Odrax Group

Odrax Group is a brokerage entity registered in Denmark, with its official domain at odraxgroup.com. The company was founded on 23 October 2024, making it a relatively new entrant in the forex and CFD trading space. Its registered address is located at Ørestads Blvd. 73, 2300 Copenhagen, Denmark.

According to publicly available corporate records, Odrax Group does not hold any financial regulatory licences. This absence of oversight from a recognised regulatory authority is a significant factor for traders to consider when evaluating the safety of their funds. The broker appears to target both retail and high-net-worth clients, offering account tiers with varying minimum deposit requirements.

Odrax Group is registered as a company in Denmark, but our research indicates that it is not authorised or regulated by any financial supervisory body. The Danish Financial Supervisory Authority (Finanstilsynet) does not list Odrax Group as a licensed investment firm. This lack of regulatory oversight means that traders do not have access to investor compensation schemes or dispute resolution mechanisms typically provided by regulated brokers.

For traders who prioritise security and regulatory protection, the absence of a licence from a major regulator such as the FCA, CySEC, or ASIC is a notable red flag. FXCanary recommends that traders conduct thorough due diligence before engaging with unregulated entities.

Odrax Group offers three distinct account tiers: Platinum, Gold, and Silver. The Platinum account requires a minimum deposit of $100,000 and offers a maximum leverage of 1:400. The Gold account requires $50,000 minimum deposit with leverage up to 1:300. The Silver account is the most accessible, with a minimum deposit of $200 and leverage up to 1:200.

These tiered accounts suggest that the broker is targeting a range of traders, from beginners with smaller capital (Silver) to high-net-worth individuals (Platinum). The high leverage options, particularly 1:400 for Platinum, carry significant risk and are typically offered by brokers in less regulated jurisdictions.

Beyond the account tiers and leverage, the known facts do not specify the instruments available for trading, trading platforms, spreads, commissions, or funding methods. The absence of this information in public records makes it difficult for potential clients to assess the full trading environment. Traders would need to visit the broker's website or contact support to obtain these details.

Given the lack of regulatory oversight, there is also no guarantee of fair execution or transparent pricing. FXCanary advises traders to verify all trading conditions independently and to be cautious of unusually high leverage or overly attractive account features.

Odrax Group is a newly established, unregulated broker based in Denmark. While its corporate registration is verifiable, the lack of a financial services licence places it in a high-risk category for traders. The tiered account structure and high leverage options are typical of brokers operating without stringent oversight.

Traders considering Odrax Group should approach with extreme caution. Without regulatory protection, there is a heightened risk of fund loss, poor execution practices, or even outright fraud. FXCanary's scam risk score of 56/100 (elevated) reflects these concerns. It is strongly recommended to only use fully regulated brokers for any forex or CFD trading activities.