Score
Oron Limited
Saint Lucia|1-2 years| https://www.orontrade.com/
Website
Rating Index
MT4/5 Identification
MT4/5 Identification
Full License
United KingdomContact
Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
Contact number
+971 42956005
Other ways of contact
Broker Information
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Oron Limited
Oron Limited
Saint Lucia
Pyramid scheme complaint
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- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
WikiFX Verification
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1：500 |
| Minimum Deposit | 10000$ |
| Minimum Spread | from 0 |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | -- |
| Supported EA | |
| Depositing Method | (7+) Skrill PerfectMoney VISA MASTER |
| Withdrawal Method | (7+) PerfectMoney Neteller Skrill VISA |
| Commission | 5$/Lot |
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:500 |
| Minimum Deposit | 5000$ |
| Minimum Spread | from 0 |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | -- |
| Supported EA | |
| Depositing Method | (7+) MASTER Neteller Skrill PerfectMoney |
| Withdrawal Method | (7+) Skrill VISA PerfectMoney Neteller |
| Commission | 7$/Lot |
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:500 |
| Minimum Deposit | 1000$ |
| Minimum Spread | from 1 |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | -- |
| Supported EA | |
| Depositing Method | (7+) VISA MASTER Neteller Skrill |
| Withdrawal Method | (7+) Neteller Skrill VISA PerfectMoney |
| Commission | NO |
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:500 |
| Minimum Deposit | $20 |
| Minimum Spread | ftom 1.5 |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | -- |
| Supported EA | |
| Depositing Method | (7+) PerfectMoney VISA MASTER Neteller |
| Withdrawal Method | (7+) Neteller Skrill VISA PerfectMoney |
| Commission | NO |
- Fundamental Item(A)
- Total Supplementary Items(B)
- Debt Amount(C)
- Non-Fixed Capital(A)+(B)-(C)=(D)
- Relative amount of risk(E)
- Market Risk
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- Underlying Risk
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Oron Limited · Company Summary
| Aspect | Information |
| Company Name | Oron Limited |
| Registered Country/Area | Saint Lucia |
| Years | Within 1 year |
| Regulation | Unregulated |
| Market Instruments | Forex, Crypto, Indices, Stocks, Energy, and Commodities |
| Account Types | Micro, Standard, and ECN |
| Minimum Deposit | $20 |
| Maximum Leverage | 1:500 |
| Spreads | Spread from 0 pips |
| Trading Platforms | MetaTrader 5, MetaTrader Web, MetaTrader Mobile, and MetaTrader EAs |
| Demo Account | Yes |
| Customer Support | Email: support@orontrade.com and Ticket |
| Deposit & Withdrawal | Wire Transfer, Credit Cards, e-Wallets, and crypto wallets. |
| Educational Resources | Webinars, Seminars, Financial events, Forex calendars, Trading strategis, Trading Psychology, and Market News |
Overview of Oron Limited
Oron Limited, a company registered in Saint Lucia, has swiftly established itself within the financial landscape, operating for less than a year. While unregulated, it offers a range of market instruments, including Forex, Crypto, Indices, Stocks, Energy, and Commodities. Traders can choose from Micro, Standard, and ECN account types with a remarkably low minimum deposit of $20 and a maximum leverage of 1:500. The competitive advantage extends to spreads, starting from 0 pips.
Oron Limited supports various trading platforms such as MetaTrader 5, MetaTrader Web, MetaTrader Mobile, and MetaTrader EAs, ensuring flexibility for traders. A demo account is available for those seeking to practice and hone their skills.
The company provides deposit and withdrawal options, including wire transfers, credit cards, e-wallets, and crypto-wallets. To enhance traders' knowledge and skills, Oron Limited offers educational resources such as webinars, seminars, financial events, forex calendars, trading strategies, trading psychology insights, and market news.
Regulatory Status
Oron Limited operates as an unregulated trading platform.
The absence of regulatory scrutiny can contribute to a lack of accountability and may increase concerns about the overall reliability and trustworthiness of the broker. Investors should carefully consider these risks and evaluate the potential consequences of trading with an unregulated financial broker.
Pros and Cons
| Pros | Cons |
| Flexible Market Instruments | Lack of Regulation |
| Low Minimum Deposit | Relatively New Company |
| Competitive Leverage and Spreads | Limited Customer Support Channels |
| Multiple Trading Platforms | Unavailability of Phone Support |
| Comprehensive Educational Resources | / |
Pros:
Flexible Market Instruments: Oron Limited offers a wide array of market instruments, including Forex, Crypto, Indices, Stocks, Energy, and Commodities, providing traders with flexible options for investment.
Low Minimum Deposit: With a minimum deposit requirement of $20, Oron Limited appeals to traders with varying budget sizes, making it accessible to a broad range of users.
Competitive Leverage and Spreads: The platform provides a maximum leverage of 1:500, enabling traders to amplify their positions. Additionally, starting spreads from 0 pips enhance the competitiveness of trading conditions.
Multiple Trading Platforms: Oron Limited supports various trading platforms, including MetaTrader 5, MetaTrader Web, MetaTrader Mobile, and MetaTrader EAs, offering flexibility and convenience to traders.
Comprehensive Educational Resources: Traders can benefit from a range of educational resources, such as webinars, seminars, financial events, forex calendars, trading strategies, trading psychology insights, and market news, fostering skill development and informed decision-making.
Cons:
Lack of Regulation: Oron Limited operates in an unregulated environment, potentially raising concerns about the level of oversight and consumer protection.
Relatively New Company: The company has been in operation for less than a year, which may pose uncertainties about its long-term stability and reputation within the industry.
Limited Customer Support Channels: Customer support primarily relies on email (support@orontrade.com) and a ticket system, lacking additional channels like live chat or phone support for more immediate assistance.
Unavailability of Phone Support: The absence of phone support may limit the accessibility of customer assistance, especially for traders who prefer real-time communication.
Market Instruments
Oron Limited offers a selection of market instruments, providing traders with a range of options to diversify their portfolios.
In the Forex category, users can engage in currency trading, taking advantage of fluctuations in exchange rates.
The platform supports various cryptocurrencies, allowing traders to participate in the dynamic and rapidly evolving crypto market.
Indices, representing a basket of stocks, are available for those interested in broader market trends.
For stock enthusiasts, Oron Limited includes individual stocks, allowing for targeted investments in specific companies.
Energy products apply to those interested in commodities like oil and natural gas.
While the Commodities category covers a range of tradable goods, offering further opportunities for investment diversification.
The availability of these market instruments provides traders with the flexibility to explore different sectors and capitalize on various market trends.
Account Types
The trading platform provides three distinct account types, each tailored to meet varying trader preferences and financial capacities.
The Micro account offers a leverage of 1:500 with a minimum deposit of $20, featuring a floating spread type starting from 1.5 pips. This account does not incur any commissions, and SWAPS are available.
The Standard account, with the same 1:500 leverage, requires a minimum deposit of $1000. It features a floating spread starting from 1 pip, and similar to the Micro account, there are no commissions, but SWAPS are applicable.
The ECN account, designed for more advanced traders, maintains a leverage of 1:500 and necessitates a higher minimum deposit of $10000. It boasts a floating spread starting from 0 pips but involves a commission of $7 per Lot traded. SWAPS are also available in the ECN account.
In summary, these accounts offer flexibility in terms of deposit requirements, spreads, and commission structures, while consistently providing a leverage of 1:500 and the availability of SWAPS.
| Account Type | Leverage | Min. Deposit | Spread Type | Spread from | Commission | SWAPS |
| Micro | 1:500 | $20 | Floating | 1.5 pips | NO | Yes |
| Standard | 1:500 | $1000 | Floating | 1 pip | NO | Yes |
| ECN | 1:500 | $10000 | Floating | 0 pips | $7/Lot | Yes |
How to Open an Account？
Opening an account with Oron Limited is a straightforward process that can be completed online in a matter of minutes. Here's a breakdown of the steps involved:
Visit the Oron Limited website and click “Start Trading.”
Fill out the online application form: The form will request your personal information Be sure to have your identification documents (passport or ID card) and proof of address handy for uploading.
Fund your account: Oron Limited offers various deposit methods, including bank transfers, credit/debit cards, and e-wallets. Choose your preferred method and follow the instructions to complete the deposit.
Verify your account: Once your account is funded, you'll need to verify your identity and address. This typically involves submitting scanned copies of your ID documents and proof of address.
Start trading: Once your account is verified, you're ready to explore the Oron Limited trading platform and start making trades.
Leverage
The utilization of a maximum leverage of 1:500 with Oron Limited introduces a significant risk factor in trading. While high leverage can amplify potential profits, it also magnifies the potential for losses. Traders employing such high leverage may find their positions more vulnerable to market fluctuations, making it crucial for them to closely monitor and manage their trades.
Trading Platform
Oron Limited provides a suite of versatile and user-friendly trading platforms to for the needs of traders.
MetaTrader 5, a robust and comprehensive platform, offers advanced charting tools, technical analysis features, and a wide range of order execution options.
MetaTrader Web allows for convenient and accessible trading directly from a web browser, eliminating the need for downloads.
Traders on the move can leverage MetaTrader Mobile, a mobile application ensuring flexibility and real-time access to the markets.
Additionally, Oron Limited supports MetaTrader EAs (Expert Advisors), enabling automated trading strategies to be implemented. These platforms collectively empower traders with the tools and flexibility needed to execute their trading strategies efficiently across different devices and market conditions.
Deposit & Withdrawal
Oron Limited offers a range of convenient and multiple payment methods for depositing and withdrawing funds, each with its own set of specifications.
Wire transfers require a minimum amount of 50 USD and are commission-free, with an execution time of 3-5 hours.
Credit card transactions, on the other hand, have a minimum amount of 100 USD, incur no commission, and are processed instantly.
E-wallet transactions have a minimum amount of 100 USD, with a 1% commission, and are executed instantly.
BinancePay and Mobile Payment Platform transactions require a minimum of 50 USD, with no commission for BinancePay and instant execution, while Mobile Payment Platform transactions are also instant but commission-free.
Bitcoin and Perfect Money transactions have a minimum amount of 50 USD, are commission-free, and have an execution time of 5-30 minutes.
Deposit
| Payment Method | Minimum Amount | Commission | Execution Time |
| Wire Transfer | 20 USD | Free | 3-5 hours |
| Credit Cards | 100 USD | Free | Instant |
| e-Wallets | 100 USD | 1% | Instant |
| BinancePay | 20 USD | Free | 5-30 minutes |
| Mobile Payment Platform | 20 USD | Free | Instant |
| Bitcoin | 20 USD | Free | 5-30 minutes |
| Perfect Money | 100 USD | Free | 5-30 minutes |
Withdrawal
| Payment Method | Minimum Amount | Commission | Execution Time |
| Wire Transfer | 50 USD | Free | 3-5 hours |
| Credit Cards | 100 USD | Free | Instant |
| e-Wallets | 100 USD | 1% | Instant |
| BinancePay | 50 USD | Free | 5-30 minutes |
| Mobile Payment Platform | 50 USD | Free | Instant |
| Bitcoin | 50 USD | Free | 5-30 minutes |
| Perfect Money | 100 USD | Free | 5-30 minutes |
Customer Support
Oron Limited provides customer support through two main channels: email (support@orontrade.com) and a ticket system.
The email support option allows users to reach out to the company with inquiries or assistance requests via their designated support email address. This asynchronous communication method provides flexibility for users to articulate their concerns in detail.
Additionally, Oron Limited employs a ticket system, offering users a structured way to submit and track their support requests. This system ensures organized and efficient handling of customer inquiries, allowing for systematic issue resolution and timely responses. Traders can utilize the ticket system to communicate specific concerns, seek clarification, or request assistance, contributing to a streamlined customer support process. These support channels collectively aim to address customer queries promptly and effectively, enhancing the overall user experience on the platform.
Educational Resources
Oron Limited recognizes the importance of providing comprehensive educational resources to empower traders with knowledge and skills.
The platform offers an array of learning opportunities, including webinars and seminars that cover a wide range of topics. These live sessions facilitate real-time interaction, allowing traders to engage with experts and fellow participants, gaining insights into market trends and strategies.
Financial events and a Forex calendar are crucial tools that keep traders informed about significant economic and market developments. These resources aid in making well-informed decisions by providing insights into potential market movements based on scheduled events.
Oron Limited also focuses on enhancing trading proficiency by offering resources on trading strategies. This includes detailed insights into various approaches and methodologies, helping traders develop effective plans for navigating the financial markets.
Recognizing the psychological aspect of trading, Oron Limited provides resources on trading psychology. This valuable content assists traders in understanding and managing emotions, discipline, and mental resilience, crucial for long-term success in the dynamic world of trading.
Additionally, the platform keeps traders updated with relevant market news, ensuring they stay informed about global economic trends, geopolitical events, and other factors influencing financial markets. This wealth of educational resources underscores Oron Limited's commitment to fostering a knowledgeable and well-equipped trading community.
Conclusion
In conclusion, Oron Limited presents several strengths, including the flexibility of market instruments, a low minimum deposit requirement, and a comprehensive set of educational resources.
However, potential drawbacks include the lack of regulatory oversight, the company's relatively recent establishment, and the absence of phone support.
Traders should weigh these factors carefully to make informed decisions based on their preferences and risk tolerance.
FAQs
Q: What market instruments are available on Oron Limited？
A: Oron Limited offers a range of market instruments, including Forex, Crypto, Indices, Stocks, Energy, and Commodities.
Q: What is the minimum deposit required to start trading with Oron Limited？
A: The minimum deposit on Oron Limited is $20, providing accessibility to a broad range of traders with varying budget sizes.
Q: What leverage and spreads does Oron Limited offer？
A: Oron Limited provides competitive leverage of up to 1:500 and boasts starting spreads from 0 pips, enhancing trading conditions for users.
Q: What trading platforms are supported by Oron Limited？
A: Oron Limited supports multiple trading platforms, including MetaTrader 5, MetaTrader Web, MetaTrader Mobile, and MetaTrader EAs, offering flexibility and convenience to traders.
Q: What educational resources are available on Oron Limited？
A: Oron Limited provides a comprehensive set of educational resources, including webinars, seminars, financial events, forex calendars, trading strategies, trading psychology insights, and market news.
Q: What payment methods are accepted for deposits and withdrawals on Oron Limited？
A: Oron Limited accepts various payment methods, including wire transfers, credit cards, e-wallets, and crypto wallets. However, the available options may be relatively limited compared to some other platforms.
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