ORBIT GLOBAL Broker Review

Orbit FX 2025 Review: Everything You Need to Know

Summary: Orbit FX has garnered mixed reviews, with some users appreciating its competitive spreads and user-friendly demo account, while others express concerns about its regulatory status and withdrawal processes. The broker operates under offshore regulation, which raises significant trust issues.

Note: It's important to highlight that there are different entities operating under the name Orbit FX, and this review focuses on the one regulated by the Mwali International Services Authority. The approach taken here aims for fairness and accuracy by considering a variety of sources.

Rating Overview

How We Rate Brokers: Our ratings are based on a comprehensive analysis of user experiences, expert opinions, and factual data regarding broker offerings.

Broker Overview

Established in 2021, Orbit FX operates as an offshore forex and CFD broker, claiming to provide access to over 100 financial instruments. The broker primarily uses the MetaTrader 5 (MT5) platform, which is favored for its advanced trading capabilities. However, it is crucial to note that Orbit FX is regulated by the Mwali International Services Authority (MISA), an offshore regulator, which raises questions about the safety of client funds.

Details

• Regulated Regions: Primarily operates under offshore regulation in Comoros.
• Deposit/Withdrawal Currencies: Accepts deposits in various cryptocurrencies, notably Tether (USDT).
• Minimum Deposit: $50, which is relatively low compared to many competitors.
• Bonuses/Promotions: Limited information on bonuses; users should be cautious of terms that may be attached.
• Tradeable Asset Classes: Forex, commodities, indices, and cryptocurrencies.
• Costs: Spreads start from 0.1 pips; however, specific fees and commissions are not transparently disclosed.
• Leverage: Maximum leverage of 1:200 for forex trading.
• Trading Platforms Allowed: Primarily MT5, available on desktop and mobile.
• Restricted Regions: Services are not available in several jurisdictions, including the United States.
• Available Customer Service Languages: Primarily English.

Repeated Rating Overview

Detailed Breakdown

• Account Conditions (Rating: 5)

  Orbit FX offers a low minimum deposit requirement of $50, making it accessible for new traders. However, the lack of clear information regarding account types and associated fees detracts from its appeal. The broker does not provide zero-spread accounts, which may limit options for experienced traders relying on automated strategies. According to WikiFX, the absence of a transparent fee structure may lead to unexpected costs during trading.

• Tools and Resources (Rating: 6)

  The broker provides a demo account that simulates real trading conditions, which is beneficial for beginners to gain confidence. Users have reported a positive experience with the demo account, appreciating its realistic trading environment. However, educational resources are limited, consisting mainly of a blog and glossary, which may not sufficiently support new traders looking for comprehensive learning materials.

• Customer Service and Support (Rating: 5)

  Orbit FX offers 24/5 customer support, including live chat and email options. However, user feedback suggests that responses can be slow, particularly during peak trading hours. Some users have expressed frustration with the withdrawal process, noting delays that can extend beyond the promised timeframe. BrokerChooser emphasizes the importance of having reliable customer support, especially for traders facing issues with fund access.

• Trading Setup (Experience) (Rating: 6)

  The trading experience on the MT5 platform is generally positive, with fast order execution and a range of trading tools available. Users have reported competitive spreads, which can enhance trading profitability. However, the interface could benefit from modernization, as some users find it less intuitive compared to other platforms. The lack of zero-spread accounts may also deter advanced traders who rely on such options.

• Trustworthiness (Rating: 3)

  Trustworthiness is a significant concern for Orbit FX due to its offshore regulatory status. The MISA does not provide the same level of investor protection as top-tier regulators such as the FCA or ASIC. Multiple sources, including BrokerChooser, warn that trading with unregulated brokers poses risks such as potential fund mismanagement and withdrawal difficulties.

• User Experience (Rating: 6)

  Overall user experiences vary widely. While some traders appreciate the low entry cost and competitive spreads, others have reported issues with withdrawals and a lack of transparency regarding fees. The mixed feedback suggests that potential clients should exercise caution and conduct thorough research before committing funds.

Conclusion

In summary, Orbit FX presents a mixed bag for potential traders. While it offers a low barrier to entry and a user-friendly demo account, its offshore regulation and lack of transparency regarding fees raise significant trust concerns. Traders considering this broker should weigh the risks carefully and consider alternatives that offer stronger regulatory oversight and clearer fee structures.