ORBIT GLOBAL

Orbit Global Ltd is a forex and CFD broker established in 2022, headquartered in Mauritius at the Premier Business Centre, 10th Floor, Sterling Tower, 14 Poudriere Street, Port Louis. The company offers online trading services primarily focused on forex, metals CFDs, indices, commodities, and cryptocurrencies. It markets itself as a dedicated platform for currency traders and claims to have a growing global presence.

The broker provides three account tiers: Pro, VIP, and ECN, catering to different levels of traders from retail to high-net-worth individuals. The minimum deposit starts at $50 for the Pro account, rising to $20,000 for the VIP account. Leverage is offered up to 1:200, though the website notes leverage may vary by instrument.

Orbit Global claims regulation by the Mauritius Financial Services Commission (FSC) under licence number GB24203306. However, independent verification of this licence is not provided in the known facts, and the broker is listed as unregulated in the known records. The company's legal disclaimer asserts FSC regulation, but the absence of confirmation in the known facts raises uncertainty. Traders should exercise caution and independently verify any regulatory claims.

The broker is based in Mauritius, a jurisdiction that does not offer the same level of regulatory oversight as major financial centres. The FXCanary Scam Risk Score is 75/100, indicating a severe risk warning. This score reflects the lack of verified regulation and limited track record.

Orbit Global offers three account types: Pro (minimum deposit $50), VIP (minimum deposit $20,000), and ECN (minimum deposit $5,000). All accounts use MetaTrader 5 and have USD as base currency. Spreads and commissions vary by account: the Pro account starts from 3 pips on gold with no commission, while the VIP account offers spreads from 1.4 pips and the ECN account from 0.6 pips, with commissions on certain instruments.

Leverage is set at a maximum of 1:200 for all accounts, though the broker notes that leverage may be adjusted per instrument. The stop-out level is 50% for all accounts. The broker also mentions a demo account for risk-free practice and highlights a fast trade execution speed between 50-700 microseconds, though these figures are self-reported.

The broker exclusively offers the MetaTrader 5 (MT5) platform, which supports forex, stocks, and futures trading. MT5 provides advanced tools including market depth, algorithmic trading via Expert Advisors, and copy trading. Orbit Global claims over 100 tradable instruments, spanning forex pairs, metals CFDs, indices, commodities, and cryptocurrencies.

The company emphasises tight spreads on all major and minor currency pairs. However, specific spread details for other asset classes are not provided. The platform supports various order types and execution modes, catering to different trading strategies.

Orbit Global accepts deposits via USDT (Tether), a cryptocurrency stablecoin. The minimum deposit is $50, and no information on withdrawal methods or processing times is readily available. The broker states it provides 24/5 customer support via a contact form on its website, but does not list phone or live chat options.

The onboarding process involves filling in personal details, uploading documents, and affirming risk warnings. The broker claims a simple and quick account opening procedure. However, the lack of diverse funding options and transparent withdrawal policies may be a concern for traders.

Orbit Global markets itself to retail traders seeking online forex and CFD trading. The account tiers are designed to accommodate different capital levels: the Pro account for beginners or small investors, and the VIP and ECN accounts for more experienced or higher-volume traders. The broker also mentions services for fund managers and institutional clients, but details are limited.

The company's marketing materials highlight a focus on long-term relationships and personalised service. However, given the unregulated status and high risk score, Orbit Global may be more suitable for traders who are willing to accept significant risk and prefer trading with a lesser-known broker.