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Orbit Network

China|2-5 years|
Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|

https://www.orbitnetwork.com

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https://www.orbitnetwork.com

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No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

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40G

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Warning: Low score, please stay away!
Previous Detection : 2024-03-02
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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Orbit Network · Company Summary

Aspect Information
Registered Country/Area China
Founded Year 1-2 years ago
Company Name Orbit Network
Regulation No regulation
Trading Platforms Orbit Trading Platform (Orbitex), Internet of Things (IoT) platform
Tradable Assets Forex, CFDs, Commodities, Cryptocurrencies
Account Types Not specified
Customer Support Not specified
Educational Tools Economic Calendar

Overview of Orbit Network:

Orbit Network is a company at the forefront of utilizing blockchain technology to transform different industries. By offering a range of services and platforms, Orbit Network aims to enable businesses and individuals to tap into the potential of blockchain and cryptocurrencies.

One of the key areas of focus for Orbit Network is blockchain integration. They assist organizations in incorporating blockchain technology into their existing systems, ensuring enhanced security, decentralization, and transparency.

In the realm of cryptocurrency, Orbit Network provides a trading platform that allows users to engage in various trading activities. They offer features like real-time portfolio monitoring, intuitive trading interfaces, and training modules to help users make informed trading decisions. By facilitating cryptocurrency trading, Orbit Network enables individuals to capitalize on the volatility and potential profits of the digital asset market.

Additionally, Orbit Network recognizes the growing importance of the Internet of Things (IoT) and its potential to generate massive amounts of valuable data. They leverage IoT technology to analyze and utilize this data through predictive analytics, Big Data Analytics (BDA), and machine learning. This enables businesses to gain insights, automate processes, and make data-driven decisions in real-time.

While Orbit Network offers a range of benefits and opportunities, it's important to consider potential drawbacks. Some of their services may lack regulatory oversight, raising concerns about transparency and security. Engaging in trading activities always carries inherent risks, and users should be aware of the potential financial risks involved. Furthermore, the available information about Orbit Network may be limited, which can make it challenging to fully evaluate all aspects of their services.

In conclusion, Orbit Network aims to empower businesses and individuals through blockchain integration, cryptocurrency trading, and IoT solutions. Their offerings provide opportunities for enhanced efficiency, security, and growth. However, it's crucial for individuals to conduct thorough research, understand the associated risks, and consider their specific needs before engaging with Orbit Network's services.

basic-info

Pros and Cons

Orbit Network is a blockchain-based platform that offers a range of services in the areas of blockchain integration, ICO/STO support, system integration, cryptocurrency payment infrastructure, and product development. Additionally, it provides trading platforms and emphasizes the importance of leveraging Internet of Things (IoT) technology. While there are advantages to utilizing Orbit Network's services, it's essential to consider the potential drawbacks as well. Here, we present a table summarizing the pros and cons of Orbit Network:

Pros Cons
1. Range of Services: Offers diverse blockchain-related services. 1. Lack of Regulatory Oversight: Some services may lack regulatory oversight.
2. Trading Platforms: Intuitive and seamless trading experience. 2. Potential Risks in Trading: Trading carries inherent risks.
3. Focus on IoT: Leverages IoT technology for data analysis. 3. Limited Information: Available information about services is limited.
4. Educational Resources: Provides educational support for traders.

Is Orbit Network Legit?

The provided information indicates that the Orbit Network, specifically its VPS Standard service, does not have any regulatory oversight. It states that there is no valid regulatory information available and advises caution due to the associated risks.

Furthermore, it mentions that there are no restrictions on the broker account, and customer support is provided by WikiFX. The mention of “Low score” and the warning to stay away suggests that the broker has received a negative assessment or evaluation.

To ensure a safe and secure trading experience, it is generally recommended to work with brokers and platforms that are regulated by reputable financial authorities. Regulatory oversight helps protect the interests of traders and ensures that certain standards and regulations are followed in the financial industry.

regulation

Market Instruments

The trading platforms offered by Orbit Network include:

  • Forex Trading: This platform allows users to trade in the foreign exchange market. Forex trading involves buying and selling different currencies with the aim of making a profit from the fluctuations in their exchange rates.

  • CFD Trading: CFD stands for Contract for Difference. It is a trading method that enables individuals to speculate on the price movements of various financial instruments without owning the underlying asset. With CFD trading, users can trade on a wide range of assets, including stocks, indices, commodities, and cryptocurrencies.

  • Commodities Trading: The commodities trading platform provided by Orbit Network allows users to trade commodities such as oil, gold, silver, agricultural products, and more. Commodities trading involves buying and selling contracts based on the future price of these physical goods.

  • Crypto Trading: Orbit Network also offers a platform for trading cryptocurrencies. Cryptocurrency trading involves buying and selling digital currencies such as Bitcoin, Ethereum, Litecoin, and many others. Traders can take advantage of the price volatility in the cryptocurrency market to make profits.

It's important to note that when engaging in any form of trading, it's advisable to conduct thorough research, understand the risks involved, and only invest funds that you can afford to lose. Additionally, it is recommended to use regulated platforms that provide transparency, security, and reliable customer support.

Pros and Cons

Pros Cons
1. Forex Trading: Access to the foreign exchange market. 1. Market Volatility: Forex trading can be highly volatile and risky.
2. CFD Trading: Ability to speculate on various assets. 2. Potential Losses: Trading CFDs involves the risk of significant losses.
3. Commodities Trading: Opportunity to trade physical goods. 3. Price Fluctuations: Commodity prices can be subject to significant changes.
4. Crypto Trading: Access to the cryptocurrency market. 4. Regulatory Uncertainty: Cryptocurrency regulations can be uncertain.

Service

Orbit Network provides several services in the blockchain and cryptocurrency space. These services include:

1. Blockchain Integration: Orbit Network assists businesses and organizations in integrating blockchain technology into their systems. This involves incorporating the decentralized and secure nature of blockchain into existing infrastructure or developing new blockchain-based solutions.

services

2. ICO/STO Services: Orbit Network supports Initial Coin Offerings (ICOs) and Security Token Offerings (STOs). These fundraising methods enable companies to raise capital by issuing tokens on the blockchain. Orbit Network helps with the planning, execution, and marketing of ICOs/STOs, including token creation, smart contract development, and regulatory compliance.

3. System Integration: Orbit Network offers system integration services for blockchain applications. This involves integrating blockchain technology with existing systems and platforms, ensuring seamless interaction and data flow between blockchain and other components of the system.

4. Cryptocurrency Payment Infrastructure: Orbit Network assists businesses in integrating cryptocurrency payment infrastructure into their websites and applications. This enables users to make purchases using cryptocurrencies, improving the convenience and accessibility of digital asset transactions.

5. Product Development: Orbit Network supports individuals and businesses in developing their own cryptocurrencies or tokens. They provide guidance and tools for creating and customizing cryptocurrencies, including open-source code modification and utilizing cryptocurrency development platforms.

Through these services, Orbit Network aims to leverage blockchain technology to enhance security, transparency, and efficiency in various sectors, including finance, commerce, and product development. It provides solutions for businesses looking to adopt blockchain, raise funds through token offerings, integrate cryptocurrency payments, and explore new opportunities in the decentralized digital economy.

digital-services

Trading Platforms

Orbit Network offers multiple trading platforms and also showcases a selection of recommended apps, including the following:

1. Orbit Trading Platform (Orbitex): Orbitex is a multi-trading platform designed to provide an intuitive and seamless trading experience. It is built using the latest technology and optimized for speed and accessibility across different devices. The platform aims to improve conversions and offers performance metrics. Orbitex addresses the issue of inadequate knowledge in the trading space by providing market news, trade signals, and dedicated training modules. Users can also monitor their trading portfolio in real-time.

2. Internet of Things (IoT): Orbit Network emphasizes the importance of IoT, which refers to the network of physical objects, devices, and appliances that are connected and exchange data over the internet or through GPS satellites. Orbit Network leverages IoT technology to analyze and utilize the massive amount of data generated by smart devices in real-time. This involves predictive analytics, Big Data Analytics (BDA), and machine learning to extract insights and trigger automated actions without human intervention.

In addition to the trading platform and IoT focus, Orbit Network also highlights a section called “Staff Picks” where they recommend various apps related to different aspects of success in business. Some of the mentioned apps include ATracket, TED, Elevate, and Mindly. These selections vary each month and aim to showcase diverse and noteworthy apps.

services

Pros and Cons

Pros Cons
Multiple trading platforms available (Orbitex, IoT) No regulatory oversight
Support for ICO/STO services and system integration Lack of specific information (minimum deposit, maximum leverage, spreads)
Market access to forex, CFDs, commodities, and cryptocurrencies No information about account types, demo account, and Islamic account
Real-time monitoring of trading portfolio Limited details on deposit and withdrawal methods
Support for ICO/STO services and system integration Customer support provided by third party (WikiFX)
Integration of blockchain technology in systems

Trading Tools

Based on the provided information, Orbit Network offers trading tools related to the economic calendar. These tools can be valuable for traders as they provide important information about economic events and market closures that may impact trading activities.

The Economic Calendar is a tool that provides a schedule of upcoming economic events, such as economic indicators, central bank meetings, and other significant announcements. Traders can refer to the economic calendar to stay informed about key events that might influence market volatility and make more informed trading decisions.

Trading Hours

Orbit Network operates during regular trading hours based on the market it is associated with. As trading hours can vary depending on the specific market, it is important for users to refer to the relevant market's trading schedule. For example, if it is associated with the New York Stock Exchange (NYSE), the regular trading hours would typically be from 9:30 a.m. to 4 p.m. local time. It is advisable for users to check the specific trading hours of the market they are interested in trading on through reliable sources or the official exchange website.

Educational Resources

Orbit Network provides education and resources for individual traders and non-commercial traders. They focus on the class of Non-Commercial Traders, which includes institutional investors and speculative stock traders in the futures market. They offer attention and support to this class of traders.

They also acknowledge the category of Non-Reporting Traders, who are not required to report their positions to the regulatory authorities. The specific details about these traders are not known.

In addition to individual traders, Orbit Network recognizes that a significant portion of corporate traders are individual speculators. They provide insights into the actions of large institutional traders through reports such as the Commitment of Traders (COT) report. These reports offer information on the positions of institutional traders and small speculators in various asset classes such as stocks, commodities, and currencies.

By analyzing these reports, traders can gain an understanding of market trends and the actions of significant players. For example, the COT report in commodity trading provides information on the positions of institutional traders and small speculators, helping traders identify bullish or bearish biases in specific markets.

Orbit Network emphasizes the importance of understanding and interpreting these reports to make informed trading decisions. They provide education and resources tailored to the needs of individual traders, who are the primary focus of their educational efforts.

Pros Cons
1. Tailored for Traders: Educational resources designed specifically for individual traders. 1. Limited Information: The extent and depth of available educational resources may be limited.
2. Focus on Non-Commercial Traders: Provides attention and support to institutional investors and speculative stock traders. 2. Lack of Clarity on Non-Reporting Traders: Details about non-reporting traders are not known.
3. Insights into Institutional Traders: Offers reports like the Commitment of Traders (COT) report, providing information on the positions of institutional traders and small speculators.

Conclusion

Orbit Network offers a range of services and platforms in the blockchain, cryptocurrency, and trading space. They provide solutions for businesses to integrate blockchain technology, support ICOs/STOs, and develop cryptocurrency payment infrastructure. Their trading platforms, such as Orbitex, aim to provide an intuitive and seamless trading experience, with features like real-time portfolio monitoring and market news. Orbit Network also emphasizes the importance of leveraging IoT technology for data analysis and automation. However, it's worth noting that the information provided raises concerns about the lack of regulatory oversight for some of their services. Additionally, engaging in trading activities involves risks, and it's important to conduct thorough research and work with regulated platforms for a safe and secure trading experience. Overall, Orbit Network offers a comprehensive suite of services but caution should be exercised due to the potential risks involved.

FAQs

Q: Is Orbit Network a regulated platform?

A: Orbit Network does not mention any regulatory oversight for its VPS Standard service, raising concerns about its legitimacy and associated risks.

Q: What trading options are available on Orbit Network?

A: Orbit Network offers a range of trading options, including Forex trading (currency pairs), CFD trading (stocks, indices, commodities, cryptocurrencies), commodities trading (such as oil, gold, silver), and crypto trading (digital currencies).

Q: What services does Orbit Network provide?

A: Orbit Network provides services such as blockchain integration to businesses, support for ICOs and STOs, system integration for blockchain applications, cryptocurrency payment infrastructure setup, and assistance in product development for cryptocurrencies or tokens.

Q: Which trading platform does Orbit Network offer?

A: Orbit Network offers the Orbitex trading platform, which aims to provide an intuitive and seamless trading experience. It is designed to be user-friendly, optimized for speed, and accessible across different devices.

Q: Are there any trading tools available on Orbit Network?

A: Orbit Network provides trading tools related to the economic calendar, which helps traders stay informed about important economic events and market closures that may impact their trading activities.

Q: Does Orbit Network offer educational resources?

A: Orbit Network offers educational resources for individual and non-commercial traders, focusing on non-commercial traders and providing insights into the actions of institutional traders through reports like the Commitment of Traders (COT) report.

Broker Information

Company Name

Orbit Network

Company Abbreviation

Orbit Network

Regulatory Status

No Regulation

Platform registered country and region

China

Phone of the company

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Twitter

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Company Summary

User Reviews

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Rangrate
more than one year
My Orbit Network forex trading account got locked, and I couldn't remember my password. I reached out to the live chat for assistance, and I must say, the customer service provided by Jennie was exceptional. She was not only prompt in responding but also extremely helpful, guiding me accurately through the steps I needed to take to resolve the issue.
2024-02-01 10:21
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一砂天堂
more than one year
Orbit Network is a shameless scam forex company. They made unrealistic promises and pressured me into investing more money than I was comfortable with. When it came time to withdraw my funds, they made it nearly impossible and ignored my repeated requests for help. I wish they were punished soon!
2023-03-24 13:55
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苗春乐
more than one year
One of the best trading experience I’ve had in my history as a trader. I particularly love their customer care service. Very good and quick services, the support team are very helpful.
2023-02-24 16:58
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