Orbit Global
Pros and Cons
Pros
- Offers a wide range of trading instruments including Forex, CFDs, and commodities
- Supports multiple platforms including MetaTrader 4 and 5
- Provides a demo account for practice trading
- Low minimum deposit requirement starting from $50
- Leverage options available up to 1:200
Cons
- No valid regulation from major authorities
- High minimum deposit requirement of $5,000 for ECN account
- Limited payment options for deposits and withdrawals
- Spreads starting from 1.5 pips on certain accounts
- Withdrawal processing times can be lengthy
Basic Information
User Reviews
Orbit Global Overview
Orbit Global Markets Ltd, founded in 2022 and headquartered in Mauritius, is a forex broker that offers a range of trading services. While the broker provides access to various trading instruments, including forex, commodities, and cryptocurrencies, it’s important to note that Orbit Global operates without valid regulation from recognized financial authorities. This lack of oversight may raise concerns for potential traders regarding the security and reliability of their trading environment. As a result, prospective clients should approach with caution, given the inherent risks associated with unregulated brokers.
Orbit Global delivers a user-friendly trading experience, primarily through the MetaTrader 5 platform, which features advanced tools and charting options suitable for both beginner and experienced traders. The broker offers competitive spreads starting from 1.5 pips and allows leverage up to 1:200. Customers benefit from a responsive customer support system available through multiple channels, including live chat and email. The availability of a demo account enables traders to familiarize themselves with the platform before committing real funds, making it a valuable resource for those new to trading. Despite the absence of regulation, Orbit Global’s diverse trading offerings and emphasis on customer service can appeal to those seeking to engage in forex trading.
Is Orbit Global Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| No valid regulatory authority | Mauritius | None |
Is Orbit Global Regulated and How Are Client Funds Protected?
Orbit Global is not regulated by any recognized financial authority, which poses significant risks for traders. The absence of regulation means that there are no established safeguards for client funds, such as segregated accounts or investor compensation schemes. As a result, clients may face higher potential for fraud and lack of recourse in case of disputes. It is essential for traders to consider these risks seriously when engaging with an unregulated broker like Orbit Global.
Trading Products and Services
What trading instruments does Orbit Global offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | EUR/USD, GBP/JPY, Major & Minor Pairs | 100+ |
| Commodities | Gold, Silver, Crude Oil, Natural Gas | Many |
| Indices | S&P 500, NASDAQ, FTSE 100, DAX | Many |
| Stocks | Apple, Tesla, BP, Vodafone | Many |
| Cryptocurrencies | BTC, ETH, XRP, LTC | Many |
Orbit Global offers a diverse range of trading instruments designed to cater to various trader profiles, whether beginners, professionals, or long-term investors. With a robust selection of over 100 Forex pairs, alongside commodities like gold and oil, traders can effectively implement their strategies. The inclusion of indices and a variety of stocks further enhances the platform’s appeal, providing options for portfolio diversification. Additionally, cryptocurrencies are available for those seeking exposure to emerging markets. This extensive array of products meets the needs of different trading styles, allowing for flexible strategies and a well-rounded investment approach.
Account Types and Trading Conditions
What Account Types and Fees Does Orbit Global Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Retail Account | Beginners and casual traders | Low minimum deposit, user-friendly platform | Ideal for small-capital practice |
| Professional Account | Experienced traders | Higher leverage, customized services | Requires trading volume qualifications |
| Corporate Account | Corporate clients | Advanced trading features, tailored solutions | Requires corporate documentation |
| Islamic Account | Traders seeking swap-free options | Compliant with Sharia law | Available upon request |
| Demo Account | All traders | Risk-free trading environment | Perfect for practice and strategy testing |
Account Opening Process
To open an account with Orbit Global, follow these steps: First, submit your personal information, including your name, email, and contact details. Next, provide employment information, such as your job title and employer. After that, you will need to submit financial information, including your income and trading experience. Identity verification is required, so be prepared to upload a valid ID and proof of address. It’s important to note that you can upgrade to a professional account later if you meet the eligibility criteria for higher trading volumes.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (EUR/USD) | 0.8 | $0 (ECN: $3.5/lot) | Tight spreads for majors |
| Forex (GBP/USD) | 1.0 | $0 (ECN: $3.5/lot) | Competitive pricing for GBP pairs |
| CFDs (Stocks) | 1.5 | $10 per lot | Varies by stock |
| CFDs (Indices) | 1.0 | $7 per lot | Includes major indices |
| Cryptos (BTC/USD) | 1.0% | 0.1% | Variable depending on volatility |
Other Fees
In addition to trading fees, Orbit Global has several other costs to consider. There may be deposit and withdrawal fees, though specific amounts are not detailed. Inactivity fees can apply if your account is dormant for an extended period. If you use the platform, ensure you are aware of any applicable platform usage fees. Overnight interest, also known as swap rates, will be charged for positions held overnight. Lastly, be mindful of potential currency conversion fees when trading different currencies.
Trading Platforms and Apps
What Trading Platforms and Apps Does Orbit Global Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MT4/MT5 | Windows, macOS, iOS, Android | Secure login (2FA), multiple order types, price alerts, technical indicators | Demo accounts, VPS |
| Web Version | Any device with a web browser | Login security (encryption), symbol lookup, one-click trading | Demo accounts |
| Mobile App | iOS, Android | Biometric login, price alerts, push notifications, market search | Demo accounts |
Orbit Global offers a range of trading platforms tailored to different trader needs. The MT4/MT5 platforms are suited for experienced traders, providing advanced tools and features like multiple order types and technical indicators. The web version allows for flexible trading from any browser, while the mobile app supports convenient trading on the go with secure login options and real-time alerts. Across all platforms, Orbit Global emphasizes security and a user-friendly experience, making it easy for traders to manage their accounts and execute trades efficiently.
Overall, the diverse platform options and robust security measures ensure that traders can engage in the forex market with confidence. The availability of demo accounts further supports new traders in gaining experience without financial risk.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| SEPA Transfer | 1-3 days | No platform fee | Min 100, Max 50k/day | EUR, USD |
| GrabPay | Instant | No platform fee, 2% third-party charge | Min 50, Max 10k/day | MYR, SGD |
| SPEI | Instant | No platform fee | Min 200, Max 30k/day | MXN |
| Credit/Debit Card | Instant | 1.5% fee on deposits | Min 50, Max 15k/day | EUR, USD, GBP |
| Bank Wire Transfer | 3-5 days | No platform fee, 0.5% for international wires | Min 500, Max 100k/day | USD |
Minimum Deposit
The minimum deposit requirement for Orbit Global is set at $50. This amount is consistent across most payment methods, ensuring a straightforward entry for traders. However, specific account types or promotions may offer variations in minimum deposit thresholds.
How to Withdraw
To withdraw funds from your Orbit Global account, follow these steps:
- Log in to your Orbit Global account.
- Navigate to the ‘Withdraw’ section in your account dashboard.
- Select your preferred withdrawal method from the available options.
- Enter the amount you wish to withdraw, ensuring it meets the minimum and maximum limits.
- Confirm your withdrawal request and review any applicable fees.
- Submit the request. You will receive a confirmation email regarding the status of your withdrawal.
Customer Support
Orbit Global Customer Support Overview
Support Channels
Orbit Global offers multiple contact methods to ensure effective customer service. Clients can reach out via:
- Email: Customers can send inquiries to support@orbitglobalfx.com. This is ideal for more detailed questions or support requests.
- Live Chat: Instant support is available through the live chat feature on their website, providing quick responses to urgent issues.
- Telephone: For direct assistance, customers can call +1 (631) 388-7344 to speak with a representative.
- Social Media: Orbit Global maintains an active presence on platforms such as Facebook, Instagram, and Twitter, allowing users to engage with support teams through these channels.
Service Availability
Customer support at Orbit Global is available 24/5, ensuring that clients can receive help during standard trading hours. The support team is multilingual, offering assistance in several languages to cater to a diverse clientele.
Additional Resources
Orbit Global provides valuable resources to enhance trading skills and market understanding. These include:
- Video Tutorials: Comprehensive guides to help users navigate the trading platform.
- Webinars: Regular educational sessions covering various trading topics.
- Market Analysis: Insights and reports to keep traders informed about market trends.
- Trading Signals: Recommendations to assist in making informed trading decisions.
Frequently Asked Questions
Orbit Global currently operates without any valid regulatory licenses. This means that clients should exercise caution when trading with them, as unregulated brokers may pose higher risks. It is advisable to conduct thorough research and consider the implications of trading with an unregulated entity.
Orbit Global offers a range of trading conditions, including a maximum leverage of up to 1:200, minimum spreads starting from 1.5 pips, and a minimum deposit requirement of $50. They provide trading access to over 100 instruments including Forex, metals, CFDs, indices, commodities, and cryptocurrencies.
While Orbit Global does provide some measures for fund security, the lack of regulatory oversight raises concerns. Clients should ensure they are comfortable with the potential risks involved and consider using only funds they can afford to lose. The broker accepts deposits via cryptocurrency, which may also influence the security of funds.
Users have reported a generally positive experience with Orbit Global’s trading platform, noting fast order execution and competitive spreads. However, some users have suggested that the interface could benefit from modern updates. The availability of a demo account is appreciated, especially by beginners, as it allows for practice without financial risk.
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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.