Orman & Co Limited (orman-co.ai) says it is “FSC Mauritius regulated”, and its page description adds ASIC Australia and FSCA South Africa. It is ASIC, Australia’s regulator, that has warned about the site (IOSCO I-SCAN, checked 21 October 2026). The domain was registered on 24 September 2026 — under a month ago.
Tiers that reward bigger deposits
The entry tier is “A$250 – $4,999”. Clients “graduate to Essential status upon reaching $5,000 in cumulative deposits”, and higher tiers unlock “Priority Withdrawals”. Withdrawal speed that depends on how much you have paid in is a pressure tactic, not a service level. The site also shows charity logos with dates like “Since 1863”, which describe the charities, not the broker.
⚠ Data points
- ASIC warning, IOSCO I-SCAN.
- Claims three regulators; ASIC is the one warning.
- Cites an unknown “FTO-Union” audit.
- Domain registered 24 September 2026.
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Checking the claims yourself
ASIC’s professional register, the FSC Mauritius register and the FSCA’s FSP search are all public. A broker that names three regulators should appear in at least one of them under its own name and web address.
Regulation claimed vs regulation found
| Regulator named by Orman & Co | What we found |
|---|---|
| FSC Mauritius | No licence number given |
| ASIC (Australia) | ASIC has put the site on its warning list |
| FSCA (South Africa) | No FSP number given |
| “FTO-Union (Financial Trust Oversight Union)” | Not a recognised regulator; described by the site as auditing it |
Built in a hurry
The page images load from a website-builder service, and the share metadata points to orman-co.com rather than orman-co.ai. Two descriptions of its regulators disagree with each other: one lists FSC Mauritius, ASIC and FSCA, another only “ASIC & FSCA”. For a broker claiming three licences, none of the three licence numbers appears anywhere on the site.
Sources: ASIC warning via IOSCO I-SCAN (checked 21 October 2026); RDAP for orman-co.ai; homepage and metadata read 21 October 2026. Not financial advice.
