ORANGEFX247 Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-11-26 18:26

Abstract：Founded in 2021, ORANGEFX247 offers many trading assets, like EUR/USD, Gold, Oil, Facebook, Google, Tesla stocks, S&P 500, Nasdaq, Bitcoin, and Ethereum with leverage up to 1:300 and from 0.1 pips via the MT4 and Webtrader platform. The minimum deposit requirement to open an account is just $50. However, it is not regulated.

　　Note: ORANGEFX247's official website: https://www.orangefx247.com/ is currently inaccessible normal.

ORANGEFX247Review Summary
Founded	2021
Registered Country/Region	United Kingdom
Regulation	Not regulated
Market Instruments	EUR/USD, Gold, Oil, Facebook, Google, Tesla stocks, S&P 500, Nasdaq, Bitcoin, Ethereum
Demo Account	/
Leverage	Up to 1:300
EUR/USD Spread	0.1 pips
Trading Platform	MT4, Webtrader
Min Deposit	$50
Customer Support	Email: support@orangefx247.com
Customer Support	Address: 24 Dowgate Hill London EC4R 2YAE UNITED KINGDOM

　　Founded in 2021, ORANGEFX247 offers many trading assets, like EUR/USD, Gold, Oil, Facebook, Google, Tesla stocks, S&P 500, Nasdaq, Bitcoin, and Ethereum with leverage up to 1:300 and from 0.1 pips via the MT4 and Webtrader platform. The minimum deposit requirement to open an account is just $50. However, it is not regulated.

Pros and Cons

Pros	Cons
Various trading assets	Not regulated
Multiple account types	Lack transparency
Flexible leverage ratios	No demo accounts
Popular trading platform MT4	High minimum deposit
	Limited payment options
	Transaction fee charged
	Inactivity fee charged

Is ORANGEFX247 Legit?

　　No, ORANGEFX247 operates without regulation. Even the Spanish regulator CNMV has already issued a warning against ORANGEFX247. Traders should be more cautious.

What Can I Trade on ORANGEFX247?

Tradable Instruments	Supported
Forex	✔
Commodities	✔
Indices	✔
Stocks	✔
Cryptocurrencies	✔
Bonds	❌
Options	❌
ETFs	❌

Account Type

　　ORANGEFX247 offers three account types: Standard, Premium and Mega.

Account Type	Min Deposit
Standard	€250
Premium	€2 500
Mega	€25 000

Leverage

　　ORANGEFX247's leverage is 1:100 by default and can be increased to 1:300 for deposits in excess of $25000. The higher the leverage, the higher profits or losses.

Spread

　　The spread of ORANGEFX247 isfrom0.1 pips for EUR/USD.

Other Fees

　　ORANGEFX247 also has an inactivity fee: an account can be dormant after 6 months of inactivity and will charge a deduction of 10% per month.

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for
Webtrader	✔	Web	/
MT4	✔	Desktop, Web and Mobile	Beginners
MT5	❌	/	Experienced traders

Deposit and Withdrawal

　　OrangeFX247 accepts deposits via credit cards, wire transfers and OKPay, and the minimum deposit is $250. Besides, the minimum withdrawal is $35.

　　If traders withdraw by Wire Transfers, the minimum withdrawal is $250, and every transaction costs $50. If trade with other methods, the minimum withdrawal is $100, and each transaction costs $25+$10.

　　Besides, there is an additional 10% of your withdrawal if you have not achieved a ridiculous turnover of 200 times.