Orfinex review – is orfinex.com a scam or safe?

Orfinex review – is orfinex.com a scam or safe?


Orfinex Key Facts

🔴 Orfinex offers questionable investment opportunities – a clear sign of a scam!

🔴 Orfinex fakes crucial contact information – beware!

🔴 Orfinex lacks the appropriate license for the provision of its services – a huge red flag!

🔴 Orfinex's domain has been registered quite  recently – another off-putting detail!

Orfinex products and services

There are many companies out there that claim to provide incredible returns on investment plans, while just seeking to gather as many deposits as possible. Orfinex is yet another installment of that scheme and it is only distinct in how outrageous its claims to profitability are – upwards of 180% of return rate on its most modest investment plan. This is clearly not possible.

People should always be cautious when dealing with businesses offering enormously high yields because it's scammers' trait to promise big and create unrealistic expectations. In reality, regulated financial companies cannot secure more than a few percents annually with their fixed-income products. There is a huge discrepancy between these offers and the regulated companies standards. Judging by the products and services they sell, we suspect it's a scam, so beware.

Orfinex company and regulation

Orfinex is not licensed by anyone. It does not provide us with a license, or a certificate to prove the opposite to be true, so we can only assume it to be operating without any regulatory oversight.

The US financial services regulation is very complex in the USA. Derivatives markets regulation is a responsibility of CFTC and NFA. Forex brokers and most of the investments companies have to be NFA members and CFTC registered to operate in the USA. On the other hand, securities markets are controlled by the SEC, a government independent agency responsible to maintain the integrity of the financial markets.

While SEC focuses more on the procedure regulation insisting on financial reports and management discussion and analysis, NFA and CFTC impose pretty straightforward requirements. To become authorised the companies have to provide 20 million USD in paid-up capital, which is considered a guarantee that the businesses can survive in turbulent times and pay whenever they have to. 

Other customer protection measures include clients’ accounts segregation and leverage restrictions for forex brokers- 1:50. Also, CFTC brokers’ clients are not allowed hedging, which is one of the very unique US features. Unfortunately, the cryptocurrencies regulation is still inept, so traders and investors should be wary when dealing with crypto offers.

Orfinex address and contacts

Orfinex provides us with the following address: 9 Sandy Lane Chippenham Wiltshire United Kingdom SN15 2PZ. However, we cannot assume the broker to be operating in the UK without a proper license – as we stated above, this is not something that Orfinex provides at all. It has also listed +44 7418 457086 as its phone number – but again, without confirmation from a license, this claim is not really substantial, since it is quite easy to generate as many fake phone numbers as one wishes.

Transparency is crucial when talking about brokers and investment companies, and it's part of the regulatory framework. The regulated companies are open to financial authorities following certain transparency rules, so it's generally unlikely to conduct fraudulent activities. They are also bound to provide the public with crucial information about themselves, making it easy for traders and investors to confirm the company's legitimacy.

Orfinex website info

Orfinex operates on a domain that has been registered in October last year – a bit over 5 months ago, yet on its website the company claims to have operated for 4 years.

What's more, that website is registered on this IP address – The States address co-hosts 419 other websites, none of which related to Orfinex as far as we could tell.

The website is incredibly unpopular, with SimilarWeb showing no entry for it – a clear sign we are dealing with a scam.

Finally, the owners of the website have shielded themselves from WhoIs lookups – and while that is common practice, we expect more from an investment company like the one Orfinex claims to be.

Scam warning

We paid utmost attention to the regulation and transparency in the sections above because it’s mandatory for trading and investments. Pretty much each company offering financial services have to be authorised by the local financial authority. 

However, some entities operate unlicensed and intentionally run investment fraud. It would be best if you only dealt with companies authorised by the regulators, so always check to make sure they are. Bear in mind that if you trade with unauthorised businesses, you won’t be protected, so it’s very likely to suffer losses almost impossible to recover if things go wrong.

Online scam is trending nowadays with fraudulent websites popping up literally every day. The financial authorities increase the number of warnings issued year after year, but the dangers are still out there and growing exponentially. You’ll realise the hazards when you consider OneCoin scam- it’s still impossible to calculate the total loss, but it’s regarded as 15 billion worth fraud. Make sure to trade with licensed and regulated companies to avoid off-putting losses.

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