ORON Trade

ORON Trade Review: Is ORON Trade Broker Good?

Broker overview and general information

ORON Trade is a forex broker that offers trading in a wide range of assets, including forex, stocks, indices, commodities and cryptocurrencies. The company is operated by Oron Limited, which is registered in Saint Lucia. According to the ORON Trade website, the company holds a license from the International Business Company (IBC) of Saint Lucia, whichThere are several security policies offered to traders, such as:

• All client funds are held with leading banks for added protection and completely segregated from company funds.

• Sensitive information is transmitted through encrypted services such as firewalls and Secure Socket Layering (SSL).

• Using advanced technology and automated precautions, Oron Limited clients can fully utilize their account margins, while the limits are strictly monitored to prevent negative balances.

Broker Licensing and Regulation

If you ask whether ORON Trade is good or not, you should start by considering the license and registration factors first, which are detailed as follows:

•  Oron Limited is registered in Saint Lucia and is licensed by the International Business Company (IBC) of Saint Lucia with registration number 2023-00278. 

• Mauritius' Financial Services Commission (FSC) License No. GB23201891 under ORON LIMITED.

⚠️Warning:Although the broker is regulated, many users are concerned about the FSC license because it is a Tier D license, which has less strict supervision. This makes users feel uncertain about the supervision under this agency. Therefore, this factor should be reconsidered before investing.

Broker Products and Services

Trading products

• Forex- Trade currencies in the world's largest market with over $5 trillion in daily trading volume.

• index- Trade the world's most popular indices with the right leverage. Traders can trade indices as CFDs.

• share- Trade leading stocks worldwide with 0% commission such as HSBC, Apple, Google Inc and many more leading companies.

• Commodities- Trade CFDs on commodities such as gold, oil, fuels. Trading costs are included in the spread and there are no additional commission fees.

• Cryptocurrencies- Trade and make profit with digital currencies compared to the dollar, including BitCoin, Etherium, Solana, Uniswap.
  

Trading Platform

1. MetaTrader 5 (MT5)

   The MT5 platform is popular among traders worldwide due to its comprehensive features and ease of use. The broker supports MT5 on a variety of devices, including:

   • Windows and Mac:Download and install the software for efficient trading.

   • Android and iOS:Mobile application for trading on the go

2. Web Trading

   For those who don’t want to install additional software, the broker offers a fast and easy-to-access web-based trading platform. Users can log in and start trading right away via the broker’s website.

3. Social Trading

   Oron Trade offers a Social Trading feature that allows investors to follow and copy trading strategies from professional traders. This feature is suitable for those who want to learn and increase their chances of making profits.

ORON Trade Review: Account Types

There are 3 types of trading accounts as follows:

Micro Account

• Leverage: 1:500

• Minimum Deposit: $20

• Spread: Starts at 1.5 pips

• Commission: None

• SWAPS: Applicable

Standard Account

• Leverage: 1:500

• Minimum Deposit: $1,000

• Spread: Starts at 1 pip

• Commission: None

• SWAPS: Applicable

ECN Account

• Leverage: 1:500

• Minimum Deposit: $10,000

• Spread: Starts at 0 pip

• Commission: $7/lot

• SWAPS: Applicable

Deposit and Withdrawal Review

Deposit

• Bank transfer: Minimum $20, No Fee, Takes 3-5 Hours

• Visa/Mastercard: Minimum $100, Free of Charge, Instant

• Neteller/Skrill: Minimum $100, 1% fee, Instant

• Binance Pay/Cryptocurrency/Perfect Money: Minimum $20, No Fee, Takes 5-30 Minutes

• Paytm/PhonePe/UPI: Minimum $20, Free of Charge, Instant
  

Withdrawal

• Bank transfer: Minimum $50, Free of Charge, 3-5 hours

• Visa/Mastercard: Minimum $100, Free of Charge, Instant

• Neteller/Skrill: Minimum $100, 1% fee, Instant

• Binance Pay/Cryptocurrency (BTC, ETH, USDT)/Perfect Money: Minimum $50, No Fee, Takes 5-30 Minutes

• Paytm/PhonePe/UPI: Minimum $50, Free of Charge, Instant

Promotions and bonuses

50% bonus on each deposit

• To receive a 50% deposit bonus, follow these steps:

• Open an account and choose any account type.

• Deposit at least $20 into your account.

• Activate a 50% free bonus from your deposit amount.

• Trade the required number of lots to be able to withdraw the bonus.

• The condition is that the number of lots to be traded is the bonus amount divided by 2.

For example
Deposit Amount$ 400

50% bonus given$ 200

Bonus amount divided by 2$ 200 / 2 = 100

Therefore, the number of lots to trade = 100 lots.

Customer Service

• Email: [email protected]

• Call:  +971 42956005 Monday - Friday 9:00 AM - 5:00 PM.

Broker Review Overview Summary

ORON Trade broker still has several disadvantages that investors should consider carefully before deciding to use. Despite the potential for low spreads and basic security, the reliability of the license obtained from the FSC in Mauritius, which is not considered a strict regulatory body, raises concerns about investment safety.

Additionally, the lack of service to residents of the United States, Canada and some other countries is a major limitation. Unclear information about fees and account types can make it difficult to accurately assess trading costs, while the lack of a demo account for beginner traders and higher withdrawal minimums than some competitors may make it unsuitable for investors seeking clarity and flexibility in trading conditions.

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ORON Trade Review Compare spreads, fees, trading platforms, deposit and withdrawal conditions and more with real user reviews to help you decide on the broker that suits your needs.