Orbex Review
Orbex is a well-established broker since 2009. Orbex has headquarters in United Kingdom, Cyprus, Spain, France, Italy and European area. Orbex to provide their Forex/CFD trading services to over 4 million clients.
This broker has also been regulated by FCA (UK) 553071, CySEC 124/10, CNMV (Spain) 2894, Banque de France 73762, CONSOB (Italy) 3148 and ESMA.
Major Information
💲 Min Deposit $200
⚖ Max Leverage 1:500
💡 Min Position 0.1 lot
🌐 Website www.orbex.com
⌛ Year Established 2009
4.50/5
Extensive Review
Owned by Orbex Group Limited and is operated by Orbex Global Limited, Orbex provides foreign exchange and CFD online trading for traders worldwide. It is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) with License Number 124/10. As it resides in the European Union jurisdiction, Orbex is also registered with other supervisory authorities based on the MiFID Directive; it included UK's FCA and German's BaFin.
Orbex thrives to serve clients with the most updated innovations in the forex industry. The company commits to deploy active promotions and other special offers to traders. Envisioning itself as a global brand, trading with Orbex is promoted to enhance the trading experience with the best customer service, one-hour response time for sales and support requests, speed, and reliability in trading, deep liquidity from Tier-1 banks, as well as swap-free accounts.
This broker presents excellent market trading conditions with various trading instruments such as 50 pairs of currencies and other assets like Precious Metals, Future Contracts (OTC), Equity Indices (OTC), CFDs, and Energy Contracts. Orbex generally offers maximum leverage of 1:30, as per ESMA's regulation to limit the condition. However, it allows higher leverage up to 1:500 only for professional traders.
Further details on Orbex's trading conditions are divided by the account types' specifications below:
Starter Account
- Minimum deposit: $200
- Spread: Variable, from 1.7 pips
- Commission: None
- Execution type: NDD
- Extras: Monthly webinar, Trading Central, Scalping allowed, regular training sessions, free signals, basic education, EAs allowed.
Premium Account
- Minimum deposit: $5,000
- Spread: From 0 pips
- Commission: $8
- Execution type: NDD
- Extras: Exclusive webinar and Live trading, Trading Central, Scalping allowed, 1 on 1 training sessions, premium signals, advanced education, VPS support, EAs allowed.
Ultimate Account
- Minimum deposit: $25,000
- Spread: From 0 pips
- Commission: $5
- Execution type: NDD
- Extras: Exclusive webinar and Live trading, Trading Central, Scalping allowed, 1 on 1 session, ultimate signals, advanced education, VPS support, EAs allowed.
Opening an account in Orbex accommodates the needs for flexible trading anywhere and anytime, as their MetaTrader 4 is supported in not only PC screen, but also Android and iOS systems. However, this broker does not provide any alternatives for trading platforms aside from MetaTrader 4.
Besides the conventional bank transfer, account fundings and withdrawals are enabled via direct debit/credit cards, Skrill, NETELLER, WebMoney, FasaPay, and other digital wallets. There are no fees and all deposits and withdrawal methods, but there is an exception for bank withdrawals as there may be commissions from the intermediary and/or beneficiary bank.
Finally, it can be concluded that Orbex is a competitive broker for all types of traders. It covers beginners' conditions in Fixed and Starter Accounts while ensuring experienced traders' needs in Premium and Ultimate Accounts at the same time.
However, it is also important to note that Orbex is an offshore-based company even though the operation is already authorized by CySEC. That's why new traders should maintain a minimum trading balance in their initial experience with Orbex.
Company Information
Features
👨💻 PAMM
🏆 Trading contests
📁 Segregated accounts
📈 Managed accounts
📊 MAM
📖 Free education
🗺 Vps
Account Information
Apart from the forex demo account, this broker offers Premium, Starter and Ultimate. To successfully navigate your trading account, you also need to consider about leverage and minimum deposit. Talking about leverage in general, the maximum leverage offered by Orbex is up to 1: 500. Meanwhile, you can open an account with a starting capital of $200.
Min Deposit
$200
Max Leverage
1:500
Spread
Variable
Commission
$5
If you want to look for a more simple explanation regarding this broker's account type(s), take a look at the following chart:
💲 Min Deposit $5000
💡 Min Position 0.1 lot
🔢 Spread Variable
📉 Scalping
🤖 Expert Advisors
💱 Hedging
🕛 Overnight interest rates (swaps)
⏱ Trailing stop
⏳ Pending orders
1️⃣ One-click trading
⚡ Automated trading
💸 Commission $8
Instruments Traded
Besides lots of currency pair, Orbex also offers some instruments you would like to trade on, such as Forex, Gold & silver, CFD, Oil, Futures, Indexes and Crypto for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.
As for Premium account, Orbex specifically provides it with the following instruments and leverage:
💲 Min Deposit $200
💡 Min Position 0.1 lot
🔢 Spread Variable
📉 Scalping
🤖 Expert Advisors
💱 Hedging
🕛 Overnight interest rates (swaps)
⏱ Trailing stop
⏳ Pending orders
1️⃣ One-click trading
⚡ Automated trading
💸 Commission
Instruments Traded
Besides lots of currency pair, Orbex also offers some instruments you would like to trade on, such as Forex, Gold & silver, CFD, Oil, Futures, Indexes and Crypto for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.
As for Starter account, Orbex specifically provides it with the following instruments and leverage:
💲 Min Deposit $25000
💡 Min Position 0.1 lot
🔢 Spread Variable
📉 Scalping
🤖 Expert Advisors
💱 Hedging
🕛 Overnight interest rates (swaps)
⏱ Trailing stop
⏳ Pending orders
1️⃣ One-click trading
⚡ Automated trading
💸 Commission $5
Instruments Traded
Besides lots of currency pair, Orbex also offers some instruments you would like to trade on, such as Forex, Gold & silver, CFD, Oil, Futures, Indexes and Crypto for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.
As for Ultimate account, Orbex specifically provides it with the following instruments and leverage:
Payment Methods
WebMoney : WebMoney is one of the major online wallet services which many people use to send money around the world. For this reason, there is a large number of forex brokers that accept WebMoney today. Like other online payment services today, WebMoney is supported by mobile applications to make transactions more efficient.
Wire transfer : Wire Transfer is the most commonly used payment method. Nearly all brokers in the world provide this method on their service. The reason is wire transfer is basically traditional transfer between banks in the worldwide. So, this method is guaranteed for its safety. This really helps traders who avoid third-party payments or don't have credit cards.
Skrill : Mostly, all forex brokers provide Skrill as an online payment service option. Fast, easy, and safe transactions are the main reasons why traders using this method. Traders can use Skrill to fund their trading accounts with either payment cards, bank wire transfers, or directly from a Skrill e-wallet account.
Neteller : Like PayPal, Neteller is one of the most popular online payment services today. Due to this popularity, nearly all forex brokers accept Neteller as a payment method for their clients' fund deposit and withdrawal. Although the Neteller system is available almost all over the world, it remains particularly popular in Europe.
FasaPay : Known as an e-payment for retail forex traders, FasaPay does not require a huge amount of fee, giving it a competitive edge among any other e-payments in the forex brokerage industry. Instant process is also featured as one of its advantages.
Orbex also provides payment with Tether (USDT), Perfect Money and Credit/debit cards
Trading Platforms
Trading platform is a tool where you can buy or trade an instrument with only some clicks on your device, anytime and anywhere you want. In addition, price chart is also usually provided with some analytical tools to help you analyze the price movement, so you can increase your profitabiliy by placing well-planned trades.
Hereby, Orbex offers you MetaTrader 4 (Limited with 30 days of inactivity).
Customer Support
Do you have any question or find any trouble related to Orbex? If you do, you should reach Orbex's support to get the information that you need. Here is the detail of the broker's customer support:
Website Languages
Office Support
Email Support
Call Support
Chat Support
FAQ About Orbex
A good broker constitutes a good service for traders in terms of many criteria including trading instruments, deposits and withdrawals, as well as customer support. What is good for a certain trader does not necessarily mean the same thing to you. So the term "a good broker" can vary in meaning. You can decide for yourself if Orbex is a good broker for you or not by reviewing the criteria. In general, Orbex provides trading service in Forex , Gold & silver , CFD , Oil , Futures , Indexes and Crypto . As for the payment methods, you can choose between WebMoney, Skrill, Wire transfer, Credit/debit cards, Neteller, FasaPay, Tether (USDT) and Perfect Money. The customer support is available via Email, Web form, Phone, Callback and Live chat.
The starting capital in Orbex is $200.
Orbex is regulated by FCA (UK) 553071, CySEC 124/10, CNMV (Spain) 2894, Banque de France 73762, CONSOB (Italy) 3148 and ESMA. A regulated broker equals a more responsible trading environment. You can also expect a more guaranteed safety of funds as some of regulatory frameworks in the financial industry require a compensation scheme in case of unprecedented incidents that result in clients' financial losses.
Orbex is a brokerage company offering trading services for clients since 2009 with offices in United Kingdom, Cyprus, Spain, France, Italy and European area.
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