Orion Forex prop firm review

Orion Forex prop firm review

Orion prop firm provides funded account challenges with diverse funded options ranging from 2.5k to 200k USD, which is attractive for beginners. The pricing starts at 149 euros for both 10k 2-step and 2.5k instant accounts, which is slightly expensive. The firm promises up to 80% profit sharing for all accounts except instant, which starts from 50%. There are plenty of trading platforms available like MT5, cTrader, and so on. Traders can speculate on a wide range of assets including FX pairs, commodities, indices, and cryptos. 

In this unbiased Orion review, we will evaluate the firm’s safety, rules, funded options and types, assets, platforms, pricing, support, and more. 

Pros & cons of Orion prop firm

ProsCons
Ability to withdraw with $0 feesLacks reviews on the FPA platform
Offers access to MetaTrader 5, cTrader, TradeLocker, DXTradePricing is slightly expensive starting at 140 euros
Fast and digital account opening/verificationDoes not offer a live chat support option
Most payment options are free and instantOnly 2 languages are available (English and Spanish)
Offers a wide range of funded accounts like 1-step, instant, and 2-step 
Allows access to FX pairs, commodities, indices, and cryptos 
Has very positive feedback on Trustpilot 

Quick rating of Orion and its features

FPA ScoreNo rating yet
Year founded2024
HeadquartersDubai, U.A.E.
Minimum audition fee149 euros
Fees on withdrawals0 euros
Minimum funded amount2,500 USD
Maximum funded amount200,000 USD
Allowed daily loss4%
Profit target10%
Maximum trailing drawdown6%
Profit sharing (Payouts)80%
Trading PlatformsMetaTrader 5, cTrader, TradeLocker, DXTrade
Available trading marketsFX pairs, commodities, indices, digital currencies

Safety of Orion

There are no Orion reviews on the Forex Peace Army (FPA), which is a serious downside. When it comes to Trustpilot, the firm has around 150 reviews, most of which are super positive about the firm’s services and its reliability. The firm was launched in 2024, which makes it relatively young and inexperienced in the prop trading industry. When it comes to trading services, the firm is backed by a regulated broker, ZenFinex. However, this broker has negative reviews on the FPA. All funded accounts are simulated or demo accounts, which is also a minor downside of this firm.

The firm gets a 1.5 score in this section.

Orion Funding and maximum capital allocation

Orion funded programs are diverse and include 1-step, 2-step, and instant funded accounts. The funded options list is the same for 1-step and 2-step challenges and the instant account offers different options. The list of 1-step and 2-step Orion funding options includes 10k, 25k, 50k, 100k, and 200k USD amounts. The instant funded account offers 2.5k, 5k, 10k, 20k, 40k, and 80k USD. The instant account allows for immediate access to the funded account without the evaluation phase and it is natural for this type of account to have smaller funded amounts. 

The 2-step and 1-step Orion challenges both require traders to hit profit targets and maintain strong risk control.

Orion scaling plan is available and allows traders to get up to 2 million dollars in virtual funding. Traders can get a maximum of 400k USD by purchasing several challenges as well.

Overall, the firm gets a 3 score in this section. 

Orion Assets

Orion prop trading assets allowed include FX pairs, commodities (energies, metals), indices, and a handful of crypto pairs. The firm is very strict with leverage and only allows up to 1:20, which is a downside. The lack of stocks, futures, and other asset classes is a minor drawback for the firm.

The firm gets a 3 score in this section as a result.

Orion Trading rules and limitations

Orion rules vary depending on the funded account type selected. Let’s compare all three accounts and their requirements to see how attractive the firm truly is.

The 1-step Orion challenge rules are as follows:

  • Profit target - 10%
  • Daily loss limit - 3%
  • Maximum drawdown - 6% 
  • Minimum trading days - 4 days
  • Trading period - No limits

The 2-step Orion challenges require traders to follow:

  • Profit target - 8%, 5% (phase 1 and 2)
  • Daily loss limit - 4%
  • Maximum drawdown - 8% (10% using paid add-on) 
  • Minimum trading days - 4 days
  • Trading period - No limits

Here are the requirements for Orion instant funding:

  • Profit target - None
  • Daily loss limit - 3%
  • Maximum drawdown - 6% 
  • Minimum trading days - Funded immediately
  • Trading period - No limits

News trading is not allowed and traders can only activate weekend and overnight holding by purchasing paid add-ons during the sign-up process. Expert Advisors (EAs) are allowed but trailers must not employ HFT (high-frequency trading) algorithms, hedging, or arbitrage EAs.

As a result, the firm gets a 0.7 score in this section for having very strict requirements.

Orion Fees

The pricing at Orion starts at 149 euros for 10k 2-step and 2.5k instant funded accounts, while the smallest one-time fee starts at 194 euros for a 1-step 10k challenge. Let’s take a closer look at all three accounts and corresponding pricing to evaluate the firm’s offerings.

The 1-step Orion challenges have the following one-time fees:

  • Funded amount: 10k USD - One-time fee: 194 euros
  • 25k USD - 310 euros
  • 50k USD - 405 euros
  • 100k USD - 550 euros
  • 200k USD - 1350 euros

The 2-step Orion challenges will cost:

  • Funded amount: 10k USD - One-time fee: 149 euros
  • 25k USD - 250 euros
  • 50k USD - 345 euros
  • 100k USD - 540 euros
  • 200k USD - 1080 euros

Orion instant funding options have slightly more expensive pricing:

  • Funded amount: 2,500 USD - One-time fee: 149 euros
  • 5k USD - 225 euros
  • 10k USD - 440 euros
  • 20k USD - 870 euros
  • 40k USD - 1735 euros
  • 80k USD - 3460 euros

The firm does not charge fees on withdrawals and currently has discounts on 2-step pricing. The spreads are not zero, which is a downside as traders can not deploy scalping strategies freely. 

Orion free trial is not available which is a downside, preventing traders from checking trading conditions before purchasing challenges. The Orion free repeat is not offered either which is also a drawback.

Overall, the firm gets a 3 score in this section. 

Orion Platforms

The firm allows access to a wide range of advanced trading platforms including MetaTrader 5, cTrader, TradeLocker, and DXTrade. Mobile trading is available via mobile apps for each of the platforms accessible on both Android and iOS. MT5 and cTrader support Expert Advisors (EAs) and custom indicators, which are very flexible. The firm allows EAs. 

As a result, the firm gets a 5 score in this section.

Orion Profit-Sharing

Orion profit split is 80% for 1-step and 2-step challenges and starts from 50% for instant funding accounts, which is decent. Withdrawals are fast taking 1-2 business days, which is flexible. The firm does not charge fees for withdrawals which is competitive. 

The firm gets a 3 score in this section.

Education and trading tools at Orion

The firm offers educational resources which include Orion community, Room channel, AI assistant, and learning academy. The academy offers trading courses which is a good place to start trading education. The firm also offers tools and there is an AI assistant, which is super useful. 

Overall, Orion gets a 3.5 score in this section. 

Customer Support at Orion

When it comes to customer service, the firm offers live chat using Discord and email options. There is no direct live chat built inside the website but discord servers are working 24/7. Both the website and support are only available in English and Spanish languages.

The firm gets a 2.4 score in this section.

Frequently Asked Questions on Orion

Is Orion legit?

Orion scam is highly unlikely as the firm has many positive reviews on Trustpilot and is backed by a regulated Forex broker.

Is Orion a good prop firm?

The firm seems reliable and offers diverse funded challenge types. However, the pricing starts at 149 euros which is a minor drawback. 

What is the minimum Orion fee?

The smallest one-time fee starts at 149 euros for the 10k USD 2-step challenge, which is competitive.