OrsbergNfts is a contract for difference (CFD) broker, with the domain registration for its official website trade.orsbergnfts.com scheduled on March 24, 2024. The platform claims to offer CFD trading services on various financial markets to investors, covering forex, cryptocurrencies, indices, commodities, stocks, and more.
Corporate Services
Account Opening
The steps to open an account with OrsbergNfts are as follows:
- Visit trade.orsbergnfts.com and click on the "Register" button at the top right corner to access the account application page.
- Fill in your name, email address, phone number, password, and other required information in the account application form. Once submitted, your account will be successfully created.
- After logging in, users must complete a comprehensive KYC verification process to start trading.
Trading Accounts
OrsbergNfts offers demo trading accounts and three types of real trading accounts: Optimum Account, Classic Account, and Pro Account. Each account type is available in both individual and corporate versions.
Optimum Account
- Spreads starting from 1.5 pips
- Maximum leverage of 1:1000
- Minimum trade size: 0.01 lots
- Cashback of up to $2 per side for each standard lot ($100,000)
- Execution method: NDD (No Dealing Desk), Market Execution
- Margin call / Stop-out level: 25% / 15%
- Forex CFDs: 36 currency pairs
- Additional CFDs: Indices, Precious Metals and Energy, Cryptocurrencies
- Try a demo account
Classic Account
- Spreads starting from 0.5 pips
- Minimum trade size: 0.01 lots
- Cashback of up to $2 per side for each standard lot ($100,000 nominal value)
- Execution method: NDD (No Dealing Desk), Market Execution
- Margin call / Stop-out level: 25% / 15%
- Forex CFDs: 36 currency pairs
- Additional CFDs: Indices, Precious Metals and Energy, Cryptocurrencies
- Try a demo account
Pro Account
- Minimum deposit: $100
- Spreads starting from 0 pips
- Standard commission: $3.5 per side for each standard lot ($100,000) traded. For high-volume traders, it reduces to $1.5 per side.
- Minimum trade size: 0.01 lots
- Leverage: Forex, Metals - up to 1:200
- Margin for hedged/locked positions: 50%
- Execution method: NDD (No Dealing Desk), Market Execution
- Margin call / Stop-out level: 25% / 15%
- Forex CFDs: 36 currency pairs
- Additional CFDs: Indices, Precious Metals and Energy, Cryptocurrencies, Stocks
- Allows any EA (Expert Advisor)
- Try a demo account
Trading Platform
OrsbergNfts claims to offer MT4 and MT5 trading platforms for users, including desktop and mobile versions.
However, only the web-based trading program is accessible via logging in on the official website. The website does not offer download links for MT4 and MT5, nor does the MT4/MT5 platform list this broker.
Deposit and Withdrawal Methods
OrsbergNfts' official website does not disclose its supported deposit and withdrawal methods. Clicking on "Deposits & Withdraw" on the website redirects users to the web-based trading program login page, and no specific deposit and withdrawal page exists.
Social Media and Contact Information
OrsbergNfts does not maintain social media accounts on platforms such as Facebook, Instagram, or Twitter. Users can only reach the broker for customer support via email.
Company Background and Regulation
Company Background
OrsbergNfts (also known as SwiftSwipes) claims to have been established in 2006 and operates under OrsbergNfts Limited. It claims to be one of the first forex brokers to offer commodity, index, and stock CFD trading. The broker claims to be regulated in several jurisdictions including Europe, Australia, Japan, the British Virgin Islands, the UAE, and South Africa, but does not disclose specific company registration information or valid regulatory licenses on its website.
Regulation Verification
Upon verification, the regulatory information provided on OrsbergNfts' website is false. Authorities such as the European Securities and Markets Authority (ESMA), the Australian Securities and Investments Commission (ASIC), the Financial Conduct Authority (FCA) in the UK, the Financial Services Agency (FSA) in Japan, the British Virgin Islands Financial Services Commission (BVIFSC), the Securities and Commodities Authority (SCA) in the UAE, and the Financial Sector Conduct Authority (FSCA) in South Africa do not list this broker.
Conclusion
Traderknows advises investors that OrsbergNfts lacks a legally registered company entity and effective regulation. Investors should carefully consider trading platforms that prioritize transparency and are regulated legally, to prevent financial loss and reduce investment risk.
