Oriontero Review, there is an overload of brokers out there claiming to offer the latest and greatest in technology and tools. But while many of these competitors still use outdated methods, Oriontero boldly sets itself apart by promising cutting-edge platforms and software that others haven’t even thought of yet. Sounds impressive, right?
Unfortunately, Oriontero is nothing more than a run-of-the-mill brokerage, offering a lackluster web trader that falls far short of expectations. In fact, we’ve done our research and discovered that Oriontero is nothing but a scam. Stick with us as we dive into the details of our Oriontero review and expose the truth about this fraudulent company.
|Minimum Deposit||250 EUR|
Safety and Regulation
When it comes to brokers, regulations cannot be overlooked as they assure you of refunds in case of any problems. As Oriontero is an anonymous site, it was difficult to find information about their licensing. The company did not furnish us with basic details such as the headquarters, leaving us to speculate about where to file complaints.
However, we did come across an explanation that the firm intends to be regulated but may still be in the process of acquiring a license. Keep this in mind.
Oriontero claims that its platform is unique and unrivaled, but we discovered that the Webtrader they offer is actually quite common. Many shady brokers use this same basic software, which is not nearly as good as the well-respected MetaTrader 4 and 5 platforms. We compared Webtrader to the MTs because they are widely considered the best trading software available. Sadly, Oriontero’s trading software is subpar, and we recommend avoiding it for that reason alone.
In addition, Oriontero falsely claims to offer MT4 and MT5, which is a red flag that suggests they may be a scam. While the trading costs they reveal seem reasonable at first glance, the fact remains that Oriontero is a fraudulent company. So, low trading costs are not relevant in this case.
When it comes to leveraging, Oriontero defaults to a risky 1:200 ratio, which cannot be changed. This is a major red flag as clients are exposed to a potentially risky trading environment. In fact, many countries, including the EU, UK, and Australia, have set a maximum leverage of 1:30, while the US has set it at 1:50.
Account Types at Oriontero
Oriontero offers 7 distinct account types. The accounts are:
- Bronze – Requires a deposit of 10,000 EUR
- Silver – Requires a deposit of 25,000 EUR
- Gold – Requires a deposit of 50,000 EUR
- Platinum – Requires a deposit of 100,000 EUR
- Diamond – Requires a deposit of 250,000 EUR
- Premium – Requires a deposit of 500,000 EUR
- VIP – Requires a deposit of 1,000,000 EUR
These accounts provide varying levels of support, knowledge resources, and risk-free trades. According to the FAQ section on Oriontero’s website, the minimum deposit required when using a credit card is 250 EUR. However, this amount may differ for other payment methods.
Deposit and Withdrawal Methods
Oriontero requires a minimum deposit of $250 when using a bank card. However, for the basic account type, the minimum deposit is $10,000. This is a significant amount of money, and we believe it is too high, especially considering the other issues we have uncovered.
Unfortunately, Oriontero provides lacking information regarding withdrawals and fees. The only thing we know is that it takes five days for the broker to process withdrawal requests. However, we do not believe it is worth discussing withdrawals because we have determined that this broker is a scam.
How Does The Scam Operate?
If you’re thinking about investing your savings in a broker, be aware that not all brokers are trustworthy. Some brokers use deceitful tactics to entice you into investing and make a quick profit at your expense. They may make false promises of high returns with little risk. Moreover, they may pressure you to make hasty decisions or withhold essential information that could impact your investment.
To avoid getting scammed, it’s important to do your research and choose a broker with a strong reputation and good communication. You don’t want a dishonest broker taking advantage of your trust and ruining your investment goals. Keep yourself informed and ahead of the game by selecting a licensed and reliable broker.
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Oriontero, a broker that claims to offer superb platforms, is actually a fraudulent company, according to many Oriontero reviews. Although it claims to offer the best trading software available, its Webtrader is just basic and much less effective than MetaTrader 4 and 5. It falsely claims to offer MT4 and MT5. Also, it has a default leverage of 1:200 that cannot be changed, which exposes clients to a potentially risky trading environment.
The investment firm did not furnish the review with basic details such as the owner or headquarters, leaving researchers to speculate about where to file complaints. The review also advises potential investors to avoid this broker and to choose a licensed and reliable one to avoid scams.
What Funding Methods Does Oriontero Accept?
Oriontero allegedly accepts various funding methods, including credit cards and wire transfers.
How Long Do Oriontero Group Withdrawals Take?
Withdrawal times at Oriontero can vary, but allegedly typically take 5 business days to process.
Is My Money Safe with Oriontero?
Your money is not safe here as this broker is considered to be a scam.