ORANGEFX247 Forex Broker

Note: ORANGEFX247's official website: https://www.orangefx247.com/ is currently inaccessible normal.ORANGEFX247Review SummaryFounded2021Registered Country/RegionUnited KingdomRegulationNot regulatedMarket InstrumentsEUR/USD, Gold, Oil, Facebook, Google, Tesla stocks, S&P 500, Nasdaq, Bitcoin, EthereumDemo Account/LeverageUp to 1:300EUR/USD Spread0.1 pipsTrading PlatformMT4, WebtraderMin Deposit$50Customer SupportEmail: support@orangefx247.comAddress: 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 ConsPros Cons Various trading assetsNot regulatedMultiple account typesLack transparencyFlexible leverage ratiosNo demo accountsPopular trading platform MT4High minimum depositLimited payment optionsTransaction fee chargedInactivity fee chargedIs 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€250Premium€2 500Mega€25 000Leverage 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 PlatformTrading PlatformSupported Available Devices Suitable for Webtrader ✔Web/MT4✔Desktop, Web and MobileBeginnersMT5❌/Experienced tradersDeposit 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.