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Why is Orbisfx a scam?

Started by Admin, Mar 30, 2023, 05:49 PM

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Topic keywords [SEO] scammersOrbisfx

Admin

We will look at all of the basic criteria a good broker must meet and at the same time see if Orbisfx meets these criteria.

Regulation. A decent broker must be regulated by a recognised authority in the region in which they operate. This ensures that they follow clearly established guidelines and schemes to ensure the safety of their traders' money. The main reason why brokerage firms are required to be regulated is to protect clients. Regulators formulate rules and guidelines that brokers must adhere to, such as reporting requirements, sufficient financial resources and adherence to established requirements. Such oversight provides an opportunity to prevent criminal acts, poor performance and criminal behaviour that could lead to the loss of investors' assets.
Orbisfx is not supervised by anyone.

Why is regulation necessary and if Orbisfx has no regulation is it risky to work with a broker? Regulation of brokers also helps to keep the market sustainable. Brokerage firms are an integral part of the stock market and any other market system and their operation can have a significant impact on the market as a whole. By regulating the functioning of brokerage firms, supervisory institutions can ensure the fairness and transparency of the market, which is necessary to keep traders calm.

In addition, regulatory institutions impose strict anti-money laundering (AML) and counter-terrorist financing (CTF) regulations that brokers must comply with. These regulations require brokerage firms to know the identity of their clients, send information about suspicious activity and keep records of transactions. By enforcing these regulations, supervisors can prevent criminal activity and protect the integrity of the financial system. We think you would agree that it would not be very cool if you invest through Orbisfx or any other broker and it turns out to be involved in such things.

Control of brokerage firms also ensures fair and transparent trading. Regulatory institutions impose rules to ensure that brokers execute trades for the benefit of their investors and do not engage in illegal schemes such as outperformance trading, insider trading or market manipulation.

Controlled brokers give traders confidence and peace of mind that their resources are being managed correctly. Investors can have peace of mind that their broker is acting in accordance with the established rules and that they will have the option of going to court in the event of any kind of dispute. Nothing is known about the qualifications of the analysts at the forex broker Orbisfx and there is no reason to believe that they are competent, as they have not been tested.

Orbisfx trading platform


On top of this, it is important for any broker to have an advanced forex trading platform as the platform is the main tool used by clients to access the financial markets and complete transactions. A quality trading platform should be trader-friendly, reliable and provide a range of options which enable customers to analyse the market, manage their assets and conduct transactions quickly and efficiently.

Here are three reasons why a well designed trading platform is important to the client:

User experience. A quality trading platform should provide a user interface that is comfortable and intuitive. Traders must be able to easily navigate the platform and have access to the information they need. A poorly designed platform with glitches and technical problems can result in clients losing money, which can tarnish a broker's reputation.