Orbitsfinances Account Types & How to Open

When we sat down to map out the account offering at Orbits Finance Limited, trading under the name Orbitsfinances, we expected the usual tiered ladder — Standard, Pro, ECN, Islamic, and so on. Instead, our review found that the broker's public records and the information we could verify contain no detailed breakdown of account tiers, minimum deposits, or leverage structures. That is not an oversight on our part; it is a reflection of how thin the available information is for this firm.

What we do know from the official registry is that Orbits Finance Limited was incorporated in Australia on 11 February 2022, and that it holds two licences on file: an Australian Securities and Investments Commission (ASIC) Market Making (MM) licence, number 436416, and a Vanuatu Financial Services Commission (VFSC) Forex Trading License (EP), number 40356. The ASIC licence is listed with a status of '—' in our records, which means we cannot confirm it is currently active or what conditions apply. The VFSC licence is an 'EP' — an External Provider — which is a common structure for brokers that want to offer forex trading to clients outside Vanuatu while being regulated there.

For a trader, the absence of published account details is itself a significant data point. A broker that does not disclose its account types, spreads, or minimum deposit on its official domain — or in any verifiable public material — leaves the client to guess at the most basic commercial terms. In FXCanary's assessment, that lack of transparency is a red flag, even if the firm is not necessarily fraudulent. We would caution any trader to demand full written disclosure of account terms before funding an account.

The ASIC licence on file, number 436416, is described as 'Market Making (MM)'. In the Australian regulatory context, a Market Making licence typically allows a firm to operate as a principal in financial products, quoting bid and ask prices and taking the opposite side of client trades. That is a different animal from a pure brokerage that simply routes orders to liquidity providers. For a retail client, a market-making model means the broker may have a conflict of interest: it profits when you lose, unless it hedges its exposure elsewhere.

However, we must be careful. The status of the ASIC licence is listed as '—' in our records, which means we cannot verify that it is currently active or that Orbits Finance Limited is authorised to provide financial services in Australia right now. ASIC is a rigorous regulator, and any firm holding an Australian licence must meet strict capital, conduct, and disclosure obligations. If the licence is indeed active, that would give Australian clients a degree of recourse through ASIC's complaints and compensation mechanisms. If it is not active, then the firm's Australian registration is little more than a corporate shell.

Our advice to traders is to check the ASIC register directly using the licence number we have provided — 436416 — and confirm the current status before opening an account. Do not rely on the broker's website or our summary alone. The fact that the status is not confirmed in our records is a warning that the licence may be dormant, suspended, or under review.

The second licence on file is from the Vanuatu Financial Services Commission (VFSC), number 40356, described as a 'Forex Trading License (EP)'. Vanuatu is a well-known offshore jurisdiction for forex brokers. The VFSC does regulate forex dealers, but its regime is far less stringent than ASIC's. There is no mandatory compensation scheme for clients, capital requirements are lower, and enforcement is historically weaker. For a broker that also holds an Australian licence, the Vanuatu licence may be used to serve clients outside Australia, or to offer higher leverage and more flexible terms than ASIC would allow.

The 'EP' designation is important. It typically means the licence holder is authorised to provide forex trading services to clients in Vanuatu and, in practice, to international clients as well. However, it does not provide the same level of investor protection as a full Australian or European licence. If a dispute arises, a client's ability to seek redress through the Vanuatu courts or the VFSC is limited, and there is no equivalent of the Australian Financial Complaints Authority (AFCA) to turn to.

In our view, the dual-licence structure — an Australian company with a Vanuatu forex licence — is a classic setup for brokers that want to appear credible while operating under a lighter regulatory touch. It is not inherently fraudulent, but it does mean that the effective regulatory oversight of your trading account is likely to be the VFSC, not ASIC. We would advise traders to ask the broker explicitly which entity will be the counterparty to their contract and which regulator has jurisdiction over their account.

One of the most critical aspects of any forex account is leverage, and here we must be blunt: our records do not contain any specific leverage figures for Orbitsfinances. The web search results we reviewed did not provide reliable data either, and we refuse to import numbers from sources that may be describing a different entity. What we can say is that if the broker operates under the VFSC licence, it is likely to offer leverage that is significantly higher than what ASIC allows for retail clients — ASIC has capped retail leverage at 1:30 for major forex pairs since 2021. A Vanuatu-licensed entity, by contrast, may offer leverage of 1:100, 1:200, or even higher.

High leverage is a double-edged sword. It can amplify profits, but it also amplifies losses, and the vast majority of retail traders lose money when trading with high leverage. If Orbitsfinances offers leverage above 1:30, that is a strong signal that the account is not designed for Australian retail clients under ASIC rules, but rather for international clients who are comfortable with higher risk. We would caution any trader to consider their own risk tolerance and to treat any leverage above 1:30 as a high-risk proposition.

We also have no verified information on spreads or commissions. The broker's website, if it exists, may advertise tight spreads, but we could not verify any specific figures. In the absence of disclosed spreads, we recommend that traders request a written quote from the broker and compare it to industry averages. A broker that is unwilling to disclose its spreads in writing is not one we would trust with a live account.

Another area where our review found a vacuum is trading platforms. We have no confirmed information on whether Orbitsfinances offers MetaTrader 4, MetaTrader 5, cTrader, or a proprietary platform. The web search results did not provide a clear match to this specific broker, and we will not speculate. For a forex broker, the trading platform is the primary interface for the client, and its reliability, speed, and features are critical. Without knowing which platform is offered, we cannot assess the quality of the trading experience.

We also have no information on whether the broker offers a demo account. A demo account is a standard feature for most brokers, allowing traders to test the platform and their strategies without risking real money. If Orbitsfinances does not offer a demo account, that would be a significant omission and a further sign that the firm is not fully transparent. If it does offer a demo, we would urge traders to use it extensively before depositing any funds.

In our editorial assessment, the lack of verifiable platform information is a major gap. A trader cannot make an informed decision about a broker without knowing what software they will be using. We would recommend that any prospective client contact the broker directly and ask for a platform demo or a walkthrough before committing. If the broker cannot provide that, it is a strong reason to look elsewhere.

The account-opening process at Orbitsfinances is, as far as we can determine, undocumented. We have no verified information on the steps involved, the required documents, or the time it takes to approve an account. Typically, a forex broker will require proof of identity (a passport or national ID), proof of address (a utility bill or bank statement), and sometimes a source of funds declaration. The process is usually online, with a verification step that can take from a few hours to a few days.

Given the lack of published information, we cannot confirm whether Orbitsfinances follows these standard procedures. We also cannot confirm whether the broker performs proper Know Your Customer (KYC) checks, which are essential for preventing money laundering and fraud. A broker that skips KYC is a serious red flag, as it may be operating outside legal requirements.

We advise traders to be extremely cautious if they decide to proceed. Before submitting any personal documents, ensure that the broker's website is secure (HTTPS), and verify the company's registration details with the Australian Securities and Investments Commission. If the broker asks for unusual documentation, such as a copy of your credit card or a payment to a personal account, that is a strong sign of a scam. In our view, the opacity of the account-opening process is another reason to treat Orbitsfinances with caution.

We have no verified information on the deposit and withdrawal methods offered by Orbitsfinances. We do not know if they accept bank transfers, credit cards, e-wallets like Skrill or Neteller, or cryptocurrencies. We also do not know the minimum deposit amount, which is a critical figure for most traders. The absence of this information is concerning, as it suggests the broker may not have a fully operational payment infrastructure, or it may be hiding fees or restrictions.

In the forex industry, standard practice is to offer multiple deposit methods and to process withdrawals within a few business days. A broker that is vague about its payment terms is often one that will make it difficult to withdraw funds when you want to. We have seen many cases where brokers delay withdrawals, impose hidden fees, or simply refuse to pay out. Without clear information, we cannot rule out these risks for Orbitsfinances.

We strongly recommend that any trader contact the broker's support team and ask for a written list of deposit and withdrawal methods, processing times, and any fees. If the broker cannot provide this in writing, or if the answers are evasive, that is a major warning sign. In our assessment, the lack of disclosed payment information is a significant deficiency that should give any prudent trader pause.

A broker's customer support is often a good indicator of its reliability. We have no verified information on Orbitsfinances' customer support channels — whether they offer live chat, email, phone, or a ticketing system. We also do not know their hours of operation or response times. The web search results did not provide a clear match, and we will not fabricate details.

What we do know is that our records flag 'No verifiable website or social-media presence' as a risk factor. This is a serious concern. A legitimate broker, even a small one, typically has a functioning website, active social media accounts, and a presence on industry forums. The fact that we could not verify any of these for Orbitsfinances suggests that the broker may be operating under the radar, which is not a good sign for client protection.

In FXCanary's assessment, the combination of an unverified website, no social media presence, and a lack of published account details paints a picture of a broker that is either very new, very secretive, or potentially a clone of a legitimate firm. We have found no evidence of clone sites, but the lack of a verifiable web presence is itself a red flag. We would advise traders to exercise extreme caution and to consider whether the potential rewards of trading with this broker outweigh the significant risks of doing so with so little information.

In summary, our review of Orbitsfinances' account offering is dominated by what we do not know. We have confirmed the company's registration in Australia and its two licences on file, but we have not been able to verify any account tiers, minimum deposits, leverage, spreads, platforms, or payment methods. The broker's own claims, if any, are not substantiated by independent evidence, and we have found no verifiable website or social media presence.

For a trader, this is a high-risk situation. The FXCanary Scam Risk Score of 43/100 ('Guarded') reflects our assessment that while there is no direct evidence of fraud, the lack of transparency and verifiable information is a serious concern. We would not recommend opening an account with Orbitsfinances until the broker provides full, written disclosure of its account terms and conditions, and until we can independently verify its regulatory status.

If you are considering trading with this broker, we urge you to do your own due diligence: check the ASIC register using licence number 436416, contact the VFSC about licence 40356, and ask the broker for a demo account and a written summary of all fees and terms. If any of these steps reveal inconsistencies or are met with evasion, walk away. In the world of forex trading, information is your best protection, and Orbitsfinances is not providing enough of it.