Orient Markets is a foreign exchange broker registered in the UK in 2018, mainly providing investors with foreign exchange, precious metals, index trading services, the company's official website supports simplified Chinese and English as the language of use. In addition, the account registration page on the Orient Markets website is available in Simplified Chinese, Traditional Chinese, English, Spanish, Japanese, Korean, Thai, Vietnamese and Indonesian.
Company background:
The company and its affiliate Orient Markets PTY LTD are incorporated in the UK and Australia respectively, according to ORIENT MARKETS 'website. A search on the websites of the UK's Companies House and the Australian Securities and Investments Commission (ASIC) showed that the information that the company and its affiliates were incorporated in the UK and Australia was true. In addition, the domain name registration information of the website queried by Whois shows that the company's official website domain name was registered on January 11, 2022, and the domain name registration time has been more than 1 year.
Account Registration:
Orient Markets offers investors a link to sign up for a real account, according to the firm's website. To register a real account, click "Start Trading" on the right of the official website of Orient Markets to enter the account registration page, select or fill in the name, phone number, Email, password, recommendation code and other information as required to complete the real account registration. The account registration page of Orient Markets website is available in Simplified Chinese, Traditional Chinese, English, Spanish, Japanese, Korean, Thai, Vietnamese and Indonesian. However, the Orient Markets website does not provide a link to sign up for a demo account.
Account Type:
Orient Markets' website didn't provide information on the type of account.
Trading Products:
Orient Markets provides investors with foreign exchange, precious metals and index trading services, according to its website. In addition, the official website of Orient Markets only provides foreign exchange, precious metals, and some trading products covered by the index. It does not provide all trading products covered by foreign exchange, precious metals, and index, nor does it provide information on commissions, spreads, minimum trading units, maximum trading units, and overnight interest for all trading products.
Margin ratio:
Orient Markets website does not provide margin (leverage) ratio information for forex, precious metals, and all trading products covered by the index.
Trading Hours:
Although Orient Markets website provides trading hours of Forex, precious metals, and some trading products covered by the index, it does not provide trading hours information of all trading products covered by Forex, precious metals, and indexes.
Deposits and Withdrawals:
Orient Markets' website only provides information on how investors can make deposits and withdrawals. In addition, the official website of Orient Markets does not provide information on the channels and methods of deposit and withdrawal supported by it, nor does it provide information on the deposit and withdrawal currencies supported by it, as well as the deposit and withdrawal fees and times.
Trading Software:
According to Orient Markets' website, the company offers its own Tradingweb trading software for investors, which supports both PC (Winodws) and mobile (IOS/Android) versions. However, the Android version of Tradingweb software cannot be downloaded or installed in some countries or regions, or the download and installation speed is slow.
Regulatory information:
Orient Markets' website does not provide any regulatory or authorisation information it has obtained, and Orient Markets' website indicates that the website of the UK Financial Conduct Authority (FCA), the regulator where the company is registered, has not queried any regulatory or authorisation information relating to the company. In addition, although the official website of Orient Markets shows that its affiliated company, ORIENT MARKETS PTY LTD, holds the Australian Securities and Investments Commission (ASIC) Authorized Representative license (AR license), but the license supervision and investor protection is weak. More critically, ORIENT MARKETS PTY LTD and more than 20 similar enterprises are authorized representative licence (AR licence) from WHOLESALE INVESTOR SERVICES PTY LTD (503128). ORIENT MARKETS PTY LTD and other businesses have no relationship with WHOLESALE INVESTOR SERVICES PTY LTD (503128), These businesses are only using the Authorised Representative Licence (AR licence) purchased from WHOLESALE INVESTOR SERVICES PTY LTD (503128) to advertise.
Summary:
Fraud is suspected at Orient Markets. Enquiries on the websites of the UK's Companies House and the Australian Securities and Investments Commission (ASIC) show that the company and its affiliate ORIENT MARKETS PTY LTD are registered in the UK and Australia. However, Orient Markets' website does not provide any regulatory or authorisation information obtained by it, and Orient Markets' website shows that the website of the UK Financial Conduct Authority (FCA), the regulator where the company is registered, has not queried any regulatory or authorisation information relating to the company.
In addition, although the official website of Orient Markets shows that its affiliated company, ORIENT MARKETS PTY LTD, holds the Australian Securities and Investments Commission (ASIC) Authorized Representative license (AR license), but the license supervision and investor protection is weak. More critically, ORIENT MARKETS PTY LTD and more than 20 similar enterprises are authorized representative licence (AR licence) from WHOLESALE INVESTOR SERVICES PTY LTD (503128). ORIENT MARKETS PTY LTD and other businesses have no relationship with WHOLESALE INVESTOR SERVICES PTY LTD (503128), These businesses are only using the Authorised Representative Licence (AR licence) purchased from WHOLESALE INVESTOR SERVICES PTY LTD (503128) to advertise. Judging from this, Orient Markets is suspected of fraud, and investors should be careful to choose the services provided by the company. TraderKnows reminds you, please pay attention to your property safety, to avoid falling into the fraud trap.
