WikiFX continued its field investigation scheme as part of its efforts in examining authenticity and finding out the black sheep within the forex industry. For this session, they came to Malaysia to visit a broker named Ortega Capital.
According to regulatory information, Ortega Capital’s office in Malaysia is at Suite B01, Lot 6, 1st Floor, SU3104, Jalan Tun Mustapha, 87007 Labuan F.T. WikiFX sent its survey team to this place for a field visit.
WikiFX’s survey staff found the office building indicated by the regulatory address.
The building is near some auto 4S shops and some distance away from the city centre.
The surveyors entered the building and found that all the rooms on the ground floor were locked. Not giving up, the surveyors then went round and searched through from floor to floor, but could not find a single company. With rooms on each floor closed, the surveyors speculated that there was no Ortega Capital’s office in the building at all.
A field investigation by WikiFX did not find the physical presence of Ortega Capital. The company claims to be holding a Labuan Financial Services Authority (LFSA) license (No. MB/17/00143), yet WikiFX suspects that it was fraudulently used (likely misappropriated/imitated from another legitimate entity). In fact, the company is not regulated by any reputable regulatory authorities according to the information WikiFX has. Investors are advised to act with caution when dealing with this broker with a just 1.17/10 WikiFX rating.
Within 1 year | License Suspected | No MT4/5 | Business region sus…
Ortega Capital Limited
The data of WikiFX all comes from official data of various forex regulatory institution such as FCA,ASIC，etc. These data are all purpose of being fair、objective and realistic,which doesn't ask for any public relations fees, advertising fees, ranking fees, data removing fees and other gray fees.WikiFX will do its best to maintain the consistency and synchronicity of its data with that of authoritative data sources with regulatory authorities, but will not undertake to keep it consistent and synchronized in real time.
Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click "Complaints "and "Correction" to inform us. We will check immediately and release the results.
Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.
Special Notice: Information provided by WikiFX is only for reference and does not indicate any investment advice. Investors should choose brokers by themselves. The risk involved with brokers is not relevant with WikiFX. Investors shall bear the relevant consequences and responsibilities on his own.
China Hong Kongwww.wikifx.hk