Oriental Wealth Markets

Introduction

Oriental Wealth Markets is a forex and cfd broker that provides a wide range of trading options across multiple asset classes. Since its establishment, the aim of this trading company has been to provide traders with access to an extensive number of investment instruments, including forex, commodities, shares, and futures, supported by recognised trading software in conjunction with extensive educational materials. It is also aimed at catering to new and advanced traders through its emphasis on ecN trading and fund security.

However, it is important to note that Oriental Wealth Markets operates mainly under offshore jurisdiction which raises concerns over the legitimacy of this company along with any regulatory oversight. The information included in this article will give traders a thorough understanding of Oriental Wealth Markets, including the company's background, services offered, regulatory status, trading conditions, fees charged, user experience and recent events. All of these factors will provide traders with enough information to make informed decisions.

Oriental Wealth Markets was founded in 2017 and is based in Port Vila, which is the capital city of Vanuatu. The founders of the company were finance professionals and experts in their respective fields who established the brokerage with the intention of providing a large number of different types of financial instruments and solutions. Oriental Wealth Markets has expanded from Vanuatu to various other locations around the world including Hong Kong, Jakarta and Kuala Lumpur, which will allow the company to become more successful by expanding its presence in major financial centres.

Although the names of the founders of Oriental Wealth Markets are not disclosed, the rapid expansion of Oriental Wealth Markets appears to exhibit a business strategy that focuses on providing a high level of flexibility and service to a global customer base that is focused on currency and cfd trading. The corporate headquarters of Oriental Wealth Markets is located at First Floor, B&P House, Lini Highway, Port Vila, Vanuatu and serves as the main hub for the operational aspects of Oriental Wealth Markets.The Features & Services Offered by This Broker

Trading Instruments

The Oriental Wealth Markets offers more than 100 trading instruments, including major and minor forex currency pairs, commodities such as gold and oil, contracts for difference (CFDs) on shares, futures, and stock index CFDs. This comprehensive range of assets allows traders to diversify their trading portfolios and access many different types of markets all from one trading account.

Trading Solutions

The Oriental Wealth Markets supports electronic communication networks (or ECNs) as a way of making direct market and ECN connections. In addition to electronic trading, Oriental Wealth also markets itself as a comprehensive trading solution, so that clients can combine their trading activities in many different asset classes and use a single platform to access a variety of trading tools.

Additional Services

Oriental Wealth Markets provides additional support and comfort to its clients by segregating client funds and protecting them with insurance coverage. Oriental Wealth also offers a variety of educational materials for its clients to use. Materials range from basic terminology definitions to advanced technical analysis, so that all skill levels have access to the resources they need.

Regulatory Compliance & Licensing

All brokers should be evaluated based on their regulatory oversight. According to Oriental Wealth's website, they are regulated by the Vanuatu Financial Services Commission (VFSC) under securities dealer license number 40299. Oriental Wealth has also indicated that they are regulated by the Vanuatu Monetary Commission and the Seychelles Financial Services Authority (FSA) using the same license number.

It is important to note, however, that the VFSC is considered an offshore regulatory authority, which means the level of oversight they provide to their regulated entities is much lower than what is provided by major regulatory authorities around the globe. Significant concerns exist regarding the authenticity of license #40299, as numerous resources indicate that this license has been flagged as potentially fraudulent or cloned, which raises serious doubts regarding the regulatory legitimacy of this broker.As an offshore broker, Oriental Wealth Markets is typically regarded as having little regulatory oversight, which poses a higher risk to traders.

Licensing Information

Below are three entities through which Oriental Wealth Markets claims to be regulated:

Entity

License No.

Regulatory Status

Vanuatu Financial Services Commission (VFSC)

40299

Offshore Regulator; likely fake or cloned license

Vanuatu Monetary Commission

40299

Offshore Regulator; Limited Ignotum

Seychelles Financial Services Authority (FSA)

40299

Offshore Regulator; Limited Ignotum

Trading Conditions; Platform Info

Account Types; Leverage

Asian Wealth Markets has two varieties of accounts: Standard and ECN accounts. Standard accounts have a $100 minimum deposit and are aimed at retail investors.

The ECN account is targeted toward "active or professional" traders with a higher minimum deposit of $3,000.

Both account types allow up to 400 to 1 leverage, enabling traders to use their capital to control large positions. However, with additional buying/shorting power comes added risk.

Platforms

The most used platform at Oriental Wealth Markets is MetaTrader 4 (MT4). MT4 is a very popular and widely used trading platform, featuring many advanced technology-based charting options and algorithmic or automated trading capabilities. The oriental broker also features an MT4 mobile application, that the trader can download after successfully activating their account; this allows the trader to manage their trading accounts from anywhere.

Oriental Wealth Markets asserts that MT4 will execute trades quickly with tight spreadsSummary

Oriental Wealth Markets (OWM) is a global online trading provider that offers relatively low-cost trading of multiple asset classes across a variety of global markets. Although OWM is considered to be a high-risk broker due to its lack of effective regulatory oversight, OWM has a lengthy history of profitable trading for its clients and has received positive reviews from the global trading community. However, traders should conduct thorough due diligence and consider Alternative Brokers with more sophisticated regulatory credentials.

Basic Information

Trading Name: Oriental Wealth Markets

Regulatory Body: Offshore (not regulated)

Opening Date: 07/01/2020

Company Structure: Private Limited

Head Office: Saint Vincent & the Grenadines

Contact Details: Phone - +44 (0) 20 2673 1433; Email - [email protected]

Features

All OWM accounts are provided with a minimum deposit of $100 (for Standard accounts) or $3,000 (for ECN accounts) and offer leverage of up to 400:1 (with leverage reduced for some asset classes). OWM provides access to the following asset classes: Forex; Commodity; Share CFDs; Futures CFDs; Stock Indices. OWM utilizes the widely known MT4 trading platform which is available for both desktop and mobile devices.

Execution

OWM provides fast execution with

instantaneous trade confirmation and the ability to use ECN-style trading.

Spreads

Although OWM states that they offer "tight spreads" on their products, the broker has not provided any specific figures for any of their products. Therefore, traders cannot determine whether OWM provides competitive trading conditions.

Fee Structure

Although OWM provides limited disclosure about the fees they charge in relation to trading, it has provided information about the following types of fees: Deposit Fees; Withdrawal Fees; Inactivity Fees; Commission; Tax-free Profits from Spread Betting for UK Residents (tax status subject to change).

User Experience and Market Reputation

The user experience offered by OWM is described as positive due to their extensive use of the MT4 trading platform, the implementation of fund protection measures, and the availability of multiple educational resources. That said, OWM has been assigned a negative reputation by multiple organizations. Particularly, OWM has received numerous complaints related to being an offshore broker, with many of those complaints focused on the perception that OWM does not have a legitimate license to conduct business. As reported by WikiFX, OWM has had 14 different reports of issues with its services; as a result, I recommend that all traders review the cautionary information provided by these organizations prior to using the services of OWM.

Recent Developments

The last publicly available information regarding OWM was an announcement dated January 8, 2023 regarding the completion of a recent CRM upgrade and the need for traders to change their account passwords. To date, there are no major changes or announcements affecting OWM in 2024 or 2025 (as of January 2023). Furthermore, the issue of whether OWM has a genuine license to conduct business remains unresolved, and the overall credibility and honesty of the broker is in question. Therefore, I encourage all traders to be aware of any future announcements or changes to the available regulatory information regarding OWM.

Conclusion

Though OWM claims to be "an international online dealer" with "ECN trading capabilities" using "the world's leading" MT4 trading platform, the broker's offshore regulation and the absence of a legitimate license to conduct business significantly impact both OWM's trustworthiness and credibility. Thus, all prospective customers should approach Oriental Wealth Markets with caution and carefully evaluate all risks associated with an offshore broker and the absence of robust regulatory oversight. Prior to committing any funds to OWM, it would be in the best interests of traders to conduct thorough research, including further evaluating Alternative Brokers with greater and/or more substantive regulatory authority.