Oroku Edge is a forex broker established on May 20, 2021, in Saint Vincent and the Grenadines, primarily providing financial trading services such as forex, indices, metals, and energy to investors.
Currently, Oroku Edge only accepts clients from the Asia-Pacific Union, especially those from Southeast Asia. Oroku Edge does not offer services to residents of the Americas, Arab countries, CIS countries, and European countries.
Company Registration Information and Regulatory Status:
According to the public information disclosed on Oroku Edge's official website, it is registered in Saint Vincent and the Grenadines, and inquiries have confirmed that the registration information is authentic.
The broker's official website does not disclose any regulatory information, which may imply that it is not effectively regulated.
Verification revealed that the Financial Services Authority of Saint Vincent and the Grenadines has a record of a business entity named Oroku Edge with registration number 1099, established on May 20, 2021.
It is important to note that Saint Vincent and the Grenadines does not support forex trading services, which means that the company's forex business is not regulated.
Information obtained from a Whois search reveals that the broker's official website domain name was registered on November 10, 2023. Furthermore, as of January 17, 2024, the broker has been established for just over two months.
Account Opening:
Oroku Edge account opening: Go to the broker's official website, click "TRADING" on the homepage to enter the account selection interface. There are three types of accounts to choose from. Click "OPEN XXXXX ACCOUNT" under the desired account type to go to the account registration interface. Then select "REGISTER NOW" on the left, and finally submit your personal information as required.
They also offer a demo account, distinct from the three real account types mentioned above, with registration similar to the real accounts.
Account Types:
Oroku Edge offers three different account types to its users: PRIME account, FLEX BONUS account, and ECN account. The three account types differ significantly in terms of minimum deposit, maximum leverage, deposit bonus, and margin call levels, among others.
Aspects such as minimum lot sizes, cashback, the availability of expert advisors, and whether the account is an Islamic account are the same for all three account types.
Trading Platforms:
Oroku Edge offers users three trading platforms: MT4, MT5, and the OE Web Terminal. However, apart from MT4, the other platforms are not functional.
Deposits and Withdrawals:
Oroku Edge has announced supported channels for deposits and withdrawals on its official website, but it has not disclosed specific details such as transaction times, currency types, or fees. It only announces that the minimum deposit is 10 US dollars and the minimum withdrawal is 11.37 US dollars.
Summary:
Traderknows reminds investors that Oroku Edge is a forex broker without effective regulation, and its methods for depositing and withdrawing funds are not clear.
Traderknows advises investors to stay away from Oroku Edge when choosing a broker and to instead opt for those that are transparent in information, have strong regulatory oversight, and have a good reputation, to avoid unnecessary financial losses.
Currently, this broker has been labeled as "suspected of fraud" on Traderknows.
