- Intuitive interface to promote ease of use
- Beginner and advanced user friendly
- Trading asset variety is quite respectable
- Multi-platform compatibility
- Different account types for different needs
- Direct news feed for important insights
- Serious issues when it comes to withdrawing money
- No iOS app
- Support only available in mainline European languages
- Wire transfer minimum deposit is twice the amount of using your debit or credit card
- No dedicated demo account
What to do instead?
It’s clear that Orbit GTM might not be the best place to start your trading journey. But don’t worry, because there are other places that are much better. We made a list of the best online brokers where you can find great options to start trading safely and easily. Give it a look before you decide.
Orbit GTM is a CFD and cryptocurrency trading platform based in the Commonwealth of Dominica. It’s designed to assist its users along their trading journeys by providing a futuristic experience, as well as relevant trading insights.
Without too much of a struggle, users are allowed to trade their assets in different markets, regardless of their level of expertise. That last point is very important to the general workflow that Orbit GTM tries to achieve.
The company understands that trading can be quite prohibitive to those who may not possess the wealth of knowledge to do it effectively outside of the platform. Therefore, various educational materials, such as articles, videos, e-books, etc., are provided alongside the aforementioned insights to assist users in getting the best outcome.
Below is our in-depth review of Orbit GTM, which is intended to clear up reservations and queries you may have and give you a window into what this app is all about.
Table of Contents
Is Orbit GTM a Good Option for You?
There are two layers to answering this question. The first is focused on the features that the platform offers and how relevant they may be to your needs. As indicated before, this is a cryptocurrency and CFD trading platform. Therefore, if your trading needs do not align with any of those two categories, then this may not be the platform for you.
Alternatively, if that is what you are about, then you would be hard-pressed to find a better place. Skill level is a non-factor in using Orbit GTM, thanks to the way it provides useful information on the fly, as well as via its educational center.
The educational center is a resource that you can use as a member, which stores and provides a host of learning tools and resources to take you from rookie to expert progressively. While the app isn’t going to be making any of your trades on your behalf, it can certainly get you into the frame of mind that allows you to make the best possible selections.
The next layer of this consideration asks one simple question. Can you trust Orbit GTM? After all, if a broker is engaging in shady business practices, then it’s one you probably want to steer clear of.
You can rest assured, that Orbit GTM comes highly recommended by us, thanks to its current state of being regulated, providing safe and favorable trading conditions, supporting a working withdrawal method, and its implementation of security features to keep your personal information safe.
Orbit GTM Trade Experience
You can almost always rate your broker by the choice of the underlying trading platform that it uses behind the scenes. After all, this directly feeds into the level of complication members must deal with, as well as how efficient an application is going to be.
Thankfully, Orbit GTM decided to add the MetaTrader 4 or MT4 to its app. Just in case you are unfamiliar, MT4 is the top trading platform in the market known for a very intuitive interface, cutting-edge technology, and analytical tools built to effectively support your trading efforts.
MT4 has a huge part to play in the educational and straightforward trading experience that you are met with when you choose to become an Orbit GTM member. That’s why whether you have zero experience.
First, you can download the desktop application for your windows or Mac-based computer. Many people find this to be way more convenient than having to open a browser, though the WebTrader MT4 interface is well-optimized and designed.
While you can download the Android application from the App Store, iOS users are not so fortunate. If you have an Apple mobile device, you’re going to have to use the web browser version, which should not necessarily be a problem, considering that it is well optimized.
No matter whether you have downloaded and installed the app or you’re using the browser, the underlying technology remains the same. You’re still going to be getting market news and trends, indicators, price alerts, technical analyses, graphs, one-click trading, etc.
Commissions and Fees
This can be a bit of a slippery slope and a point of intense worry for people who may be considering using a platform. Typical transaction fees, as well as hidden fees, can be enough to turn members off a good platform because the prohibitive business practice is quite an inconvenience.
Technically speaking, the fees that you would have to worry about where Orbit GTM is concerned fall under the categories of CFD fees, forex fees, and non-trading fees. To that end, you can review the following three subsections that concisely indicate what you can look forward to here.
We doubt that you are going to be displeased with the information you see.
There is a no-commission policy nor are there any other upfront or hidden fees associated with the trading of CFDs
Regardless of whichever asset you’re trading, the lack of fees remains in effect across the board. Non-trading charges fall under a similar umbrella. There are no commissions taken or fees charged to members.
There is a no-commission policy nor are there any other upfront or hidden fees associated with Forex trading
How to Open an Account with Orbit GTM?
If you should visit the Orbit GTM home page, you’re going to notice a “how to start trading” section that provides you with a straightforward three-step process on how you go about starting your trading journey.
You would think it’s so straightforward, so that you may wonder if that is how it works. We are here to tell you that it is just as straightforward as it appears.
The first step is to click on the “create an account” button which is consistently located at the top of the page. When you click on it, you’re presented with a form that requires the essential details that the platform needs to secure you and also meet its regulatory compliance requirements.
Therefore, apart from your email address, and the desired password, you’re also going to need to provide valid proof of physical address and identity. Nevertheless, the process is quite straightforward, and shouldn’t consume a lot of your valuable time.
Note that the validation documents only become required after you have submitted the online form. It’s at this point that you get an email to validate your account creation and provide the necessary documentation.
Once you have completed that process and the team successfully validates your submissions, you are ready to make your initial deposit. Note that there are two categories here, depending on what kind of payment method you’re going to be using.
The credit or debit card method is the most common and potentially the most convenient. If this is the road you go, then the minimum deposit to start trading is $250, which is just about an industry standard.
However, if you opt for the wire transfer option, then you’re going to have to pay a little more, as the price stands at $500.
Once you’ve made that initial deposit, then you are free to start trading if you so desire. However, if you are not too confident in your ability to execute trades successfully, you are encouraged to visit the Education Center and learn all you can about the discipline before you put your knowledge to the test.
Orbit GTM Demo Account
Many brokers in the industry provide their members with a demo account, which is usually geared toward beginner users. The idea is that it’s loaded with virtual currency in a test environment that allows people to simulate what the process of trading may look like before going out into the real world.
Orbit GTM does not feature a demo account, unfortunately. However, it’s likely that this decision was taken, thanks to the presence of the Education Center, which is not typical of other platforms.
So, while you would probably appreciate a hands-on learning session a bit more, the substitute you get is more than adequate to make up for the lack of a dedicated demo account.
Orbit GTM Education
You’ve heard about the education center repeatedly, and this is the area where a couple of its segments are listed, with an indication of how well each is executed.
- Video shorts: The video packages are very well executed, and tremendously simplify concepts, so much so that anyone should be able to understand.
- Blog: Blog articles are present in spades, and they tackle both broad and narrow topics to get you more acquainted with the trading world in a tremendous fashion.
- E-books: The e-books are usually well-paced and are very effective at helping you learn various techniques of the industry.
Orbit GTM Customer Service
The most outstanding part of the customer service offering is the fact that it is always available. Note, however, that some channels have time limit caps, while others don’t. The ways you can reach out include via telephone, email, or live chat.
SLAs for communication, clarification, and regulation are established and adhered to, so don’t expect to be waiting too long.
Overall, Orbit GTM is an outstanding trading platform. in our opinion, its real strong point comes out in the way it can develop beginner users through its unbelievable amount of educational content.
WeInvests is a financial portal-based research agency. We do our utmost best to offer reliable and unbiased information about crypto, finance, trading and stocks. However, we do not offer financial advice and users should always carry out their own research.Read More