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.
1-2 years | Suspicious Regulatory License | Non MT4/5 Software | S…
Ortega Capital Limited
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