OrbitGTM Forex Broker

OrbitGTM Forex Broker - Complete Information Guide

1. Broker Overview

　　OrbitGTM, established in 2020, is an online trading platform operated by Aurora Solutions Ltd. The company is headquartered in the Commonwealth of Dominica, a jurisdiction known for its offshore financial services. OrbitGTM is a privately held entity, providing a range of trading solutions primarily focused on retail forex trading, CFDs, and cryptocurrency markets.

　　Since its inception, OrbitGTM has aimed to cater to a diverse clientele, including both novice and experienced traders. The platform has witnessed significant growth, capitalizing on the increasing interest in online trading, particularly during the COVID-19 pandemic, which prompted many to seek alternative income sources. OrbitGTM has positioned itself as a competitive player in the online trading space, offering various trading instruments and account types to meet the needs of its users.

　　The brokerage focuses on delivering a user-friendly trading experience, supported by a team of professionals with expertise in trading, finance, and technology. OrbitGTM operates primarily in the retail trading sector, providing services that facilitate access to global financial markets.

2. Regulation and Compliance Information

　　OrbitGTM operates without any regulatory oversight, which poses significant risks to its clients. The broker is not affiliated with any major financial regulatory bodies such as the Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), or the Cyprus Securities and Exchange Commission (CySEC). Consequently, clients have no legal recourse should issues arise with their funds or trading activities.

　　The lack of regulation means that OrbitGTM does not provide client fund segregation, which is a standard practice among regulated brokers to protect investor assets. Additionally, there is no participation in investor compensation schemes, which would typically offer some protection to clients in the event of broker insolvency.

　　OrbitGTM claims to adhere to Know Your Customer (KYC) and Anti-Money Laundering (AML) policies, requiring traders to provide identification and proof of residence during the account opening process. However, without regulatory oversight, the effectiveness of these measures remains questionable.

3. Trading Products and Services

　　OrbitGTM offers a diverse range of trading products, catering to the interests of various traders. The platform provides access to:

• 　　Forex Trading: OrbitGTM supports approximately 180 currency pairs, including major pairs like EUR/USD and GBP/USD, as well as minor and exotic pairs.

• 　　CFDs: The broker allows trading in various categories of CFDs, including indices, commodities, stocks, and cryptocurrencies. This broad selection enables traders to diversify their portfolios.

• 　　Cryptocurrencies: OrbitGTM features a comprehensive range of over 1,500 cryptocurrencies, including prominent options such as Bitcoin, Ethereum, and Litecoin.

　　The platform is committed to updating its product offerings regularly, ensuring that traders have access to the latest market trends. Additionally, OrbitGTM provides retail trading services, focusing on user experience and accessibility, while also catering to institutional clients through tailored solutions.

4. Trading Platform and Technology

　　The trading experience at OrbitGTM is facilitated through a proprietary web-based platform that is designed to be user-friendly and accessible from various devices. Unfortunately, the platform does not support popular trading software such as MetaTrader 4 (MT4) or MetaTrader 5 (MT5), which are preferred by many traders for their advanced features and reliability.

　　The web trader is designed to provide essential tools for traders, including live price charts and trading signals. Additionally, OrbitGTM offers mobile applications for both iOS and Android devices, allowing traders to manage their accounts and execute trades on the go.

　　The platform operates under a Market Making model, where the broker acts as the counterparty to trades. This model can lead to potential conflicts of interest, as the broker benefits from clients' losses. However, OrbitGTM emphasizes a commitment to providing a seamless trading experience, backed by robust technology and infrastructure.

5. Account Types and Trading Conditions

　　OrbitGTM offers a variety of account types to accommodate traders with different experience levels and investment capacities. The available accounts include:

• Bronze Account: Requires a minimum deposit of $250 and provides basic trading features.
• Silver Account: Requires a deposit of $10,000 and offers additional services, including full access to the educational center.
• Gold Account: Requires a deposit of $50,000 and includes senior account analyst support and private education sessions.
• Platinum Account: Requires a deposit of $100,000 and features enhanced educational resources and access to a senior account chief analyst.
• Diamond Account: Requires a deposit of $250,000 and offers extensive services, including a savings account and participation in the diamond trading program.
• VIP Account: Designed for high-net-worth individuals, requiring a minimum deposit of $500,000 and providing exclusive benefits.

　　Leverage ratios vary across account types, with some accounts offering leverage up to 1:7. The minimum trade size and overnight fees are outlined in the account specifications, ensuring transparency for traders.

6. Fund Management

　　OrbitGTM supports several deposit methods, including bank transfers, credit cards, and e-wallets. The minimum deposit requirement varies by account type, starting at $250 for the Bronze Account.

　　Deposits are processed quickly, allowing traders to begin trading without delay. Importantly, OrbitGTM does not charge fees for deposits or withdrawals, which is a significant advantage compared to many other brokers.

　　Withdrawal methods are limited to those used for deposits, and clients must provide KYC documentation to process their requests. The withdrawal processing time can vary, but OrbitGTM aims to ensure a smooth experience for clients.

7. Customer Support and Educational Resources

　　OrbitGTM offers customer support through multiple channels, including phone, email, and live chat. The support team is available 24/7, providing assistance to traders regardless of their time zone.

　　The broker supports multiple languages, catering to its diverse client base. Educational resources are also a focus for OrbitGTM, offering video tutorials, e-books, and market analysis services to help traders enhance their skills and knowledge.

　　Additionally, the platform provides trading tools such as economic calendars and calculators to aid traders in making informed decisions.

8. Regional Coverage and Restrictions

　　OrbitGTM primarily serves clients in Europe, particularly in countries such as the Netherlands, Sweden, Norway, and Denmark. However, the broker does not accept clients from the United States due to regulatory restrictions.

　　The platform is accessible in several languages, including English, German, Danish, Swedish, and Dutch, ensuring that it can cater to a broad audience. However, potential clients should be aware of the risks associated with trading through an unregulated broker like OrbitGTM.

　　In conclusion, while OrbitGTM presents various trading opportunities and features, the lack of regulation and potential risks associated with offshore brokers should be carefully considered by prospective traders before making any investment decisions.