BrokersView
Search
Download
English
Sign In

Orcal Group

Save

Operating status: SCAM

Website: https://orcal-group.com/

Broker violations and abnormal records
  • 2023-11-29 The UK FCA issued a Warning against Orcal Group

    On 27 November 2023, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that Orcal Group was providing financial services or products in the UK without authorisation. You may visit: https://www.fca.org.uk/news/warnings/orcal-group-https-orcal-groupcom

    On 27 November 2023, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that Orcal Group was providing financial services or products in the UK without authorisation. You may visit: https://www.fca.org.uk/news/warnings/orcal-group-https-orcal-groupcom
  • 2023-11-29 BrokersView has Reviewed that ​Orcal Group is an Unregulated Broker

    According to its website, it is located in the Switzerland, however, upon investigation, no matching information was found in the Swiss Financial Market Supervisory Authority (FINMA).

    In addition, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that Orcal Group was providing financial services or products in the UK without authorisation.

    The truth is that Orcal Group is not regulated by any regulators. Letting it hold or control investors' money is unsafe and the money can not be protected by any laws.

    Therefore, Orcal Group is a scam.

    According to its website, it is located in the Switzerland, however, upon investigation, no matching information was found in the Swiss Financial Market Supervisory Authority (FINMA).In addition, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that Orcal Group was providing financial services or products in the UK without authorisation.The truth is that Orcal Group is not regulated by any regulators. Letting it hold or control investors' money is unsafe and the money can not be protected by any laws.Therefore, Orcal Group is a scam.

Related Complaints

Q&A

Is Orcal Group located in the UK?

Judith May
Botswana
2023-12-12
ANSWER No, Orcal Group claims to be located in Switzerland. However, it is strange that it provides a UK phone number as its hotline. More importantly, we strongly suggest you avoid engaging with Orcal Group, as it is an unlicensed trading platform, posing significant risks to investors.There are no indications that Orcal Group is registered with the Swiss Financial Market Supervisory Authority (FINMA) and the Financial Conduct Authority (FCA). This platform hasn't provided any information about its regulatory status. This absence of the required authorization is a red flag for a potential scam. Furthermore, it has received a warning from the FCA for its carrying out unlicensed financial activities in the UK. All these findings point to its poor credibility, suggesting its potential intention to defraud.As such, trading with Orcal Group could lead to the risks of fraud and identity theft. Investors are strongly advised to avoid Orcal Group and other unlicensed brokers. To mitigate such substantial risks, it is recommended to choose fully regulated brokers that have solid reputations.
See more

comments

Be the first to review.
Rate and Review

Your review

App Store

Google Play

Company Shop Application About Us Our Methodology Privacy Policy Contact Us

Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

Disclaimer:

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.