ORION MARKETS Forex Broker

ORION MARKETS Review Summary Founded2020 Registered Country/RegionComoros RegulationNo Regulation Market InstrumentsForex, Indices, Commodities, Shares Demo Account/ Islamic Account✅ LeverageUp to 1:1000 SpreadFrom 1.3 pips (Standard account) Trading PlatformMT4, MT5 Minimum Deposit$10 Customer SupportTel: +359 (2) 4928402 Email: info@orionmarkets.netORION MARKETS Information ORION MARKETS is an unregulated broker. It offers Forex, Indices, Commodities, and Shares on the MT4 and MT5 platforms, with a $10 minimum deposit, up to 1:1000 leverage, and variable spreads. Most accounts are commission-free with standard swaps, while VIP has a $6 commission and an Islamic swap-free option is available.Pros and Cons Pros Cons Various trading marketsLack of regulation Islamic accountUnknown payments Multiple account types MT4 and MT5 platforms No deposit/withdrawal fee Low minimum depositIs ORION MARKETS Legit? ORION MARKETS is an unregulated broker. Please be aware of the risk!What Can I Trade on ORION MARKETS? ORION MARKETS offers trading in Forex, Indices, Commodities, and Shares. Tradable Instruments Supported Forex✔ Commodities✔ Shares✔ Indices✔ Cryptocurrencies❌ Bonds❌ Options❌ ETFs❌Account Type ORION MARKETS offers five types of accounts. Account TypeStandardPremiumVIPIslamicCent FeaturesLow deposit (10), full market access, optional bonusHigher deposit (250), attractive conditions, no bonusHigh deposit (1,000), raw spreads, competitive commissionSwap-free, no Riba, ideal for Islamic financeLow risk, good for beginners, trade with small real funds Account Base CurrenciesZAR, USD, GBP, EURUSD Minimum DepositUSD 10USD 250USD 1,000USD 10 LeverageUp to 1:500Up to 1:1000 Minimum Trade Size0.01 lots Spread from1.3 pips1 pip0.5 pips1.3 pips1.6 pips Commission 0USD 60 Swap Fees✔❌✔/❌ Margin Call50604050 Stop Out30201030 Order ExecutionMarket Execution One-Click Trading✔ Bonus✔❌✔Leverage ORION MARKETS offers varying leverage, with options up to 1:1000 for ORION CENT, while 1:500 for other account types. Note that the larger the trading volume the account is, the smaller the leverage will be applied to avoid exponential growth of possible losses.ORION MARKETS Fees ORION MARKETS offers spread from 0.5 pips. The ORION VIP account charges a $6 commission. Swap fees apply to most accounts, with a swap-free option available for the Islamic account. Account TypeStandardPremiumVIPIslamicCent Spread from1.3 pips1 pip0.5 pips1.3 pips1.6 pips Commission 0USD 60 Swap Fees✔❌✔/❌Trading Platform Trading PlatformSupported Available Devices Suitable for MT4✔PC, MobileBeginners MT5✔PC, MobileExperienced tradersDeposit and Withdrawal ORION MARKETS charges no fees for deposits and withdrawals. However, the available payment methods are not revealed.