WikiFX Broker Assessment Series | Oroku Edge: Is It Trustworthy?

In this article, we will conduct a comprehensive examination of Oroku Edge, delving into its key features, fees, safety measures, deposit and withdrawal options, trading platform, and customer service. WikiFX endeavours to provide you with the essential information required to make an informed decision about utilizing this platform.

Background:

Founded in 2021 and headquartered in Saint Vincent and the Grenadines, Oroku Edge operates as an online brokerage specializing in trading exchanged CFDs.

Oroku Edge offers a variety of financial instruments for trading, including currency pairs, precious metals, global indices, energy products, and cryptocurrencies.

Additionally, Oroku Edge offers a copy trading service through its Copytrade Standard Account, enabling money managers and traders to improve efficiency, profitability, and generate passive income through copy trading.

The official website of Oroku Edge is https://www.orokuedgemarkets.com/. Currently, the website only supports English, which may cause inconvenience for users from non-English savvy users.

At present, Oroku Edge only accepts clients from Asia & Pacific confederation specifically from South East Asia. Oroku Edge does not provide services to residents of the Americas region, Arab states, CIS countries, and European nations.

Types of Accounts:

Oroku Edge offers four account options: the Prime Account, the Flex Bonus Account, the ECN Account, and the Raw Account. Swap-free Islamic Account is also available for each account type. Please refer to the attached image below for detailed information on each corresponding account.

Deposits and Withdrawals:

Oroku Edge offers a limited selection of deposit and withdrawal methods, including online banking options such as Surepay and Help2Pay, as well as local depositors like RBY Resources and Tasma Network. However, it's worth noting that WikiFX suggests that a reputable broker typically offers a broader range of established options, such as Visa and Mastercard.

While Oroku Edge states that client funds are securely held in a Tier 1 Bank, there is a lack of further information or evidence provided to substantiate this claim.

Oroku Edge enforces minimum requirements for both deposit and withdrawal transactions. Clients have the option to make deposits 24/7, with a minimum amount of $10 per transaction, utilizing online banking or local depositors. For withdrawal requests, a minimum amount of $11.37 is required, using the initial deposit method through online banking or local depositors. Oroku Edge asserts that withdrawal requests will be processed within 24 working hours.

Trading Platforms:

Oroku Edge exclusively offers the renowned MetaTrader (MT4) trading platform as its sole option. The MT4 platform, accessible on PC, mobile, and web, is widely utilized across the industry for its advanced features. It provides a comprehensive suite of tools for precise trading analysis, including one-click trading, quick order execution, VPS hosting, and up to four pending order types, alongside trailing stops. The platform offers a highly customizable interface with thousands of online tools available for integration. Additionally, it supports fully customizable and in-depth charts, detailed trading history, and allows users to create or import Expert Advisors (EAs) for automating trading strategies.

Research and Education:

Oroku Edge's official website does not offer information on research and educational resources.

Customer Service:

Oroku Edge provides customer service support through email at support@orokuedge.com and the Website Live Chat. However, there is no available information regarding foreign language support. No direct contact number is provided to reach Oroku Edge directly. The address stated on the website is First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines.

As mentioned earlier, the official website of Oroku Edge only supports English, which may inconvenience users who are not proficient in the language.

Conclusion:

To summarize, here's WikiFX's final verdict:

WikiFX, a global forex broker regulatory platform, has assigned Oroku Edge a WikiScore of 6.54 out of 10.

Upon examining Oroku Edge‘s license, WikiFX found that the broker is only registered with the United States’ National Futures Association.

In light of the various shortcomings mentioned earlier, WikiFX urges our users to consider opting for another broker with a higher WikiScore to ensure better protection and trading experience.