Orbex is a well-established broker since 2009. Orbex has headquarters in Cyprus and Kuwait. They are generally well-suited for Orbex to provide their Forex/CFD trading services to global clients.

This broker has also been regulated by Banque de France 73762, CNMV (Spain) 2894, CONSOB (Italy) 3148, CySEC 124/10, FCA (UK) 553071 and ESMA.


Company Information

Website
www.orbex.com

Established
2009

Country
Cyprus and Kuwait

Regulation
Banque de France, 73762
CNMV (Spain) 2894
CONSOB (Italy), 3148
CySEC, 124/10
FCA (UK), 553071
ESMA

Features

Trading contests

Free education

Personal manager

Trading by telephone

MAM accounts

Segregated accounts

Managed accounts

Affiliate program

Islamic accounts available

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

If you want to look for a more simple explanation regarding this broker's account type(s), take a loot at the following chart:


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Minimum Deposit

$200

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Maximum Leverage

1:500

pin

Spread

Variable

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Commission

$5


Minimum Deposit $5000

Minimum Position 0.1 lot

Spread Variable

Scalping

Expert Advisors

Hedging

Overnight interest rates (swaps)

Trailing stop

Pending orders

One-click trading

Mobile trading

Automated trading

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 and Indexes 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


Minimum Deposit $200

Minimum Position 0.1 lot

Spread Variable

Scalping

Expert Advisors

Hedging

Overnight interest rates (swaps)

Trailing stop

Pending orders

One-click trading

Mobile trading

Automated trading

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 and Indexes 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


Minimum Deposit $25000

Minimum Position 0.1 lot

Spread Variable

Scalping

Expert Advisors

Hedging

Overnight interest rates (swaps)

Trailing stop

Pending orders

One-click trading

Mobile trading

Automated trading

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 and Indexes 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

Payment Methods

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.

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.

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.

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.

Orbex also provides payment with 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
Chinese
English
German
Indonesian
Italian
Japanese
Persian
Polish
Russian
Spanish
Urdu

Office
Support

Email
Support

Call
Support

Chat
Support

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.




FAQ About Orbex


Is Orbex a good broker?

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 and Indexes . As for the payment methods, you can choose between Credit/debit cards, FasaPay, Neteller, Skrill, WebMoney and Wire transfer. The customer support is available via Callback, Email, Live chat, Phone and Web form.


What is the minimum deposit for Orbex?

The starting capital in Orbex is $200.


Is Orbex regulated?

Orbex is regulated by Banque de France 73762, CNMV (Spain) 2894, CONSOB (Italy) 3148, CySEC 124/10, FCA (UK) 553071 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.


Is Orbex legit?

Orbex is a brokerage company offering trading services for clients since 2009 with offices in Cyprus and Kuwait.


Give Your Review and Rate This Broker


These aspects are optional but will determine your review's reliablity


6 Reviews

Rocky Hasan
This review is not supported by evidence

Sep 13 2020

One of the best broker. Good charts, good representatives, good spreads, good execution, great tools to facilitate trading. As a whole awesome. New broker, but great service. Hope this broker remains like this always.

Moonirman
This review is not supported by evidence

Sep 12 2020

I am using this broker for few month and earning profit consistently. Never faced single problem with the execution. Trading environment is much good rather than other CYSEC regulated broker. Their support team is very much helpful. Overall I am happy with this broker.

Birushp
This review is not supported by evidence

Sep 10 2020

Very good broker, fast execution, no slippage.

Rachid Harri
This review is not supported by evidence

Sep 9 2020

Professional broker and available all the time, effective market analysis, personalized support, my account manager Mr Nizar ARIOUA is real pro, kind and available, thank you to the entire Orbex team.

Clement Marshall
This review is not supported by evidence

Sep 8 2020

Good spreads. As a part time trader I want the lowest transaction costs. This broker provides exactly that and with a fast and reliable withdrawal service. I trade here and with 2 other brokers.

Stche78
This review is not supported by evidence

Sep 7 2020

I have been using ORBEX for around 2 years. So far, it has been good. Deposit is instant and withdrawal is within 24 hours. Moreover, there are no fees associated with deposit and withdrawl. Spreads for major pairs such as EURUSD are acceptable. During volatile times, it will widen which is the norm for all brokers. Overall, ORBEX is an honest and reliable broker.