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Is OrcaraGold Exclusive compliant? Is it a scam?

TraderKnows
TraderKnows
10-29

Explore OrcaraGold Exclusive, a new Thai broker offering CFDs and metals. Despite NFA claims, it lacks evidence and has low traffic. Investors should exercise caution.

OrcaraGold Exclusive is a broker founded in 2023, headquartered in Thailand. Its trading products include: CFD, precious metals, virtual currencies, energy, stocks and indices. The official website is available in English and Thai. The minimum deposit of OrcaraGold Exclusive is ten US dollars, the leverage range is 1:200 to 1:1000, and the spread range is from 1.5 to 3.8 points.

Company Background and Regulatory Information of OrcaraGold Exclusive | Is It Really Reliable?

Website Registration Time of OrcaraGold Exclusive

According to Whois information, OrcaraGold Exclusive's website was only registered in October 2023. This is really a "freshly baked" platform. New companies that have just emerged always make people a little worried about whether they are reliable, after all, there is no historical record to prove their credibility. The short registration time also shows to some extent that OrcaraGold Exclusive has no operating experience.

Website Registration Time of OrcaraGold Exclusive

Company Background of OrcaraGold Exclusive

OrcaraGold Exclusive is registered in Saint Vincent and the Grenadines. While this place might conjure images of palm trees, beaches, and sunshine—an ideal vacation spot—its regulatory reputation is somewhat lacking. Although you can find OrcaraGold Exclusive registration information on the Financial Services Authority (SVGFSA) of Saint Vincent and the Grenadines, this does not mean it is subjected to rigorous regulation. Known for its lenient registration policies, simple procedures, and low costs, it's no wonder many companies choose to "settle" here. However, this leniency also suggests that investors' funds are not well-protected, and the platform's compliance is questionable.

Company Background of OrcaraGold Exclusive

To put it bluntly, registering here is more like a formality than being truly regulated. So, did OrcaraGold Exclusive choose this place just to avoid those strict regulatory rules?

Company Background of OrcaraGold Exclusive

Regulatory Information of OrcaraGold Exclusive

OrcaraGold Exclusive claims to be regulated by the NFA (National Futures Association of the U.S.) and even posted an NFA ID at the bottom of the official website, trying to give everyone the illusion that "I am compliant." But after a careful check, we found that we could not find any information on the NFA official website using this NFA ID. In other words, this platform is not regulated by the NFA at all, and this ID is probably just made up.

Claimed Regulation by NFA (National Futures Association)

What does unregulated mean? It means that once a problem occurs, investors' funds are not protected and there is no regulatory agency to help you defend your rights. You should know that formal platforms are strictly regulated to ensure the safety of customer funds, but OrcaraGold Exclusive did this, which shows that it has big problems in transparency and credibility. Therefore, investors, if you encounter such a platform where you can't find regulatory information, you should be more careful!

Lack of NFA Regulation

Website Traffic of OrcaraGold Exclusive

According to Ahrefs, OrcaraGold Exclusive's website traffic is quite scarce. All this scarce traffic comes from Thailand, which makes people wonder: Is this so-called "international platform" only active in Thailand? How can a formal platform with international influence have all its traffic concentrated in one country? This is really unreasonable.

Judging from the traffic performance, the platform's popularity and popularity are quite low. This also reflects people's lack of trust in it. After all, if it is reliable, it should be visited by users from all over the world, not just in one place. This kind of traffic distribution really makes people doubt how wide its business scope is, or how much credibility it has.

Website Traffic of OrcaraGold Exclusive

Educational Resources of OrcaraGold Exclusive

There is a Help interface on the official website of OrcaraGold Exclusive, which is supposed to help users solve various problems at different stages. But interestingly, this Help page only lists possible problems, but does not provide any solutions or guidance. Not only that, the so-called "hot articles" on the Help page cannot be opened at all, so what should users see? This operation is really outrageous, and it is inevitable that people will doubt whether this page is just made up of templates, or even these so-called educational resources do not exist at all. How can a platform that can't even provide basic help really care about users?

Educational Resources of OrcaraGold Exclusive

In addition, the page of The Orcaragold Blog is even more exaggerated. All the buttons displayed below do not display any content at all. The so-called "educational resources" look like a decoration, and it is not even ruled out that these contents have never been prepared. Such a platform is really unreliable. If users expect to learn something here, they will probably be disappointed.

The Orcaragold Blog Page

Some Other Issues with OrcaraGold Exclusive's Website | What You Need to Know

OrcaraGold Exclusive claims to use MT5 (MetaTrader 5) trading software, which is a popular trading tool in the industry. But the problem is that the MT5 download link given on the official website of OrcaraGold Exclusive cannot be opened at all! In other words, users who want to trade on this platform cannot even download the software, which is really a "wonderful" experience. How can people trust a platform that cannot even open the link of the trading software? Does this mean that the platform's promise is just a cover? Or does it have no trading system with formal channels at all? In short, OrcaraGold Exclusive's "mistakes" in these basic functions are really disappointing, which makes it look more like a shoddy scam than a real trading platform.

Conclusion

As a newly established platform, OrcaraGold Exclusive has too many problems, from false regulatory statements, loose registration places, scarce traffic to the lack of educational resources and basic functions, all of which indicate that the credibility of this platform is extremely low. In particular, their so-called regulatory information cannot be verified, the trading software download link cannot be opened, and even the most basic help page is blank, which obviously cannot provide any real support and service to users.

For investors, it is crucial to choose a safe, transparent and well-regulated platform, and OrcaraGold Exclusive does not meet the standards in these aspects. Investors should be cautious and choose platforms with reliable records and strict supervision to ensure the safety of their funds.

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Risk Warning and Disclaimer

The market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.

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