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Orcal Group

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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.
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