General Information & Regulation
ORBI TRADE is an online trading platform that offers a diverse range of investment products to its clients. It allows trading of CFDs on US stocks, Forex currency pairs, commodities, and stock indices. However, it is important to note that ORBI TRADE is not regulated by any valid authority, which raises concerns about the platform's reliability and security. The lack of regulatory oversight increases the risk of fraud and unfair practices. Traders should exercise caution and consider opting for a regulated broker to ensure a secure trading experience.
ORBI TRADE offers different account types, including Recreation, Newbie, Professional, Syariah, and Signature accounts, catering to various trading needs and capital levels. Each account type has specific features, such as minimum deposit requirements, leverage ratios, spreads, and commission charges. Traders can choose an account type based on their preferences and trading strategies.
The platform utilizes the MetaTrader 5 trading platform, which is widely recognized and provides advanced charting tools, technical analysis capabilities, and support for automated trading. It is available on multiple platforms, including Windows, macOS, and mobile devices.
ORBI TRADE provides customer support through various channels, including email, phone, and office visits. However, due to the lack of specific information about customer support quality, it is advisable to approach with caution and conduct further research.
In conclusion, ORBI TRADE offers a range of investment products and account types, but its lack of regulation and limited transparency raise concerns about its reliability and security. Traders should carefully consider the risks involved and explore alternative options with regulated brokers.
As for regulation, it has been verified that ORBI TRADE does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and it receives a relatively low score of 1.53/10 (the dynamic score). Please be aware of the risk.
Pros and Cons
ORBI TRADE, while offering a diverse range of investment products and access to CFD trading with leverage options, has its share of pros and cons that traders should consider. On the positive side, ORBI TRADE provides a wide variety of investment options, including popular US stocks, and offers a demo account for practice and learning. The availability of MetaTrader 5 as the trading platform enhances the user experience with its user-friendly interface and advanced charting tools. Additionally, ORBI TRADE offers various account types to cater to different trading needs.
However, it is important to note the drawbacks. The lack of regulatory oversight raises concerns about the platform's reliability and security, while the potentially high-risk nature of CFD trading requires caution. Transparency regarding pricing and execution methods is limited, and customer protection measures typically offered by regulated brokers are absent. Additionally, there is limited information on additional account features and benefits, potential limitations or restrictions, and specific platform performance. Traders should carefully consider these pros and cons before engaging with ORBI TRADE to make informed investment decisions.
Market Instruments
ORBI TRADE advertises that it offers access to 1,000 trading products, including CFDs on US stocks, forex, commodity, stocks index and Indonesia stocks.
CFD US Stocks: Market Instruments allows trading CFDs on a range of US stocks, including Alibaba Group Holding Ltd., Amazon.com Inc., Apple Inc., and more. Each contract size represents one unit of the respective stock, and the tick size and tick price determine the minimum price movement for trading. Trading is allowed for all the listed stocks.
CFD Forex: The platform offers CFD trading on Forex currency pairs, such as AUDJPY, AUDCAD, AUDCHF, and AUDNZD. The contract sizes and leverage ratios are standardized, and traders can take advantage of price movements in these currency pairs. The spread represents the difference between the buying and selling prices, with varying start spreads and maximum spreads for each pair.
CFD Commodity: Market Instruments provides CFD trading on commodities like XAUUSD (gold), XAGUSD (silver), and CLU (crude oil). The contract sizes, leverage ratios, and spreads differ for each commodity, allowing traders to speculate on price fluctuations in these markets.
CFD Stock Indices: The platform offers CFDs on US stock indices, including NASDAQ (US100), S&P 500 (US500), and DOW JONES (US30). Traders can speculate on the performance of these indices as a whole, rather than individual stocks. The contract sizes, leverage ratios, and spreads vary for each index.
Account Types
Apart from demo accounts, ORBI TRADE claims to offer four types of real trading account types, namely Recreation, Professional, Syariah and Signature. The minimum initial deposit amount is only $50 for the Recreation account, while the other three account types have much higher minimum initial capital requirements of $1,000, $5,000 and $50,000 respectively.
Recreation Account:
The Recreation Account is designed for beginners and traders with limited capital. It requires a minimum deposit of $50 and offers a minimum lot size of 0.01. The maximum lot per click is 1, and the spread starts from 1.5. Swap charges apply, and there is a $3 commission per 0.1 lot. The leverage offered is 1/500, and traders have access to 1000 trading products.
Newbie Account:
Similar to the Recreation Account, the Newbie Account is suitable for novice traders. It has a minimum deposit requirement of $50 and offers a minimum lot size of 0.01. The maximum lot per click is 1, and the spread starts from 1.5. Swap charges apply, and there is a $3 commission per 0.1 lot. The leverage offered is 1/500, and traders can choose from 1000 trading products.
Professional Account:
The Professional Account is designed for experienced traders who can meet a higher minimum deposit requirement of $1,000. It offers a minimum lot size of 0.01 and a maximum lot per click of 10. The spread starts from 0.8, and swap charges apply. There is a $3 commission per 0.1 lot. The leverage offered is 1/200, and traders have access to 1000 trading products.
Syariah Account:
The Syariah Account caters to traders who prefer Sharia-compliant trading. It requires a minimum deposit of $5,000 and offers a minimum lot size of 0.10. The maximum lot per click is 10, and the spread starts from 1. This account type provides free swaps and a $3 commission per 0.1 lot. The leverage offered is 1/200, and traders can choose from 1000 trading products.
Signature Account:
The Signature Account is designed for high-net-worth individuals and experienced traders. It has a minimum deposit requirement of $50,000 and offers a minimum lot size of 0.5. The maximum lot per click is 20, and the spread starts from 0.8. Swap charges apply, and there is a $2.5 commission per 0.1 lot. The leverage offered is 1/200, and traders have access to 1000 trading products.
ORBI TRADE also offers a demo account option, allowing users to practice trading in a simulated environment without risking real money. This account provides a valuable opportunity for traders to familiarize themselves with the platform's features, test trading strategies, and gain experience before engaging in live trading.
How to Open an Account？
To open an account with ORBI TRADE, follow these steps:
Visit the ORBI TRADE website and look for the “Sign Up” button or a similar call-to-action. It is usually prominently displayed on the homepage.
Click on the “Sign Up” button, which will direct you to the registration page.
3. On the registration page, you will typically find a form to fill out with your personal details. Start by providing your full name in the designated field.
4. Enter your email address in the next field. Make sure to provide a valid and active email address as it will be used for account verification and communication purposes.
5. Enter your phone number in the format specified. In the example given, it asks for a phone number with the country code of +62.
6. Create a strong password for your ORBI TRADE account. The password should be unique and not easily guessable. It is recommended to include a combination of letters, numbers, and symbols for added security.
7. Confirm your password by entering it again in the designated field.
8. Review the provided information to ensure accuracy and completeness.
9. Once you have filled out all the required fields, click on the “Register” or “Sign Up” button to complete the account opening process.
10. After successful registration, you may be prompted to verify your email address by clicking on a verification link sent to your email. Follow the instructions provided in the email to complete the verification process.
Leverage
ORBI TRADE offers varying maximum leverage ratios for different account types. Clients on the Recreation account can enjoy a maximum leverage of 1:500, while the Professional, Syariah, and Signature accounts offer a maximum leverage of 1:200. It's important to understand that leverage amplifies both profits and losses. Higher leverage increases the potential for greater returns, but it also increases the risk of losing the deposited capital. Traders should exercise caution and consider their risk tolerance before utilizing leverage in their trading activities.
Spreads & Commissions
ORBI TRADE offers different spreads and commissions for their various account types. The Recreation account has spreads starting from 1.5 pips, the Syariah account offers spreads from 1 pip, and the Professional and Signature accounts provide spreads starting from 0.8 pips. In terms of commissions, the Recreation, Professional, and Syariah accounts have a $3 commission per 0.1 lot, while the Signature account incurs a slightly lower commission of $2.5 per 0.1 lot. These details should be considered by traders when choosing an account type and planning their trading strategy.
Trading Platform Available
Platforms available for trading at ORBI TRADE are MT5 for Windows, MT5 for Android, MT5 for iOS and MT5 for MacOS. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.
Deposit & Withdrawal
ORBI TRADE has a minimum initial deposit requirement of $50. However, the available information does not specify the deposit methods accepted by the platform. Regarding withdrawals, it appears that clients can only withdraw funds through bank transfers. No further details about the withdrawal process or available options are provided.
Customer Support
ORBI TRADEs customer support can be reached by telephone: +1 (737) 232-2299， +62 8111 717 999 (Bahasa), email: info@orbitrades.com, live chat or send messages online to get in touch. You can also follow this broker on social media platforms such as Instagram and YouTube. Company address: 1st Floor, First Saint Vincent Bank Ltd Building, James Street, Kingstown Kingstown, CA VC0100.
Risk Warning
Online trading involves a significant level of risk and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
Customer Support
Finex provides customer support through various channels for addressing issues and inquiries related to ORBI TRADE INTERNATIONAL LTD. Customers can reach out to them via email by filling out the provided form on their website.
Finex has offices in Seychelles and Indonesia. The Seychelles office is located at Nobel Capital Limited, Room B11, First Floor, Providence Complex, Providence, Mahe, Seychelles. The Indonesia office is situated at THE PROMINENCE TOWER, Lantai 18, Jl. Jalur Sutera Barat No. 15, RT.003/RW.006, Kel. Panunggangan Timur, Kec. Pinang, Kota Tangerang, Prov. Banten, 15143, Indonesia.
Their customer care service operates 24 hours a day, seven days a week. Customers can contact them via phone at +1 (737) 232-2299 or +6221 2922 2999 (Bahasa). Additionally, inquiries can be sent to their email address info@orbitrades.com.
Overall, Finex provides multiple channels for customers to reach out for support, including email, phone, and office visits.
Conclusion
In conclusion, ORBI TRADE is an online trading platform that offers a diverse range of investment products, including stocks, forex, commodities, and stock indices. However, it is important to note that ORBI TRADE is not regulated by any valid authority, which raises concerns about the reliability and security of the platform. The lack of regulatory oversight increases the risk of fraud and unfair practices. Additionally, there is limited transparency regarding the platform's pricing and execution methods. While ORBI TRADE provides leverage options and access to a wide range of trading products, traders should be aware of the potentially high-risk nature of CFD trading and the possibility of significant losses due to leverage and market volatility. It is recommended to choose a regulated broker that offers customer protection measures for a more secure trading experience.
FAQs
Q: Is ORBI TRADE regulated？
A: No, ORBI TRADE is not regulated by any valid authority, which poses significant risks. Lack of regulation means no oversight, increasing the chances of fraud and unfair practices.
Q: What are the market instruments available on ORBI TRADE？
A: ORBI TRADE offers a range of financial products, including CFDs on US stocks, Forex currency pairs, commodities, and stock indices.
Q: What are the different account types offered by ORBI TRADE？
A: ORBI TRADE provides several account types, including Recreation, Newbie, Professional, Syariah, and Signature accounts, catering to different trading needs and capital levels.
Q: How can I open an account with ORBI TRADE？
A: To open an account, visit the ORBI TRADE website, click on the “Sign Up” button, fill out the registration form with your personal details, and complete the process by clicking on the “Register” or “Sign Up” button.
Q: What leverage ratios are available on ORBI TRADE？
A: Leverage ratios vary based on the account type. The Recreation account offers a maximum leverage of 1:500, while the Professional, Syariah, and Signature accounts offer a maximum leverage of 1:200.
Q: What are the spreads and commissions on ORBI TRADE？
A: Spreads start from 1.5 pips for the Recreation account, 1 pip for the Syariah account, and 0.8 pips for the Professional and Signature accounts. Commissions are $3 per 0.1 lot for the Recreation, Professional, and Syariah accounts, and $2.5 per 0.1 lot for the Signature account.
Q: What are the available trading platforms on ORBI TRADE？
A: ORBI TRADE offers the MetaTrader 5 (MT5) platform, which is widely used and provides advanced charting tools, customizable indicators, and support for automated trading.
Q: How can I contact ORBI TRADE customer support？
A: Customers can reach ORBI TRADE customer support through email, phone, or by visiting their offices in Seychelles or Indonesia. The customer care service operates 24/7.
2024-07-09 18:43
2024-06-18 10:16
