ORBITRADE broker Accounts

orbitrade Account Types & Opening Guide 2025: Complete Comparison and Registration Steps

Part 1: orbitrade Account Types Overview

orbitrade Account Types Explained

Orbitrade offers a variety of account types tailored to different trading needs and levels of experience. Below are the available account types along with their key features:

1. Recreation Account

• Minimum Deposit: $50
• Spread/Commission Structure: Starting from 1.5 pips; $3 commission per 0.1 lot
• Leverage Options: 1:200
• Key Features: Ideal for beginners; offers a low entry barrier.
• Target User Profile: Beginners
• Trading Instruments Available: Forex, Commodities, Indices

1. Professional Account

• Minimum Deposit: $1,000
• Spread/Commission Structure: Starting from 0.8 pips; $3 commission per 0.1 lot
• Leverage Options: 1:200
• Key Features: Lower spreads for more experienced traders.
• Target User Profile: Intermediate to advanced traders
• Trading Instruments Available: Forex, Commodities, Indices

1. Islamic Account

• Minimum Deposit: $2,500
• Spread/Commission Structure: Starting from 0.8 pips; $3 commission per 0.1 lot
• Leverage Options: 1:200
• Key Features: Swap-free account compliant with Islamic finance principles.
• Target User Profile: Traders seeking Sharia-compliant options
• Trading Instruments Available: Forex, Commodities, Indices

1. Signature Account

• Minimum Deposit: $35,000
• Spread/Commission Structure: Starting from 0.8 pips; $2.50 commission per 0.1 lot
• Leverage Options: 1:200
• Key Features: Designed for high-volume traders with the best trading conditions.
• Target User Profile: Institutional or high-net-worth traders
• Trading Instruments Available: Forex, Commodities, Indices, Cryptocurrencies

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Recreation Account
• Intermediate Traders: Professional Account
• Islamic Traders: Islamic Account
• Advanced/Institutional Traders: Signature Account

Part 2: orbitrade Account Features Comparison

Detailed orbitrade Account Features

When comparing the features of the different orbitrade account types, consider the following aspects:

• Minimum Deposit:

• Recreation: $50

• Professional: $1,000

• Islamic: $2,500

• Signature: $35,000

• Maximum Leverage:

• All accounts offer up to 1:200 leverage.

• Spreads (Typical/Minimum):

• Recreation: Starting from 1.5 pips

• Professional, Islamic, Signature: Starting from 0.8 pips

• Commission Fees:

• Recreation: $3 per 0.1 lot

• Professional: $3 per 0.1 lot

• Islamic: $3 per 0.1 lot

• Signature: $2.50 per 0.1 lot

• Lot Size:

• Minimum lot size for all accounts is 0.01 (micro lot).

• Available Trading Platforms:

• MetaTrader 4 (MT4) and MetaTrader 5 (MT5) for all accounts.

• Execution Type:

• Market execution for all account types.

• Islamic Account Availability:

• Yes, available for those who require swap-free options.

• Swap-Free Options:

• Islamic Account is specifically designed to be swap-free.

• Demo Account Features:

• Available for all account types to practice trading without risk.

Advantages of Each Account Type

• Recreation Account:

• Low minimum deposit, suitable for beginners.

• Access to a variety of trading instruments.

• Professional Account:

• Lower spreads, ideal for active traders.

• Enhanced trading conditions.

• Islamic Account:

• Compliant with Islamic finance principles.

• No swap fees.

• Signature Account:

• Best trading conditions for high-volume traders.

• Personalized service and support.

Disadvantages of Each Account Type

• Recreation Account:

• Higher spreads compared to professional accounts.

• Limited features for advanced trading.

• Professional Account:

• Higher minimum deposit than the recreation account.

• May not be suitable for absolute beginners.

• Islamic Account:

• Higher minimum deposit requirement.

• Limited to traders needing swap-free conditions.

• Signature Account:

• Very high minimum deposit.

• May not be accessible for average retail traders.

Part 3: orbitrade Account Opening Requirements

orbitrade Account Registration Requirements

To open an account with orbitrade, the following eligibility criteria and documentation are required:

• Eligibility Criteria:

• Age Requirements: Must be at least 18 years old.

• Geographic Restrictions: Available in most countries, but specific regions may be restricted.

• Prohibited Countries: Certain jurisdictions may be prohibited; check the orbitrade website for details.

• Identity Verification Documents Needed:

• Government-issued ID (passport or national ID).

• Proof of residence (utility bill or bank statement).

• Additional Documentation for Professional Accounts:

• May require financial statements or proof of trading experience.

• KYC/AML Compliance Procedures:

• All clients must complete Know Your Customer (KYC) and Anti-Money Laundering (AML) checks.

• Verification Time Frames:

• Account verification typically takes 1-3 business days, depending on the completeness of the submitted documents.

Part 4: orbitrade Account Opening Process

Step-by-Step orbitrade Account Opening Guide

1. Visit Website and Click Registration:

• Go to the official orbitrade website orbitrades.com and click on the "Sign Up" or "Register" button.

1. Personal Information Entry:

• Fill out the registration form with your personal details, including name, email, and phone number.

1. Choose Account Type:

• Select the type of account you wish to open (Recreation, Professional, Islamic, Signature).

1. Set Trading Preferences:

• Choose your preferred trading currency and set your trading preferences.

1. Document Upload:

• Upload the required identity verification documents.

1. Account Verification:

• Wait for account verification, which may take a few days.

1. Fund Your Account:

• Once verified, deposit funds into your account to start trading.

1. Start Trading:

• Download the trading platform (MT4/MT5) and begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, but mobile users may have a more streamlined interface.

Common Registration Issues and Solutions

• Email Not Received: Check your spam folder or request a new verification email.
• Invalid Phone Number: Ensure the phone number entered is correct and in the proper format.

Average Account Approval Time

• Account approval typically takes between 1-3 business days, depending on the completeness of the submitted documents.

How to Upgrade/Downgrade Account Types

• To change your account type, contact orbitrades customer support for guidance on the process.

Part 5: orbitrade Demo Account Information

orbitrade Demo Account Guide

• Demo Account Features and Benefits:

• Allows traders to practice trading strategies without financial risk.

• Access to the same trading platform and features as live accounts.

• How to Open a Demo Account:

• Visit the orbitrade website and select the option to open a demo account. Follow the registration steps similar to opening a live account.

• Demo Account Limitations:

• Limited to a virtual balance, which may vary by broker.

• Virtual Balance Amount:

• Typically starts with a virtual balance of $10,000 or more.

• Demo vs Live Account Differences:

• Demo accounts simulate trading conditions but do not involve real money.

• Duration/Expiry of Demo Accounts:

• Demo accounts may expire after a certain period, often 30 days, but can be renewed.

Part 6: orbitrade Islamic Account Details

orbitrade Islamic Account Details

• Swap-Free/Islamic Account Availability:

• Yes, orbitrade offers Islamic accounts that comply with Sharia law.

• Eligibility Requirements:

• Must specify the need for a swap-free account during registration.

• Differences from Standard Accounts:

• Islamic accounts do not incur swap fees, making them suitable for Muslim traders.

• How to Apply for Islamic Account:

• Select the Islamic account option during the account registration process.

• Restrictions or Special Conditions:

• Must adhere to the principles of Islamic finance, including no interest charges.

FAQs – orbitrade Account Types & Opening

1. What account types does orbitrade offer？

• Orbitrade offers Recreation, Professional, Islamic, and Signature accounts.

1. What is the minimum deposit for each account type？

• Recreation: $50, Professional: $1,000, Islamic: $2,500, Signature: $35,000.

1. How long does orbitrade account verification take？

• Typically 1-3 business days.

1. Does orbitrade offer demo accounts？

• Yes, orbitrade provides demo accounts for practice trading.

1. Can I have multiple account types with orbitrade？

• Yes, traders can open multiple accounts.

1. Does orbitrade offer Islamic/swap-free accounts？

• Yes, Islamic accounts are available.

1. What documents do I need to open a orbitrade account？

• A government-issued ID and proof of residence.

1. Can I change my account type after registration？

• Yes, you can contact customer support to change your account type.