The Official Website Of ORKAN FX Cannot Be Accessed Normally At Present. The Company Seems To Have Closed Down. Therefore We Can Only Collect Some Relevant Information For Reference Only.
2022-07-01 France AMF Adds ORKAN FX To The Warning List
On July 1, 2022, The French Financial Marekt Authority (AMF) Issued A Warning That ORKAN FX Provides Foreign Exchange Services In France Without Authorization. You Can Visit The Following Website For Details: Https://www.amf-france.org/en/warnings/warnings-and-blacklists?conditions%5Bcategorie%5D=224.page=0.sort%5Bfield%5D=date.sort% 5Bsort% 5D = DESC
2022-07-05 We Have Confirmed After Review That ORKAN FX Is An Unregulated Forex Broker
ORKAN FX Claims To Have At Least 6 Years Of Industry Experience In The Trading Market. However, When We Checked Its Domain Name And Found That The Website Was Actually Created On March 4, 2022, So Where Did This 6 Years Of Experience Come From? This Is A Red Flag.
ORKAN FX Also Claims That Its Company Headquarters Are Located In The UK. Under UK Law, All Companies And Individuals Offering, Promoting Or Selling Financial Services Or Products In The UK Are Required To Obtain Authorisation Or Business Registration From The UK Financial Conduct Authority (FCA). However, We Did Not Find Any Results In The FCA That Matched This Trader.
More Importantly, The French Financial Marekt Trading Authority (FMA) Has Issued A Warning That ORKAN FX Is Not Authorised To Provide Foreign Exchange Services And Products In France.
This Means That ORKAN FX Is Not Regulated By Any Regulatory Authority. It Is Not Safe To Have This Trader Hold Or Control Investor Funds And Investors Cannot Be Protected By Any Law. It Is A Fake Trader.
Since There Is No Access To This Broker's Website At This Time, We Are Also Unable To Obtain More And More Direct Details About Its Trading Assets, Leverage, Spreads, Trading Platform, Minimum Deposit, Etc.
As For Regulation, It Has Been Verified That ORKAN FX Has Not Obtained Any Valid License At Present.
But Most Brokers That Are Not Compliant Will Not Disclose To Provide Other More Direct And Truthful Contact Information, Such As Phone Number Or Company Address.
Note: ORKAN FX As A, Unregulated Broker, Which Means That Clients' Investments May Not Be Adequately Protected. Due To The Lack Of A Regulator To Hold Companies Accountable, The Lack Of Regulation Increases The Risk Of Potential Financial Losses.
If You Invest In An Unregulated Broker, They Are Likely To Run Away With Your Hard-earned Money Without Any Recourse. Therefore, Investors Must Be Extremely Cautious And Remind Everyone To Stay Away From These Unregulated Brokers As Much As Possible When Choosing A Broker.
