Forex Orfinex Broker Review

Performance Matrix

Main Score & Risk Matrix

N/A

Score

1.5

Very Poor

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

License 1.7

Business 1.0

Risk Control 1.3

Software 2.0

Regulatory 1.5

Terminal Snapshot

Orfinex Trading Conditions

Registered Region Saint Vincent and the Grenadines

Operating Period 2-5 years

Minimum Deposit $100

Spread N/A

Licenses N/A

Contact Email support@orfinex.com

Contact Number +18335300055

Website orfinexprime.com

Balanced Review

Pros & Cons

Pros

Operates on MetaTrader 5 (MT5) platform
Offers over 500 forex pairs and metals CFDs
Variety of account types catering to different trader needs
Competitive trading conditions with low minimum deposit
Multiple customer support channels including live chat and phone

Cons

No regulatory authority oversight
Absence of fund protection measures
Reports of withdrawal difficulties
Limited educational resources for traders
Potential risks associated with trading environment

Compliance Desk

Regulatory Licenses

0.0/10

No structured regulatory license cards have been configured yet.

Peer Benchmark

Broker Comparison

Feature	Orfinex	Anzo Capital	Focus Markets	AvaTrade
Operating Period	2-5 years	See review	See review	See review
Region	Saint Vincent and the Grenadines	See review	See review	See review
Minimum Deposit	$100	See review	See review	See review
Spread	N/A	See review	See review	See review
Trust Score	1.5/10	See review	See review	See review

Product Fit

Account Types

What Account Types and Fees Does Orfinex Offer?

Account Type	Target User Group	Essential Characteristics	Applicability Notes
Classic Account	Beginners or traders who prefer lower initial investment amounts	Low minimum deposit	Suitable for small-capital practice
Premium Account	More experienced traders willing to invest a larger amount	Higher leverage, better spreads	Requires a minimum deposit of $1,000
ECN Account	Professional traders requiring direct market access	Competitive spreads, efficient execution	Minimum deposit of $5,000 required
Islamic Account	Traders adhering to Islamic principles	Swap-free trading	Available for eligible traders
VIP Elite Account	High-volume traders seeking an enhanced trading experience	Lowest commission fees	Designed for experienced traders
Demo Account	New traders wanting to practice	Simulates real market conditions	Available to all users

Account Opening Process

To open an account with Orfinex, traders must submit personal, employment, and financial information. This includes providing identity verification documents, such as an ID and proof of address. The account opening process is structured to ensure compliance and can be flexible, allowing users to upgrade to a professional account later if desired.

Trading Fees

Product	Spread (pips)	Commission	Notes
Forex (Major Pairs)	1.0	$0 (Classic account)	Tight spreads for majors
Forex (Minor Pairs)	1.5	$0	Competitive pricing
CFDs (Stocks, Indices, Commodities)	Varies	$2 per trade (Premium account)	Varies by asset
Cryptocurrencies	1.0%	0.1%	Variable depending on volatility

Other Fees

Orfinex may charge additional fees, including deposit and withdrawal fees, inactivity fees, platform usage fees, overnight interest (swap rates), and currency conversion fees. Traders should review these potential costs to understand the overall expense of trading on the platform.

Editorial Verdict

Expert Verdict

R

Research Desk

Senior Broker Analyst

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

Funding Desk

Deposit & Withdrawal Methods

No structured payment methods have been configured yet.

Trader Feedback

Orfinex User Reviews

3.0

★ ★ ★ ★ ★

4 total reviews

5 star

4%

4 star

4%

3 star

4%

2 star

20%

1 star

60%

Andre Hodge

United Kingdom

★ ★ ★ ★ ★

I am very much satisfied with Orfinex. They have a very good trading execution and their support team has been incredibly helpful when I needed assistance with my account. The platform is smooth, and I have never faced any issues with withdrawals. Highly recommend this broker, especially for beginners looking for a reliable starting point.

Cathy742

United States

★ ★ ★ ★ ★

My experience with Orfinex has been mostly positive. The trading conditions are straightforward, and I appreciate the range of account types they offer. Customer support has been responsive, but I did encounter some delays with withdrawals during peak times. Overall, a solid choice for trading.

小扬哥

Hong Kong

★ ★ ★ ★ ★

I have been unable to withdraw my funds from Orfinex for several weeks now. Despite reaching out to customer support multiple times, I have received little help. This has been a frustrating experience, and I am concerned about the legitimacy of the platform.

Eitc

Hong Kong

★ ★ ★ ★ ★

Using Orfinex has been a nightmare. I deposited money but have been unable to withdraw anything. The support team is unresponsive, and I feel like I’ve been scammed. I would advise anyone considering this broker to think twice before investing.

Saint Vincent and the Grenadines Market