Ortega Capital is allegedly a broker that puts significant effort into providing the proper safety of funds. Lead by the idea of security being their paramount focus, this firm claims to offer fund segregation, data protection and deep liquidity.
Apparently the Malaysian financial authority doesn’t agree with that. Ortega Capital review discusses the actual state of things, licenses in question and risks present.
The license that Ortega Capital owns doesn’t guarantee much in terms of funds safety and customer protection programmes. Especially compared to the legislation imposed by the leading financial authorities like FCA, ASIC, NFA, CySEC, BaFin and others that implement AML measures, compensation funds, and risk-reduction rules. All in all, the LFSA license isn’t enough to fully trust this firm with your funds.
If a broker wishes to establish their user base, they have to market their offer as effectively as possible.
One of the common ways to do that is employ the phone agents and social network promoters that contact potential customers. Sometimes overly persistent to the point of being obnoxious, these agents try every method conceivable to convince you to invest.
While Ortega Capital claims to be founded in 2009, the company only made their first online footprint in 2014. Dating the company was particularly difficult due to the complicated license and registration environment.
Ortega Capital finds their main client base in these nations:
If this broker gives you any trouble with withdrawals, contact our chargeback professionals.
The advertised Ortega Capital platform should be the globally famous and appreciated MetaTrader 4. Albeit the brokers claims about its prestigious features, no access was possible. At least not without the Referral code that is required upon the Ortega Capital login creation.
For a company that claims to be operating for a long time and service tens of thousands of clients, this is a rather small number.
The available Ortega Capital instrument classes are listed as following:
Ortega Capital is not transparent about their trading account types. There is no information about account types, and the company doesn’t say anything about minimum trading deposits.
The broker makes a bold claim that their professionally managed accounts have a 100% success rating, which is borderline impossible. Their website makes no mention of any demo.
The website presentation doesn’t exactly reveal what trading costs and commissions await you here. No trader could feel comfortable with just claims about the tightest spreads on the market and opposing claims about low commission or no fees at all.
Ortega Capital offers a client referral program for additional income. Each referral grants $25 of trading assets to both the referrer and the new clients.
It is evident that Ortega Capital heavily relies on client referrals, but the company doesn’t clearly outline their policies in this matter.
Since Ortega Capital is only operating under a loose regulatory license, they do not show the necessary transparency relating to money transfers. Except for several statements in the Terms and Conditions doc, there’s no other information about what are the exact fees that the company applies during transfers.
Perhaps exploring the user area would bring more information, but only hand-picked customers can do that while the general public is left uninformed. For that reason, we recommend caution and a better choice for a broker dealer.
Ortega Capital is a forex broker with conflicting licensing information. While the company is regulated by FSA Labuan, it is simultaneously on the Malaysian MAS blacklist. This brings Ortega Capital into a unique legal gray zone, and their SVG registration doesn’t help to clear the doubts.
Many such firms are known to abuse their business associates, and may not be providing their services in good faith. If you need help with any issues with Ortega Capital withdrawal, book a consultation with our legal experts.
Yes, the firm is regulated by the Labuan FSA. Loose regulation could cause withdrawal issues and you’re advised to contact us immediately in that case.
MT4 for desktop and a proprietary mobile app are allegedly available but not both could be confirmed.
The broker doesn’t discuss the possibility of trial trading.
Several asset groups available are Forex, Metals, CFDs on Indices, CFDs on Commodities and Energies.
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