Orfinex trading platform Review: high risk (Suspected Fraud)


Orfinex is a forex trading platform registered and established in Mauritius. This article will provide a comprehensive assessment of Orfinex across various dimensions, including corporate entity, domain registration, regulatory licenses, corporate personnel, trading software, and trading products, etc.

Orfinex Overview:

Orfinex and its affiliated entity, Orfinex Financing Broker Co, are registered in Mauritius and Dubai, respectively. TraderKnows found on the websites of Mauritius Department of enterprise and business registration (CBRD) and Dubai Department of economy and tourism (DET) that orfinex prime was registered in Mauritius on April 28, 2023, and its affiliated enterprise orfinex financing broker CO was indeed registered in Dubai and expired on December 1, 2023.




Domain Registration of Orfinex:

The official website domain of Orfinex was registered on October 12, 2020, indicating a registration period of three years.


Is orfinex compliant and legal? Does it hold the corresponding financial supervision license?

According to the official website of orfinex, the company is regulated or authorized by the Mauritius Financial Services Commission (FSC) and the National Futures Association (NFA). However, the website of the Mauritius Financial Services Commission (FSC) did not confirm any regulatory or licensing information related to the company; TraderKnows inquired about the website of the National Futures Association (NFA) and learned that the company is not a member of the NFA and is not regulated or authorized by the NFA. In addition, the website of the Dubai Financial Services Authority (DFSA) has not inquired about any regulatory or licensing information of the company's affiliated enterprise orfinancex financing broker Co.






Employees of Orfinex:

Publicly available information on the internet reveals details about key personnel associated with Orfinex.


Trading Software Provided by Orfinex:

Orfinex provides investors with the MetaTrader 5 (MT5) trading platform, accessible on various devices including computers (Windows/MacOS), web browsers, and mobile devices (iOS/Android).


Is Orfinex Involved in False Advertising?

Orfinex introduced in the enterprise profile section of its official website that the broker cooperates with AA rated global custodian banks. However, the details of the custodian bank cannot be queried. Therefore, the broker may be involved in false publicity of third-party fund supervision information, and the user's fund security cannot be guaranteed.


Online Reputation and Client Complaints:

Customer complaints and fund security issues: a customer said that he made a deposit of $5,000 in Orfinex at the beginning of 2,023 and earned US $1,800 in profits. However, Orfinex later claimed that it was high-frequency trading and cancelled these profits. In addition, the company refused to return the amount of the deposit and did not respond to the customer's email.


Unregulated and potential fraud: orfinex is accused of being an unregulated offshore brokerage firm that may operate in multiple countries and is not regulated by authoritative regulators such as FSMA, FCA, cysec and ASIC. In addition, the company was accused of making false statements through its website and defrauding investors.


Not recommended for investment and trading security issues: The report recommends that investors stay away from Orfinex and if users have already invested, they should stop immediately. The report mentions that the company could disappear at any time without warning and has not disclosed its management or banking information, which is considered a major problem when dealing with investor‘s funds.


Trading Products Offered by Orfinex:

Orfinex offers trading services in forex, metals, commodities, stocks, and indices, but specific information regarding commissions, spreads, and other details is not disclosed on the official website.



Contact Information:

Orfinex offers multiple contact options, including phone, email, and WhatsApp.

Orfinex's Website Traffic

The website experiences a relatively low level of traffic and user engagement.



Orfinex is a forex broker that uses false regulatory information to conduct illegal financial business. The broker does not publish any key information about the safety of users' funds, as well as commissions, spreads and other key information about specific trading products. The broker is currently listed as "Suspected Fraud" on TraderKnows. We would like to remind you that Orfinex is an extremely risky forex broker, so please stay away from this platform to avoid any loss of personal financial asset.




Risk Warning and Disclaimer

The market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.

The End


Pig Butchering Scam

The 'Pig Butchering Scam' is a type of financial fraud that originated in Southeast Asia, but has now become prevalent globally. The name stems from the scammers' method of dealing with their victims: similar to raising pigs, they first 'fatten' them by building trust, and then 'slaughter' them by swindling away all their money.


Risk Warning

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