Orion Star Capital foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://account.orionstarcapital.com/register, about the company's legal and temporary regulatory information, the company's address .
Orion Star Capital Forex Broker
Basic Information
United Kingdom
5-10 years Suspicious Regulatory License Suspicious Scope of Business High potential riskCompany profile
Rating Index
Orion Star Capital Forex Broker - Complete Information Guide
1. Broker Overview
Orion Star Capital is an online trading broker that has been operational for approximately 5 to 10 years. Registered in the United Kingdom, the broker primarily caters to retail clients seeking access to various financial markets. The company's official website, which provides additional details about its services and offerings, is currently inaccessible, limiting the availability of comprehensive information about its operations.
As a private entity, Orion Star Capital does not disclose its parent company or any affiliations with larger financial institutions. The broker's business model focuses on offering retail forex trading services, although it has faced scrutiny over its lack of regulatory oversight and transparency. Many users have reported negative experiences, raising concerns about the broker's reliability and trustworthiness. This raises significant red flags for potential clients considering using the Orion Star Capital broker.
2. Regulatory and Compliance Information
Orion Star Capital operates without any valid regulatory licenses, which is a major concern for potential investors. The broker has not been authorized or regulated by any recognized financial authority, leading to a very low score of 1.44 out of 10 on platforms like WikiFX. This absence of regulation means that there are no established guidelines governing the broker's operations, making it a high-risk option for traders.
The company does not provide any information regarding its compliance with Know Your Customer (KYC) or Anti-Money Laundering (AML) regulations, which are essential for protecting investors and ensuring the integrity of the financial system. Furthermore, there are no indications that Orion Star Capital participates in any investor compensation schemes, which would provide a safety net for clients in the event of financial loss.
The lack of regulatory oversight and transparency in its operations makes trading with Orion Star Capital particularly risky, as traders may have limited recourse in the event of disputes or issues related to fund withdrawals.
3. Trading Products and Services
Orion Star Capital claims to offer a range of trading products, including various forex currency pairs. However, specific details regarding the number of available currency pairs and the major pairs offered are not disclosed. Additionally, the broker may provide access to Contracts for Difference (CFDs) on assets such as indices, commodities, stocks, and cryptocurrencies, but comprehensive information about these products is lacking.
The broker's product offerings appear to be limited, and without access to its website, potential clients cannot determine the frequency of product updates or the introduction of new trading instruments. The absence of detailed information raises concerns about the broker's ability to meet the diverse trading needs of its clients.
Orion Star Capital's focus on retail trading services suggests that it aims to attract individual traders rather than institutional clients. However, the lack of transparency and negative reviews from users indicate that the broker may not be well-equipped to provide the level of service expected by retail traders.
4. Trading Platform and Technology
The specific trading platform supported by Orion Star Capital is not clearly stated, and there is no mention of compatibility with popular platforms like MetaTrader 4 or MetaTrader 5. This lack of information raises concerns about the technological capabilities of the broker and its ability to provide a robust trading experience.
Additionally, there are no details regarding any proprietary trading platforms developed by the broker. The absence of a web-based trading platform or mobile application for iOS and Android users further limits the accessibility of trading services for clients.
Orion Star Capital's execution model, whether it operates as an ECN, STP, or Market Maker, is also unclear. Furthermore, the specifics of the server locations and the underlying technology infrastructure that supports its trading operations remain undisclosed.
Potential clients should be cautious, as the lack of information about the trading platform and technology may hinder their ability to trade effectively.
5. Account Types and Trading Conditions
Orion Star Capital does not provide detailed information regarding its account types or trading conditions. Consequently, there is no clarity on the minimum deposit requirements, spreads, or commissions associated with different account types.
The broker may offer various account types, including standard accounts, VIP accounts, and Islamic accounts, but this information is not confirmed. Additionally, there is no mention of a demo account policy, which is often crucial for traders to practice their trading strategies.
Details regarding leverage ratios and minimum trade sizes are also lacking. The absence of information on overnight fees and other trading costs further complicates the decision-making process for potential clients considering the Orion Star Capital broker.
6. Fund Management
Orion Star Capital supports various deposit methods, including bank transfers, credit cards, and potentially e-wallets. However, the specific minimum deposit requirements for different account types are not disclosed.
The processing times for deposits and any associated fees remain unclear, which could impact the trading experience for clients. Additionally, the withdrawal methods and any limitations on withdrawals are not specified, raising concerns about the broker's transparency in managing client funds.
The withdrawal processing times and fee structures are also not provided, which is a critical consideration for traders who may need to access their funds quickly.
7. Customer Support and Educational Resources
Customer support for Orion Star Capital appears to be limited to email communication, with no mention of phone support or live chat options. The absence of multiple support channels may hinder the broker's ability to assist clients effectively.
The service hours and time zone coverage for customer support are not specified, leaving potential clients uncertain about the availability of assistance. Additionally, the broker's support for multiple languages is not disclosed, which may pose challenges for non-English speaking clients.
Orion Star Capital does not seem to offer any educational resources, such as webinars, tutorials, or e-books, that could help traders enhance their skills and knowledge. The lack of market analysis services, including daily analysis, news, and research reports, further limits the resources available to clients.
8. Regional Coverage and Restrictions
Orion Star Capital primarily serves clients in the United Kingdom and potentially other regions, but specific details regarding its regional coverage are not provided. The distribution of regional offices is also unclear, which may affect the broker's ability to cater to clients in various locations.
There is no information about countries or regions from which Orion Star Capital does not accept clients. This lack of clarity may pose risks for potential clients who may inadvertently breach local regulations by engaging with the broker.
In conclusion, while Orion Star Capital presents itself as a forex broker, the significant lack of regulatory oversight, transparency, and detailed information about its services raises substantial concerns for potential clients. The absence of a reliable trading platform, clear account types, and effective customer support further complicates the decision to engage with this broker. Prospective traders should exercise extreme caution and consider alternative, well-regulated brokers with a proven track record in the financial market.
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Latest Reviews
woon
Malaysia
These IB kept coming to us and helping us solve problems all the time when they want us to join. If I want to withdraw, they kept shrinking and saying I have to wait or there was new policies. Now the platform has changed the name, Vextrander. Be ware of these man. They will ignore you after gaining money, they said they have segregate account to make my fund safe and I definitely can get my money back, which turned out to be a scam!! Forex investors should be careful and please share this matter for me.
Exposure
2020-09-08
【潮】牌商品代购
Malaysia
The so-called T+2 or T+3 arrival is a falsehood. I have no way but to wait. The platform is accumulating more and more fund, while the trading volume is fake.
Exposure
2020-07-03
roy74868
Malaysia
All the so called kind hearted IB disappeared the moment I requested for withdrawal. They try their best to advice me not to withdraw so that I have more capital to trade. However, when I filed a ticket for withdrawal, all the IB stopped offering help and even the administrator does not respond anymore after some long awaited nonsense reply. Requested for withdrawal on August 2020 and the amount had been deducted from trading account and pending forever to get into my bank account. Wondering which wallet did the deducted amount went, not sure is the so called Dr Thong or dearest IB, Florence Goh and Kitty Chin. Maybe all of them divided the money.
Exposure
2020-09-23