Oron Trade Forex Review

Read our full Oron Trade review to get exact details about their safety, accounts, spreads, platforms, assets, support, and many more. Our unbiased Oron Trade opinion allows our readers to decide whether Oron Trade is a reliable broker.

Oron Trade Forex Broker History

Oron Trade is a Forex and CFDs broker that was registered and launched in 2023, making it a relatively young broker. It started offering its services globally using the MT5 advanced platform and offers several account types, which are flexible. However, there is no live chat support, and brokers lack a regulatory license, which are noticeable drawbacks.

Despite being young, the website looks and feels professional, and all necessary details are transparently disclosed, which is a positive sign.

Oron Trade broker safety

Safety is paramount in online financial trading, and traders should always try to opt for only regulated brokers. Unfortunately, Iron Trade falls short in this regard; the broker is not regulated and can be considered risky.

While the broker emphasizes its strict approach to user fund safety, we can not truly confirm it keeps trader funds in segregated bank accounts to save them separately from its operational funds.

There is no info about negative balance protection, indicating that this does not offer this crucial policy, which is a serious drawback for beginner traders.

Oron Trade Broker Review of Accounts

Oron Trade accounts are plenty and offer traders diverse choices. However, the minimum deposit requirement is only attractive on one trading account, which is a micro account, and it has expensive spreads, making the broker unattractive for general traders. To evaluate the broker’s competitiveness, let’s briefly review each of the accounts.

Oron Trade Micro Account has the following trading conditions:

• Minimum deposit – 20 USD
• Maximum leverage – 1:500
• Spreads from – 1.5 pips
• Commissions – 0 USD
• Minimum lot size – 0.01 lots
• Islamic option – Yes

Oron Trade Standard Account trading conditions are as follows:

• Minimum deposit – 1,000 USD
• Maximum leverage – 1:500
• Spreads from – 1 pip
• Commissions – 0 USD
• Minimum lot size – 0.01 lots

Oron Trade ECN Account offers the following specs:

• Minimum deposit – 10,000 USD
• Maximum leverage – 1:500
• Spreads from – 0.0 pips
• Commissions – 7 USD per lot round trip
• Minimum lot size – 0.01 lots

Overall, the micro account has the lowest minimum deposit requirement, but spreads are expensive, while other accounts offer better conditions, but minimum deposit requirements are too high, making the broker unattractive for the general audience.

Oron Trade instruments

Oron Trade instruments are diverse, as there are Forex pairs, indices, commodities, cryptos, and stocks offered. Traders can use CFD versions of these instruments for quick trade execution. The leverage is high and enables traders to take large trading positions, but since there is no negative balance protection, it is also risky.

Oron Trade Reviews of Trading Platforms

Oron Trade broker allows access to the advanced trading platform, MetaTrader 5. The platform is super popular among traders and allows them to use custom indicators and Expert Advisors together with a plethora of other advanced tools for technical and fundamental analysis. Mobile trading is also available as Oron Trade provides access to the MT5 mobile app on both popular systems.

Oron Trade Forex Review of Extra Features

Oron Trade extra features include several promotional events, scarce educational resources, and limited market analysis tools. There are only brief explanations for each asset class, and there is also an economic calendar. Traders can get a 50% deposit bonus, which is available for every single deposit. However, as usual, there are terms and conditions for these deposit bonuses, and traders need to be aware before applying for any of those promotional events.

Oron Trade Reviews of Customer Support

Customer support of Oron Trade suffers from serious issues. There are no live chat or phone support channels available, which is a serious red flag. There is only an email option provided, and it is not enough to provide proper support to traders. Oron Trade is not multilingual, as only the English language is offered. Email is not enough for proper support, and the broker needs to improve this aspect as soon as possible.

Oron Trade Deposit and Withdrawal

Deposits and withdrawals are super important in trading. Oron Trade accepts several payment options like Visa, MasterCard, Neteller, Skrill, BinancePay, and crypto coins. Deposits are instant and fee-free, and so are withdrawals. The broker promises instant withdrawal processing on payment methods apart from wire transfers. If true, this makes Oron Trade one of the most competitive brokers out there when it comes to profit withdrawals.

Oron Trade Review Conclusion – Can you trust Oron Trade?

Oron Trade is a newly launched FX and CFDs broker that offers the MetaTrader 5 trading platform, various asset classes, and high leverage. There are several account types available as well. However, lack of regulations, poor support (no live chat and hotline), and high entry requirements on most accounts make it a highly risky FX broker. We advise our readers to avoid unregulated brokers that lack phone and live chat support channels.

FAQs on Oron Trade

Is Oron Trade a scam?

Oron Trade scam is highly likely as the broker is not licensed, lacks live chat and phone support channels, and promises instant profit withdrawals.

What is the Oron Trade minimum deposit?

The minimum deposit at Oron Trade varies depending on the account. The micro account requires a minimum deposit of 20 USD, while other accounts require significantly higher minimum deposits.

Is Oron Trade a cheap broker?

No, Oron Trade is an expensive broker, as it has high spreads on micro accounts and requires extremely high minimum deposits on other accounts with lower spreads.