Ortegazak Review – Should You Trust Ortegazak.com Broker?
Ortegazak is an unregulated brand of Ortega Group Ltd. The broker posted the alleged registration number, but we could not find it in any register. Therefore, we suspect this firm might be a fraud. Read our review and get all the details.
|Unlicensed Scam Brokerage
|Blacklisted as a Scam by:
|Ortega Group Ltd
|Types of Assets:
|FX, commodities, indices, shares, cryptocurrencies
|Free Demo Account:
|Accepts US clients:
What About Ortegazak Regulation?
Ortegazak never disclosed legal jurisdiction or the company’s headquarters. We’ve checked several Tier1 registers trying to figure out if the firm is regulated and found nothing. The broker is not licensed by the FCA, ASIC, BaFin, or any other reputable licensing provider.
Why Must A Broker Have a License?
If you want to be sure that an investment firm will keep your funds safe and not manipulate you, finding a regulated broker is best. The license obligates Forex firms to act in a certain way and keep your funds in segregated accounts.
Since Ortegazak is not licensed, we do not recommend investing with this firm.
Traders Reviews About Ortegazak
If you check other reviews, posts, and comments, you will conclude that Ortegazak is not a legitimate firm. Many clients have experienced withdrawal issues and some can no longer access their accounts. It seems that this firm will intentionally block your account once you decide you want to get a payout.
What Platforms Does Ortegazak Offer? – Available Trade Software
Ortegazak offers the basic WebTrader, like many other scheme firms. These companies are aware that they’re not going to have long-term clients, so they don’t pay much attention to their software. All you can do via WebTrader is place a trade and check your trading history and balance.
Instead of dealing with bogus platforms, find a legitimate brokerage offering MT4 or MT5.
Countries Where Ortegazak Operates
Our review has shown that the broker trading scam is mainly active in:
- Dominican Republic
Ortegazak Range of Trading Instruments & Markets
Ortegazak provides its investors with the opportunity to invest in the following assets:
- Currency pairs
About Ortegazak Trading Conditions
The company is quite cryptic when it comes to trading conditions. Basic fees, spreads, and leverage are not disclosed, and there are no account types. Therefore, you don’t know upfront what the cost of trading with this firm will be. Knowing that it’s an unlicensed brokerage and many clients have already experienced withdrawal issues, we would advise you against investing with Ortegazak regardless of the trading conditions.
Ortegazak Withdrawal Methods
The trading company advertised several payment methods, including:
- Debit/credit cards
- Wire transfer
Besides, there is a clause preventing you from withdrawals. If you have accepted any bonuses, you will have to repay the bonus plus the initial deposit 40 times before being eligible for payout. So, it’s another way to keep your funds and extort more money so that you can reach this impossible rollover.
Scammed by Ortegazak Broker? – Let Us Hear Your Story
If you find yourself a victim of an Ortegazak broker, don’t hesitate to report it. Scammers feel confident in performing illicit activities since few people will fight it. Contact our chargeback specialists right away, and let’s start the recovery process.
But What Is A Chargeback?
This is a way for your bank to recover the funds from your payment provider. It’s important to act quickly, so let’s take the first step. Book a free consultation, and let’s start.
What Is Ortegazak?
Ortegazak is an online Forex and CFD trading provider without regulations.
Is Ortegazak a Scam Broker?
Ortegazak is an anonymous scheme firm without a license or any approval to provide financial services.
Is Ortegazak Available in the United States or the UK?
The broker is available in the UK but doesn’t operate in the US.
Does Ortegazak Offer a Demo Account?
No, Ortegazak doesn’t offer a Demo account; there are not even Live account types.