Ortem Forex Broker provides real users with * positive reviews, * neutral reviews and 1 exposure review!
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I was fired by a Food Sales Co. because of ecomomy recession. So I got a severance pay which I used to invest, $2,000 in total. Unluckily, I can't withdraw funds.
In the ever-evolving landscape of online trading, Ortem emerges as a noteworthy player. However, a thorough examination of user experiences and expert opinions reveals a mixture of concerns and potential advantages. While some users appreciate the variety of services offered, others raise significant red flags regarding regulatory compliance and withdrawal issues.
Note: It's crucial to recognize that the varying regulatory status across regions may significantly impact user experiences, and we have adopted a comprehensive approach to ensure fairness and accuracy in this review.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 4 |
| Tools and Resources | 5 |
| Customer Service and Support | 3 |
| Trading Setup (Experience) | 4 |
| Trustworthiness | 2 |
| User Experience | 3 |
We assess brokers based on a variety of factors, including user feedback, regulatory compliance, and trading conditions.
Founded in 2019, Ortem operates primarily in India and offers a range of trading services. The broker provides access to various trading platforms, including the popular MetaTrader 4 (MT4), which is favored by many traders for its user-friendly interface and robust trading tools. However, a significant concern is the lack of regulatory oversight, as Ortem has not been found to be regulated by any major financial authority, which raises questions about the safety of funds and overall trustworthiness.
Ortem is based in India and has been operational since 2019. However, it lacks regulation from recognized financial authorities, which is a critical factor for potential investors. According to WikiFX, the broker received a low score of 1.49 out of 10, indicating a high risk for users. The absence of regulatory oversight means that clients may not have access to legal protections in case of disputes or issues with fund withdrawals.
Ortem allows for deposits in various currencies, but specific details regarding the minimum deposit requirements are not clearly stated in the available resources. Users have reported difficulties withdrawing funds, with one user claiming they were unable to withdraw $2,000 after investing, as noted by WikiFX. This issue raises significant concerns about the broker's operational integrity and the safety of client funds.
Ortem offers a diverse range of trading assets, including forex, commodities, and derivatives. However, the trading costs, including spreads and commissions, are not transparently disclosed, making it challenging for traders to evaluate the overall cost-effectiveness of trading with this broker. The leverage offered by Ortem is also unspecified, which can significantly impact trading strategies and risk management.
Customer service appears to be a weak point for Ortem, with users reporting long waiting times and limited support options. According to Value Broking, the broker provides support in English and Hindi, but the quality of service has been questioned, particularly in response times and issue resolution.
User experiences with Ortem are mixed, with some users appreciating the variety of trading options and the MT4 platform. However, the lack of regulatory oversight and withdrawal issues overshadow these positives. As highlighted in the complaints cataloged by WikiFX, users have expressed frustration over their inability to access their funds, which is a significant deterrent for potential clients.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 4 |
| Tools and Resources | 5 |
| Customer Service and Support | 3 |
| Trading Setup (Experience) | 4 |
| Trustworthiness | 2 |
| User Experience | 3 |
Account Conditions: Ortem's account conditions are lacking in transparency, with no clear information regarding minimum deposits or fees. This ambiguity can deter potential traders who seek clarity before investing.
Tools and Resources: The availability of the MT4 platform is a positive aspect, providing traders with essential tools for analysis and trading. However, the lack of educational resources may limit the effectiveness of new traders.
Customer Service and Support: With only two languages supported and reports of long wait times, customer service is a significant concern. Users expect timely and effective support, which has not been consistently delivered.
Trading Setup (Experience): The trading experience on Ortem's platform is generally satisfactory due to the MT4 interface. However, the withdrawal issues reported by users overshadow this positive aspect.
Trustworthiness: The lack of regulatory oversight significantly impacts Ortem's trustworthiness. Without a governing body to ensure compliance and protect users, the risk of fraudulent activities remains high.
User Experience: Overall user experiences are mixed, with several complaints about fund withdrawals and customer service issues. These concerns should be carefully considered by potential clients.
In conclusion, while Ortem offers various trading options and a familiar trading platform, the significant concerns regarding regulatory compliance, withdrawal issues, and customer service quality make it a risky choice for traders. Potential clients should proceed with caution and consider these factors before opening an account with Ortem.
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