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OrangeFX247 Broker Review – Why Is Just Another Scam?

Broker OrangeFX247 Review

OrangeFX247 broker will be added to our list of shady scammers without any authorization for providing financial services. And it’s not just that, it’s completely anonymous, so those involved don’t even have accurate information regarding regulatory jurisdiction or the governing law.

So read our honest OrangeFX247 review and check everything we were able to find on the broker.

We also want to invite you to read our recently updated AlpsMarkets, AG Markets and InstaForex scam broker reviews. For those unaware, their investment offers are too good to be true!

Broker Status:Unregulated Scam Broker
Regulated by:Unlicensed Company (No Regulation)
Operating Status:Active Forex Trading Scam
Blacklisted as a Scam by:CONSOB, CNMV, A-TVP, DFSA, AMF
Broker Owner:N/A
Headquarters Country:N/A
Foundation Year:N/A
Online Trading Platforms:WebTrader, MetaTrader4 (MT4)
Mobile Trading:Available
Minimum Deposit:250 EUR
Deposit Bonus:Up to 30%
Crypto Asset Trading:BTC, XRP, ETH
CFD Trading Option:Yes, you can trade CFDs
Available Trading Instruments:Forex (FX) / Commodities / Indices / Shares / Cryptocurrencies (Cryptos)
Maximum Leverage:1:300
Islamic Account:Not Available
Free Demo Account:No, only live trading accounts
Accepts US Clients:US traders are not accepted
Global Fraud Protection Experts’ Verdict:Don’t Invest in This Scam Broker!

Is OrangeFX247 Safe And Regulated?

We have no owner, no headquarters, and absolutely nothing to help us find where the broker is located or who’s in charge of the charade. That’s why investing your funds with such a company is risky in the first place, as you have no security for your funds.

Our best guess would be that the OrangeFX247 trading firm is actually offshore, away from any sort of regulatory oversight and supervision.

Questions About OrangeFX247 License

After we’ve checked several Tier1 registers such as FCA, ASIC, and BaFin, we found nothing in regards to OrangeFX247 regulation. It implies you’re dealing with a fraudulent brokerage, and avoiding it is the best thing you can do for your money.

In addition to the above, If you have already deposited your money with a HandelXP, SagaTrade or AdroFX scam brokers, we can assist you.

CNMV About OrangeFX247 Scam

Scam Warnings From Financial Watchdogs

If anything, OrangeFX247 forex brokerage is full of regulatory warnings. We’ve found official statements about the company coming from the Italian CONSOB, Spanish CNMV, Danish DFSA, French AMF, and Slovenian A-TVP. Quite a long list for one firm.

However, it implies that the company is mainly present in the EU, so beware of scams.

Negative OrangeFX247 Reviews – Stay Away From Trading Scam

Of course, we had to check what traders had to say about the OrangeFX247 scam as well. 

Based on numerous reviews, there’s nothing good to say. Investors are complaining about withdrawals since they cannot get their funds back. Also, there seems to be an issue with the trading platform and the illegal leverage, making clients lose more than they could afford within just seconds.

OrangeFX247 Platform Review – Available Trading Software

According to its website, there are 2 OrangeFX247 trading platforms – a Web trader and an MT4. However, you will still see the Web trader once you try to choose MT4 and check out perks coming along. Since there is no Demo account, we cannot confirm whether MT4 is just a nice sign to lure clients or, in fact, available. So, let’s talk about what we do know.

WebTrader Platform

There’s a Web trader available as a desktop app. According to the broker, it has a vast number of charts and indicators, being able to pair reputable platforms such as MT4 and MT5.

However, once we installed it, we were highly disappointed as it looks nothing better than any other Web platform we’ve seen. It also comes with leverage of up to 1:300, which is prohibited by any regulations.

Mobile Trading App – iOS & Android Trading

The very same Web trader is available as a mobile app as well. All those interested in OrangeFX247 login via iOS or Android device can use the link on the broker’s website and install the app on their mobile device. It has the same look and features as the desktop version.

Broker OrangeFX247 Trading Software

OrangeFX247 Trading Instruments – What Can I Trade?

When it comes to OrangeFX247 trading instruments, we were able to check out the list. And the first impression is – not impressive. The broker offers access to 5 biggest markets:

  • Forex market
  • Indices
  • Commodities
  • Cryptocurrencies
  • Shares

However, there are just a few assets of each category, making this brokerage even less desirable. Which, to be honest, we never thought was possible.

OrangeFX247 Trading Accounts – Account Types

There are 3 OrangeFX247 account types:

  • Standard – 250 EUR
  • Premium – 2,500 EUR
  • Mega – 25,000 EUR

Besides the initial deposit, these accounts differ in their leverage, as starting is 1:100 going up to 1:300, educational materials and support from different account managers. Also, there’s a different amount of OrangeFX247 bonus coming along with each account type. 

Free Demo Account Service

When it comes to the OrangeFX247 Demo account, unfortunately, there is none. It practically means that if you want to check the broker’s offer, you will have to invest at least OrangeFX247 minimum deposit of 250 EUR, which is not recommended, considering the broker’s reputation.

OrangeFX247 Scam – Don’t Put Any Money Into This Project

Why do we say the project? Because that’s precisely what it is. Trading with OrangeFX247 means you’re exposing your funds to the risk, and it is equal to gambling, not investing. Since Forex trading scams are more sophisticated, knowing how not to fall for one is a big advantage.

If you have already fallen victim to the OrangeFX247 scam, let us know and we may be able to help you get a refund.

OrangeFX247 Deposit Methods – How To Deposit?

There are only a few deposit methods that OrangeFX247 accepts, including:

  • Visa
  • MasterCard
  • Maestro
  • Wire transfer

Since the first 3 can be considered the same method – debit/credit card, we advise you to go for that one. In case of issues, you have up to 540 days to report a fraudulent transaction and get a chargeback.

OrangeFX247 Deposit Bonus – Welcome Bonus Scam

What would a scam broker be without a bonus scam? It’s one of the favorite tools illicit companies are using, as you will get funds from the company without understanding what it brings.

Once you ask for a payout, you will be told withdrawals will be prevented until you pay off this bonus approximately 100 times more than you actually received. 

OrangeFX247 offers a 20-30% bonus for the initial deposit and 30% for each friend you bring. Beware of this trading scam.

OrangeFX247 Withdrawal Issues – Unable to Withdraw Funds

As mentioned, clients cannot withdraw their funds, and since they are dealing with an unregulated broker, most likely based offshore, there is no authority body in charge of helping. The best option for you is to file a dispute and request a chargeback, assuming you still have time to do so.

That’s why it would be best to contact our experts to get some assistance with this matter.

Scammed By OrangeFX247 Broker? – Talk To Our Recovery Experts

After everything being said, if you have had any issues with OrangeFX247 or similar bogus brokerage, we would advise you to talk to our recovery experts. Book a free consultation via online chat and let us know what happened.

We will assist you in the best way possible and help you get your money back from scammers, as Global Fraud Protection always does. Don’t let fraudsters run with your hard-earned money.

Don’t Let the Scammers Go Away for Free!

FAQ Section:

What Is OrangeFX247, And Should I Invest Money In It?

Simply put, OrangeFX247 is an unregulated online Forex and CFD provider.

What Is The OrangeFX247 Minimum Deposit?

The minimum deposit with OrangeFX247 is 250 EUR.

Can I Trade Cryptocurrencies And CFDs With OrangeFX247 Broker?

Yes, broker provides trading with CFDs and cryptocurrencies to its clients.

Are My Funds Safe With OrangeFX247?

Since the broker has been blacklisted in Slovenia, Spain, Italy, Denmark, and France, your funds are not safe with it.