Orobanc.com review – 5 things you should know about orobanc.com

Orobanc.com review – 5 things you should know about orobanc.com

Beware! Orobanc.com is an offshore broker! Your investment may be at risk.

RECOMMENDED FOREX BROKERS

IG USForex.com

Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.

 

Orobanc.com gives us no unique features, no significant improvements, no fertile trading grounds. This broker is a rehash of thousands of scammer brokers, and we wouldn’t be surprised if, in the future, we see a blatant copy of the broker, if we have not yet seen one, as a part of our past reviews. Anyway, Orobanc.com is what it is, which isn’t much. This company is definitely unregulated and most certainly an investment scam. It took us less that a couple of seconds to realize this- that’s how bad Orobanc.com , really is. As always, we ask our readers to first go through the review before acting in an impulsive manner and regret it later.

Registering is crucial with shady brokers, and you could have guessed our disappointment when the broker never sent over a confirmation mail, thus blocking us from accessing a user area. This might be because it does not consider us as a potential depositor, a move reserved only to scammer brokers.

This means that all of the following trading and payment information will be taken from the website. Orobanc.com’s website is not trustworthy and thus users should not take the following details too seriously.

With that said, the website is empty of any trading info. Ironic, we know, but it is what it is. There are no revealed spreads, leverages, or tradeable assets. This is very suspicious, without a doubt, and is another sign of the company’s irregular status.

The website of the broker is available in English and Italian.

OROBANC.COM REGULATION AND SAFETY OF FUNDS

The company address locates the broker in the UK, meaning that Orobanc.com is licensed by the FCA. This would be the perfect scenario, but in the case of Orobanc.com it remains a scenario. The FCA would never regulate such a broker! The broker does not even cover a fraction of the minimum requirements set by the FCA, as well as all major regulators.

The brokerage is also blacklisted by CONSOB, Italy’s FX broker regulator. This is a serious red card, and is a clear indication of just how unfovarble this broker really is.

AnyDesk is also present. This is another clear mark of the scammer broker. This software allows a user of a PC or laptop to give direct acces of said computer to any other user of AnyDesk. The second user is essentially granted full access to user number 1’s files, history, password, and usernames. Never allow an unregulated broker to convince you to grant it access via AnyDesk (or TeamViewer!).

There is no other info pool to work with, but it’s fine. It didn’t take us too long to conclude that Orobanc.com is UNREGULATED and a complete scam, making it a risk to all investors!

Better to invest in an FCA or CySEC regulated broker than throwing it to a scammer/unlicensed broker that will spend it on its own indulgences. Unregulated brokers will not return your funds, and users of these companies will face other issues! That is why we always say to readers that they should always check and double-check for a legitimate license. The FCA or CySEC are preferable regulations, but there are dozens of other equally capable regulators. Check our list for all of them. Crucially, though some FX watchdogs offer compensation schemes that apply to users of brokers that cannot deliver their financial duties. For example, CySEC guarantees up to €20 000 per person, while the FCA guarantees up to £85 000.

OROBANC.COM TRADING SOFTWARE

Following in the footsteps of the missing regulatory and trading details, we now have another issue on our hands. This time, there is no link to a trading platform, and seeing that we could not access the user area, we have no proof of the existence of a trading terminal.

OROBANC.COM DEPOSIT/WITHDRAW METHODS AND FEES

€250 is the minimum deposit requirement as per the website. We find no specific details on payment methods. The legal docs mention credit/debit cards, wire transfer, and some e-wallets, but we cannot be certain. There just isn’t enough evidence in support of these payment methods!

According to the withdrawal policy, the typical withdrawal processing time is up to 5 days. The document also clearly asserts that there are fees, but it never reveals more than that! Again, these cannot be fully trusted. Nothing can!

To conclude this review, we have nothing else to add. All we can do is repeat ourselves: do not invest here!

How does the scam work?

The crucial moment for scammers happens when a random user decides to click on an ad that promises high profit, luxury goods, a care-free lifestyle, or any other too-goo-to-bee-true prospect.

Said user will be redirected either to the scammer investments site directly or to an intermediary site. There, she will be asked for her phone number and email address, through which the broker’s representatives will contact her. The goal is for the user to deposit the initial deposit.

Once this happens, in come the expert scammers, whose job is to keep the user as invested in the scam as possible, by initiating further deposits and, if possible, extracting sensitive ID documents.

At some point, the user will want to see results. She might see a couple of impressive profit sessions, but these are devices to keep her invested. The crucial part arrives when the client want’s to actually withdraw this money.

At this time, the broker will delay the request, block the account, stop calling the user, shit down the website, or do whatever it can so as to keep the user’s money for itself!

What to do if scammed?

Filling for a chargeback with your credit or debit card is crucial. That is if you have invested by means of a credit card. The good news is that MasterCard and VISA have a chargeback period of 540 days.

Bank deposits are harder to recuperate, but not impossible. Your best bet is to contact the bank and see with the institution itself if it can somehow get the money back. It’s crucial to always change your bank details – user name and password – if you have been defrauded by means of a wire transfer.

Last are deposits made by some kind of crypto method. These are untraceable, and therefore impossible to retrieve. That is why users should never invest by means of any digital currency.

The last line is the recovery agent or agencies. These promise to retrieve all the lost funds, using questionable techniques. Do not trust these for they will take a commission from you and leave you at an even bigger loss!

Rich Snippet Data
Review Date
Reviewed Broker
Orobanc.com
Broker Rating
11stargraygraygraygray

Top Forex Brokers

BrokerCountryRatingMin. DepositWebsite
US5/5$50 Click for a special offerWebsite
USA5/5$250 Click for a special offerWebsite
UK, Cyprus, Belize4.94/5$5 Click for a special offerWebsite
Australia, Cyprus4.93/5$100 Click for a special offerWebsite
UK, Australia4.85/5$50 Click for a special offerWebsite
Cyprus, SVG4.8/5$100 Click for a special offerWebsite

Leave a Reply

Your email address will not be published. Required fields are marked *