Analysis of OrangeX Broker (Official Website: https://www.orangex.com/) ¶

This analysis evaluates OrangeX, a cryptocurrency exchange, based on online complaint information, risk level assessment, website security, WHOIS lookup, IP and hosting analysis, social media presence, red flags, regulatory status, user precautions, and potential brand confusion. The information is synthesized from available data, including web sources, to provide a comprehensive overview.[](https://reportyourscam.com/orangex/)[](https://www.trustpilot.com/review/orangex.com)[](https://www.wikibit.com/en/dr/1306649060620.html)

1. Online Complaint Information ¶

Numerous online complaints raise significant concerns about OrangeX’s operations:

• Withdrawal Issues: Multiple users report difficulties withdrawing funds, with accounts being frozen without clear justification. For instance, users describe being asked to deposit additional funds (e.g., 1200 USDT) to “verify” accounts or being told withdrawals are delayed due to lengthy “appeal processes” lasting months.
• Account Freezing: Complaints frequently mention accounts being blocked after deposits or profits are made, often citing “suspicious activity” or requiring additional KYC (Know Your Customer) verification that seems unreasonable.
• Poor Customer Service: Users note unresponsive or unhelpful customer support, with some being blocked from Telegram groups or receiving no replies to inquiries.
• Trading Irregularities: One user reported their coin being sold at 10% of the market price when using the “market price” sell option, with support dismissing it as a recurring issue.
• Scam Allegations: Several reviews label OrangeX as a scam, citing experiences of funds being inaccessible after deposits and coercive tactics to extract more money.
• Trustpilot and WikiBit Feedback: On Trustpilot, OrangeX has a low TrustScore with 19–22 reviews, many describing it as a scam. WikiBit reports 24 negative comments in three months, highlighting unresolved complaints. Summary: The volume and consistency of complaints about withdrawal issues, account freezes, and poor customer service indicate significant operational red flags. These align with patterns seen in fraudulent platforms.

2. Risk Level Assessment ¶

Based on available data, OrangeX is classified as high-risk due to the following:

• Unregulated Status: OrangeX lacks valid regulatory oversight in most jurisdictions, increasing the risk of fraud, market manipulation, and lack of user recourse.
• User Complaints: The high number of unresolved complaints, particularly around frozen accounts and withdrawal issues, suggests operational or financial instability.
• High-Risk Services: OrangeX offers high-leverage trading (up to 200x) and derivatives, which are inherently volatile and risky, especially for inexperienced traders.
• TU Overall Score: Traders Union assigns OrangeX a low score of 2.36/10, citing client dissatisfaction and recommending against trading with the platform.
• Promotional Offers: Attractive bonuses (e.g., up to 2,000 USDT for new users) may lure inexperienced investors without adequate risk disclosure, a common tactic among high-risk platforms. Summary: The combination of unregulated operations, high-risk trading features, and widespread user complaints places OrangeX in a high-risk category.

3. Website Security Tools ¶

OrangeX’s website (https://www.orangex.com/) has been evaluated for security:

• SSL Certificate: The website uses a valid SSL certificate, ensuring encrypted connections, which is a basic security standard.
• Security Claims: OrangeX claims to use a multi-signature security system for hot and cold wallets, with the majority of assets stored offline. It also mentions passing security tests by internationally renowned firms and maintaining a 1,000 BTC insurance fund.
• Potential Vulnerabilities: No specific reports confirm malware or phishing directly linked to orangex.com, but the presence of iframes or external content (noted in affiliate sites) could pose risks if not properly managed.
• User Reports: Despite security claims, user complaints about unauthorized account access or funds being “lost” suggest potential weaknesses in account security or internal processes. Summary: While the website has basic security measures (SSL, multi-signature wallets), user complaints about account freezes and inaccessible funds raise doubts about the effectiveness of these protections.

4. WHOIS Lookup ¶

WHOIS data provides insights into the domain’s ownership and stability:

• Domain Age: The domain orangex.com was registered several years ago, which is generally a positive sign of stability. Older domains are less likely to be associated with short-lived scams.
• Ownership: The owner’s identity is concealed, which is common for privacy but can raise trust concerns in the context of a financial platform. Concealed ownership is a tactic used by some fraudulent sites to avoid accountability.
• Registration Period: The domain is registered for multiple years, suggesting an intent to maintain operations long-term, which is a positive indicator. Summary: The domain’s age and long-term registration are positive, but concealed ownership aligns with red flags noted in user complaints.

5. IP and Hosting Analysis ¶

• Hosting: The hosting provider for orangex.com is not explicitly detailed in the provided data, but the site is reported to be stable with no significant downtime.
• IP Location: The IP indicates the site is accessible globally, with no specific geolocation issues reported.
• Proximity to Suspicious Sites: Scam Detector notes a “Proximity to Suspicious Websites” score, suggesting orangex.com may have connections to questionable platforms, though no specific score is provided. A score above 80 would indicate high risk, but orangex.com is likely below this threshold. Summary: Hosting appears stable, but potential links to suspicious sites warrant caution. No critical hosting vulnerabilities are confirmed.

6. Social Media Presence ¶

• LinkedIn: OrangeX has a LinkedIn page with 571 followers, describing itself as a professional crypto trading platform with regulatory licenses and security measures.
• Community Engagement: OrangeX promotes 24/7 support via Live Chat, email, and multi-language communities, but user complaints suggest these channels are often unresponsive or unhelpful.
• Scam Allegations on Social Media: Users report being approached via WhatsApp, Telegram, or other platforms to invest in OrangeX, followed by withdrawal issues. This suggests aggressive or deceptive marketing tactics. Summary: OrangeX maintains a social media presence, but complaints about unresponsive support and deceptive outreach via social platforms are concerning.

7. Red Flags and Potential Risk Indicators ¶

Several red flags and risk indicators are evident:

• Withdrawal Delays and Freezes: Persistent issues with withdrawals, including demands for additional deposits, are a hallmark of scam platforms.
• Unregulated Operations: Lack of valid regulation increases the risk of fraud and limits user protections.
• Concealed Ownership: Hidden owner identity reduces transparency and accountability.
• Aggressive Promotions: High-value bonuses and social media outreach may exploit inexperienced traders.
• Copy Trading Risks: The copy trading feature, while marketed as beginner-friendly, carries risks of over-reliance and potential losses, with no guaranteed protections.
• Low Online Visibility: A weak backlink profile indicates low digital credibility compared to competitors, suggesting limited trust in the industry.
• Suspicious Affiliate Sites: Domains like vip-orangex.cyou are flagged as high-risk or scams, potentially linked to OrangeX, which could confuse users. Summary: Multiple red flags, including withdrawal issues, lack of regulation, and deceptive marketing, indicate significant risks.

8. Website Content Analysis ¶

• Claims: OrangeX’s website promotes itself as a secure, beginner-friendly exchange with high liquidity, low fees, and advanced trading tools (e.g., 200x leverage, futures, options). It highlights a 1,000 BTC insurance fund and regulatory licenses (MSB and NFA in the US).
• Risk Disclosures: The website includes disclaimers about the high financial risks of trading, stating it does not provide financial advice and that users trade at their own risk. However, these disclosures may not be prominent enough for inexperienced users.
• Transparency: The site lacks detailed information about the company’s leadership or operational structure, which reduces transparency.
• User Experience: The interface is described as intuitive, suitable for beginners, but complaints about functionality (e.g., withdrawal buttons disappearing) suggest potential issues. Summary: The website presents a professional image but lacks transparency about ownership and operations. Risk disclosures are present but may not sufficiently warn inexperienced users.

9. Regulatory Status ¶

• Claimed Licenses: OrangeX claims to hold MSB (Money Services Business) and NFA (National Futures Association) licenses in the US and mentions pending applications in Canada, Lithuania, and Estonia.
• Verification: Multiple sources, including WikiBit, confirm that OrangeX currently lacks valid regulatory oversight. MSB registration is a basic requirement for crypto exchanges in the US but does not equate to robust oversight like SEC or CFTC regulation. NFA licensing is questionable, as it typically applies to futures brokers, not crypto exchanges.
• Compliance Efforts: OrangeX partners with compliance firms like LexisNexis, SlowMist, and CipherOwl for AML/CFT (Anti-Money Laundering/Combating the Financing of Terrorism) and transaction monitoring, suggesting some effort toward compliance. However, this does not compensate for the lack of formal regulation.
• Unregulated Risks: Operating without oversight increases risks of fraud, market manipulation, and limited recourse for disputes. Summary: OrangeX’s claimed licenses are either minimal (MSB) or unverified (NFA), and it operates without valid regulatory oversight, a major risk factor.

10. User Precautions ¶

To mitigate risks when considering OrangeX, users should:

• Verify Regulation: Independently check OrangeX’s regulatory status via official regulatory websites (e.g., FinCEN for MSB, NFA for futures).
• Start Small: Deposit minimal amounts initially to test withdrawal processes before committing significant funds.
• Avoid Aggressive Promotions: Be wary of unsolicited outreach via WhatsApp, Telegram, or social media promising high returns.
• Secure Accounts: Use strong passwords, enable two-factor authentication (2FA), and avoid sharing private keys or sensitive information.
• Research Reviews: Check platforms like Trustpilot, WikiBit, or Forex Peace Army for user experiences before trading.
• Monitor Transactions: Regularly check account activity and withdraw funds promptly to minimize exposure to freezes.
• Report Issues: If funds are frozen or withdrawals are denied, report to authorities like the FTC (US) or local financial regulators. Summary: Users must exercise extreme caution, verify claims independently, and prioritize platforms with stronger regulatory oversight.

11. Potential Brand Confusion ¶

• Similar Domains: Domains like vip-orangex.cyou and affiliates.orangex.com raise concerns. Vip-orangex.cyou is flagged as a high-risk scam with a low safety score, recently registered, and lacking transparency. Affiliates.orangex.com is rated as safe but uses iframes, which could introduce risks. These domains could confuse users or be used for phishing.
• Brand Similarity: The name “OrangeX” is similar to other platforms (e.g., Orange Business, orangex.cc), which may cause confusion. Orangex.cc is explicitly linked to scam allegations, potentially tarnishing OrangeX’s reputation.
• Marketing Tactics: Aggressive outreach via social media or WhatsApp, often directing users to similar-sounding domains, increases the risk of users interacting with fraudulent sites. Summary: The presence of similar domains and aggressive marketing tactics heightens the risk of brand confusion, potentially leading users to scam sites.

12. Overall Assessment ¶

OrangeX presents a mixed profile with significant risks outweighing its claimed benefits:

• Strengths: Long-standing domain, valid SSL, claimed security measures (1,000 BTC insurance fund, multi-signature wallets), and a user-friendly interface for beginners.
• Weaknesses: Lack of valid regulation, widespread user complaints about withdrawals and account freezes, concealed ownership, unresponsive customer support, and potential links to suspicious sites.
• Risk Level: High. The combination of unregulated operations, scam allegations, and operational red flags makes OrangeX a risky platform for trading.
• Recommendation: Avoid using OrangeX until it secures valid regulatory oversight and resolves user complaints. Opt for regulated exchanges with stronger reputations (e.g., Binance, Coinbase) for safer trading. Final Note: Always conduct thorough due diligence before engaging with any cryptocurrency platform. The crypto industry is prone to scams, and OrangeX’s current profile suggests it may not be a trustworthy option. If you need further analysis or specific details, please let me know!