team. They respond to investors’ queries within seconds. Unfortunately, the only mean of communication available is via email and live chat. There is no phone number that traders can use.
Oranda.Trade eliminated the nuisance of their victims. Moreover, the company does not have enough funds to hire a reputable support team. Therefore, entrusting such a broker with your earnings puts you at greater risk.
The entity features an office address that purports it is operating from the UK. They also claim to have offices in the USA. The shady venture is untrustworthy and features a random area. Trusting this firm with your personal info is dangerous. Therefore, trade wisely and avoid obvious scammers.
Oranda.Trade is a new Ponzi scheme that is unlucky to be on our warning list. The venture is only a month old as per the time of this writing. The traffic visiting their website is also low. The trust score is unappealing and proves the venture is to no good.
Oranda.Trade is a Ponzi scheme that tries very hard to remain relevant. The platform is convincing investors it has a license. Unfortunately, this bogus entity only has a beautiful website. Unfortunately, the entity only has one goal, to steal from traders.
Forget about the luring narrative that the platform features. If you care about the safety of your money, you won’t test the waters with the broker. The entity needs investors to provide their ID, which is a big red flag. Trusting a bogus company with such a critical document is unwise.
The company does not even disclose the leverage or spread investors can expect. It provides generic information stating there is a spread of 1 pip. Nonetheless, we don’t know which currency pair has this cap. Try out genuine forex trading companies. These are licensed to operate.
Are the testimonial of Oranda.Trade legit?
No, the company is using stock images.
Is Oranda.Trade licensed by the FCA and CySEC?
The information is false. The venture does not have a regulatory document from any financial watchdog in the market.
Does Oranda.Trade have offices in the USA and UK?
NO, the actual locale of the venture is unknown.
Are the trading conditions of Oranda.Trade favorable?
Sadly, this broker exposes their clients to dire risk.
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