OrbitGTM is a broker platform that claims to offer cryptocurrency trading services to investors of different levels. However, before you decide to sign up with this broker, you should be aware of some red flags that indicate that it may not be a reliable or trustworthy option. In this blog post, we will review some of the key aspects of OrbitGTM and why you should be cautious about it.
Regulation and Safety of Funds
One of the most important factors to consider when choosing a broker is whether it is regulated by a reputable authority that can ensure the safety and security of your funds and personal information. Unfortunately, OrbitGTM does not provide any evidence of being regulated or licensed by any entity. The broker claims to be registered in the Commonwealth of Dominica, but this country does not have an FX regulator and is therefore incapable of regulating FX brokers. This means that OrbitGTM is operating illegally and without any oversight or accountability. If you invest with this broker, you risk losing your money to fraud or scams.
Trading Platform and Instruments
Another aspect to look at is the trading platform and instruments that the broker offers. OrbitGTM uses a web trader that is very popular among scammer brokers, as it is easy to manipulate and does not offer any advanced features or tools. The web trader does not have any indicators, charts, or analysis tools that can help you make informed trading decisions. Moreover, the broker does not offer any forex currency pairs, which are the most liquid and popular instruments in the online trading market. Instead, it only offers crypto-related products, such as indices vs crypto, commodities vs crypto, crypto vs USDT, stocks vs USDT, and crypto vs crypto. These products are very volatile and risky, and they may not suit your trading preferences or goals.
Trading Conditions and Payment Methods
The trading conditions and payment methods that the broker offers are also very unfavorable and suspicious. OrbitGTM does not disclose any information about its spreads, commissions, or fees, which means that it can charge you whatever it wants without your knowledge or consent. The broker also does not offer any leverage, which is a tool that can amplify your profits or losses depending on your trading strategy. The lack of leverage indicates that the broker does not have enough liquidity or capital to support its clients’ trading activities. Furthermore, the broker only accepts deposits and withdrawals via cryptocurrencies, such as USDT. This is a very risky and untraceable payment method that does not offer any protection or recourse in case of disputes or issues. If you use cryptocurrencies to fund your account or withdraw your profits, you may never see your money again.
Conclusion
Based on our review, we conclude that OrbitGTM is a scam broker that you should avoid at all costs. The broker does not have any regulation or license, it uses a shady and unreliable trading platform, it offers limited and risky trading instruments, it does not disclose its trading conditions or fees, and it only accepts cryptocurrencies as payment methods. These are all signs that the broker is not legitimate or trustworthy, and that it may be involved in fraudulent or illegal activities. If you are looking for a reputable and reliable broker to trade cryptocurrencies or other assets online, you should do your research and find one that has a proven track record of providing quality services and customer support.
What to Do If You’ve Lost Money with OrbitGTM?
If you have been scammed by OrbitGTM or any other broker, you’ll want to seek assistance from cryptocointrace.com immediately. Our experts will consult with you and bolster your claim to help you get your money back. Cryptocointrace.com is a leader in recovering your funds and will help you retrieve your funds from a broker scam.
