ORBI TRADE Broker Review

ORBI TRADE Review 4

Latest All(4) Positive(2) Neutral(2)

Positive

ORBI TRADE: Affordable Entry for Beginner Traders with Varied Account Options

ORBI TRADE has a really low minimum deposit, which is perfect for beginners or traders on a budget. And they offer a range of account types to fit different trading styles and goals. Overall, I'm happy with ORBI TRADE's options.

Xukar

2024-07-09

Positive

Real-Time Pricing Meets E-Learning Excellence on Trading Platform

So far so smooth. The real-time pricing is spot on for my trades, and I appreciate how clear they are about fees. Also, their e-learning system is a great touch for brushing up on trading tactics. Excellent platform!

FX1494149797

2024-06-18

Neutral

UPI Deposit Issues: Funds Missing, Bank Errors Plague ORBI TRADE Users

User Interface is very Good. But the only problem is; sometimes I couldn't Deposit via UPI, it shows error or problem with bank or even sometimes money debited but didn't reflected in the ORBI TRADE Account.

FX1669530399

2024-04-30

Neutral

I would like to use my personal experience to remind everyone not to trade with institutions without regulatory licenses just for attractive trading conditions. This is tantamount to playing with fire, you may encounter a reliable company, but the possibility of being scammed is much higher.

正月

2023-02-20

Orbi Trade 2025 Review: Everything You Need to Know

　　Summary: Orbi Trade has emerged as a low-cost entry point for traders, particularly appealing to beginners due to its minimal deposit requirements. However, concerns about its regulatory status and user experience have raised red flags among experts and users alike.

　　Note: It's important to highlight that Orbi Trade operates under different entities across regions, which may affect the regulatory environment and user experience. This review aims to provide a fair and accurate assessment based on available information.

Rating Overview

Category	Score (out of 10)
Account Conditions	6
Tools and Resources	5
Customer Service and Support	4
Trading Setup (Experience)	5
Trustworthiness	3
User Experience	4
Overall Rating	4.5

　　How We Rate Brokers: Our ratings are based on a comprehensive analysis of user feedback, expert opinions, and factual data from various sources.

Broker Overview

　　Founded in 2021, Orbi Trade is an online broker headquartered in Saint Vincent and the Grenadines. It offers a variety of trading options, including forex, commodities, and cryptocurrencies, primarily through the MetaTrader 5 (MT5) platform. While the broker advertises a diverse range of assets, its regulatory status is a significant concern, as it is only registered with the SVG FSA, which does not regulate forex trading.

Detailed Breakdown

　　Regulated Regions: Orbi Trade is registered in Saint Vincent and the Grenadines, which is known for its lax regulatory environment. The SVG FSA does not provide oversight for forex trading, raising concerns about the safety of funds and the reliability of trading practices.
　　Deposit/Withdrawal Currencies/Cryptocurrencies: The platform accepts deposits in USD and allows for bank wire transfers for both deposits and withdrawals. However, specific details on withdrawal methods are limited, which could pose challenges for users.
　　Minimum Deposit: The minimum deposit requirement is notably low at $50, making it accessible for novice traders. This feature is highlighted as a significant advantage for those looking to start trading with limited capital.
　　Bonuses/Promotions: There is limited information on current bonuses or promotions available through Orbi Trade, which may be a drawback for traders seeking additional incentives.
　　Tradable Asset Classes: Orbi Trade offers a variety of assets, including forex pairs, cryptocurrencies, commodities, and CFDs on stocks and indices. This diversity can attract traders looking to explore different markets.
　　Costs (Spreads, Fees, Commissions): The cost structure includes variable spreads starting from 1.5 pips for the recreation account and commissions of $30 per lot. While these rates are competitive, the lack of transparency regarding additional fees has been a concern among users.
　　Leverage: The maximum leverage offered is up to 1:500 for certain account types, which can be appealing for traders looking to maximize their trading potential. However, such high leverage also comes with increased risk.
　　Allowed Trading Platforms: Orbi Trade primarily uses the MT5 platform, which is well-regarded for its advanced charting tools and automated trading capabilities. The availability of the platform on multiple devices enhances user accessibility.
　　Restricted Regions: The broker does not provide clear information on restricted regions, which may lead to confusion for potential users in certain jurisdictions.
　　Available Customer Support Languages: Customer support is primarily offered in English, with limited information available regarding support in other languages. Users have reported challenges in reaching support, contributing to a lower rating in this category.

Rating Breakdown

　　Account Conditions (Score: 6): The low minimum deposit and variety of account types are positives, but the lack of transparency regarding fees detracts from the overall score.
　　Tools and Resources (Score: 5): While the use of MT5 provides robust trading tools, the overall lack of educational resources and market analysis limits the support available to traders.
　　Customer Service and Support (Score: 4): Users have reported difficulties in contacting customer support, which is a critical factor for traders needing assistance.
　　Trading Setup (Experience) (Score: 5): The trading experience is generally smooth, but users have reported issues with deposits and withdrawals, impacting their overall satisfaction.
　　Trustworthiness (Score: 3): The unregulated status of Orbi Trade raises serious concerns about the safety of funds and the reliability of trading practices.
　　User Experience (Score: 4): While the platform is user-friendly, the lack of regulatory oversight and customer support challenges contribute to a less favorable user experience.

Detailed Explanation of Ratings

　　Account Conditions: Orbi Trade's low minimum deposit of $50 is attractive for beginners, but the lack of clarity on fees and commissions diminishes its appeal. The presence of multiple account types caters to different trading styles, but users have noted the need for more transparency.
　　Tools and Resources: The MT5 platform offers a range of tools, but the absence of educational resources and market insights limits traders' ability to make informed decisions. Users have expressed a desire for more comprehensive support materials.
　　Customer Service and Support: Reports of slow response times and difficulties in contacting support have led to a lower rating in this category. Effective customer service is crucial for traders, especially in times of need.
　　Trading Setup (Experience): The overall trading experience is satisfactory, but issues with deposits and withdrawals have been reported, indicating potential operational inefficiencies that could frustrate users.
　　Trustworthiness: The lack of regulation is a significant concern. Many experts warn against trading with unregulated brokers due to the heightened risk of fraud and unfair practices.
　　User Experience: While the platform is generally user-friendly, the regulatory concerns and customer service issues have led to a mixed user experience, with many expressing hesitance about using Orbi Trade for their trading needs.

　　In conclusion, while Orbi Trade offers an accessible entry point for new traders, the lack of regulatory oversight and concerns regarding customer support and transparency warrant caution. Traders are encouraged to consider these factors carefully before engaging with the platform.