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Orca Investment Group Review | Is It a Scam or Legit Brokerage Firm?

by Kevin Berry
Rating: 
  1/5   Reviews: 3
Orca Investment Group - logo

Orca Investment Group, a brokerage firm, encourages traders with the motto “change the way you trade” and assures that “results will follow.” The company facilitates CFD trading with a leverage option, but falls short in holding the essential licenses for legal operation. Moreover, the founders of the firm did not bother to provide legal documents or specify an exact office address. Reviews are mixed and don’t paint a clear picture. Thus, the overarching question remains: is this entity a scam or a credible broker dedicated to ensuring safe brokerage services? Our mission is to unearth the truth.

Highlights

🏛️ Country St. Vincent and Grenadines
⚠️ Regulation
🖥️ Website https://orcaigroup.com/
🎲 Demo Account No
⏳ Start Time 2023
💲 Minimum Deposit $250
⚖️ Minimum and Maximum Leverage 1:100-1:400
⚙️ Trading Platform WebTrader
📨 E-mail support@orcaigroupservices.com
📞 Phone

First Impression of Orcaigroup.com

Upon accessing the official website, a picturesque scene from the foot of towering skyscrapers greets visitors, accompanied by the iconic Wall Street bull. Through that imagery, Orca Investment Group attempts to cast itself as a prominent and serious entity, positioning itself as a market professional that is starkly at odds with reality. The site is saturated with visuals: contemporary tech images, charts, cryptocurrency graphics, logos from Nasdaq, Google, Hugo Boss, and other renowned brands, as well as pictures of well-dressed individuals. While aiming to craft a facade of success, the approach feels rather generic and low-budget.

Orca Investment Group - site

Orca Investment Group’s website is peppered with motivational slogans designed to resonate with and inspire visitors, prompting them to register and invest. They’ve even inserted quotes from renowned figures in the trading world, Jack Schwager and Bill Lipschutz.

While Orca Investment Group might score points for aesthetics and creating a “wow-effect”, they fall drastically short when it comes to providing essential and relevant information. The “About Us” section offers little to no insight into the company’s background or operations. Important documents are missing, as are details about their trading platform and key trading metrics.

Partnership and Bonuses

Orca Investment Group does offer an affiliate program, but it’s not mentioned anywhere on its website. After account creation, users can access a referral link for inviting potential partners. Clients are awarded a one-time €1,000 bonus if their referred individual deposits are more than €1,000, and they also benefit from 10% of any subsequent deposits made by the referral. Meanwhile, the person being referred gets a single bonus of €500.

Orca Investment Group also offers bonuses, a move that isn’t all too surprising. Brokerage companies known for their deceptive practices often aggressively push bonuses onto their clients. However, these bonuses usually come with hidden conditions that heavily restrict the withdrawal of deposits. While acquiring a bonus might be straightforward, withdrawing it alongside any profit gained is a challenge. To be eligible for a bonus withdrawal, a trading turnover of 50,000 times the bonus amount is required. Furthermore, Orca Investment Group limits withdrawals to just 20% of a client’s deposit. For instance, if you received a $500 bonus, you’d have to achieve a trading turnover of $25 million ($500 multiplied by 50,000) to make both the bonus and any profits withdrawable. Even professional traders would find it hard, ‌let alone newcomers.

Account Opening on Orcaigroup.com

Opening an account with Orca Investment Group follows the standard procedure you’d find with most brokers. They request details such as your first and last name, country of residence, phone number, email address, and password. After providing that information, you’re prompted to agree to their terms and conditions.

Registration

Once you’ve completed the registration, you gain access to the trader’s dashboard. It’s concerning that Orca Investment Group doesn’t mandate email and phone number verification, which might pose a serious threat to the security of personal data. Another significant drawback is the lack of a demo account option.

The broker’s dashboard is standard. It allows users to update their personal information, submit verification documents, deposit money, request withdrawals, and view trading and referral stats. An added feature lets users toggle between a light and dark theme, and there’s also an option to save a BTC cryptocurrency address.

Verification

Verification in Orca Investment Group is a mandatory process. They require clients to submit documents verifying their identity and residential address. Additionally, the company might request audio and video verification.

Pros
  • None.
Cons
  • May require audio and video verification.

Trading Software

Orca Investment Group’s trading platform is basic and straightforward. While beginners might find it user-friendly, seasoned traders might find it lacking for comprehensive trading in the financial markets. It doesn’t offer features like auto-trading, copy trading, the ability to upload custom indicators or advanced tools such as open interest and market depth. However, it does come with standard features like lines, levels, trends, primary indicators, and various timeframes and chart types.

Terminal

For traders used to operating on mobile, Orca Investment Group may come as a letdown. The platform lacks a mobile version and doesn’t offer software for PC installation, being limited to a WebTrader. Such restricted options and the absence of mobile trading emphasize the company’s lack of professionalism and customer-oriented approach.

Features Orca Investment Group Nicholson Financial Service  NFG Finance
Demo Account
Mobile App
Own Development

How Can I Trade With Orca Investment Group?

Orca Investment Group is a quintessential example of brokers offering CFDs and a range of trading account options, where the minimum deposit bar gradually increases and the set of additional services expands. The better the tariff, the more advantageous the conditions, and the more privileges are available to the trader. We’ll delve deeper into these terms ahead.

All Info About Accounts

The base plan with Orca Investment Group requires a minimum deposit of $250. It is quite steep, especially when you consider that many renowned forex brokers now have deposit thresholds as low as $10. For that $250, clients get access to 200 tradable assets, a market review, and a leverage of up to 1:100.

However, this service offering is quite modest when stacked against their “Portfolio Management” plan. Subscribers to this plan benefit from a dedicated account manager, leverage up to 1:200, room analysis, competitive spreads starting from 1.5 pips, financial and risk management planning, exclusive promotional deals, monthly webinars, priority withdrawal processing, AI-driven analyses, access to crypto arbitrage rates, and 10 trading signals a month. While the basic plan offers just 3 added services, the advanced one boasts 12. The disparity is quite evident. It seems Orca Investment Group aims to entice traders to fork over larger sums by reserving premium features for those investing $10,000 or more.

We don’t find it particularly valuable to delve into the other accounts. Orca Investment Group sets dauntingly high minimum deposits. It seems improbable to find clients ready to invest substantial funds into a relatively obscure and non-mainstream company. All these perks and added features appear to be blatant lures to extract money from individuals. Notably, the platform lacks Islamic and cent accounts.

Pros
  • None.
Cons
  • High minimum deposit.
  • No demo account.
  • No Islamic account, cents tariff.
  • Inadequate conditions aimed at luring money out of traders.

Market Analysis and Education With Orcaigroup.com

Orca Investment Group provides its clients with e-books, an asset index, a glossary, and FAQs. However, that’s the extent of their analytical and educational offerings. They lack features such as an economic calendar, a real-time news feed, or advanced widgets like the ones from TradingView, including market price change heatmaps.

Deposit, Withdrawal, and Fees

Deposits and withdrawals from Orca Investment Group can be done using credit/debit cards, wire transfers, and digital currencies. While no mention is made of deposit fees, withdrawals come with a 1% fee, subject to a minimum of $30 and maximum of $300. Furthermore, an inactivity charge of $99 applies to accounts dormant for 30 days every month.

Features Orca Investment Group Investmarkets VirtuFinance
Debit/Credit Cards ✔️ ✔️ ✔️
Electronic Payments ✔️ ✔️
Crypto Transfers ✔️
Deposit Fee
Withdrawal Fee ✔️

How Can I Contact It?

To get in touch with their representatives, Orca Investment Group offers just a feedback form and two email addresses. Yet, they don’t provide a phone number, physical office addresses, online chat, or any social media links. It raises eyebrows and looks quite suspicious. What’s even more suspicious is that the email address listed on the site does not exist.

Email

Pros
  • None.
Cons
  • The specified email does not exist.
  • Social networks have not been created.
  • Telephone and office addresses are not available.
  • Online chat for operational communication is not connected.

Is Orca Investment Group Dangerous?

Questionable trading conditions, the lack of a demo account, and false contact details all cast doubt on Orca Investment Group’s legitimacy. Observing these red flags, one can’t help but suspect that it might be a fraudulent enterprise, as reputable and secure companies don’t exhibit such traits. We will next explore the company’s operating duration and licensing, crucial aspects when gaging a broker’s trustworthiness.

How Long Does The Broker Work?

Just like other suspicious companies, Orca Investment Group doesn’t specify its operational history on its website. Domain registration can give a clue to its inception. Here, the domain was registered recently, in April 2023. This brief period of operation hardly inspires confidence.

How Is Orca Investment Group Regulated?

The company doesn’t provide a clear legal address. We had to dig through their user agreements to discover that they operate under the laws of Saint Vincent and the Grenadines. Despite searching the SVGFSA registry using different spellings of “Orca Investment Group”, we found no trace of the broker. The obvious inference – they’re unlicensed.

Regulation

Features Orca Investment Group InvestFW Delos Management
European Zone ✔️
Asian Zone
American Zone
African Zone
Offshore ✔️

Frequently Asked Questions (FAQ)

Kevin Berry
Ask question
Expert Opinion

Here’s yet another broker attempting to scam traders, aiming to extract every last penny from them. It’s unwise to place trust in such scam firms as Orca Investment Group. Beyond providing no tangible guarantees, they unabashedly present themselves as seasoned and beneficial partners in the trading arena. It’s crucial to steer clear of such fraud. Otherwise, you’ll find all your hard-earned money evaporating. Bear in mind, retrieving funds from here is a futile endeavor! Moreover, be skeptical of any positive reviews; they are likely fabricated testimonials crafted to bolster the reputation of this anonymous band of swindlers.

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Orca Investment Group rating

The level of trust
Quick withdrawal of funds
Efficiency of technical support
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The level of trust
Quick withdrawal of funds
Efficiency of technical support

3 reviews about Orca Investment Group

Robert Stone August 11, 2023 - 02:01
I agree, it's a scam and a rip-off
The level of trust

It serves as a prime example of how scambrokers operate. They craft sleek websites with the sole intention of defrauding traders. There’s nothing commendable about orca investments group. It’s a fake scam strategy, seemingly orchestrated by faceless fraudsters. The absence of a license, fake charts, their brief period of operation, and numerous other red flags clearly stand out. I agree, it’s a rip-off.

Reply
Mr. Fork August 16, 2023 - 19:08
They stole my money
The level of trust
Quick withdrawal of funds
Efficiency of technical support

Unfortunately, Orca Investment Group has been unresponsive, and I’ve been unable to get my money back. I put $250 into their platform to gauge its functionality, given the absence of a demo account. I deposited via Bitcoin, and notably, to a single-use address. At the outset, these worrisome elements didn’t strike me as overtly dubious. Being new to trading, I fell for this fraud scheme.
The trading venture bore no fruit, yielding no gains. Hence, I requested a withdrawal. A month has lapsed, yet my funds remain untouched, with my request ignored. The scammers at Orca Investment Group seemingly have no intention of addressing my concerns. Attempts to establish contact have been futile: their email is non-existent, and outreach through their feedback form garners no replies.
The situation is deeply disconcerting. The sinking realization that my money is likely to be lost is tough to grapple with. That $250 was a sizable sum for me; being a student, it represented a chunk of my savings.

Reply
Adam August 21, 2023 - 11:58
I wanna warn you that Orca is a scam.
The level of trust

The best thing you can do is to steer clear of any dealings with Orca Investment Group. This company flagrantly operates outside legal norms, violating the laws of countless nations. While its legal jurisdiction is an offshore location, it conspicuously lacks offices in more recognized countries. Don’t be fooled by any positive online reviews or feedback; these have likely been financially sponsored by these fraudsters. Such scammers often find it more cost-effective to finance these fake reviews rather than invest in genuine marketing. Remember, any commendations for Orca Investment Group are likely fabricated.
Furthermore, it’s worth noting this is a group of scammers who create identical companies, mirroring one another. Sites mirroring this one number in the dozens, if not hundreds. These scambrokers replicate their brokerage frauds as though they’re simply engaging in a copy-paste operation.

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