Orbit Forex Global is a financial services company offering a range of trading instruments, including forex, CFDs, metals and cryptocurrencies. In this comprehensive review, we will explore the key aspects of Orbit FX, from its regulatory framework to its trading platform, account types, and other factors.
Orbit FX global broker review
Established in 2021, Orbit FX Global is a Comoros Union-regulated financial services company that provides access to various trading markets. Orbit Global Ltd offers a competitive trading environment with tight spreads across all major and minor currency pairs. Its copy trader allows you to automatically copy top traders’ trades to potentially improve your results.
Their risk-free demo account provides a safe space to learn and practice, while their dedicated trading platform is designed to enhance your trading experience. Whether you are a seasoned professional or just starting, Orbit Global Ltd offers the tools and resources you need to succeed in the global markets.
Orbit Forex regulations
- Orbit FX Global is a financial services company registered in the Comoros Union (registration number HY00623014) and the British Virgin Islands (registration number 2091165). It is primarily regulated by the Comoros Union under license number T2023308.
- While the BVI provides corporate services, it doesn’t offer direct financial services regulation.
- Investors should carefully evaluate the Comoros Union’s regulatory framework and oversight mechanisms to assess the level of protection and potential risks associated with dealing with Orbit FX Global.
How to open an account with Orbit FX Global?
To open an account with Orbit FX Global, follow these steps.
- Visit the official website of Orbit FX Global and then click on open an account.
- Fill in the required details on the registration form, including your personal information and contact details.
- Keep your account safe by using a strong and unique password.
- Upload the necessary documents as requested, such as proof of identity and address.
- Click the verification link in the email you received.
- Agree to the terms and conditions.
- Add money to your account and start trading.
Once your account is verified and funded, you can start trading with Orbit FX Global.
Orbit FX global account types
Orbit FX trade provides a range of trading accounts to provide different trading styles and preferences. They are listed below.
- Standard account
- ECN account
- Pro account
- VIP account
Standard Account
Standard account offers a solid foundation for traders seeking comprehensive trading experience and in-depth market knowledge.
Pro Account
The Pro account is ideal for traders seeking the tightest spreads and optimal trading environment. It provides access to premium market data and analysis tools.
ECN Account
The ECN (Electronic Communication Network) account is a popular choice among traders due to its ultra-tight spreads. This account type allows traders to directly access liquidity from multiple market makers and trading venues.
VIP Account
VIP Account offers exceptionally tight spreads and the lowest commission rates, making it ideal for high-volume traders. This account type provides personalized support and exclusive benefits.
| Account types | Pro accounts | ECN accounts | VIP accounts |
|---|---|---|---|
| Minimum deposit | $50 | $5,000 | $20,000 |
| Spread | Standard | Tight | Tight |
| Commission | 15 | 15 | 10 |
| Leverage (Forex) | 1:200 | 1:200 | 1:200 |
| Leverage (Metals) | 1:100 | 1:100 | 1:100 |
| Base currency | USD | USD | USD |
| Trading platform | MT5 | MT5 | MT5 |
| Stop out percentage | 50% | 50% | 50% |
| Suitable for | Trader | Fund manager | Institution |
| Instruments | 100+ (Forex, Metals, CFDs, Indices, Commodities, Crypto) | 100+ (Forex, Metals, CFDs, Indices, Commodities, Crypto) | 100+ (Forex, Metals, CFDs, Indices, Commodities, Crypto) |
Leverage for instruments varies and can change. To avoid confusion, confirm leverage for your chosen instrument by contacting support@orbitglobalfx.com before trading.
Orbit FX global demo account
Demo accounts are always available for practice, but inactive accounts will be closed after 60 days. You can open multiple demo accounts to test different strategies without risking real money.
Orbit FX global financial assets
Orbit FX Global offers a wide range of trading instruments. They are listed below.
- Forex – Major pairs, minor pairs, exotic pairs.
- Metals – Gold, silver, platinum, palladium.
- Indices – S&P 500, Dow Jones Industrial Average, FTSE 100, DAX 30.
- CFDs – CFDs on commodities like crude oil and natural gas.
With over 100 instruments available, Orbit FX Global provides a wide range of options to suit different trading strategies and risk appetites.
Orbit FX trading platform
Orbit FX trade offers a powerful and user-friendly trading platform to facilitate your trading activities.
MetaTrader (MT5) Platform
MetaTrader 5 is a versatile trading platform offering advanced tools for forex, stocks and futures trading, including technical analysis, algorithmic trading and copy trading. MetaTrader 5 supports a variety of order types, including market, pending, stop, and trailing stop orders.
MT5 on mobile
MetaTrader 5 on mobile offers a mobile app for iOS and Android devices. It allows you to trade forex and other assets on the go with full trading functionality, technical analysis tools and account monitoring.
MT5 on desktop
Experience the next level of forex trading with MetaTrader 5, the latest platform from MetaQuotes. MetaTrader 5 on desktop offers a mobile app for Windows and MacOS.
Overall, Orbit FX Global is proud to offer MetaTrader 5, an award-winning trading platform recognized for its reliability, speed and advanced features.
Deposit/Withdrawal methods of Orbit FX
Orbit FX offers a convenient and secure way to deposit and withdraw funds using cryptocurrencies.
- Orbit Global allows you to deposit and withdraw funds using USDT cryptocurrency through your crypto wallet.
- Orbit Global FX doesn’t charge fees for incoming transactions, but your bank might charge.
- To withdraw funds, go to your account page for account holders only. The minimum withdrawal amount is $20.
Fees and commission of Orbit FX Global
Orbit Global FX does not charge fees for incoming transactions, but there might be other fees associated with trading.
Spread
- Standard account: Normal spread
- ECN and VIP accounts: Tight spread
Commission
- Standard and ECN accounts: 15%
- VIP account: 10%
Leverage (all account types)
- Forex: 1:200
- Metals: 1:100
Deposit and withdrawal Fees
- Transaction fee: 0.75% (subject to change) for both deposits and withdrawals.
Swap charges
Swap charges are fees or credits applied to your trading account when you hold a position overnight. The swap charges are given below.
| Symbol | Swap long | Swap short |
|---|---|---|
| AUDUSD | -3.11 | 0.78 |
| EURUSD | -6.75 | 3.33 |
| GBPUSD | -2.37 | -0.74 |
| NZDUSD | -1.17 | -0.95 |
| XAUUSD | -40.97 | 21.21 |
| XAGUSD | -5.61 | 2.06 |
| USOIL.c1 | 15.48 | -23.03 |
Customer support
Orbit FX Global offers support through phone, e-mail, office, and a contact form 24/5.
- E-mail: support@orbitglobalfx.com
- Contact numbers: + 971 42220183, +1(631)3887344
- Support office: 1439, Tamani Arts Offices, Business Bay, Dubai, U.A.E
Conclusion
Orbit Forex Global offers a variety of trading accounts and instruments, with a focus on cryptocurrencies. While they provide a user-friendly trading platform and a range of financial assets, it is important to consider their regulatory status in the Comoros Union and the potential risks associated with it. Before making any investment decisions, conduct thorough research and consider your risk tolerance.
Pro Tip
Ready to start trading with Orbit Forex Global? Open an account and explore the opportunities available. Choose from our trusted forex brokers for expert advice and resources to navigate the world of stocks, CFDs, forex, and cryptocurrencies. Share your thoughts below.
