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Orbex Review

Broker Information Security Popularity Payment Spec Instruments Score
Security A
Popularity D
Payment A
Spec A
Instrument A
A
D
A
A
A
score 65
Orbex
  Regulation 100  
FCA
CySEC
ESMA
  Security 88  
Segregated accounts
Established more than 10 years
  Instrument 100  
Forex
Crypto
Index
Oil
Gold
  Platform 44  
MetaTrader 4
  Payment 96  
Credit/debit card
Neteller
WebMoney
Skrill
FasaPay
Perfect Money
Wire
  Features 100  
PAMM
Education
Automated trading
Manage
Vps
  Spec 96  
Hedging
Scalping
Leverage more than 1:500
Swap

💲 Min Deposit $200

Year Established 2009

💼 Regulation

💡 Min Position 0.1 lot

🌐 Website www.orbex.com

🌎 Country United KingdomCyprusSpainFranceItalyEuropean area

Max Leverage 1:500

👨‍💻 PAMM

🏆 Trading contests

📁 Segregated accounts

📈 Managed accounts

📊 MAM

📖 Free education

🗺 Vps

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 553071, CySEC 124/10, CNMV 2894, Banque de France 73762, CONSOB (Italy) 3148 and ESMA.


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.

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.

pin

Min Deposit

$200

pin

Max Leverage

1:500

pin

Spread

Variable

pin

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:


Forex

Forex
1:300

Gold & silver

Gold & silver
1:300

Futures

Futures
1:300

Indexes

Indexes
1:300

Crypto

Crypto
1:2


💲 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:


Forex

Forex
1:500

Gold & silver

Gold & silver
1:300

Futures

Futures
1:300

Indexes

Indexes
1:300

Crypto

Crypto
1:2


💲 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:


Forex

Forex
1:100

Gold & silver

Gold & silver
1:100

Futures

Futures
1:100

Indexes

Indexes
1:100

Crypto

Crypto
1:2

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

Arabic
Bengali/Bangla
German
English
Persian
Indonesian
Italian
Japanese
Polish
Urdu
Chinese

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 553071, CySEC 124/10, CNMV 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.



Orbex News
Kyla Yocelyn
Orbex announced that it is expanding its offerings and presence in Asia by collaborating with forex and CFD broker HonorFX.
Kyla Yocelyn
Orbex has launched the Orbex Prepaid Card for all customers, accessed through the myorbexarea dashboard and the Orbex Card app, available on the mobile store.
Tom Roscar
Orbex has launched a Zero Spread Trading Account for new traders who signing up until September 30th, 2023.
Kyla Yocelyn
The free Orbex Masterclass webinar series is now available for all traders. The webinars will cover topics of interest ranging from real-time trading strategies to risk management.
Arba Arief
Orbex, a global multi-regulated financial services provider, has won the most transparent forex broker from Fintech & Crypto Summit.
Jasmine Harrison
Orbex has approved a plan to sponsor Fintech and Crypto Summit in Bahrain, where all the world's biggest fintech and crypto players will gather.
Testimonials
Singapore
Rocky Hasan
Sep 13 2020
 
One of the best broker. Good charts, good representatives, good... More
Singapore
Moonirman
Sep 12 2020
 
I am using this broker for few month and earning... More
Singapore
Birushp
Sep 10 2020
 
Very good broker, fast execution, no slippage. More
Singapore
Rachid Harri
Sep 9 2020
 
Professional broker and available all the time, effective market analysis,... More
Singapore
Clement Marshall
Sep 8 2020
 
Good spreads. As a part time trader I want the... More
Singapore
Stche78
Sep 7 2020
 
I have been using ORBEX for around 2 years. So... More
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