Orbis Review 1
Great customer service. They are very knowledgeable and have good information. I got answers to all my questions, and they made things go very smoothly for me. Thank you, guys.
Orbis Forex Broker provides real users with 1 positive reviews, * neutral reviews and * exposure review!
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Great customer service. They are very knowledgeable and have good information. I got answers to all my questions, and they made things go very smoothly for me. Thank you, guys.
Summary: The Orbis brokerage has garnered mixed reviews from traders, with significant concerns regarding its regulatory status and customer support. While it offers a range of trading instruments, the lack of regulation and high spreads have led many experts to advise caution when considering this broker.
Note: It is essential to recognize that different entities operate under the "Orbis" name across various regions, which may impact regulatory oversight and user experience. This review aims for fairness and accuracy by synthesizing information from multiple sources.
Category | Rating (out of 10) |
---|---|
Account Conditions | 4.0 |
Tools and Resources | 5.0 |
Customer Service and Support | 3.0 |
Trading Setup (Experience) | 4.0 |
Trustworthiness | 2.0 |
User Experience | 3.5 |
We rate brokers based on user feedback, expert opinions, and available data.
Founded in 2009, Orbis Financial Corporation operates primarily in India and offers a range of financial services, including forex and CFDs. The broker provides access to various trading instruments but has faced criticism for its lack of robust regulatory oversight. Notably, it does not support widely recognized trading platforms like MT4 or MT5, instead offering a proprietary web-based platform. According to multiple sources, Orbis is unregulated, raising concerns about the safety of client funds.
Orbis operates without robust regulatory oversight, which is a significant red flag for potential clients. While it claims to be associated with Norvesta Investments Pty Ltd in South Africa, many reviews indicate that this regulatory affiliation is questionable. For instance, according to WikiFX, Orbis lacks valid regulatory information and poses a high potential risk for traders.
Orbis accepts various payment methods, including credit cards and bank wire transfers. However, users have reported issues with withdrawal requests, often citing delays and lack of transparency regarding fees. As mentioned in Review-Center.org, some clients have expressed frustration over being unable to withdraw funds promptly.
The minimum deposit requirement for trading accounts at Orbis is relatively low, with reports indicating that users can start trading with as little as $500. However, the lack of clarity regarding account types and associated features raises concerns about the overall value offered by the broker.
Orbis claims to provide access to a diverse array of trading instruments, including forex pairs, commodities, and indices. However, the high spreads—starting around 3 pips for major currency pairs—are considerably less competitive compared to other brokers, as highlighted by Forex Brokerz.
The trading costs at Orbis can be high, with spreads reported to be significantly wider than those offered by reputable brokers. This lack of transparency regarding fees may deter potential clients from committing to this broker. As noted by PediaFX, the absence of detailed fee structures further complicates the decision-making process for traders.
Orbis offers high leverage ratios, reportedly up to 1:500. While this may appeal to some traders, it also poses substantial risks, particularly for inexperienced investors. The high leverage, combined with the lack of regulatory safeguards, makes trading with Orbis a potentially hazardous endeavor.
Orbis does not support popular trading platforms like MT4 or MT5, opting instead for a proprietary web-based platform. While some users may find this platform user-friendly, it lacks the advanced features and customizability that many traders prefer. The absence of dedicated mobile applications is another drawback that may affect the overall trading experience.
Orbis does not provide clear information about restricted regions, which may pose challenges for international traders. The lack of transparency in this area could lead to complications for users attempting to access their accounts or funds from specific locations.
Customer service at Orbis appears to be inconsistent, with reports of slow response times and unhelpful support. According to Traders Union, users have expressed dissatisfaction with the quality of assistance provided, further highlighting the broker's lack of reliability.
In conclusion, the Orbis 2025 review indicates that while the broker offers a variety of trading instruments and a low minimum deposit requirement, the significant concerns surrounding its regulatory status, high trading costs, and inconsistent customer support make it a less favorable option for traders. Prospective clients are strongly advised to conduct thorough research and consider more reputable alternatives before committing their funds to Orbis.
For those seeking a reliable trading experience, it may be prudent to explore other well-regulated brokers that offer competitive trading conditions and robust customer support.