Our Oroku Edge Review Brings You the Truth About This Broker
Some scammers are more difficult to spot than others, but in the end, the truth always comes out. With Oroku Edge, we did not have to try hard as the broker unveils suspicious details that gave them up.
Find out how we uncovered the scam behind this broker in our Oroku Edge Review, and see what you can do to protect your hard-earned cash.
|Broker’s name||Reliable Broker Must Have|
|Legal name:||Oroku Edge LLC||Transparently displayed in the disclaimer or legal documents|
|Regulation:||Unregulated||Within your legal jurisdiction – local regulator|
|Registered in:||SVG||Your country or the country whose license applies in your legal jurisdiction|
|Established:||2021||The older the domain, the higher the possibility the company is trustworthy|
|Website:||https://www.orokuedge.com/||Domain should be from local or international zones, no xyz, etc.|
|Financial Authorities Warnings:||No||None|
|Contacts:||Email: [email protected]
Phone: +1 784 485 6124
|Phone, email, social media, web form|
|Is withdrawal possible?||Highly unlikely||Yes|
|Fees:||Hidden fees||Transparent fees – list of spread and commissions|
|If Active on Social Media:||Facebook, Instagram, Twitter, LinkedIn||Often present on social media|
|Investor Protection:||No||Compensation fund|
Like any other review, we are starting this one with some regulation talk. Oroku Edge Broker is part of Oroku Edge LLC, which is a company registered in St. Vincent and the Grenadines, and you know what that means. This country may be a good vacationing spot, but it is one of the worst regulators. In fact, it does not even regulate the Forex and CFD market.
SVG is a known scammer haven, so when you see a broker claiming to have headquarters there, just avoid them. They cannot guarantee you any safety and are likely to steal your money and cease all communication.
Oroku Edge Profile
Oroku Edge Forex dealer has a really enticing trading environment for some traders, but that is a trap. According to other reputable reviews, this broker offers its users the MetaTrader 4 platform, but we could not confirm this.
A great selling point for Oroku Edge is its account section, especially the base one. Traders can open a Cents account for only $1, which is in line with the industry’s best practices. However, you should always keep in mind that this broker operates without a license and aims to lure unsuspecting traders into their scheme.
We do not know what financial instruments you can trade, but their leverage is outrageous. We do not think we saw a 1:6666 leverage ever in our time in the business, which is yet another sign of a scam to us.
|Trading platforms:||MetaTrader 4 (allegedly)|
|Account types:||Cents – $1
Standard – $15
ECN – $500
|Financial Instruments On Offer:||N/A|
|Commissions/bonuses:||$8/lot for the ECN account|
|Mobile app:||Yes (allegedly)|
|Desktop app:||Yes (allegedly)|
|Education or Extra tools:||No|
Is This Broker Safe?
OrokuEdge is very similar to Investidea Club, in that they both operate without a license. This makes them extremely dangerous and you should not approach them in any way.
We say this because unregulated brokers do not offer you protections the regulated ones do. No one guarantees your safety because there is no authority to make sure the broker is not involved in criminal activity by stealing your money.
For that reason, trading with regulated brokers is the only way to go, and we can help you find them. Contact us today for our free consultations, and let’s find you the right broker.
Trader Reviews – Sharing Experiences
We found very few reviews about OrokuEdge online. There were none on Trustpilot, which is always a bad sign, but we found one on Forex Peace Army.
A man from Indonesia was very dissatisfied with the broker, commenting:
“Until now, the withdrawal process from the profits I made has not been processed. If we contact support, the answer always has no solution.”
How Does the Oroku Edge Platform Reach Clients and Who Are They?
From the reviews we found, we could see that most Oroku Edge clients come from Hong Kong, Indonesia, Malaysia, etc.
From this finding, we can assume the broker mostly targets the Asian market, so be careful if you live in this area.
Deposits and Withdrawal Methods
Oroku Edge accepts several payment methods, including:
- Cards (Visa, Mastercard)
- Bank transfers
- Bank wire and
These are typical for any broker, but it lacks the variety that reputable brokers have with their wide range of accepted payment methods.
We do not know if opening an account is free or if there are some withdrawal fees or trading volume requirements. Having a withdrawal policy with a clear list of fees is an unwritten rule for any reliable broker, which tells you a lot about Oroku Edge.
Reasons To Avoid This Company
Do not think of Forex brokers as something complicated, because they are not, or at least, should not be. The main criterion a broker should pass is its license. If it has one, you can move on to other factors, but if it does not, you should move on to a different broker.
As we advised you about Itcoinex, doing business with unregulated brokers is extremely dangerous. It is not life-threatening, but you are highly likely to lose all money you invest!
Our Safe Trading Experts’ Opinion of Oroku Edge
At the end of our Oroku Edge Review, we want to advise you to avoid this scammer at all costs! It has no license and is only after your money. A much better solution is to choose a reliable broker and build your trading portfolio with them. If you do not know how to pick one, we can help. Reach out to us for free advice on everything you need for your Forex journey.
What is Oroku Edge?
Oroku Edge is a Forex broker with a questionable background. It operates without a license and is very dangerous because of that.
How do I get into Forex trading?
Firstly, you should become knowledgeable about the market. Learn what you can trade, how trading works, and how to do it safely. After that, you should find a reliable broker to partner with, and this is where we come in. Contact us, and we will provide you with a free consultation where we work together to find you the perfect broker for your needs.
How can you help me find a good broker?
The most important service we do for you is personalizing our recommendations. When you come to us, we consider everything – your needs, skill, budget, etc. and then form a list of what we think are the best brokers for you. And the best thing of all is that our consultations are completely free.