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Oroku Edge

Saint Vincent and the Grenadines|2-5 years|
MT5 Full License|Global Business|United States Common Financial Service License Unauthorized|Suspicious Overrun|High potential risk|

https://www.orokuedgemarkets.com/

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

Full License

12
Server Name
OrokuEdge-Demo MT4
Server Location Japan

Contact

+1 784 485 6124
admin@orokuedge.com
https://www.orokuedgemarkets.com/
First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Disclosure

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Danger

MY SCM
2024-04-19

Danger

MY SCM
2023-01-01

Contact number

English

+1 784 485 6124

Other ways of contact

Broker Information

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Company Name

Oroku Edge

Abbreviation

Oroku Edge

Platform registered country and region

Saint Vincent and the Grenadines

Company website
Facebook
Instagram

Pyramid scheme complaint

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Warning: Low score, please stay away! 3
Previous Detection : 2024-07-15
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • United StatesNFA (license number: 0560216) The regulatory status is abnormal, the official regulatory status is Unauthorized. Please be aware of the risk!
  • This broker exceeds the business scope regulated by United States NFA(license number: 0560216)National Futures Association-UNFX Non-Forex License. Please be aware of the risk!

WikiFX Verification

Oroku Edge · WikiFX Survey

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Oroku Edge · Company Summary

Oroku Edge Basic Information
Registered Country/Region Saint Vincent and the Grenadines
Founded in 2021
Regulation Not regulated
Registration Saint Vincent and the Grenadines
Account Types Cent, Standard and ECN accounts
Trading Instruments Forex, Commodities, Indices, Cryptocurrencies
Trading Platforms MetaTrader 4 (MT4)
Minimum Deposit Varies by account type
Leverage Up to 1:6666 (subject to account type)
Spreads Variable (subject to account type and market conditions)
Deposit Methods VISA, MasterCard, Bank Wire, Bank Transfer, Tether
Withdrawal Methods VISA, MasterCard, Bank Wire, Bank Transfer, Tether
Non-Trading Fees Varies (subject to account type and services used)
Customer Support Email, Phone, Live Chat
Educational Resources Available
Copy Trade Available

Please note that the information provided is subject to change. It is advisable to visit Oroku Edge's official website for the most up-to-date and accurate information.

Overview of Oroku Edge

Founded in 2021, Oroku Edge is an online forex broker registered in Saint Vincent and the Grenadines. Oroku Edge offers a range of trading instruments, including forex currency pairs, commodities, indices, and potentially other asset classes. The specific details of the available instruments can be found on their official website. The broker provides trading services through the popular MetaTrader 4 (MT4) trading platform, with the maximum leverage that can be used up to 1:6666, insanely high.

To accommodate different trading needs, Oroku Edge provides multiple account types. Traders can choose from various options, including Cent, Standard and ECN accounts, with the minimum deposit to open a Cent account just starting from $1. Each account type comes with its unique features, trading conditions, and account-opening requirements.

Oroku Edge offers customer support services to assist traders with their inquiries and concerns. Traders can typically reach out to the broker's support team through various communication channels, such as email, phone, or live chat.

basic-info

Is Oroku Edge legit or a scam?

Oroku Edge is registered in Saint Vincent and the Grenadines. However, it is important to note that regulation in this jurisdiction may differ from stricter regulatory bodies such as the Financial Conduct Authority (FCA) or the Australian Securities and Investments Commission (ASIC). Traders should exercise caution and thoroughly evaluate the broker's compliance with industry standards and security protocols.

Pros and Cons

Oroku Edge, as an online forex broker, offers a range of advantages and disadvantages. On the positive side, they provide a wide selection of trading instruments, including multiple account types and competitive leverage options. Their trading platforms are user-friendly, and they offer various deposit and withdrawal methods. However, there are some drawbacks to consider. Oroku Edge operates without regulatory oversight, which may raise concerns about investor protection. Additionally, there is limited information available regarding their trading conditions, educational resources, and customer support options. It is important for potential traders to carefully evaluate these factors and conduct thorough research before deciding to engage with Oroku Edge or any other broker.

Pros Cons
Multiple account types available Lack of regulatory oversight
Competitive leverage options Limited information on trading conditions
User-friendly MT4 trading platforms Limited range of trading instruments
Swap free Limited educational resources
Limited customer support options
Lack of transparency on fees and charges
Website available in one languages only

Market Intruments

Oroku Edge offers a variety of market instruments for trading. These instruments include:

  1. Forex: Trade major, minor, and exotic currency pairs, allowing traders to participate in the global foreign exchange market.

  2. Commodities: Access popular commodities such as gold, silver, crude oil, natural gas, and other valuable resources.

  3. Indices: Trade on major stock market indices, such as the S&P 500, Dow Jones, NASDAQ, FTSE 100, and more, representing the performance of specific sectors or the overall market.

  4. Cryptocurrencies: Take advantage of the growing popularity of digital currencies like Bitcoin, Ethereum, Litecoin, Ripple, and other altcoins.

  5. Stocks: Invest in shares of well-known companies listed on global stock exchanges, providing opportunities to profit from price movements and dividends.

Account Types

Oroku Edge offers different types of trading accounts to accommodate the varying needs of traders. These account types include:

  1. Cent Account: Designed for beginner traders or those who prefer smaller trade sizes, the Cent Account has a minimum deposit of $1. It offers leverage of up to 1:6666, allowing traders to amplify their trading positions. This account type is suitable for those looking to start with lower capital and gain trading experience.

  2. Standard Account: The Standard Account is suitable for intermediate traders who are comfortable with moderate trade sizes. It requires a minimum deposit of $15 and offers leverage of up to 1:3333. Traders can enjoy competitive trading conditions and access a wide range of trading instruments with this account type.

  3. ECN Account: The ECN Account is tailored for advanced traders who prefer direct market access and tight spreads. It requires a minimum deposit of $500 and offers leverage of up to 1:500. This account type provides traders with faster execution, deeper liquidity, and transparent pricing, making it suitable for those who engage in high-volume or scalping strategies.

account-types

How to open an account?

To open an account with Oroku Edge, follow these steps:

  • Visit the official website of Oroku Edge at https://www.orokuedge.com/.Click on the “Open Account” or “Register” button, usually located at the top right corner of the website.

open-account
  • Fill out the registration form with accurate personal information, including your name, email address, phone number, and country of residence.

open-account
open-account
  • Choose the type of trading account you wish to open, such as Cent Account, Standard Account, or ECN Account.

  • Review and agree to the terms and conditions, privacy policy, and risk disclosure statements.

  • Submit the registration form and wait for the account verification process to be completed.

  • Once your account is verified, you will receive login credentials, including a username and password, to access your trading account.

  • Proceed to fund your account by selecting a convenient payment method and following the instructions provided.

  • After funding your account, you can download the trading platform provided by Oroku Edge, such as MetaTrader 4 or MetaTrader 5.

  • Use your login credentials to log into the trading platform and start trading in the financial markets.

Leverage

Oroku Edge offers different leverage levels depending on the type of trading account:

  1. Cent Account: Leverage up to 1:6666

  2. Standard Account: Leverage up to 1:3333

  3. ECN Account: Leverage up to 1:500

Leverage allows traders to amplify their trading positions with borrowed funds, which can potentially lead to larger profits. However, it's important to note that higher leverage also increases the risk of potential losses. Traders should exercise caution and manage their leverage effectively according to their risk tolerance and trading strategy.

leverage

Spreads & Commissions (Trading Fees)

The spreads and commissions (trading fees) offered by Oroku Edge vary depending on the type of trading account and the specific financial instruments being traded. As a general overview:

  1. Cent Account:

    1. Spreads: Floating spreads starting from 1.5 pips

    2. Commissions: No commission charges

  2. Standard Account:

    1. Spreads: Floating spreads starting from 1.2 pips

    2. Commissions: No commission charges

  3. ECN Account:

    1. Spreads: Raw spreads starting from 0.0 pips

    2. Commissions: $8 per lot traded (round trip)

It's important to note that the spreads and commissions may vary during different market conditions, such as high volatility or low liquidity. Traders should refer to the broker's website or contact customer support for the most up-to-date and accurate information regarding spreads and commissions for specific trading instruments.

Non-Trading Fees

Oroku Edge imposes non-trading fees, which are additional charges unrelated to actual trading activities. The following non-trading fees may apply:

  1. Deposit Fees: Oroku Edge does not charge any fees for depositing funds into your trading account. However, it's essential to check with your payment provider or bank as they may have their own transaction fees.

  2. Withdrawal Fees: Oroku Edge may apply withdrawal fees when you make a withdrawal from your trading account. The specific fees and charges can vary depending on the withdrawal method chosen and the currency involved. It's advisable to review the broker's website or contact their customer support for detailed information on withdrawal fees.

  3. Inactivity Fees: Oroku Edge may charge an inactivity fee if your trading account remains dormant for a specific period. The duration of inactivity and the associated fees can vary depending on the account type. It is recommended to review the broker's terms and conditions to understand the inactivity fee policy.

  4. Conversion Fees: If you perform currency conversions within your trading account, Oroku Edge may charge conversion fees. These fees are applied when converting funds from one currency to another and can vary depending on the currency pairs involved.

Trading Platform

Oroku Edge offers the popular MetaTrader 4 (MT4) trading platform to its clients. MT4 is a widely recognized and widely used platform in the financial industry, known for its advanced features, user-friendly interface, and robust functionality. The MT4 platform provided by Oroku Edge allows traders to access a range of trading tools and features to enhance their trading experience. Some key features of the MT4 platform offered by Oroku Edge include:

  1. User-Friendly Interface: MT4 is designed with a user-friendly interface, making it accessible to traders of all levels of experience. The platform is intuitive and easy to navigate, allowing users to quickly execute trades and access various tools and resources.

  2. Advanced Charting Tools: MT4 provides a comprehensive set of charting tools, allowing traders to perform in-depth technical analysis. Traders can customize charts, apply indicators, draw trendlines, and analyze price patterns to identify potential trading opportunities.

  3. Wide Range of Order Types: The platform supports various order types, including market orders, limit orders, stop orders, and trailing stops. This flexibility allows traders to implement different trading strategies and manage their positions effectively.

  4. Automated Trading: MT4 enables traders to automate their trading strategies using Expert Advisors (EAs). EAs are customizable trading algorithms that can execute trades automatically based on pre-defined criteria. This feature is beneficial for traders who prefer algorithmic trading or those who want to execute trades even when they are not actively monitoring the market.

trading-platform

Deposit & Withdrawal

Oroku Edge offers a variety of deposit and withdrawal methods to cater to the diverse needs of its clients. The available methods include:

  1. Visa: Clients can make deposits and withdrawals using Visa credit or debit cards. This method offers convenience and accessibility for clients who prefer using their Visa cards for transactions.

  2. MasterCard: Similar to Visa, Oroku Edge accepts MasterCard for deposits and withdrawals. Clients can use their MasterCard credit or debit cards to fund their trading accounts or withdraw funds.

  3. Bank Wire: Bank wire transfers provide a secure and direct way to transfer funds between the client's bank account and their Oroku Edge trading account. Clients can initiate wire transfers from their bank, and Oroku Edge will credit the funds to their trading account once received.

  4. Bank Transfer: Oroku Edge supports local bank transfers, allowing clients to deposit funds from their local bank accounts directly into their trading accounts. This method is particularly useful for clients who prefer using their domestic banking services.

  5. Tether: Oroku Edge also accepts Tether (USDT) for deposits and withdrawals. Tether is a cryptocurrency that is pegged to the value of the US dollar, providing clients with a digital asset that offers stability and fast transaction processing.

payment-methods

Customer Support

Oroku Edge is committed to providing reliable and responsive customer support to its clients. The broker offers various channels through which clients can seek assistance or address their inquiries. The customer support options provided by Oroku Edge include:

  1. Live Chat: Oroku Edge offers a live chat feature on their website, allowing clients to engage in real-time conversations with customer support representatives. This enables quick and direct communication for immediate assistance with any queries or issues.

  2. Email Support: Clients can also reach out to Oroku Edge's customer support team via email. They can send their inquiries, concerns, or requests to the designated email address provided by the broker. The support team aims to respond to emails promptly and provide relevant and helpful information.

  3. Phone Support: Oroku Edge provides a phone support service, allowing clients to contact the support team directly via phone.

customer-support

FAQs

Q: Is Oroku Edge a regulated broker?

A: Oroku Edge is registered in Saint Vincent and the Grenadines. However, it's important to note that registration in this jurisdiction does not provide the same level of regulatory oversight as other well-established financial regulatory bodies.

Q: What trading instruments are available on Oroku Edge?

A: Oroku Edge offers a range of trading instruments, including forex currency pairs, commodities (such as gold and silver), indices, and cryptocurrencies. This allows traders to access diverse markets and take advantage of various trading opportunities.

Q: What are the account types offered by Oroku Edge?

A: Oroku Edge provides three types of trading accounts: Cent Account, Standard Account, and ECN Account. Each account type has different minimum deposit requirements, leverage ratios, and trading conditions to cater to the varying needs of traders.

Q: What trading platforms does Oroku Edge support?

A: Oroku Edge supports the widely popular MetaTrader 4 (MT4) trading platform. MT4 is known for its user-friendly interface, advanced charting capabilities, and a wide range of technical analysis tools. It provides a robust and reliable trading environment for both beginner and experienced traders.

Q: What are the deposit and withdrawal methods available on Oroku Edge?

A: Oroku Edge offers various deposit and withdrawal methods, including Visa, MasterCard, bank wire transfer, and Tether (USDT). These options provide flexibility for clients to fund their accounts and withdraw funds in a convenient manner.

News

WikiFX Broker Assessment Series | Oroku Edge: Is It Trustworthy?

NewsWikiFX Broker Assessment Series | Oroku Edge: Is It Trustworthy?

2024-04-17 17:39

In this article, we will conduct a comprehensive examination of Oroku Edge, delving into its key features, fees, safety measures, deposit and withdrawal options, trading platform, and customer service. WikiFX endeavours to provide you with the essential information required to make an informed decision about utilizing this platform.

WikiFX
2024-04-17 17:39
News
WikiFX Broker Assessment Series | Oroku Edge: Is It Trustworthy?
An Indonesian trader warns you to be aware of a broker called Oroku Edge

ExposureAn Indonesian trader warns you to be aware of a broker called Oroku Edge

2022-10-18 17:45

The reason why Oroku Edge caught our eye is that an Indonesian trader exposed Oroku Edge to WikiFX. We wonder if this broker is reliable.

WikiFX
2022-10-18 17:45
Exposure
An Indonesian trader warns you to be aware of a broker called Oroku Edge

User Reviews

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Xukar
more than one year
Oroku Edge has got a great variety of trading stuff and different kinds of accounts. It's perfect for anyone, no matter if you're a beginner or a pro. You can choose from tons of assets and find an account that fits your needs. Really cool platform!
2024-07-10 17:39
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0
0
Joshua Moore
more than one year
Oroku Edge has some of the lowest trading fees around, like tiny spreads. That's why I love this broker and have been using it for almost two years!
2024-06-28 13:39
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0
0
95490
more than one year
Love the low spreads and the insane leverage options—they really open up a lot of strategies. Setup was quick, verification was a breeze, and getting into the markets took no time.
2024-06-21 18:03
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0
0
Mklij
more than one year
I started trading with Oroku Edge and made a profit of $60. Yes, just $60 because I'm a beginner. They refused to pay me my money and withheld my earnings. I closed my account immediately! They're the worst company ever. Go to FBS, they're awesome.
2024-03-08 18:37
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0
0
FX1525344715
more than one year
The trading conditions were far from ideal. I encountered constant slippage - meaning, I'd want to execute my order at a specific price, but the order would execute at a higher price. In terms of spreads, they were far too wide for my liking. They were consistently at 5 pips for the EUR/USD. Basically, the gap between the buying and selling price was too large. The whole experience with Oroku Edge felt daunting and not worth my time. It felt more like I was losing money, rather than making it.
2023-12-04 16:16
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0
0
AbWellTrader
more than one year
I can't stress enough how vital regulation is in the forex trading industry, and unfortunately, Oroku Edge seemed to latch onto the idea of 'living life on the edge' too seriously. For starters, they operate without any proper regulatory backing. Total nail-biter when your hard-earned capital is at risk, right? Then, I was set back with their trading conditions - about as welcome as an earthquake during a tightrope walk. Their spreads, not just wide, but pretty unpredictable. That contributed to a bumpy ride for my trading account, shaving off more off my profits than I was comfortable with. The platform, though it looked cutesy, had quite a few hang-ups and freezes, especially during high volatility periods. For an active trader, that's worrisome!
2023-12-02 13:28
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0
0
Aliff Fakhri
more than one year
Thanks Oroku Edge! Fast withdraw. Recommended & trusted broker
2023-01-29 18:15
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0
0
一梦不愿醒。
more than one year
Oroku Edge is the worst brokerage company ever and I wouldn't recommend them to any trader. DO NOT PUT MONEY IN IT!!! You will lose it all!! Stay away!!!
2022-12-10 22:16
Reply
0
0
FX1109763669
more than one year
This hateful broker denied my profits, and two weeks passed, my money cannot be withdrawn. Talking to their customer support is like talking to a wall…
2022-12-05 18:35
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