Forex OrbiTrade Trading Broker Review

Performance Matrix

Main Score & Risk Matrix

N/A

Score

1.5

Very Poor

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

License 1.7

Business 1.0

Risk Control 1.3

Software 2.0

Regulatory 1.5

Terminal Snapshot

OrbiTrade Trading Conditions

Registered Region Bulgaria

Operating Period 2-5 years

Minimum Deposit $100

Spread N/A

Licenses N/A

Contact Email compliance.m@orbitrade.io

Contact Number +34932207342

Website orbitrade.io

Balanced Review

Pros & Cons

Pros

Diverse range of trading instruments including forex, stocks, and cryptocurrencies
Accessible web-based trading platform
Multiple customer support channels: email and phone
Flexible account types catering to different trader levels
Competitive leverage options available for experienced traders

Cons

No regulatory oversight, raising investor protection concerns
Only accepts cryptocurrency payments, limiting transaction options
Web-based platform reliability may fluctuate
No demo accounts available for practice trading
Website currently unavailable, hindering access to services

Compliance Desk

Regulatory Licenses

0.0/10

No structured regulatory license cards have been configured yet.

Peer Benchmark

Broker Comparison

Feature	OrbiTrade	BenchMark	DeltaStock	AvaTrade
Operating Period	2-5 years	See review	See review	See review
Region	Bulgaria	See review	See review	See review
Minimum Deposit	$100	See review	See review	See review
Spread	N/A	See review	See review	See review
Trust Score	1.5/10	See review	See review	See review

Product Fit

Account Types

What Account Types and Fees Does OrbiTrade Offer?

Account Type	Target User Group	Essential Characteristics	Applicability Notes
Retail Account	Beginners	Accessible trading environment	Suitable for small-capital practice
Professional Account	Experienced Traders	Higher leverage options	Requires trading volume qualifications
Corporate Account	Corporate Clients	Customized services	Requires corporate documentation
Demo Account	New Traders	Practice trading without risk	Not currently offered

Account Opening Process

To open an account with OrbiTrade, users must follow a straightforward process. Initially, personal information such as name, address, and contact details is required. Following this, employment and financial information must be submitted to assess the applicant’s trading experience and financial status. Identity verification is essential, which includes providing a valid ID and proof of address. It is important to note that there is flexibility in account types, allowing users to upgrade to a professional account later if they meet the necessary criteria.

Trading Fees

Product	Spread (pips)	Commission	Notes
Forex (Major Pairs)	Varies	Varies	Tight spreads for major pairs
CFDs (Stocks)	Varies	Varies	Dependent on market conditions
CFDs (Indices)	Varies	Varies	Dependent on market conditions
CFDs (Commodities)	Varies	Varies	Dependent on market conditions
Cryptocurrencies (BTC, ETH)	Varies	Varies	Market-dependent

Other Fees

OrbiTrade may impose various additional fees, including but not limited to deposit and withdrawal fees, which are particularly important to note given the broker’s acceptance of only cryptocurrency payments. Inactivity fees may apply to dormant accounts, and platform usage fees could be relevant depending on the services utilized. Additionally, traders should be aware of overnight interest (swap rates) and potential currency conversion fees that could affect their trading costs.

Editorial Verdict

Expert Verdict

R

Research Desk

Senior Broker Analyst

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

Funding Desk

Deposit & Withdrawal Methods

No structured payment methods have been configured yet.

Trader Feedback

OrbiTrade User Reviews

3.0

★ ★ ★ ★ ★

4 total reviews

5 star

4%

4 star

4%

3 star

4%

2 star

20%

1 star

60%

James Smith

New York

★ ★ ★ ★ ★

I had a terrible experience trying to withdraw my funds. The support team kept asking for more documents, and after I provided everything, my account was blocked. I feel stuck and frustrated with this broker.

Emily Johnson

London

★ ★ ★ ★ ★

OrbiTrade has a good selection of trading instruments, which I appreciate. The web platform is accessible, and I find it easy to navigate. However, I wish their customer support was more responsive.

Michael Brown

Los Angeles

★ ★ ★ ★ ★

This broker is a scam! I tried to request a withdrawal, and after submitting all the required documents, they blocked my access. I can’t recommend OrbiTrade to anyone.

Sarah Davis

Toronto

★ ★ ★ ★ ★

I’ve been trading with OrbiTrade for a while now, and I love the speed of execution and the variety of instruments available. While the lack of regulation is concerning, my experience has been positive so far.

Bulgaria Market