ORBI TRADE
Pros and Cons
Pros
- Low minimum deposit requirement of $50
- Diverse range of trading instruments including forex, commodities, and cryptocurrencies
- Utilizes MetaTrader 5 platform for advanced trading capabilities
- Offers various account types tailored to different trading needs
- Fast deposit and withdrawal processing claims
Cons
- Not regulated by major financial authorities
- Limited transparency regarding fees and withdrawal processes
- Variable spreads may increase trading costs
- Limited customer support options and responsiveness
- Potential risks associated with offshore regulatory status
Basic Information
User Reviews
ORBI TRADE Overview
ORBI TRADE is a forex broker based in Seychelles, operating under the name ORBI TRADE INTERNATIONAL LTD. Founded between 2 to 5 years ago, this broker emphasizes its commitment to providing a transparent trading environment. While it is not regulated by major financial authorities, it operates under a retail forex license, ensuring basic compliance with local regulations. ORBI TRADE positions itself as a direct market access (DMA) broker, enabling traders to connect directly to global exchanges for real-time price feeds on various trading instruments, including forex, commodities, and indices.
Is ORBI TRADE Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| Seychelles Financial Services Authority (FSA) | Seychelles | Retail Forex License |
Is ORBI TRADE Regulated and How Are Client Funds Protected?
ORBI TRADE is not regulated by any major financial authority, operating under a retail forex license in Seychelles. This status indicates that while it complies with basic local regulations, it does not offer the same level of investor protection that comes with stricter regulatory oversight found in other jurisdictions. Client funds may not be as secure compared to those held by brokers under more stringent regulatory frameworks. Traders should be aware of the inherent risks associated with trading through an unregulated broker, including the possibility of reduced investor protections and higher potential for fraud.
Trading Products and Services
What Trading Instruments Does ORBI TRADE Offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | Major Pairs / Examples | Many |
| Commodities | Gold, Oil | Varies |
| Indices | S&P 500, NASDAQ | Varies |
| Stocks | US, UK | Varies |
| Cryptocurrencies | BTC, ETH | Varies |
ORBI TRADE offers a diverse range of trading instruments that cater to various trading styles and preferences. The inclusion of multiple asset categories such as forex, commodities, indices, stocks, and cryptocurrencies provides traders ample opportunities for diversification. This range is ideal for different types of traders, from beginners seeking to explore the markets to experienced professionals aiming for sophisticated strategies. By utilizing various financial products, traders can build a more balanced portfolio, adapt to changing market conditions, and employ flexible trading strategies. Overall, the extensive selection of instruments at ORBI TRADE enhances its value for traders looking to optimize their trading experience.
Account Types and Trading Conditions
What Account Types and Fees Does ORBI TRADE Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Recreation Account | Beginners and traders with limited capital | Low minimum deposit, flexible trading options | Minimum deposit of $50, suitable for small-capital practice |
| Professional Account | Experienced traders | Lower spreads, higher leverage options | Minimum deposit of $1,000, suitable for active trading |
| Syariah Account | Traders preferring Sharia-compliant options | Swap-free trading, competitive spreads | Minimum deposit of $2,500, suitable for Islamic trading |
| Signature Account | High-net-worth individuals and seasoned traders | Highly competitive spreads, tailored services | Minimum deposit of $35,000, designed for larger trading volumes |
Account Opening Process
To open an account with ORBI TRADE, traders need to follow these steps: First, they should visit the official website and choose the preferred account type. Next, they will fill out a registration form, providing personal details such as full name, email address, and phone number. After that, they will need to create a strong password for their account. Upon completion, it is essential to review all the provided information for accuracy before submitting the application. Following submission, traders will be required to verify their identity by providing valid identification and proof of address. Additionally, ORBI TRADE allows flexibility for traders to upgrade to a professional account later if they meet the necessary criteria.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (Major Pairs) | 0.8 | $3 per 0.1 lot | Competitive spreads for experienced traders |
| CFDs (Stocks, Indices, Commodities) | Varies | $3 per 0.1 lot | Varied spreads based on the asset |
| Cryptocurrencies | Varies | Varies | Dependent on market conditions |
Other Fees
In addition to trading fees, ORBI TRADE may impose various other fees, which include deposit and withdrawal fees, inactivity fees for dormant accounts, platform usage fees, overnight interest (swap rates), and potential currency conversion fees. Traders should be mindful of these aspects when managing their accounts.
Trading Platforms and Apps
What Trading Platforms and Apps Does ORBI TRADE Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MetaTrader 5 (MT5) | Windows, macOS, Android, iOS | 2FA, market search, multiple order types, price alerts, technical indicators | Demo accounts, VPS, API interfaces |
| Web Version | Any device with a web browser | Login security, one-click trading, symbol lookup, price alerts | Demo accounts |
| Mobile App | Android, iOS | Biometrics, push notifications, one-click trading, market alerts | Demo accounts |
ORBI TRADE utilizes the MetaTrader 5 platform, which is well-regarded for its advanced charting capabilities and support for algorithmic trading. The web version offers flexibility for traders who prefer not to download software, while the mobile app enables convenient trading on the go. Each platform ensures secure logins, rapid order execution, and real-time alerts, catering to a range of trading needs. Overall, ORBI TRADE provides a comprehensive suite of platforms that support both novice and seasoned traders, enhancing their ability to engage with the markets efficiently.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| Bank Transfer | 3–5 days | No platform fee | Min $50, Max $20,000/day | USD, EUR |
| Credit/Debit Card | Instant | No platform fee | Min $50, Max $10,000/day | USD, EUR |
| E-wallet (e.g., Skrill, Neteller) | Instant | 1.5% e-wallet charge | Min $50, Max $15,000/day | USD, EUR |
Minimum Deposit
ORBI TRADE requires a minimum deposit of $50 to open an account. This amount is consistent across all payment methods and account types, making it accessible for beginners and traders with limited capital.
How to Withdraw
- Log in to your ORBI TRADE account.
- Navigate to the withdrawal section in your account dashboard.
- Select your preferred payment method for withdrawal.
- Enter the amount you wish to withdraw, ensuring it meets the minimum and maximum limits.
- Confirm your withdrawal request and submit.
- You will receive a confirmation of your withdrawal request via email.
- Withdrawals are processed according to the chosen payment method’s processing time.
Customer Support
ORBI TRADE Customer Support Overview
Support Channels
ORBI TRADE offers multiple contact methods for customer support, ensuring traders can get the help they need. The primary channels include:
- Email: Customers can reach out via support@orbitrades.com.
- Live Chat: Available directly on the ORBI TRADE website for instant assistance.
- Telephone: Traders can call customer support at +1 (737) 232-2299 or +62 8111 717 999 (Bahasa).
- Social Media: ORBI TRADE maintains a presence on platforms like Instagram and YouTube for additional support and updates.
Service Availability
Customer support is available 24 hours a day, 7 days a week, allowing traders to receive assistance at any time. ORBI TRADE also provides multilingual support in various languages, including English and Bahasa Indonesia, to cater to a diverse clientele.
Frequently Asked Questions
ORBI TRADE operates under a retail forex license in Seychelles and is not regulated by any major financial authority. This means that while it complies with basic local regulations, it does not provide the same level of investor protection associated with more stringent regulatory frameworks. Clients should be aware of the inherent risks of trading through an unregulated broker, including reduced investor protections and the potential for fraud.
ORBI TRADE provides a diverse array of trading instruments that include forex, commodities, indices, stocks, and cryptocurrencies. This variety allows traders to diversify their portfolios and adapt to varying market conditions, catering to both beginners and experienced traders seeking sophisticated strategies.
ORBI TRADE offers several account types: the Recreation Account with a minimum deposit of $50, the Professional Account with a minimum deposit of $1,000, the Syariah Account requiring a minimum deposit of $2,500, and the Signature Account which requires a minimum deposit of $35,000. Each account type is tailored to meet the needs of different trader profiles, from beginners to high-net-worth individuals.
ORBI TRADE provides multiple channels for customer support, including email at support@orbitrades.com, live chat directly on their website, and telephone support at +1 (737) 232-2299 or +62 8111 717 999 (Bahasa). Customer support is available 24/7, offering multilingual assistance to accommodate a diverse clientele.
Related Forex Brokers
Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.