Orbit Global
Basic Information
Pros and Cons
Pros
- Positive user feedback on customer service
- Accessible demo account for practice
- Diverse range of trading instruments
- Maximum leverage up to 1:200
- User-friendly MT5 trading platform
Cons
- No valid regulatory oversight
- Concerns about withdrawal processing times
- Lack of zero-spread account options
- Client funds not held in regulated accounts
- Mixed reviews on withdrawal efficiency
Is Orbit Global Safe and Legit?
Orbit Global Markets LTD is registered in Mauritius and has been operational for approximately 2-5 years. The broker offers a range of trading instruments including Forex, metals, CFDs, indices, commodities, and cryptocurrencies, with leverage up to 1:200 and spreads starting from 1.5 pips, utilizing the MT5 trading platform.
The broker currently operates without valid regulatory oversight, which raises significant concerns regarding its safety and legality in the financial market. Prospective users should exercise caution due to the lack of regulatory protection.
In terms of reputation, Orbit Global has received generally positive feedback from users, particularly regarding customer service and the user experience on its demo account. However, some concerns have been raised about withdrawal times and the absence of zero-spread accounts. Overall, while users appreciate the trading environment and support, the broker’s unregulated status remains a significant red flag in user assessments.
Is Orbit Global a Regulated Broker?
Client Fund Segregation: Your Ultimate Safeguard
Capital Protection Measures
Client funds at Orbit Global Markets LTD are not held in independently regulated bank accounts, and there are no guarantees regarding the segregation of client funds from the broker’s own assets. This lack of regulatory oversight raises substantial concerns about the safety and protection of client capital.
Orbit Global Leverage
The maximum leverage offered by Orbit Global is up to 1:200 across all product categories. As the broker does not operate under any regulatory licenses, the leverage provided does not have to comply with local regulatory requirements, allowing for flexibility in client classification.
Orbit Global Withdrawal Review
How to Contact Orbit Global?
Does Orbit Global Have Withdrawal Issues?
Orbit Global Markets LTD has received some complaints regarding withdrawal times, with users noting delays in processing. While some feedback highlights efficient withdrawals, there are notable mentions of it taking up to 24 hours, with longer delays during weekends. The broker’s handling of complaints appears to be reactive rather than proactive, addressing issues as they arise but lacking a robust system for managing repetitive concerns. Importantly, Orbit Global operates without valid regulatory oversight, raising additional safety concerns amidst these withdrawal complaints, which potential users should consider seriously.
Frequently Asked Questions
A1: No, Orbit Global Markets LTD currently operates without any valid regulatory oversight. The absence of regulatory protection raises significant concerns regarding the safety and legality of trading with this broker.
A2: Client funds at Orbit Global Markets LTD are not held in independently regulated bank accounts, and there are no guarantees regarding the segregation of client funds from the broker’s own assets. This lack of regulatory oversight raises substantial concerns about the protection of client capital.
A3: Yes, Orbit Global Markets LTD has received complaints regarding withdrawal times, with some users experiencing delays of up to 24 hours, and longer during weekends. While some feedback is positive, the mixed reviews highlight potential inefficiencies in the withdrawal process.
A4: User feedback indicates generally positive experiences with Orbit Global’s customer service, highlighting responsiveness and helpfulness. However, concerns persist regarding the broker’s handling of withdrawal-related complaints, suggesting a need for a more proactive approach.
A5: Orbit Global Markets LTD utilizes the MT5 trading platform, which is known for its user-friendly interface and support for various trading instruments including Forex, metals, CFDs, indices, commodities, and cryptocurrencies.
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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.
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