An Indonesian trader warns you to be aware of a broker called Oroku Edge

About Oroku Edge

Oroku Edge, a trading name of Oroku Edge LLC, presents itself as a broker incorporated under the laws of Saint Vincent and The Grenadines. Saint Vincent and the Grenadines is an attractive place for financial companies to operate through an offshore company. there is no sharp regulation or overseeing of the company operation implemented. The SVG broker can run its activity and accept forex payments through credit cards but is not overseen. Oroku Edge offers an extensive range of trading instruments in financial markets, including CFDs on forex, commodities, cryptocurrencies, shares, ETFs, and more.

Regulation

This broker is not regulated, which means if it takes clients money away fraudulently, no one can hold them accountable.

Account Types

There are three live trading accounts offered by Oroku Edge, namely Cents, Standard and ECN.

Leverage

Traders holding different account types can enjoy different maximum leverage ratios. Clients on the Cent account can enjoy the maximum leverage of 1:6666, the Standard account with leverage of 1:3333, and the ECN account experience leverage of 1:500.

Spreads & Commissions

Spreads and commissions are influenced by what type of accounts traders are holding. Oroku Edge reveals that the spread on the Cent account starts from 1.5 pips, while the clients on the Standard and ECN account can enjoy the lowest spreads from 0.1 pips. As for commissions, the Cent and Standard accounts with no commission, while the ECN account will be charged a commission of 8 per lot.

Trading Platform

When it comes to trading platforms available, Oroku Edge gives traders the worlds most widely-used MetaTrader4 trading platform, available on Windows, Mac, iOS and Android. The MT4 is known as one of the most successful, efficient, and competent forex trading software, featuring 9-time frames for trading, a variety of order types, 3 types of order execution, 50 integrated indicators for technical analysis and more.

Deposit & Withdrawal

From the logos shown at the foot of the home page on Oroku Edges official website, we found that this broker seems to accept deposits and withdrawals with Visa, MasterCard, Bank Wire, Litecoin and Bank Transfer, yet we cannot be sure if these payment options are all available.

Complaint from the Victim

An Indonesian trader called Ahmad told WikiFX that Oroku Edge rejects his withdrawal request. He traded with Oroku Edge for 1 month and eventually lost all of his capital and profits.

Conclusion

Please be aware of the potential risks as we don't want you to be the next victim.

WikiFX keeps track of developments, providing instant updates on individual traders and helping investors avoid unscrupulous brokers. If you want to know whether a broker is safe or not, be sure to open WikiFXs official website (https://www.WikiFX.com/en) or download the WikiFX APP through this link (https://www.wikifx.com/en/download.html) to evaluate the safety and reliability of this broker!