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https://www.orbitglobalfx.com/
Website
MT4/5 Identification
Full License
Single Core
1G
40G
+971 42220183
+1 (631)3887344
More
Orbit Global LTD
Orbit FX
The Virgin Islands
16313887344
Pyramid scheme complaint
Expose
General Information & Regulation
Orbit Global FX is allegedly a forex and CFD brokerage established in 2021 that claims to provide its clients with over 200 tradable financial instruments with leverage up to 1:400 and floating spreads from 0.1 pips on the MT5 trading platform, as well as a choice of four different live account types and 24/5 customer support service. Here is the home page of this brokers official site:
As for regulation, it has been verified that Orbit Global FX does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score. Please be aware of the risk.
Market Instruments
Orbit Global FX advertises that it offers access to more than 200 trading instruments in financial markets which include forex, metals, CFDs and indices.
Account Types
Apart from risk-free demo accounts, Orbit Global FX claims to offer four types of live trading accounts, namely OrbitFX, Pro, ECN and VIP. The minimum initial deposit amount is only $50 for the OrbitFX account, while the other three account types have much higher minimum initial capital requirements of $100, $1,200 and $10,000 respectively.
Leverage
The leverage provided by Orbit Global FX is capped at 1:400. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Spreads & Commissions
Orbit Global FX claims that the spread starts from 0.1 pips. For different account types, clients on the OrbitFX account have normal spreads and normal commission; the Pro account has less spreads and normal commission; the ECN account has tight spreads and competitive commission; the VIP account has tight spreads and very less commission.
Trading Platform
Platforms available for trading at Orbit Global FX are MT5 on Mobile (Android, iOS) and Desktop (Windows, mac OS).
In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.
Deposit & Withdrawal
The minimum initial deposit requirement at Orbit Global FX is said to be only $50. However, the broker says nothing about the acceptable deposit and withdrawal methods.
Customer Support
Orbit Global FXs customer support can be reached by telephone: +971 42570725, email: info@orbitglobalfx.com or send messages online to get in touch. You can also follow this broker on social networks such as Twitter, Facebook, Instagram, LinkedIn, Telegram, Skype and WhatsApp. Registered Location: Vistra Corporate Service Center, Wickhams Cay II, Road Town, Tortola, VG1110, British Virgin Islands. Support Office: 1924, Tamani Arts Offices, Business Bay, Dubai.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
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