OranusFX Reviews: Is Scam or Good Forex Broker?

• Unregulated: The broker operates without a license from any reputable financial authority, indicating a high risk of fraudulent activities.
• Lack of Transparency: Crucial information about the company, its ownership, and regulatory oversight is missing, raising concerns about accountability.
• Excessive Leverage: Offering high leverage can amplify both profits and losses, making it a risky proposition for traders, especially inexperienced ones. This is a common tactic used by scam brokers to entice investors.
• Focus on Attracting New Clients: The website heavily emphasizes low spreads and other perks to draw in new traders, rather than providing essential information about the company and its services.
• Limited Information: Details about deposit and withdrawal methods, fee structures, and client support are scarce, which is unusual for legitimate brokers.
• Absence of Client Testimonials: A lack of genuine client reviews and testimonials is a red flag, as it prevents potential investors from assessing the broker’s reputation.
• Overly Aggressive Marketing: The website’s design and content focus heavily on promoting the platform’s features without providing sufficient information about the company itself.

Company Overview

Services or Products

OranusFX primarily offers Forex trading, along with CFDs on indices, commodities, stocks, and cryptocurrencies. They claim to provide raw spreads from 0.0 pips, no requotes, and the best possible prices.

If you have lost money to companies like AceFxPro; or ST Swiss; please report it to us on our Report a Scam form.

Trading Platform & Leverages

OranusFX offers popular trading platforms like MetaTrader 4, MetaTrader 5, and cTrader. While these platforms are industry standards, it’s crucial to note that the availability of reliable trading tools doesn’t guarantee a legitimate broker. The broker offers high leverage of up to 1:500, which while attractive to some traders, carries significant risks.

Spreads and Cost of Trading

The broker emphasizes its raw spreads starting from 0.0 pips. However, without transparent information about average spreads and commissions, it’s challenging to assess the true trading costs. Low spreads are often a marketing tactic used by scam brokers to lure unsuspecting traders.

License and Regulations

This is where the most significant red flag arises. OranusFX is not regulated by any financial authority. Operating without a license is illegal and poses immense risks to traders. Regulated brokers adhere to strict financial standards, client protection measures, and transparency requirements. The absence of regulation indicates a high likelihood of fraudulent activities.

Legal Warning Against OranusFX

Given the lack of regulation and the numerous red flags, it’s strongly advised to avoid OranusFX. Trading with an unregulated broker exposes you to significant financial risks, including loss of funds, identity theft, and unauthorized trading.

Deposit and Withdrawal Methods

Information about deposit and withdrawal methods is unavailable. However, unregulated brokers often employ deceptive practices to make it difficult for traders to withdraw their funds.

OranusFX Pros and Cons

Why Dealing With An Unlicensed Broker Is Risky?

• No client protection: Traders have no recourse in case of disputes or losses.
• Fraudulent activities: Unregulated brokers are more likely to engage in scams, such as market manipulation and chargebacks.
• Security risks: Your personal and financial information is at risk of being compromised.
• Difficulty in withdrawing funds: Traders often face challenges in retrieving their money.

Client Feedback

There is limited information available about client experiences with OranusFX. However, given the broker’s unregulated status, it’s advisable to be cautious and conduct thorough research before considering any trading activities.

How Can “Reviewsadvice” Help You If You Get Scammed?

If you suspect you’ve been scammed by OranusFX or any other broker, seeking help from platforms like Reviewsadvice can be beneficial. They provide information and resources to assist victims of financial fraud or You can report to us today using the form below.