OREANA is not a legitimate broker and should be avoided at all events. OREANA claims it has more than 10 years of industry experience. However, when we check on the Internet, we found it was newly established in August this year. So how comes with over 10-years experience? It is a red flag here.
Viewing its homepage, we found OREANA is completely anonymous and a risk to all. Except its email address, the firm's contact information, including phone and office address, is currently not available. Besides, there is no legal documents including "Terms and Conditions" or "regulation" documents. As a trader, you have to know the basic: a company that offers financial services must give an address and have a license in the country where it is located. Anonymous brokers cannot be traced, which means that once invested, your money will be lost.
What's worse, the Spanish regulator CNMV has added OREANA into the unregistered firm alert, warning the public that the firm is not authorised to provide the investment services in the country. You can check full alert or warning here.
As per the evidences above, our final conclusion is that OREANA is thoroughly a scam on account of running its business without any relevant license approved by a reputable regulator. Therefore, we would recommend traders to stay away from unregulated brokers and trade with licensed brokers.
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