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.
