Oriontero Review – Who Is Oriontero Broker?
Oriontero Review, After taking a look at their web presence, we quickly learned that Oriontero is another unregulated broker defrauding its users. Operating without legal regulation and a license is enough evidence that we are dealing with a scam broker.
Though the company claims to offer its clients superior tools and software, that other brokers cannot offer, this is just another part of their investment scam. Oriontero claims to have parted ways with more traditional ways of trading, thus representing itself as a forward-looking company, but in fact, they are just another bogus broker doing business without any legal coverage.
You incur the same risks if you choose to work with illegal brokers like the ones we’ll mention below The Active Traders, EvoCapitals, and Trader Powers.
|Address||Canary Wharf, Tower Hamlets London Borough, E14 5HN, UK|
|Phone||+ 442038419544 +4420385680873|
|Minimum Deposit||10000 eur|
|Warning||FSMA, OSC, CONSOB|
Is Oriontero a Regulated Broker?
The information we obtained while looking at their website, clearly indicated that the people behind Oriontero are scam brokers.
What is most striking is that there is no clear information about their license and registration, the only thing they do say about this is they are in the process of acquiring a license.
A broker can offer their services and do business only after they have obtained a trading license, this means that Oriontero is openly working against the law.
Though it may seem like this public admonition shows how transparent and open to its users Orientero is, this is nothing more than a bad attempt to jump out of the well-known investment scam mold.
An important thing to remember is that there is no legal regulation regarding money withdrawal when you are doing business with unlicensed brokers.
What Trading Platforms Does Oriontero Offer?
Oriontero assertively points out that they offer special tools, software, and trading platforms, and that this is another thing making them so unique.
In reality, this scam offers its victims access to Webtrader, which is a very rudimentary tool whose abilities are nowhere near the critically acclaimed MetaTrader 4 and MetaTrader 5. The software offered by the phony broker is actually a favorite among fraudulent brokers.
The broker seemingly offers good trading conditions with a trading cost of 0.6 pips for EUR/USD, which is what most brokers would offer you nowadays.
Then again, if you take a closer look at the conditions imposed by their platform you’ll reveal something unsettling. The platform has a default leverage of 1:200, which cannot be altered. This puts your investment at great risk and gives us all another reason to steer clear of Oriontero.
What Type of Trading Account is Available at Oriontero?
The illegal broker offers 7 different types of trading accounts on their webpage. These differ in the minimum deposit that you have to invest in order to get started but also offer different perks and benefits.
The VIP account, which requires you to invest 1 000 000EUR, allegedly gives you access to a whole team of people including various would-be specialists and assistants. The more “advanced” trading accounts offer more trading options which are why Oriontero advises people to open accounts requiring hefty amounts of cash.
Oriontero Deposit and Withdrawal Methods
Oriontero shamelessly asks its clients for a minimum deposit of 10 000 Euros, which is crazy considering how their website clearly states that they currently don’t have a license.
The deposit is sent via debit and credit cards and bank transfers. Banks are legally required to give you a chargeback if you were defrauded, so it is most likely that bank transfers won’t cut it with Oriontero, just like with so many other swindler companies.
The company asserts that processing withdrawals take 5 days, but don’t fall for these tricks, companies like this one are prone to “withdrawal issues” so the best thing you can do is simply never deposit any money at all.
Oriontero Offers Different Promotional Bonuses to Lure Their Victims
Other than various sign-up an account upgrade bonuses, Orientero gives percentage bonuses to affiliates and loyal customers. The details regarding these bonuses are nowhere to be found, and the only advice their website gives is to contact their customer support for more information.
Bonuses and benefits like the ones offered by the Oriontero scam are a common scheme designed to lure in new victims more easily, so don’t fall for their empty promises.
Here’s How the Scam Works
Even though they clearly invested a lot of effort into presenting themselves as a legitimate business, this fraudulent project still falls into the same pattern as most investment scams do.
Just like virtually every other scam broker, they first try to seduce their would-be victims with enticing ads promising the impossible. After receiving client information, they start pushing their offers until they get people to invest.
The moment people invest is a clash with reality, as the promises made by the financial swindler are obviously in juxtaposition with what is really happening to the victims’ money.
At this point in time, after having established that they won’t be getting more cash from their clients, the unscrupulous broker will stop interacting with you.
They won’t answer your calls or your e-mails. This will continue happening until they have filled their pockets to the brim, after this, the scam brokers will simply delete their online presence and disappear into thin air.
Highly Recommended Forex Brokers
Considering how many scam brokers are out there it might be hard to separate the wheat from the chaff. To help you avoid unpleasant experiences like the ones mentioned above, we made a short list of secure and validated brokers with whom you can trade and sleep soundly knowing that your money is in good hands.
|FXTM Broker||Cyprus, UK, Mauritius||4.5||10$||Forextime.Com|
|OctaFX Broker||Cyprus, SVG||4.4||100$||OctaFX.Com|
|FP Markets Broker||Australia, Cyprus, SVG||4.7||100$||FpMarkets.Com|
|XM Broker||Cyprus, Belize, Australia||4.7||5$||Xm.Com|
|HFM HF Markets Broker||Cyprus, UK, South Africa, UAE, Kenya, SVG||4.3||5$||HFM.Com|
|FBS Broker||Cyprus, Australia, Belize||4.85||1.2$||Fbs.Com|
We hope our Oriontero broker review hasn’t thwarted your investment dreams.
Though it is 100% certain that the people behind this cyber scam are dishonest scam brokers, there are still quite a few brokers out there who can help you get your money’s worth if you want to start trading and investing.
After all the information presented in this article, it should be much easier to understand how scammers operate and what some major red flags show up with shady brokerages such as Oriontero.
FAQs About Oriontero Broker
What Is The Oriontero Minimum Deposit Amount?
The minimum deposit required by Orientero is 10 000$.
What Are the Deposit and Withdrawal Options for Oriontero?
Oriontero accepts payments through bank transfers, and credit and debit cards. Withdrawals are processed within 5 days.
What Account Types Does Oriontero Provide?
The company offers 7 different types of accounts with increasing benefits and financial requirements.