Orbit FX Company Overview

Founding Date and Background

Orbit FX is a forex and CFD broker established in 2021. The company aims to provide a comprehensive trading platform for retail and professional investors, focusing on various financial instruments. With a commitment to offering competitive trading conditions, Orbit FX has positioned itself as a player in the global online trading market.

Parent Company/Owning Structure

Orbit FX operates under the ownership of Orbit Global Ltd, which is registered in the British Virgin Islands. This ownership structure allows the company to leverage offshore regulatory frameworks while serving a global clientele.

Headquarters Location

The headquarters of Orbit FX is located in the British Virgin Islands, with an additional registered office in Comoros, specifically on Bonovo Road, Fomboni, Island of Mohéli. This dual presence allows the company to maintain operational flexibility and access to diverse markets.

Global Business Scope

Orbit FX caters to a global audience, providing access to trading services across various regions. The broker offers its services to clients in multiple countries, focusing on both developed and emerging markets.

Main Regulatory Bodies

Orbit FX is regulated by the Mwali International Services Authority (MISA), an offshore regulatory body in Comoros. While this regulatory status allows Orbit FX to operate, it is important to note that MISA does not have the same stringent requirements as top-tier regulators like the FCA or ASIC.

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Company History and Development

Key Milestones

Since its inception in 2021, Orbit FX has achieved several key milestones, including the launch of its trading platform and the introduction of various account types tailored to different trader needs. The company has also expanded its offerings to include over 100 financial instruments.

Business Expansion Journey

Orbit FX has focused on expanding its market presence by enhancing its trading platform and introducing new features. The broker has also aimed to increase its customer base through targeted marketing strategies and partnerships.

Customer Base Growth

The company has seen a steady growth in its customer base, attributed to its competitive minimum deposit requirements and the availability of a demo account. This growth reflects the increasing interest in online trading among retail investors.

Platform Development History

Orbit FX utilizes the MetaTrader 5 (MT5) trading platform, which is known for its advanced trading capabilities and user-friendly interface. The broker has continuously updated its platform to include new features, such as copy trading and a range of analytical tools.

Important Awards or Recognitions Received

As a relatively new broker, Orbit FX has yet to receive significant industry awards or recognitions. However, its commitment to providing a user-friendly trading experience has been noted in various reviews.

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Trading Services Offered

Forex Trading Options

Orbit FX offers a diverse range of forex trading options, including over 100 currency pairs. This extensive selection allows traders to engage in various trading strategies, catering to both beginners and experienced traders.

Stock Trading Options

While Orbit FX primarily focuses on forex and CFDs, it also provides access to stock trading options. However, specific details regarding the number of stocks available for trading are not extensively detailed in their offerings.

CFD Trading Products

The broker offers a variety of CFD trading products, including indices, commodities, and cryptocurrencies. This range of instruments allows traders to diversify their portfolios and capitalize on market movements across different asset classes.

Other Financial Instruments

In addition to the aforementioned products, Orbit FX provides trading options for cryptocurrencies, including popular coins such as Bitcoin and Ethereum. The inclusion of commodities like gold and oil further enhances the trading opportunities available to clients.

Special Services or Unique Advantages

Orbit FX offers several unique advantages, including a low minimum deposit requirement of $50, a demo account for practice trading, and a copy trading feature that allows less experienced traders to follow and replicate the strategies of successful traders.

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Regulatory and Legal Background

Detailed Regulatory Information

Orbit FX is regulated by the Mwali International Services Authority (MISA) in Comoros. While this regulatory status allows the broker to operate, it is considered an offshore regulation, which may not provide the same level of investor protection as top-tier authorities.

Legal Entity Structure by Region

The legal entity structure of Orbit FX is primarily based in the British Virgin Islands and Comoros. This structure enables the broker to operate in various jurisdictions while adhering to local regulations.

Client Fund Protection Measures

As an offshore broker, Orbit FX does not provide extensive client fund protection measures commonly found in brokers regulated by top-tier authorities. Clients should be aware of the associated risks when trading with an offshore broker.

Countries/Regions Served

Orbit FX serves a global clientele, with a focus on regions where online trading is gaining popularity. However, specific restrictions may apply in certain jurisdictions due to regulatory compliance.

Compliance History

Due to its recent establishment, Orbit FX does not have a long compliance history. However, the broker's regulatory status under MISA indicates that it is subject to the authority's oversight, albeit with limited investor protection.

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Competitive Landscape

3-5 Main Competitors

Orbit FX faces competition from several established brokers in the online trading space, including:

• eToro - Known for its social trading features and a wide range of instruments.
• IG Group - A well-regulated broker with a comprehensive offering of trading products.
• Saxo Bank - Offers a robust trading platform and a wide array of financial instruments.
• OANDA - Renowned for its forex trading services and competitive spreads.

Positioning in the Industry

Orbit FX positions itself as an accessible broker for retail traders, especially those looking for a low-cost entry into forex trading. Its offshore regulatory status may appeal to traders seeking less stringent requirements for account opening and trading.

Market Differentiation Factors

Orbit FX differentiates itself through its low minimum deposit requirement, the availability of a demo account, and a user-friendly trading platform. However, its offshore regulatory status may deter some traders who prioritize security and investor protection.

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In conclusion, while Orbit FX offers a range of trading services and features that may appeal to retail traders, potential clients should carefully consider the risks associated with trading with an offshore broker. It is essential for traders to conduct thorough research and evaluate their options before opening an account with any broker, including Orbit FX. For more information about safe trading practices and broker selection, learn more.