Company profile
Note: Oron Limited's official website - https://www.orontrade.com/ is currently inaccessible normally.Oron Limited Review SummaryFounded2023Registered Country/RegionSaint LuciaRegulationUnregulatedMarket InstrumentsForex, Cryptos, Indices, Stocks, Energy and CommoditiesDemo Account❌Leverage1:500EUR/USD SpreadFrom 0 pipsTrading PlatformMT5Min Deposit$20Customer SupportContact formTel: +971 42956005Email: info@orontrade.com; support@orontrade.comPhysical address: Ground Floor, TheSotheby Building, Rodney Village, Rodney Bay, Gros-Islet, Saint Lucia Shop 307,TF Gruham Plaza, Opp. Lake Garden, Kosad, Taluka, Chorasi, Surat, India Founded in 2023, Oron Limited is a broker registered in Saint Lucia, offering services in Forex, Crypto, Indices, Stocks, Energy, and Commodities. Oron Limited provides three types of accounts, with a minimum deposit of only $20 for Micro accounts and leverage as high as 1:500. However, this broker is not regulated by any authority.Pros and ConsProsConsDiverse tradable assetsUnavailable websiteMicro account offeredNo regulationMultiple account typesNo demo accountsMT5 trading platformLow minimum depositMultiple payment methodsIs Oron Limited Legit? No, Oron Limited holds no legal license, which exposes you to high risks. Therefore, you should carefully consider before trading with such an unregulated broker.What Can I Trade on Oron Limited? Oron Limited claims to provide a range of tradable instruments, including Forex, Crypto, Indices, Stocks, Energy, and Commodities.Tradable InstrumentsSupportedForex✔Cryptocurrencies✔Indices✔Stocks✔Energy✔Commodities✔Bonds❌Options❌ETFs❌Account Type Oron Limited provides three types of real accounts: a Micro Account, a Standard Account, and an ECN Account. The Micro Account boasts a very low minimum deposit requirement of just $20. In contrast, the Standard Account requires a deposit of $1,000, while the ECN Account has an even higher threshold, set at $10,000.Account TypeMin DepositMicro$20Standard$1,000ECN$10,000Leverage The maximum leverage of 1:500 offered by Oron Limited entails a high risk in trading. While high leverage can amplify potential profits, it also magnifies the potential for losses. You should be cautious when facing such high leverage, especially with an unregulated broker.Spread and Commission Spreads vary depending on account types. For Micro and Standard accounts, the spreads are not particularly competitive in the industry, set at 1.5 pips and 1 pips respectively. Fortunately, these two accounts are commission-free. However, for the ECN account, the spread starts from 0 pips but charges $7 per lot per side.Account TypeSpreadCommissionMicroFrom 1.5 pips❌StandardFrom 1 pip❌ECNFrom 0 pips$7 per lotTrading Platform Oron Limited provides MetaTrader 5, a professional trading platform with advanced charting tools and order execution options, which is accessible through Web-based and mobile devices. However, since Oron Limited is unregulated, we still recommend you to choose a legal broker to make transaction safely.Trading PlatformSupportedAvailable DevicesSuitable forMT5✔Web, MobileExperienced tradersMT4❌/BeginnersDeposit and Withdrawal Oron Limited offers a variety of payment methods, including Wire Transfers, Credit Card transactions, and more. Each payment method has a minimum deposit or withdrawal requirement, and some may also incur commissions. DepositDeposit MethodMin DepositDeposit FeeDeposit TimeWire Transfer20 USD❌3-5 hoursCredit Cards100 USDInstante-Wallets1%BinancePay20 USD❌5-30 minutesMobile Payment PlatformInstantBitcoin5-30 minutesPerfect Money100 USD WithdrawalWithdrawal MethodMin WithdrawalWithdrawal FeeWithdrawal TimeWire Transfer50 USD❌3-5 hoursCredit Cards100 USDInstante-Wallets1%BinancePay50 USD❌5-30 minutesMobile Payment PlatformInstantBitcoin5-30 minutesPerfect Money100 USD
Wivide
Portugal
Oron Limited is the real deal! They offer competitive spreads and a low minimum deposit, making it easy for traders of all budgets to get started.
Positive
2024-07-24