Ortem forex broker provides various trading information, with an average trading speed of 0ms, a trading cost of null, an average slippage of , a liquidation rate of %, a spread cost of 0.00, etc
Business
License
In the dynamic world of forex trading, choosing the right broker is crucial for success. Ortem Securities, operating under the brand name "Ortem Trade," has positioned itself as a notable player in the Indian financial services industry since its inception in 1994. With a wide range of trading products and services, Ortem aims to cater to both novice and experienced traders. This article will delve into the broker's offerings, trading conditions, platform features, and safety measures to provide a thorough understanding of what Ortem Trade has to offer.
Established | Regulatory Authority | Headquarters | Minimum Deposit | Leverage Ratio | Average Spread |
---|---|---|---|---|---|
1994 | SEBI | Kolkata, India | ₹5,000 | Up to 1:50 | 1.5 pips |
Ortem Securities has been a significant player in the Indian stock and forex markets for nearly three decades. The broker is regulated by the Securities and Exchange Board of India (SEBI), which adds a layer of credibility and trustworthiness. The minimum deposit requirement of ₹5,000 is competitive compared to industry standards, making it accessible for new traders. Leverage offered at up to 1:50 allows traders to amplify their positions, although it is essential to note that higher leverage also increases risk.
The average spread of 1.5 pips is relatively favorable, especially for major currency pairs. This spread can significantly impact trading costs, making it essential for traders to consider when choosing a broker. Overall, Ortem's trading conditions provide a solid foundation for both new and experienced traders looking to engage in the forex market.
Ortem Trade primarily supports the MetaTrader 4 (MT4) platform, which is renowned for its user-friendly interface and robust trading tools. MT4 offers features such as automated trading through Expert Advisors (EAs), advanced charting capabilities, and a wide range of technical indicators. The platform is available on both desktop and mobile devices, allowing traders to manage their accounts and execute trades on the go.
Currency Pair Category | Number Offered | Minimum Spread | Trading Hours | Commission Structure |
---|---|---|---|---|
Major Currency Pairs | 10 | 1.2 pips | 24/5 | None |
Minor Currency Pairs | 15 | 1.5 pips | 24/5 | None |
Exotic Currency Pairs | 5 | 2.5 pips | 24/5 | None |
Ortem Trade offers a selection of 30 currency pairs, including 10 major pairs such as EUR/USD and GBP/USD, which typically have lower spreads. The trading hours are flexible, allowing traders to engage in the market 24 hours a day, five days a week. The absence of commissions on trades further enhances the cost-effectiveness of trading with Ortem.
Execution speed is critical in forex trading, and Ortem Trade claims to provide quick order execution with minimal slippage. This efficiency ensures that traders can enter and exit positions without significant delays, which is crucial in a fast-moving market.
Ortem Trade employs several safety measures to protect client funds, including segregated accounts and compliance with regulatory standards. Clients' funds are kept separate from the company's operational funds, providing an additional layer of security. Additionally, the broker follows KYC (Know Your Customer) norms to ensure the identity of its clients, further enhancing safety.
Customer satisfaction ratings indicate a generally positive experience, with many clients appreciating the responsive customer service and straightforward trading process.
A suitable trading strategy for Ortem Trade's platform is the Trend Following Strategy. Traders can analyze the market using technical indicators such as moving averages to identify the direction of the trend. Once a trend is established, traders can enter positions in the direction of the trend, utilizing the MT4 platform's capabilities to set stop-loss and take-profit levels effectively.
In summary, Ortem Trade offers a solid trading environment for both novice and experienced traders. With competitive trading conditions, a user-friendly platform, and regulatory oversight, it stands out as a viable option in the forex market. However, traders should assess their specific needs, especially regarding available currency pairs and trading tools, before deciding if Ortem Trade aligns with their trading objectives.
1. Is Ortem Trade a regulated broker?
Yes, Ortem Trade is regulated by SEBI, which provides a level of safety for investors.
2. What is the minimum deposit required to start trading with Ortem?
The minimum deposit to open an account with Ortem Trade is ₹5,000.
3. What trading platform does Ortem Trade use?
Ortem Trade primarily uses the MetaTrader 4 (MT4) platform, known for its robust trading features and ease of use.
Trading in forex and other financial markets involves significant risk and can result in the loss of capital. It is essential to understand the risks involved and trade responsibly.
Trade forex/fx with top brokers: legit global platforms/apps. Read reviews for the best trading experience.