Orfinex foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://my.orfinexprime.com/login, about the company's legal and temporary regulatory information, the company's address 6th Floor, Ken Lee Building, 20 Edith Cavell Street, Port Louis, Mauritius..
Orfinex Forex Broker
Basic Information
Saint Vincent and the Grenadines
2-5 years Suspicious Regulatory License Suspicious Scope of Business Australia Appointed Representative(AR) Revoked Suspicious Overrun High potential riskCompany profile
Rating Index
Premium Account
Standard Account
Orfinex Forex Broker - Complete Information Guide
1. Overview of the Broker
Orfinex, officially known as Orfinex Capital Limited, was established in 2015. The broker's headquarters is located at 6th Floor, Ken Lee Building, 20 Edith Cavell Street, Port Louis, Mauritius. As a privately held entity, Orfinex primarily serves retail traders and institutional clients across various financial markets. Over the years, the broker has expanded its offerings and established a reputation in the forex and CFD trading space.
Since its inception, Orfinex has reached several significant milestones, including the introduction of advanced trading platforms and a diverse range of trading instruments. The broker operates under a business model that focuses on retail forex trading and provides tailored services for institutional clients.
Orfinex aims to deliver a seamless trading experience, offering competitive spreads and a user-friendly platform, which has attracted a growing number of traders. With a commitment to transparency and customer satisfaction, the broker continues to evolve and adapt to the changing dynamics of the financial markets.
2. Regulatory and Compliance Information
Orfinex operates under the regulation of the Financial Sector Conduct Authority (FSCA) in South Africa, holding the license number 53184. This regulatory oversight ensures that the broker adheres to strict compliance standards and provides a level of security for its clients.
The broker's regulatory framework includes measures for the segregation of client funds, ensuring that client deposits are held in separate accounts from the company's operational funds. This practice is crucial for protecting clients' investments and enhancing their trust in the broker.
Additionally, Orfinex complies with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, which are designed to prevent illicit activities and ensure that clients are properly verified before they can trade. These compliance measures reflect the broker's commitment to maintaining a secure trading environment.
3. Trading Products and Services
Orfinex offers a diverse range of trading products, catering to various investor preferences. The broker provides access to over 40 forex currency pairs, including major pairs like EUR/USD, USD/JPY, and GBP/USD. In addition to forex, Orfinex offers Contracts for Difference (CFDs) on various asset classes, including:
- Indices: Major stock market indices like S&P 500 and NASDAQ.
- Commodities: Trading in precious metals such as gold and silver, along with oil and agricultural products.
- Cryptocurrencies: Trading options for popular cryptocurrencies like Bitcoin, Ethereum, and Litecoin.
The broker frequently updates its product offerings to include new instruments, ensuring that traders have access to the latest market trends. Orfinex's retail trading services are designed to accommodate both novice and experienced traders, while institutional clients can benefit from tailored solutions and advanced trading technologies.
4. Trading Platforms and Technology
Orfinex supports the MetaTrader 5 (MT5) trading platform, which is known for its advanced features and user-friendly interface. This platform is accessible via desktop, web, and mobile applications, allowing traders to manage their accounts and execute trades from anywhere.
The broker utilizes an ECN (Electronic Communication Network) execution model, ensuring that trades are processed efficiently with minimal latency. The servers are strategically located to enhance execution speed and reliability, providing traders with a competitive edge in the market.
Orfinex also offers API access for automated trading, enabling traders to implement algorithmic strategies and connect third-party trading tools seamlessly. The combination of advanced technology and robust infrastructure positions Orfinex as a reliable choice for traders seeking a comprehensive trading experience.
5. Account Types and Trading Conditions
Orfinex provides several account types to cater to different trading needs. The main account types include:
- Classic Account: Requires a minimum deposit of $1, with spreads starting from 1 pip and no commission fees.
- Premium Account: Designed for more experienced traders, requiring a minimum deposit of $1,000, with tighter spreads starting from 0.5 pips and a fixed commission of $2 per trade.
- ECN Account: Tailored for professional traders, this account demands a minimum deposit of $5,000 and offers spreads starting from 0.0 pips with a commission of $7 per lot traded.
- Islamic Account: Compliant with Islamic finance principles, this account is available for traders who adhere to Sharia law.
- VIP Elite Account: Aimed at high-volume traders, providing enhanced trading conditions and benefits.
Orfinex also offers a demo account for traders to practice without risking real funds. The leverage offered by the broker can go up to 1:500, allowing traders to control larger positions with smaller capital. The minimum trade size is set at 0.01 lots, making it accessible for traders of all levels.
6. Fund Management
Orfinex supports a variety of deposit methods, including:
- Bank Transfers
- Credit/Debit Cards (Visa, Mastercard)
- E-wallets (Neteller, Skrill, Perfect Money)
- Cryptocurrencies (Bitcoin, Litecoin, Dogecoin)
The minimum deposit requirement varies by account type, with the Classic Account starting at $1. Deposits are processed quickly, often within minutes, while withdrawal processing times can range from 1 to 12 hours, depending on the method used.
Orfinex does not charge deposit fees, but some withdrawal methods may incur fees. For instance, withdrawals via credit card may take up to 1 hour for processing. The broker's transparent fee structure ensures that clients are aware of any associated costs.
7. Customer Support and Educational Resources
Orfinex offers comprehensive customer support through various channels, including:
- Phone Support: Available at +1 (833) 5300055
- Email Support: Reachable at support@orfinex.com
- Live Chat: Available on the website during business hours
- Social Media: Active on platforms like Facebook, Twitter, and LinkedIn
The support team is dedicated to assisting clients and is available 24/5 to address inquiries. Orfinex also provides educational resources, including webinars, tutorials, and e-books, aimed at enhancing traders' knowledge and skills.
Additionally, the broker offers market analysis services, including daily reports and research, to help traders make informed decisions. A range of trading tools, such as economic calendars and calculators, are also available to assist clients in their trading endeavors.
8. Regional Coverage and Restrictions
Orfinex primarily serves clients in Asia and the Middle East, with a growing presence in other regions. The broker has established regional offices to support its international clientele.
However, Orfinex does not accept clients from certain jurisdictions, including the USA, Canada, Cuba, Sudan, Syria, North Korea, Iran, Belarus, and Venezuela. These restrictions are in place to comply with regulatory requirements and ensure that the broker operates within legal frameworks.
In summary, Orfinex is a broker that offers a wide range of trading services and products, supported by a robust regulatory framework. With a commitment to transparency, customer support, and educational resources, Orfinex aims to provide a reliable trading environment for both retail and institutional clients.
Overall, the Orfinex broker stands out in the competitive forex landscape, offering diverse trading options and a user-friendly experience.
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Apr.Li
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Using Orfinex has been quite straightforward due to their MT5 platform and the wide range of markets available. Starting with just $1 is a great plus, making it easy for anyone to give trading a try.
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