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Orbit GTM

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Operating status: SCAM

Website: https://orbitgtm-lite.com/

Broker violations and abnormal records
  • 2023-06-21 The UK FCA issued a warning against Orbit GTM

    On June 22, 2023, the Financial Conduct Authority (FCA) issued a warning against Orbit GTM, believing this broker might be providing financial services or products without proper authorization: https://www.fca.org.uk/news/warnings/orbit-gtm

    On June 22, 2023, the Financial Conduct Authority (FCA) issued a warning against Orbit GTM, believing this broker might be providing financial services or products without proper authorization: https://www.fca.org.uk/news/warnings/orbit-gtm
  • 2023-06-25 BrokersView has reviewed that Orbit GTM is an unregulated broker

    Orbit GTM claims to be operated by Aurora Solutions LTD, a company supposedly registered in Commonwealth of Dominica with Reg Number 2020/IBC00048. While it is true that we found corresponding records, it is important to note that mere incorporation information cannot be considered as an authorization for engaging in the business of forex trading.

    Additionally, the Financial Conduct Authority (FCA) has issued a warning against Orbit GTM, believing this broker might be providing financial services or products without proper authorization.

    In essence, Orbit GTM is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

    Orbit GTM claims to be operated by Aurora Solutions LTD, a company supposedly registered in Commonwealth of Dominica with Reg Number 2020/IBC00048. While it is true that we found corresponding records, it is important to note that mere incorporation information cannot be considered as an authorization for engaging in the business of forex trading.Additionally, the Financial Conduct Authority (FCA) has issued a warning against Orbit GTM, believing this broker might be providing financial services or products without proper authorization.In essence, Orbit GTM is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

Related Complaints

Q&A

How to get in touch with their support?

Coronad
Malawi
2023-06-28
ANSWER Orbit GTM is an unregulated broker that we advise against trading with, despite the seemingly attractive deals it offers.Orbit GTM claims to be operated by Aurora Solutions LTD, a company supposedly registered in Commonwealth of Dominica with Reg Number 2020/IBC00048. While it is true that we found corresponding records, it is important to note that mere incorporation information cannot be considered as the authorization for engaging in the business of forex trading.Additionally, the Financial Conduct Authority (FCA) has issued a warning against Orbit GTM, believing this broker might be providing financial services or products without proper authorization.Regarding your question, Orbit GTM provides a live chat for customers to contact. However, we strongly suggest you exercise extreme caution and have no further dealings with this platform. It is an unregulated broker even being warned by the UK financial regulator. Due to the lack of necessary regulation and oversight, Orbit GTM comes with significant risks, such as financial losses and identity theft, which could be financially and personally devastating. Therefore, investors are encouraged to stay away from unregulated brokers like Orbit GTM and choose fully regulated ones to mitigate such risks.
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