Ihab Salloum[ad_1]
The world of forex trading can be daunting for inexperienced traders. This is where Forex Orbit comes in as an online brokerage firm that offers a range of trade options, tools and resources for traders of all levels of expertise. Forex Orbit has helped traders to access global forex markets for over 10 years.
Forex Orbit: The Company
Forex Orbit is owned by Orbit Incorporated, a UK-based financial services company. The brokerage firm provides a reliable trading environment for its clients, matching traders’ orders with leading liquidity providers in the market. Clients have access to over dozens of currency pairs as well as precious metals and CFDs. Forex orbit has adopted an STP/ECN business model, where traders directly interact with the market without the firm being the counterparty in any trades.
Forex Orbit Trading Platform
Forex Orbit trading platform is user-friendly, fast and intuitive. The online portal is available 24/7, allowing traders to trade at all times. The trading platform is powered by MetaTrader, the most widely used trading platform in the forex industry. Forex Orbit’s platform offers tight spreads, low latency, accurate execution and a one-click trading option. Traders can also access expert advisors to assist in automated trading strategies.
Forex Orbit Account Types
Forex Orbit offers traders three types of trading accounts.
1. Standard Account: This trading account has a minimum deposit of $100 and offers a 1:500 leverage.
2. Premium Account: This account has a minimum deposit of $1,000 and offers a 1:300 leverage.
3. VIP Account: This trading account has a minimum deposit of $10,000 and offers a 1:100 leverage.
The Standard and Premium accounts have a maximum trade size of 50 lots, while the VIP account has a maximum trade size of 100 lots. All accounts have access to Forex Orbit’s full range of trading tools.
Forex Orbit Deposit and Withdrawal Methods
Forex Orbit provides a range of deposit and withdrawal options. Deposits can be made using credit/debit cards, wire transfer, e-Wallets such as Skrill and Neteller. Withdrawals are processed within 24 hours and do not charge any commission. To withdraw funds, traders are required to submit a withdrawal request via their accounts portal. To ensure that funds are safely and securely transferred, Forex Orbit requires proper identification and compliance from the traders to avoid any money laundering activities.
Forex Orbit Education and Resources
Forex Orbit provides traders with educational materials to assist them in navigating the forex trading world. The educational materials include trading strategies, market news, webinars, video tutorials, and a trading academy. The trading academy provides traders with an in-depth understanding of the forex market and covers topics such as technical analysis, risk management, forex trading psychology and more.
Forex Orbit Customer Support
Forex Orbit places a high emphasis on customer service and provides 24/7 customer support. The customer support team is available via live chat, phone, email, and social media. Forex Orbit’s world-class client services are multilingual, making it easy for traders from around the globe to access support in their preferred language.
Forex Orbit Fees and Spreads
Forex Orbit does not charge commissions on trades. Instead, the firm profits from the spreads, which are the difference between the buy and sell rates. Forex Orbit charges tight spreads that are competitive in the forex trading industry.
Forex Orbit Security
Forex Orbit ensures that clients’ personal information and funds are safe and secure. The firm has adopted high levels of encryption to secure the clients’ trading data and information. Forex orbit also segregates clients’ funds in separate bank accounts to ensure that funds are secure in the event of the company defaulting.
FAQs
1. Can I use Forex Orbit’s platform on my mobile device?
Yes, Forex Orbit’s platform is available on both desktop and mobile devices, including smartphones and tablets. Traders can download the MetaTrader app and access the trading platform from any location.
2. What is the minimum deposit required to open a Forex Orbit account?
The minimum deposit for a Forex Orbit account ranges from $100 to $10,000, depending on the trading account type.
3. What is the maximum leverage offered by Forex Orbit?
Forex Orbit offers maximum leverage from 1:500 to 1:100, depending on the trading account type.
4. Does Forex Orbit provide educational resources for traders?
Yes, Forex Orbit provides traders with a range of educational resources, including a trading academy, webinars, video tutorials, and market news.
5. Is Forex Orbit regulated?
Forex Orbit is not regulated by any of the top financial regulatory authorities such as FCA, ASIC or CySec. However, the company has stated in its website that its services are licensed and regulated in the offshore financial jurisdiction of St. Vincent and the Grenadines.
Final Thoughts
Forex Orbit is a reliable online trading brokerage firm that provides traders with all the necessary tools and resources required to succeed in the forex trading industry. With competitive spreads, low latency and fast execution, Forex Orbit provides an excellent trading environment suitable for all levels of traders. The broker’s customer support service is also commendable. Overall, Forex Orbit is a great broker for those looking to access the forex market and trade conveniently from their homes.
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