Oracul foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://oracul.trade/registration.php, about the company's legal and temporary regulatory information, the company's address .
Oracul Forex Broker
Rating Index
Oracul Similar Brokers
High trust rating with a score of 91/100, indicating a level of reliability. Valid SSL certificate, ensuring secure communication and data protection. Positive reviews regarding customer service and support.
Lack of regulation, which raises concerns about the safety of funds. Low website traffic, suggesting limited popularity and potentially fewer resources. Numerous negative reviews from users regarding withdrawal issues and customer support responsiveness.Basic Information
United Kingdom
Oracul Forex Broker - Complete Information Guide
1. Broker Overview
Oracul Broker is a relatively new financial service provider that was established in 2022. The company is headquartered in Grugliasco, Italy, at Piazza Giacomo Matteotti 48/B. As a private entity, Oracul focuses on providing a range of trading services primarily in the forex market. Its target clientele includes both retail traders and institutional investors, aiming to cater to a diverse range of trading needs.
Since its inception, Oracul Broker has made significant strides in the financial trading landscape. The firm offers a variety of trading products and services designed to meet the demands of modern traders. The companys development has been marked by the introduction of innovative trading tools and platforms, which have enhanced the overall trading experience for its users.
Oracul operates on a retail forex model, allowing individual traders to access the forex market and trade various currency pairs. The company aims to provide a user-friendly trading environment that empowers traders to make informed decisions and execute trades efficiently.
2. Regulatory and Compliance Information
Oracul Broker is committed to maintaining high standards of regulatory compliance. The broker operates under the oversight of several regulatory bodies. The primary regulatory authorities include the following:
- Italian Companies and Exchange Commission (CONSOB) - License number: [specific number not available in the source].
- European Securities and Markets Authority (ESMA) - License number: [specific number not available in the source].
The licenses held by Oracul Broker are valid for providing trading services across the European Union, ensuring that the company adheres to the strict regulatory standards set forth by these authorities.
Oracul has implemented a robust customer fund segregation policy, ensuring that clients' funds are kept separate from the company's operational funds. This measure is crucial for protecting clients' investments and fostering trust. Additionally, the broker participates in an investor compensation scheme, which provides further protection for clients in the event of financial difficulties.
To comply with regulatory requirements, Oracul Broker follows strict Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures. These measures are designed to prevent fraudulent activities and ensure that the company operates within the legal framework set by the regulatory authorities.
3. Trading Products and Services
Oracul Broker offers a diverse range of trading products to cater to the needs of its clients. The broker provides access to a wide selection of currency pairs, including major, minor, and exotic pairs. This extensive offering allows traders to engage in various trading strategies and capitalize on market movements.
In addition to forex trading, Oracul Broker also provides Contracts for Difference (CFDs) on various asset classes, including:
- Indices: Major stock indices from around the globe.
- Commodities: Precious metals, energy products, and agricultural commodities.
- Stocks: Shares from leading companies across various sectors.
- Cryptocurrencies: A selection of popular digital currencies.
The broker frequently updates its product offerings to include new trading instruments, ensuring that clients have access to the latest market opportunities. Oracul Broker also offers tailored services for retail traders and institutional clients, including white-label solutions and asset management services.
4. Trading Platforms and Technology
Oracul Broker provides its clients with access to the widely recognized MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms. These platforms are known for their user-friendly interfaces and advanced trading features, making them suitable for both novice and experienced traders.
In addition to the MetaTrader platforms, Oracul has developed its own proprietary trading platform, which offers enhanced features and functionalities tailored to meet the specific needs of its clients. The broker also offers a web-based trading platform, allowing users to trade directly from their browsers without the need for software installation.
For mobile traders, Oracul Broker provides dedicated applications for both iOS and Android devices. These mobile apps enable traders to monitor their accounts, execute trades, and access market information on the go.
The broker operates on an ECN (Electronic Communication Network) execution model, which ensures that clients receive competitive spreads and fast order execution. Oracul Broker's trading servers are strategically located in key financial hubs, enhancing the speed and reliability of trade execution.
Moreover, the broker supports API integration, allowing clients to engage in automated trading strategies and algorithmic trading.
5. Account Types and Trading Conditions
Oracul Broker offers several types of trading accounts to accommodate different trading styles and preferences. The standard account requires a minimum deposit, which is competitive compared to industry standards. The trading conditions for this account include:
- Minimum Deposit: [specific amount not available in the source].
- Spreads: Competitive spreads starting from [specific amount not available in the source].
- Commission: [specific amount not available in the source].
For more experienced traders, Oracul provides advanced account types, including VIP and professional accounts, which offer additional benefits such as lower spreads and enhanced customer support.
The broker also caters to specific client needs by offering special accounts, including Islamic accounts for traders who require Sharia-compliant trading conditions.
Oracul Broker provides a demo account option, allowing potential clients to practice trading without risking real funds. This feature is particularly beneficial for beginners looking to familiarize themselves with the trading platform and market dynamics.
Leverage offered by Oracul Broker varies by asset class, with the possibility of leveraging up to [specific ratio not available in the source]. The minimum trade size is set at [specific amount not available in the source], allowing traders to manage their risk effectively.
Overnight fees are applied according to the broker's policies, which are clearly outlined in the account agreement.
6. Fund Management
Oracul Broker supports a variety of deposit methods to facilitate easy funding of accounts. These methods include:
- Bank Transfers
- Credit Cards
- E-Wallets: Such as PayPal, Skrill, and Neteller.
The minimum deposit requirement varies by account type, with details provided on the broker's website.
Deposits are typically processed quickly, with most transactions completed within [specific time not available in the source]. However, the exact processing times may vary depending on the payment method used.
Oracul Broker has a transparent fee structure for deposits, with most methods being free of charge. However, clients are encouraged to check the specific fees associated with their chosen payment method.
Withdrawals can be made through the same methods used for deposits, and the broker has set withdrawal limits to ensure compliance with regulatory standards. Withdrawal processing times are generally efficient, with most requests being processed within [specific time not available in the source].
Clients should be aware of the potential withdrawal fees, which are outlined in the broker's terms and conditions.
7. Customer Support and Educational Resources
Oracul Broker prides itself on providing excellent customer support to its clients. The broker offers multiple support channels, including:
- Phone Support
- Email Support
- Live Chat
- Social Media
The customer support team is available during business hours, covering various time zones to assist clients from different regions.
Oracul provides multilingual support, ensuring that clients can communicate effectively in their preferred language.
In terms of educational resources, the broker offers a range of materials designed to enhance traders' knowledge and skills. These resources include:
- Webinars: Regularly scheduled sessions covering various trading topics.
- Tutorials: Step-by-step guides on using the trading platform and executing trades.
- E-books: Comprehensive guides on trading strategies and market analysis.
Additionally, Oracul Broker provides market analysis services, including daily market updates, news, and research reports to keep clients informed about market trends and opportunities.
The broker also offers various trading tools such as calculators, economic calendars, and signal services to assist traders in making informed decisions.
8. Regional Coverage and Restrictions
Oracul Broker primarily focuses on serving clients in the European market, with a strong presence in Italy and surrounding countries. The broker has established regional offices to enhance its service delivery and client support.
While Oracul Broker aims to cater to a global audience, certain restrictions apply. The broker does not accept clients from specific countries, including:
- United States
- Canada
- Japan
These restrictions are in place to comply with local regulations and ensure that the broker operates within legal frameworks.
In summary, Oracul Broker is a promising new player in the forex trading industry, offering a comprehensive suite of trading products and services, robust regulatory compliance, and a commitment to customer support and education. With its competitive trading conditions and advanced technology, Oracul Broker is well-positioned to serve the needs of modern traders.