OrbitGTM – The company described itself on the company website https://orbitgt-m.com/de as a contact point for online traders and, according to the self-disclosure, offers a platform for trading cryptocurrencies, contracts for difference and more. OrbitGTM also offers a reliable and innovative trading platform. The provider’s website is now offline.
All information on the website was fictitious. This is a systematic fraud.
If you are considering investing with OrbitGTM or if you are already an OrbitGTM client and are trading online, the following considerations are certainly important:
- Is the broker OrbitGTM licensed by a European state financial regulator?
- What evidence is there to assess whether OrbitGTM is an honest financial services provider?
- Are there any tips for OrbitGTM clients who have suffered losses?
- What is known about other investors’ experiences with OrbitGTM?
These questions are answered in this article on the subject of OrbitGTM by the lawyers of the Herfurtner law firm.
Table of contents
- OrbitGTM experience
- OrbitGTM on the web
- Contact details of OrbitGTM
- OrbitGTM Authorisation
- Regulatory warnings from regulators about OrbitGTM
- Online trading tips
- Lawyers support in case of problems
Parallel to the question as to what extent OrbitGTM offers an adequate service, it is elementary to deal with the basics for successful online trading.
In addition, we will answer the question of how the OrbitGTM platform compares to other financial services. In addition, we will stand by investors and support them in the event of ambiguities and disputes in connection with OrbitGTM.
OrbitGTM Experience
According to the company’s website, OrbitGTM’s platform achievements and global access enable secure trading in forex, spot metals, futures, equities, spot indices, commodities and crypto trading. OrbitGTM is more than just a foreign exchange trading platform. OrbitGTM is a secure way to trade digital currencies and CFDs.
In addition, OrbitGTM strives to offer all customers, both private and institutional investors, an exceptional service. Moreover, OrbitGTM uses market development monitoring to ensure that clients are informed of the latest daily market news before conducting detailed research.
Therefore, as a client of OrbitGTM, you get access to the best information and data, as well as high-quality training material. Accordingly, at OrbitGTM, one can make informed trading decisions based on quality information and market research tools.
Furthermore, OrbitGTM presents on its website the different account types that investors can choose from:
- Bronze: Minimum deposit 250 US dollars, leverage x 1
- Silver: Minimum deposit 10,000 US dollars, leverage x 1
- Gold: Minimum deposit 50,000 US dollars, leverage x 2
- Platinum: Minimum deposit 100,000 US dollars, leverage x 3
- Diamond: Minimum deposit 250,000 US dollars, leverage x 5
- VIP: Minimum deposit 500,000 US dollars, leverage x 7
The online presence of OrbitGTM
The website of the service provider OrbitGTM is available in German and can be accessed at https://orbitgt-m.com/de.
Imprint
In the Federal Republic of Germany, according to §5 of the German Telemedia Act (TMG), there are basic information obligations and mandatory details for the imprint. Consequently, this obligation for “provider identification” exists for all commercially operated Internet presences.
This is because this information is intended to inform visitors to an online presence who they are dealing with. Last but not least, the address of the website operator plays a role if legal claims are to be enforced against him.
In this context, it is also important to note that the obligation to maintain an imprint applies equally to foreign service providers who conduct their business activities in this country.
However, at the time of writing in October 2021, there was no legally binding imprint on OrbitGTM’s website. In the meantime, in November 2022, the website is offline.
Should you as an investor be affected by this and now have difficulties accessing your customer account, please feel free to contact our law firm.
Operating company and trademark
The name of the website or trading platform or offer is not always identical with the operating company. In the past, it has often happened that providers operate in parallel with many different trademarks.
In addition, it is common practice for certain operators to deactivate the websites of compromised trademarks and then return to the market using a different trademark.
Therefore, when researching news and information about a service provider, one is well advised to always consider the operating company in addition to the trademark. The relevant information can be found either in the imprint or often also in the footer of a website.
The footer of the company website states that OrbitGTM is owned by an Aurora Solutions LTD based in the Dominican Republic. Now the website is no longer available.
Background to the domain
Many service providers use their years of experience to convey trustworthiness. However, such claims are often contradicted by the domain’s registration date. Accordingly, it is necessary to check who registered the domain and when the domain was registered.
Our legal advisors have determined the information on the provider OrbitGTM on 07 November 2022 with the following result:
Domänenname: ORBITGT-M.COM
Registrierstelle Domain ID: 2640019127_DOMAIN_COM-VRSN
Registrierstelle WHOIS Server: whois.namecheap.com
Registrierstellen-URL: http://www.namecheap.com
Aktualisiert am: 2022-10-22T13:13:33Z
Erstellungsdatum: 2021-09-10T13:11:09Z
Ablaufdatum des Registers: 2022-09-10T13:11:09Z
Registrierstelle: NameCheap, Inc.
Responsible persons
According to §6 of the German Media State Treaty (MDStV), the name of the person responsible for the content of the website must be stated in the imprint. This is often a member of the provider’s management. It is not only mandatory to name the responsible persons, but also a sign of transparency.
However, no information on the persons responsible for the content could be found on the website of OrbitGTM in November 2022.
OrbitGTM contact information
The following information was available on OrbitGTM’s website at the time of writing:
- E-mail contacts with OrbitGTM:
- support[a]orbitgtm.com
- info[a]orbitgtm.com
- Addresses of OrbitGTM:
- Gustav Mahlerplein, 1082 MA Amsterdam, The Netherlands
- Grenzacherstrasse 124, 4070 Basel, Switzerland
- 32 London Bridge St, London SE1 9SG, United Kingdom
- Färögatan 33, 164 51 Kista, Sweden
- 1 Wallich St, Singapore 078881
- Telephone numbers of OrbitGTM:
- +41 615083018
- +46 850281011
- +44 2036974630
- +31 202255155
- +65 31051459
OrbitGTM Permission
The existence of a valid authorisation from an official European financial supervisory authority can be an important criterion for determining whether a financial provider is reputable. This is because the granting of a licence requires a great deal of financial effort on the part of the service provider.
Nevertheless, it does not necessarily have to be an investment fraud if an online broker omits information about its licence or its regulatory status. The following financial supervisory authorities, among others, are responsible for granting authorisations and supervising financial service providers such as OrbitGTM:
- Comisión Nacional de Mercado de Valores (CNMV, Spain)
- Federal Financial Supervisory Authority (BaFin, Germany)
- Austrian Financial Market Authority (FMA)
- Malta Financial Services Authority (MFSA, Malta)
- Australian Securities & Investments Commission (ASIC, Australia)
In November 2022, the website was offline. There was no information about an official authorisation on the OrbitGTM website in October 2021, when this text was created. Interested investors can discuss what this means in an exchange with a lawyer from our law firm.
Regulatory warnings on OrbitGTM
On the subject of OrbitGTM, we did not have an official advisory notice from a European financial supervisory authority in October 2021.
Before trading with OrbitGTM and others – trading tips
Online trading like at OrbitGTM is the extension of traditional trading in financial instruments to the web. Here, as there, financiers act with the aim of making profits by buying and selling assets. Trading is no longer limited to securities. Rather, investors also have the following options to choose from, for example:
- Bonds
- Real Estate
- Trading in contracts for difference
- Cryptocurrencies such as Bitcoins and Altcoins, for example Tether
- Funds
- Silver
- listed index funds
- Forex trading
- Cash
- Money market funds
Online trading is realised via interfaces such as online brokers (such as OrbitGTM) or banks that provide their clients with a professional trading software solution. It is to be expected that in the future there will be more and more private investors who will consider online trading for themselves.
All you need is an internet connection and a PC or smartphone or tablet.
Advantages of online trading
Digitalisation has also had a major impact on the financial world, especially with regard to trading such as with OrbitGTM. Because as a result of the technical possibilities, trading in particular has gained massively in speed.
In the past, investors and traders had to place their orders by phone, fax or letter, but now they can do so with a click of the mouse and with considerably less effort.
Criteria such as the length and type of trade, pricing and quantities or the key account data can now be clarified between a provider such as OrbitGTM and its customers without any personal coordination. At the end of the day, the possibility of online trading has brought a number of advantages:
- The costs of the transaction have gone down noticeably, as the individual support on the phone is no longer necessary.
- The trading platform executes the booked orders, all you need is an internet connection.
- Surpluses can be achieved even with a small investment.
- The range of tradable financial instruments is broader and deeper.
- Online traders have access to many tools and can use various indicators.
- The risk of losses due to gaps is reduced.
- A large number of tools can be applied automatically and instantaneously.
- The speed of transaction processing has increased noticeably.
- Educational opportunities for online trading, knowledge pools, analyses or trading training courses are part of the offer in many places.
After all, online trading not only brings plus points with regard to the uncomplicated use of the platform. Especially through analysis options, indicators and the numerous tools, the capital investor enjoys noticeably more comfort.
The times when you had to draw your own price trends or make your own calculations are over. Nowadays, online trading platforms offer their customers a wide range of order types that online traders can execute independently with a day trading broker of their choice.
The individual trading plan
Due to the fact that there are numerous order types, online traders can adapt their trading plan individually to their requirements and make various settings in the course of this: Buy entries:
- Buy Stop Orders: The purchase is made above the current market price
- Buy Limit Orders: The purchase is made below the current market price
- Buy Market Orders: Buy at the current market price
Sell entries:
- Sell at the current market price (Sell Market Orders)
- Sell above the current market price (Sell Stop Orders)
- One sells below the current market price (Sell Limit Orders)
Exit Orders:
- One exits at a loss when the pre-determined price is reached (Stop Loss)
- One exits at a profit when the pre-set price is reached (Take Profit)
- You move the stop loss depending on the development of the price (trailing stop orders)
An additional convenience of online trading from the investor’s perspective is the absence of restrictions. This means that you are free to choose your own trading strategy and adopt your own trading style. There are many different approaches at this point:
- Automatic trading with robots (“Expert Advisors”)
- Scalping: offensive trading in rapid time intervals
- Sustainable trading
- Intraday trading – opening and closing positions in the space of a single trading day
- Swing trading – taking highly speculative advantage of fluctuating prices
Some of those trading styles were made possible by online trading in the first place by eliminating the previously obligatory telephone exchange with the provider. Therefore, one can speak of a trading revolution that now builds a bridge between countless private investors from all over the world and the global financial markets.
Accordingly, investors are well advised to question whether the financial provider OrbitGTM offers these advantages.
The risks of online trading
Where there is light, there is also shadow, this basic rule also applies to online trading. Consequently, in addition to the advantages, a number of disadvantages are also discernible, which interested capital investors should include in their considerations:
- The emergence of fraudulent trading providers has led to immense risks of loss.
- If wrong decisions are made, large losses are imminent.
- Investors should keep a constant eye on price movements.
- Investors should already be well versed in trading and pursue resilient strategies.
- Compared to traditional trading, it is rather hectic.
Above all, risky day trading is not appropriate for investors who are dealing with the topic of trading for the first time. This is because the risk of not correctly predicting the development of prices is immense, and because of the time pressure it is difficult to make corrections.
Accordingly, this form of trading is more suitable for extremely competent or extremely risk-averse private investors. If you belong to this group, day trading is an option for achieving quick results. In addition, one benefits, for example, from the elimination of fees for overnight positions.
Such financing costs should also be included in a holistic analysis of a financial investment. Moreover, one is literally spared the rude awakening in the morning if there are immediate and drastic price changes. Such “gaps” develop quickly due to bad reports about a company.
On the other hand, one quickly sees the success if one can report a profit at the end of a trading day. Otherwise, it is relevant for day traders to compare the trading fees of the individual online brokers. It can be worthwhile to opt for a flat rate.
This pays off especially if you trade at a high frequency and separate order fees would noticeably reduce the surplus.
Recognising risks and dangers
In order not to increase the risks of online trading unnecessarily, it is advisable to ask yourself what kind of company you would like to use for trading. From the experience of our law firm, some questions have arisen which can be used to recognise possible risks. With reference to the example of OrbitGTM, these would be as follows:
- Does OrbitGTM promise unusually high returns and conceal or downplay the dangers?
- Is there an imprint on OrbitGTM’s online presence and can one find credible information about the company’s location?
- Are there any warnings from lawyers or law firms who serve injured clients in connection with OrbitGTM?
- Is it possible to find official warnings about OrbitGTM?
- Is OrbitGTM regulated by a European financial regulator and is the provider subject to official supervision?
- Are there experiences of other investors, what kind of opinions are expressed in forums?
- Does the exchange with OrbitGTM result from an unsolicited telephone call?
What can one do in the event of losses?
If you suspect that you have been defrauded in trading, it is advisable to block additional payments immediately. This applies in particular to the circumstance that the provider advises additional payments to make up for deficits. Furthermore, one should attempt to recover the lost capital.
In doing so, affected private investors can seek investor protection and contact the lawyers at our law firm. This is because we consider civil law as well as criminal law options and possible claims for damages against the service provider and against involved payment service providers such as financial institutions.
“It is far from being an isolated case when a private investor loses his capital in online trading. Quite a few private investors are misled by the professional appearance of the companies and only register too late that they are not responsible for their losses.”
Therefore, our advice is not to despair, but to react quickly and with commitment. Because the prospect of recovering the lost capital is usually greater than the aggrieved investors realise. Our lawyers provide information on the online trading provider OrbitGTM and advise you individually.
Would you like to make an appointment with us? Then you can go directly to our contact area here.