Orbit Global

Orbit Global Markets LTD is registered in Mauritius and has been operational for approximately 2-5 years. The broker offers a range of trading instruments including Forex, metals, CFDs, indices, commodities, and cryptocurrencies, with leverage up to 1:200 and spreads starting from 1.5 pips, utilizing the MT5 trading platform.

The broker currently operates without valid regulatory oversight, which raises significant concerns regarding its safety and legality in the financial market. Prospective users should exercise caution due to the lack of regulatory protection.

In terms of reputation, Orbit Global has received generally positive feedback from users, particularly regarding customer service and the user experience on its demo account. However, some concerns have been raised about withdrawal times and the absence of zero-spread accounts. Overall, while users appreciate the trading environment and support, the broker’s unregulated status remains a significant red flag in user assessments.

Capital Protection Measures

Client funds at Orbit Global Markets LTD are not held in independently regulated bank accounts, and there are no guarantees regarding the segregation of client funds from the broker’s own assets. This lack of regulatory oversight raises substantial concerns about the safety and protection of client capital.

Orbit Global Leverage

The maximum leverage offered by Orbit Global is up to 1:200 across all product categories. As the broker does not operate under any regulatory licenses, the leverage provided does not have to comply with local regulatory requirements, allowing for flexibility in client classification.

Does Orbit Global Have Withdrawal Issues?

Orbit Global Markets LTD has received some complaints regarding withdrawal times, with users noting delays in processing. While some feedback highlights efficient withdrawals, there are notable mentions of it taking up to 24 hours, with longer delays during weekends. The broker’s handling of complaints appears to be reactive rather than proactive, addressing issues as they arise but lacking a robust system for managing repetitive concerns. Importantly, Orbit Global operates without valid regulatory oversight, raising additional safety concerns amidst these withdrawal complaints, which potential users should consider seriously.