Oro Markets Review – Dishonest Broker Manipulating Newbies

Oro Markets broker works under the flag of ECB7 Capital LTD. This company claims to be in the market for more than 11 years. Yet, they operate from Saint Vincent and the Grenadines, which makes it immediately suspicious.

But let’s not jump to conclusions. In the end, if the broker has any Tier 1 regulations, we can trust them. Yet, you should read this Oro Markets review to find out if that’s true or not.

Broker status:	Unregulated
Regulated by:	No regulations
Operating Status:	Active trading scam
Known Websites:	https://oro-markets.com/
Blacklisted by:	CNMV, FI
Owner:	ECB7 CAPITAL LTD
Headquarters Country:	St. Vincent and Grenadines
Foundation Year:	2023
Online Trading Platforms:	Web trader
Mobile Trading:	Not available
Minimum Deposit:	N/A
Deposit Bonus:	50% bonus
CFD Trading Option:	Yes
Crypto Asset Trading:	Yes
Available Trading Instruments:	Forex, Indices, Commodities, Cryptos, Stocks
Maximum Leverage:	1:500
Islamic Account:	Not available
Free Demo Account:	Not available
Accepts US clients:	US clients are accepted
Global Fraud Protection Experts’ Verdict:	After multiple warnings and in-depth analysis, the best option is to avoid this broker. But if you already got involved or scammed, contact our chargeback specialists for more advice.

Is Oro Markets Legit or a Scam?

Besides the offshore address, the company also has a US address. Since FSA in SVG doesn’t issue licenses, we are looking for US ones. For example, CFTC or NFA. Yet, Oro Markets is not found there.

Ultimately, our last hope died once we searched for our top-tier regulatory databases. In this case, FCA, BaFin and ASIC. Oro Markets scam broker was not found there either. Instead, we found multiple warnings against this broker, primarily from Spanish CNMV but also Estonian FI.

How Does Oro Markets Work?

This company basically works on manipulations, most likely with their shady and mysterious trading software. The broker would magically make you some insanely high profits and require you to deposit more money. But if you don’t do it, suddenly, you will get a margin call because the market is crashing. But all that is possible only through back-end manipulations with web-based platforms.

In the end, if you are not depositing more money you lose everything. Of course, fictively because you were playing with fake money. If this is the case with you, get in touch with us for refund assistance.

Who Are Oro Markets Victims?

Another key fact is that this broker lies about their existence on the market. Instead of 11 years, they have been in the market for less than a year. At least according to who.is.

But there is a chance they were running other brands that were also exposed as a scam. In any case, they are mainly scamming traders from:

• Ecuador
• Italy
• Guatemala
• United States
• Canada

However, let us hear about your experience and residence country. After all, our refund team can advise you on refund options.

What Are Trading Platforms Available?

According to the company, there is a web trader, but MetaTrader 4 is available too. However, note that MT4 download options don’t work. Once you complete the Oro Markets login procedure, you can only see a basic web-based platform. In fact, nothing spectacular or advanced about it.

Is the Oro Markets Mobile Trading App Available?

Oro Market’s presentation shows a dedicated mobile app. Yet, such an app doesn’t exist. Neither for iOS or Android devices. But we already market ECB7 Capital LTD as a scam company. So, nothing better is expected from them. Above all, we suggest you check our RoyalBridge review for more scam tricks.

What Financial Instruments Does The Platform Include?

As for the trading instruments, Oro Markets offers nothing more than any other broker. With regulated brokers, you have more transparency and reliability about the data. In any case, you can trade with:

• Forex – GBP/HUF, EUR/SEK
• Commodities – gold, crude oil
• Indices – ASX200, DowJones
• Shares – Nvidia, Microsoft
• Cryptos – BTC, LTC, XRP

Account Types Offered by Oro Markets

Generally speaking, account types should motivate traders to trade more or deposit more. The main reason is better trading conditions that you get.

But, with scam brokers, you can only get a higher risk of losing everything. Note that with this brokerage firm, minimum deposit requirement is unknown. Nevertheless, the options with Oro Markets are:

• Silver
• Gold
• Platinum

Can a Trader Use an Oro Markets Demo Account?

If the broker has MT4 available they will offer also a demo account. But that’s not the case. Obviously, they are hiding their flaws. But to learn all the disadvantages of bad software choices, read our Port Trades review.

Oro Markets Fees, Spreads, Leverage, and Commission

As can be seen, the company offers insanely high leverage of up to 1:500. Without negative balance protection, your funds can be wiped off in seconds.

Regardless, Oro Markets spreads are quite low. Or at least advertised low starting from 0.07 pips. Yet, none of the accounts has any commissions except for swaps. Note that detailed numbers are unknown.

Is the Oro Markets Welcome Bonus Available?

Yes, the broker offers up to a 50% welcome bonus. However, there is no transparent bonus policy. So, you can expect dirty tricks there as well. To find out which ones, read our TresorFX review.

Is Oro Markets Withdrawal Possible?

Considering multiple warnings, missing regulations, and non-existent withdrawal policies, you can forget about withdrawals. On top of all, there are other shady T&Cs. For example, early terminations or early withdrawals are not possible in any of the investment options offered by the company.

What Should I Do If I Have an Oro Markets Problem?

Primarily, you should report them to local authorities. But in the end, everyone is looking for their lost funds. Depending on the funding method, you have different choices.

In general, the fastest option is a chargeback. Yet, we recommend you book a consultation with our experts for detailed assistance.