Established In 2023, Oron Limited Is A Broker Registered In Saint Lucia Offering Services Such As Forex, Cryptocurrencies, Indices, Stocks, Energy And Commodities. Oron Limited Offers Three Types Of Accounts With A Minimum Deposit Of Only 20 Dollars For Micro Accounts And Leverage Of Up To 1:500. However, The Broker Is Not Regulated By Any Regulatory Authority.
Pros And Cons
Pros: Diverse Tradable Assets, Offer Of Micro Accounts, Multiple Account Types, MT5 Trading Platform, Low Minimum Deposit, Multiple Payment Methods
Cons: Unregulated, No Demo Accounts
Is Oron Limited Legal?
No, Oron Limited Does Not Have A Legal License, Which Puts You At High Risk. Therefore, You Should Think Carefully Before Trading With Such Unregulated Brokers.
What Can I Trade On Oron Limited?
Oron Limited Claims To Offer A Range Of Tradable Instruments, Including Forex, Cryptocurrencies, Indices, Stocks, Energy And Commodities.
Account Types
Oron Limited Offers Three Real Account Types: Micro Account, Standard Account And ECN Account. The Minimum Deposit Requirement For Micro Account Is Only 20 Dollars. In Contrast, A Standard Account Requires A Deposit Of $1,000, While An ECN Account Has A Higher Threshold, Set At $10,000.
Leverage
Oron Limited Offers A Maximum Leverage Ratio Of 1:500, Which Carries A High Level Of Risk In Trading. High Leverage Can Amplify Potential Profits, But It Also Amplifies The Risk Of Potential Losses. You Should Exercise Caution In The Face Of Such High Leverage, Especially When Working With Unregulated Brokers.
Spreads And Commissions
Spreads Vary Depending On The Account Type. For Micro And Standard Accounts, Spreads Are Not Particularly Competitive Within The Industry, At 1.5 Pips And 1 Pip Respectively. Fortunately, Both Account Types Are Commission-free. However, For ECN Accounts, Spreads Start From 0 Pips But A Commission Of 7 Dollars Per Side Is Charged Per Lot.
Trading Platform
Oron Limited Offers MetaTrader 5, A Professional Trading Platform With Advanced Charting Tools And Order Execution Options Accessible Via Web-based And Mobile Devices.
However, As Oron Limited Is Unregulated, We Still Recommend That You Choose A Legitimate Broker To Ensure Safe Trading.
Deposits And Withdrawals
Oron Limited Offers A Variety Of Payment Methods Including Telegraphic Transfers, Credit Card Transactions And More.
Each Payment Method Has Minimum Deposit Or Withdrawal Requirements, And Some May Also Incur Commissions.
