Orbit GTM Review
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.
Is Orbit GTM a Good Option 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 Pros & Cons
Orbit GTM Trade Experience
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 or you have been trading for some time, you are going to find that the app is easy enough to pick up and use.
In terms of platform compatibility and support, Orbit GTM does a very good job. 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
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.
How to Open an Account with Orbit GTM
You may notice it seems incredibly simple, so much 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 towards 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.
- Practice sessions: These one-on-one offerings are superb and allow you to amass knowledge from those who have it in spades.
Orbit GTM Customer Service
Apart from that, we also find ourselves impressed with how easy it is to use, as well as how transparent the developers have decided to make everything. We certainly give our stamp of approval to Orbit GTM and recommend it highly.
|🤖 Demo Account||Crypto, CFD|
|💰 Software Cost||No|
|📊 Available assets||CFDs, Cryptocurrency, Forex, Indices, Commodities, Shares, Treasuries|
|💳 Deposit Methods||Credit/debit card, Wire Transfer|
|🏦 Minimum Trade On Stocks||One Share|
|💰 $250 via card, $500 via Wire Transfer||One Share|